| Is shorting your competition legal?Let's say you own a biotech and discovered a cure for aids. Can you use this material non-public info to short other publicly traded pharmas and biotechs also working on HIV drugs?
Sorry if this is a naive question, CFA L1 didn't cover anything like this.|| 2 years 3 months|
| Getting in the ground floor...not.[quote]A bankrupt electronics retailer appears to have gotten caught up in the investor fervor for Twitter.
Shares of Tweeter Home Entertainment Group Inc. rose as high as 15 cents Friday. That’s up 1,400 percent from Thursday’s closing price of 1 cent.
The Financial Industry Regulatory...|| 2 years 4 months|
| Detroit’s Creditors Asked to Accept Pennies on...[quote]The emergency manager who was sent to reverse the fortunes of this financially troubled city asked some of its creditors on Friday to accept pennies on the dollar as he laid out his plan for tackling Detroit’s staggering debt, kick-starting negotiations that could determine whether the city...|| 2 years 7 months|
| Can't wipe your butt in this socialist...http://www.bloomberg.com/news/2013-05-17/89-year-old-hunts-for-toilet-paper-as-shortages-crimp-venezuela.html
Encarnacion Rivas, an 89-year-old Venezuelan retiree, had to traipse around a half dozen stores in Caracas on her search for toilet paper as dollar shortages in South America’s...|| 2 years 8 months|
| New Legal Challenge to ObamacareI just read up on an interesting new suit against Obamacare making the rounds. Couldn’t find it on WSO so thought I’d post on it.
So last year the Supreme Court mandated that Obamacare is a tax, and is therefore constitutional. However, the Origination Clause of the Constitution mandates that "...|| 2 years 9 months|
| $22/hr min wage. Now liz warren is NOT just...http://www.washingtontimes.com/news/2013/mar/18/sen-elizabeth-warren-raise-minimum-wage-22-hour/print/|| 2 years 10 months|
| Al Jazeera Buys Al Gore’s Current TVhttp://www.bloomberg.com/news/2013-01-03/al-jazeera-news-network-acquires-current-tv-to-expand-in-u-s-.html
Al Jazeera has bought Al Gore’s progressive media corporation. For those of you who thought the programming on that channel couldn't get any worse, think again.|| 3 years 1 month|
| Hollywood hypocrisy at its finestJust saw this posted on GSelevator|| 3 years 1 month|
| Should the rich prefer higher a tax rate instead...It is seems pretty inevitable that the “rich” (however you define them) are gonna have to pay higher taxes, cause we live in a democracy and the majority of citizens want this and the trend is not going end anytime soon. Some republicans say we should close tax loopholes and deductions that the...|| 3 years 1 month|
| New financial product (or dumb idea/not a new...The fact that folks are paying negative yields for US debt (and the debt of swiss/germans/etc) seems absurd, especially given that most gov’t debt is a huge time bomb. Obviously some folks need these as collateral for financial transactions. But the bulk of these are held by short- and long-term...|| 3 years 6 months|