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Weekly World Spotlight: May 17, 2010
Updated weekly with editorial views from influential overseas news sources

Financial Times (May 16) The euro has touched an 18-month low against the dollar. Mourning this weakness, some Europeans hope the euro rapidly regains strength. The Financial Times calls this thinking wrongheaded. “A weaker euro would now be a blessing for the eurozone.” By making the region’s exports cheaper, a weak euro actually boosts the eurozone’s competitiveness.

Wall Street Journal (May 14) The WSJ hopes Nationally Recognized Statistical Ratings Organizations (NRSROs) will be eliminated. NRSROs include organizations such as S&P, Moody’s and Fitch which “put triple-A seals of approval on dubious securities at the heart of the financial panic.” In a promising development, a Senate amendment, which would eliminate NRSROs from U.S. laws and regulations, passed by 61-38.

The New York Times (May 12) “What could be worse than a 20-minute, 1,000-point drop in the stock market?” The newspaper answers “a 20-minute, 1,000-point drop that defies explanation.” Neither regulators nor stock exchange officials have been able to identify what caused the “Crash of 2:45.” The New York Times urges Congress to keep looking for answers and strengthen the regulatory framework in light of high-speed automated trading, which now accounts for the majority of trades.

 
IR Global News
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2010-3-2
Warren Buffet has released his annual Shareholder Letter   (86KB)
Sharing insight, the 79-year old chairman also admits he feels so lucky to
work at a business he loves that he “tap-dances to the office every day…
   
2010-2-23
Stalled or Invigorated, the S.E.C. Leaves Most Wanting More   (59KB)
The SEC has proposed numerous changes, but only delivered a few.
Uncertainty remains about the final regulations and the job the SEC is doing…
   
2009-12-19
Charismatic CEO Message Impacts Analyst Ratings   (72KB)
What the CEO says in his first letter to shareholders can influence analyst recommendations through the heavy use of charismatic language...
   
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