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Johann Galt

Johann Galt
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  • A deli manager from a Wal-Mart (WMT +0.2%) hopes an online petition she started will lead to the resignation of the firm's Chairman and CEO - as well kickstart an external probe of the company. While the rabble-rousing may not make a difference in how the board tackles their Mexican scandal, it's more evidence that questions about the company are likely to remain on display despite its "ultra-strict ethics code." [View news story]
    Companies have to bribe officials in Third World countries? Shocking!
    Apr 27, 2012. 03:59 PM | 1 Like Like |Link to Comment
  • Friday Follies: Come And See The Show [View article]
    Yes, "the whole thing is well documented in Wikipedia." As Virginia requested, let's stick to facts:

    "Michael Chertoff, Secretary of the Department of Homeland Security, decided to take over the federal, state, and local operations officially on August 30, 2005, citing the National Response Plan.[101] This was refused by Governor Blanco who indicated that her National Guard could manage."

    I don't know how to post a hyperlink here, but see:

    And Bush is definitely not "my guy."
    Apr 24, 2012. 09:51 AM | Likes Like |Link to Comment
  • Friday Follies: Come And See The Show [View article]
    Phil, you've outdone yourself wrt Katrina. Before Katrina, Bush couldn't do a g-d thing about Katrina until the Mayor, through the Gov REQUESTED FEDERAL INTERVENTION. A fact conveniently unexplored during the press' orgasm of idiocy post-Katrina.

    I'm not saying FEMA didn't screw the pooch after federal help was requested--I don't know. But to lay Katrina's disaster at Bush's feet is exactly the kind of uninformed idiotic drivel that passes for political commentary nowadays.

    Try figuring out our system of gov't before you post something so blatantly misplaced.
    Apr 23, 2012. 11:30 PM | Likes Like |Link to Comment
  • Friday Follies: Come And See The Show [View article]

    Let's not forget the costliest natural disaster in American history (Katrina), and the one of the biggest natural disasters in human history (Indonesian earthquake, 200,000 dead?).

    Yeah, Bush had it easy.
    Apr 23, 2012. 03:08 PM | Likes Like |Link to Comment
  • Friday Follies: Come And See The Show [View article]

    You nailed it. I notice these "progressives" didn't respond to your real world example of how America is supposed to operate. How it still can. Great example, and one we rarely hear about anymore.
    Apr 23, 2012. 02:59 PM | Likes Like |Link to Comment
  • Delta (DAL) could be getting into the refining business as early as this week, according to a source, who says a deal for the airline's $100-125M purchase of Conoco's (COP) shuttered Philadelphia-area refinery may be imminent. Delta remains hopeful the buy can help it save a portion of the billions it spends on jet fuel each year.  [View news story]
    This is either madness or genuis- I can't figure which.
    Apr 16, 2012. 04:02 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Iranian Oil Sanctions Gain Chinese Boost [View article]

    The flaw in this argument is that you presuppose sexual orientation as a protected minority, equivalent to race. There is little support for this constitutionally. To continue with my absurd earlier analogy- a family is a "specific minority". By your reasoning, it is unconstitutional to forbid family members from marriage.
    Apr 5, 2012. 02:58 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Iranian Oil Sanctions Gain Chinese Boost [View article]

    "Are you saying homosexuals (or groups representing them, the DOJ in this instance) have no right to assert that DOMA is unconstitutional?"

    I'm unfamiliar with what "rights" homosexuals do not have. Certainly, marriage isn't a "right". I can't marry my Mother, Sister, Cousin, Stepmother, or cousin(and I live in TN!). Are you saying these laws are unconstitutional? Heck, I'd love to marry my Dad, and thereby skip the estate tax. (but I digress).

    Further, your 3/5ths argument is completely mistaken. The Northern Founders negotiated the 3/5ths with the Southern Founders so that the South could not count slaves as citizens; thereby exaggerating their true population. The South considered them property, the North observed, so if slaves were property, then Northern States could count their chairs for purposes of population. The intent was not to denigrate the slaves, but to remove an incentive for increased slavery, with a view towards abolition. Frederick Douglas made this observation, which makes it pretty hard to dispute.

