11/23 DailyFinance

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. DailyFinance Galleon's Raj Rajaratnam gears up for a legal showdown November 22, 2009 at 7:00 pm Filed under: People, Investing With a mountain of evidence ranging from a cooperating witness to wiretapped confessions by an accomplice all but admitting guilt, prosecutors in the Galleon Group insider trading case might think they have an airtight case. But billionaire Galleon founder Raj Rajaratnam seems to be bracing for a fight. Last week Rajaratnam's lawyers took to the offensive and succeeded in having cooperating witness Roomy Khan's criminal background included in the hearings. Khan, a former employee of both Intel and Galleon, is a central witness against Rajaratnam. Khan has already pleaded guilty to trading on and passing on insider information as part of a plea agreement. Continue reading Galleon's Raj Rajaratnam gears up for a legal showdown Galleon's Raj Rajaratnam gears up for a legal showdown originally appeared on DailyFinance on Sun, 22 Nov 2009 19:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Seven reasons to expect a slow-growth U.S. economy ahead November 22, 2009 at 3:00 pm Filed under: Economy Is the U.S. headed for a "new normal" -- a slow-growth economy that lasts perhaps for as long as a decade? The evidence supporting the new-normal argument, predicting a future in which the U.S. GDP grows at no more than 2.0% to 2.5% per year, is compelling. That low growth rate would constrain corporate revenue, earnings growth and stock prices, among other consequences. The U.S. has already registered below-trend GDP growth at this recovery's start -- just 3.5% in the third quarter, versus the more than 6% GDP growth typically registered in an expansion's initial stage. Here's why the slow-growth conditions might continue: Continue reading Seven reasons to expect a slow-growth U.S. economy ahead Seven reasons to expect a slow-growth U.S. economy ahead originally appeared on DailyFinance on Sun, 22 Nov 2009 15:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments FDIC Chair Sheila Bair has it right: It's time to change bankers' incentives November 22, 2009 at 2:00 pm Filed under: Economy, Investing I have to hand it to FDIC Chairwoman Sheila Bair -- the former UMass economics professor gets it right on key policy issues. She is right about ending the doctrine of too-big-to-fail, and now she is proposing an idea that I've been pushing with no effect for years. That idea is to align the interests of the banks that bundle assets and sell them as securities -- so-called asset-backed securities -- with those of ABS investors. Before getting into the details of her proposal, I should disclose that I am not entirely objective in analyzing it. I worked with the FDIC back in the early 1980s to help build a system to manage the liquidation of the assets the FDIC gets when it helps find partners to absorb failed banks. And I have posted repeatedly about the idea of putting bankers' pay in escrow as a way to align the interests of those who create investments with those who buy them. Continue reading FDIC Chair Sheila Bair has it right: It's time to change bankers' incentives FDIC Chair Sheila Bair has it right: It's time to change bankers' incentives originally appeared on DailyFinance on Sun, 22 Nov 2009 14:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Now entering Tiburon. Please get your license plates ready for their close-up November 22, 2009 at 1:00 pm Filed under: Technology If you're a thief with a car, you may want to steer clear of Tiburon, California. As tantalizing a target as Tiburon may be -- its median home price is $2.62 million, and Forbes ranks it as the 26th wealthiest Zip Code -- the Bay Area enclave may become the first U.S. city to install cameras to photograph the license plates of every car that enters and leaves town. "I think it makes the community safe," Michael Cronin, Tiburon's police chief, said Wednesday, after the Town Council voted 4-0 to go ahead with the surveillance program, slated to go live within six months, according to the San Francisco Chronicle. But the exclusive waterfront hamlet 17 miles north of San Francisco could set a dangerous precedent, privacy experts warn. Continue reading Now entering Tiburon. Please get your license plates ready for their close-up Now entering Tiburon. Please get your license plates ready for their close-up originally appeared on DailyFinance on Sun, 22 Nov 2009 13:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments eBay search function fails for hours November 22, 2009 at 11:30 am Filed under: Company News, Technology Firsthand reports from 24/7 Wall St. and social media information website Mashable say the the search function of eBay (EBAY) was down for several hours on Saturday. The search feature is critical to aiding shoppers in finding products, and navigating eBay without it is extremely difficult. The eBay problem is another example of how server issues, software problems or attacks on a company's website by hackers can compromise or shut down a service. It is not clear what happened at eBay during the hours that its search feature was disabled, but as the holidays approach, what is clear is that an interruption of the service could cost the company -- and the firms that use its auction system to sell their products -- tens of millions of dollars. Continue reading eBay search function fails for hours eBay search function fails for hours originally appeared on DailyFinance on Sun, 22 Nov 2009 11:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Traveling abroad for better returns November 22, 2009 at 11:00 am Filed under: Investing While there's no place like home, sometimes you have to get out of your own backyard -- and that includes investing. Impressive growth in emerging economies such as China and India will boost investments that provide exposure to these markets, says the new Emerging Wealth report from consultancy Watson Wyatt. "We believe that emerging market economies will continue to grow strongly, due to a mix of rising productivity, economic and financial reforms and favorable demographics," says Craig Mercer, Watson Wyatt's senior investment consultant, in a prepared statement. But investors who want to globalize their portfolios should also remember that with the aggressive returns some of these markets can offer come risks, including currency fluctuations and political instability. That said, investors can get in on the international action through index funds or other broad investments that can reduce the chance of any major downside. So what's all the excitement about in emerging markets? Watson Wyatt highlights a few possibilities, including the ongoing shift in focus from agriculture to industry and services in many countries, as well as the growth in labor forces. Continue reading Traveling abroad for better returns Traveling abroad for better returns originally appeared on DailyFinance on Sun, 22 Nov 2009 11:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments Child care issues are an impossible challenge for Army moms and dads November 22, 2009 at 9:00 am Filed under: Economy, People On November 6, Specialist Alexis Hutchinson was arrested. Hutchinson, 21, had arrived back on her military base in Savannah, Georgia, just a week earlier with her 10-month-old son, Kamani, in tow. This was not a happy trip. She'd been home in Oakland, California, on leave, where her mother, Angelique Hughes, broke the bad news: it wasn't working out. Kamani's dad isn't involved in the child's life, and Hughes had agreed to keep the baby for a year while Hutchinson joined her unit, headed toward Afghanistan. But Hughes is already caring for an ailing mother and sister, a special-needs daughter, and up to 14 children during the day in an in-home daycare. Kamani was one responsibility too many. Continue reading Child care issues are an impossible challenge for Army moms and dads Child care issues are an impossible challenge for Army moms and dads originally appeared on DailyFinance on Sun, 22 Nov 2009 09:00:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments   This email was sent to gatdemit001@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.