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Subject: Abraham Lincoln

Abraham Lincoln (February 12, 1809 – April 15, 1865) served as the 16th President of the United States from March 1861 until his assassination in April 1865. He successfully led his country through its greatest internal crisis, the American Civil War, preserving the Union and ending slavery. Before his election in 1860 as the first Republican president, Lincoln had been a country lawyer, an Illinois state legislator, a member of the United States House of Representatives, and twice an unsuccessful candidate for election to the U.S. Senate. As an outspoken opponent of the expansion of slavery in the United States,[1][2] Lincoln won the Republican Party nomination in 1860 and was elected president later that year. His tenure in office was occupied primarily with the defeat of the secessionist Confederate States of America in the American Civil War. He introduced measures that resulted in the abolition of slavery, issuing his Emancipation Proclamation in 1863 and promoting the passage of the Thirteenth Amendment to the Constitution. Six days after the large-scale surrender of Confederate forces under General Robert E. Lee, Lincoln became the first American president to be assassinated.
Lincoln had closely supervised the victorious war effort, especially the selection of top generals, including Ulysses S. Grant. Historians have concluded that he handled the factions of the Republican Party well, bringing leaders of each faction into his cabinet and forcing them to cooperate. Lincoln successfully defused the Trent affair, a war scare with Britain late in 1861. Under his leadership, the Union took control of the border slave states at the start of the war. Additionally, he managed his own reelection in the 1864 presidential election.
Copperheads and other opponents of the war criticized Lincoln for refusing to compromise on the slavery issue. Conversely, the Radical Republicans, an abolitionist faction of the Republican Party, criticized him for moving too slowly in abolishing slavery. Even with these opponents, Lincoln successfully rallied public opinion through his rhetoric and speeches; his Gettysburg Address (1863) became an iconic symbol of the nation’s duty. At the close of the war, Lincoln held a moderate view of Reconstruction, seeking to speedily reunite the nation through a policy of generous reconciliation. Lincoln has consistently been ranked by scholars as one of the greatest of all U.S. Presidents. (Wikipedia 2010)

US Politics

President Obama and the Lincoln Bible

New Leaders

The Crash of 2008 put Barack Obama in the Oval Office and was the culmination of two secular financial trends: a growing US trade deficit that was the root of easy financing for credit cards and mortgages, and the stock buyback movement that manipulated the equity market and that, in recent years, had become dependent upon easy credit rather than corporate profits.

Americans now have an untested, inexperienced leader, with strange radical friends and a leftist deficit spending agenda. Obama must govern 300 million people in a serious economic crisis that he has the power to exacerbate.

In Obama’s first hundred days, the case of the Lincoln Bible, the Stimulus Bill, staffing problems, and the Maersk Alabama incident, hinted of difficult days to come for the United States.

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Featured articles on inside pages

Stock buybacks

WSJ exposes the 9/11 caper

In a major exposé of misused executive options, the Wall Street Journal ran a front page article, reporting that as stocks sank after the the 9/11 attacks, scores of companies rushed to issue options to top officials. Some executives reaped millions.
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Securities Analysis

Innovative institutional research methods

The Crash of 2008 led to questions concerning the scope and quality of institutional investment research. The flood of open source investment data on the Internet presents opportunities to researchers.There are new ways to manage institutional research, including separation of fact-gathering from data analysis, out-sourcing, student-sourcing, and home-sourcing, financial taxonomy, and semantic wikis.
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US Politics

What is the future of private pension plans?

Between 1999 and 2002, US private pension funds lost US$ 1.2 trillion in value. It would almost seem that pension fund managers had been speculating with retirement money, attempting to beat each others' short-term performance statistics, with little interest in safeguarding the assets of plan beneficiaries. More ...

US equities

GAO pooh-poohs a Boomer bust

In 2006, the GAO issued a report saying that the retirement of the Baby Boomers should not have a negative effect on stock prices. This article reviews the GAO reasoning and concludes that the conclusion is not credible. More ...

US Bonds

Bond demand exceeds supply for a decade

Over the decade, 1995-2004, the demand for US bonds of all types has surpassed new bond issues in eight of the last ten years. This is the reason that bond prices have held firm, even in 2003, when net new issues reached almost $1.8 trillion. More ...

World Economy

What Is ‘International Liquidity’?

It used to be that the term 'international liquidity' meant the relative amount of resources available to a nation's monetary authorities that could be used to settle a balance of payments deficit. In the days of the gold standard, this would mean access to gold that could be used to redeem a nation's currency held by foreigners. More ...

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2011-04-01 16:02