Direct posting sites for George Soros lectures at the Central European University in Budapest and at The Financial Times. Soros calls Wall Street profits “GIFTS FROM STATE.”

I thought you might be interested to know that George Soros is delivering a series of lectures in Budapest at Central European University starting yesterday, October 26th. In the lectures, Soros discusses his philosophical theories in general and specifically as they pertain to the economic crisis, regulatory reform, finance, politics, open society, and a host of other subjects. Monday, October 26 – General Theory of Reflexivity Tuesday, October 27 – Financial Markets Wednesday, October 28 –

Asian markets rise, shrugging off Wall Street fall as SKorea reports fastest growth in 7 years

Asia markets rise as SKorea reports faster growth BANGKOK ? Asian markets mostly rose Monday, shrugging off a fall on Wall Street as South Korea’s fastest growth in seven years underscored the region’s strengthening economic recovery. U.S. stocks faltered on Friday as investors dumped stocks and locked in profits after the glow of a week full of [...]

Real quick: was your vote last November primarily due to corporations?

(H/T: Big Government ) As in, you hated them (and lobbyists) with the passion of a million burning suns, you wanted them broken, and you decided that your guy would wash the Washington stables clean? Yeah. About that. From the Wall Street Journal : Raising taxes on the overseas profits of American firms has been a central plank of Barack Obama’s agenda since his campaign for President in 2008. The proposal was featured in the President’s budget in February and was the focus of a May spe

Whirlpool’s Results Good and Bad

Rollover USA-401K Rollover to IRA is a post from: Rollover USA-401K Rollover to IRA Appliance maker Whirlpool has posted third quarter results that managed to beat Wall Street estimates, even though these estimates were conservative predictions based on Whirlpool’s timid guidance. Even then, Whirpool’s increase in profits came together with a decrease in revenue, which can only mean that cost-cutting measures created the profit. In the last quarter, Whirlpool was forced to shut down an Evans

Soros calls Wall St profits ‘gifts’ from state

The big profits made by some of Wall Street's leading banks are hidden gifts from the state, and taxpayer resentment of such companies is justified, George Soros, the fund manager, said in aninterview with the Financial Times.Those earnings are n ...

SanDisk Posts 3Q Profits off Higher Sales

Memory device maker SanDisk Corp. has a posted a surprisingly strong third-quarter profit after experiencing a period of unexpectedly high sales and income from previously written-down inventories. While the market for memory products went through rough times at the height of the economic downturn, companies like SanDisk have been enjoying an upturn in demand for their products. SanDisk’s results prompted an 11 percent rise in the company’s shares, sending the value up to $23.81 in after-hours

Apple profit climbs 47% on iPhone and Mac Sales

(ChattahBox) — Apple blew away Wall Street’s expectations with a fiscal fourth-quarter report (that ended Sept. 26) where profits surged 47% and revenues climbed 25% fueled by record sales of the iPhone and Macintosh computer sales. Unit sales of iPhones rose 7 percent and Macintosh computer shipments jumped 17 percent. Overall profit increased to a record $1.67 billion, or $1.82 a share, from $1.14B or $1.26 a share, shattering the Wall Street consensus forecast of $1.42 and posting its secon

Apple blows away expectations with record $1.67 billion profit

Steve Jobs iPod maker Apple surprised Wall Street today by announcing record breaking sales and profits. Guardian.co.uk Thanks to the highest ever sales of its iPhone handsets and Mac computers, Apple posted profit of $1.67bn (£1bn) for the last three months based on sales of almost $10bn (£6bn). That marks a 46% increase in profit over the same period last year, when the company made $1.14bn (£695m) on revenues of $7.9bn (£4.8bn). Chief executive Steve Jobs – who returned to the

Dow Jones average approaches 10,000

Will the Dow Jones industrial average finally get back above 10,000 today? The banking and technology sectors are doing their best to see that it does. The Dow pushed to within nine points of 10,000 thanks to blockbuster earnings this morning from JPMorgan Chase Co., and better-than-expected profits from Intel Corp. after the market closed Tuesday. As of 8:30 a.m. Pacific time, the Dow was up 115.86 points, or 1.2%, to 9,986.92. JPMorgan shares were up 3.6% and Bank of America Corp. had

Marx and Lenin Revisited

by Paul Craig Roberts ForeignPolicyJournal.com If Karl Marx and V. I. Lenin were alive today, they would be leading contenders for the Nobel Prize in economics. Marx predicted the growing misery of working people, and Lenin foresaw the subordination of the production of goods to financial capital’s accumulation of profits based on the purchase and sale of paper instruments. Their predictions are far superior to the “risk models” for which the Nobel Prize has been given and are closer t

Next Page »