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Mortbert

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  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    Besides being declared unconstitutional, mandatory drug testing does not protection from fraud or save taxpayer money. Below is part of an article from Time.

    "The testing is meant to assure taxpayers their money isn’t being “wasted” on the less desirable, those who would somehow manage to buy drugs with the assistance. But in Tennessee, where drug testing was enacted for welfare recipients last month, only one person in the 800 who applied for help tested positive. In Florida, during the four months the state tested for drug use, only 2.6% of applicants tested positive. Meanwhile, Florida has an illegal drug use rate of 8%, meaning far fewer people on services are using drugs than their better-off counterparts. The drug testing cost taxpayers more money than it saved, and was ruled unconstitutional last year."
    Mar 22, 2015. 01:09 PM | 1 Like Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    I wonder if your got your money's worth from your education. Apparently you and your wife have worked hard and done well. I congratulate you. Others haven't done well, maybe through bad luck or stupidity. You feel they are a burden the government has put on your back, and that to get aid they should be drug tested and have to submit to other indignities. (Forget the fact that giving folks a hand is probabably cheaper in the long run than forcing them to crime and constant emergency room treatment.) I believe that to be fair, if you are well off financially, you should be means tested before you can collect on social security and Medicare. Drug test the poor = means test the rich.
    Mar 21, 2015. 03:15 PM | 1 Like Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    Clinton signed off on the repeal of Glass Steagall which allowed the big banks and lenders to virtually destroy the economy. The billions of trades a day don't mean a thing when your are trading worthless crap.
    Mar 18, 2015. 02:04 PM | 1 Like Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    What does "950 billion" signify? US population is almost 320 million and taking out those at or near poverty and kids, we get maybe 100 mil to pay for those who got Obamacare plus the nearly 15 million more who still don't have health insurance.
    Mar 18, 2015. 01:58 PM | 1 Like Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    No, just visceral reaction to cheap shots at Prez. To the point, I haven't studied Trans Canada but if they are focused on "dirty" energy technology, I think they are in for trouble. I'm long SE and D since they are backing gas and liquification projects. Just read a report pointing out that 2014 was first time in 40 years that economies grew while CO2 levels were flat. Renewables and low emission fuels are the future.

    "...The Financial Times points out “In the past five years, OECD countries’ economies grew nearly 7 percent while their emissions fell 4 percent, the IEA has found.” A big part of that is the United States, where fuel economy standards have reversed oil consumption trends — and renewable energy, efficiency, and natural gas have cut U.S. coal consumption."
    Mar 18, 2015. 01:52 PM | Likes Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    Health insurance equals access to health care without the public picking up the tab for emergency rooms visits. If you preferred the Bush economic disaster to what the president has done then I can only paraphrase W. C. Fields who commented that tomorrow he would wake sober but you will still be stupid.
    Mar 17, 2015. 04:06 PM | 9 Likes Like |Link to Comment
  • Hennessy Gas Utility fund, up 21% last year, highlights six energy favorites [View news story]
    You may not represent "the people", Marpy. When I compare the worth of my IRA over the past six years, I'd say he did "a hell of a job". When I consider 15 million or so Americans now having health care I'd say great job. When I consider rolling back the Bush tax cuts on wealthy tax payers....ditto. How about the job creation, deficit reduction....?
    He got elected twice so maybe he is the people's choice even though you don't like the idea.
    Mar 17, 2015. 01:54 PM | 17 Likes Like |Link to Comment
  • Linn ups exchange ratio for Berry bid [View news story]
    The deal makes some sense in that BRY has invested in new production and produced improved bottom line results? I trust LINE management is working in the long term interests of everyone but will consider voting against the deal.
    Nov 4, 2013. 02:45 PM | 1 Like Like |Link to Comment
  • Linn ups exchange ratio for Berry bid [View news story]
    I'm not happy with the new deal. I think we could have kissed BRY goodbye and found a sweeter deal elsewhere.
    Nov 4, 2013. 12:30 PM | 1 Like Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    LoganSix
    Before going back to why the minimum wage needs to be raised, lets look at some real data:

    "We examined data from the nonpartisan Tax Policy Center that computes the nation’s tax revenues as a percentage of its Gross Domestic Product -- the total of all goods and services produced.

    When Reagan took office in 1981, federal taxes were 19.6 percent of GDP, the highest level since World War II. That figure dropped to 17.3 percent during his first term and rose to 18.2 percent at the end of his second term.

    For comparison, federal tax revenues for this fiscal year are estimated at 15.8 percent of GDP."

    Krugman correctly predicted that slashing government spending during a recession would not help a national economy - it would hurt. England and other European economies have proved him right.

    The luxury boat tax is 10% over $100,000 dollars. That effected about 10 to 12,000 boat sales in a 700,000 sales market. I think the recession cost more jobs.
    Dec 18, 2012. 02:11 PM | Likes Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    Tom Sr
    As long as we start out with the premise that "Everyone should be able to get health care" we can work out the details on how to achieve the goal.

    You are also absolutely right when you say the poor who can't afford insurance without Obamacare will not be able to pay when The Affordable Care Act is implemented.

