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Robert Radano

 
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  • Peabody (BTU) and two consortia are the preliminary winners to develop the Tavan Tolgoi coal deposit in Mongolia, a source says. If finalized, Peabody and 11 other firms would get access to the world's biggest untapped coking coal deposit, with the west Tsanki block holding an estimated 1.2B tons of reserves.  [View news story]
    Dear Share:

    What are you talking about? I read this because its one of two posts today on minerals; the other being rare earth minerals found 6,000 feet down in the Pacific ocean.

    These two discoveries are important for American investors in that they represent opportunities for the future.

    BTU is going to get the opportunity to participate in a large venture that will be critically important to the energy future of China. I'm thankful they're involved. and will now begin to calculate the benefits to BTU's balance sheet and income statement.

    In order for rare earth minerals to be extracted from the sea bed, a private company is going to create an engineering solution. This will require both debt and equity. Investors can gauge the risk and decide whether they feel safer investing via the extension of debt, or the greater risk of equity participation.

    After years with no global competition, the US and China are now locked in competition for economic dominance. This will be the fight of our professional careers. Get in the game
    Jul 4, 2011. 01:21 PM | 1 Like Like |Link to Comment
  • Ken Feinberg, the lawyer in charge of BP's (BP) $20B fund for victims of the Gulf oil spill, is starting to reduce his operations having paid out just $4B after processing over 80% of claims. However, BP still faces legal challenges, as thousands are unhappy their claims have been rejected.  [View news story]
    as you know from living down there, LA has very high cancer rates. what are the chances these rates increase even more in the next few years. OIl seepage is one thing, but the volume of the GOM spill and the concentration that hit the shores of LA will not dissipate easily. And now to make matters worse, the Mississippi River runoff just flooded the basin above I 10 so LA just got flushed from above. So they've been hit by Katrina, BP and now the Mighty Mississippi. That's a tough trifecta.

    Would you eat oysters, shrimp or catfish out of LA now?
    May 30, 2011. 11:32 PM | Likes Like |Link to Comment
  • Ken Feinberg, the lawyer in charge of BP's (BP) $20B fund for victims of the Gulf oil spill, is starting to reduce his operations having paid out just $4B after processing over 80% of claims. However, BP still faces legal challenges, as thousands are unhappy their claims have been rejected.  [View news story]
    bb...do not mistake what people do for work and who they are...I can think of few cultures who live closer to the land. You're right, many work oil/gas because that's where the money is, but the cajun culture is like few others in the country.

    The problem in Louisiana has always been the conflict between oil/gas and ag and fisheries. LA and TX are the centers for oil/gas not only in the US but in the western hemisphere. However, LA produces 25% of the seafood in the US. LA is number one in the US for both shrimp and oysters. LA also leads the US in freshwater fisheries production. Due to the marshes, bays and sounds, LA has 15,000 miles of coastline and his home to 40% of the nation's wetlands. LA also leads the US in fur production.

    I would argue that more people rely on fishing and hunting for their very survival in LA, than in any other State.

    To say that these people are looking for "handouts," while true in some respects, is a function of the fact that they are poor and need the assistance.

    But you are right to say that the OCS stoppage was worse for the overall economy. My point was more about the fact that a lot of people who live below I 10 and along those wetlands were hit hard by the oil spill as it will impact, fish, wildlife, shrimping and oysters for years to come and the people who were hit the hardest by this will not be able to substantiate their claims to Feinberg.

    Considering how you feel, I would not return to Cajun country. They don't like outsiders to begin with and you don't seem to have a Cajun view of life...perhaps Houston is a better town.
    May 30, 2011. 07:25 PM | 2 Likes Like |Link to Comment
  • Ken Feinberg, the lawyer in charge of BP's (BP) $20B fund for victims of the Gulf oil spill, is starting to reduce his operations having paid out just $4B after processing over 80% of claims. However, BP still faces legal challenges, as thousands are unhappy their claims have been rejected.  [View news story]
    I don't think any of the posters here have ever been to Louisiana, or know anything about life on the bayou.

