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  • “All eyes are on the Senate in the next 48 hours,” says Guggenheim’s senior policy analyst Chris Krueger. President Obama and Senate Majority Leader Harry Reid are putting together a scaled-down deal to blunt the fiscal drag scheduled after December 31, and it's going to take 60 votes - including at least seven Republicans - to clear a filibuster. Republican House Speaker Boehner says the House will consider whatever legislation the Senate passes. [View news story]
    Good point. Socialism can be thought of as a form of societal self-sterilization. The lineage isn't sustainable because it's not possible for socialists to pillage each other for any length of time without descending into chaos and a collapse. Their parasitism needs producers around to feed off of to remain viable.
    Dec 26 08:16 PM | 12 Likes Like |Link to Comment
  • For anyone wondering why Pres. Obama keeps blaming Bush for the state of the U.S. economy, it's because it's smart politics. More than two-thirds of Americans, including half of Republicans, still blame former Pres. Bush for the country's economic ills, according to a new Gallup poll. The data suggests Obama's argument that he needs more time to fix the economy could fall on receptive ears.  [View news story]
    What I love is that Obama's fervent supporters have been reduced to sounding like the same juvenile, finger-pointing, whiners that he's been reduced to. "It's that kid over yonder - he did it!"
    Jun 14 07:06 PM | 12 Likes Like |Link to Comment
  • Anger is mounting over "the mess in Washington," cemented by the debt ceiling fiasco, as the source of the awful jobs situation. "There's this huge tug-of-war and until we know which side is going to win there's no reason for companies to put people to work now," one analyst says.  [View news story]
    What businesses need is a stable tax and regulatory environment. When you have an idiot community agitator as President with no common sense or grasp of business realities you're not going to get businesses to take risks. There's too much that can go wrong when the playing field is constantly being redrawn and the rules changed to fit the current whim of the child King. Just take Obamacare as one example - despite Pelosi's moronic "we need to pass it to find out what's in it" statement, nobody really understands what the impact is and the taxes and costs haven't all kicked in yet. A government of fools making arbitrary and expansive changes is guaranteed to be a large deadweight drag on the economy.
    Sep 2 06:35 PM | 12 Likes Like |Link to Comment
  • U.S. Energy Policy Is Responsible for Unrest in Egypt [View article]
    So now you're switching to US aid as the provocateur? You made my point. Your article is about politics and not the energy market or energy economics.

    Yes, I'm all for sending out $1 billion a day for any good, if that's the cheapest source of the good. If it were cheaper to US source then by all means, we should US source it. To say that we should domestically source all goods consumed within the US is to not understand basic Econ 101 and opportunity cost.

    You also misrepresent where this money is flowing. I just read in the Economist that 30% (or perhaps 40, don't recall the exact number now) of oil imports are from the Canadian oil sands. That didn't include conventional oil. Much of the rest comes from South America, not the Middle East. I don't know the Canucks to be terribly evil and unworthy of us doing business with them.

    Aside from the above, the main point you neglect is that these are fungible commodities and source and destination are largely irrelevant. For example we ship oil and distillates from the West Coast to Asia and effectively replace that with South American sources into the Gulf states, because it is more economical to do so due to transport costs. This arrangement doesn't affect global demand or price. All you would do by forcing this supply around to the Gulf would be to increase costs to US consumers due to increased transport costs. With LNG transport ramping the the nat gas market will increasingly be subject to this as well.
    Jan 29 09:51 PM | 12 Likes Like |Link to Comment
  • Apple Outguns Intel? Bay Trail Not Selling? I Think Not [View article]
    You seem to completely ignore the NPD report in the linked article. iPad share slipping and Windows tablets tripled. I thought marketing was about where you are going, not where you've been. If marketing is not inherently concerned with the future, then what use is marketing?

    Maybe a switch to the history department is in order. Save away an iPad to show students of the future. When they ask you why anyone would buy a device that ran a toy OS that can't multi-task and doesn't do paging and is suitable only for light browsing, you can whip out the iPad and attempt to explain why low memory crashes were ok because it was cool to be seen with one at Starbucks.
    Feb 28 12:58 PM | 11 Likes Like |Link to Comment
  • Something like this may be coming soon to a state near you (or perhaps your own): Gov. Chris Christie strikes a deal with New Jersey's senate cutting pensions and benefits for state employees. New Jersey's pension system was $53.9B underfunded as of the latest fiscal year.  [View news story]
    Mike, it's the working families that break their backs working 12 months a year so you can get paid for 12 while working 10. And when you retire in your early 50's with a fat pension and Cadillac medical they're still breaking their backs so you can sit back on your lazy arse for 30 years. The only reason any of them support you is you and those before you gave them such a worthless education that they can't think for themselves.
    Jun 8 09:12 PM | 11 Likes Like |Link to Comment
  • Why a Market Correction Isn't Coming [View article]
    So your read an article saying follow the data and mind the trend and don't trust arbitrary predictions made by self-proclaimed soothsayers about future inflection points, and your response is to ask for a timeline? Jeezus.
    Jan 15 01:50 PM | 11 Likes Like |Link to Comment
  • Whig Wednesday: Republican House Party, And QE Too [View article]
    I get it Phil. Life sucks to be a Democrat right now. No more taxing with abandon to bailout government unionized workforces. No more propping up of states to bailout same. No more funneling of taxpayer dollars into Wall Street. Not only will the Fed be more closely watched, but there's real threats of an audit. It could get ugly for you.

