Options and Futures Markets

  • News

    July 12, 2012

    America's Petro-Terrorists

    How greedy speculators bought politicians and drove up the price of oil.

  • Blogs

    April 20, 2012

    How Will Raising the Cap on Electricity Prices Affect You? How Do You Think?

    When Texas Public Utility tentatively voted to increase the ceiling on the wholesale price of electricity by 50 percent by August 1, public reaction was swift. It sounded like this: chirp ... cheep ... when you wish ... chirp ... cheep ... upon a star. Which was surprising. Stereotypically, you'd ... More >>

  • Blogs

    March 27, 2007

    ACS: Whatever Suits Ya

    Helluva last few days for Affiliated Computer Services: First came the news that ACS' chairman Darwin Deason is offering $59.25 per share for all outstanding ACS shares in order to take his company private. Wow -- wonder why he wants to do that? Oh, yeah: that whole backdating stock-option scandal, ... More >>

  • Blogs

    January 2, 2007

    Darwin's ACS in a Sling. Or Not.

    It's a new year, but the same ol' news stories still keep cropping up -- and this one isn't going away any time soon. For months, we've written here about the backdated stock-option scandal at Dallas-based Affiliated Computer Services, most recently about the firings -- pardon, the resignations -- o ... More >>

  • Blogs

    November 28, 2006

    Stock It To Ya!

    Mark King: He's out. In July. Till then, it's $53,000 a month for him. Merry Christmas. In all those stories written yesterday and today about the, ahem, resignations of Affiliated Computer Services CEO Mark King and CFO Warren Edwards in the wake of the back-dating stock option scandal, one thing' ... More >>

  • Blogs

    November 27, 2006

    ACS Loses CEO and CFO. Wuh-O.

    You know how much we're fascinated by the whole Afflilated Computer Services Inc. stock-option manipulating scandal; it's been all over Unfair Park in recent months. Well, if you read the Wall Street Journal this morning, you know it just got a little better: "The options-backdating scandal cla ... More >>

  • Blogs

    October 13, 2006

    Got Half a Billion ACS Can Borrow? Like, Now?

    It's only a Friday, but it feels like Christmas morning. First the movie version of Dallas takes a header, now comes word that Affiliated Computer Services Inc.'s lendor wants its money back--pronto. How much? Maybe as much as $500 million. According to filings with the Securities and Exchange Commi ... More >>

  • Blogs

    September 14, 2006

    Red Light District

    City council agreed to give ACS $13 million to install and operate red-light cameras. ACS--ya know, the company being investigated by the feds. Kinda like City Hall, come to think of it. Saw this morning that the city council yesterday OK'd a deal to give Affiliated Computer Services $13.29 million ... More >>

  • Blogs

    August 25, 2006

    The Backdating Scene

    I've been fairly--or is that Unfairly?--obsessed with the backdating scandal at Afflilated Computer Services Inc., which is being investigated by the Department of Justice and the Securities and Exchange Commission for giving stock options to its top execs and dating them just before those stocks ex ... More >>

  • Blogs

    August 11, 2006

    Conflicts of Interest Are, Ya Know, Interesting

    This morning, The Wall Street Journal has a story about the stock-option scandal that's hounding technology-outsourcing Affiliated Computer Services Inc., a subject about which we've written a few times. ACS is mentioned at length as part of a larger pattern of conflict-of-interest issues arising as ... More >>

  • News

    February 2, 2006

    Wize Guys

    Here's your chance to get rich quick -- or lose your shirt, in which case, GlobalTec disavows all responsibility for, well, anything

  • News

    February 7, 2002

    Enron's End Run

    To make a mess as big as the Enron debacle, you need some friends in high places--Texas Senator Phil Gramm and his wife, for instance