7city CFA

Wall Street Journal: Congress' Phony Insider-Trading Reform (video)

The denizens of Capitol Hall are "remarkable investors". A new law meant to curb abuses would only make their insider trading shenanigans easier.

Time to throw them all out!

Wall Street Daily: Social Media Stocks Are All Hype, No Profit

Louis Basenese of Wall Street Daily writes:

"Almost without exception, social media IPOs have proven to be a sucker’s bet. To date, none of the hype has translated into any profits for everyday investors. And I don’t expect that track record to improve any time soon."

Please read more here.

Florida Millionaire "Adopts" Girlfriend To Shield Assets in Lawsuit (video)

In addition to the great weather here in Florida, there's lots of FREE entertainment!

Hey, this millionaire's girlfriend is now his daughter. LOL!

Michael Jackson on "Soul Train" (videos)

R.I.P. "Soul Train" Creator Don Cornelius (video)

Ah, what a shame! "Soul Train" was one of my favorite TV shows!

I also loved the "Soul Train" theme song. We rocked it in high school band during football games and Mardi Gras parades in New Orleans.

R.I.P. Mr. Cornelius!

NYTimes Downplays Pro-Ron Paul Super PAC Funded by PayPal Founder Peter Thiel

Yesterday - as I posted in one of my blogs - PayPal's founder Peter Thiel funded the Endorse Liberty Super PAC to support Dr. Ron Paul.

This morning the NYT reports on the Super PACs for the presidential candidates. Funny thing is the NYT includes photos of some who are no longer in the race - Herman Cain, Rick Perrry and Jon Huntsman.

However, the NYT doesn't bother to put Dr. Ron Paul's photo in this article - even though he is still in the race??

Check it out! Thanks NYT for giving me another reason for not paying for a subscription to your paper!

High Frequency Trading Spreads Across Energy Markets

High-frequency trading (HFT) is playing an ever-larger role in energy markets, but is it really suited to the nuanced deal sheets of commodities?

Stephen Maloney considers this and asks whether HFT is in fact quietly tilting the table to favour those with the technological advantage

Please read more here.

Reuters: PayPal Founders Fund Ron Paul Super PAC

Co-founders of online U.S. payment service PayPal, now owned by eBay Inc, donated to the Super PAC funding group supporting Republican presidential candidate Ron Paul, the group Endorse Liberty disclosed on Tuesday.

PayPal co-founders Peter Thiel, Luke Nosek and Scott Banister, an early adviser and board member, put their support behind the Endorse Liberty Super PAC, alongside Internet advertising veteran Stephen Oskoui and entrepreneur Jeffrey Harmon, who founded Endorse Liberty in November.

Please read more here.

Singaporean Politicians' Salaries: Over Million Dollars Per Year

Singapore's Prime Minister Lee Hsien Loong has been forced to take a 36% pay cut. However, at $1.7 million a year, he's still one of best paid leaders in world.

Mr. Loong earns four times the salary of Obama and eight times the wage of Cameron. He will be taking a pay cut following public anger over income inequality.

Please read more here.

$1.2 Billion From MF Global's Customer Brokerage Accounts Feared Gone (video)

Nearly three months after MF Global Holdings Ltd. collapsed, officials hunting for an estimated $1.2 billion in missing customer money increasingly believe that much of it might never be recovered, according to people familiar with the investigation.

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