The Obama administration plans to use capital injections as an incentive to get U.S. banks to sell distressed securities to investors. The private investors will also get federal loans to buy the assets, in a two-pronged strategy intended to revive ...
Read More »8th U.S. Circuit Court of Appeals
Civil practice Removal; amount in controversy 08-2458 James Bell, Plaintiff-Appellee, v. The Hershey Company; Mars, Inc.; Masterfoods USA; Nestle USA; Cadbury Adams USA, LLC, Defendants-Appellants Appeal From: U.S. District Court for the Southern District of Iowa Submitted: Jan. 15, 2009 ...
Read More »‘Manchurian candidate’ starts war on business
Back in the 1960s, Lyndon Johnson gave us the War on Poverty. In the 1970s, Richard Nixon launched the War on Drugs. Now that we have seen President Barack Obama’s first-year legislative agenda, we know what kind of a war ...
Read More »Wells Fargo, BofA loan values are a scary sight
The more the big banks lift their skirts, the scarier their dwindling capital starts to look. Perhaps never before have so many banks’ balance sheets been so patently full of hot air. Bank of America Corp. last week disclosed that ...
Read More »Depression dynamic ensues as markets revisit 1930s
The U.S. economy’s vital signs may not confirm a diagnosis of depression. The symptoms increasingly point to one. As in the Great Depression, world trade is collapsing, wealth is evaporating and the banking system is broken. Deflation is a growing ...
Read More »Carbon-trading may be combined with other measures
Democratic leaders in Congress may seek to remake U.S. energy policy in a single stroke by bundling President Barack Obama’s carbon-trading and renewable-electricity initiatives into one comprehensive measure. House Speaker Nancy Pelosi of California said last week that she wants ...
Read More »Obama’s need for speed trumps risk of agenda overload
After his landslide electoral victory in 1964, President Lyndon Johnson acted urgently because his power would wane with time. “This honeymoon won’t last,” Johnson said to aide Jack Valenti. “Every day I lose a little more political capital. That’s why ...
Read More »Nobody says mark to market doesn’t matter as GE falls
For more than a decade General Electric Co. could easily avoid disclosing the value of its real estate and business loans. Not any longer. Since Jan. 2, GE has lost 54 percent on the New York Stock Exchange, mostly because ...
Read More »Missouri Court of Appeals Southern District
Workers’ compensation Occupational disease; notice SD29311 Allen Allcorn, Claimant-Appellant, v. TAP Enterprises Inc. and Travelers Commercial Casualty Co., Respondents-Respondents Appeal From: The Labor and Industrial Relations Commission Handdown Date: 2/26/2009 Opinion Author: Judge Gary W. Lynch Opinion Vote: Judges Burrell ...
Read More »Missouri Court of Appeals Eastern District
Missouri Court of Appeals Eastern District Criminal law Double jeopardy; robbery charges ED46436-01 State of Missouri, Respondent, v. Christopher X. Bohlen, Appellant Appeal From: St. Louis County Circuit Court Handdown Date: 3/3/2009 Opinion Author: Judge Patricia L. Cohen Opinion Vote: ...
Read More »Missouri Court of Appeals Western District
Missouri Court of Appeals Western District Criminal law Second-degree assault; DWI WD69152 State of Missouri, Respondent, v. Mark A. Royal, Appellant Appeal From: Jackson County Circuit Court, Judge James D. Williamson, Jr. Handdown Date: 3/3/2009 Opinion Author: Judge Thomas H. ...
Read More »