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  • QuickChat #247, October 25, 2012 370 comments
    Oct 25, 2012 11:00 PM

     

    (click to enlarge)

    "Pandora" by Stan Bruns. All Rights Reserved 2012.

     

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Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (370)
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  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Great art for the Colonel Kurtz stock market - LOL

     

    Enjoy your stuff, as always, TB
    25 Oct 2012, 11:05 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    I've been thinking of renaming it "Panfed". Published originally as an illo for a 3rd Grade Reader, but I believe I sold it to a pulp magazine too.

     

    Working hard right now to prepare to leave town for the Alabama Renaissance Faire (Florence, Alabama). Many old friends there, but it bodes to be a cool to cold and windy weekend...

     

    I am considering 2 February shows in Florida this year, Mount Dora and one near Jacksonville (perhaps one in St. Augustine as well).

     

    Best wishes to all.
    25 Oct 2012, 11:13 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Positively Halloweeny!

     

    Pandora must work for the Bernank. Once you let it out of the box, you have no idea where it will end up!
    25 Oct 2012, 11:16 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Awwww! TB, you beat me to the punchline!
    25 Oct 2012, 11:20 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    LOL, not by much, and I really appreciate an audience that needs no leading.
    25 Oct 2012, 11:24 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    2 1/2 hours drive from us to Mt. Dora... 3 to St. Augustine...

     

    Let us know dates as it gets closer... should be home most or all of February, I hope...
    ***
    SMaturin - sent your Mongolia legal question to a lawyer for accuracy... though unsure I'll get a response... will give him a few business days
    26 Oct 2012, 01:23 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Great as always TB. Hope you have a wonderful and successful trip.
    26 Oct 2012, 12:39 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Futures are starting to look frightful...
    26 Oct 2012, 01:10 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    FPA - Which ones?
    26 Oct 2012, 02:03 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    The S&P, but it reversed at the open K2...
    26 Oct 2012, 02:24 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    TB: Greetings. Great art work as always. Hope you have a successful week end. I look forward to your observations on the flip side. Make sure you have a flash light and a smart phone with an E-Trade APP. LOL. Good luck and God speed TB.
    26 Oct 2012, 11:10 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    You know, Maya, I was just thinking and Hershey's should be fine, imho. It's the stores that could get stuck with all the extra candy that they have to sell at a discount after the Halloween storm. But that will only be the candy that is usually bought in the last few days. A lot has already been bought and the stores probably don't have a return option with Hershey's. So, Hershey's sales should be in the books for Halloween and sales drop off after that anyway, so....
    26 Oct 2012, 02:07 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    K202

     

    Shop Rite takes EVERYTHING back where i live. Especially before 30 days. But i have returned plenty of items..
    26 Oct 2012, 03:01 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    That's what I'm getting at. The retailers that sell the candy could get stuck!
    26 Oct 2012, 03:15 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Yup, i agree...My friend who manages Shop Rite isn't looking forward to this. He stated they will take back any unopened candy sold !!

     

    But we are over 70 miles from open water so who knows if we even get this..But Had way to many false alarms up here, heavy snowstorms with kids off of school only to get a dusting..etc
    26 Oct 2012, 03:22 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    K202

     

    BTW my friend said that they always donate to ALL the school functions in our town. If FRANK does hit us bad and very few trick or treaters then guess what the schools will be getting as a donations...yup CANDY !!!
    26 Oct 2012, 11:16 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    At least it becomes a write off come tax time. But don't let the first lady know 'cause she would get upset with all that non-nutritious candy going to kids.
    26 Oct 2012, 11:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Yup. just what we spoke about..Just what i need. This whole neighborhood on a sugar/caffiene high...Maybe i can harness that energy ????
    27 Oct 2012, 12:21 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Michelle won't like that. Lunch inspectors will go ballistic.
    27 Oct 2012, 10:25 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Sorry I stepped on your comment .
    27 Oct 2012, 10:26 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    No problem Robert! I didn't even feel it!
    29 Oct 2012, 12:28 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    HELL. I am going out to get my free candy,,,,we had snow last year and it didn't stop those little critters..Besides it makes a good prep item anyway. Energy bar!!!
    26 Oct 2012, 02:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    a new poll out !!!

     

    http://huff.to/S0UAOW
    26 Oct 2012, 02:23 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Friday, October 26, 2:43 PM "It is clear that Greece is off track," says a EU source, as an IMF report makes clear the country has little (being charitable here) chance of cutting its debt/GDP ratio to 120% by 2020. He/she goes on to say the country will need another €30B in financing, though not explaining how adding an additional €30B of debt will help decrease the debt. Sigh.

     

    So what else is new?? Kicking the can down the road might be ending soon after the election..imho
    26 Oct 2012, 02:52 PM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    They have not been kicking it down the road for a while. They are stuck in the cul-de-sac and there is not much left of the can. Rubbed to a nub so to speak.
    26 Oct 2012, 03:15 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    The EZ won't make any moves to expunge Greece until after the U.S. elections. I expect Greece to get the boot not long after Romney gets into the WH. I hope I'm wrong about a lot of things, but until after the elections are over and we see what the fallout ends up being, I will keep a lot of powder dry. There could be some bargains in aisle 13, K-Mart shoppers!
    26 Oct 2012, 03:20 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Kass now long -
    http://bit.ly/Tm7PNC
    27 Oct 2012, 07:45 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    7:45 AM The fiscal cliff may be already damping down the economy, yet a surprising number of policy analysts and legislators think diving off the cliff is the only way to force a deal that will make tough choices. But it could take longer than expected to reach a deal if the Dec. 31 deadline is passed, causing significant damage to the economy, the stock markets, and consumer and business confidence.

     

    I am betting they throw a patch on this , for a few months anyway...
    27 Oct 2012, 08:04 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    So now Asia steps in as well!!!

     

    http://bit.ly/S2FSXI

     

    Take a peek!
    27 Oct 2012, 08:09 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    The renminbi had a market share of 0.53 percent in August and has overtaken the Danish krone to become the 14th-highest global payment currency, the member-owned cooperative said.
    27 Oct 2012, 09:37 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    This can't help!!

     

    http://bit.ly/U4zC1H

     

    IT
    27 Oct 2012, 10:10 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    ..Bearishness among heavy-hitter money managers surveyed by Barron's rises to 27%, nearly double the amount from April's poll. As for individual sectors, there's no love for the utilities, with just 1% of respondents picking it as the best-performing industry over the next 12 months, and 20% choosing it as the worst. We've given away the answer, but guess which is today's cover. Feel better, bulls?
    27 Oct 2012, 08:46 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Friday, October 26, 11:29 AM By firing tech analyst Mark Mahaney, Citigroup (C) loses one of its big rainmakers. Ironically, Mahaney joined Citi after a stint at Galleon (yes, that Galleon), where he was let go for "not getting enough edge on stocks." You can't make this stuff up.
    27 Oct 2012, 09:27 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Great article on (SAND), Sandstorm Gold, by Sean Bellamy McNulty http://bit.ly/XDuPt9
    28 Oct 2012, 04:25 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    In comments, Sean mentions that insiders (including CEO) recently sold some SAND to buy shares of Sandstorm Metals & Energy (STTYF). http://bit.ly/TpIy5s
    29 Oct 2012, 05:30 AM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Another story about SAND and STTYF:

     

    Bloomberg: Sandstorm Bets on Buying Not Finding Gas, Gold

     

    http://bloom.bg/VyLTwH

     

    I am looking more closely at STTYF, and sitting on a tiny pot of SAND with 40% gains.

     

    Wondering if Nolan Watson may be a leprechaun.
    29 Oct 2012, 10:32 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    I have been studying STTYF for a long time. I consider it "buyable" at current prices, but it could be a genuine bargain in the event of a general economic setback in Q1 2013.

     

    Those with a long horizon for the stock holding could start accumulating now, then add on dips until the world economy picks up at which time it could really pay off. I am not buying right now, because I believe it is a 2013-2014 story, BUT I might change that judgement if I spot a useable trading channel which would support my trade/accumulate method.

     

    In general there is no reason why the same formula which works so well with precious metal streamers would not work for the base metals and energy commodities as well...
    29 Oct 2012, 07:57 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Not sure how you folks want to play this, or even if it should be played, but 7% of the US refining capabilities occur in southeastern PA.
    28 Oct 2012, 04:42 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    9 days until the election. Natural disaster. Hello strategic oil reserve.
    28 Oct 2012, 07:03 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Fuel oil futures...
    29 Oct 2012, 07:58 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    All those refineries have been shut down.
    29 Oct 2012, 07:58 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    OK, A POLITICAL QUESTION. How do you feel if one Candidate for President has more popular votes but loses because the other one has more Electorial votes?

