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  • Maybe it's tempting to stick it to public unions and fat pensions, but the idea of enabling states to declare bankruptcy is a "dangerous" idea that would roil municipal bond markets and create more problems than it solves. Politicians already have the power to fix these issues - they just have to use it.  [View news story]
    This is not a real world arguement. In the real world, the tools this guy thinks Governors have, are usually ineffective or useless. Just as a Governor may threaten "mass furloughs" or whatnot, the unions can always come back and say "just float a bond."

    In fact it's probably easier in most cases to issue debt than to fight the unions.

    Bankruptcy offers an opportunity for no BS real restructuring.
    Jan 24, 2011. 06:25 PM | 14 Likes Like |Link to Comment
  • It's time for the SEC to weigh in on policies regarding CEO illnesses, Daniel Indiviglio argues, using the fictional example of "Stephanie Werks" at tech company "Pear." Apple (AAPL) is beginning to show how much a leader's health means to the market, but how to balance need-to-know with privacy?  [View news story]
    Tschurin - only until he takes ill, then it becomes a well run company with a good corporate culture.... what a joke...
    Jan 24, 2011. 05:35 PM | 1 Like Like |Link to Comment
  • "The U.S. had better brace itself" if China finally wises up and lets its currency rise, Peter Schiff says, because "it will unleash an inflationary nightmare here... As the Chinese currency increases in strength, the dollar must decrease. So Americans [would] experience higher prices, falling purchasing power and a lower standard of living.”  [View news story]
    This guy sees things very one dimensionally...

    There's a whole lot of things that would concurrently or subsequently occur as well, for example, rising prices would also have the effect of decreasing US demand, China's #1 customer... and all the effects that implies...

    All the US is asking for is fair markets free of gov't intervention... really... be like us... or um... wait a minute...
    Jan 24, 2011. 05:25 PM | 3 Likes Like |Link to Comment
  • Now's the time to pick up some Nvidia (NVDA) shares, writes Barron's Jay Palmer. The graphic chips maker is well positioned for the next era of computing as it takes aim at the tablet and smartphone markets, and could see its stock nearly double to around $40. (See other recent Barron's picks.)  [View news story]
    Although you are quite right, the ship hasn't sailed quite yet - 2011 looks like its going to be the year of Nvidia's Tegra2, exactly like 2010 was the year of Atom (and the nice revenues it brought Intel).
    Jan 22, 2011. 06:58 PM | 2 Likes Like |Link to Comment
  • Facebook raised $1B in Goldman's (GS) controversial, and oversubscribed, private offering. At a $50B valuation, Facebook is now among the largest Silicon Valley firms.  [View news story]
    ...see AOL...
    Jan 22, 2011. 06:52 PM | 2 Likes Like |Link to Comment
  • Goldman's decision to sell Facebook shares to foreigners only may be "considered a serious embarrassment for Goldman," but Jonathan Macey says it's the SEC that should be embarrassed. The move shows how banking has become so international that companies can sidestep the SEC's rules with ease, and that SEC rules on stock sales only hurt U.S. investors.  [View news story]
    Meh, "shares"of a company which has not disclosed its financials and may be selling at a hefty premium due to poor analysis of its future potential profitability?

    Let the "foreigners" buy it.
    Jan 20, 2011. 07:01 PM | 5 Likes Like |Link to Comment
  • A view on China's building boom in a single stark visual: Look at Shanghai in 1990 and again in 2010.  [View news story]
    Looks like they ran out of land to build on!
    Jan 20, 2011. 02:14 PM | Likes Like |Link to Comment
  • New technologies to extract natural gas from shale and coal beds leads the IEA to double its estimate of global gas reserves. "A few years ago the U.S. was ready to import gas, in 2009 it had become the world's biggest gas producer," says a gas expert at the IEA. "This is phenomenal, unbelievable."  [View news story]
    Supply has grown faster than transmission capacity. Moving all this NG around is proving to be a problem and is one reason US hasn't more forcefully adopted NG as a larger portion of its energy consumption.

