GO
Loading...

NetNet

More

  Wednesday, 26 Jan 2011 | 4:23 PM ET

New Hedge-Fund Disclosure Rules Probably Won't Help at All

Posted By: John Carney
Government Regulation
CNBC.com
Government Regulation

The new disclosure rules for hedge funds proposed by the CFTC and SEC this week are much better than I would have expected.

» Read More
  Wednesday, 26 Jan 2011 | 3:38 PM ET

Ugly Numbers from DC: CBO Reports Record $1.5 Trillion Deficit

Posted By: Ash Bennington
US Capitol Building with cash
US Capitol Building with cash

New figures out from the Congressional Budget Office indicate that this year's budget deficit will be a colossal $1.5 trillion.

» Read More
  Wednesday, 26 Jan 2011 | 3:03 PM ET

Obama Tips Hat to Debt and Deficits: 'Now the Pain Begins'

Posted By: Jeff Cox
President Barack Obama
Getty Images
President Barack Obama

It was a painful wait through Tuesday night’s State of the Union speech to hear any talk about fixing the debt-and-deficit plague, and it’s likely to be a considerably longer wait for anything to get done.

» Read More
  Wednesday, 26 Jan 2011 | 2:40 PM ET

Private Equity Owned Insurance Company Cuts Off Cancer Patient for 2 Penny Payment Shortfall

Posted By: John Carney
Stethescope and money
Stethescope and money

A division of the business administration company Ceridian reportedly cut off a cancer patient when his monthly premium payment was two cents short of the amount billed.

» Read More
  Wednesday, 26 Jan 2011 | 1:24 PM ET

'Too Complicated to Succeed'

Posted By: Ash Bennington
Gazimal | Iconica | Getty Images

I once had great faith that the world was run by people who were far smarter than I—and that their superior intelligence, work ethic, and virtue could be relied upon to steer us through when the glassy seas blew into high swells and maelstroms. While nothing has yet convinced me that my meager perspective is not routinely exceeded — both in quality and degree—I have lost my faith in my betters.

Here's a thumbnail sketch of why.

» Read More
  Wednesday, 26 Jan 2011 | 12:37 PM ET

Remember This Above All Else

Posted By: John Carney
John Carney
Photo: Manhattan Transfer/Flickr
John Carney

It's easy to be a rugged individualist when things are going great. You just got your bonus. The hot girl you met when volunteering is totally into you. You found the perfect pair of jeans. Nothing can stop you.

But then something does. Maybe it's just a sudden moment of clarity that tears through the veil of success and makes you wonder for a moment about the value of anything. Why work so hard? Why keep getting up in the morning? Why bother at all when none of it really seems to matter?

Or maybe it is something more physical than metaphysical. In my case, it was a car that sped around a corner on Manhattan's Lower East Side. Fortunately, I was thrown clear of the wheels by the impact. Unfortunately, I broke my leg in nine places. Everything in my life came to a halt.

» Read More
  Wednesday, 26 Jan 2011 | 11:47 AM ET

National Tax Payers Union Tells C-Suite Insider—Price Tag of State of The Union: $21.349 Billion 

Posted By: Lori Ann LaRocco

President Obama laid out his agenda on aggressively cutting spending and measures on to grow the economy in his State of the Union Tuesday night.

The President praised the American worker and delivered these encouraging words," We know what it takes to compete for the jobs and industries of our time. We need to out-innovate, out-educate, and out-build the rest of the world." But what's price tag attached to this?

I decided to ask that question to Pete Sepp, Executive Vice President of the moderate, conservative group, the National Taxpayers Union who did a line by line cost analysis on how much the proposals included in this address would cost the American Taxpayer.

The National Taxpayers Union Foundation, \(NTUF\) the research affiliate of the National Taxpayers Union, broke down the numbers exclusively for C-Suite Insider. The NTUF uses the accounting database called BillTally, which reports the “net annual agenda cost” for each Member of Congress based on sponsorships and cosponsorships of pending legislation. The NTUF matched Obama’s State of the Union proposals with those in the BillTally system in White House documents and other third-party sources.

» Read More
  Wednesday, 26 Jan 2011 | 11:34 AM ET

Side Running: A Time-Honored Wall Street Tradition

Posted By: John Carney
The Merrill Lynch bull logo inside the New York Stock Exchange.
Photo: Oliver Quillia for CNBC.com
The Merrill Lynch bull logo inside the New York Stock Exchange.

The Wall Street Journal has a great write-up of the SEC case against prop traders at Merrill Lynch, who are accused of copying trades from client orders.

» Read More
  Wednesday, 26 Jan 2011 | 9:30 AM ET

Why Aren't These People More Freaked Out?

Posted By: John Carney

So the other day, a door on a Metro North train randomly opened somewhere between 125th Street and Grand Central Terminal. The morning commuters, terrifyingly, were unphased.

»Read more
  Wednesday, 26 Jan 2011 | 8:57 AM ET

President Talks Jobs, Recovery, and Deficits

Posted By: Ash Bennington

Global Competitiveness at Center of State of the Union [Wall Street Journal] "President Barack Obama used his State of the Union address Tuesday to ask the nation to meet the challenges of a global economy, framing what he called a competitiveness agenda that includes traditional Democratic proposals like increased education spending, alongside gestures to Republicans seeking deep budget cuts. Mr. Obama said the nation needs to address its rising budget deficit but couldn't afford to back away from new spending on programs that he said would allow the U.S. to compete with rising powers like China and India—an approach Republicans were quick to reject as unaffordable. Mr. Obama also laid out areas of potential cooperation between the parties, such as a call to rewrite the corporate tax code."

President Talks Jobs, Recovery, and Deficits [NY Times] "President Obama challenged Americans on Tuesday night to unleash their creative spirit, set aside their partisan differences and come together around a common goal of outcompeting other nations in a rapidly shifting global economy. In a State of the Union address to a newly divided Congress, Mr. Obama outlined what he called a plan to “win the future” — a blueprint for spending in critical areas like education, high-speed rail, clean-energy technology and high-speed Internet to help the United States weather the unsettling impact of globalization and the challenge from emerging powers like China and India. 'The rules have changed,' he said. But at the same time he proposed budget-cutting measures, including a five-year freeze in spending on some domestic programs that he said would reduce the deficit by $400 billion over 10 years."

» Read More

About NetNet

  • NetNet is where you'll find the low-down and the high jinks of Wall Street. It's the place for insider stories, trader gossip, and tales of the foibles of the moneyed crowd and the culture of finance.Wall Street news and commentary served fresh all day long.

 

  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne

    Lawrence Delevingne is the ‘Big Money’ enterprise reporter for CNBC.com and NetNet.

  • Stephanie Landsman is one of the producers of "Fast Money."

NetNet TV

Wall Street