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Hubert Biagi

Hubert Biagi
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  • Saying there "won't be any mercy." Gaddafi tells Benghazi residents, "we are coming tonight." Providing a bit of perverse comedy during tragedies occurring in Libya and elsewhere, he tells the people to thank God Libya isn't as bad as Japan.  [View news story]
    JST where is our foreign policy on this? Waiting for a civilian massacre? Oh yeh, I forget, March Madness overrides this silliness.
    Mar 17 03:23 PM | 5 Likes Like |Link to Comment
  • Elizabeth Warren defends the new Consumer Financial Protection Bureau against Republican criticism that it is a dangerous new bureaucracy. Its mission, she says, is "straightforward: make prices clear, make risks clear" so consumers can compare products. "If we had had this agency six years ago, eight years ago, we would not be in the mess we are today."  [View news story]
    Perhaps if the government weren't so busy pandering to the lowest common denominator, essentially dumbing down our society, and providing every sort of guarantee and backstop, then people would learn how to make their own decisions and accept responsibility for their actions.
    Mar 16 03:05 PM | 1 Like Like |Link to Comment
  • "Complete bunk" is Peter Schiff's view of the notion that Japan's rebuilding might actually boost its economy. “Resources used to rebuild are not available for other purposes"; instead of adding new infrastructure or producing more goods, those resources now merely replace what they lost. Still, the near-breakeven rally of the top Japan ETF (EWJ -0.2%) may show that the idea has believers.  [View news story]
    If your "house burns down", you'll try to rebuild it better. Japan has really been asleep at the wheel for the last decade. They've watched China and others overtake them economically. They've lost their status as the world's manufacturing and technology powerhouse, unable to rally national sentiment for the positive. Instead, we've gotten a lot of infighting and indifference. This earthquake and ensuing catastrophe are being compared to that of WWII. How is it then, after that great war, both Japan and Germany rose from the ruins to become economic powerhouses? This is the important aspect that Peter Schiff fails to recognize, being the naysayer and dweeb that he is, lol. He fails to acknowledge that the psychology of culture plays a major role in this recovery. The Japanese are a perfect fit for this play. They are loyal, self-sacrificing, and strongly believe in traditional values (mostly). They are fully capable of funding whatever it will take, and do whatever it takes, and in the process, become greater than before.
    Mar 15 06:26 PM | 7 Likes Like |Link to Comment
  • Faulted for missing numerous red flags during last decade's credit bubble, ratings agencies draw the wrath of EU leaders for leaning too far the other way. Spanish Premier Zapatero calls yesterday's downgrade an insult, and Greece's finance minister urges greater regulation.  [View news story]
    The insult is being downgraded by Moodys. Those rating agencies are total scams. Wasn't there supposed something in the Dodd bill that eliminated the requirement for ratings, lol? I suppose the rating agencies now have to balance out all those AAAs they gave out during the housing bubble. What a joke.
    Mar 11 12:35 PM | 3 Likes Like |Link to Comment
  • New York Fed chief Bill Dudley doesn't usually face a spirited crowd, but found one in his speech to the Queens Chamber of Commerce when he tried to play down inflation. Peppered with questions about food, he noted you can buy a much more powerful iPad 2 (AAPL) for the same price as the first model. Says one respondent: "I can't eat an iPad."  [View news story]
    While everyone is whining, AAPL sales go thru the roof, lol. How hard could it be out there?
    Mar 11 12:05 PM | 7 Likes Like |Link to Comment
  • In one of the broadest challenges to organized labor in decades, Republican senators in Wisconsin maneuvered around Democrats last night to pass legislation stripping public employee unions of collective bargaining rights. Several other states also will try to tamp down union power while cutting budgets.  [View news story]
    My understanding is they were stripped of the pension and benefits part of collective bargaining. They can still bargain on hours, wages, and working conditions. They still have a better deal than federal workers and many other states. I believe the democrats are more concerned about union political contributions, which may diminish as a result.
    Mar 10 10:38 AM | 12 Likes Like |Link to Comment
  • Pimco confirms that it's unloaded all U.S. government holdings, including Treasurys, in the Total Return Fund, the world's biggest bond fund. The holdings were at 12%, now zero; maybe Bill Gross isn't just talking his book. (Zero Hedge: No QE3?)  [View news story]
    "Serious structural problems" compared to what, or who? US treasuries are still the safe haven of choice. And yields have already risen significantly in the last 6 months, a trend I don't see continuing forever. The dollar is bouncing off the multi-year uptrend and equities are looking toppy. As far as Bill Gross, he has his own agenda, though normally, I would side with the big boys, but not against the Fed. That is the bull case.
