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montanamark

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  • Pres. Obama begins his speech on climate change. The president makes it clear the State Department should approve the Keystone XL pipeline (TRP +1%) only if it will not lead to a net increase in overall greenhouse gas emissions. [View news story]
    "green fuel" - only $59/gal

    http://bit.ly/11YuKPp
    Jun 25 02:57 PM | 2 Likes Like |Link to Comment
  • Pres. Obama begins his speech on climate change. The president makes it clear the State Department should approve the Keystone XL pipeline (TRP +1%) only if it will not lead to a net increase in overall greenhouse gas emissions. [View news story]
    from obama energy sec:

    “Somehow,” Chu said, “we have to figure out how to boost the price of gasoline to the levels in Europe.”
    Jun 25 02:26 PM | Likes Like |Link to Comment
  • Pres. Obama begins his speech on climate change. The president makes it clear the State Department should approve the Keystone XL pipeline (TRP +1%) only if it will not lead to a net increase in overall greenhouse gas emissions. [View news story]
    Daniel P. Schrag, a White House climate adviser and director of the Harvard University Center for the Environment, tells the New York Times "a war on coal is exactly what's needed."
    Jun 25 02:17 PM | 2 Likes Like |Link to Comment
  • Pres. Obama begins his speech on climate change. The president makes it clear the State Department should approve the Keystone XL pipeline (TRP +1%) only if it will not lead to a net increase in overall greenhouse gas emissions. [View news story]
    "climate change" - laughable - its a cult; waiting to see if he has some more billions of tax $ for phony solar cos that contribute to his campaign
    meanwhile the middle class is smashed
    Jun 25 02:07 PM | 9 Likes Like |Link to Comment
  • U.S. solar stocks rally strongly ahead of a Tuesday speech from Pres. Obama in which he's expected to outline plans to effectively double the amount of renewable energy created on public lands by 2020 (enough to power 6M homes), and to impose regulations of carbon dioxide output from U.S. power plans. First Solar (FSLR +7.6%), which received an upgrade and a bullish coverage launch yesterday, is the biggest winner, but SunEdison (SUNE +5.6%) and SunPower (SPWR +4.2%) are also doing well. [View news story]
    doubling down on the destruction of the us
    Jun 25 01:29 PM | 1 Like Like |Link to Comment
  • The House surprisingly rejected a $940B farm bill yesterday after the measures lost the support of Democrats and right-wing Republicans. Conservatives thought that the measures allocated too much money for crop subsidies and food stamps, while Democrats objected to a late change to limit the cash for such nutrition programs. A similar measure had passed in the Senate. [View news story]
    "nutrition programs" how polite - translated - bribes from liberal big government to keep the masses mollified; drug dealers using their SNAP card to withdraw $1500 from atms at strip clubs - of course this is considered part of "farm aid"
    Jun 21 09:00 AM | Likes Like |Link to Comment
  • "I have become Mr. Linn Energy (LINE). I don't want to be. I happen to like the stock" Jim Cramer writes, citing the Berry Petroleum (BRY) merger: "It's an incredibly valuable property, much more than I think most people realize." Short-term traders should stay away, but for long-termers, the Berry deal - if it goes through - is a huge win for LINE shareholders. "If it doesn't, it will be because the bear raid worked." [View news story]
    thank barrons for this crap - short instigated hit pieces that are republished over and over - someone needs to sue cause the SEC does NOTHING for investors
    Jun 19 07:42 PM | 3 Likes Like |Link to Comment
  • Verizon (VZ) broadband subs are complaining about receiving low-quality Netflix (NFLX) streams, and the culprit appears to be Verizon's unwillingness to upgrade its network to handle more Netflix traffic from fellow carrier and Netflix bandwidth supplier Cogent (CCOI). The dispute drives home the thorny relationships Netflix, which now makes up ~1/3 of U.S. Web traffic during peak hours, has with many ISPs, in spite of its efforts to relieve congestion via its Open Connect CDN (some ISPs are on board, some aren't). In Verizon's case, the carrier's efforts to compete with Netflix via its Redbox Instant JV could also be a factor. [View news story]
    VZ is likely busy working on government traffic
    Jun 19 02:48 PM | Likes Like |Link to Comment
  • While producer prices may have risen more than expected and the most since February last month, don't expect anyone to get too bent out of shape. Stripping out food and energy — which rose 0.6% and 1.3% respectively thanks to a spike in prices for the always dangerous combination of eggs, imitation cheese, and gasoline — wholesale prices rose only 0.1% (nicely in line with estimates) and just 1.7% Y/Y. The accepted interpretation from Reuters: "Underlying inflation pressures remained muted, which could argue against an early scaling back of QE." [View news story]
    so many hungry for lies
    Jun 14 09:15 AM | 1 Like Like |Link to Comment
  • Market recap: Stocks turned decisively higher down the stretch, as investors decided disappointing manufacturing data meant the Fed would not be pulling back on QE anytime soon. Trading was choppy for most of the day after Japan's Nikkei index tumbled another 3.7%. Merck gave the some Dow extra juice on positive clinical test results for a skin-cancer drug. Oil and gold prices climbed. [View news story]
    LOL - "investors?"
    Jun 3 04:38 PM | Likes Like |Link to Comment
  • California's got a new problem: Too much money. This year's expected surplus of $1.2B-$4.4B comes three years after the state faced a deficit of nearly $60B. Governor Brown - arguing the surplus is the result of a flood of capital-gains realizations ahead of higher 2013 tax rates - wants to put the money aside. The legislature - dominated by Brown's own party - wants to spend it. [View news story]
    The federal tax that California employers pay to support the unemployment insurance (UI) program increased January 1 due to the continuing insolvency of the UI Trust Fund, and will continue to increase every year until the debt is paid. The state administration projects that without corrective action, the federal loan will not be fully repaid until sometime after 2020. California employers have been paying higher taxes since the beginning of 2011 because the state has not repaid money it borrowed from the federal government to pay UI benefits. California’s outstanding federal loan was $10.3 billion at the start of this year, more than $6.5 billion greater than the next highest state loan, New York. California has the third highest unemployment rate in the nation, behind Rhode Island and Nevada, according to the U.S. Bureau of Labor Statistics.
    May 26 09:30 PM | 2 Likes Like |Link to Comment
  • California's got a new problem: Too much money. This year's expected surplus of $1.2B-$4.4B comes three years after the state faced a deficit of nearly $60B. Governor Brown - arguing the surplus is the result of a flood of capital-gains realizations ahead of higher 2013 tax rates - wants to put the money aside. The legislature - dominated by Brown's own party - wants to spend it. [View news story]
    The California State Auditor has released the state government's audit for the 2011-12 year (PDF). The state collected $218 billion (including $60 billion in federal aid, $104 billion in state taxes, and $51 billion in various fees and charges), but spent over $225 billion, a deficit twice the size of the year before. On the books, the state has $199.9 billion in assets but $215.4 billion in liabilities; eliminating assets unpledgable against obligations results in an unrestricted net asset deficit of a staggering -$127 billion. Put succinctly, the state has booked $127 billion more in promises and liabilities than it has assets to pay for them. (Part of this is because the state borrows to build things for local governments but turns title over to them, which is running up debts.) It's been getting deeper every year.
    The report did not include the full cost of state retiree health and pension costs, so the real amount is probably much higher.
    May 26 09:14 PM | 1 Like Like |Link to Comment
  • California's got a new problem: Too much money. This year's expected surplus of $1.2B-$4.4B comes three years after the state faced a deficit of nearly $60B. Governor Brown - arguing the surplus is the result of a flood of capital-gains realizations ahead of higher 2013 tax rates - wants to put the money aside. The legislature - dominated by Brown's own party - wants to spend it. [View news story]
    A financial report issued by state auditors in April finds that the state of California is in the red by an unsustainable $127.2 billion.
    The report says that the state’s negative status increased year, largely because it spent $1.7 billion more than it received in revenues and wound up with an accumulated deficit of just under $23 billion in fiscal year 2011-2012, the Sacramento Bee stated.
    Gov. Jerry Brown has referred to the deficit and other budget gaps, mostly money owed to schools, as a “wall of debt” totaling more than $30 billion, the Sacramento Bee reported.


