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Johann Galt

Johann Galt
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  • DOJ again objects to Tom Horton's $20M AMR severance package [View news story]
    20 million for driving an airline into bankruptcy. The reward for doing so has apparently gone up- Delta's CEO only got 8 million.

    I'd ruin an airline financially for half of either.
    Aug 13 11:41 AM | Likes Like |Link to Comment
  • Canada's oil sands industry turns to algae to appease Obama [View news story]
    because the world might possibly melt if Keystone is built . . .
    Aug 12 03:44 PM | 2 Likes Like |Link to Comment
  • Blackberry halted [View news story]
    No- Thurston Howell is missing.
    Aug 12 08:54 AM | 2 Likes Like |Link to Comment
  • Annie's misses by $0.02, misses on revenues [View news story]
    These are last quarter's numbers aren't they? Other outlets show EPS 12c v. 14c expected.
    Aug 8 04:39 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Angelodebo:

    Your insurance company paid the cash price, or less for the CT Scan. The charge is completely irrelevant, and is so exorbitant because Medicare pays nothing for a CT scan, and instead lumps it in as included with the payment it makes for the treatment code. Medicare's reimbursement for the treatment is usually less than 10 percent of the hospital's billed charges, and almost certainly well below the hospital's costs for same.

    That's why so many doctors are dropping out of the Medicare system, BTW.
    Jul 10 12:01 PM | Likes Like |Link to Comment
  • Investing In Tesla? [View article]
    "I EQUATE THIS TO DRIVING A $50.000 automobile."

    Umm... didn't your Tesla cost at least $62,000?
    Jun 24 12:24 PM | 1 Like Like |Link to Comment
  • While producer prices may have risen more than expected and the most since February last month, don't expect anyone to get too bent out of shape. Stripping out food and energy — which rose 0.6% and 1.3% respectively thanks to a spike in prices for the always dangerous combination of eggs, imitation cheese, and gasoline — wholesale prices rose only 0.1% (nicely in line with estimates) and just 1.7% Y/Y. The accepted interpretation from Reuters: "Underlying inflation pressures remained muted, which could argue against an early scaling back of QE." [View news story]
    And I just drove all over town to get a 1% interest rate for 3 months on a savings account. From an acct yielding .4%

    (1.7% y/y is no problem?).
    Jun 14 09:31 AM | Likes Like |Link to Comment
  • The view from China is that U.S. politicians miss the big picture as they prattle on about the impact of a Chinese company buying Smithfield Foods (SFD -0.2%). Despite the focus on the Smithfield deal, China still doesn't rank in the top 20 nations for foreign direct investment in the U.S. According to groups supporting China acquisitions, those investments help bring the cultures closer which can ultimately mean more sales for U.S. firms (Nike, McDonald's, Coca-Cola, etc.) in China. [View news story]
    . . . and in cyberattacks on US military/govt computer systems
    Jun 10 10:37 AM | Likes Like |Link to Comment
  • Details are out on Tesla Motors' (TSLA +0.8%) Supercharger network. By the end of 2013 the network will extend from coast to coast, but for now California is the best place to take a Model S on an extended trip. A new version of the automaker's battery charging system will allow a Model S to charge at 120kW (3 hours of driving) in just over 20 minutes. Musk says the company can't wait for other automakers to agree with its strategy as he puts out a "copy us or join us" directive to the group. (interactive Supercharger map[View news story]
    I think I may initiate a position in some long puts, based solely on the zealotry of those bullish on the stock. Any negative analysis is greeted with disdain and vitriol. Gotta be a contrarian indicator.
    May 30 02:48 PM | 4 Likes Like |Link to Comment
  • A new Harvard study shows that immigrants may not be as big a burden on the healthcare system as critics claim. Immigrants to the U.S., particularly those without citizenship, contributed $115.2B more to the Medicare Trust Fund during the past decade than they withdrew. The study looked at data from 2002 to 2009, showing for example that in 2009 alone, American-born citizens took $30.9B out of Medicare, while immigrants provided a surplus of $13.8B. The study concluded that policies which restrict immigration may in fact deplete Medicare’s financial resources. [View news story]
    Silly study. First, any immigrant that legally works here is forced to pay the Medicare tax. Those on temporary visas, or that return to their respective countries never draw from Medicare. Or, they become American citizens prior to 65, and fall out of the "immigrant" category, while their contributions as "immigrant" count in the study.

    Similarly, an illegal immigrant similarly pays, and a great portion of these folks return home prior to becoming Medicare-eligible.

    Moreover, the study compares apples to oranges. Medicare is not a valid proxy for the "burden on the healthcare system", which is obvious given that the majority of the population are not eligible.

    Lastly, anyone who works or has worked in an emergency room, virtually anywhere in this country can attest to the complete invalidity of this study.
    May 30 02:42 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Bob123- correct. Thus, if you had $200,000 in capital gains last year, you paid taxes on the entire gain. Then if you lost $200,000 this year, and decided to change your risk profile to say, CDs, you can write $3000 off your ordinary income for the next 66 years, all the while paying full taxes on CD income.

    Think that happened to anyone in 2007-2008?

    Yep, that's fair.
    May 10 10:25 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Ignis:

    A further shame is that your Dad likely paid taxes on all of the gains he made until 2007. Great racket Uncle Sugar has set up- all the upside but very limited downside risk.
    May 10 10:16 AM | 3 Likes Like |Link to Comment
  • Senator John McCain will introduce legislation shortly to overhaul the TV business by giving consumers the option to buy channels on an individual basis (a la carte) - instead of seeing only large bundles as options. The politician will face fierce resistance from broadcast (NWS, DIS, CMCSA, CBS, AMCX, SNI, OUTD, DISCA, VIAB) and cable companies (CVC, CHTR, TWC) but may have a friend in upstart Aereo which has been rankling a few feathers as well. (Aereo timeline[View news story]
    . . . because this subject is REALLY important, what else could our politicians concentrate on?
    May 9 09:11 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    gggl: Bingo. It's impossible for a family farmer to pass his land to his kid(s), because of the estate tax- his kids would have to come up w/ cash to take the 50% hit. And despite their paper wealth, generally that's impossible.

    But who cares about those people?
    May 7 10:46 AM | 5 Likes Like |Link to Comment
  • Air traffic control operations are set to return to normal by this evening after the FAA ended the staff furloughs that had caused the delay of thousands of flights since coming into effect last Sunday. The FAA's move follows Congress' passing of legislation that allowed the agency to redirect up to $253M of its airport improvement budget to fund staffing and operations. [View news story]
    Lost in all this is that the "sequester" barely made any dent at all in fed spending. Why has no one asked how the FAA managed when the fed budget was under $1T?

    Crumbling infrastructure b/c of the sequester?

    Idiocy.
    Apr 28 07:03 PM | Likes Like |Link to Comment
COMMENTS STATS
235 Comments
546 Likes