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Tricky

Tricky
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  • Rather than build in Mexico as planned, Whirlpool (WHR +3.9%) will make a new plant in Tennessee the centerpiece of $300M in domestic manufacturing upgrades. The world's top-selling appliance maker has been aggressively consolidating and reorganizing North American facilities after acquiring Maytag in 2006.  [View news story]
    "Buy American" campaigns have never worked, it needs to make sense for all parties. I hope this works out well for Whirlpool, so they can serve as a poster child for making manufacturing work in the US again.
    Sep 1 11:16 AM | 1 Like Like |Link to Comment
  • The Obama administration proposes new rules for how auto makers advertise the fuel economy of a vehicle, labeling each passenger car with a government letter grade from A to D based on its fuel efficiency and emissions.  [View news story]
    Just to prove my non-partisan credentials -- this is as stupid as the fixation of the Bush Administration agonizing over the color codes for level of homeland security threat
    Aug 30 06:14 PM | 4 Likes Like |Link to Comment
  • BP (BP) opted not to bid for a drilling license near Greenland. A BP spokesman wouldn't discuss the reasons behind the decision, but Greenland's premier Kuupik Kleist has made it very clear that the Gulf spill affected his government's approach to drilling and that a company's safety record is key.  [View news story]
    Depends upon how much damage they caused
    Aug 26 11:24 AM | Likes Like |Link to Comment
  • Have You Seen U.S. CDS Risk Lately? [View article]
    One thing I always wonder about -- if the US actually defaults, in which case the world financial system pretty much hits the fan, do you really believe the counterparty is going to cover you?

    TIA for any education on that topic.
    Aug 19 04:27 PM | Likes Like |Link to Comment
  • Targeting the "unbanked," federal and local governments are once again trying to persuade the 17M Americans who rely on expensive check-cashing services to open their own bank accounts.  [View news story]
    Some fair points in your post.

    What I was getting at is, the reason for some of what we see has NOTHING to do with the government trying to take over our lives.

    Forced direct deposits are because it's a HELL of a lot cheaper to distribute pay electronically than cut checks. I believe that some payroll processors set price to their customers based upon how the pay will be distributed -- so those customers are going to select all electronic, and then force their employees to get direct deposit, to fulfill the terms of the contract for that favorable pricing.

    Libertarianism is good, but sometimes people on SA get a bit whacky :-)
    Aug 18 06:05 PM | 1 Like Like |Link to Comment
  • Targeting the "unbanked," federal and local governments are once again trying to persuade the 17M Americans who rely on expensive check-cashing services to open their own bank accounts.  [View news story]
    Oy, not sure why there is need for all the conspiracy theories. These kinds of customers WOULDN'T LEAVE ANY MONEY in the bank, the "banking system" would gain very little extra cash to do [whatever] with. I'm no lover of government, or the Obama administration in particular. But maybe this just is a (however misinformed and ineffective) attempt to try to help these people escape the check cashing fees.
    Aug 18 02:20 PM | 1 Like Like |Link to Comment
  • Targeting the "unbanked," federal and local governments are once again trying to persuade the 17M Americans who rely on expensive check-cashing services to open their own bank accounts.  [View news story]
    Oh, and don't forget that the banks charge monthly services fees for small balances... which would apply to just about all these people
    Aug 18 12:19 PM | 4 Likes Like |Link to Comment
  • Targeting the "unbanked," federal and local governments are once again trying to persuade the 17M Americans who rely on expensive check-cashing services to open their own bank accounts.  [View news story]
    A big factor is that the banks don't want to put branches in the neighborhoods where these people are. They perceive them as dangerous and not enough opportunity. The check cashing businesses flock to the retail centers near these neighborhoods. So a LOT of this has to do with convenience. They can walk to the check cashing store within a couple of blocks or spend more than an hour waiting for the various buses to take them to the nearest bank branch.
    Aug 18 12:18 PM | 4 Likes Like |Link to Comment
  • Today's low yields present new retirees with a stark choice: Accept the safe but low income, or take the risk of staying in the stock market. At current levels of return, some 59% of people aged 56-62 will be at risk of not having enough money to cover basic living and health care costs in retirement.  [View news story]
    Actually there's a third option -- keep working to bring in some active income. There's no human right that says you ought to be entitled to spend about a third of your adult life not working. It's amazing how this mentality developed over a very short period of human history.

    Of course, if you have saved up enough to retire at 62 and never work again, good for you. But I don't think I would ever fully retire, I'd get bored. Even if I hit my financial goals, I'd still do something to stay mentally engaged with the working world.
    Aug 16 11:52 AM | Likes Like |Link to Comment
  • An influential technology analyst says Apple (AAPL +0.7%) needs to start returning some of its $46B cash hoard to shareholders through a regular dividend or share repurchases. Apple's likely response: Microsoft (MSFT) pays a dividend. We do not want to be Microsoft.  [View news story]
    They make profits. That's like Microsoft. Are they going to stop doing that?
    Aug 12 06:08 PM | 1 Like Like |Link to Comment
  • Market Pessimism Is Distorting the Facts [View article]
    Are you even looking at your own chart? Your "stable claims" have stabilized at levels that represented the highs over that time period prior to the crisis.

    You crack me up -- a constant stream of articles about how "things are better than they seem because they aren't worse".
    Aug 12 12:57 PM | 4 Likes Like |Link to Comment
  • More on mortgages from John Carney, who points out a provision in Dodd-Frank that exempts FHA-guaranteed mortgages from banks' 5% risk-retention requirement; regulators expect Fannie (FNMA.OB) and Freddie (FMCC.OB) also will be exempted. "Unbelievably, the two entities whose mortgage market follies led to their collapses may well be given a pass when it comes to managing risk."  [View news story]
    It wears you out, working up the outrage so frequently regarding all this. And that's just what they're betting on -- we won't notice or will just run out of gas to fight it
    Aug 12 12:51 PM | 3 Likes Like |Link to Comment
  • New legislation that passed the U.S. Senate would require all companies with more than half their U.S.-based employees on skilled-worker visas to pay thousands of dollars in special new fees for each worker. Indian technology outsourcing firms would be hit hard. INFY -0.8%, WIT +1%.  [View news story]
    Indeed, excellent post. The xenophobes would also do well to remember that (last I read) about half the IT startups in the US (you know, the ones that grow fast and create a lot of jobs anywhere) are founded by "furners", particularly of Indian and Chinese extraction.
    Aug 6 05:06 PM | 2 Likes Like |Link to Comment
  • New legislation that passed the U.S. Senate would require all companies with more than half their U.S.-based employees on skilled-worker visas to pay thousands of dollars in special new fees for each worker. Indian technology outsourcing firms would be hit hard. INFY -0.8%, WIT +1%.  [View news story]
    The most important part of a policy is that it "feels good" at the time you enact it ;-)
    Aug 6 04:01 PM | 5 Likes Like |Link to Comment
  • New York state gets closer to a moratorium on shale gas drilling after a state Senate vote. Concerns over contamination from hydraulic fracturing make it likely the state will approve a temporary ban, with the biggest effect on applications from Chesapeake Energy (CHK), Talisman (TLM) and closely held Vertical Resources.  [View news story]
    I didn't vote on anybody's posts, but I'm happy to reply. Yes, energy independence is extremely important. Oil & gas are extremely important substances to us. But clean drinking water is even MORE important. Without energy, life is unpleasant, without clean water to drink, it is impossible.

    So we can't rush into this willy nilly.

    Your turn to explain why people don't have a right to not have their drinking water contaminated. TIA.
    Aug 4 02:10 PM | 1 Like Like |Link to Comment
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