Ken Lay Dies of Heart Attack

According to the Houston Chronicle, Ken Lay has died from a heart attack in Colorado.

List of Companies Under Scrutiny For Options Backdating

The Wall Street Journal just updated their list of companies that are being looked at by either the SEC or the Justice Department for "options timing" issues.

The table list about 60 companies at present, with a short summary of the issues or recent news stories for each company. It's worth a quick look, as there are quite a few big names on there.

Most companies on the list are being looked at by both the DOJ and the SEC, and I'm sure there are many more to come.

Dilbert Illustrates Contracting Difficulties Under Asymmetric Information















We have a similar problem each semester when we have students fill out evaluations of their professors (but the bargaining's not as explicit).

HT: Alex Tabarrok at Marginal Revolution

This Week's Carnival Of The Capitalists

The Independence Day COTC is up at My Money Forest. Because of the holiday, there are fewer submissions than usual, but there were a few that caught my eye. Here they are:
With all the media attention lately, it wouldn't be a COTC without a post on options backdating, so Sox First gives us Options Scams: Timing is Everything

Searchlight Crusade goes into the ins and outs of buying distressed propoerties in Foreclosures: A Good Investment?

Gongol gives us Traffic Rankings for Major Business and Economics Websites. It's a nice way of putting website traffic in perspective.

Finally, Ask Uncle Bill discusses pensions in Pensions - The Not So Good Old Days
As usual, look around. There's always lots of interesting stuff at a Carnival.

Statistical Rapping

If you're one of those rare few who both likes rap music AND has your statistical geek on, you might get a kick out of this - statz rappers. Looks like some grad students had WAAAY too much time on their hands.

That line sticks in your head: "Got your difference on the top, and your error on the bottom."

If I could only do this for my finance classes.

HT: Mungowits End

Great Site on the Declaration of Independence

For those of you who want a bit more information about the Declaration of Independence, USHistory.org has a great collection of resources including:
All in all, it's well worth a read. Now a neighbor and I have to go out and buy more fireworks for our celebration. Once we move we'll be in a state where it's much harder to get pyrotechnics, and this is the last Independence Day with our good friends in our current neighborhood. So we're going out with a bang (yeah, it's a weak pun, so sue me).

Bush Sings U2

I meet with a group of about 8-10 guys from my church at 6:30 every Saturday morning (it's the only time we can meet without taking time from our families). It's an interesting bunch -- they're mostly successful ( but not all), mature Guys (with a Big "G") with a great deal of openness and very, very strange senses of humor. My Saturday mornings with the PallBearer's Club will be one of the biggest things I'll miss after the move.

For some reason, the band U2 comes up in conversation on a regular basis. So, this video clip's for them:

Sunday Bloody Sunday.

HT: Sgtstryker.com

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