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Machiavelli999

Machiavelli999
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  • GM will lay off 1.3K employees for 5 weeks at a Detroit plant as it temporarily halts production of the Chevy Volt amidst sputtering sales. Polypore International (PPO -2.1%) - a supplier to the automaker's battery cell supplier - tumbles on the news.  [View news story]
    California has already mandated that 20% of cars have to be alternative fuel vehicles by 2025. What if 20% people don't want to buy alternative fuel vehicles?

    GovMo telling us we have to buy electric is no longer a joke or a hypothetical. It's real.
    Mar 4 02:44 PM | Likes Like |Link to Comment
  • GM will lay off 1.3K employees for 5 weeks at a Detroit plant as it temporarily halts production of the Chevy Volt amidst sputtering sales. Polypore International (PPO -2.1%) - a supplier to the automaker's battery cell supplier - tumbles on the news.  [View news story]
    Umm...that's how much it costs to produce. In fact, it costs even more. The car's price is subsidized.
    Mar 4 02:43 PM | 1 Like Like |Link to Comment
  • Auditors examining working conditions at the China factories that make products for Apple (AAPL) assure one outcome: Your iPhone is going to cost more in the near future. Sanford Bernstein analyst Alberto Moel says the independent Fair Labor Association’s current audit of Apple suppliers will very likely urge workplace improvements, which inevitably means higher costs for Apple.  [View news story]
    What will happen is exactly what you say. Some people will now go without an iPhone. Meaning less will have to be produced. Meaning less workers will need to be hired. So, now instead of having the option of working at Foxconn and making an above average living for one's country, the worker will be left with no income and be unemployed.

    Thank you benevolent liberal for your great perscription to our problem.
    Mar 2 12:23 AM | 1 Like Like |Link to Comment
  • Wal-Mart (WMT), McDonald's (MCD) and Starbucks (SBUX): Why do you pay your employees so little that most of them are poor? Profit margins at many big U.S. firms are near all-time highs, so there's plenty of room to pay more, but they've made the short-sighted decision not to do so. Henry Blodget thinks if they spent half their profit on better wages, it would help the employees, the companies and the economy.  [View news story]
    What's truly sad to me are not all the ignorant comments from SA commenters. I expect that. But Henry Blodget is supposed to be one of the top economists in his field and he is putting out drivel like this.

    It's actually amazing how much liberals are obsessed with money. Money is just a medium of exchange. Passing money around does not make a society richer. If that was true (and I hate to bring this example up) then Zimbabwe would be the richest country on Earth. Producing more is what makes a country richer.
    Feb 18 02:11 PM | 8 Likes Like |Link to Comment
  • Wal-Mart (WMT), McDonald's (MCD) and Starbucks (SBUX): Why do you pay your employees so little that most of them are poor? Profit margins at many big U.S. firms are near all-time highs, so there's plenty of room to pay more, but they've made the short-sighted decision not to do so. Henry Blodget thinks if they spent half their profit on better wages, it would help the employees, the companies and the economy.  [View news story]
    Henry Blodget, why are you so evil? Why do you pay your mechanic only the market rate for his services? Same to the farmer for your food (via the grocery store)? Same to any other service you hire from relatively poor people. You are obviously well off and can afford to pay them more. Why don't you do this??
    Feb 18 02:04 PM | 5 Likes Like |Link to Comment
  • A bipartisan negotiating panel is today expected to sign a deal to extend the payroll tax cut through this year, clearing the way for the House to vote on the measure, possibly this week. Democrats and Republicans have also agreed to cut the maximum number of weeks to collect unemployment benefits from 99 to 73 by the end of 2012.  [View news story]
    I think the Republicans actually finally got it right on this one. No tax hikes. A cut in the duration of unemployment benefits (although I am not sure why we have to wait till the end of 2012 for this). Also, it's a partial reform of the government pension scheme and it will have public workers pay more into their pensions. It also gets rid of $5 billion Obamacare boondoggle ("healthy living promotion"). Also, Spectrum auctions aimed at expanding wireless broadband service and raising revenue are also part of the deal and that's a great idea.
    Feb 15 11:38 AM | Likes Like |Link to Comment
  • Japan's current-account surplus widened to ¥303.5B ($3.95B) in December, up from ¥138.5B in November but much narrower than the previous year's ¥1.198T. The merchandise trade account however, saw its first annual deficit in almost half a century as exports for December declined 7% and imports rose by 9.8%.  [View news story]
    Floating currencies solve all trade deficit "problems". In fact, they are not problems at all and we need to stop fretting about it and devising protectionist policies to "fix it". If a country is importing more than it is exporting, its currency will eventually fall to rebalance the trade balance.
    Feb 7 07:38 PM | Likes Like |Link to Comment
  • Japan's current-account surplus widened to ¥303.5B ($3.95B) in December, up from ¥138.5B in November but much narrower than the previous year's ¥1.198T. The merchandise trade account however, saw its first annual deficit in almost half a century as exports for December declined 7% and imports rose by 9.8%.  [View news story]
    The high value of the yen is finally having its effect.
    Feb 7 07:36 PM | Likes Like |Link to Comment
  • Never mind what's happening in Europe, a Giants victory over the Patriots in the Super Bowl this Sunday may be all we need for these markets to really take off. The Super Bowl Indicator - which has an 80% predictive success rate - says that if an NFC team wins, the stock market will post significant gains for the year. Meanwhile, an AFC win signals a negative year for the markets.  [View news story]
    These indicators are so stupid and are biased by the fact that the Giants, Cowboys and Niners dominated in the 80s & 90s. While the Patriots and Steelers dominated in the 2000s.
    Jan 31 08:23 PM | 2 Likes Like |Link to Comment
  • California regulators pass sweeping auto emission standards that include a mandate to have 1.4M electric and hybrid vehicles on state roads by 2025. The new regulations, adopted in a unanimous vote by the state Air Resources Board, require cars and light trucks sold in 2025 to emit 75% fewer smog-forming pollutants and reduce carbon dioxide by about a third.  [View news story]
    So basically in 2025, an average car for me will cost $40,000 in California. FML.
    Jan 30 12:31 PM | Likes Like |Link to Comment
  • Facebook plans to file for its IPO next week with a valuation set for between $75B-$100B, according to the WSJ. The report nails Goldman Sachs as one of the major players in the deal. (previous rumblings: I, II[View news story]
    Hubert Biagi, just change your alias to 'Old Curmudgeon' and be done with it.

