Relevant and even prescient commentary on news, politics and the economy.

NVIDIA replaced ENRON on the S&P 500 in 2001

From the Los Angeles Times, November 30, 2001: “Enron, which had been a component of the S&P; 500, was removed at the end of trading Thursday and replaced by Nvidia Corp., a Santa Clara, Calif.-based maker of computer-graphics chips. As index funds sold Enron and bought Nvidia, Nvidia jumped $2.25 to $53.61 on Nasdaq.” Blowout […]

Finally, prosecutions…

From Huffington Post comes this example of prosecutions of fraud and malfeasance (well, tongue in cheek if the pain was less, but 22 trillion IS a lot of money): The bank fired Richard Eggers from his job of seven years as a customer service representative after the company found out about a decades-old run-in with […]