Category Archive: Uncategorized

Nov 26

SEC’s Shapiro quits

Mary Schapiro announced today that she will step down December 14, 2012 as chairperson of the Securities and Exchange Commission (SEC). Her five-year term does not expire until January 2014, although it was widely speculated that she would resign after the election. President Obama immediately announced that he is appointing existing SEC Commissioner Elisse Walter as …

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Permanent link to this article: http://betweenthenumbers.net/2012/11/secs-shapiro-quits/

Sep 12

Whistleblower Emerges From Jail and Collects Over $100 Million Reward

Despite prior criticism that the IRS hasn’t been properly paying under it’s whistleblower reward program (discussed here), it recently awarded a record amount  of $104 million to Bradley Birkenfeld.  The reward derived from information he provided leading to the 2009 agreement by UBS to pay $780 million in fines, penalties, interest and restitution related to allegations that …

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Permanent link to this article: http://betweenthenumbers.net/2012/09/whistleblower-emerges-from-jail-and-collects-over-100-million-reward/

Jul 07

Bullseye

In some respects I’m feeling pretty justified by last week’s Supreme Court ruling on the Individual Mandate.  That is because eighteen months ago I said that commentators were pushing aside the very real likelihood of it being justified under the taxation clause of the constitution.  That prediction got me more than a little ridicule in some online …

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Permanent link to this article: http://betweenthenumbers.net/2012/07/bullseye/

May 03

California’s New High Speed Rail Plan One Step at a Time

The California High Speed Rail Commission has approved a new 2012 Business Plan that sets a revised and more realistic plan for the nation’s first genuine high speed rail line. The revised plan did little to placate the most ardent critics of the rail measure.  There is a segment in American politics that holds as …

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Permanent link to this article: http://betweenthenumbers.net/2012/05/californias-new-high-speed-rail-plan-one-step-at-a-time/

Oct 03

Proceed with caution — adjustable rate mortgages gain new life

Mortgage rates are low. Absurdly low. They are lower today than at any time during the 1970’s, 1980’s, and 1990’s. In fact, they’re lower today than they were at any time during the huge run up in housing prices — fueled by historically low mortgage rates — that ended in 2006. Today many borrowers are …

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Permanent link to this article: http://betweenthenumbers.net/2011/10/proceed-with-caution-adjustable-rate-mortgages-gain-new-life/

Sep 20

Ever heard of “Qwikster”? Netflix makes a dreadful business decision.

In the film “O Brother Where Art Thou?”, one memorable scene has the smooth-talking, escaped convict Everette (George Clooney) offer circular justification for stealing a pocket watch. Everette’s fellow-escapee, Pete, hears out the reasoning before declaring with annoyance and disgust, “That don’t make no sense!” I had a reaction similar to Pete’s upon reading the …

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Permanent link to this article: http://betweenthenumbers.net/2011/09/ever-heard-of-%e2%80%9cqwikster%e2%80%9d-netflix-makes-a-dreadful-business-decision/

Sep 12

In Lieu of Flowers…Social Security Sends $$

There is significant and valid concern over the government’s ongoing ability to maintain Social Security payment commitments.  Given these issues, one might reasonably expect the Social Security Administration to safeguard the existing assets.  Guess again. The Social Security inspector general estimates that $40 million was paid out to deceased beneficiaries.  These erroneous payments did not …

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Permanent link to this article: http://betweenthenumbers.net/2011/09/in-lieu-of-flowers%e2%80%a6social-security-sends/

Jun 20

Ninth Circuit Allows Professional Exemption to extend to unlicensed workers

In Campbell vs. PricewaterhouseCoopers LLP, Case No. 09–16370 (June 15, 2011), the Ninth Circuit interpreted California law affecting whether unlicensed employees could be exempt (meaning salaried). The Ninth Circuit overturned a District Court ruling that held that unlicensed workers must be paid as an hourly worker under California law. The opinion has importance to a …

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Permanent link to this article: http://betweenthenumbers.net/2011/06/ninth-circuit-allows-professional-exemption-to-extend-to-unlicensed-workers/

Feb 28

Convergence of factors are making judgeships harder to come by

In today’s economy, many high profile and high paying jobs are facing a unpleasant outlook.  In many scenarios, this occurs because technological advances render the position obsolete or there is an opportunity to outsource the work to lower cost labor overseas.  These are the costs of progress and international trade.  However, there are also some …

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Permanent link to this article: http://betweenthenumbers.net/2011/02/convergence-of-factors-are-making-judgeships-harder-to-come-by/

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