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  Thursday, 3 Mar 2011 | 12:44 PM ET

Rep. Charles Boustany: The Obama Administration Is Holding American Energy Producers Hostage

Posted By: Lori Ann LaRocco
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For Louisiana Congressman Rep. Charles Boustany, M.D. is was a big week.

First, the Administration issued its first new drilling permit since the unofficial drilling moratorium was put in place. And at the end of the week, Medicare fraud was addressed in a hearing in Congress.

Health Secretary Kathleen Sebelius is testifying on the Hill about the HHS budget and the implementation of the new law. I decided to catch up with Representative Boustany to discuss these two issues.

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  Thursday, 3 Mar 2011 | 12:17 PM ET

Big Oil Not the Villian in Rising Oil—Blame the Expanding Commodity Market 

Posted By: Lori Ann LaRocco
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Concerns over the turmoil in the Middle East and North Africa is keeping the price of crude at the century mark.

You can bet that when the oil companies start reporting record profits for the current quarter, they will be blasted by the Obama Administration and painted as villains. But should the blame of the rising price of oil and the profit taken on the backs of the consumer go beyond big oil?

I decided to sit down and speak with oil trader veteran Dan Dicker. Dan was an oil for trader of the New York Mercantile Exchange for 25 years and is the author of the forthcoming book, "Oil's Endless Bid: Taming the Unreliable Price of Oil to Secure Our Economy".

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  Thursday, 3 Mar 2011 | 11:46 AM ET

Counterpoint: Smart Chicks Date Smart Guys

Posted By: Nicole Lapin
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CNBC

I am certainly no genius, but, for the sake of this piece, let's call me a "smart woman." \(Sure, let's call John Carney a "smart man," too.\)

So, Carney recently made the argument that "dumb chicks have both greater opportunities and greater incentives to try harder to date smart men than smart women do." Interesting, but untrue.

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  Thursday, 3 Mar 2011 | 9:47 AM ET

JPMorgan Chase Made Nearly a Billion Dollars from Madoff

Posted By: Ash Bennington
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cnbc.com

A new study of Bernie Madoff's Ponzi scheme concludes that JPMorgan Chase made over $900 million in pretax profits from the Madoff scam.

The academic paper by Dr. Linus Wilson, a finance professor at University of Louisiana at Lafayette, makes use of newly released data and different methods of calculation than previous studies.

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  Thursday, 3 Mar 2011 | 9:00 AM ET

Regulators Don't Know How to Punish Banks for Mortgage Mess

Posted By: Julia La Roche
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Regulators don't know how to punish banks for mortgage mess [NYTimes]

"Greek 'I Don't Pay' Movement Threatens Reforms" [Reuters via CNBC.com]

Food prices hit a record high in February [Bloomberg]

"Court Upholds 'Hurtful' Speech [WSJ]

Beyonce donates Gadaffi concert money for Haiti relief [Huffington Post]

BYU's men's basketball center dismissed for allegedly violating school's honor code [Aol News]

A batch of economic data you need to know today: Jobless claims at a 2 1/2 year low [Reuters via CNBC.com], February retail sales [CNBC.com's Christina Cheddar-Berk]

»Read more
  Thursday, 3 Mar 2011 | 8:45 AM ET

The Weird World of Ray Dalio's Bridgewater Hedge Fund

Posted By: Ash Bennington
Ray Dalio, Founder, President & CIO at Bridgewater
Source: bwater.com
Ray Dalio, Founder, President & CIO at Bridgewater

The stories coming out of Bridgewater Capital, the largest hedge fund in the United States, keep getting more bizarre.

Last spring, reports surfaced that Ray Dalio, the fund's manager, ran Bridgewater based on an esoteric management philosophy called "The Principles" .

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  Wednesday, 2 Mar 2011 | 4:47 PM ET

SEC Wants New Role: Bonus Nanny

Posted By: Ash Bennington
  Wednesday, 2 Mar 2011 | 4:01 PM ET

Rajat Gupta's Weird and Weak 'No Profits' Defense

Posted By: John Carney
Rajat Gupta
Getty Images
Rajat Gupta

Rajat Gupta vigorously denies the insider trading charges the SEC has lodged against him, calling them “totally baseless.”

The circumstantial evidence against Gupta, however, is very strong. In fact, the pattern of behavior alleged by the SEC—obtaining confidential board information and then immediately calling Raj Rajaratnam, the man who then traded on the stocks—is damning.

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  Wednesday, 2 Mar 2011 | 3:54 PM ET

Why Do Smart Men Date Dumb Girls?

Posted By: John Carney
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Source: Paramount Pictures

Recently my friend Jennifer Wright at TheGloss.com came across another study purporting to show that men prefer to date women who are less intelligent than they are. She asked me about why this might be, assuming it was true at all.

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  Wednesday, 2 Mar 2011 | 3:23 PM ET

Roubini Points Out the Uncanny Resemblance Between Gaddafi and Galliano

Posted By: Cadie Thompson

I guess I can kind of see it.

»Read more

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