Clemens v. McNamee: Who’s Lying?
Business Common Sense: “The Pinocchio Toy”
Transcript of the Clemens-McNamee Congressional Committee Hearing
The Dektor PSE® 5128 Psychological Stress Evaluator:
Key Takeaway point from the original story: Pre-Internet business models may be worth resurrecting and testing using the Web instead of print.
Closing the Loop on 2007
This e-zine focuses on people, corporations and countries whose actions have implications for all of us in business and life. I tell people that what I do is connect dots.
During the last three weeks, a blizzard of new information has come out that updates several of the most important stories:
Subprime Mortgage Mess
One of the sidebar stories from the Subprime mortgage debacle is the possibility that municipal bond insurers could collapse.
Business Common Sense: “The Secrets of Successful Investing”
This month, financier Warren Buffett offered an $80 billion rescue package, putting up $5 billion of his own. However, Buffett announced he would relieve these niche insurers only of their obligation to safeguard municipal bonds—which never default—thus leaving MBIA, Ambac and Financial Guaranty Insurance Co. to twist in the wind with a trillion-dollar sword of Damocles of high-risk loans hanging over their heads. Warren Buffett is one canny dude, which is why he is so rich.
“Warren the Munificent”: http://online.wsj.com/article/SB120294829488866761.html
Key Takeaway Point from the original story: “Never invest in any idea you can’t illustrate with a crayon.” —Peter Lynch
Our Journey by Rail
In October, my wife, Peggy, and I took the overnight train from Washington, D.C., to Chicago for the DMA Conference, and I waxed ecstatic over the joys of rail travel, its efficiency as a mode of transportation and the sad state of America’s railroads.
Business Common Sense: “17 Hours in the Real America”
Happy news! A page-one story in The Wall Street Journal detailed how $10 billion has been spent since 2002 to expand tracks, build freight yards and buy locomotives, with another $12 billion in upgrades planned. —“New Era Dawns for Rail Building”: http://online.wsj.com/article/SB120179835382432337.html