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Rachel Maddow gives an Interesting report the financial disclosure report of Judge Martin Feldman who ruled against the Obama administration's moratorium on offshore drilling. Unbelievable what outrageous conflicts of interests we see in our judicial system!
Very interesting article on the state of education in the U.S. once again. And it's regarding government funding and cronyism. After reading this article in the New York Post, I don't think anyone would want to put the money into education stocks like APOL, ESI or DV.
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Business professor Stephan Meier Columbia University found that borrowers with poor math skills were three times more likely than others to go into foreclosure. Not surprising but it's kinda interesting to remind us folks to know the basics in life + a bit of common sense.
New York Times article
ETFs like Proshares and BetaPro in Canada have gotten more popular in the past year. Many of us have gotten rather concerned about the associated credit risk or counterparty risks when owning one of these ETFs. Morningstar recently reported what are some of the risks associated to trading ETFs.
"The first bit of good news is that, even if the swap contract is defaulted upon, the fund still holds all of its cash assets. The most a fund could lose is the return owed through a swap contract; it will never lose principal. The second bit of good news is that these swap contracts are very short-term, never written for more than 30-day periods. This gives leveraged ETFs some agility and allows them to quickly close out any exposure to investment banks that look to be edging toward bankruptcy."
Source: http://biz.yahoo.com/ms/080919/253712.html