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  • NYT: Hagel first administration casualty of election defeat [View news story]
    No big loss - he was a lapdog for the administration in pushing their social experimentation in the Armed Forces.

    Of course, the next one will be at least as bad, if not worse.
    Nov 24, 2014. 09:47 AM | 1 Like Like |Link to Comment
  • Update: Nevsun Confirms It Has Been Approached To Be Bought Out And Has Announced Good Exploration Results [View article]
    You want a corrupt country in which to own a top quality mine - try Calendonia Corporation in Zimbabwe!

    Zimbabwe is the kind of place where the unilaterally change the law by ruler decree, and then guys with guns show up.

    While the United States has reached the point of change of law by unilateral decree, guys with guns don't show up at you door (not quite yet, at least).
    Nov 22, 2014. 02:26 PM | 1 Like Like |Link to Comment
  • G20 commits to grow economy; Russia isolated over Ukraine [View news story]
    I don't have the figures in front of me, but the only major world economy that did not use extreme levels of debt to try to grow their economy, and hence not beholden to large international financial organizations, is Russia.

    I believe their debt to GDP is around 12%.

    I'm sure the West picking a war with them has nothing to do with this.
    Nov 18, 2014. 10:44 AM | Likes Like |Link to Comment
  • Chesapeake Granite Wash - Distributions Diving, Hope Trade Continues [View article]
    Used to own this dog - never again without some serious analysis. Another asset investment class that Wall Street has turned into a casino.
    Nov 17, 2014. 05:38 PM | 1 Like Like |Link to Comment
  • G20 commits to grow economy; Russia isolated over Ukraine [View news story]
    Western plan - print more money to fund government programs, while allowing even more goods from the 3rd World into their economy. If it hasn't been working, just double down on it. Pretty imaginative.

    As far as "prosperity and freedom", try opening a new business today without having connections in the right place, or go out in public assuming your travel, communications, or economic transactions are private.

    Total U.S. debt has doubled in the last seven years, including $1.1 trillion when allegedly the nation deficit was "only" $550 billion. Clearly evidence of "prosperity".

    Russia may not be the "good guy", but they have behaved exactly as anyone who pays attention would expect. NATO has expanded their reach all the way to the Russian border - trying to grab Ukraine was the straw that forced Russia to act, and they now have the leadership and capability to not just roll over for the Western bankers.
    Nov 16, 2014. 02:16 PM | 2 Likes Like |Link to Comment
  • Fake Growth, Fake Money, Fake Jobs, Fake Financial Stability, Fake Inflation Numbers? [View article]
    Job growth even among so called "quality jobs", may be occurring, but the quality of these jobs are less than 10 years ago.

    For the vast majority of people in Corporate America, pay, benefits, perks, etc. are all a shadow of what they were 10 years ago. The differences at my employer are stark - to the point that there is no way I would have accepted a position if the current level of benefits were what existed a decade ago. Today you have no choice, else you stay out of work.

    Corporate leadership knows they have their employees by the hair, and are still kicking them around. When benefits start improving, I'll believe the job market is better.
    Nov 7, 2014. 09:46 AM | 3 Likes Like |Link to Comment
  • American Capital to split in three; +9.5% AH [View news story]
    I bought in early 2013 expecting the stock to recover as they burn off their tax net operating losses, and accelerate once they start declaring dividends.

    However, I have this in an IRA, so not sure if I want to deal with long term tax issues of a bdc in an IRA. I had no idea this type of spin off would happen.

    I guess first I need to figure out what those issues would be before deciding.
    Nov 5, 2014. 10:42 PM | 1 Like Like |Link to Comment
  • Northern Tier Energy beats by $0.08, beats on revenue [View news story]
    Still think this is a hold. Stock still seems low for the results, so maybe expectations are lower in the future.

    Or maybe "Mr. Market" is really not about long term results.
    Nov 4, 2014. 10:03 AM | 1 Like Like |Link to Comment
  • Union workers ready for a fight with oil refiners as contract set to expire [View news story]
    Not sure who I like less - greedy overpaid union guys, or greedy, overpaid, executives who run most of Corporate America.

    The Corporate execs take it I think, only because our current system gives them huge incentives to crush the peons in order to line their own pockets. In their minds, peons include any level of professional or management below "The C- suite".
    Nov 3, 2014. 05:22 PM | 1 Like Like |Link to Comment
  • Update: Nevsun Resources Earnings [View article]
    I own this company - I can only assume the drop in copper prices is hitting this stock, but I'm patient and can wait.

    Dividend is easily supported as well.
    Nov 1, 2014. 12:28 PM | 1 Like Like |Link to Comment
  • Is The Russian Black Swan Dead? [View article]
    Good article. Both sides in Ukraine achieved their goals.

    Russia keeps it's warm water port in friendly hands, and has a buffer zone in Ukraine, while keeping its leverage. I suppose Russia would have liked to gain a land bridge to Crimea, but they still finish in better shape than anyone would have imagined last February.

    Western bankers get another European country to leverage up with debt, and gain economic control. They also underestimated the importance Russia puts on keeping Crimea in friendly hands, so they didn't get everything they wanted either.

    The biggest losers? Western taxpayers who get to prop up another marginal country, and the Ukrainians, who have merely changed the name of the overlords who will loot their country.
    Nov 1, 2014. 12:27 PM | 2 Likes Like |Link to Comment
  • Movement to raise tobacco age to 21 gains momentum [View news story]
    Worse than being able to join the military is the fact Big Brother doesn't trust them to smoke, but allows them to vote.

    I'll go along with a smoking and drinking age if they push to raise the voting (and draft) age to whatever they set for those vices as well.
    Oct 29, 2014. 09:14 AM | 4 Likes Like |Link to Comment
  • Is Casual Dining Dying? [View article]
    Eating out with children is too expensive, especially with tax and tip. I always think when I get the bill that there is no way it was worth what we paid. We have figured out the way around that is to be in a rewards program with one restaurant, and pick a night when kids eat free.

    That being said, my wife and I take the kids out once a month, if nothing else so they can have proper social behavior in public reinforced. Since smacking your kid in public is frowned upon, most parents put up with their kids buried in their phone, ignoring everyone else. Even worse, parents are doing the same thing. Why go out?

    My kids have a rule - no toys, tablets, phones etc. for the one night out every month. We are forced to interact as a family, and reinforce proper social skills.
    Oct 27, 2014. 12:43 PM | 10 Likes Like |Link to Comment
  • Newcastle Investment begins trading post-reverse split [View news story]
    I'm considering selling only because I prefer the assets in SNR vs what will be left in NCT.

    NRZ, NEWM, and now SNR. It can be confusing, but the company has increased shareholder value.
    Oct 23, 2014. 12:15 PM | Likes Like |Link to Comment
  • New Residential reverse split takes effect [View news story]
    You are correct, plus NRZ last year had part of the distribution as return of capital, if I remember correctly. It is not something I'm doing, but considering something similar for the NCT/NSR spin-off.

    One other thing I forget - with my wife not working, itemizing, deferring, and having kids at home, I benefit from 0% capital gains federal tax rate from the evil tax cuts pushed through by George W. Bush.

    Oct 20, 2014. 04:01 PM | Likes Like |Link to Comment