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Hubert Biagi

Hubert Biagi
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  • Private-equity agreements under the scope [View news story]
    Public pension funds don't care, they'll either sue the PE firm to get in front of the line, or they'll get the taxpayer to make them whole. It is the public pension fund management that should be scrutinized here. Public unions are treated like private entities until they get into trouble, then suddenly, it's our responsibility...
    Oct 19 02:28 PM | 4 Likes Like |Link to Comment
  • Scientists bash Lockheed Martin's nuclear fusion "breakthrough" [View news story]
    These scientists have turned fusion development into life long careers. They are busy securing funding and perpetuating the status quote. It's historically accurate to say it's often the military that forces the technology forward to meet their needs, ie, aviation, atomic energy, space flight, etc., etc. In this case... smaller and lighter reactors for the Navy.
    Oct 16 10:57 AM | 2 Likes Like |Link to Comment
  • Feds examine what went wrong at Texas hospital where two nurses infected with Ebola [View news story]
    I don't think the problem is "only three infected persons in the country", the problem is the hundreds and hundreds of people exposed unnecessarily. This is how epidemics start and the spin coming from the CDC is amazing.
    Oct 16 09:04 AM | Likes Like |Link to Comment
  • Report: Ebola patient flew Frontier Airlines [View news story]
    Another brain dead move. Flying the day after your co-worker tests positive for Ebola? So much for "self-monitored".
    Oct 15 11:52 AM | 1 Like Like |Link to Comment
  • Stockton bankruptcy ruling positive for monolines says BTIG [View news story]
    Public pensions expect all the returns of investing but without the risks, and assume the taxpayer should make up the difference. This ruling sends the right message to the public sector.
    Oct 2 12:15 PM | 1 Like Like |Link to Comment
  • New legislation signed in California to support electric cars [View news story]
    Do you know anything about silicon fab processes? It's one of the dirtiest processes out there. But, yeh, it happens in China, so I guess that doesn't count. Just like coal, as long as it's all burned in China... right? And the batteries, do you know anything about the mining of Lithium? "Clean energy" is only clean because all the dirty bits occur offshore.
    Sep 22 02:18 PM | 8 Likes Like |Link to Comment
  • Analysis: Tax inversion debate could help restaurant chains either way [View news story]
    Lol, looks like Warren Buffet forgot about his "millionaire tax" on this one...
    Aug 26 12:46 PM | Likes Like |Link to Comment
  • U.S. imports more coal even as Appalachian mines shut down [View news story]
    Right, we export low quality coal to China to burn with much looser emission standards, and then must import high quality coal to burn in our backyard. Last time I checked, it was all the same atmosphere. But I suppose as long as it's not in your backyard, it's OK?
    Aug 14 08:10 PM | 5 Likes Like |Link to Comment
  • Rumored Citi settlement out of line [View news story]
    Get your facts straight. Wasn't rubbish, was AAA according to all the rating agencies. And it was pseudo government agencies, Fannie and Freddie, just as greedy and "fraud-mongering", which started large scale, private securitization, in order to meet their HUD goals. In fact, when Citibank resisted the move into subprime, it was Acorn that led the charge and eventually helped, along with the pseudos, to force all the big banks into bad lending practices. It was Fannie's CEO Raines who argued to Congress that "we launched a redoubled new pledge… to provide $2 trillion for 18 million underserved families before this decade is over. …we are one of the best capitalized financial institutions in the world, when compared to the risk of our business… …these assets are so riskless that their capital for holding them should be under 2 percent.” People who didn't remotely qualify a few years earlier, were now getting interest only loans, with nothing down. And it was the Community Reinvestment Act that started all of it. Then years of mindless attacks by the Barney Franks on anyone who questioned these progressive policies. The result? In today's economy, you have an Apple, with a market cap larger than the four big banks, employing only about 60,000 Americans, while what's left of the big four, still manage to employ about a million. Think about that next time you're demonizing banks while enjoying your Isomething/Twitter/Fac... "social experience".
    Jul 9 01:25 PM | 10 Likes Like |Link to Comment
  • Christine Lagarde enters the minimum wage debate [View news story]
    We have spent something like $16T since the 1960's on the "War on Poverty" and "Great Society", and what do we have to show for it? Generations of people completely dependent on public assistance, the disintegration of the family unit, and the increasing sense of entitlement, that they are victims and someone else must be to blame for their lot in life. And then there are people like you, who closely follow SA while trading off the profits of these "sociopaths and psychopaths" who supposedly run America. You are the worse kind of hypocrite.
    Jun 17 08:46 AM | 5 Likes Like |Link to Comment
  • Big shift in Wells Fargo home equity offerings [View news story]
    Anyone can pay down principle at any time. Just send in an extra payment every so often and designate it for principle only. Fact is, if WF does this for you they'll have to increase the cost of the mortgage in other ways, ie, points, origination, closing, etc., etc. It all comes down to the cost of money. Usually best to just find the simplest, lowest interest, lowest cost loan. That is already a challenge.
    Jun 2 11:34 AM | 2 Likes Like |Link to Comment
  • Chamber study predicts Obama's "war on coal" will kill jobs [View news story]
    The point is all these emissions are all going into the same atmosphere. Even while China may be trying to reduce this problem, other nations trying to industrialize and catch up will turn to coal. It's simply not going away as a primary source of energy.
    May 29 08:50 AM | 1 Like Like |Link to Comment
  • Chamber study predicts Obama's "war on coal" will kill jobs [View news story]
    Coal is here to stay. I'm sure China and India will buy all the coal we won't use, and burn it under much less restrictive environmental standards. But last time I checked, it was still all one atmosphere. Too bad the diseased liberals cling to the "not in my backyard" mentality. What we should be doing is to lead the world in coal technology, and encourage it's use at home.
    May 28 08:09 PM | 13 Likes Like |Link to Comment
  • Despite climate threat, U.S. coal finds willing home elsewhere [View news story]
    Coal is here to stay. Instead of attacking the coal industry in this country, thus encouraging coal exports to China and India, where it is burned with much higher emissions, the Obama administration should lead the world in development of coal fired power plants. After all, last time I checked, it's all the same atmosphere... right?
    May 6 11:47 AM | 3 Likes Like |Link to Comment
  • Gates no longer largest individual Microsoft shareholder [View news story]
    Ballmer, the single greatest destroyer of wealth in the company's history...
    May 4 10:06 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
696 Comments
1,523 Likes