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DrData02

DrData02
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  • Market preview: U.S. stock futures are little changed as investors shrug off some shockingly bad Chinese trade data and await the latest FOMC minutes and a speech from Ben Bernanke. The S&P Mini is flat. H-P rises 2.9% after an upgrade from Citigroup, while Family Dollar Stores gains 3% following earnings. Later: Wholesale Trade, EIA Petroleum Status [View news story]
    What? O What, will Bernanke say?
    Jul 10 11:04 AM | Likes Like |Link to Comment
  • Facebook (FB) has disclosed that it received 9,000-10,000 requests for information about 18,000-19,000 accounts from all U.S. government entities in H2 2012, whether those entities be local authorities or the NAS. Microsoft (MSFT) received 6,000-7,000 requests, although Google (GOOG) declined to provide the information, saying it wanted permission to provide more detailed data before releasing such information. [View news story]
    At this point it is clear the number could just as well be 120,000 or any other number. There is little credibility left in the government or the system -- including the big companies vested in the status quo. The real issue is these consistent attacks on the US Constitution. Maybe someone in power will stand up to defend it.
    Jun 16 04:14 PM | 2 Likes Like |Link to Comment
  • Options for dealing with Syria's chemical weapons use include but are not exclusive to military force, says WH press secretary Jay Carney, though adding an "airtight case" has yet to be made they were actually used. [View news story]
    Just give Colin Powell a call. He can wave a can of hairspray around and swear it is a WMD.
    Apr 26 12:42 PM | Likes Like |Link to Comment
  • Has Paul Krugman Gone Too Far This Time? [View article]
    News flash to the EVERYONE: the Republican House MAJORITY was re-elected--act accordingly.

    The number of votes for Republican Congresspersons (as a whole--covering the same voters) was FAR greater than those for Obama. These are the people closest to the voters. At the local level there is far more choice (and the chance to really influence who is a candidate) than there is for President (or Senator).

    No. Obama has no mandate, only a political machine. The House should stand its ground.
    Nov 14 11:07 AM | 2 Likes Like |Link to Comment
  • In an indication of just how broad demand for cars in the U.S. has become, even luxury sport car sales are on the rise. The U.S. importer of Porsche cars says U.S. sales soared 39% in August and now stand up 9% YTD compared to last year. [View news story]
    Sales of luxury cars indicate broad demand???

    You guys (SA) should hire some editors.
    Sep 4 12:53 PM | Likes Like |Link to Comment
  • It's open season on the trading positions at JPMorgan's (JPM) Chief Investment Office, and the $2B loss disclosed 4 days ago has grown to $3B, according to sources. Markets will fluctuate and today's loss could be tomorrow's gain, but this is a bank - holding government-insured deposits and with access to near-free capital from the Fed - not a hedge fund.  [View news story]
    Jail.
    May 16 11:04 PM | 2 Likes Like |Link to Comment
  • G20: Little Room For Fresh Initiatives [View article]
    The reason the US has strategic reserves is actually "strategic". It is to ensure enough energy to be able to gain control of yet other energy sources (read "oil fields").
    Feb 25 01:01 PM | Likes Like |Link to Comment
  • 'Little' Problems Here And There: Pension Plans [View article]
    Right on target. You even identify much of the solution.

    "Given such low investment returns these companies have found it difficult to make the returns they need to fund their obligations."

    Well, they could fund them from the "record profits" they are currently booking. These benefits ARE compensation earned in the current period and SHOULD be protected (as a contractual obligation) under law. They aren't. These benefits are (really) simply deferred compensation. Once the accounting period is closed the company (or government on that side--but they are not subject to the "record profit" argument) should be required to have them set aside at 100%. And if that set-aside would be too much (future value and all that) then reclarify exactly what the retirement benefits really ARE, not what they might be.
    Feb 25 12:45 PM | Likes Like |Link to Comment
  • Phil's Liberal Rant of the Week - Taxes!  [View instapost]
    Phil: The article is right on target.

    Somehow our citizens need to understand these facts.

    It was wise of you to present it without any reference to political parties--since they are just different actors promoting optional flavors of the same outcome.

    Thanks for the hard thought and clear exposition.
    Feb 25 12:23 PM | Likes Like |Link to Comment
  • What do CEOs do all week? It turns out that on their own, not much. A new study shows that in a 55-hour working week, CEOs spend 18 hours in meetings, over three hours on calls, five hours in business meals, and just six hours working alone.  [View news story]
    Interesting math.
    Feb 14 02:15 PM | Likes Like |Link to Comment
  • A WSJ analysis shows how execs at large companies going through bankruptcy receive millions in compensation while slashing tens of thousands of jobs. At 21 firms, the CEOs received a combined total of over $350M, with the median amount $8.7M. However, lawyer Richard Levin argues that firms "need to attract the best people."  [View news story]
    These people must be "better" than brain surgeons and every one in public service. (Not to mention those working at the Fed.)
    Jan 27 10:45 AM | 1 Like Like |Link to Comment
  • Banks likely will suffer another 150,000 layoffs in 2012 on top of the 230,000 estimated for this year, Dick Bove says, scolding those who might celebrate banking's woes: "People who are fired cannot buy products. They cannot pay taxes. They receive government benefits like unemployment checks instead... New York’s governor cannot tax incomes that do not exist."  [View news story]
    Well we could always use some good banking analysts.
    Dec 16 03:09 PM | Likes Like |Link to Comment
  • Privatized Profits, Socialized Losses: Why I Support Occupy Wall Street [View article]
    I support Occupy Wall Street.
    Nov 3 02:31 PM | 3 Likes Like |Link to Comment
  • THE OLD MAN AND THE SEA - 2011 [View instapost]
    Thanks.
    Sep 19 11:03 AM | 1 Like Like |Link to Comment
  • The Can-Kicking Bank Bailout [View article]
    (Let's try this again. A similar comment was apparently deleted.)

    Here we go again. Bailing out U.S. banks wasn't enough. Now we are going to bail out Europe. (Gosh we must have a lot of excess money over here.)
    After all is said and done it looks like the backing for all of this is the U.S. taxpayer.

    And we are starting into this (again) just as--today--we get the news that a 2B-euro loss from a bank's "rogue trading" in Europe surfaced today.

    Questions of concern:
    1) Will someone make sure that the bonusses for those bankers are big enough so that they won't need to come back for more bailouts (and bonusses)?
    2) Can someone other than Geithner be sent to show them how to collect taxes? (I think he must have been the advisor to Greece.)
    3) Since they are getting money which the U.S. obviously does NOT need to fund our own pension liabilities, etc., when are the good times going to start rolling here?
    Sep 15 03:00 PM | 2 Likes Like |Link to Comment
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