    Lastly, corporations aren't "people", they are considered "persons" for the purposes of law. An extremely vital and necessary part of American jurisprudence, but as I've written too much already, I will leave it by stating that with "personhood" comes rights AND responsibilities.
    Apr 5, 2012. 01:20 PM | 2 Likes Like |Link to Comment
  • Top 1% Tuesday: $105,637 For Me, $80 For You! [View article]

    The "source" of anger, political unrest, and revolutionary sentiment as you put it is apparently envy and jealousy. What "mountains of resources" do trust funders "take" from the economy? They spend their trust $$, do they not?

    In fact, taken for granted "they" receive millions annually, it is far more likely they pay to government far more than regular folks.

    So, in short, it would seem your entire point is that it's not fair they should get to sun on the beach, while the rest of us work. Hence, the real "source" of discontent is simply envy.
    Mar 27, 2012. 02:26 PM | 4 Likes Like |Link to Comment
  • Senators Debbie Stabenow and Pat Roberts intend to introduce a bipartisan resolution today urging MF Global's (MFGLQ.PK) trustee to drop a reported plan to propose bonuses for execs who worked at the firm when it collapsed. However, the resolution would carry no legal force.  [View news story]
    I agree. Perhaps these Senators could find a more productive use of their time. If a Senator's time can be termed "productive", anyway.
    Mar 27, 2012. 12:21 PM | 1 Like Like |Link to Comment
  • Ten-year Treasury yields at 2% suggest an economic slowdown, while narrowing corporate spreads point to a healthy expansion, notes Sober Look. It's Treasury yields looking more suspect given the rise in inflation expectations, meaning it's a matter of time before the 10-year begins a move towards 3%. TLT -0.3%.  [View news story]
    Been hearing this for years now . . .
    Mar 9, 2012. 03:48 PM | 2 Likes Like |Link to Comment
  • Proposed Dividend Tax Is As Uninformed As It Is Naive [View article]

    I guess you don't heed your own advice. Here's an excerpt:

    "On a daily basis, I hear from yet another woman from Georgetown or other schools or who works for a religiously affiliated employer who has suffered financial, emotional, and medical burdens because of this lack of contraceptive coverage. . . . [a woman] told us of how embarrassed and powerless she felt when she was standing at the pharmacy counter, learning for the first time that contraception wasn’t covered, and had to walk away because she couldn’t afford it."

    So, yes, Ms. Fluke was demanding a subsidy because she chooses to have sex, and thinks it's a collective responsibility to prevent her from becoming pregnant.

    Sure, she later goes on to talk about non-reproductive uses for contraceptive drugs--BUT, and it's a big one - THESE ARE ALREADY COVERED!

    So her entire argument was that somebody else needs to pay for her pregnancy prevention. And I didn't need Fox News to clarify that- it's patently obvious.
    Mar 7, 2012. 09:49 AM | Likes Like |Link to Comment
  • Proposed Dividend Tax Is As Uninformed As It Is Naive [View article]
    rw: no, not the "right wing". It was leftist policy, sold as "centrism" that foolishly the Republicans pursued through the last administration. They were just as wrong as the current administration. You sound like a child: "you did it, so I get to do it!"
    Mar 2, 2012. 12:14 PM | 1 Like Like |Link to Comment
  • Sodastream's (SODA) Q4 may have beaten forecasts and the company might have raised its quidance, but shares are -15%. Calling it a "Fad stock," CNNMoney's Paul LaMonica tweets: "It's heavily shorted and has P/E over 30X '12 EPS."  [View news story]
    How does he figure that P/E? They made EPS = $1.60 in 2011, and forecast income to increase for FY'12. I'm clearly missing something.
    Feb 29, 2012. 09:11 AM | Likes Like |Link to Comment
  • Procter & Gamble (PG +2.4%) plans to cut 5.7K jobs in 2013 and reduce its costs by $10B by 2016, according to CEO Bob McDonald. The company also reduced its earnings estimates for FQ3 and FY12 based on the impact of the sale of the Pringles brand to Kellogg. [View news story]
    This can't be. I have it on good authority the President has fixed the economy.
    Feb 23, 2012. 01:38 PM | 3 Likes Like |Link to Comment