The Fed Leaks Inside Information
futureofcapitalism.com

Reuters has a terrific scoop about how big investors are paying former Federal Reserve employees to get the news about what happens at meetings of the Federal Open Market Committee before the news is announced to the general public. The wire service says, "This selective dissemination of information gives big investors a competitive edge in the market."

The wire also quotes Haag Sherman, "chief investment officer of Salient Partners, a Houston-based money management firm that oversees around $8 billion in assets": "The fact is that government today is driving the markets more than any time in recent history and having insight into near-term and long-term plans provides a money manager with a significant competitive advantage," Sherman said.

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Food Stamp Nation
futureofcapitalism.com

The most popular story on Yahoo! News this morning is a Reuters dispatch about food stamps. From the article:

In some parts of the country, shoppers using food stamps have almost become the norm. In May 2011, a third of all people in Alabama were on food stamps -- though part of that was because of emergency assistance after communities were destroyed by a series of destructive tornadoes. Washington D.C., Mississippi, New Mexico, Oregon and Tennessee all had about a fifth of their population on food stamps that month.

The article mentions a supervisor at Walmart and a part-time cashier at Target who are on food stamps.

Read More...

Food Stamp Nation
futureofcapitalism.com

The most popular story on Yahoo! News this morning is a Reuters dispatch about food stamps. From the article:

In some parts of the country, shoppers using food stamps have almost become the norm. In May 2011, a third of all people in Alabama were on food stamps -- though part of that was because of emergency assistance after communities were destroyed by a series of destructive tornadoes. Washington D.C., Mississippi, New Mexico, Oregon and Tennessee all had about a fifth of their population on food stamps that month.

The article mentions a supervisor at Walmart and a part-time cashier at Target who are on food stamps.

Read More...

The Fed Leaks Inside Information
futureofcapitalism.com

Reuters has a terrific scoop about how big investors are paying former Federal Reserve employees to get the news about what happens at meetings of the Federal Open Market Committee before the news is announced to the general public. The wire service says, "This selective dissemination of information gives big investors a competitive edge in the market."

The wire also quotes Haag Sherman, "chief investment officer of Salient Partners, a Houston-based money management firm that oversees around $8 billion in assets": "The fact is that government today is driving the markets more than any time in recent history and having insight into near-term and long-term plans provides a money manager with a significant competitive advantage," Sherman said.

More:

Read More...