     

    Can you imagine Washington if BO gets the electorial but not the popular vote?

     

    wow
    28 Oct 2012, 09:01 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Not a big deal, Bush beat Gore that way...so it's nothing new.
    28 Oct 2012, 09:16 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >IT ... That is the way it works. That is the way it is meant to work. It is the same reasoning that gave us a Senate. It may turn out to be a bummer for one side or the other but another election will come along in 2 years.
    28 Oct 2012, 09:28 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    DRICH" >IT ... That is the way it works"

     

    I agree 200 years ago." The Electoral college ia an artifact of an era when the lack of organized political parties and the difficulties of travel and communication prevented candidates from waging a national campaign.".....according to the Washington Post.!!!

     

    Think that is a problem now? I don't, in fact i kinda think it is stupid that we now have to worry about "swing states" to elect a President.

     

    Time for a Constitution change imho..
    28 Oct 2012, 10:04 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    LT

     

    That worked out real well didn't it? Bush put us here right now !!!! Had the Constitution been different maybe we would not be swimming in the debt we are in ....This is an old law that should be changed!!!

     

    Times change, people should all have an equal vote. Can't wait to see if BO gets the Electorial vote but Romney gets the people's choice!! All citizens are equal and should carry equal weight imho..

     

    It is a big deal !!! Maybe not to you but to others ...
    28 Oct 2012, 10:09 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >IT ... The idea of a Republic is over 2000 years old. Direct democracy is over 3000 years old. Just what kind of modern government would suit you?

     

    There is more to it than what you stated. Direct popular vote would lead to ignoring anything but the top population centers. With enough saturation a population can be lead to believe all kinds of nonsense. There would be no possible check & balance. Best I can tell we already have a big enough problem with plutocracy.
    28 Oct 2012, 10:47 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    DRICH

     

    Oh, so NYers can be manipulated faster then someone in the midwest? If that's the crust of your argument then no sense taking it any further..

     

    You don't think OHIO is getting saturated right now? I am assuming your not from NY, so please don't try to state what we would believe..Thats really not a smart statement.

     

    Sorry, i don't buy it. Laws are meant to change, and come to NY and try to fool some of us...Keep your hands over your wallet as well..lol..

     

    We in this state kinda think we have a level head on our shoulders, and can see through the crap thrown out. Not so sure about other states i have visited...
    28 Oct 2012, 10:55 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    IT: Greetings. The electoral college is a mechanism to prevent the tyranny of the majority. Much like two Senators per state no matter how large or small they may be. While not perfect it's still better than everything else available.
    29 Oct 2012, 01:37 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Robert

     

    Thanks for the post. But i still don't get how a Tyranny develops. Expand on that one..How does NY,NJ,PITT,CALI, etc get together to form a tyranny. NY is a blue state, always..Now to me that is a Tyranny since i might want to vote Red !!

     

    My vote means nothing !!!! But if my vote was part of a grand total of the national vote i have a shot of my choice getting in...whats so wrong with that?
    29 Oct 2012, 04:07 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    IT: Greetings. How much attention would Montana or New Mexico get if the issue was decided on as a strict popularity contest? Should CA, FL and NY get to decide these races every time?
    29 Oct 2012, 05:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    I understand, but should my vote for Mitt in NY mean nothing since NY is a blue state? That's why i think it should be a total. Why do you think NY would decide the race? Could be a very close vote in the state...Can't just assume that one candidate would get the majority of the vote...Then it just makes other states that more important.

     

    I am getting very little ads run on TV because they KNOW who will win NY...That just doesn't sit well with me..

     

    Thanks
    29 Oct 2012, 05:40 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Having only the largest population centers decide every election would mean that political machines could deploy resources based on those population centers only. Such a situation would favor corrupt machines which could manipulate the political landscape in severely limited fashion to assure winning every election. Having to deploy resources on a much broader array of locations makes that a much more difficult task as the populations in geographically disparate locations have different priorities and value systems. Thus politicians running for president are forced to appeal to a broader segment of the population to get elected.
    29 Oct 2012, 05:56 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Is there some reason this discussion is not on the political QC?
    http://tinyurl.com/9m2...
    29 Oct 2012, 05:57 PM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    None FPA, But, but, but......well I didn't start it!!!
    29 Oct 2012, 06:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Sorry, i did not know one existed,,I am done.
    29 Oct 2012, 06:20 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    You might as well quit whining....you are gonna lose your vote in NY and I lose mine in KY....that does not make the system wrong. We are just not in the majority in our home states.
    29 Oct 2012, 06:54 PM Reply Like
  • jhooper
    , contributor
    Comments (8172) | Send Message
     
    "Is there some reason this discussion is not on the political QC?"

     

    The same reason none of the other political comments are.
    29 Oct 2012, 07:16 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    LT
    Kentucky? Ever go to the derby? I owned racehorses..Not whining, just chatting,,
    29 Oct 2012, 07:44 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    That's an amazing coincidence. Acehart and Metals Are Precious, two people who used to comment frequently on the QuickChat also lived in New York and owned racehorses.
    29 Oct 2012, 08:02 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Right now there are 95 comments on this QC. Twenty of those comments are related to the Electoral College issue. The QC is a news venue designed to focus on investment related news. That is its fundamental function. Several of the people discussing the Electoral College issue know this because they are also founding members of the QC.

     

    Investment related news is a broad topical area. So there is a great deal of latitude with respect to relevant topics under discussion. An occasional mention of off-topic areas is unavoidable. However, the Electoral College discussion accounts for 20 out of 95 of the current comments. So that discussion is the current dominant topic.

     

    I argue that the Electoral College discussion does not belong on this investment news venue. It belongs in the political QC, a discussion venue specifically designed for topics of that nature. And I might add a venue specifically designed to prevent the accumulate of off-topic comments in the investment oriented QC.

     

    When discussions on a news venue that is supposed to be focused on investments strays off-topic, the value of that news venue to readers that are looking for investment related news is diminished. Lengthy off-topic discussion are destructive because they dilute the intended focus of the venue.
    30 Oct 2012, 09:12 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >IT ... I've done my time in NY, about 15 years.
    28 Oct 2012, 11:06 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    it is like "doing time", isn't it?

     

    cracks me up that folks think living there is "the best"...

     

    of course, I'm in Hong Kong right now, and getting told by a lot of people how wonderful it is to be here... and I can't wait to get home and stop feeling like a human pinball surrounded by bumpers every time I set foot in the street...
    29 Oct 2012, 03:58 AM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Jon Springer ... Having spent 30+ years wandering around the world, I've found the best & worst are to be found anywhere you want to be.
    29 Oct 2012, 09:18 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    JON

     

    Missed the whole point ! But NY is a great place to live...I understand some can't handle it though..lol
    29 Oct 2012, 03:55 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    yup...agree, and in the USA every person is equal until voting for the most important position for our country....I am amazed that some even think differently..No wonder were in the situation were in. That type of thinking goes back centuries...
    29 Oct 2012, 04:02 PM Reply Like
  • Ishikawa
    , contributor
    Comments (178) | Send Message
     
    How true !!
    29 Oct 2012, 07:17 PM Reply Like
  • Rick Krementz
    , contributor
    Comments (3127) | Send Message
     
    Ditto, DRich. And Jon, I always loved HK; I think it is more livable than NYC in many ways.
    1 Nov 2012, 08:42 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    I can see that Rick. Last two days were quite enjoyable here.

     

    But at this point, I like living someplace quiet. And, for me, there's only one city where I think the cultural tradeoffs are worth living with the grind of a city at this point. Cities are nice to visit, but... Perhaps I'm getting old...

     

    in another life, I should come back as a shepherd in the pyrenees... rendering all the economic shenanigans outside my little world irrelevant...

     

    ***
    circling this back to an investment discussion, I suspect there will be a trend against city living in the coming few decades... everyone's connected via the internet... there's not much gained by living stacked atop each other anymore...
    1 Nov 2012, 08:59 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Jon, Springer: Greetings. I have posted a response on the PQC. While it's investment related it has political overtones that don't belong here.
    1 Nov 2012, 06:17 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    Equity and Options Markets closed today, 10/29, due to the storm. Fixed income markets to close at 12:00 PM ET.

     

    HardToLove
    29 Oct 2012, 04:55 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Has anyone ever done DD on Nautilus Minerals (NUSMF)?
    http://bit.ly/VX9FIl

     

    Was at general presntation about mining this morning. Presenter was from a global mining consultancy. Said Nautilus and two other companies making good progress on underwater (down in the sea) mining.

