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  • Tesla Motors has 500M reasons to build the Gigafactory in California [View news story]
    It's interesting that the car door design of recessed handles is so visually cool but it sure is a pain in the behind if you can't actually open the door.

    This is one of those unintended consequences of balancing technology and usability.

    Sometimes having the old-fashioned, back-up like a keyhole for a key isn't altogether a bad thing :)
    Aug 12, 2014. 09:51 AM | Likes Like |Link to Comment
  • Book Review: Fortune Tellers: The Story Of America's First Economic Forecasters [View article]
    Very interesting. People don't understand the fact that brokers are inherently conflicted when they trade from their own accounts and have no fiduciary requirement to the person they are speaking with. They can recommend a product for purchase that they are selling from their own accounts!
    Jul 18, 2014. 11:17 AM | Likes Like |Link to Comment
  • Housing Starts miss estimates in June [View news story]
    Jul 17, 2014. 08:59 AM | Likes Like |Link to Comment
  • Tesla May Have A Huge Unfunded Warranty Problem Due To Defective Drivetrains [View article]

    I thought that was obvious, the Edmunds blog was referenced in this article without being quoted and I thought this summation from the author and driver/reviewer of the Tesla being tested was interesting and filled in some blanks without introducing any bias one way or another. I like to go to the source to form my opinion rather than have my opinion of the source's veracity determined by someone else.

    I was actually quite surprised by these mechanical issues.

    Just like SA, the comments section of the Edmunds blog is where the interesting stuff gets said.
    Jul 16, 2014. 01:00 PM | 1 Like Like |Link to Comment
  • Tesla May Have A Huge Unfunded Warranty Problem Due To Defective Drivetrains [View article]
    From the Edmunds' blog:

    "Driving around the past few days with this car has reminded me of how good it is. People often ask me what I think of it, and I tell them this is an awesome car, with a huge caveat: Be prepared for things to go wrong. The Model S is a highly advanced car from a company that is just learning the ups and downs of manufacturing vehicles on a large scale.

    I usually recommend that people lease an EV, rather than buy one. EVs are like smartphones: The technology moves so fast that three years from now, something vastly better will be out. Plus, it avoids any resale and long-term maintenance issues. But leasing is not an option for the Model S (unless you own a business), so if you're set on buying one, or already have one and plan on keeping it for a while, I would HIGHLY recommend that you buy the extended service plan for $4,000.

    Here's why: Tesla does not have a powertrain warranty like ever other carmaker. The drive units are covered under the new-car limited warranty of four years or 50,000 miles. Only Tesla knows what these drive units cost on a retail level, or the hours of labor you'd need to pay for a repair out of your own pocket.

    The battery has an amazing eight year or 125,000-mile warranty. And though we've replaced our battery once, experience has shown that it's the drive unit you should really be worried about."
    Jul 15, 2014. 05:16 PM | 4 Likes Like |Link to Comment
  • Ikea lifts minimum wage, adding pressure to McDonald's, Wal-Mart [View news story]
    Curious how this move puts pressure on walmart and McD's?

    This is how it should be done in any event - voluntarily without force.
    Jun 26, 2014. 11:49 AM | 3 Likes Like |Link to Comment
  • GDP contracted 2.9% [View news story]

    Come-on, even you have to admit this is a horrible number. There was exactly zero economists predicting this entering the year so what it proves is that consensus thinking is generally wrong - a very valuable lesson.

    That doesn't mean that the consensus that markets will collapse in a recession isn't wrong either which is why we should separate discussions of stocks from discussions of the economy.

    "PCE growth was revised down from 3.1% to 1.0%"
    Jun 25, 2014. 08:56 AM | 5 Likes Like |Link to Comment
  • GDP contracted 2.9% [View news story]
    Holy crap! All I can say is wow.

    Does it really need two quarters of negative growth to qualify as a recession when the drop is this big?
    Jun 25, 2014. 08:44 AM | 5 Likes Like |Link to Comment
  • Argentina refuses to pay $1.5B to bondholders [View news story]
    Who says history doesn't repeat?
    Jun 17, 2014. 09:30 AM | Likes Like |Link to Comment
  • Egypt swears in Sisi [View news story]
    When discussing religion and politics it is best to keep one's thoughts to oneself :)

    If I could delete this now I would.
    Jun 8, 2014. 04:02 PM | 2 Likes Like |Link to Comment
  • Egypt swears in Sisi [View news story]
    "Sisi is said to have won 97% of the vote in last month's election"

    I didn't know the President was on the ballot :)
    Jun 8, 2014. 03:34 PM | 1 Like Like |Link to Comment
  • P&G keeping costs down during green transition [View news story]
    "To balance its green initiative, the company is cutting 3,000 office jobs"

    The "green movement" in a nutshell.
    Jun 1, 2014. 11:36 AM | 6 Likes Like |Link to Comment
  • Q1 GDP revised to decline of 1% [View news story]

    I like what you write, however I suggest you break it into paragraphs. I am so trained to read by paragraph that it is more work to read when it is like this.

    I suspect I am not the only one with this opinion :)
    May 31, 2014. 09:54 AM | 1 Like Like |Link to Comment
  • Q1 GDP revised to decline of 1% [View news story]

    While you are completely right about the definition, I was simply taking artistic license to make a point.

    Surely on your point about costs being well-known years ago, I think you must be joking. Only the so-called kooks, racists, and right-wingers (like me) were making this point, correctly as it turns out.

    In the mainstream media which is just about everything on TV the Act was sold as a cost-reducer as per the President 19 separate times in this video:

    "Obama Promises To Lower Health Insurance Premiums by $2,500 Per Year"

    I guess he meant to say increase. Ooopppss.

    I stand by my original idea even though it's more like a gray swan :)
    May 29, 2014. 12:41 PM | 4 Likes Like |Link to Comment
  • Q1 GDP revised to decline of 1% [View news story]
    Can an act of legislation be a Black Swan?

    From the USA Today:

    "Many employees hit with higher health care premiums"

    More employees are getting hit with higher health insurance premiums and co-payments, and many don't have the money to cover unexpected medical expenses, a new report finds.

    More than half of companies (56%) increased employees' share of health care premiums or co-payments for doctors' visits in 2013, and 59% of employers say they intend to do the same in 2014, according to the annual Aflac WorkForces Report. It's based on a survey of 1,856 employers and 5,209 employees at small, medium and large-size companies.
    May 29, 2014. 10:16 AM | 5 Likes Like |Link to Comment