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taharqa11

taharqa11
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  • Paul Ryan: Ideas for reducing poverty [View news story]
    deercreekvols, I am also at a loss as to what to tell my high school students this morning. I guess I'll just let them take control of their own education and let them surf the web--after all we can trust them to make the right choices. And those essays I spent Sunday afternoon grading can just go into the trash--or maybe Google will grade them. At least it frees up part of my Sundays now.
    Jan 27 01:58 AM | 1 Like Like |Link to Comment
  • Kenya, Ivory Coast, Nigeria, And Ghana: The African KINGs [View article]
    I've been living in West Africa for the past 7 years (on a work contract). With the exception of a position in Barclays Bank (BCS), my stock portfolio has no exposure to Africa. I really like living here and expect to be here a few more years, but there is almost no transparency in any activity and the rule of law in terms of contracts and regulations is just a rumor. With that said, I did read the whole article and appreciate the research. Maybe things will change sooner rather than later.
    Jan 20 10:49 AM | 6 Likes Like |Link to Comment
  • Annaly Capital Management: Shocking Price Action [View article]
    I'm curious about the plunge in the mREIT preferred shares as a whole....unless these mREITs are going bankrupt I don't see a real reason for such a selloff. Inflation and interest rate increases don't seem like they are enough of a threat to seriously hurt the value of the preferred.
    Dec 10 03:10 AM | 2 Likes Like |Link to Comment
  • Paulson buys Greece (Klarman too) [View news story]
    My IRA is up 30% this year alone excluding contributions, and I was only invested 50--60% in equities. Invested almost exclusively Europe since the beginning of the year (SAN, NBG, RBS, IRE, GREK, ALU, NOK). If I don't get stupid (a distinct possibility) it's one less year I have to work in the future. Hooray for the PIIGS!!!
    Oct 7 04:09 PM | 2 Likes Like |Link to Comment
  • "Coca-Cola Pops the Top on First Burma Bottling Operation in 60 Years," is the headline on the Irrawaddy Web site as the company becomes the most high-profile multinational to set up business in the country following its re-entry into the international community. Coca-Cola (KO) intends to invest over $200M in Myanmar in the next five years, directly employ 2,500 people and create 22,000 jobs along its supply chain. [View news story]
    Last year I visited a part of Sierra Leone only accessible by motorcycle down 70 miles of dirt trails, only to find....Coca-Cola in the village at the end of the road. Amazing.
    Jun 4 06:25 AM | 2 Likes Like |Link to Comment
  • The week's ETF movers - Gainers: TAN +9.6%. XLF +3.7%. UNG +3.4%. GAZ +3.2%. EWJ +3.0%.
    ETF Losers: GDXJ -14.2%. GDX -11.5%. PSLV -7.3%. SLV -6.9%. SIVR -6.7%[View news story]
    GREK is up about 20% this week....
    May 17 04:51 PM | Likes Like |Link to Comment
  • Spanish unemployment rose to a fresh record of 27.2% in Q1 from 26% in the previous quarter and topped consensus of 26.5%, with 6.2M people out of work. Youth unemployment increased to 57.2%. The figures "highlight the serious situation of the Spanish economy as well as the shocking decoupling between the real and the financial economy," says Citi strategist Jose Luis Martinez. Ibex -1.1%. (PR[View news story]
    But you have to wonder how many of those people are now working informally and pretending to be unemployed....
    Apr 25 05:57 AM | Likes Like |Link to Comment
  • The EU is preparing to take the apparent non-template that is the Cyprus bailout and incorporate some elements of it into a new law that would force haircuts on large deposits in banks that fail, economic affairs chief Olli Rehn has said. Bundesbank Jens Weidmann says that the Cyprus crisis shows that banks can be wound up. Along with Rehn's comments, it also shows that depositors' money is no longer safe in Europe. [View news story]
    Unsure Now:

    West Africa isn't really terribly dangerous but I do enjoy backpacking around the region by myself, which does carry some risk. Alaska would appeal to me if it weren't so cold.