     

    Think some folks here discussed before and determined it was early/speculative... and it may still be... but sounds like its getting closer.

     

    (Then again, for all I know, he's consulting for them since he dropped their name 3 times in the presentation and didn't mention the 2 competitors... though did mention one competitor was an Australian outfit doing work off the coast of the Solomon Islands)
    29 Oct 2012, 05:49 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Yes, Jon, we've looked at that company several times. They do a good job of raising $ and diluting shares.
    Who doesn't love the notion of mining the sea?
    Is Nautilus still in dispute w/ New Guinea?
    Blech!
    29 Oct 2012, 06:25 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Dilution from a company operating under water? Who would have thought???

     

    LOL

     

    (thanks for the answer... save us all the trouble of thinking too much about it for now... seemed fun for a moment)
    29 Oct 2012, 06:29 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    That's really funny!
    Tap me on the shoulder if there ever comes a time when they aren't under water!
    29 Oct 2012, 06:32 AM Reply Like
  • jpau
    , contributor
    Comments (968) | Send Message
     
    I wonder what the float is?

     

    sorry
    29 Oct 2012, 06:47 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Nautilus Pres/CEO just resigned over problem w/ New Guinea.
    http://bit.ly/Y6oTZY
    1 Nov 2012, 09:02 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    LOL !
    1 Nov 2012, 09:19 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    I wonder if Freya is still holding Nautilus?
    1 Nov 2012, 06:18 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Nautilus is canceling their contractors because New Guinea owes them $51 Million.
    14 Nov 2012, 11:19 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Oy, Gee: Greetings. Well. That's it for them then! Thanks for the research note.
    14 Nov 2012, 04:59 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Separate interesting trend in mining. Mining vehicles are going driverless (being run from centers without drivers like drones). Supposed to reduce labor costs, increase profits, etc. Figuring out who is making the technology for the driverless vehicles might be interesting investment thought. Posting before I forget to run down the idea.

     

    For perspective, he's talking about trucks this big http://bit.ly/YdnmQU and a lot of other mining vehicles being driverless. Rio Tinto apparently already has a large operating center managing its fleet of automated vehicles.
    29 Oct 2012, 05:54 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2718) | Send Message
     
    Jon,
    I follow RIO pretty closely and learned earlier in the year that Japanese equipment maker Komatsu KMTUY has made some of the auto mining trucks used by RIO:
    http://bit.ly/YdsFjd

     

    I considered KMTUY at the time, but I did not like the profit margin trends I saw -- although I may need to revisit their latest financial reporting.
    mj
    29 Oct 2012, 06:21 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Thanks Mercy.

     

    I think the other thing that interests me with the development of this driverless technology is that we're creating jobs for kids whose primary skill is that they're good at video games.

     

    Wii Mining ! Underground drilling and explosives truck edition... set off 10 explosives in your Room and Pillar mine without caving in the ceiling before your opponent... et cetera...
    29 Oct 2012, 06:33 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2718) | Send Message
     
    Just came across a great article on the topic of automated mining equipment. I really do think this whole arena is the wave of the future. 3 additional manufacturers mentioned appear to be privately held. GE has publicly mentioned interest in acquiring a mining equipment company -- and I suspect future automation technology is definitely on their radar: http://bit.ly/Y3E1XS (hat tip to Iadops40 for posting).
    1 Nov 2012, 06:20 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    titanium was highlighted as being in short supply... a byproduct from some iron ore production...

     

    think there's a good bit in Africa http://bit.ly/XJEAWB
    29 Oct 2012, 05:56 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Keep the info coming Jon, and have a great trip.
    29 Oct 2012, 06:06 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    If you like Titanium check out TIE!
    Here's what Boeing has to say about Titanium:
    http://yhoo.it/TjjPLG
    29 Oct 2012, 06:39 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Off topic... off any topic... just a note about my dinner in Hong Kong tonight because I'm in a tiny hotel room trying to unwind and fall asleep... (how tiny? tiny enough I can put my feet up on the bed from the toilet... tiny enough that... eh... you get the point... its about 6' x 10' including the bathroom and shower)

     

    Went wandering Hong Kong on my own for dinner. Sat down in an alleyway restaurant that only had local people eating in the restaurant. There were a few items with pictures on the menu, so I guessed what looked good.

     

    Thought I ordered noodles, meat dumplings, and mushrooms. Turned out I did, but in soup (which wasn't apparent to me in the picture). (eating noodles out of a soup bowl with chopsticks was an interesting challenge... speed overcomes slippage it seems)

     

    Also, for a drink, I ordered a "watercress honey" cold. No idea what I'd get, but sounded good.

     

    About 2 minutes after my food arrived, a European couple walked by, saw me, assumed (wrongly) I knew what I was doing, and sat down a few tables away from me to order. They tried asking for an English translation of the menu (to which they got three different people responding in Chinese pointing at the picture menu). Then, they ordered the same drink I had, at which point one of the servers laughed and started joking with another server. No idea what I did or started.

     

    Food was good, although I'd be challenged to definitively tell you what meat was in my meat dumplings. Drink was tasty albeit perhaps a faux pas to order when I did... didn't stop me from ordering a second which increased the servers' glee.

     

    Tomorrow there's "networking drinks" after the first full day of the conference... (today was preconference workshops)... so I figured I better relax and limber up the vocal chords with a quiet evening to prepare for the "networking"... or, at least, the drinks - LOL
    29 Oct 2012, 09:22 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    Last comment about my room...

     

    There's no mirror by the sink... but there is one over the side of the bed (lengthwise) to make the room look bigger...

     

    So in order to see myself when shaving, I go two steps from the sink, step up on the bed, and one more step to look at myself in the mirror.

     

    Hilarious way to start the day...

     

    (staying here was about 1/4 of the price of staying at the conference hotel, and its a 10 minute walk away from the conference hotel)
    29 Oct 2012, 07:19 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Come on, lets here more about your room!! Hanging on every word..
    29 Oct 2012, 09:27 PM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    A bit more info on that strike by Israel into Sudan.

     

    http://bit.ly/Ssi3vb
    29 Oct 2012, 09:36 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Zero Hedge used Voice of Russia for reporting details!?
    Gawd.
    29 Oct 2012, 01:06 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >OG ... You're shocked? Would you expect FOX, WSJ or even the NYTimes to announce Israel had unilaterally declared a war of aggression? Or is it pre-emptive war? That doesn't fit well with the PR we get here in the USA. Anyway, I'm sure we will hear about the retaliatory action some group will take. So on it goes in that region. If ever they could develop a collective memory like we have and forget what was said or done just a few days or weeks back.
    29 Oct 2012, 01:17 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Indeed! Most of them are steadfastly ignoring the Benghazi debachle. Why report on something like that?
    29 Oct 2012, 01:48 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    If you think that Fox, WSJ and NYT is bad, how could you possibly legitimize the Voice of Russia? It's the Voice of Putin, spewing the party line since the 1920's. It's naive to think that propaganda is news because it doesn't come from the Western press.
    30 Oct 2012, 01:49 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Oy, Gee: Greetings. True true but some people think that HuffPo is a news outlet too. LOL.
    30 Oct 2012, 09:59 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Cool Live USA Wind Map:

     

    http://bit.ly/VYU5Mk
    29 Oct 2012, 02:04 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    Maya - Good to see you are still online! Are you using a backup generator from CPT? LOL! Great map, btw.
    29 Oct 2012, 04:20 PM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    I figured you would just put your head out the window and give us a reading.

     

    Remember where the big trees are around your house and stay away from the rooms that are closest to them if the wind gets up.
    29 Oct 2012, 05:00 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    LOL. I've been outside a lot today, maybe moreso than if it was 72, sunny, and I was smokin' up some ribs with Diane Lane.

     

    There's even a chance the full moon will pop out in an hour or two. That would be fun, unique to see. Back lit clouds ripping across the nighttime sky.... Winds are definitely picking up here. Maybe the moon will move faster!

     

    So far, I've been through far worse in Honduras, having to tap dance my way around a water-kidnapped fer de lance while slogging through rushing waters to Twisted Tanya's.

     

    All this political exchange should be on Political Quick Chat, not here. Makes for interesting reading, though.