    Mar 9 03:05 PM | Likes Like |Link to Comment
  • No sooner has the BP Gulf spill started to fade than a new energy controversy seems to have grown into its place: hydraulic fracturing - which now makes up 90% of gas drilling in the middle of a shale rush that's providing jobs and cleaner-emitting energy, but is also running far ahead of environmental regulators.  [View news story]
    BP was a train wreak waiting to happen. For years, they received more regulatory violation notices than just about all the other big companies combined, albeit, notices that had no real teeth. That's what the former CEO Tony Hayward was supposed to address. Despite BP's history, federal regulators from the MMS dropped the ball and basically rubber stamped BP's operations on the Deepwater Horizon rig. It has nothing to do with the size of the company or the "running far ahead" of the regulators. It has more to do with the mentality of government bureaucracy... typically cover thy ass first. I'm afraid nothing will change any time soon, even Obama spent most of his time covering his ass.
    Mar 8 04:50 PM | 1 Like Like |Link to Comment
  • A letter signed by mostly Republican foreign policy experts urges President Obama to call on NATO to send air and naval assets to Libya as soon as possible. Separately, Senators McCain and Lieberman ask for the establishment of a no-fly zone, and the abandonment of U.S. recognition of the Gaddafi government.  [View news story]
    Egypt was a no-risk call for Obama, so he made it. Libya is risky call, and our so called leader will be very tentative here. What we should do is protect the civilian population with an immediate no-fly zone, and make plans to extract Gaddafi, then put him on trial.
    Feb 25 03:35 PM | Likes Like |Link to Comment
  • The Republican plan to cut at least $61B in federal spending this year could reduce U.S. economic growth by 1.5-2.0 percentage points in Q2 and Q3 this year, warns Goldman Sachs economist Alec Phillips. A compromise bill with a $25B spending cut would reduce growth by 1 percentage point in Q2.  [View news story]
    And why is it that such a small spending cut would affect GDP so much, according to this Alec Phillips? Is our economy such a house of cards, lol?
    Feb 24 09:18 AM | 4 Likes Like |Link to Comment
  • Illinois hopes to sell $3.7B of bonds to make this year’s contribution to its teetering pension fund, essentially paying a single year’s bill by adding to its already heavy debt load - "short-term thinking... not unlike Americans taking out home equity loans to pay for cars and vacations before the housing bust."  [View news story]
    Aren't all the legislators from WI hiding out in Illinios, to avoid the budget vote? LOL, what a bunch of A**holes.
    Feb 18 10:39 AM | 1 Like Like |Link to Comment
  • Wisdom from Warren Buffett (BRK.A): "The single most important decision in evaluating a business is pricing power... If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10%, then you’ve got a terrible business."  [View news story]
    That's why he loves the addictive cigarette business
    Feb 18 10:01 AM | 2 Likes Like |Link to Comment
  • Social Security is beginning to pay out more than it takes in, but Robert Reich says there's an easy fix: Raise the ceiling on earnings that apply to the payroll tax. There’s no reason even to consider reducing Social Security benefits or raising the age of eligibility.  [View news story]
    Why is this KNOT surprising coming from the Reich man? Is the SS fund even there to count? Or has it been raided for so long that it is only the credit and faith in the US that makes it so?
    Feb 17 10:38 AM | 2 Likes Like |Link to Comment
  • Stock futures barely respond after weekly jobless claims came in a lot better than expected. Has an economic recovery already been priced in? Have concerns shifted to the commodities surge which has the potential to eat into corporate margins? Or is it just that no one takes the jobless statistics seriously any more?  [View news story]
    People giving up on the search, that's all.
    Feb 10 01:55 PM | Likes Like |Link to Comment
  • On a conference call, Yahoo (YHOO) unveils Livestand, a digital newsstand for tablets coming sometime in the first half - part of a mobile personalization initiative that (if all goes as planned) should result in a platform-agnostic experience that learns from readers what they want to see.  [View news story]
    The Yahoos over at Yahoo need to fix what they already have going. This website is already a rats nest of malformed adware, frozen messaging, real time tickers that don't work properly, crammed web pages that creep open, all sorts of extraneous, cranky pop ups, etc., etc.
    Feb 10 01:52 PM | Likes Like |Link to Comment