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Exxon Just Can’t Win

Exxon Mobil Corporation reported record earnings today, a record for any major corporation, but still came up short.  Earning 2.27 per share was still 10% below market expectations.  So, Exxon stock took a 4.7% slide. Not really a big deal, since the close today was...

Swamp Stomper Alert: Housing Bill Heads to White House

Well, it took almost 3 months, but Congress finally passed the bill today, on older version of which was  passed by the House in May, after some considerable back and forth between the Senate and the House.  The bill is HR 3221 (pdf), titled: “Housing and...

How A Minority Holds Sway

I read with keen interest James Freeman’s interview with Senate Minority Leader Mitch McConnell in Saturday’s Wall Street Journal titled “The Power of 41 Senators”. Although being in the majority is always more effective than the minority,...

Who Got To Nancy?

Just last week, Nancy Pelosi was saying that the Super Delegates should be guided by the overall direction of the pledged delegates (a position shared by Obama, of course).  She drew criticism from Clinton supporters, but I never expected her to back-pedal as she did...
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