Facebook Inc. (FB) is set to start trading today after a record initial public offering that made the social network more costly than almost every company in the Standard & Poor’s 500 Index. (SPX)
Facebook sold 421.2 million shares at $38 each to raise $16 billion, a statement yesterday shows. That values the Menlo Park, California-based company at $104.2 billion, or 107 times trailing 12-month earnings, more than every S&P 500 member except Amazon.com Inc. and Equity Residential [continue reading in new window...]
The Obama Record: The president has made Mitt Romney’s Bain Capital a target of his re-election campaign. That’s one way to divert attention from poor performance. It’s also a way to undermine capitalism.
He’s back. And this time, the Rev. Jeremiah Wright threatens to engulf President Obama in a major scandal – one that could doom his re-election. Edward Klein in his recent biography of Mr. Obama, “The Amateur,” interviewed Mr. Wright about the president’s past. On tape and on the record, Mr. Wright claims that in 2008, the Obama campaign offered $150,000 to buy his silence. If this is true – and I stress if – Mr. Obama may have committed a crime, and if so, he should be prosecuted and sent to prison. Wrightgate could bring down the Obama presidency.
President Obama has a weekend challenge ahead of him: Can he persuade European leaders gathered in the Maryland woods outside Washington, D.C., to adopt the U.S. fiscal example of short-term bailouts, government stimulus and long-range plans for belt-tightening in order to promote growth and stave off a fiscal meltdown in the Eurozone?
A mystery object, thought to be a military or law enforcement drone, flying in controlled airspace over Denver almost caused a catastrophic mid air crash with a commercial jet Monday.
Obama’s literary agent says he was ‘born in Kenya’. How did the mainstream media miss this?
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