    Read more: http://bit.ly/12HvNFj
    Follow us: @washtimes on Twitter
    May 26 09:10 PM | 1 Like Like |Link to Comment
  • In what has been dubbed as largely a symbolic vote, the House of Representatives did what was expected and opted to repeal the health-care overhaul law, but it's is likely be dead in Congress’s lower chamber. The vote was 229 to 195 to repeal the measure, with two Democrats voting along with the Republican majority: Mike McIntyre of North Carolina and Jim Matheson of Utah. Sidenote: This is the 37th attempt to repeal the law since it was passed in March 2010. [View news story]
    guess who is running the IRS enforcement on obamacare
    The Internal Revenue Service official in charge of the tax-exempt organizations at the time when the unit targeted tea party groups now runs the IRS office responsible for the health care legislation.
    Sarah Hall Ingram served as commissioner of the office responsible for tax-exempt organizations between 2009 and 2012. But Ingram has since left that part of the IRS and is now the director of the IRS’ Affordable Care Act office, the IRS confirmed to ABC News today.
    May 16 08:13 PM | 6 Likes Like |Link to Comment
  • Now that Washington looks to have accepted the $85B sequestration, GOP legislators are looking to see where they can apply the scalpel rather than the machete. Programs at risk include one for robotic squirrels that helps researchers understand how squirrels interact with rattlesnakes, and Nasa's research on feeding astronauts on Mars. [View news story]
    completely laughable that you refer to the CBO - they have been dead wrong on every prediction. there are NO real cuts and increased spending is soaring - but if you wish to believe in fairy tales
    Mar 10 09:13 PM | Likes Like |Link to Comment
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