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  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    The private market isn't developed in Canada because the politicians want to control that aspect of people's lives. Public healthcare means revenue control, control of people, control of votes etc. It's all about control.
    Dec 14, 2010. 04:30 PM | 3 Likes Like |Link to Comment
  • After soaring last week, a "way overpriced" Youku (YOKU) is  -18%. This may just be a reality check, given the company isn't even profitable, says Glen Bradford. Youku's impossible post-IPO $4.3B valuation was "like paying $1M for a new Toyota (TM) Corolla just because Paris Hilton is sitting in it."  [View news story]
    I can't see why anyone would find Paris Hilton appealing. She's not physically attractive and she acts like a degenerate.
    Dec 14, 2010. 11:04 AM | Likes Like |Link to Comment
  • Research in Motion's (RIMM +0.9%) PlayBook tablet will move a relatively low 2.1M units in 2011, says Citigroup. Worse, RIM's worldwide smartphone market share is 15%, down from 21% in 2009. Citigroup projects $1.62/share for Q3, versus the consensus $1.64/share, and reiterates a Sell rating.  [View news story]
    Isn't the market for smartphones growing at about 30% per year? Yes, it's not great that RIMM lost hardware market share, but they also have a great business model in that they make money off subscriptions to their networks and not just the hardware.

    Anyways, this analyst is raising his price target 17% but telling investors to sell the stock. I guess he believes a 17% return is inferior to what the broad market will do or what technology investors could get by owning Apple or other tech names.
    Dec 14, 2010. 10:58 AM | Likes Like |Link to Comment
  • Youku.com: Best Short of 2010-2011? [View article]
    I agree with the author and with you. The company is way overvalued in a similar way to many internet companies that tanked during the internet bubble. Now, I don't think Youku is going to tank to zero like some of those tech companies did, but the overvaluation theory is still the same.

    On your side of the argument, there are companies like Amazon that were overvalued but the actual success of their businesses caught up with investors enthusiam. It can go both ways.

    But in terms of the likelyhood of anyone who buys in today making a good return on their investment, I would agree with the author that you can find companies like RIMM who are growing very well and are extremely fairly valued as opposed to Youku.
    Dec 14, 2010. 10:54 AM | 1 Like Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    It shows just how dishonest some of the members of Seeking Alpha are when I get a negative 2 rating for just stating a fact that I travel to the U.S. for healthcare and therefore what happens to the American system matters to me because I use it.
    Dec 14, 2010. 06:45 AM | 2 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    I have been to the U.S. 4 times in the past 18 months for private treatment. Therefore, I really care what happens to your system.
    Dec 13, 2010. 10:22 PM | 2 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    In Canada, the public versus private debate is often discussed as woes to our public system are many. So, many Canadians have alot to say about how medical systems operate in other countries.

    If the U.S. goes to a public style health care system like Canada's, I won't be able to travel to the U.S. to get treatment.
    Dec 13, 2010. 10:20 PM | 2 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    The democrats and many republicans for that matter won't allow that to happen because it cuts them out as middlemen. Government is a criminal enterprise and those that try to reduce its size and influence get drowned out by all those that have invested in the pyramid scheme. If you try and refuse government, they will attack you and try to find anyway possible to weaken you and marginalize you.

    An armed revolution is the only solution.
    Dec 13, 2010. 10:14 PM | 3 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    My comments aren't stupid.

    Regarding healthcare, I know the result of public healthcare because I live in a country which has it. Private healthcare is illegal in my country and it creates so many problems. One of the worst feelings in the world is being sick and not having the legal option of paying a doctor to help you. Many people talk about how they are outraged that some Americans can't afford healthcare. Well, think of how outrageous it is that Canadians pay taxes for public health care and then are still refused the care. If you refuse to pay the taxes, they will confiscate your property and potentially throw you in jail. Yet, they still don't have to provide you with a doctor. There are millions of Canadians that pay taxes for healthcare and don't even have a family doctor because of shortages.

    In Canada, I can pay for healthcare for my dog or cat, but not myself. Most Canadians have pets and most of them can afford veterinary services for their pets, but when you ask them to consider private health care for humans, they scoff at the idea. Most Canadians can afford to go to the dentist or the chiropractor, yet that is private. Why is it legal and acceptable in Canada to pay a dentist to take care of my teeth but not legal and acceptable to pay a specialist to care for another part of m body?

