Archive - Jun 2010 - Blog entry

While fundamentals are improving, serious long-term structural issues remain. Nowhere is income inequality growing more rapidly than among the elderly. Third World America has arrived. And unfortunately, it's not only an American problem.

Transocean (RIG) President and CEO Steven Newman performed a dance--Bollywood style--at the company's 2009 safety review in Mumbai, 14 months prior to the Horizon incident.

I think he is selling hot air.

Its that time of the day. Again. Futures charts + open thread + musical and literary recreation

You would think if someone is willing to handle the Gulf oil clean-up with equipment and technology not available in the U.S., and finishes the job in shorter time than the current estimate, the U.S. should jump on the offer. But it turned out to be quite the opposite.

Some reality to go with your reported fiction?

All of BP’s efforts to date have really been “Hail Mary’s” doomed to failure. Bring in a small tactical nuclear weapon, or you can kiss BP goodbye.
It’s a lot easier than it sounds, and would probably work. It’s either that, or face the environmental equivalent of Chernobyl meets Katrina. (BP).

Baltimore Mayor Stephanie Rawlings-Blake has proposed several changes to the pension system for police officers and firefighters. But the unions are suing, and they may have a good case.

This is a look at the downside of boom and bust economics. It is Austrian creed that central banks create the boom-bust cycle. Keynesians and Monetarists take a different view, and generally rule out our Fed as being the "cause" of business cycles. This is the story of a fine local bank that got caught up in the boom-bust cycle without understanding it. The bank cratered and took down many good people with it. Keynes said "in the long term we'll all be dead." Some of these folks don't have that luxury. When will we learn?

We're getting close.

Hello ... is anyone there to confirm or deny this?

The title is quite self-explanatory...

Something interesting just happened.

The consumer products giant’s $238 billion market capitalization now tops that of Microsoft. To see the company bring out the IPad and sell 2 million units during appalling economic conditions is nothing less than amazing. Forecasts for the global smart phone market are ratcheting up by the day. Sales of several of its products are going hyperbolic at the same time. Steve is sitting on a monster cash flow generator. Earnings could skyrocket from the current $12/share to $30 over the next two years. So who is the world’s worst Apple stock trader? (AAPL), (MSFT).