    In terms of my comment about risk and mental stability, people are different. Some people do not like risk, and so they are more comfortable in places where things are predictable and safe. Others find that kind of life suffocating and they may lash out in illogical and self-destructive ways. I was in no way making a blanket statement about behavior or peoples' motivations in developed countries.
    Apr 7 05:18 PM | 3 Likes Like |Link to Comment
  • The EU is preparing to take the apparent non-template that is the Cyprus bailout and incorporate some elements of it into a new law that would force haircuts on large deposits in banks that fail, economic affairs chief Olli Rehn has said. Bundesbank Jens Weidmann says that the Cyprus crisis shows that banks can be wound up. Along with Rehn's comments, it also shows that depositors' money is no longer safe in Europe. [View news story]
    WMARKW: That depends. If her small investment portfolio is small because you invested it in Enron, Worldcom, Fannie and Freddie, and MF Global then I'll bet she isn't too pleased.
    Apr 7 02:51 PM | 3 Likes Like |Link to Comment
  • The EU is preparing to take the apparent non-template that is the Cyprus bailout and incorporate some elements of it into a new law that would force haircuts on large deposits in banks that fail, economic affairs chief Olli Rehn has said. Bundesbank Jens Weidmann says that the Cyprus crisis shows that banks can be wound up. Along with Rehn's comments, it also shows that depositors' money is no longer safe in Europe. [View news story]
    Tack:

    I've been living in West Africa for the past 6 years, and that experience has made me very much aware of the risk of doing even the most innocuous activity. However, as you imply in your last sentence, I rather like living in a place where real risk exists because life is more interesting lived in that fashion.

    I sometimes wonder if some of the depression and people shooting up schools and stores in the developed countries comes from the possibility that men need to have some risk in their lives to feel alive....
    Apr 7 11:49 AM | 4 Likes Like |Link to Comment
  • The EU is preparing to take the apparent non-template that is the Cyprus bailout and incorporate some elements of it into a new law that would force haircuts on large deposits in banks that fail, economic affairs chief Olli Rehn has said. Bundesbank Jens Weidmann says that the Cyprus crisis shows that banks can be wound up. Along with Rehn's comments, it also shows that depositors' money is no longer safe in Europe. [View news story]
    Is the US any different? The US gov doesn't guarantee deposits above a certain amount either. So what place is completely and unreservedly safe?

    People have to realize that no place is 100% safe and they should never forget that. Only a fool would put their money somewhere and not keep an eye on it.
    Apr 7 05:46 AM | 5 Likes Like |Link to Comment
  • European stocks close sharply lower as a corruption scandal threatens to engulf the Spanish PM and Berlusconi surges ahead of elections in Italy. The Stoxx 50 -3.1%, led by Italy -4.4%, and Spain -3.7%. Germany -2.4%. So much for hot Januarys. The now-weeklong slide in Europe has brought the Stoxx 50 back to about flat YTD. [View news story]
    I was 75% in EU (Spain & France) stocks for two months. Sold all but 10% last week, thank FSM. Stock prices were getting way ahead of themselves, scandal or not....Spain was up like 20% from the bottom??? Way too much too fast.
    Feb 4 01:07 PM | 1 Like Like |Link to Comment
  • Mali Conflict: What It Means For Randgold Resources [View article]
    I agree. Living in Senegal and having been to Sikasso I don't see any risk to Randgold's property. The rebels have zero means of reaching these areas. In addition, the people in these areas absolutely opposed to this rebellion.
    Jan 21 06:51 AM | Likes Like |Link to Comment
  • The fiscal cliff deal will add almost $4T to the deficit over the next ten years, the CBO calculates, citing the codification of tax cuts for most Americans. However, despite the measures, overall taxes will increase for over 75% of households in 2013, says the Tax Policy Center. Meanwhile, Republicans and Democrats are hardening their positions ahead of the upcoming battle of the debt ceiling, which has around two months to run. [View news story]
    The debt ceiling will be raised. Too many congressmen have their fingers in the spending pie to make any real cuts. Many Republicans in Congress will squawk and fuss to make it look like they're deficit hawks when in fact they're only tax hawks, and always have been. In the end few spending cuts will be made.
    Jan 2 04:04 AM | 3 Likes Like |Link to Comment
  • The Fiscal Cliff Is The Best Fiscal Medicine [View article]
    Follow the money. See who has financially benefited the most over the past 10 years and ask yourself if they have sufficient influence in Congress to make this game continue.
    Nov 26 08:21 AM | 6 Likes Like |Link to Comment
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