Russia now conducts most of its energy sales in US dollars and this has greatly benefited Europe in the form of lower energy costs as the dollar has depreciated. The declining dollar may also explain why Europe and other big purchasers of energy have not pushed to have more energy sales in Euros, which would … Continue reading Putin Sets Stage for Energy Sales in Russian Rubles
Category: Federal Reserve and SEC
Today the Oregonian ran a story by reporter Jeff Mapes about SEIU President Joe DiNicola, Mapes noted that: "The largest union for state employees in Oregon is embroiled in a messy political and legal struggle over a claim from its elected president for nearly $110,000 in back overtime pay. Outraged members of Local 503 of … Continue reading Union Chief Under Fire for Wrong Reasons
Opposed to the sale of the Dow Jones Corporation, which owns the Wall Street Journal and Barrons, to Rupert Murdoch, I issued the following press release on PR Newswire, Parish Opposes Dow Jones Sale. Much to my surprise, PR Newswire did not post the press release in the manner expected because, according to its own … Continue reading PR Newswire and Business Wire – Soviet Style Journalism?
Ben Bernanke could indeed be one of the great fed chairman if he implements a few simple programs and takes a tough lesson from George Bush Senior. The problem is that he will have to take on his predecessor, Alan Greenspan. Greenspan, at 81, is now collecting large fees working for speculative hedge funds in … Continue reading Ben S. Bernanke – An Unused and Effective Tool
The following report regarding Microsoft's financial practices is the most widely read report on my website since 1999. Numerous major news stories have appeared based upon the report titled Microsoft Financial Pyramid Summary. In late 2002 Barrons requested a 1,200 word article about Microsoft and I chose the topic of why Microsoft should pay a … Continue reading Microsoft – An Update