Frontrunning: November 26

M&A Mystery: Why Are Takeover Prices Plummeting? (WSJ) Hedge-Fund Fight Club Traded Illegal Tips Not Punches (BBG) Speed Traders Meet Nightmare on Elm Street With Nanex (BBG) A new wave of U.S. mortgage trouble threatens (Reuters) Penny Lane: Gitm… [...]

Frontrunning: November 20

JPMorgan $13 Billion Mortgage Deal Seen as Lawsuit Shield (BBG) J.P. Morgan Is Haunted by a 2006 Decision on Mortgages (WSJ) World powers, Iran in new attempt to reach nuclear deal (Reuters) Keystone Foes Seek to Thwart Oil Sands Exports by Rail (BBG)… [...]

Frontrunning: November 19

J.P. Morgan, U.S. Reach Historic Settlement (WSJ) OECD cuts global growth forecast (AP) Guess the profit margin: Wal-Mart Touts $98 TV as Holiday Seen Weakest Since 2009 (BBG) Republicans defy threat, block another Obama judicial pick (Reuters) Fed Po… [...]

Frontrunning: November 14

Yellen to defend Fed’s ultra-easy monetary policy (Reuters) Japan growth slows on global weakness (WSJ) Eurozone third-quarter growth falters (FT) Fed Debates Its Low-Rate Peg (Hilsenrath) Yellen: Economy Still Needs Fed Aid (WSJ) ‘Obamacare’ laun… [...]

Frontrunning: November 11

Philippines Left Reeling in Wake of Storm (WSJ) Khamenei controls massive financial empire built on property seizures (RTRS) Race to Bottom Resumes as Central Bankers Ease Anew (BBG) U.S. Postal Service to deliver Amazon packages on Sundays  (LA … [...]

Frontrunning: October 17

Congress Vote Ends Impasse to Be Revisited in January (BBG); Congress Passes Debt, Budget Deal (WSJ) House GOP extracts no concessions (Politico) Washington becomes the biggest risk to the U.S. economy (Reuters) Debt Deal Seen Boosting U.S. Consumers … [...]

Frontrunning: September 4

Yes: Support Builds in Congress for U.S. Strike Against Syria (WSJ) No: Boehner backs Obama on Syria, but House leaning toward ‘no’ (The Hill) U.S. Congress fight over Syria pits establishment versus upstarts (Reuters) Wednesday humor: Japan’s A… [...]

Frontrunning: July 1

Pretty much as expected from George W. Bush: Edward Snowden ‘damaged’ security (Politico) Gotta love the Keynesian-Monetarist religion: True ‘Bullievers’ Are Still Sweet on Japan (WSJ) Canadian Takes Reins at Bank of England (WSJ) Egypt streets qu… [...]

Frontrunning: June 3

BIS lays out “simple” plan for how to handle bank failures (Reuters) – Are we still holding our breath on Basel III? Deficit Deal Even Less Likely – Improving U.S. Fiscal Health Eases Pressure for a ‘Grand Bargain’ Amid Gridlock (WSJ) IRS Faulted on C… [...]

Senate Passes Online Sales Tax Bill

As previewed previously, one half of the hurdle to enforce a universal online US sales tax has now been crossed, with the Senate voting moments ago to pass a Wal-Mart backed bill 69-27 allowing states to collect taxes on out of state Internet and catal… [...]