Debt To Stock
A while back, I wrote about what seemed to be a clever idea: One alternative idea I heard on NPR today [September 26, 2008] was a suggestion that a change in the bankruptcy code, perhaps drafted with a very short… Continue Reading
Industry and Commerce
Two Month Update
At the end of December, I made sixteen predictions for 2009. Here’s how I’m doing so far: Prediction Status The United States Federal deficit for calendar year 2009 will exceed $1.5 trillion. I may have been too modest in this… Continue Reading
Apply For The Best Job In The World
It pays AUS $150,000 a year — that’s just over $100K in U.S. money. The job requires relocation — to a paradisical tropical island off of the Great Barrier Reef in Queensland. Perqs inclue rent-free lodging in a three-bedroom vacation… Continue Reading
New Year’s Predictions
We’ll revisit this post in a year. Here are some things that I will be looking for in 2009: The United States Federal deficit for calendar year 2009 will exceed $1.5 trillion. A human being will be cloned. There will… Continue Reading
Bridge Loan To Nowhere To Proceed
It’s official: $17.4 billion of TARP money will be “loaned” to General Motors and Chrysler over the next three months, with the hope that these troubled corporations will restructure their debts and pull Nosferatu off their necks negotiate new deals… Continue Reading
Swoopo: It’s Brilliant And Evil And Gives Incredible Margins
From the Freakonomics blog at the Gray Lady, I learned about Swoopo.com. This is evil. Click on the link and see what the opening page looks like. It appears that things are for auction for ridiculously cheap prices. There’s two… Continue Reading
Strings Attached May Include Loss of Stockholder Autonomy, Inability To Pay Dividends, And Nationalization
When you go to the government for money, you have to expect that, even if you are successful, it will come with strings attached. As the President and Congress warm to the idea of a $15 billion auto industry bailout,… Continue Reading
Big Three To Go The Way Of The Dodo
Or at least, so says this year’s Nobel laurelate in economics. This despite a $15 billion life support program that is being thrown its way, despite the vehement objections of the voters, this blogger, and the dictates of common sense.… Continue Reading
Cause For Skepticism
When a vampire tells you, “I want to bite your neck and suck your blood so I can predate on you like I’ve been doing for years. But I promise that now I won’t take too much blood from you,”… Continue Reading
RODATFO
I was challenged over the long weekend about the Detroit-based automakers and whether they built marketable cars. The concept that I was asked to incorporate was the idea that CAFE (Corporate Average Fuel Economy) standards, which are imposed on auto… Continue Reading