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BerkeleyBob

BerkeleyBob
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  • Apple's Plan To Destroy The Large Cable Bundle [View article]
    A couple of points. Existing cable service a "bargain"? Why so much dislike of cable providers by consumers? An individually selected menu of channels is just a start. Loading up of commercials, up to 7 in a block is a major irritant and counter productive. Ability to get tv on an IOS doesn't thrill me.
    Aug 27, 2015. 01:59 PM | 1 Like Like |Link to Comment
  • Apple: Is iOS 9 Ad Blocking A Threat To Google? [View article]
    Not much mentioned of my preferred browser, Firefox. Agree that popups and advertisements in general are increasingly counter productive and irritating. There is a similar dynamic in streaming services for music. I am willing to pay for a subscription model which is ad-free and has a reasonably robust privacy policy. Don't know what the long term holds for Google or Facebook, but at present price levels, they are not a sleep at night long term hold.
    Aug 14, 2015. 01:55 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Iran, World Powers Strike Nuclear Deal [View article]
    Netanyahu is a toxic mixture of Ronald Reagan and Richard Nixon, and a friend of John Boehner and Lindsey Graham is no friend of our national interest. The Iranians reluctantly came to the table as a result of the sanctions, which have hurt. They have reason to dislike and distrust us, or don't you remember our great and good friend, the Shah? Are you sure our great and good friends, the Saud royal family will remain in power for the indifinite future? I aint.
    Jul 14, 2015. 06:27 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Greece's Future Hangs In The Balance [View article]
    I am surprised by the sparse comment on Hank Greenberg's litigation about the AIG bail out, and disappointed at the poor quality of reporting by the main stream media. I have not read the decision but it looks like what we used to call a "kissing your sister" decision. The takeover may have been ultra vires, but was clearly done under exigent circumstances. Full marks to the outgoing Bush administration who co-ordinated and briefed the Obama team and high praise to Robert Bernoshke who cleaned up the AIG books and returned significant value to shareholders. Mr. Greenberg deserves no praise; he is a goniff and no better than Bernie Madoff. He can appeal, but his "victory" will provide him no monetary gain, which is what he wanted.
    Jun 18, 2015. 02:42 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Charter Agrees To Acquire Time Warner Cable [View article]
    Re: housing bubble and TBTF banks.Hate to show my age, but does no one recall the S&L crisis of the 70's? Some similar factors at play, inflated appraisals, lax regulation, corruption and bribery of US Senators. The difference was that there were fraud convictions and decisive correction by regulators. Phil Angelides' report on the causes of the 2008 crash lays out the primary factors; I don't buy the libertarian dissent by my high school classmate, Pete Wallach. The absence of criminal liability and reliance on the DOJ on civil settlements is striking.
    May 26, 2015. 02:09 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Tesla Moves Into Energy Storage [View article]
    I was interested in CLNE, about the size of a refrigerator which was powered by CNG and appeared to provide energy for a household off the grid. Fairly expensive, in the $30 to 40 k range. Worth looking into, not ready for prime time yet. I would not count Musk out but the utilities have no friends among the public and many in government. There is a massive investment in a distributed power grid...
    May 1, 2015. 07:34 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: China Shares Extend Bull Run [View article]
    I am surprised there was no SA comment about that master of disaster, Hank Greenberg. Apparently the NY AG wants to proceed with a fraud trial. Don't know where Greenberg's federal claim for loss of share value post bail out ofAIG. We all owe a debt of gratitude for the late Robert Benosche (spelling?) for cleaning up the mess Greenberg created.
    Apr 22, 2015. 02:05 PM | 1 Like Like |Link to Comment
  • Einhorn: GE's chicanery on earnings [View news story]
    I am up 28% on a small position in GLRE. Not as much percentage gain on a much larger position in GE. At present and with dividends reinvested I am standing pat. Made a lot on Visa but in general, don't like financials.
    Apr 20, 2015. 07:17 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Gold Rises Ahead Of ECB Meeting [View article]
    Not much comment today about the announcement of two settlements with SEC and DOJ and two state attorney generals with S&P for its role in abetting the financial collapse of 2008. The amounts of the settlements are relatively derisory, but that continues a dismal pattern of this administration. Very disappointing. Maybe I am an outlier, but I am convinced that Eric Holder has been one of the worst AG's in recent history.
    Jan 21, 2015. 05:46 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Gold Rises Ahead Of ECB Meeting [View article]
    But I am never going to play surf music agin....
    Jan 21, 2015. 05:30 PM | 1 Like Like |Link to Comment
  • iTunes And Beats Music Should Not Be Merged [View article]
    I agree that iTunes is on a declining path. I was a subscriber to MOG, which was a great resource for music junkies. Maybe I am in a minority, but a higher resolution streaming service with a deep library I would pay for. I was intrigued by Qobuz but it seems to be having finial problems delaying its entry into North America.
    Oct 27, 2014. 10:18 PM | Likes Like |Link to Comment
  • Report: Apple shutting down Beats Music (updated) [View news story]
    Unlike most denizens of SA, I am a heavy consumer of music of several genres. I was a paying subscriber of MOG pre acquisition by Beats. I listen to my local and excellent college radio and buy 10 to 12 CD's or vinyl a month. I catch major and fringe acts when the mood strikes even at my age (74). I am convinced that a streaming high resolution on a subscription basis could work. I don't understand what Apple is doing here, but it does not seem committed to high quality music. Maybe Neil Young or Qobuz can show the way
    Sep 22, 2014. 11:08 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Amazon Agrees To Purchase Twitch For $970M [View article]
    And so the circular firing squad,armed with blanks, continued to shoot... The bankers got a bailout, the Fed held interest rates low with no discernible improvement to the economy, AIG rigged its books with reinsurance window dressing, Countrywide bottom-fished, those greedy lying borrowers defaulted, and the rating agencies, including S&P facilitated peddling the toxic collateral by blessing it with fraudulent ratings. The SEC and DOJ settlements were derisory and no one did jail time. A lot of equity vanished, the taxpayers paid and continue to pay and the divide in real wealth continued to widen. Am I missing anything?

    Aug 26, 2014. 04:42 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Russian Sanctions, Glaxo Guilty, VW-Fiat Rumor [View article]
    Some indications that the Fiat 500 sales are slowing in the US. Dunno if this makes any sense. VW does not have much of a market share in the US and remains with nagging reliability issues. I was in hopes that Alpha Romeo would import its coupe or hatchback and not just the beautiful but pricey sports car. VW/Audi makes a bullet-proof diesel and has a slick transmission, since no one wants or even can use a manual tranny. If this is going to work, a strong dealer net work and commitment to service is mandatory. I would not drive anything from GM, for example.
    Jul 17, 2014. 12:08 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Bank Lawsuits, Crude Sinks, Middle East Tension [View article]
    I don't mean to minimize the IRS debacle. Politicization of our tax collectors, and singling out groups, right, left or wing-nut for invidious attention by the IRS is very wrong. However, Congress has been unwilling to address the non-profit sections of the tax code, or intelligently respond to the bad policy, whatever the legal justification, by the SC in Citizens United which has accelerated the march of the plutocrats. Whether or not you agreed with everything Henry Waxman did, he was a hell of a lot more effective than Darryl Issa, who is a rich clown and more interested in television soundbites than doing substantive legislative work.
    Jul 11, 2014. 03:30 PM | Likes Like |Link to Comment
COMMENTS STATS
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