    Things are not all lost for you though. Without control of the Senate and the veto power of Obama the Republicans are unlikely to be able to much more than slow down the above, rather than stop it, so continue to party on.
    Nov 3 11:37 AM | 11 Likes Like |Link to Comment
  • Obama used his Saturday radio address to push for an end to tax breaks for overseas hiring, saying "we should be using our tax dollars to reward companies that create jobs and businesses within our borders." A bill on the matter is stalled in the Senate, as lawmakers, including some Democrats, fear the move would put the U.S. at a competitive disadvantage.  [View news story]
    Obama is lying as usual. US corporations aren't getting "tax breaks" for shipping jobs overseas. They're getting credits for foreign taxes paid so their overseas income isn't double taxed. Below is an explanation from a comment on that page that accurately describes the situation. Obama's deception is to attack US corporations to weaken those that remain US based, and force those that can to relocate overseas so that they avoid the double taxation. I've already seen companies move overseas to avoid this double taxation and remain globally competitive.

    Anyone that wants to understand why Obama is driven to weaken the US and it's private sector needs to read Dinesh D'Souza's piece in Forbes.

    The U.S. is one of a small handful of countries (4 worldwide last time I checked) that reaches beyond its borders to tax income earned in other countries (via SubPart F inclusion rules, etc.). The "tax break" that Mr. Wonderful is speaking about is the foreign tax credit, which permits (under restricted circumstances) companies with overseas operations to take credit for the foreign taxes they have paid on the earnings that are also being sucked into the U.S. and taxed as well. Take this away and you have just made U.S. business totally uncompetitive to the extent of our 35% corporate tax rate on the included corporate foreign income (also one of the highest rates in the world).
    Oct 16 09:31 PM | 11 Likes Like |Link to Comment
  • Is Intel Corporation The Ultimate Value Trap For Investors? [View article]
    "Making chips for Tablets and Mobile Phones will not yield anywhere near the revenue a $300 CPU does, but a fraction of that, in fact."

    Any time a writer makes a statement like the above, it's a red flag that the writer has no clue as to how the semiconductor industry works. Revenue per cpu is meaningless. The reason it's meaningless is it's revenue per wafer that matters. Essentially the claim here is that the yield (number of die) per wafer for $300 cpus is the same as the yield for SoCs, which is absolute nonsense to anyone that understands this industry.
    Dec 29 01:10 AM | 10 Likes Like |Link to Comment
  • President Obama yesterday attempted to assuage voter wrath over high pump prices by unveiling plans to expand oil and gas drilling in Alaska and exploration off the Atlantic coast. The announcement comes after the GOP-led House passed three bills in the last ten days to accelerate oil development in the U.S.  [View news story]
    "drilling in the US won't make one bit of difference of any significance"

    We heard the same mindless pabulum ten years ago. Your recipe is we could'a, should'a, and didn't, so let's repeat it and expect a different result.
    May 15 04:54 PM | 10 Likes Like |Link to Comment
  • Despite cries that letting the Bush tax cuts die would kill any recovery, few dare utter an uncomfortable reality, according to Gregg Easterbrook: Taxes should rise for everyone, not just for the rich. Americans think they're clobbered by onerous taxes, but U.S. taxes are relatively low compared to the rest of the world, and federal income taxes have fallen dramatically.  [View news story]
    a) Do we want the economic stagnation and malaise that goes along with this high taxation? Much of western Europe is saddled with chronically high unemployment and much less dynamic economies. Raising taxes doesn't really fix the debt problem, as it drags down GDP growth, which is what's really needed to close the deficits. If higher taxes are the solution as the author suggests, then why are European debt problems as bad or worse than the US?

    2) Having lived in Sweden I don't trust this comparison to paint an accurate picture. Much of Europe doesn't have the multiple levels of taxing authorities as one finds in the US. When you add federal, state, and local income taxes, property taxes, etc. one can arrive at a rate that exceeds places like Sweden.
    Jul 29 06:48 PM | 10 Likes Like |Link to Comment
  • The estate tax is set to come roaring back in January. A real fear is that some families might pull the plug on grandpa rather than get stuck with a massive bill.  [View news story]
    So Anwar, what you're saying is families that have built up family businesses through decades or more of hard work have no right to keep them? You have no idea of what traditional American Society holds dear.
    Jul 9 08:21 PM | 10 Likes Like |Link to Comment
  • IBM-licensed servers take aim at Intel's server CPU dominance [View news story]
    TCG, they're licensing something that nobody wants.

    "The company's own Power server sales have been plunging amid a broader decline in UNIX and non-x86 server demand; they fell 28% Y/Y in Q2."

    That's on top of a 25% decline in Q1.

    That customers want alternative suppliers is obvious, but so far nothing from IBM has come close to being desirable, and nothing about this licensing changes that.
    Jul 28 08:18 PM | 9 Likes Like |Link to Comment
  • Intel, TSMC, Samsung, Apple: Who's On First? [View article]
    This is nothing new for Nenni. I don't think he has a clue as to what's going on, but when he sees negative press on TSMC's progress it gets him very agitated and he lashes out. He did the same thing back when TSMC was having problems with 28nm.

    He posts that on his blog because he controls the comments' section.
    Jun 26 11:01 AM | 9 Likes Like |Link to Comment