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Kiisu Buraun

 
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  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Robert,

    Talk of Federal regulations reminds me of "The Parable of the Potomac River Races."

    If you are not familiar, it goes like this...
    ~~~
    Years ago various teams competed in the (then) first annual Potomac River Race.

    The Federal team came in last, and not just last, but dead last. By the time their boat crossed the finish line the other teams had claimed their awards and long since left.

    It was a grand embarrassment. Meetings were held, specialists examined the evidence; the subsystem engineers conducted a FMEA (Failure Mode and Effects Analysis); a best practices team studied the available options; the project engineers developed a CIL (Critical Items List) and laid out a set of CA (Corrective Actions) for management.

    Their summary?

    A 20,000 page printed document with graphs, charts and photos that detailed each of the competing team's strengths and weaknesses. The other team consisted of a single steersman and eight rowers.

    The Federal team with its vastly better management skills and more efficient personnel system consisted of a rower, a project steersman, two assistant steersman, two associate steersmen, two course management steersmen and a navigation specialist steersman.

    After resummerizing the problem, recritiquing the analysis and reviewing the recommendations, management reached the only logical conclusion...

    The rower was incompetent and the root cause of the failure.

    In preparation for second annual next race, management replaced the rower's position a supervisory steersman to ensure the other steermen kept the boat headed in the proper direction.
    ~~~
    Ahhh... such is the joy of working for the Federal Government...

    Best wishes,

    Kiisu
    Jul 18 10:50 AM | 2 Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Rookie,

    I worked for the Federal government (military and civil service) for more than 30 years.

    Federal government purchases are *not* efficient.

    Federal regulations defined and required specific types of inefficiencies. Including for example:
    o SBA set-asides;
    o Woman & minority business set-asides;
    o consolidated purchase agreements...

    All of which tended to increase costs, morph requirements, and delay delivery.

    Purchasing anything not in the federal catalog was possible, but not simple.

    Employees who repeatedly violated the purchase regs (by getting what was needed, when it was needed and for a lower cost) could be reprimanded, demoted, fired, or prosecuted.

    Unspent funds as we approached the end of the fiscal year was not regarded as a "good" thing... for if we did not spend everything, budgets could be cut in the following year.

    Definitely not efficient.

    Best wishes,

    Kiisu
    Jul 18 09:47 AM | 3 Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    David, AgAuMoney,

    What if we limited Federal government to its Constitutionally limited powers... and taxed only what was required to fund those actions?

    We could then toss social engineering into the rubbish bin... and let people spend their own money as they thought best.

    As a result we could simplify Federal laws and regulations... which should be few, simple and intuitive.

    A system of law and regulations so complex that even the government doesn't understand it (with teams of attorneys, accountants and other specialists) makes every citizen by definition, a criminal.

    That is dangerous.

    From the time I was in Junior High, I thought we as citizens would benefit from a constitutional amendment that put a (low) upper cap on the total body of Federal laws and regulations.

    If you want a new one, get rid of an old one.

    In other words, apply the "KISS" principal to government.

    Best wishes,

    Kiisu
    Jul 18 02:01 AM | 2 Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    AgAuMoney,

    ING savings currently pays an APY of 0.80%.

    Years ago, I closed my Chase saving account and moved all funds to ING. No regrets.

    Best wishes,

    Kiisu
    Jul 17 11:00 PM | 2 Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Colin,

    When I lived in Japan "cha" was the first symbol of my gimei (alias). While there I married into the Aomori Sato clan.

    Best wishes,

    Kiisu
    Jul 17 10:52 PM | 1 Like Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Rookie,

    I agree. I don't want the government to do it either...

    But I assume you also don't want Federal and local regulatory agencies looking over your shoulder, insisting that you:
    o file the proper paperwork, including periodic reports,
    o open your home for periodic health inspections,
    o remodel your kitchen to commercial standards,
    o comply with all labor regulations,
    o rebuild your front porch and bathroom to be ADA compliant,
    o replace your furniture with ADA compliant items,
    o comply with all USDA livestock and crop regulations

    ...just so you can invite the neighbors over for dinner.

    That kind of hassle kinda puts the kabosh on charitable or cooperative feeding.

    Best wishes,

    Kiisu
    Jul 17 10:38 PM | 2 Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Conkjc,

    I'm not convinced of the "vital" part of government regulatory agencies.

    Do companies make errors? Yes, of course.

    Do government agencies make errors? Yes, of course.

    The difference... If a company makes an error, I buy from the competition. If a government agency makes an error, I'm stuck with legal bills, fines and a possible prison sentence.