     

    Amazed I still have Internet, power, and all the delights of drinking beer and watching MNF...maybe.
    29 Oct 2012, 07:52 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Ack! Maybe did some self-hexing. Power just popped off twice in one minute. But it's back on now. Time to light some tea candles.
    29 Oct 2012, 08:09 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    Good luck, buddy!
    29 Oct 2012, 10:59 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Mayascribe: Greetings. Are ya dead Mon?
    30 Oct 2012, 10:00 AM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Set up an order for Owens Corning @ $31.50 for tomorrow morning. As with the last time I expect this to be a 90+ day turn around trade. As I recall Mercy, Jimenez and I played this last time a hurricane hit NY with decent results.
    30 Oct 2012, 06:26 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    WE'VE GOT THE POWER! Where's that Pointer Sister's song?

     

    All of you know far more than me. So I'm not going to write much, except that locally there were over 850,000 homes and businesses who had power knocked out. I feel lucky to have power restored so quickly, as some around here won't have power for another week.

     

    Driving around here today, there was damage seen at nearly every turn.

     

    I commend all the fine folks working their tookus' off to restore power to something like 21 states. And this super storm is yet far from over.

     

    My man cave survived without a fleck of damage. I'm lucky.
    30 Oct 2012, 06:29 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    Congrats! All that prep was worth it! We didn't get much of anything down in the western part of Virginia; nothing like expected. So, we all feel very fortunate to have been "left out."
    30 Oct 2012, 08:12 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    Good to hear Maya. Now I have to work the kinks out of my fingers, which were crossed for so log,

     

    HardToLove
    31 Oct 2012, 06:51 AM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    "My man cave survived without a fleck of damage. I'm lucky. "

     

    Good to hear, Maya!
    30 Oct 2012, 08:09 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Hum

     

    I might add at least 20 posts have nothing to do with any investments nor are political...But whose counting man caves and what someone cooks to eat or Size of bedrooms, etc..

     

    Interesting though...
    30 Oct 2012, 08:19 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Yes, occasional political topics come up in the QC, along with man caves, France's PM wanting homework banned, comments on candy, and so on. But when a protected political discussion starts to dominate the QC, the discussion should be taken to the Political QC. That was the reason Jakurtz created the Political QC.

     

    What I said after something like 20 comments focused on the merits and faults of the Electoral College was that the discussion belonged on the political QC, not the investment QC. You apparently were unaware of the existence of the political QC, so no one is blaming you for introducing an interesting political topic.
    30 Oct 2012, 11:12 PM Reply Like
  • robert.b.ferguson
    , contributor
    Comments (10491) | Send Message
     
    Glad to hear from you Maya. FPA you're correct as usual my apologies for not trying to move the discussion to the PQC.
    31 Oct 2012, 05:53 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    gotta love this, just need to find out how to get one of these to KY

     

    Ship with 700 T Polymetal gold ore missing off Russian coast
    http://bit.ly/Sh9DoP
    30 Oct 2012, 10:11 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    Superstorm Sandy is (and has) wreaking destruction (and demand for rebuilding/resupply) wherever it goes. An immediate likely effect is increased demand for waste disposal services followed by increased demand for building materials and construction labor and equipment. Disposing of waste and delivery of building materials both require materials handling and transport equipment/services. Public capital market security offerings and bank loans could rise to finance much of the rebuild. Property and casualty and disability insurance underwriters will see large claims expenses.

     

    Anyone care to share views on start timing and duration of any of the above? Other ideas of sectors of interest?
    31 Oct 2012, 12:24 AM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    D-inv...I think you could start today on your list. I also like the banks and Owens-Corning....which I never thought of until it was posted yesterday or Monday.
    BBT has sold off recently, so the banks will show loan increases which will help them. The Fed has kept money flowing this week too. How & how much I don't know.
    CAT probably will rally, but I am afraid of them and don't trust the CEO so I will avoid it.
    31 Oct 2012, 05:04 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    Sandy has nothing on the Fed in terms of destruction in the economy.

     

    Karl Denninger offers a simple discrediting of the Fed policies, designed to protect the banks, not the economy or the people in it, regardless of the claims.

     

    This is why so many are positive on the banks I guess. If masses are doomed to death from poisoning, you bet on the poisoner, not the victims.

     

    "Gary Shilling Is An Optimist"

     

    http://seekingalpha.co...

     

    HardToLove
    31 Oct 2012, 06:57 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    * Cummins (CMI) misses top and bottom line:
    Q3 EPS of $1.86 misses by $0.04. Revenue of $4.1B (-11% Y/Y) misses by $50M. Says demand has dropped sharply over the last three months; in response, it is delaying or canceling projects, flexing production at some plants, reducing discretionary expenses, and reducing workforce by 1,000-1,500 by year-end. CMI -1.2% premarket.

     

    * Westport Innovations (WPRT) -11.3% premarket after cutting its full-year revenue forecast in a corporate update released Monday. The developer of natural gas engine and fuel systems technologies lowered guidance to $340M-$350M from prior $400M-$425M and $412M analyst consensus.
    31 Oct 2012, 08:53 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    FPA: No worry's mate! In spite of the number decreasing forward earnings and revenues estimates, our fearless shills, both governmental and financial, still project everything as more or less "rosy" with GDP growth ~2% or so.

     

    OTOH, many of us here have ignored the sirens' songs and been thinking in much lower terms, after all the final "adjustments" are in. IIRC, ~1.3% seems more reasonable. Might be high?

     

    We seem to be much more in synch with what business is seeing.

     

    Cash is king ... eventually... if the Fed doesn't succeed in taking the FRN value to near its ZIRP rate.

     

    I think we should change the name of "The Market" to "The Fed Puppet".

     

    HardToLove
    31 Oct 2012, 09:22 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    And another one hitting this natural gas play...

     

    SA Market Currents: Clean Energy Fuels (CLNE -4.1%) is cut to Neutral with a $9 price target, from $11.25, at Jaffray, which points to downward guidance from natural gas engine maker Westport (WPRT -6.2%) due to "delayed availability of liquefied natural gas infrastructure." The firm expects the statement to weigh on CLNE, the largest U.S. builder, owner and operator of LNG fueling stations
    31 Oct 2012, 09:51 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    I am watching CLNE for a good entry point around high $7 or low $8 price range...

     

    I have not been mentioning buying plans in this sector much because my targets were so much lower than the trading or estimates...
    31 Oct 2012, 10:37 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    A definite sock draw play in the high 7s ;)
    31 Oct 2012, 10:40 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    MarketNews officially broke the Chicago PMI embargo early... Chicago PMI missed, coming at 49.9, or well below expectations of a 51.0 print. Employment index slid to 50.3 from 52.0.
    31 Oct 2012, 10:09 AM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    Now that is interesting. I wonder how something like this got into the news coming from Chicago. I also wonder if that was the "best" they could do just before the election.
    31 Oct 2012, 10:37 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    It's a mixed result. It was a miss on expectations [-1.1%], but it did come in [+ .2%] above the last print. My guess is the last print will now be revised downward, in order to maximize the positive delta in the current print. That technique appears to be the current soup de jour method of preferred manipulation.
    31 Oct 2012, 10:53 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Sandy Plays:

     

    (PWR) up 6.7%. Quanta Services, Inc. provides specialty contracting services primarily in North America. The company's Electric Power Infrastructure Services segment designs, installs, upgrades, repairs, and maintains electric power transmission and distribution networks, and substation facilities; renewable energy generation facilities; and offers emergency restoration services, including repairing infrastructure to the electric power industry.

     

    (GNRC) up 19.1% Generac Holdings Inc. designs, manufactures, and markets a range of generators and other engine powered products for the residential, light commercial, industrial, and construction markets in the United States and Canada. It offers generators and other products fueled by natural gas, liquid propane, gasoline, diesel, and Bi-Fuel under the Generac and Magnum brands. The company's product line includes residential power products, commercial and industrial power products, and other products.
    ---
    Several data centers failed due to lack of power.
    31 Oct 2012, 10:30 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2718) | Send Message
     
    Thanks FPA, will look at PWR.
    FYI -- Regarding GNRC -- short term may be a good trade but medium term we should also watch level of returns after the storm. I heard 3 people interviewed over last few days saying they were buying a generator and keeping it in the box for a refund in case they didn't need to actually use it.
    31 Oct 2012, 10:49 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Hi Mercy... Yes, I agree about the residential aspect of their business. I was thinking more about the commercial / industrial aspects of GNRC backup solutions.

