Mar 09
Twenty years is a long time to keep a Ponzi scheme going, but it finally caught up with R. Allen Stanford, the Texas tycoon who was recently convicted on 13 of the 14 counts brought against him. Stanford, previously among America’s wealthiest with an estimated net worth of $2 billion, now faces more than 20 years …
Permanent link to this article: https://betweenthenumbers.net/2012/03/another-ponzi-scheme-conviction/
Mar 07
The Federal Trades Commission (FTC) released its annual report of consumer complaints (See entire report here). The study indicated that more than 1.8 million complaints were received in 2011, which was a 24 percent increase from 2010. The following are the top 10 types of complaints received by the FTC in 2011: Rank Category …
Permanent link to this article: https://betweenthenumbers.net/2012/03/ftc-releases-annual-report-of-consumer-complaints/
Mar 06
In California multiple (usually defense-oriented) articles are being published about the importance of a class action trail reversal in re: Duran v. US Bank National Association, California Court of Appeal, 1st Appellate Dist., (February 6, 2012). The articles incorrectly claim that statistical sampling cannot be used to prove liability in a class action case. The …
Permanent link to this article: https://betweenthenumbers.net/2012/03/duran-class-action-reversal-not-near-as-important-as-suggested/
Mar 03
The Baltic Dry Freight Index (BDI) is considered a leading economic indicator by economists and investors. The Index measures the daily shipping rates for commodities like iron ore, coal, building materials, and grains, and therefore acts as a proxy for the supply and demand of raw materials. As the demand for raw material increases, the …
Permanent link to this article: https://betweenthenumbers.net/2012/03/can-the-price-of-transporting-goods-predict-future-economic-output/
