(August 26th, 2009 under Announcements)
With the passing of Senator Ted Kennedy, there is a renewed interest in that family. Here is a link to a family tree which was useful in tracing the family and informing the reader of the family members’ present activities. Here is the link: http://www.msnbc.msn.com/id/27440144/?gt1=43001
Michael
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(August 25th, 2009 under Banks, Economic News , Federal Reserve , US Economy )
There is a trend to hold the Federal Reserve more accountable for its many actions taken in recent months in an effort to stem the economic downturn. Under a freedom of information action, news agency, Bloomberg, sought this information and stated as its basis the fact that the US taxpayer had become an involuntary investor [...]
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(August 25th, 2009 under Banks, Economic News )
Evidently, beating out two large private equity groups, Blackstone and Gerald ford’s Flexpoint, “Banco Bilbao Vizcaya Argentaria SA won the bidding to take over ailing Texas lender Guaranty Financial Group Inc., people familiar with the matter said, in what will be the Spanish bank’s sixth U.S. purchase since 2004. The acquisition, arranged by the Federal [...]
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(August 25th, 2009 under Corporate Bankruptcies, Real Estate Industry )
The large mortgage company Taylor Bean filed chapter 11 in the US Bankruptcy Court in Florida. It has stated that essentially all options are open as far as how to proceed, including a sale of its assets. The company is in talks with the FDIC. “Closely held Taylor Bean does business across the U.S. through [...]
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(August 24th, 2009 under Fun Stuff )
On the show “Who Wants to be a Millionaire”, Kevin Basin was asked what Lyndon B. Johnson’s favorite drink was. “According to the show, LBJ had four buttons installed in the Oval Office so he could order his favorite beverages on demand. The buttons included “coffee, ” “tea,” “Coke,” and “Fresca”- not Yoo-hoo, which was [...]
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(August 21st, 2009 under Economic News , US Economy )
Two interesting and unrelated moves by Russia and China are being reported today by the BBC. China, the largest holder of US debt, has reduced its holdings of US securities by 3% in July (25 billion). However, note that China’s overall holdings of US debt are 7% higher than they were in January of this [...]
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(August 20th, 2009 under Announcements, Fun Stuff )
I had the privilege to attend the Paul McCartney concert at the new “Cowboys” stadium last night. I had no expectations as I knew from having heard other “aging rockers” what can happen to the singing voice over the years. But I am here to report that it was a wonderful experience; McCartney’s voice was [...]
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(August 18th, 2009 under Automobile Industry )
July was another down month for new car sales even in North Texas which has had a strong resilience to the current economic recession. “Denton County dealers had the best performance, with sales down only 17.3 percent. Sales were down 35.5 percent in Tarrant County, 33 percent in Collin County and 40.6 percent in Dallas [...]
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(August 18th, 2009 under Announcements, Articles and Papers )
…in the drive through line to get your Chick-fil-A and the Bentley is too big to fit around the turn and gets stuck, don’t honk; don’t get out and for goodness sakes don’t get into a fight with the driver and his two sons! “[A]bout 11 a.m. Saturday, a couple received their order from the [...]
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(August 17th, 2009 under Announcements, Automobile Industry )
The battle between Porsche and VW has been a heated one, between distant but closely tied cousins no less. Perhaps only those of us who remember the Ewing clan of the TV show Dallas can truly appreciate this one! Previously blogged, Porsche tried to take over VW, failed and now VW is taking over Porsche. [...]
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