     

    As we saw in Fukushima, and now repeated in NY, locating diesel powered generators and associated fuel pumps in flood prone areas is not a good idea. Even worse is locating the data centers in basements.
    31 Oct 2012, 11:06 AM Reply Like
  • Mercy Jimenez
    , contributor
    Comments (2718) | Send Message
     
    Great call on PWR yesterday FPA -- my trigger finger was just not fast enough! It ended up 10%.
    1 Nov 2012, 08:45 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    HT is the expert on (CPST), but I was just thinking a natural gas Capstone Micro Turbine connected in a "prime power" configuration would serve as a great safety net for high-rise buildings and data centers. In that situation, the grid would only be used when the micro turbine was shut down for maintenance. The heat exhaust from the turbine could be used to heat the building and provide hot water. I seem to remember a few hotels are using this approach. But once again, HT is the Guru on CPST.
    31 Oct 2012, 11:25 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    FPA: for this scenario they would want to locate them above flood-prone levels and have a diesel-configured one, unless they had NG storage on site (Assuming the feed *is* cut as suggested below). There's a duel-fuel version under development, but IIRC it's not available for some time yet.

     

    Most buildings I've seen mentioned in NYC have boilers and related in the basements and this is where they tend to locate the MTs too because all the connections to building infra-structure are right there.

     

    There's also a configuration for off-shore rigs that has a special enclosure - maybe water-resistant?

     

    In Philly, the MTs are on the roof of the hotels there, IIRC.

     

    HardToLove
    31 Oct 2012, 02:16 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >FPA ... I normally wouldn't argue that configuration would work well but in the "Sandy" scenario one of the first things that is shut down are the NatGas feeds to buildings. I believe it is code in NYC. It makes sense to cut down on potential fires during emergency situations when fire fighting is not an option. Those 50 homes in Queens burned for just this reason. Broken gas main and FDNY had no access or hydrant water.

     

    Just something that comes into consideration when making EMS decisions.
    31 Oct 2012, 11:34 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Thanks DRich... That's very interesting... I heard they turned off sections of the grid in NY, but I have not heard anything about turning off the natural gas as a preventative measure. Do you have a reference?

     

    I know my Aunt's apartment had its power turned off, but the natural gas stayed on. I would think turning off natural gas in a main feed pipeline would be somewhat ineffectual since they would also have to bleed off the pressure. Turing it off at the building level would seem to be a monumental task as it would involve going to each and every building and turning off their feed.
    31 Oct 2012, 12:17 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    FPA

     

    My friend works for Con Ed and i asked him..All he knows if it's an emergency they will turn it off. Otherwise she should be fine..
    31 Oct 2012, 03:20 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    FPA

     

    I might add i have thousands where i live that lost electric but still have gas...
    31 Oct 2012, 04:21 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Thanks IT !
    31 Oct 2012, 04:26 PM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    I heard on the news they are shutting down gas supplys because there are leaks. One small example.

     

    http://bo.st/VEd2OE
    31 Oct 2012, 05:13 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Hows this for playing games...Olive Garden and Lobster Pier are cutting their workers hrs. to 29.5 per week to stay under the Obama threshold.

     

    Gonna have some unhappy employess for sure!

     

    A start of things to come, other will surely follow suit!
    31 Oct 2012, 02:24 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    http://bit.ly/Q6Uzxs
    31 Oct 2012, 02:33 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    This is just the beginning. Only idiots will make any business plans which add full time employees given the environment. There are no coincidences involved...

     

    Companies which CAN subdivide job functions and use part timers and temps WILL (and this is most companies). Those that CAN'T will quickly discover that it makes good business sense to close down operations in the US and move them offshore.

     

    This has been a long and gradual trend, but traumatic events like Obamacare tend to accelerate things.

     

    As an investor, decisions by corporate management on topics like this should be part of due diligence, ie, Olive Garden and Lobster Pier appear to be well-managed since they ARE addressing the situation, while one who invests in the food service sector would do well to find out what the companies they are invested in are doing. Protecting their employees instead of their stockholders is a strategy, and it might even be a sound decision, but the wise investor should know which way it will go to protect their own interests...
    31 Oct 2012, 02:51 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Sorry, meant Red lobster..Owned by same company...Lobster Pier is my local place..lol.
    31 Oct 2012, 03:18 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    TRIPLE

     

    I might add it WAS mentioned other chains are following this plan as well..Wonder what kind of mess this makes for those who now become uninsured, cannot afford cobra , hence pre-existing conditions will not be covered.

     

    Am i off base on this?
    31 Oct 2012, 04:25 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    The under 30 hour rule for employee insurance coverage has been in effect for years. Though it may be state to state, I as a restaurateur, employed the same strategy with instructing my store managers to only give most employees 29.5 hours/week, so that my businesses would not have to offer partial or subsidized health care.

     

    The business bottom line has to be protected at all costs. Over the years, if I was forced to offer all employees insurance coverage, it would have been ever more challenging to keep those businesses open and employing people. In exchange, my employees never started at minimum wage. And generally, an employee working for me, a good one, received raises more frequently than my competitors.
    31 Oct 2012, 04:46 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    For a poster to mention that the chain is doing this it must be different laws for different states, or that NO employee will be giving any benefits.

     

    Appreciate the info though..
    31 Oct 2012, 05:01 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >FPA ... Sadly, I don't have a ready reference. It has been a long time since dealing with fire codes was a concern to me. I can tell you that as of 15 years ago the installations of fire protection systems I installed in NY manufacturing/office buildings had Natgas shutoff integrated into the panels. There is a large semiconductor business in the Hudson Valley that also had it incorporated into emergency & evacuation plans. I don't know if this is a standard or code. Even so, the way NY grandfathers things into code enforcement I'm sure that a majority of commercial buildings probably wouldn't have such a cutoff.

     

    I will poke around to see if I can find something on it. Fire codes are on line but are usually a subscription service.
    31 Oct 2012, 02:28 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    (GE) presentation today at Mongolia Investment Summit 10/31/12 by Mark Hutchison http://bit.ly/Rs8dpN , GE's China CEO

     

    - Immelt moving GE toward a company focused on developing infrastructure business

     

    - GE's next big area to get into is mining, "watch out Caterpillar, we're coming after you"
    31 Oct 2012, 02:38 PM Reply Like
  • LT
    , contributor
    Comments (5783) | Send Message
     
    Another Sandy play:

     

    3:44 PM Sandy will boost demand for transformers, switching gear and other electrical equipment made by Eaton (ETN +4.3%), CEO Alexander Cutler tells WSJ, as flooding and wind damage that devastated NYC and nearby areas will require replacement of electrical equipment in many buildings as well as power lines. ETN earlier said its Q3 earnings fell 5.5%. [Tech, Energy, On the Move] 1 Comment
    31 Oct 2012, 04:15 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    An abbreviated recount of my conversations with PECO yesterday:

     

    I called PECO around noon, yesterday. The robot female voice stated, "Thank you for calling PECO. Hurricane Sandy has interrupted electric service to more than 800,000 customers. Currently, 525,000 customers have yet to have power restored.

     

    "If you would like to learn when your power will be restored, please call at 4:00 PM later today. Please also have your home phone number and account number available when calling.

     

    "This hurricane has brought more widespread outages than any storm in PECO history. PECO appreciates your patience, and is doing all we can to restore power to your home or business a soon as possible."

     

    At 4:30 PM, I called back.

     

    "Thank you for calling PECO. (Much of the same stated above was restated, then...)

     

    "If you are calling to report a power outage, please press 1.

     

    I pressed 1. (Much of the above was again restated)

     

    "Please say the ten digit number for which you are calling about having power restored."

     

    I spoke into the phone, "XXX-XXX-XXX2."

     

    "Is the number you are calling about, XXX-XXX-XXX0?

     

    "No," I spoke into the phone.

     

    "Please say again the ten digit phone number for which you are calling to have power restored."

     

    I spoke into my iPhone, "XXX-XXX-XXX2."

     

    "Is the number you are calling to have power restored XXX-XXX-XXX0?

     

    I spoke into my cell phone, "No."

     

    Same thing happened again.

     

    "There seems to be a problem. Would you like to have PECO call you at another number to inform you when you power will be restored?"

     

    "Yes."

     

    "Please speak into the phone the ten digit number for which you would like to be called when your power is restored."

     

    I spoke into my iPhone, offering my iPhone's number, "XXX-XXX-XXXX."

     

    "Is this the number where you would like to have your power restored?"

     

    "I'm calling from my cell phone. It has power, my home doesn't."

     

    PECO said back, "I'm sorry, I did not understand your answer. Please speak into the phone what phone you would like to have power restored."

     

    No I'm getting a little more fidgety. "XXX-XXX-XXX2."

     

    "Is this the number that you would like to have power restored?"

     

    "Yes."

     

    "We are sorry. XXX-XXX-XXX0 is not a number our system recognizes. Is there another number that you would like to have PECO call when your power is restored?"

     

    "No," I responded incredulously.

