Monthly Archive: August 2012

Aug 31

Why News Coverage of Polls is Even Worse than the Polls Themselves

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Recently a major national news site contained the headline ‘polls show race still close in swing states’.  Of course they are close!  If they aren’t close then they wouldn’t be the swing states, would they? The real bias in the media is a bias toward attention getting stories.  This manifests itself as a bias toward …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/why-news-coverage-of-polls-is-even-worse-than-the-polls-themselves/

Aug 30

Apple v. Samsung Case Will Spark Innovation

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With the recent court decision upholding Apples patents, some are worried that Apple will have a relative monopoly over the mobile phone market.  While this might be a valid concern in the short-term, it will likely lead to innovation in a new and exciting direction.  It should cause mobile phone makers to stop chasing the …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/apple-v-samsung-case-will-spark-innovation/

Aug 29

The Apple-Samsung Verdict: What Does Apple ‘Own’ and What Will They Do With It.

If anyone hoped that the Apple-Samsung verdict would bring the end to legal battles and certainty to the future of the smartphone industry they were naive.  If anything they have entered a new and even more complex stage. Some next steps are certain.  Apple will ask the judge to triple the damages because the jury …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/the-apple-samsung-verdict-what-does-apple-own-and-what-will-they-do-with-it/

Aug 28

One small step for Apple, one giant leap for Patent Law

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The verdict in the Apple v. Samsung case has been returned: a huge victory for Apple. Jurors have decided that Samsung violated Apple’s patents and awarded Apple $1.051 billion in damages. This is a tremendous blow to Samsung’s hold in the mobile phone market, just as it was showing dominance over Apple in market share. …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/one-small-step-for-apple-one-giant-leap-for-patent-law/

Aug 26

Money market funds are not currently a great investment idea, with or without new regulation

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Late last Wednesday, SEC Chair person Mary Shapiro announced that the SEC was dropping its proposals to add additional regulation to money market funds.  Ms. Shapiro acknowledged that she could not obtain support from a majority of the SEC commissioners. The money market fund sponsors are celebrating. The celebration may be short lived.  In her …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/money-market-funds-are-not-currently-a-great-investment-idea-with-or-without-new-regulation/

Aug 25

Fed insanity appears to continue

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In a recent blog post found here, I warned that more monetary accommodations by the Fed (e.g., “QE3”, “Operation Twist”) may be coming soon. Most economic indicators that the Fed follows to determine its monetary policies either stayed the same or got worse since this last June post. The Fed had its most recent meeting …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/fed-insanity-appears-to-continue/

Aug 24

IRS not collecting massive taxes from Medicaid providers

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A July 2012 report from the Government Accountability Office (GAO) found that the IRS could collect massive additional taxes by offsetting payments that federal government is making to these same people/companies. The full amount of uncollected taxes is not known because the report covers only three states, and not all periods. The GAO report concludes: …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/irs-not-collecting-massive-taxes-from-medicaid-providers/

Aug 23

Another example of IRS Mismanagement

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Fraudulent Individual Taxpayer Identification Numbers (ITINs) are used to obtain illegal and fraudulent tax refunds. This occurs under our current tax code because of the number of refundable credits that currently exist. For an example and additional explanation, see Audit Report Discloses $4.2 Billion Annually Is Paid To Illegal Aliens through A Refundable Tax Credit, …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/another-example-of-irs-mismanagement/

Aug 22

My Rx for Best Buy

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On Monday August 20th, Best Buy announced that they would bring in Carlson CEO Hubert Joly to run the company after negotiations with co-founder Richard Schulze to take the company private broke down. Investors, who were likely hoping for a quick cash-out from the deal, punished the stock by ten percent even though Joly has …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/my-rx-for-best-buy/

Aug 21

Standard Charter Bank Still In Trouble over Iranian Money Laundering Fraud

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In a quick settlement over Iranian-related illegal conduct, Standard Chartered Bank (SCB) agreed on August 14 to pay $340 million in a settlement with the New York State Department of Financial Services (DFS). The DFS settlement allows SCB to continue operating in New York, but requires an on-site monitor who will report directly to DFS …

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Permanent link to this article: http://betweenthenumbers.net/2012/08/standard-charter-bank-still-in-trouble-over-iranian-money-laundering-fraud/

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