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Poor Texan

Poor Texan
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  • Public Construction Spending Will Prove Stagflationary [View article]
    And were funds put aside as the infrastructure was amortized or did someone find pet projects to 'better use' the funds?
    Jul 8, 2013. 02:59 PM | Likes Like |Link to Comment
  • PepsiCo (PEP) hasn't transitioned itself away from using a dangerous chemical as fast as the Center for Environmental Health thinks it should have, but it might be on more solid ground than some critics indicate. The FDA concluded a consumer would have to drink 1,000 cans of soda a day to reach the level of doses of 4-methylimidazole administered to laboratory rats that showed a link to cancer. [View news story]
    These self-appointed health care commissars are always looking for a panicky scare line to get more funding grants.
    Jul 3, 2013. 09:44 AM | Likes Like |Link to Comment
  • June ADP Jobs Report: +188K vs. +165K consensus, 135K prior. [View news story]
    About all that is worth watching on the evening and night news are the weather reports.
    Jul 3, 2013. 09:39 AM | 2 Likes Like |Link to Comment
  • Initial Jobless Claims: +18K to 354K vs. 340K consensus, 336K prior. Continuing claims +7K to 2.97M. [View news story]
    No recession. Just malaise.
    Jun 20, 2013. 01:59 PM | Likes Like |Link to Comment
  • George Soros and his reflexivity principle would say easy access to ample credit is a necessary condition to fuel a property bubble. So what do we make of this story - seemingly lifted from 2005 - of  packed open houses, vanishing inventory, bidding wars, and soaring prices on U.S. real estate, but with a twist: Cash buyers. Nearly 33% of L.A. homes went for all-cash in Q1; in Miami, it was 65%. "I don't know where it's coming from, and I don't care," says an agent. [View news story]
    People don't want to hold dollars? And assume real estate will appreciate the way it did from Carter's inflation? Who knows.
    Jun 9, 2013. 09:55 PM | Likes Like |Link to Comment
  • May Nonfarm Payrolls: +175K vs. consensus +170K, 149K previous (revised from +165K). Unemployment rate 7.6% vs. consensus 7.5%, 7.5% previous. [View news story]
    Our local electric cooperative is looking for linemen.
    Jun 7, 2013. 01:51 PM | Likes Like |Link to Comment
  • The Guardian of London has posted a copy of a "top secret" court order instructing Verizon (VZ) to provide the U.S. National Security Agency (NSA) with records of all calls made within the U.S. or originating in the U.S., through July 19, 2013. The accompanying article says the order went into effect on April 25 affecting millions of Verizon customers. In the exclusive article, the Guardian says that it is likely, though unknown, that other U.S. carriers are also affected. [View news story]
    Transparency.
    Jun 5, 2013. 11:35 PM | Likes Like |Link to Comment
  • PVR Partners, L.P. Enters Consent Agreement with Pennsylvania DEP [View article]
    A $150,000 fine for bad weather? Ah to be a lawyer and have an avenue for imagination.
    Jun 4, 2013. 03:27 PM | Likes Like |Link to Comment
  • Economist Laurence Ball says central bankers' goal of 2% inflation is misguided, among other reasons, because it leaves them with very little ammunition to fight future recessions. But would 4% inflation hurt the economy? History suggests not. [View news story]
    Why is it your country?
    May 26, 2013. 08:56 PM | 2 Likes Like |Link to Comment
  • Economist Laurence Ball says central bankers' goal of 2% inflation is misguided, among other reasons, because it leaves them with very little ammunition to fight future recessions. But would 4% inflation hurt the economy? History suggests not. [View news story]
    Consumers with money create jobs. How about the government just giving every citizen a couple of thousand dollars? That would juice consumption. :-(
    May 26, 2013. 08:54 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]
    Gee a surplus? But I didn't see a tax cut among the options. lmao
    May 26, 2013. 08:45 PM | Likes Like |Link to Comment
  • Apple's (AAPL) effective tax rate of 14% is just a smidgin lower than IBM at 15% and Google (GOOG) at 17%. And Apple's hardly on the lowest rung: Amazon's (AMZN) rate is just 6%, Ford's (F) 3%, and Carnival's (CCL) just 1%. In trying to untangle what S&P 500 companies pay in taxes, David Leonhardt finds top executives are exceptionally shrewd at holding tax rates down. (infographic[View news story]
    Just asking the right questions!
    May 26, 2013. 08:19 PM | Likes Like |Link to Comment
  • Reuters’ Robert Campbell thinks Keystone XL (TRP) has become a victim of political posturing and says a rival plan, ETP's Trunkline, is being held to a far lower standard thanks to an incoherent U.S. environmental policy. But if a pipeline isn’t built, crude will move by more carbon intensive methods that also are susceptible to accidents. Indeed, moving oil by road or rail is no longer seen as a stopgap until pipelines are built. [View news story]
    Especially with gerrymandering and outright vote fraud. Oh wait. That's not a laughing matter.
    May 26, 2013. 08:10 PM | 1 Like Like |Link to Comment
  • Apple's (AAPL) effective tax rate of 14% is just a smidgin lower than IBM at 15% and Google (GOOG) at 17%. And Apple's hardly on the lowest rung: Amazon's (AMZN) rate is just 6%, Ford's (F) 3%, and Carnival's (CCL) just 1%. In trying to untangle what S&P 500 companies pay in taxes, David Leonhardt finds top executives are exceptionally shrewd at holding tax rates down. (infographic[View news story]
    Just the difference between what is legal and what is right.
    May 25, 2013. 05:27 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Good post but think of all the well paid C.P.A.s and lawyers you'd put out of work. Have you no heart? :-)
    May 21, 2013. 09:37 AM | 3 Likes Like |Link to Comment
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