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Paul B. Farrell: Why `neuroeconomics` is a big, fat hoax Yes, neuroeconomics is a hoax. And I'm "mad as hell" about it. Call it whatever name you want, they're all the same: Behavioral finance, psychology of investing, behavioral economics, the "new science of irrationality." Let's call it "neuroeconomics." And yes, it's a scam, a con job, propaganda, a big fat hoax. Market WatchConsolidated Thompson Announces First Quarter Financial Results and Provides Update TORONTO, ONTARIO--(Marketwire - May 12, 2009) - Consolidated Thompson Iron Mines Limited (TSX:CLM) ('CLM', or the 'Company') announces that it has filed its unaudited interim financial statements on SEDAR and provides the following update: - Mine site development is progressing according to budget. Production is expected to begin in the fourth quarter of 2009. As at March 31, 2009, over $200 million had been spent on the development of the Bloom Lake mine. - Following the announcement of the signing of a letter agreement, the Company is working on completing a definitive agreement with Wuhan Iron and Steel (Group) Corporation ('WISCO'). For consideration of US$240 million, WISCO will receive 29,748,897 common shares, which represents approximately 19.9% of the issued CLM shares, on a post-investment basis, but prior to the April 27, 2009 equity financing. In addition, WISCO will receive a 25% interest in a new entity to be established to operate the Bloom Lake mine, and will comm Market WirePoland considers postponing euro entry Poland may postpone by at least a year its plans to adopt the euro in 2012, amid signs of a worsening economy and budget deficit, the country's finance minister has said FTConservative leader threatens action over MPs` expenses David Cameron was last night considering removing the Conservative whip from some of the most senior party backbenchers in the wake of allegations that they have abused the MPs' expenses system to build swimming pools, improve their second homes, and even buy horse manure at the expense of the taxpayer.The Tory leader was informed yesterday afternoon about some of the allegations. His spokesman said last night he was appalled at what he had heard, and was considering his disciplinary options.A spokesman for the party said: 'David Cameron can, with the agreement of the chief whip, remove the party whip from these people; and there is no doubt he will do this if he thinks it is appropriate.' Three Tory MPs have responded to the allegations by admitting culpability, saying they would repay the expenses they claimed.Cameron's initial tough response came in the wake of the first opinion poll that suggested the Tory party was being damaged as much as Labour by exposure of MPs' expenses cla GuardianEagle Materials CFO steps down Cement and wallboard manufacturer Eagle Materials Inc. said Monday that Mark Dendle, its chief financial officer and executive vice president of finance and administration, is stepping down effective June 12. Biz JournalEuropean Banks Take Stress Hit U.S. bank stress tests are stoking worry that European banks aren't doing enough to shore up their finances. Wall Street JournalVerenium Reports Financial Results for the First Quarter 2009 (PR Newswire) Company enters into Phase II of BP partnership and appoints new CFO with extensive energy financing background yahoo.comExplor Acquires Additional PG 101 Gold Claims ROUYN-NORANDA, CANADA--(Marketwire - May 11, 2009) - Explor Resources Inc. (TSX VENTURE:EXS) is pleased to announce the acquisition of a 25 mineral claims package (2 claims) totalling 404.7 hectares, situated in Marriott Township in the Larder Lake Mining Division, District of Cochrane, Province of Ontario, contiguous to the PG 101 Gold Property. This will increase the property to 2030.7 hectares. Explor Resources inc., will pay a total of $30,000 CDN and issue 400,000 common shares over a 2 year period for an Option to acquire a 100 % interest in the Property. The Optionor has retained a 2.0% NSR in the property. This acquisition is subject to regulatory approval. The shares that will be issued pursuant to this acquisition will be subject to a hold period of 4 months. Mining.comAnalyzing the pros and cons of Long-term Equity Anticipation Securities In a recent edition of Options 101, we learned how to the crack the option code, as dissecting option symbols can often feel like reading Chinese...(Read More) Market WatchApplied Materials Investors Brace for Decline Options traders are bracing for a pullback in Applied Materials before the chip equipment company reports quarterly earnings. The Street1 2 3 4 |
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