The day after (the day after)

Jubilant first family after victory declared.

Phew! We managed to make it through another “silly season.” For the uninitiated, silly season is that period—one that occurs every four years—when a host of surrogates of the well-connected perform a kabuki dance called “running for president.”  

We begin with a crowded field initially, whittling it down to two front-running candidates and a host of others that are lucky to garner one percent of the total vote, combined. These would be the host of third parties, also known as a losing proposition in America without something like instant-runoff voting in place. Continue reading

Getting your Facebook on

 

Feel the Facebook

Facebook’s stock is set to begin trading on the Nasdaq Stock Market today at 11 a.m. EST. This is one day after the world’s definitive online social network raised $16 billion in an initial public offering that valued the company at $104 billion. Facebook’s value is more than Amazon.com and other well-known companies such as Kraft, Walt Disney and McDonald’s.

If you are a stock investor, you might want to pick up a few shares at its opening price of $38. Continue reading