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Johann Galt

Johann Galt
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  • Wall Street Breakfast: Must-Know News [View article]
    and what do you expect the enemy that shuts down our infrastructure via cyber war shall do next? Wars will always be fought with "boots on the ground." Cyber war is just another facet of war.
    Dec 13 10:51 AM | 1 Like Like |Link to Comment
  • A pair of right-to-work bills are officially passed in Michigan to set the stage for new employees at General Motors (GM +0.3%), Ford (F -0.1%), and Chrysler (FIATY.PK) to skip around union fees. While labor groups are still making quite a bit of noise on the issue, the Big Three have been deathly quiet[View news story]

    There is no prohibition of any sort to labor "organizing". But nobody in this country should be forced to "organize", simply because they choose to work for a certain company.
    Dec 11 03:53 PM | 7 Likes Like |Link to Comment
  • More on the plunge (worst since 1986) in the NFIB small business index: "Something bad happened in November ... and it wasn't Hurricane Sandy," says the NFIB's Bill Dunkelberg. A "stunning number" of owners expect conditions to worsen over the next 6 months." Note: The NFIB excluded responses from those in Sandy-affected states from the final tally. [View news story]
    Interestingly enough, while "almost half" of voters were disappointed, the disappointed percentage among those who provide the jobs was far higher than almost half. Ultimately though, ya do still gotta work.
    Dec 11 08:52 AM | 5 Likes Like |Link to Comment
  • Fiscal Cliff And Deficit Conversation Misses The Point [View article]
    After WWII there was no economy left standing except that of the United States. Gov't receipts rose quickly because our economy. I'm not sure inflation was nearly as big a factor as the expansion of the U.S. economy, in terms of debt reduction.
    Dec 7 11:55 PM | 2 Likes Like |Link to Comment
  • Fiscal Cliff And Deficit Conversation Misses The Point [View article]
    Our politicians get their fiscal philosophies from Thelma and Louise.
    Dec 7 10:10 AM | 3 Likes Like |Link to Comment
  • More on Nonfarm payrolls: The guts aren't as pretty as the headline. Revisions downward to the Sept. and Oct. numbers total 49K, about equal to the 53K beat. The improvement in the unemployment rate comes as the labor force participation rate falls to 63.6% from 63.8. The employment-population ratio falls to 58.7% from 58.8%. The average workweek is flat at 34.4 hours. [View news story]
    Yeah, Jack Welch was a madman!
    Dec 7 10:04 AM | Likes Like |Link to Comment
  • Here's the White House math behind why "tax reform" can't replace all the income from letting the Bush tax cuts for the rich expire: Limiting a cap in deductions to incomes over $250K leaves only $800B in revenue; phasing in a cap to avoid a "cliff" reduces revenues to $650B; excluding the charitable deduction reduces it to $450B. That's why the likeliest outcome is a hybrid approach that combines an increase in marginal tax rates with a cap in deductions. [View news story]
    Like all things falling, it stops at impact.
    Nov 29 08:59 PM | 4 Likes Like |Link to Comment
  • The GOP says the White House is demanding $1.6T in tax increases up front as part of any budget deal, reports the WSJ. The White House also wants the payroll tax credit to continue and a "permanent" increase in the debt limit. [View news story]
    What the hell is a "permanent" increase in the debt limit. Infinite?
    Nov 29 05:22 PM | Likes Like |Link to Comment
  • Electric vehicle roundup: 1) Fisker taps former GM chief marketing officer Joel Ewanick to be its new chief commercial officer. 2) General Motors (GM -0.6%) will debut an all-electric version of the Chevrolet Spark at the L.A. Auto Show this week. 3) The Mercedes Benz (DDAIF.PK) B-Class Electric Drive is slated to hit North America in 2014 after recording solid demand and interest abroad. The model utilizes the battery from the Tesla (TSLA -1.5%) Model S. [View news story]
    My 1984 Toyota Celica GT got 37 MPG at 137,000 miles at the time it was stolen in 1994. For the life of me, I can't understand how/why I'm supposed to get excited about an ugly, tiny "green" car made 30 years later that gets 38 mpg. And is made of plastic.
    Nov 27 10:41 AM | Likes Like |Link to Comment
  • The fallback continues for DreamWorks (DWA) after Rise of the Guardians fails to meet expectations at the box office against stiff competition. Janney Montgomery Scott analyst Tony Wible calls the opening weekend one of the "most disappointing" in the firm's history, while Caris downgrades the company to a Below Average rating. The biggest complaint on the film is that the Avengers formula of cramming a bunch of well-known characters (Santa Claus, Tooth Fairy, the Easter Bunny, et. al.) into a buddy movie failed this time around. [View news story]
    They need to get a How to Train your Dragon sequel out. My kids have watched the original about 100x. And I have too.
    Nov 27 09:22 AM | Likes Like |Link to Comment
  • Starbucks And Teavana: A Match Made In Heaven? [View article]
    Excellent call.
    Nov 14 03:19 PM | Likes Like |Link to Comment
  • With over 130,000 New York State residents still without power following Superstorm Sandy, Governor Andrew Cuomo has created a commission to investigate the area's utilities for their handling of the storm and to recommend reform. "It has to be overhauled and you need a new system," Cuomo said. NY power companies include ConEd (ED), CH Energy (CHG) and National Grid (NGG). [View news story]
    I just can't wait for this kind of efficiency to be implemented on a national scale.
    Nov 14 08:32 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]

    "the shallows off nags head are littered with remains from not so tiny hurricanes."

    Oct 31 09:48 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Yeah, it's climate change that causes hurricanes. Back when there were no cars, we didn't have hurricanes. Or if we did they were tiny.

    And the Earth has never been warmer than now. Nor has polar ice ever been smaller. And the oceans have never been this high.

    Or, maybe not.
    Oct 30 01:35 PM | 3 Likes Like |Link to Comment
  • Nuclear expert Arnie Gundersen says there are 26 nuclear plants in the path of Hurricane Sandy, and the spent fuel pools in the plants don’t have backup pumps. The Oyster Creek (EXC) nuclear plant - one of the oldest in the U.S. and of the same design as Fukushima Unit 1 - is located near New Jersey’s shoreline in an area forecast to take a direct hit from the hurricane. [View news story]
    In other news, it's also predicted that the low pressure from Hurricane Sandy on the East Coast will trigger the San Andreas Fault, finally causing SoCal to slide into the ocean . . .
    Oct 29 10:07 AM | 2 Likes Like |Link to Comment