According to an AP wire piece by Tim Paradis titled "Dow reaches new high on election results", Wall Street rose for a third straight session Wednesday, with the Dow Jones industrials reaching another record close as investors grew more confident that a huge victory by Democrats in congressional elections would result in gridlock and keep lawmakers out of the way of business … [Read more...] about Stock Market Reacts!
Stock Market Reacts!
According to an AP wire piece by Tim Paradis titled "Stocks fall on midterm election results", Wall Street retreated Wednesday after Democrats scored a huge victory in congressional elections, raising questions about how sympathetic the federal government will be toward business. There are three problems with this observation. First, by "Wall Street," he means the Dow Jones … [Read more...] about Stock Market Reacts!
Meet the Five Corners TIF
Yesterday was election day, and many people were wondering if the Republicans would be able to keep the Senate. In Des Plaines, Illinois, however, a bunch of people were wondering if they'd be able to keep their property. The city has a referendum on the ballot for the Rand/River Five Corners TIF district that could result in a lot of buildings being taken by eminent domain. … [Read more...] about Meet the Five Corners TIF
GOP Looks Like a Loser in the House
Over at the Intrade predition market, the price for GOP control of the house has plunged to 21.3 over the weekend. I think this probably means the uncertainty in the polling data is going away as people are running out of time to change their minds. The smart money (55.1) seems to be on a Democratic House and a Republican Senate. I don't know how smart Intrade's bidders are, … [Read more...] about GOP Looks Like a Loser in the House
Drugs –> Sex?
Did you ever notice those ads where they say that using illegal drugs can lead to irresponsible sex? Pete Guither found an interesting take on them. … [Read more...] about Drugs –> Sex?