    Emergency room care for the uninsured is paid for by the rest of us. By higher premiums on the insured and by inflated charges for facilities and services to compensate for "bad debt". I hear its costing each of us about $1000 a year. It's not funded by taking money from doctors and providers.

    The rest of the advanced world solves the problem by "universal health insurance". Everyone that can pay something contributes. Obamacare doesn't go this far. Often the money is collected by government but, in some case, private insurers actually run the system. It's like Medicare in that everyone is in and that you choose your doctor, hospital, and make your own medical decisions. On the other extreme is the Brits socialist system (which is like the VA) where you show up at hospital for "free" care and are assigned a doctor whose only duty is to provide the best care. Meanwhile our cost per patient care is twice that of the next most advanced nation and our quality of results is about 16th.

    Recommendation -If you haven't seen it, view Moores' documentary "Sicko".

    I completely agree with encouraging everyone to live a healthier life style. I saw the light in my 30s when several friends and work associates began to drop. This led to 30 years of jogging. The problem is getting people's attention!
    Dec 17, 2012. 02:53 PM | Likes Like |Link to Comment
  • The right-to-work issue in Michigan isn't going unnoticed by labor unions. UAW President Bob King was at the state's Capitol building leading a protest against legislation that would allows workers to opt out of unions and not pay dues. The state House passed the measure yesterday by 58-42, sending it along to the Senate. Though the Big Three are deathly quiet on the issue, it wouldn't be a stretch to imagine weakened union laws in Michigan could help bottom lines. [View news story]
    RyanDan

    Too "many people use unions as a crutch to help them with their lack of ambition, energy or willingness to work for the benefit of the employer and neighbors not in the union."

    I think most people work to improve the quality of their lives. Union dues are part of the cost of continued improvement as is rent part of the cost of keeping a roof over your head. Sure, some folks are fat, happy and without a need to do better. Many, if given a chance to do better will break their butts.

    The union folks who shop at Walmart, can't afford to shop elsewhere. When I was young (sigh) and poor in NYC, I furnished my $26/mo apartment in the Village by finding furniture left on the curb uptown. Nice stuff especially at the price. Did you ever try getting a table into an MGA?
    Dec 17, 2012. 02:26 PM | Likes Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    LoganSix, I don't believe I've lost an argument yet. We have different opinions... and mine are backed by data.

    First this great quote I found:

    Abraham Lincoln:
    “Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”

    The the rich usually build their wealth by melding ideas and labor with market needs. A product only available to the rich is usually a market failure (yeah, I've heard of Rolls Royce). Folks knew about root cellars and other cool spots to keep food long before Joe Gotbucks decided he needed and could afford an "icebox". Products make it when they reach a price point where there is a mass market... like the HP desktop print and in a few years 3D printers. If we depended on the rich consumer we'd all be broke. The demand from the bottom 98% is the driver for business.

    The "luxury tax" is just that. If a tax is added to a million dollar yacht, a private jet, or a Lamborghini it will not effect my buying decision... nor will it bother Bill Gates. It costs no jobs.

    Bush senior and Reagan recognized that they needed additional revenue and they did what needed to be done for the good of the country, unlike current conservatives ideologes.

    The Nobel winners in Physics, Chemistry, Biology and Paul Krugman will be hurt by your skepticism.

    Your turn.
    Dec 17, 2012. 01:32 PM | Likes Like |Link to Comment
  • The right-to-work issue in Michigan isn't going unnoticed by labor unions. UAW President Bob King was at the state's Capitol building leading a protest against legislation that would allows workers to opt out of unions and not pay dues. The state House passed the measure yesterday by 58-42, sending it along to the Senate. Though the Big Three are deathly quiet on the issue, it wouldn't be a stretch to imagine weakened union laws in Michigan could help bottom lines. [View news story]
    Ryandan
    I shall not give up on you. My current theory is that either you have a psychological block concerning the history of the labor movement or that you get your kicks simply from arguing with us folks. Your wife needs to work on you harder.

    Forgetting the head busting, private dicks, local police and militia called out on behalf of the poor helpless corporations, did unions contribute anything to passing child labor laws, the 40 hour work week, workplace health and safety standards...? And now that unions are on the way out and corporations are the only ones on the playing fields (since the corporations own much of government) the corporations see the light. Now that they have won they must not abuse works, they must offer health care, child care, retirement benefits.

    Now for the important stuff:
    Have you looked at LNCO for your IRA?
    We can still try and make money even if you are confused about unions ;-)

    Debate keeps the juices flowing.
    Dec 16, 2012. 05:59 PM | 1 Like Like |Link to Comment
  • The right-to-work bill in Michigan awaiting Governor Snyder's signature won't have any impact on the bottom line of the Big Three anytime soon, but could pull at the thread of the organized labor movement in the state, according to analysts. With the unions able to flex their muscles with the Detroit automakers historically, the question now centers on if future labor negotiations could be influenced, if even just a shade? [View news story]
    Jerryu44 on the Democratic Party.

    Your sentiments are beneath comment.
    Dec 15, 2012. 08:03 PM | Likes Like |Link to Comment
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