CNBC’s Melissa Francis inadvertently ticked off one of the lovely OPEC ministers she was pointlessly attempting to interview by referring to the organization as a “Cartel“. Melissa shouldn’t apologize, she was right on the money… From Wikipedia: A cartel is a counterfeit agreement among industries. It is an informal organization of producers that…
CNBC
Update: Ackman/ Target
William Ackman, the man behind Pershing Square‘s activist battle with Target (TGT), appeared on CNBC this morning and did a reasonably good job at explaining his reasons for his challenge to the company. He did make some compelling arguments regarding the lackluster backgrounds of some of the existing board members and management’s own non-history of…
Goodbye Bill Seidman
[youtube=http://www.youtube.com/watch?v=_91pCe2jgHU] Bill Seidman passed away yesterday. Rather than attempt to write up an obit without any new details of the man’s extraordinary career or service to his country, I thought I’d show you how good and sharp he was as a market commentator. The above video shows Bill Seidman doing what he did best…being insightful…
Warren & Becky Sittin' In A Tree…
It’s springtime, so that can only mean one thing…yes, Becky Quick is in position for another Berkshire Hathaway Annual Shareholders Meeting in Omaha. Let the lovefest begin. As sure as the Swallows return to Capistrano each year, Becky and her camera crew will show up for their standing hotel reservation deep in the heart of Buffett…
Hot Links: CNBC, Positivity, Thomas Weisel & Credit Cards
Hot Links for Weekend Reading Ever wondered what CNBC actually stands for? Its their 20 year anniversary, so check out The Business Insider (the old Clusterstock) for the answer and amaze your friends and co-workers! Also on TBI, James Cramer breaks his silence on his appearance with The Daily Show’s Jon Stewart. Twas an ambush….
A Day in the Life: Hank Greenberg
A Day in the Life of Maurice “Hank” Greenberg 7:00 am: Wake up. CD alarm clock plays “It’s All Over Now” by The Rolling Stones. 7:05 am: Mutters “wasn’t my fault” on the way into the shower. 7:30 am: Breakfast, includes 2 egg whites, one half grapefruit, one heaping bowl of Gorilla Munch cereal (from…
One Year Later: The Fall of Bear Stearns
It was a day many on The Street will never forget and in many ways, we probably shouldn’t. The events of March 17th 2008 will forever be a reminder to me that no one is too big, wealthy, established or smart to fail. The night before, on March 16th, a Sunday, the details about…
TMI, Warren Buffett, TMI.
Are you kidding me with this guy? Get off the TV already! Enough! Is it me or has Warren Buffett made more television appearances lately than Ryan Seacrest? Today was a full court press with Warren on CNBC more than Erin Burnett. They asked him like 90 questions, he even sat there while they dissected…
NYT: CNBC is on a War Footing
Fairly objective article in the New York Times describing how CNBC can actually make hay while the sun is not shining: “this is CNBC’s equivalent of a war. Just as the first cable news channel, CNN, rose to prominence during the gulf war in 1991, and another one, the Fox News Channel, became a ratings…
Hot Links: LOLFed, Bailout Nation & Bill Singer
Hot Links for Weekend Reading I confess, I am now officially a LOLFed junkie. This week, they gave us the NYSE’s new Dollar Menu, featuring items like Citigroup, Pier 1 and Vonage. Alyx, you rule. The week started with another bombshell (non) earnings report from AIG, the hedge fund that happens to be attached to…
