Author Archive
Stories written by Walter S Ortell

College Students Again Beat Wall Street Experts in Annual TVA Investment Challenge

College students in TVA’s Investment Challenge Program once again outperformed the experts on Wall Street in 2009 and, at the same time, earned money for their schools.
The program is a partnership between the Tennessee Valley Authority and 24 universities in the TVA service territory to provide students a hands-on experience managing a real stock portfolio [...]

Lawmakers Advised to Slow Down by Former Federal Reserve Economist

As lawmakers begin meeting next week to mull over legislation aimed at averting another financial crisis, a former Federal Reserve economist cautions that such sweeping reform could have serious unintended consequences. “This is very ambitious and hugely complicated legislation that is being done very fast,” says Robert Bliss, who is now a professor at Wake [...]

Suspicious Claims Due to Hail Damage Increase According to NICB

Today, the National Insurance Crime Bureau released its latest ForeCAST(SM) report which examines both hail loss claims and hail loss questionable claims (QCs) for the period January 1, 2006 through March 31, 2010.
During this time frame, the number of hail loss claims filed with insurers increased by 61 percent, from 256,000 in 2006 to over [...]

Entrepreneur Names 100 Companies to Watch in 10 Fast-Growing Business Opportunity Areas

Entrepreneur Magazine June 2009

Entrepreneurs in every town, city and state are seizing opportunities all around us to create incredibly impactful, relevant and innovative businesses. Nowhere is there a more clear demonstration of this than in Entrepreneur’s June issue profiling 100 Companies to Watch in 10 vibrant areas of opportunity.
The 100 Companies to Watch are making their marks in [...]

Warning Issued on Bogus ‘SIPC Checks’ Targeting U.S. Consumers

The Securities Investor Protection Corporation (SIPC), which maintains a special reserve fund mandated by Congress to protect the customers of insolvent brokerage firms, warned today that consumers should not accept SIPC checks that are presented online or in person by con artists seeking to buy personal goods.
SIPC officials said the fake checks include an actual [...]

Auto Dealers Unhappy With Misleading Statements From White House on Financial Reform

With President Obama scheduled to arrive in Buffalo, N.Y., today, Main Street auto dealers, led by Ed Tonkin, chairman of the National Automobile Dealers Association (NADA), issued the following statement in response to the White House’s position on the Wall Street reform bill:
“Sadly, the White House is continuing to issue misleading statements in its efforts [...]

The Beginning of Global Economic Chaos

The National Inflation Association today released the following economic update to its members:
With the mainstream media focused today on the rioting and civil unrest in Greece, the Dow Jones plunged this afternoon from a decline of 400 points to a decline of nearly 1,000 points within minutes, before rebounding to finish the day down 347. [...]

Fannie Mae Changes Criteria for Securitizing and Purchasing Adjustable-Rate Mortgages (ARMs)

Fannie Mae (NYSE: FNM) today announced new standards for the purchase and securitization of adjustable-rate mortgage (ARM) products.  The company is changing eligibility criteria to protect consumers from potentially dramatic payment increases and to help ensure that borrowers who hold these types of mortgages can sustain them beyond the initial interest rate period.
“Our goal is [...]

U.S. Food Price Inflation Spiraling Out of Control

The National Inflation Association today issued the following food inflation alert to its members:
The Bureau of Labor Statistics (BLS) today released their Producer Price Index (PPI) report for March 2010 and the latest numbers are shocking. Food prices for the month rose by 2.4%, its sixth consecutive monthly increase and the largest jump in over [...]

Global Businesses Actively Seeking M&A Targets Will Double in Next 12 Months

Optimism is growing in the global M&A environment as 57% of businesses state they are likely or highly likely to acquire other companies in the next 12 months, almost double that of the 33% six months ago, according to a new study of over 800 senior executives around the world by Ernst & Young. In [...]

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