Supply and Demand: Housing Sales Increase in California and Florida [View article]
Once again Perry shows his ignorance of statistics and markets. The statistical base that he uses is contingent on real estate transfers filed with the particular County. Those transfers include foreclosed property that have been "purchased" back by the lender. Which also accounts for the dramatic decrease in values.
A New Goal for TARP Funds: Create Mutual Banks [View article]
David send it, not just to Obama and Congress. Send it along to all the financial news channels and magazines as well. Start a groundswell. Right now we need fresh, bold ideas. Presently Congress is only listening to the same people who got us into this mess.
Putting $1T Subprime Mortgage Losses in Perspective [View article]
This guy (Perry) has got to be the biggest idiot to ever walk. That "56 T" figure would have to include the value of individual houses. And considering that statistics like those would be trailing indicators, it would not take into account home value loss. Everytime I read a post by him it reminds me why I didn't send my children to UM/Flint. The man is totally out of touch with reality.
Is There Any Hope for the Big Three Auto Makers? [View article]
Turning GM around is like turning an aircraft carrier (on dry land). The Hummer debacle shows how entrenched to "no change" they are. Billy Ford is a different breed of the Ford Family. He saw that he could not do it alone and brought in Mulally at the right time. I think that Ford at 4 might be the play for the future. Similar to grabbing Chrysler in the late 70s, early 80s. That worked for me, selling before the Daimler fiasco.
To Meet Wind Power Goals, Government Action Needed [View article]
I'm betting if Floorboard saw pictures of "hundreds of windmills" it was probably Texas. More South than West. But still part of the American expansion of the 19th Century, still part of the Cowboy culture that built the West and Southwest. Harnessing nature to live their lives. "Windmills" have been used on farms and ranches for hundreds of years here. Wind Turbines are just larger scale windmills. The studies are still being conducted on Wind Farm effects to bird populations and so far the data does not support any increases in bird deaths. We do need to carefully place Wind Farms to make sure that fly ways and migration paths are not altered. But not a single point of your comment can be backed by any scientific data. Facts based on opinons mean nothing. Opinions must be based on facts.
All of the Motor-Fuel Alternatives to Conventional Crude Oil Stink [View article]
Scott's article points out the short view to alternative fuels. But the real, long term problem is infrastructure. The most efficient way to produce hydrogen (short answer) is via wind turbine electricity sent to a filling station to electrolicize the molecules, compress and store them. When compared to 2005 gasoline production costs wind/hydrogen is within three cents of mean production costs. But requires investment to move the electricity to the filling point. Scott's point on hydrogen being more energy intense is correct with the present infrastructure. It would depend on coal gasification to produce, then sent to a central distribution point, then trucked to a station. That method is controllable for an "oil" company. They control the production and distribution, where the quarterly money is made. We have become lemmings to "quarterly profits". Even when a company has a good quarter, traders and analysts (most having never actually worked in a job), decide that it was not good enough for them. So companies have no incentive to fund infrastructure improvements. I would much rather see a company plan that shows me a sustainable (in business terms) program, not this quarter but for the next 10 years. Show that you will still be IN business because you planned for the future, not just the present. Obama could easily change his windfall tax scheme to provide tax incentives for REAL infrastructure improvements, and penalties for NO improvements. In other words- put that multibillion quarterly profit into the future and we will back off on taxes, keep thinking of only today and we'll tax you till you bleed. And the improvements have to be real, physical and usable. No breaks because you "are thinking about doing something". Some of the alternative energy could work, if we just had a way to get it to the masses.
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Latest | Highest ratedSupply and Demand: Housing Sales Increase in California and Florida [View article]
A New Goal for TARP Funds: Create Mutual Banks [View article]
Putting $1T Subprime Mortgage Losses in Perspective [View article]
Is There Any Hope for the Big Three Auto Makers? [View article]
To Meet Wind Power Goals, Government Action Needed [View article]
Facts based on opinons mean nothing. Opinions must be based on facts.
All of the Motor-Fuel Alternatives to Conventional Crude Oil Stink [View article]