Good, Bad, and Ugly

He wasn’t rescued…

February 24, 2009

Stanford surrenders passport, Antigua units seizedAlso, a federal judge presiding over the Stanford case, U.S. District Judge Reed O’Connor, was rescued because a relative has “substantial” Stanford holdings, according to a court filing.I am hoping that the judge was not ‘rescued’ as that suggests that somehow he’s getting ‘his’ money back. I suspect it was supposed to be ‘recused’.A.M.A number of readers noticed that one, which was a combination of spellcheck and human error. We corrected: GBU Editor

Texan billionaire Allen Stanford talks during an interview in Miami in a 2008 file photo. REUTERS/Joe Skipper

Kosher cookbook?

February 18, 2009

Madoff’s wife withdrew funds on eve of his arrest

Ruth Madoff, the co-author of a kosher cookbook, has drawn attention from prosecutors who tried unsuccessfully to have her husband’s bail revoked.

Not 30 countries…

G30 says broken financial system needs fixing

NEW YORK, Jan 15 (Reuters) – The Group of 30 countries on Thursday called for changes in international financial regulation to help avoid future meltdowns, but its recommendations were vague and non-binding.

Was it a plummet?

Retailers’ holiday sales plummet

NEW YORK – Retailers’ sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather…

Pore no more…

French Madoff investor found dead in NY office A receiver has been appointed to oversee Madoff’s firm, while investigators pour over masses of documents and conduct interviews to assess the losses and probe whether anyone else was involved. Pour is misspelled; in this context the word is ‘pore’

Simon S.

Lot of credit cards…

Banks, consumers brace for new US credit card rules

In 2007, Americans were using an estimated 694.4 billion credit cards with Visa, MasterCard, American Express and Discover logos, according to the Card Industry Directory.

Oprah’s empire

December 7, 2008

Oprah named entertainment’s most powerful woman

Winfrey’s production company, Harpo Inc., made $345 million last year. She overseas an empire that includes her TV show, a magazine and an online store.

For Whom the Bell Tolls…

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And now a personal note. This will be the last editor’s message in the Before the Bell news mail, although you’ll still get an automated mailing of the top business and economic stories.

Bad headline?

House prices fall to 30-year low

house-prices-240.jpgLONDON (Reuters) – The decline in house prices accelerated in September and sales fell to the lowest level in at least 30 years, a survey showed Tuesday, in a sign the housing market slump may have some way to go yet.

Injecting an error?

Selling frenzy persists, Dow down 25 pct in Oct

In U.S. equities, the Dow Jones slid as much as 8 percent to break below 8,000 for the first time since April 1, 2003, and bringing its losses for the week to more than 20 percent. Morgan Stanley, the No. 2 independent investment bank, plunged 37 percent on doubts that a planned $9 billion cash infection from Japan’s Mitsubishi UFJ Financial Group Inc would be enough to enable it to ride out the current crisis.