Last week, the Dow lost 700 points, around 8% of its value. There is a crisis of confidence on Wall Street that not even George W. Bush can change with a speech. In spite of impending congressional action, this is something that investors will simply have to wait out.More...
The Senate's Transportation committee, in a bid to keep the status quo voted against moving the Coast Guard and Federal Emergency Management Agency (FEMA) into the new Homeland Security department. The vote which can be later be reversed reflected the complex relationship where our representatives are more interested in protecting their constituencies than making us secure.More...
When the investment world seems on the edge of implosion, Dell Computer reminds us that even in these terrible economic and market conditions, a well run company can prosper. Late last week, Dell announced that earnings would be at least a penny over prior estimates. Dell stood alone among computer makers with any kind of promising news. In the weeks head there have been a slew of warnings from Chipmakers and every software maker other than Oracle and Microsoft.More...