Evolving economic thought
By John Schroy, on March 5th, 2010 | 
The August 13, 2009 issue of Business Week published an article, “The Buyback Boondoggle — Companies spend lavishly on share repurchases, slowing innovation and job creation”, by William Lazonick, a professor at the University of Massachusetts Lowell and director of the Center for Industrial Competitiveness.
Because of the multi-trillion dollar scale of the enterprise, buybacks represent a fraud against the retirement plans of a whole generation on a scale that makes Bernie Madoff look like a piker.
US Politics
By John Schroy, on March 4th, 2010 | 
In order to ram through Congress unpopular healthcare legislation that will radically increase the fiscal deficit and decrease the quality of healthcare for hundreds of millions of Americans, President Obama has asked fellow Democrats to ‘fall of their swords’, voting for his bill even though it might cost them their jobs in November 2010.
This article describes how a president that has little regard for the Constitution or historical precedent, with a radical agenda, could, with impunity, do things that few Americans realize.
As goes January?
By John Schroy, on February 26th, 2010 | 
Foreign investors and mutual fund shareholders were the primary buyers behind the Bear Market Recovery of 2009. Stock buybacks had disappeared, a significant modification in investor/issuer behavior that had been seen since 1982 and SEC Rule 10b-18.
The rally hit a peak in January 2010, reminding many of the saying, “As goes January, so goes the year”.
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