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  • Banks fines: How much and where have they gone?  [View news story]
    These fines represent a burden on the shareholders only. My wish is that the Federal Government would only be able to levy fines if they actually send guilty people to jail. As the law is used now it is just a way for the Government to collect money from shareholders without using taxes.
    I sold my Citicorp shares years ago after two or three years of seeing unscrupulous executives standing in front of a federal judge accepting fines without admitting wrongdoing. The current program is supported by both the government and large banks. This would change if a few got to spend some time in a Federal Jail.
    May 1, 2015. 09:16 AM | 6 Likes Like |Link to Comment
  • McDonald's Still Getting Its Lunch, And Breakfast, Eaten  [View article]
    I have no intention of getting breakfast at Taco Bell, but I will tell you that the last three times I used the drive through to order a breakfast #4. What I got was NOT breakfast #4, but whatever.
    So if they want to get my business they have to deliver to the window what I paid for NOT what is most convenient for them to provide.
    Apr 14, 2015. 09:55 PM | 1 Like Like |Link to Comment
  • Report: Exxon CEO to visit Moscow this week amid talk of more sanctions  [View news story]
    I have fear every time a company treats Russia like a developing Eastern European country.
    There is no rule of law, there is no concept of "ownership".
    Barclay's is on the hook also, so is VW. I feel that the countries where these companies do business should be demanding a writedown of these assets as "impaired". Germany should not be expected to treat the VW assets as worth 18 billion, but more like 12 billion or less. Same with Exxon. Same with Barclay's. They risked, they lost.
    Mar 16, 2015. 09:17 PM | 2 Likes Like |Link to Comment
  • Russia shuts down fifth McDonald's restaurant  [View news story]
    It appears the chain will not be "stopped" but every store will be financially crippled until the losses far exceed the value of the assets.
    Russia and China have yet to impress me as viable business locations.
    Aug 26, 2014. 11:05 AM | Likes Like |Link to Comment
  • As They Do, Not As They Say  [View article]
    I have problems understanding the future of inflation vs deflation when I look at the amount of excess reserves currently in the system and the resulting low velocity of money. Although these excess reserves are not currently affecting inflation could it be possible that they may be deployed by the banks in the future in an effort to increase their returns? If that were to happen, then the velocity of money would increase and inflation which has been sanguine suddenly rear its head quickly? What is the mechanism that insures these excess reserves are not going to be eventually used to increase business activity?
    Apr 11, 2014. 01:56 PM | Likes Like |Link to Comment
  • Yahoo In Trouble Thanks To The NSA  [View article]
    Mr. Snowden is NOT the problem, the NSA and the other gov. institutions that has caused this problem.
    Feb 28, 2014. 08:03 PM | 3 Likes Like |Link to Comment
  • Venezuela reportedly will allow its state-owned energy company to form joint ventures with PetroChina (PTR) and Chevron (CVX) to manage $6B in loans designed to reverse declining oil output. Agreements have been reached on terms of a $2B credit from CVX for the Petroboscan venture and a $4B loan from China for Sinovensa. Similar deals may be in the works with Shell (RDS.A) and Repsol.  [View news story]
    I would not want any company in which I have invested to do business in Venezuela. Venezuela's history is filled with examples of investments taken from foreign companies. The whole of Venezuela's oil industry is built from seized assets. Obviously these companies have not looked at the dealings of this country with respect to foreign investment. Or they somehow think they are smarter and stronger than those who have gone before.
    These investments will not turn out well.
    May 19, 2013. 07:47 PM | Likes Like |Link to Comment
  • Johnson & Johnson: A High Dividend, Low Risk Stock  [View article]
    The concerns I have with this investment revolve around its difficulties in process control. When an operation loses process control it is not like you lost your keys, and can potentially find them in a minute. It is more like you suffered an injury that has affected your balance and can't ride a bike. After lots of physical rehabilitation you may eventually be able to ride a bike again, but it is not an overnight, or easily determined path.
    Mar 6, 2012. 12:03 PM | 1 Like Like |Link to Comment