Monthly Archive: August 2011

Aug 16

The Battle of Red

Christian Louboutin, the French footwear designer, is currently battling rival Yves Saint Laurent (“YSL”).  The battle stems over Louboutin’s signature design element on all his shoes, the scarlet red outsole.  Louboutin filed a lawsuit against YSL, which the court recently kicked out.  Louboutin claims that its red sole is a trademark and cannot be used …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/the-battle-of-red/

Aug 15

Surprise! – U.S. Chamber of Commerce seeks more government control over SROs

A surprising call for additional government regulation occurs in a report entitled “The Unfinished Agenda”. The U.S. Chamber of Commerce states that Congress should have (but did not) alter the existing regulation of so-called self-regulatory organizations (SROs) as part of its recent changes in financial regulation passed through the Dodd-Frank Act. The Chamber of Commerce …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/surprise-%e2%80%93-u-s-chamber-of-commerce-seeks-more-government-control-over-sros/

Aug 12

First-ever SEC deferred prosecution agreement is hardly a “game changer”

Deferred prosecution agreements have been used by the Department of Justice for criminal matters for years. There, avoiding criminal prosecution, potential imprisonment for employees, and potential effects on licensing or other regulatory requirements make such agreements highly advantageous. But the advantage of a deferred prosecution with the SEC involving civil penalties is less clear. When …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/first-ever-sec-deferred-prosecution-agreement-is-hardly-a-%e2%80%9cgame-changer%e2%80%9d-2/

Aug 12

First-ever SEC deferred prosecution agreement is hardly a “game changer”

Deferred prosecution agreements have been used by the Department of Justice for criminal matters for years. There, avoiding criminal prosecution, potential imprisonment for employees, and potential effects on licensing or other regulatory requirements make such agreements highly advantageous. But the advantage of a deferred prosecution with the SEC involving civil penalties is less clear. When …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/first-ever-sec-deferred-prosecution-agreement-is-hardly-a-%e2%80%9cgame-changer%e2%80%9d/

Aug 11

Time to consider other appraisal methods? Answer is blowin’ in the wind.

Since Bob Dylan is still singing (or something like that), he might want to dig up his early hit “Blowin’ in the Wind” and add a new line. Something to the effect of “How many foreclosures will it take ‘til banks consider other appraisal methods.”  I’ll let Mr. Dylan worry about making the line sound …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/time-to-consider-other-appraisal-methods-answer-is-blowin%e2%80%99-in-the-wind/

Aug 10

Decline in Las Vegas Weddings Costs Clark County $2 Million

Las Vegas has always been a hot spot for “quickie” weddings because Clark County does not require blood tests or have a waiting period.  But the recent downturn in the economy has even extended to Las Vegas chapels.  Couples have postponed taking their vows or have decided not to get married at all.  Diana Alba, clerk …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/decline-in-las-vegas-weddings-costs-clark-county-2-million/

Aug 09

Embezzlement at the House of Twain

Longtime employees are often loyal individuals who enjoy their job.  However, this broad generalization may cause employers to elevate the level of trust put in such employees and fail to protect themselves from someone who knows the business so well that they know just how to exploit it. Regardless of the relationship you think you have …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/embezzlement-at-the-house-of-twain/

Aug 08

The ADAAA’s unintended consequence on the federal budget

Serious disagreements exist as to how to “solve” the “debt crisis”. Actually, the debt is simply the result of budget deficits, so the real challenge involves a mismatch between spending and taxes. The federal entitlement program that will go broke first is getting almost no press – namely Social Security Disability Insurance (SSDI). SSDI is …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/the-adaaa%e2%80%99s-unintended-consequence-on-the-federal-budget/

Aug 06

What Did S&P Actually Downgrade?

Late on Friday, August 5th, Standard and Poor’s changed their rating on long term US government debt from AAA to AA+.  The move puts S&P in disagreement with Moody’s, which had reaffirmed their highest rating for the US shortly after the debt ceiling deal.  It also occurred despite the administration’s position that there was a trillion dollar error …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/what-did-sp-actually-downgrade-2/

Aug 06

What Did S&P Actually Downgrade?

Late on Friday, August 5th, Standard and Poor’s changed their rating on long term US government debt from AAA to AA+.  The move puts S&P in disagreement with Moody’s, which had reaffirmed their highest rating for the US shortly after the debt ceiling deal.  It also occurred despite the administration’s position that there was a trillion dollar error …

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Permanent link to this article: http://betweenthenumbers.net/2011/08/what-did-sp-actually-downgrade/

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