    I worked on the Hill for the Louisiana delegation for years; specifically in the districts hit by the spill. Bluntly, none of you realize that many people down there almost literally live off the land. They hunt and fish and largely run "cash" businesses...to the extent they have businesses. Therefore, it is very difficult for many of these people to successfully file claims.

    BP should have been forced to write a check to every man, woman and child living down there on top of whatever claims that could properly filed.
    May 30, 2011. 02:16 PM | 3 Likes Like |Link to Comment
  • New York Times (NYT +9%) CEO Janet Robinson says she's "very encouraged" by its move to charge subscriptions for online content. So far, more than 100,000 subscribers have signed up for NYTimes.com, she says, and 728,000 home delivery subscribers have linked their accounts to digital accounts to ensure free access.  [View news story]
    I'll take the other side of Robinson's bet. The TImes gambit is not sustainable.

    I spend money every month for the Wall Street Journal because the WSJ provides both a good read, and a host of data which I would have to pay for outside of a normal subscription. This is what the TImes does not seem to understand. They think that people will pay ONLY for NYT content; not me.

    Perhaps this model will help hold current home delivery customers who may have ended their subscriptions, but I don't see a huge number of people who are going to be willing to pay for just Times content delivered electronically.
    May 18, 2011. 04:06 PM | 6 Likes Like |Link to Comment
  • Seeking alpha can get difficult as correlations move towards 1. The direction of currencies, especially during U.S. trading hours, seems to be hostage to each tick in the S&P. The euro and the aussie provide nice examples in today's action, with the aussie correlation especially strong over the longer term.  [View news story]
    good idea for a post...but readers here have to look at all the key cross rates. For instance, the aussie needs to be judged against both the USD and the JPY.
    May 17, 2011. 05:21 PM | Likes Like |Link to Comment
  • Bernanke refuses to do more to help the unemployed, Paul Krugman believes, because he's "bullied by the inflationistas: the people who keep seeing runaway inflation just around the corner and are undeterred by the fact that they keep on being wrong... because Ron Paul is now the chairman of the House subcommittee on monetary policy." (earlier)  [View news story]
    Krugman has been spouting this bizarre rhetoric for years. The problem is The Times affords him the luxury and far too often his work gets quoted as though its analysis.
    Apr 29, 2011. 12:27 PM | 2 Likes Like |Link to Comment
  • Standard & Poor's Makes a Political Statement, But Has a Tin Ear [View article]
    I was a Hill Staffer for a number of years. The only time Congress ever thinks about the debt ceiling is when it votes to increase it. The rest of the time every Member or Senator who introduces a bill is firmly convinced their bill is important.

    Its like that old commercial about the wife who buys everything on sale. She's not spending, she's "spaving."

    There will fewer lavish spending bills now, but Obama is not going to back-down on his spending priorities. Readers here need to that this White House is only thinking about two things now, independent voters in the key States and oil. Everything else is just rhetoric.
    Apr 24, 2011. 10:38 PM | 1 Like Like |Link to Comment
  • Using the NYT as his soapbox, Warren Buffett pens a thank you letter to the U.S. government. It makes for an interesting read.  [View news story]
    Don't focus on WB's words, look at his actions. What has he been doing with his portfolio? Buffet has a history of making aggressive plays for financial firms in trouble. But beyond that he has been very careful managing his broader portfolio. Of course the financial press will always allow him to "talk his book." The ink was barely dry on the Times piece when he showed up on CNBC, but he's being very careful right now. Maybe his fellow nieces and nephews should also be careful.
    Nov 17, 2010. 03:39 PM | 1 Like Like |Link to Comment
  • NY Gov. David Paterson backpedals on a controversial plan to tax hedge fund managers that do business in New York but live elsewhere. Mayor Bloomberg wasn't a big fan of the proposal, having said he "can't imagine why every hedge fund won't pick up tomorrow and leave."  [View news story]
    There was a time in the investment industry when the structure of an investment firm mattered. In this world state and federal authorities could legislate and regulate safe in the knowledge that they knew where the capital was and that, in essence, it was captive. Those days are over.