    Everyone generation tells the one before it how technology has made them less personable and less self-reliant. It's getting pretty old.
    Jan 27 02:38 PM | 1 Like Like |Link to Comment
  • Another Gingrich win next week might be enough of a catalyst to unsettle the markets. For the past two days, Romney’s vulnerability to the former House Speaker has been the talk of trading rooms. He is by far the preferred candidate on Wall Street, and many believe if he loses the Florida primary next Tuesday, he going have a hard time stopping Gingrich’s momentum.  [View news story]
    I am pretty sure Obama will be reelected anyway. But if Gingrich gets the nomination, you can etch it in stone.
    Jan 24 08:02 PM | 6 Likes Like |Link to Comment
  • Italian cab drivers strike and truckers block highways - disrupting traffic and commerce - in protest against elements of Mario Monti's plan to liberalize the economy in order to spur competition and growth. Monti was due to present the program, which could  help offset his deep austerity measures, to EU finmins today.  [View news story]
    It is funny how cabdrivers and truck drivers understand the economy better than the public and many politicians. Around the world, they are one of the most protected industries. Really all Monti wants to do is let more people be truck drivers and cab drivers if they want to be, but the cab drivers and truck drivers understand that this would be bad for them.

    What's sad is that around the world these two professions have huge protections. How did they get them? Ironically many times their cartels are state sponsored by "consumer protection" bureaucracies.
    Jan 23 11:46 AM | Likes Like |Link to Comment
  • Capitalism today may not be all we want it to be, but it's also not as bad as the critics would have you believe, says Larry Summers. While we may be stuck in a "cyclically, substantially depressed" economy right now, our system, warts and all, still beats the alternatives. (video)  [View news story]
    Capitalism has always been crony in some way. It has never been an ideal. Nothing is. I am reading a biography of Vanderbilt right now and his fight against a ferry transportation monopoly, granted by the state of New York, to an aristocratic family. This was in early 19th century.

    But I agree with Summers. It does beat the alternatives. I fear though that the world's march towards more open and free markets which began around 1980 ended at 2008. We will now slowly, but surely (and sadly), begin to revert to a more stagnant and statist world for at least a little while.
    Jan 10 08:50 PM | 3 Likes Like |Link to Comment
  • "2012 will give us the tightest year of apartment vacancies in recorded history," writes Karl Smith. The ensuing higher rents are obviously a boon to single-family housing as buying becomes cheaper than renting, but Smith sees the chance of a "transformative boom" in multifamily building that will not only charge the economic recovery, but alter the look of our cities.  [View news story]
    Will the local city governments ALLOW the dense development necessary for a growing population?

    Check out Ryan Avent's "The Gated City" which describes all the zoning regulations and land use laws that essentially make dense development impossible in many of American cities.
    Jan 8 04:44 PM | 1 Like Like |Link to Comment
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