     

    "PECO is responding to widespread power outages. Over 800,000 customers have experienced power interruption. PECO has brought in utility workers and service vehicles from several other states. We are sorry that your power has been interrupted, and some customers may go without power for seven days. Please know that we are doing all we can to restore power to your home or business."

     

    I hung up.
    31 Oct 2012, 05:21 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    Try again and push the buttons for your phone number - that might work.

     

    HardToLove
    31 Oct 2012, 05:36 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    <
    "I spoke into my iPhone, offering my iPhone's number, "XXX-XXX-XXXX."

     

    "Is this the number where you would like to have your power restored?"

     

    "I'm calling from my cell phone. It has power, my home doesn't."

     

    PECO said back, "I'm sorry, I did not understand your answer. Please speak into the phone what phone you would like to have power restored."
    <

     

    Clearly, Maya, you just were "not wired" into that conversation.
    31 Oct 2012, 05:41 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    I did that. And was amazed it was voice reconition only. I guess I have to practice how better to say, "two." Maybe I should have said the entire number in Spanglish.

     

    I left a lot out in the above "conversation." Lots of warnings, suggestions, move to a shelter, stay away from downed lines, stay home, don't use a generator inside...those kinds of things.
    31 Oct 2012, 05:44 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Maya

     

    Reminds me of this!!

     

    http://bit.ly/S9hV4G

     

    IT
    31 Oct 2012, 07:03 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    http://bbc.in/TnkCev

     

    "Greek Prime Minister Antonis Samaras has warned that Greece will run out of cash next month unless it receives 31.2bn euros in loans from the EU and IMF."
    31 Oct 2012, 06:02 PM Reply Like
  • Mark Bern, CFA
    , contributor
    Comments (7517) | Send Message
     
    Isn't it just amazing that the timing of the "next" Euro Zone crisis will not hit until after the elections? Coincidence?
    31 Oct 2012, 06:50 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Starpharma. I like this company:
    http://bit.ly/Y3aca7

     

    First Majestic Silver goes retail! Look, Maya. It's Mayan!
    http://bit.ly/SfUDXD
    31 Oct 2012, 08:45 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    OG: Part of me says, "Kewl." Other part of me thinks this is slimebag thievery of the current popularity of the ancient Mayan calendar, of which no profit will go toward the living Maya.

     

    Hey folks! Keep one of these in your pocket, and you will survive doomsday! ;-)

     

    BS.

     

    Curious. Are silver miners now allowed to stamp out coins? Can they be used as currency? Or, just more or less worthless collectables, such as my Bulls on one side, Bears on the other side, one ounce, 99.9% pure silver coin.

     

    Seems to me a rip off.
    31 Oct 2012, 10:05 PM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Maya,those are bullion coins. Many companies sell them, including Great Panther. Great Panther's cost $3.00 an ounce more.
    The price on this First Majestic bullion is better than Kitco, too.
    A design from the Mayan calendar make sense to me, since this silver is mined in Mexico.
    I never heard of a company paying natives to use symbols which are public property for centuries. No one gets compensated for that. it's not like the Mayan calendar is copyrighted.
    I bet First Majestic designed and protected the image on the back of their bullion!
    1 Nov 2012, 12:08 AM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    I bet the coins come from Northwest Territorial mint. That is where Great panthers coins come from. I know cuz I bought some of Great Panthers.

     

    http://bit.ly/Rv1dZj
    1 Nov 2012, 07:48 AM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    OG: I guess that makes "cents!"
    1 Nov 2012, 07:57 AM Reply Like
  • optionsgirl
    , contributor
    Comments (5202) | Send Message
     
    Smarty pants! From the FAQ:
    "First Majestic silver bullion products are minted by three seperate mints: Northwest Territorial Mint, Sunshine Mint and Monarch Precious Metals."

     

    NWT Mint is around the same price.
    I don't think First Majestic has a minimum order.
    1 Nov 2012, 09:08 AM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    It wasn't the pants today. I got my copper colander on....so there. LOL

     

    See below article for gold bugs, after you get your copper colander on. I don't think TFH will hold up.
    1 Nov 2012, 09:26 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    QE Sandy?

     

    http://bit.ly/RvcaKr

     

    for gasoline too

     

    http://bit.ly/RuaynR
    1 Nov 2012, 08:38 AM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    For the gold bugs, but man is there a lot for the TFH folks too.

     

    Whew my copper colander is glowing white hot!!!

     

    http://bit.ly/Ruc7C8
    1 Nov 2012, 08:58 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    DG

     

    and for silver bugs!!

     

    http://bit.ly/Pp3Wr0

     

    IT
    1 Nov 2012, 01:23 PM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    Looks very supportive. I like it. QE to infinity can not be detrimental to that argument I might add.
    1 Nov 2012, 03:57 PM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    You can support a new movie about the Federal Reserve (FYI: its not going to be a lovefest)
    http://kck.st/QWwVAH
    1 Nov 2012, 09:20 AM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    Thanks Jon, I think its a neat idea and a worthy cause for a contribution.
    1 Nov 2012, 10:20 AM Reply Like
  • Jon Springer
    , contributor
    Comments (4073) | Send Message
     
    I think so DG. I gave some money. The blog has more clips from the movie - http://bit.ly/Rxd1fG
    1 Nov 2012, 10:31 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    I'm going to add some $ to it - maybe something good will come of it.

     

    HardToLove
    1 Nov 2012, 10:38 AM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Thanks, Jon.

     

    I got the last of the Early Bird Specials.

     

    Looks like a worthwhile educational endeavor, and hopefully a film that I can use to help my kids understand the reality of the Fed. They hear me bitch about it all the time, but still do not understand how devious the Federal Reserve Act and the Jekyll Island party really was.
    1 Nov 2012, 01:55 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    SMaturin: For education and entetrmaint, I suggest this video - not the Fed, but worthwhile for educating folks of all ages.

     

    http://bit.ly/GQILdd

     

    Other interesting stuff at their home.

     

    http://econstories.tv

     

    I also have lots of stuff related to the Fed - posted long ago and far away, that I could start compiling if you want some more stuff for them.

     

    HardToLove
    1 Nov 2012, 02:47 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    HTL,

     

    Yeah, those Keynes-Hayek videos are great. One way to get the attention of teenagers.

     

    This was the first one:

     

    http://bit.ly/r70RZJ

     

    I shared it with my son back when it came out, and he thought it was funny, but really did not have the economics learning needed to understand it fully.

     

    Russ Roberts and the folks at Mercatus Center (http://mercatus.org) of GMU have been outspoken advocates of Austrian Economic education on the web. These videos are a fun contribution.
    1 Nov 2012, 03:00 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    SMaturin: Thx for the GMU stuff - I'll add them into my repertoire!

     

    I had the first linked already too - but my organization of the stuff is not yet refined enough to find them quickly.

     

    I can't get enough of this stuff - I keep thinking if there's enough out there a lot of folks will "accidentally" see some of it and learn something.

     

    That includes me, BTW - always have more to learn.

     

    HardToLove
    1 Nov 2012, 03:23 PM Reply Like
  • RMF - Rethinking Modern Fin...
    , contributor
    Comments (165) | Send Message
     
    The IMF also did not see it coming. Actually, they were engaged in the biggest downsizing effort in history even weeks before the bubble burst. Even after the bubble burst they did not see how big the bubble was.
    5 Nov 2012, 06:30 PM Reply Like
  • siliconhillbilly
    , contributor
    Comments (2754) | Send Message
     
    RE: Sandy plays. NY already has at least one superconducting power link in its under-street utility tunnels. It was installed several years ago as an experiment in increasing power transmission (by around 2X) without needing to dig up the streets to increase tunnel size. Works well, AFAIK.

     

    I wonder if using SC cables is an advantage in resisting flood damage? It seems that the totally sealed system required by the LN2 cooling needs of the cables would make them immune to flood problems, other things being equal. But it also requires that the LN2 cooling unit not fail! If it is also in the tunnels that could be a problem.

     

    The upshot; AMSC and related SC electrical power cable support companies might well profit if future "disaster upgrades" include more robust underground electrical transmission systems.

     

    More generally, buried SC cables for longer distance transmission should be more resistant to high winds and ice loading then "wires on towers". They also should not experience sun and weather degradation. Again, are "they" willing to pay more for increased disaster resistance? My guess; "only if the govmint will pay for it". Fedgov, that is. They are the ones with the "free money", of course ;-)

     

    Who knows what FEMA and other alphabet agencies will do if the political mandate is to "prevent all electricity failures".
    1 Nov 2012, 11:37 AM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    http://yhoo.it/Ysgpvu;_ylt=A2KJ3CaGXJJQjHEA...