    From my experience on the inside, there is a generally pernicious "government good, business bad" attitude closely coupled with a "government competent, business incompetent" mindset.

    Such attitudes combined with a monopoly of force warps good judgment...

    And that volatile combination should be minimized.

    Best wishes,

    Kiisu
    Jul 17 04:08 PM | 2 Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Conkjc,

    FDIC... 1933 (part of Glass Steagall)
    FDA... 1938 (though there were precursors).
    FAA... 1958 (Federal Aviation Agency) 1966 (Federal Aviation Administration)
    EPA... 1970
    OSHA... 1970
    NRC... 1975 (I assume you mean the "Nuclear Regulatory Commission" and not the "National Research Council" or the "National Recycling Coalition")

    Are you implying there are *no* solutions to problems of fraud, health and safety except for Federal Government regulation and control?

    Best wishes,

    Kiisu
    Jul 17 12:17 PM | 1 Like Like |Link to Comment
  • The Sport Of Kings And Stock Investing: It's How You Play The Game [View article]
    David,

    Truk Lagoon was a part of history I had overlooked.

    Thank you,

    Kiisu
    Jul 17 11:54 AM | Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Rookie,

    Seems you are trying to defend the indefensible.

    Even in the former USSR, the former Democratic Kampuchea, or the current North Korea, there was (or is) a minority who were (or are) comparatively well off.

    Those few stand in stark contrast to the millions "purged". Stalin, Pol Pot, and the Kim regime stand with the blood of millions on their hands.

    Gives a different perspective on "survivorship bias."

    Best wishes,

    Kiisu
    Jul 17 11:44 AM | 3 Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Rookie,

    No, even then it wasn't OK.

    Tuskegee didn't end until 1972.

    MKUltra (http://bit.ly/ODFY4P) didn't end until 1973.

    We are discussing political morality... and there are two primary viewpoints:

    o State is supreme. In the extreme, you have the all-powerful, all-controlling state. Plato's Republic is an archetype.

    o Individual is supreme. In the extreme, government is a necessary evil required to "protect individuals from aggression, theft, breach of contract, and fraud." The early US Federal government is the archetype.

    Statists believe individualists are silly anarchist dweebs.

    Individualists see statists as power mad control freaks.

    Over the last century, the general US population has tended to slide from individualist side of the scales to the statist side.

    As history has repeatedly shown, when a total state rules... individualists (among others) are purged for the "public good" and to maintain "social order."

    Individualists tend to object... ;-)

    Best wishes,

    Kiisu
    Jul 17 03:17 AM | 2 Likes Like |Link to Comment
  • The Sport Of Kings And Stock Investing: It's How You Play The Game [View article]
    David,

    Thank you... if I'm ever out your way, might take you up on your kind offer.

    Best wishes,

    Kiisu
    Jul 16 10:14 PM | Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    West End,

    The problem with regulators is... they are people.

    Even if the intent of regulations is angelic (debatable), even if the regulations are perfectly constructed (does not and cannot happen), becoming a civil servant does not upgrade the individual's intrinsic traits of honesty or truthfulness...

    If an regulator is dishonest or untruthful, mandated quarterly ethics courses cannot correct the problem. Even if the person is fundamentally honest and truthful, the system tends to corrupt.

    I can "fire" a company and buy from their competition, I can (and do) donate to needy individuals directly, but it nearly impossible to fire a civil servant...

    Perhaps because I was a federal civil servant, I have more faith in the collective actions of the average citizen than in my former colleagues in DC.

    Best wishes,

    Kiisu
    Jul 16 09:33 PM | 3 Likes Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Rookie,

    Sorry, please try a different avocation... online humor is not your forte. ;-)

    Economically, government taxation and allocation does not increase efficiency; it misallocates resources. If it were otherwise, the USSR and North Korea would be premier examples of economic success.

    Best wishes,

    Kiisu
    Jul 16 05:45 PM | 1 Like Like |Link to Comment
  • Do Dividend Stocks Pose Hidden Risks With The Fiscal Cliff Looming? [View article]
    Rookie,

    How closely have you looked at the government institutions that are supposed to protect public health?

    The record there is not unblemished. To start please see:

    * Tuskegee: Ref: http://bit.ly/Lm6K1b

    * Stateville: Ref: http://1.usa.gov/Lm6K1e

    Best wishes,

    Kiisu
    Jul 16 03:55 PM | 2 Likes Like |Link to Comment
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341 Comments
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