The US Congress is getting close to passing new financial regulation, attempting to rein in our friends on Wall Street. Pending legislation would limit Investment Banks’ ability to trade for their own accounts, and effectively bar them from trading derivatives. The bankers are pushing back. Surprised? The big banks argue that the Volcker proposal is … Continue reading
Hard as it is (for me) to believe, we began our blog one year ago today. And this is our 178th. post. But who’s counting. In honor of that Anniversary, I’d like to suggest that you check out some of our FAV posts. F2U Rio Linda, FAVS are items that I had the most fun composing, … Continue reading
The good news is that if a catastrophic event destroys mankind our investments will be extremely well managed after we are gone. The bad news is that the computers doing it may be trading for their own accounts instead of ours. This theater of the absurd scenario might be more plausible than you think, and occurred to me last … Continue reading
Get a grip, because I’m about to tell you how to double your money with no risk. While simultaneously bringing new meaning to the phrase, “go green”. Let’s talk recycling. Like me, I’m sure that many of your beer-drinking friends go on about the hundreds of dollars they ‘make’ by taking their crushed aluminum cans … Continue reading
I revel in a good day every so often, as an attempt to avoid morphing into a grumpy old man. Recently I went to Lowe’s home Improvement Center with the goal of purchasing a “Shrub Rake”. I didn’t know there was such a thing as a shrub rake before I got there, I was just … Continue reading
I have an acquaintance in the packaging industry whose products utilize a super-strong cardboard. You can stand automobiles on boxes made of his cardboard; we are talking here about serious robustness. Their shipping containers are used to transport auto engines and heavy machinery. Sit in your car, raise your hand up to touch the ‘head-liner’ on … Continue reading
In a nutshell, the way financial institutions (Big Bank) make their money is by knowing more than the other guy (that would be you). They will famously say that their priority is to serve their customers, and that capitalism depends upon them for the efficient allocation of capital. Also, that they are all in favor … Continue reading
My father’s name was Jack. When I hear someone say “You don’t know Jack”, I think of him. This coming Saturday, HBO will air a film starring Al Pacino titled, “You Don’t Know Jack”. But it’s not about my dad, it’s the story of Dr. Jack Kervorkian and the end-of-life debate. Last week Anderson Cooper … Continue reading
I’m a fan of Skinny Cow products. Not only do they taste good, but their ‘spokes-cow‘ reminds me of the old Gateway computer boxes and appeals to my inner geek. If you scan through their product line-up you’ll notice that they have a great variety of flavors. But even more importantly, they deliver them to … Continue reading
Now that speculation has begun on the cause of Saturday’s tragic plane crash in western Russia that killed Poland’s president Lech Kaczynski and many of the government’s leaders, it’s tempting to imagine that the pilots were pressured into landing against their better judgement. Investigators examining the crash appeared to be focusing on why the pilot did … Continue reading
Last week we noted ATT’s whining about a $1 billion [non-cash] charge they were being forced to take because of Obamacare. In fact the new law just eliminated a 7-year old scam allowing them to ‘double-dip’ by taking a tax deduction on healthcare premiums that were actually being paid (for them) by the government. A … Continue reading