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This guy is a joke. He knows exactly what he did. If I understand the sequence correctly, he received a banker creative presentation ideas and then began purchasing Lub stock, obtaining a large position and then goes to Buffet and recommends they buy the company? Com'on,not only did he have inside information, he created the profit buy getting Buffet to buy Lub. He bought it within a one month span and Read More
It looks like we will debate whether the debt is a problem or not for 5 years, similar to the denial about the housing bubble. Then there will be a collapse that pales it and the Black Swan types of leadership styles will get returns that rival the herd mentality for all those years. I say denial because we are dishonest what the true debt is (counting social security IOU's, debt is much high than the Read More
Elmo, we were at close to full employment. The first 6 years of Bush administration the unemployment rate averaged around 5%. It got down to 4% at the end of Clinton and before the bubble popped and Bush inherited a recession, and then we had that 9/11 thingy.
The deficit also started going down beginning 2004 and then exploded when the Democrats took over in 2009.
When the unemployment rate is close Read More
Punit, you make a very valid point. BA has a small window of opportunity (albeit more than 5 years) to keep making money. I see parallels between GM and BA. Like GM, BA is unable to see that it needs to change management process. Management has exhibited gross incompetence. Union labor (machinists) too have kept on demanding unreasonably high raises under threat of strikes, much like the UAW did. The Read More
Al Qaeda is an ideology. It infects a vast swath of the Arab Islamic world. It is an ideology that believes itself to be victimized by Zionist Imperialism. It's primary concern is the Israeli humiliation of Arab Islam.
Today it failed. Tomorrow it will try again. We spend trillions of dollars in a war of attrition and countermeasures. We hold back the tide, but at what cost?
An ideology cannot be defeated Read More
Jeez, what a mishmash of incoherent ramblings. How anything Blinder writes actually gets into print is beyond me, not to mention on the editorial page of the WSJ. Blinder's ideas, more ad hoc governmental meddling in the economy, is the cause of the problem, not the solution.
Getting people to work couldn't be easier:
1) reset unemployment benefits to run out in 6 months, not 2 years. For as long as Read More
The idea for a Chief of Staff originated with Dwight David Eisenhow to motivate staffer, and that was from his years in the military. I think some Presidents after him tried to function without a Chief of Staff but the idea lasted only a short time.
Michele Obama is correct. A chief of staff, especially for people who know what they are doing and are true leaders is indispensible.
The dilettante amateurs Read More
Todd,
You are giving incorrect and dangerous advice to those you talk to, because of your bad personal choice.
Debit card DO NOT have the same protection as Credit Cards. College students need a transfer credit card debt card and need to build up a credit record. You cannot rent a car without a credit card, and it is very difficult to buy a house or a car without a credit history.
You are confusing the Read More
My advise: don't go to a chain or franchise dentist. They typically are paid on a commission or bonus structure for selling very expensive but dubious treatments with high margins. I have seen countless folks go in for a regular cleaning and be told they need very expensive periodontal implant adhd medications for children and other such unnecessary treatments. That is why they do not go back. A skilled Read More
Your argument would be ridiculous in reverse. A Canadian citizen plays hockey in the US for a salary and thus lives in the US. So he would play for the US team? I guess the US would say that's great. We get Yao Ming, Pao Gasol, etc. on the Olympic basketball team and Spain and China gets the lefhow to motivate a teamver guys who make basic wages playing in China and Spain. Beckham would play for the Read More