    Secondly, America created its wealth because of its private enterprise system. China has created wealth because of its move to a more private-based system. The same thing is happening in Brazil, Vietnam and Indonesia etc. So, it makes no sense for America or Canada for that matter, to go in the opposite direction. The government is a cost. If they are to be involved, it better be absoultely necessary. And if they are involved, there interference shouldn't be composed of consuming vast sums of GDP and then distributing it to various special interest groups.
    Dec 13, 2010. 10:09 PM | 5 Likes Like |Link to Comment
  • A Virginia federal judge rules part of the healthcare reform law - the individual mandate setting fines for those who don't carry insurance - is unconstitutional, siding with the state against the federal government. Brief spikes in insurers have largely come back to earth: WellPoint (WLP) +0.8%; Cigna (CI) +0.1%; Aetna (AET) +1.3%; UnitedHealth Group (UNH) +1.6%; Humana (HUM) +0.3%.  [View news story]
    Well, the bank owns the house until you pay them back.
    Dec 13, 2010. 01:07 PM | 1 Like Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    You will eventually have death panels in your country if you adopt a Canadian or British system.
    Dec 12, 2010. 09:38 PM | 3 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    There are many more taxes than just income taxes. Secondly, no matter how much money the government brings in, they will, over the long-run, continue to run deficits, so the notion that taxes have to be raised in order to balance the budget or pay down the debt is a farce. Thirdly, if half of all americans don't pay any taxes at all, why doesn't the government tax them considering they use many services yet don't pay for them?
    Dec 12, 2010. 09:34 PM | 3 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    How can it be migrating to the right when most of my comments in this thread have been rated highly negative. This board is becoming decidely left, not right. I don't understand why those on the left even frequent sites like these. The left hates profit, they hate private investment, they hate choice etc. You guys on the left should be perusing the Huffington Post. Any excess money you have you should be donating to the IRS to help pay off the national debt or giving it away to the poor.
    Dec 12, 2010. 09:25 PM | 3 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    The mere fact that Obama has attempted to control the health care system much like it is done in Canada and Great Britain qualifies him to be as bad as Bush (I don't share your opinion of Bush, but in arguing your point I made that reference).

    In Canada, we do have death panels as Sarah Palin has mentioned in her criticism of public health care. In my country, the government designates health care spending before the health care is needed/demanded by the public and then patients are put on waiting lists for the care. Now, do you really believe that patients don't die before 'their turn' has come for service? Do you think that the doctors have a crystal ball and can determine exactly when to treat each patient so that not one is lost because of a lack of service? Of course patients die while in a system that refuses them immediate care and also refuses to allow them to seek an alternative in their own country - that's a death panel in every sense of the word.

    The Canadian government decides how much money goes to what ailments and treatments, which treatments are allowed and which ones are not to be covered etc. The government will allow those on disability to jump the line and get treatment faster, while those still tyring to hold onto their jobs have to wait. If you are a relative of a family member who works at a hospital, you don't have to wait. If you are a police officer or fireman, you will get treated more quickly. If you are in prison and ill, you will be seen very quickly. But if you are an average joe, who doesn't fall into one of these categories and you try to do your best to live your life as normally as possible, the wait from family doctor to specialist to diagnostic access to assessment to surgery etc. is often over a year. And that's if everything goes as planned. If things don't get diagnosed properly or you want a second opinion - good luck to you, because you will have to go through all the crap that you initially underwent once again.

    And the real kicker is that the politicians in Canada - Danny Williams and Belinda Stronach for example, fly to the U.S. to get immediate treatment while at the same time blocking any attempt by legislators that are interested in private healthcare to bring competition to Canadians who are suffering.
    Dec 12, 2010. 06:25 PM | 5 Likes Like |Link to Comment
  • Wall Street's curmudgeon-in-chief, Third Point's Dan Loeb, pens a letter critical of the President. A former Obama supporter, Loeb is turned off by the President's "smack downs" on successful Americans, otherwise "known as the 2%." His holiday gift for Obama's true believers: "He's Just Not That Into You."  [View news story]
    He has tried to do almost everything he said, he just hasn't been able to convince his democratic friends on his side of the aisle. If you are upset with the outcome of his presidency so far, you should place the blame on the democrats that rode his coattailes into office but turned against his agenda once there.

    And you should be generally happy in that Obama made a serious attempt to control health care. Once you control health care, you will control alot of the people's behaviour.
    Dec 12, 2010. 06:09 PM | 2 Likes Like |Link to Comment
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