The Telecommunications act of 1996 required local phone companies, such as SBC Ameritech to open up their networks to competition. Ameritech has found some creative ways to evade complying with the law.More...
After our experience with SBC/Ameritech, there are a few things that should happen in the Telecommunications industry. The first step would be vigorous enforcement of the laws that are currently on the books. Another helpful step would be encouraging real competition in the market place.More...
I took a third and hopefully final business trip, this time to Atlanta last week. I managed to get a rental car from hell, courtesy of Dollar Rent a car. It was once again, a Dodge Intrepid.More...
My friend Steve Goodman likes to say two factors drive the stock market. Greed and Fear. At the height of the technology bubble, many people would pay any price for technology stocks. They had to be in. That was greed. Now the market is gripped by fear.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
The
rest of the article.