     

    Why not ask for the moon as well?
    1 Nov 2012, 12:28 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Cuomo is showing off his brass teslacles.
    1 Nov 2012, 01:56 PM Reply Like
  • SMaturin
    , contributor
    Comments (2268) | Send Message
     
    Another great article by Pater Tenebrarum:

     

    Hurricanes Do Not Have A Silver Lining

     

    http://bit.ly/QX8mUb

     

    "Naturally, if it were really true that we could create economic progress by breaking windows or digging ditches (we will admit that pyramids at least render what one might term 'monument services', even if the expense seems hardly justified by this), then the government should pay half the population for digging ditches and hire the other half to wreak wanton destruction. Some time later, everyone could be employed in rebuilding what has been destroyed. We'd have no unemployment and we'd have 'GDP growth', but would this make any sense?"
    1 Nov 2012, 02:29 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    Hurricanes bring to light all the weaknesses of existing infrastructure rather than some mythic "advantage". With few exceptions, damage to infrastructure done by natural disasters just result in (at best) replacement of infrastructure with new work mirroring the same infrastructure which failed in the first place.

     

    A case in point is the main power line which feeds my home.

     

    It is a mere line strung between long lines of light poles lining the roads, of course. Every time we have high winds (actual hurricanes and tornados are very rare), since we live in a densely forrested area, the odds that a branch or tree will tear down the lines is pretty good. The lines feeding my personal home (I live at the end of a cul de sac) have an average of 3 splices between each and every light pole. I asked the very friendly repairmen once how hard it would be to bury the power line which runs about 50 feet from the nearest pole to my home. They told me it was "...really expensive..." It was certainly not free, but the $600 it cost me was not that much, and given that it took the 2 guys and their truck 4 hours to repair the line the last time it needed splicing, I suspect it cost the local power monopoly a LOT more to repair the same vulnerable line over and over and over... Versus simply burying the lines one time.

     

    Needless to say I am in an area where flooding is not a concern, so this anecdote might not apply to, say, utilities strung along the Atlantic ocean. Still, updating infrastructure with an eye to long term advantage (rather than short term expediency) would seem to me to be somehting to include in the rebuilding efforts.
    1 Nov 2012, 04:24 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >tripleblack ... As you say, bury cable would save all those service calls over the years. Thing is (and in 30 years I've never seen the logic here) companies look at repairing infrastructure back to the way it was as far preferable to fixing it once and for all. The money comes out of the same corporation but from 2 completely different buckets. Best I've ever been able to figure is that operating expense (repair) is a tax subsidized activity ... thus cheap compared to capital investment (fixing the problem).
    1 Nov 2012, 05:47 PM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    TB & DRich: we mustn't forget too that rates determined by the regulators factor operating expense in. If they bury the lines, they get a one benefit, the regulators spread it over years and forward operating expenses drop, reducing the amount of rate increase they're likely to get down the road.

     

    At least that's one of the possibilities my TFH suggests. Constant top-line revenue increase is always desirable. And the more jobs you provide, the more political weight you can wield with such as " ... we'll have to cut 600 jobs if ...".

     

    HardToLove
    1 Nov 2012, 05:57 PM Reply Like
  • Mayascribe
    , contributor
    Comments (11198) | Send Message
     
    Good point, DRich. It's all about GAP accounting rules, i.e., the difference between capital improvements, and routine maintenance (even if the maintenance occurred from an act of God), and how they are taxed.
    1 Nov 2012, 06:40 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Well this storm that did relatively no damage to Orange County NY now has...ALL gas stations are now completely empty. Glad i filled both of my cars up this morning. However my daughter was in line about 20 cars back and they turned all of them away.

     

    Bone dry, and hear it might take up to a week to get gas, amazing in this day and age we might have to go that long without gas.

     

    Heard Long Island is getting a ton of gas shipped tonight so were holding out hope. But i dropped the chief of Police's name as we are friends and the cops said sorry, Mobil is dry, wish i could help your daughter..

     

    Next week might be interesting if we don't have fuel but we do have an election!!!
    1 Nov 2012, 06:14 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    "... bury the power line which runs about 50 feet from the nearest pole to my home. ... It was certainly not free, but the $600 it cost me was not that much, and given that it took the 2 guys and their truck 4 hours to repair the line the last time it needed splicing, I suspect it cost the local power monopoly a LOT more to repair the same vulnerable line over and over and over... Versus simply burying the lines one time."

     

    Interesting. A few thoughts occur, though. Path from nearest utility pole to power entrance on my home would be ~75', all on my property, but would almost certainly disturb the root systems of 70' - 80' Norwegian pines on an adjacent property and heighten risks of a future tree fall damaging my home. In a densely forested area I suspect running power lines along roadways would similarly heighten risks of trees/branches falling on roadways and homes.

     

    I suspect the $30 ft. expense you were charged to run the power line underground on your property was significantly less than the cost a power company would bear in undergrounding power cables over a large area. First, the cost of a larger cable capable of delivering power to 10s or 100s of homes is almost certainly significantly higher than that for cable rated for 2 - 3 Kw needed to serve most individual residences. And, costs of dealing with tree removal, repair of streets and driveways crossed and other factors could be substantial. For instance, putting power lines underground could require dealing with public water line or public sewer line breaks in addition to crossing or tunneling under driveways/streets. Where I live, above ground power, telephone, and entertainment cable lines are strung overhead buried sewer lines with public water supply lines buried on the opposite side of the street.

     

    Another approach could avoid tree disposal/damage issues by burying power cables beneath streets/roadways and incurring the cost of restoring the thoroughfares.

     

    In all instances, though, burying every foot of power cables that are presently strung overhead would entail substantial capital outlay with certainty and writeoff of installed network capacity. Storm damage repairs OTOH almost certainly involve a small fraction of overhead power cabling footage each year.
    1 Nov 2012, 06:17 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    The method used was boring rather than trenching, and there was very little disturbance (a small hole was dug at either end). Took about 2 hours. They offered to include my cable for another $100, but I have a poor working relationship with my local cable monopoly, and I suspect I will lose patience with them one day.... Indeed, my heavily forested front yard would be difficult to trench out now (though of course 30 years ago when the house was built was a different affair).

     

    Obviously I was suggesting that the concept of upgrading to a more storm-resistant concept be included in the huge area devastated by Sandy. Capital investment will be gigantic regardless...

     

    When I lived in Germany the town had a very interesting system. All the utilities were run under the sidewalks (and the sidewalks were added to provide coverage when necessary), in reinforced concrete castings designed to accept the water, sewer, electric, gas, phone, etc. There were very few areas where lines were visible aboveground, and virtually no utility poles (vs light poles, which were actually enhanced along with the sidewalks). The utilities all had trucks with a special mechanical fork lift that would pull up next to the section they wanted to work on, and snatch up that segment of sidewalk, revealing the wires and pipes. Do the fix, then drop the sidewalk back into place, voila.
    1 Nov 2012, 07:28 PM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    That sounds like a slick method in Germany.
    1 Nov 2012, 07:33 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    "When I lived in Germany the town had a very interesting system. All the utilities were run under the sidewalks (and the sidewalks were added to provide coverage when necessary), in reinforced concrete castings designed to accept the water, sewer, electric, gas, phone, etc."

     

    :-) My reference to burying power cables in streets was due to observation in Fairbanks, Alaska 50-odd years back of work-in-progress efforts to install/improve concrete tunnels carrying "the works" (including steam heating lines to prevent freezing of water and sewer). Beneath sidewalks sound like a better idea.
    1 Nov 2012, 07:40 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >tripleblack ... This European method has been discussed here in the USA and I've never heard anyone say it wasn't the best idea. Only one thing that stands in the way, profit. That would be here no developer wants to spend money if it is not required, no matter if it's a good/best solution. It only has to work long enough to sell to someone else and in America that is good enough. Anything else would take government mandate and the cost would be passed to landholders or taxpayers. Since business owns & operates local & state governments, where decisions like this would be made, if people agreed to a common sense idea like weather-proofing the utility infrastructure guess which side of the cost/benefit equation carries the bill. I can't imagine a good libertarian being in favor of such a solution.
    1 Nov 2012, 07:49 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Our 700 home condo association in Upstate NY has all our power lines buried underground since the 80's....We never lost power during the storm, while most of the town is still out.

