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Top Stories Bill Mann's Canada: Canadian Pacific proxy fight a turning point The stockholder showdown at Canadian Pacific Railway’s annual meeting, which led to the ouster of the railroad’s top two execs, marked an important turning point in the way Canadian corporate board members are likely to deal with impatient stockholders, especially the major ones.
Where the stock and bond bargains are hiding Both the safest and the riskiest assets are overbought. Jack Hough hunts for the best deals in the middle.
Paul B. Farrell: How Facebook could destroy the U.S. economy Global economy-killer? Yes, Facebook joins my list of global macroeconomic triggers (deadly unpredictable Black Swans like the dot-coms in 2000, subprimes in 2008) that the denial system driving the collective brain of American investors will simply tune out, till it’s too late. Till a crash takes the economy down again.
TaxWatch: Are tax-free education accounts right for you? Is it still a good idea to put money into specialized accounts that avoid taxes, but don’t provide a current tax deduction? Section 529 plans and Coverdell Education Savings Accounts come with penalties and restrictions on the use of the funds. With today’s rate of return, would you be better off with unrestricted savings?
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May 22, 2012 1:33 AM EDT
One “denial” that came to light on Wednesday may have been the cause for the market sell-off of Tuesday. China’s State Administration of Foreign Exchange denied rumors as “unfounded” that they were mulling dumping US debt holdings. China holds nearly $2.5 trillion in US and other major currency issuer debt, which would make their exit from a position a major concern. It is also unclear as to why this might be the catalyst to the market giving ... full story >>