    That's where I'm looking right now.
    Jan 20, 2011. 02:13 PM | 1 Like Like |Link to Comment
  • Wal-Mart (WMT) plans to reformulate thousands of products to make them healthier, and will push its suppliers to do the same. Sources say first lady Michelle Obama will join Wal-Mart executives at an event today to launch the effort.  [View news story]
    End result: lower national cholesterol levels lead to higher national productivity and GDP! Go Walmart!
    Jan 20, 2011. 10:42 AM | Likes Like |Link to Comment
  • Procter & Gamble (PG) CEO Robert McDonald makes the case for a lower corporate tax rate, testifying before lawmakers this morning on why the country's 35% corporate tax rate disadvantages U.S. firms competing on a global scale.  [View news story]
    Although that's true Wyo, its a problem caused by a FUBAR tax system that needs to be reviewed and fixed.

    It's piss poor state of affairs that you only pay low rates if you hire or can afford competent accountants.

    I think a clearer tax system with fewer loopholes and strategies allowing lower effective rates, will also be a more transparent system for investers, taxpayers, and corps, and everyone will benefit (except the tax attorneys who have been navigating this crap).
    Jan 20, 2011. 10:41 AM | 1 Like Like |Link to Comment
  • Big airlines see 15% higher fuel costs this year, but they aren't the only businesses likely to be impacted by commodity price inflation in 2011, 24/7's Doug McIntyre writes - it will hurt industries from restaurants to automakers to home builders to retailers that sell cotton clothing. "Time to drop earnings estimates," he warns.  [View news story]
    That's a good point, watch for the guys who haven't hedged or who's hedges are expiring, higher energy should also hurt utilities since utility rates can't fluctuate.
    Jan 20, 2011. 10:38 AM | Likes Like |Link to Comment
  • Fear of falling home prices and credit availability is only part of what's holding down the housing market; distrust of the mortgage industry is right up there, FHA's Dave Stevens says. "Servicers did not build their operational capabilities; they're not treating consumers fairly with the right trained staff with the right processes."  [View news story]
    The mortgage industry is screwed since underwriting standards are super tight, refinancings to take advantage of historically low rates are all but done, and lots of products have been taken off the market.

    Stick a fork in it, it's done.
    Jan 19, 2011. 05:40 PM | Likes Like |Link to Comment
  • Rising inflation pressures in emerging market nations will make the U.S. and Europe better investments in 2011, Marc Faber says, since monetary authorities in China, India, et. al., will need to tighten or let inflation accelerate, weakening their equities. Investors looking for an inflation hedge should buy oil, which Faber says will rise regardless of what happens in the global economy.  [View news story]
    Yeah Brazil is already crying....
    Jan 19, 2011. 03:35 PM | Likes Like |Link to Comment
  • GE's latest deal with China "sounds as if one of America's leading technology companies has decided to sell some of this country's crown jewels to ensure access to China's rigged market, potentially jeopardizing the competitive advantage enjoyed by this country's leading export industry [avionics]," Steven Pearlstein writes. "What's good for GE [is] certainly not good for America."  [View news story]
    Yes I'll disagree. The belief that a wholesale transference of US wealth to China can happen after a decade of Chinese growth is flawed on lots of levels. Let's chat again 10 years from now.
    Jan 19, 2011. 03:31 PM | Likes Like |Link to Comment
  • As President Hu visits Washington, it's worth asking what Plan B is if U.S.-China relations take a turn for the worse and China dumps its trillion-dollar holdings of U.S. Treasurys. China could justify pulling back if the dollar were to plunge due to a U.S. failure to curb its budget deficit and debt; "we could be at a tipping point," one economist says.  [View news story]
    Agreed, end result would be, simply stated, that the US would be singed and China would be carbonized.

    It's a far fetched fear mongering concept, and China has shown that their plan is far more complex than something so assinine as dumping their holdings.
    Jan 19, 2011. 03:28 PM | 1 Like Like |Link to Comment