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Matters Financial |
10 February 2003
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Forget Teeth, SEC's New Rules Lack Gums
In the wake of the Enron disaster, Congress passed the Sarbanes-Oxley Act that demanded the SEC set up regulations to protect the markets from themselves within six months. The SEC has promulgated the rules, running to thousands of pages, but not only do the new rules lack teeth, they have no gums. The lobbying was intense, but in the end, capitalism has chosen to run the same risks that got it into its current mess. Click here to read more.
Rising Prices Bring Out Gold Bugs
The recent run up in the price of gold has brought out the Gold Bugs on Wall Street. Their fascination with the yellow metal is as close to a cult as the investment world will ever see. They range from the rather responsible gold traders and coin collectors to the borderline crazy survivalists, but all are convinced that, despite painful experience to the contrary, the gold comeback is for real. Click here to read more.
Delta Launches Song for Tourists
Delta Airlines, a largely business carrier, has decided that to appeal more to tourist travelers, it needs a new brand name. So, it has chosen to launch a new airline called "Song." Whether this venture is a success or not, Delta believes that it cannot make a success of the tourist market with its own brand -- but is Delta wrong? Click here for our view.