    Threats regarding the ability of investment concerns, (no longer just banks and brokerage houses,) to move assets, staff and custody to more advantageous locales are not idle. Connecticut and New Jersey have already made substantial inroads at the expense of New York and this trend will continue unless New York awakens to the reality that capital knows no borders.

    If Paterson really understood markets he would be working to find ways to attract offshore capital into some New York based international tax haven, not creating yet another reason for capital to leave New York.
    Jul 25, 2010. 01:29 PM | 9 Likes Like |Link to Comment
  • Moving on from Seeking Alpha [View instapost]
    Dear Mick:

    During your tenure this service has become a respected tool for the investment community. SA has continually advanced its scope and reach. In addition, all the editorial staff deserves credit for listening to what the contributors have suggested and adapted SA accordingly.

    Best to you in your future endeavors
    Apr 13, 2010. 10:49 PM | 2 Likes Like |Link to Comment
  • Court Ruling Could Hurt Pandora, Benefit Sirius [View article]
    SA Readers, you're missing the big issue here.

    Any time there is something on Siri/XM there are posts as the stock is owned by tons of small investors who are holding huge losses and traders who play it like an oppie.

    But this case has far more serious players upset and will lead to a huge public policy debate sooner rather than later.
    Apr 9, 2010. 10:18 AM | 1 Like Like |Link to Comment
  • Senate Banking Committee Chairman Dodd says he hopes to have the full Senate debate his proposed banking legislation in the second week of April.  [View news story]
    Those of us tracking the bill saw this and are wondering what's going on. People smarter than me think its a bit premature considering the Ag. Comm. has yet to report out the derivatives piece of the equation. These insiders are also wondering if Dodd might be testing the cloture waters to see what kind of coalition he has. I agree with these views and also note that by virtue of Dodd's involvement with the healthcare bill, (taking over to Kennedy,) he has been close to Reid and the WH. Of course the desire of both Senate leadership and the WH is to take the momentum, and the coalition, on healthcare and roll it into financial services, but readers here should remember that there were many missed deadlines for the healthcare bill.
    Mar 26, 2010. 02:59 PM | Likes Like |Link to Comment
  • The Question That the TARP Oversight Committee Didn't Ask [View article]
    its actually more along the lines that we don't yet really understand what's going on w/ Citi, but that the TARP Oversight doesn't either; at least by their public questions. Or put another way, given your valuation matrix and the point you raise regarding the valuation, given the dilution, why are the shares where they are? Another comment mentioned a secret Fed loan. I don't know about that. Then of course there was the passing question from Warren as to whether Pandit felt the government's guarantee was having an impact at Citi. As I thought about it more later, it made me think that Citi is more closely aligned with the real problem down here, Fannie and Freddie.
    Mar 5, 2010. 11:07 AM | Likes Like |Link to Comment
  • The Question That the TARP Oversight Committee Didn't Ask [View article]
    BRJ...thx for the note. I did know about the dilution. Its funny, as I was watching the hearing, I also ran some real time overlays on my quote/chart system and the comparisons to the other "usual suspects" were just so glaring. I think we also all understand that Citi's portfolio, which never got the scrutiny that other banks got, was always said to be worse. However, considering the Wachovia/Wells merger, and all the problems there, the BAC/MER merger with all that toxic paper, Citi has always been different. Even given the dilution metrics citi barely has a pulse and its deal with the regulators, multiple regulators, is different than the other tarp banks. What I should have spent more time discussing is that fact that the TARP Oversight Comm. should be different than other federal oversight and its not.
    Mar 5, 2010. 10:51 AM | Likes Like |Link to Comment
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