     

    Best move this builder did for us. Plus the local utilities company upgraded the system a few years ago to boot..
    1 Nov 2012, 07:54 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Interesting Times ... I'm sure that the property values and sale prices (at least original purchasers) of your development reflect the cost of this utility installation. I'd bet every realtor uses this as selling point.
    1 Nov 2012, 08:01 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    DRICH

     

    I was the original owner and it was never mentioned to me, then again i don't remember what i ate for dinner. As far as the realtor goes they might, not sure on that..
    1 Nov 2012, 08:15 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Interesting Times ... Unless the developer was some sort of philanthropist, I'm sure you paid the differential cost. It also show me that the developer was a quality oriented person or group.
    1 Nov 2012, 08:21 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    "Our 700 home condo association in Upstate NY has all our power lines buried underground since the 80's....We never lost power during the storm, while most of the town is still out."

     

    :-) Glad it worked out for you. Sometimes it doesn't though for folks with buried power cables. My home is in an older subdivision that abuts a more recently developed one that has underground power, phone, and entertainment cabling. Power distribution to both subdivisions is provided by Baltimore Gas & Electric. I am aware of multiple instances in which the development with underground cabling has lost power or telephone service when we have not. We have lost phone service when they have not, but not electric power that I am aware of.
    1 Nov 2012, 08:31 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    DRICH

     

    Oh i am sure i paid for it, but i don't remember the salesman, it was a new unit, mentioning the wiring feature to me...But like i said 30 years ago he could have..
    1 Nov 2012, 08:57 PM Reply Like
  • DRich
    , contributor
    Comments (4819) | Send Message
     
    >Interesting Times ... You are also fortunate to live in a sub-station district that doesn't stress and shutdown.
    1 Nov 2012, 09:00 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    we still lose power once in a while in a snowstorm...so the wires have to come out somewhere,,
    1 Nov 2012, 09:17 PM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    DRich: Other than the personal slam at this "good libertarians", I can understand your point of view... I don't agree with it, but I can understand it.

     

    Libertarians may believe that the capitalist system can be the best approach, but the more realistic among us also recognize that we live in an imperfect world. IF we are to have regulated monopolies, it is obvioiusly better that they are as efficient as possible.
    2 Nov 2012, 09:37 AM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    Dont expect much this Christmas if you live in NY or Jersey.

     

    http://bit.ly/StfdVp
    1 Nov 2012, 06:40 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    Interesting and worthwhile read, DG, even though a bit overdrawn. A GDP decline in Q4 is certainly a possibility if restoration of electric power and petroleum fuels is slow for large numbers of people. But, no where near 60 million people were severely affected by superstorm Sandy.

     

    Much of the structural damage inflicted by the storm was due to wind and will be covered by insurance. Uninsured damage is likely limited to coastal zones and along rivers and even there some property owners almost certainly carried flood insurance as well as conventional homeowners.
    1 Nov 2012, 08:17 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    Have you ever heard of Staten Island? Well a few of my friends live there and they were flooded out. Guess what, no flood insurance as this never happened EVER before.

     

    So most did not think they needed it. FEMA is their out right now!!

     

    I am sure the same is for downtown Manhattan as well..
    1 Nov 2012, 08:24 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    "Have you ever heard of Staten Island?"

     

    :-) Am I mistaken or does Staten Island qualify as a coastal or river zone property?
    1 Nov 2012, 08:34 PM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    My grand parents lost their home in a flood and FEMA gave them a complete set of dishes for two. They kept them in a box for years to show folks. They also put them up in temporary housing until they got a new house. They got nothing for their old house.
    2 Nov 2012, 09:29 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    D

     

    Honestly not sure if Staten Island is a coastal property, it is an island like Manhattan. Plus the damege done isn't minor...In fact a friend that refinanced last month who lives there has been told that ALL applications from SI are being reevaluated..

     

    Hope your news showed you the damage done there as well.Very bad !!!
    2 Nov 2012, 10:15 AM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    "Honestly not sure if Staten Island is a coastal property, it is an island like Manhattan. Plus the damege done isn't minor.."

     

    I..T, I appreciate that you are reacting to personal tragedies of friends (and possibly family) flowing out of superstorm Sandy. And, I do not question the storm's infliction of severe emotional trauma and economic damage in many areas, including on Staten Island and in lower Manhattan. But, frankly, none of that impinges in any way on the validity of my comment on the article (http://bit.ly/StfdVp) referenced by DG.
    <
    .... A GDP decline in Q4 is certainly a possibility if restoration of electric power and petroleum fuels is slow for large numbers of people. But, no where near 60 million people were severely affected by superstorm Sandy.

     

    Much of the structural damage inflicted by the storm was due to wind and will be covered by insurance. Uninsured damage is likely limited to coastal zones and along rivers and even there some property owners almost certainly carried flood insurance as well as conventional homeowners.
    <

     

    Staten Island is bordered by the Atlantic Ocean and the Hudson River. Lower Manhattan is bordered by the Hudson and "East" Rivers, and portions of which are land "reclaimed" from those waterways if I am not mistaken.

     

    Or, maybe the issue here is that I'm not a New Yorker and therefore unable to "see through the crap" about direct significant economic damage to 60 million people when many of them "enjoy" 40% more spending power than communities typically experiencing such storm damage. Many, many people in the NY, NJ area live paycheck to paycheck just like many people do in other places. A recent study suggested that 40% of the households in this country have savings of less than $500 and all such households most certainly do not live in the South.
    2 Nov 2012, 11:47 AM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    D-inv

     

    My posting was not an answer to your posts. Quite frankly i didn't even read it..Just bringing people up to speed..Your opinion on GDP isn't concerning me..
    2 Nov 2012, 12:04 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    First ever Staten Island flooding? Sandy unprecedented? Sandy due to "global warming'?

     

    http://bit.ly/Vk5qp7
    2 Nov 2012, 05:54 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message
     
    The weather channel host said that Sandy was the worst in history, over 1k miles wide. Most storms don't take a left and head inland.

     

    If you had to go back to 1821 to make a point thats cool. But having 2 freak storms the last 2 years, a drought. and a meteorologist that has spotted something in the upper atmosphere that they are following is good enough for me.

     

    Glad people came to their senses and cancelled the marathon ! MAYOR Bloomberg just backed Obama because of global warming..
    2 Nov 2012, 07:50 PM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    Nov 2, 2012 - Prospect Capital Corporation (PSEC) announced today the pricing of an underwritten public offering of 35,000,000 shares of its common stock. The public offering is expected to close on or about November 7, 2012, subject to customary closing conditions. PSEC is down 7.8% in the pre-market.

     

    I have been waiting for this ...
    2 Nov 2012, 09:25 AM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    Thanks for the PSEC announcement news.
    2 Nov 2012, 09:32 AM Reply Like
  • FocalPoint Analytics
    , contributor
    Comments (6282) | Send Message
     
    The current PSEC price is below its 200 day MA and takes the cost based dividend to over 11%...
    2 Nov 2012, 09:42 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    History has shown that these are buying opportunities, even (especially?) for those holding long for the high yield.
    2 Nov 2012, 02:55 PM Reply Like
  • D-inv
    , contributor
    Comments (4848) | Send Message
     
    Guess the folks around Seaside Heights, NJ don't have much of an electric power problem.

     

    http://bit.ly/Tq79Tj
    2 Nov 2012, 09:34 AM Reply Like
  • doubleguns
    , contributor
    Comments (9700) | Send Message
     
    Public unions are way to corrupt. Obviously they do not care about the people they are supposed to serve, like the children.
    2 Nov 2012, 09:51 AM Reply Like
  • H. T. Love
    , contributor
    Comments (19538) | Send Message
     
    D-inv: a disgusting example of where priorities lay even in the midst of great hardship on those in need.

     

    That'll garner a lot of enthusiastic support for increased unionization, won't it?

     

    HardToLove
    2 Nov 2012, 09:55 AM Reply Like
  • tripleblack
    , contributor
    Comments (13581) | Send Message
     
    My experience with individual unions is that they are prone to the same failings, and successes, as are individuals. Some are well led and work tirelessly for the good of their members and their communities - and some are corrupt fiefdoms with little to recommend them.

     

    I once had a conversation with a group of ex-union members mulling over whether or not to allow a large union they had experienced bad things with to organize a new factory we were building. I told them that they were in a position to look around for the best of breed in existing unions - or take another chance on the big guys and their professional organizers currently courting them - and in any event to compare the likely outcome to what the company was already doing.

     

    I was not surprised at all when they rebuffed their old union bosses - but I was mildly astonished when they elected to avoid organizing any union at all.

     

    Perhaps this example will one day come back to bite that particular union on the posterior...
    2 Nov 2012, 03:06 PM Reply Like
  • jhooper
    , contributor
    Comments (8172) | Send Message