is overstated. I am shocked, shocked. It seems to me the environmental area is ripe for charlatans. If you know any youngsters interested in being charlatans, you might suggest climate change, environmental. These youngsters should be cautioned NOT to allow any measurements of anything-it would ruin the scam.
Brad Evans
Showing posts with label News. Show all posts
Showing posts with label News. Show all posts
21 December 2008
Repeat of Milgram experiment
shows people are still willing to torture. "People weren't given an opportunity to ask if what they were doing is moral." Well, when are you given a chance to ask if something is moral? There is no stamp of unethical on things. You always have to be prepared.
Brad Evans
Brad Evans
20 December 2008
19 December 2008
21 November 2008
Bernie Ecclestone in divorce proceedings
Slavica, his wife, has filed for divorce. He reportedly put billions of his money in his wife's name, presumably for tax reasons.
Brad Evans
12 November 2008
Banks no longer subject to Section 382 of Tax Code
Section 382 of the Tax Code was designed to prevent profitable companies from purchasing companies with losses and thereby avoiding tax. No matter how you feel about this, the Treasury usurped its authority in making banks free of section 382. The cost to taxpayers is estimated at $110-150 billion. Perhaps the Treasury should give back $150 Billion of the bailout funds.
Furthermore, Congress is mad, but also scared to reinstate Section 382 for banks, fearing they will be blamed for a Great Depression.
Brad Evans
Furthermore, Congress is mad, but also scared to reinstate Section 382 for banks, fearing they will be blamed for a Great Depression.
Brad Evans
08 November 2008
Obama again
The plan is to require community service, but the wording was changed from "require" to "set a goal."
It doesn't look like words mean a lot. He's a free trader, but he's not; he won't set economic policy now, but he will. I'm afraid we will have to watch what he does, not what he says.
Sowell talks about conflicting visions. He divides people into those who want protection from the government and those who want to use the government and laws to advance their agenda. Obama is in the 2nd group. He has Rahm Emmanual to push through his agenda. I don't think that the current fiscal crisis, or the projected fiscal crisis related to government pensions and health care, to Medicare, and Social Security, will deter his administration from trying to achieve their goals.
The Bush Administration damaged our freedoms. It looks like the Obama administration will be worse (if that's possible) for liberty and freedom.
Brad Evans
It doesn't look like words mean a lot. He's a free trader, but he's not; he won't set economic policy now, but he will. I'm afraid we will have to watch what he does, not what he says.
Sowell talks about conflicting visions. He divides people into those who want protection from the government and those who want to use the government and laws to advance their agenda. Obama is in the 2nd group. He has Rahm Emmanual to push through his agenda. I don't think that the current fiscal crisis, or the projected fiscal crisis related to government pensions and health care, to Medicare, and Social Security, will deter his administration from trying to achieve their goals.
The Bush Administration damaged our freedoms. It looks like the Obama administration will be worse (if that's possible) for liberty and freedom.
Brad Evans
GM's cash burn rate
GM will run out of cash by the end of 2008. Whoever thought we'd be calculating a cash burn rate for GM?
Brad Evans
Brad Evans
Obama
How will he do as President?
I am a little worried. He says that he is a "free-trader," then, in the next breath, explains that he is not really a free trader. He says that Bush will make executive branch economic decisions, then wants an economic stimulus package. He particularly wants more money to bailout the auto companies. I am afraid that the auto companies have large leaks and no amount of bailout will alter their outcome. They will sink.
Brad Evans
I am a little worried. He says that he is a "free-trader," then, in the next breath, explains that he is not really a free trader. He says that Bush will make executive branch economic decisions, then wants an economic stimulus package. He particularly wants more money to bailout the auto companies. I am afraid that the auto companies have large leaks and no amount of bailout will alter their outcome. They will sink.
Brad Evans
Convicted Felons and Politics...
UK takes Thaksin Shinawatra's Visa away. Meanwhile, Ted Stevens may be the first convicted felon elected to the Senate.
Brad Evans
Brad Evans
04 November 2008
15 October 2008
More on the bailout...
Perpetual preferred? At least it's alliterative.
Credit Slips says the deal is structured to fulfill the banks' capital requirements. "What strange times we live in when Treasury and the Fed have to engineer a deal to circumvent their own regulations."
CFO.com notes that the SEC has circumvented their own rules regarding Perpetual Preferred. You don't have to mark to value if the value goes down.
You can fool some of the people all of the time, all of the people some of the time, but not all of the people all of the time (I think this quote is Abraham Lincoln's). You wonder when they will stop thinking they can fool people.
Brad Evans
Credit Slips says the deal is structured to fulfill the banks' capital requirements. "What strange times we live in when Treasury and the Fed have to engineer a deal to circumvent their own regulations."
CFO.com notes that the SEC has circumvented their own rules regarding Perpetual Preferred. You don't have to mark to value if the value goes down.
You can fool some of the people all of the time, all of the people some of the time, but not all of the people all of the time (I think this quote is Abraham Lincoln's). You wonder when they will stop thinking they can fool people.
Brad Evans
Bailout...
The idea seems to be to get people to agree to a small amount, then increase the lending to a large amount, which will be approved because we've already spent the smaller amount. Then, repeat...
Wait, isn't that part of the reason we're in the mess we're in now?
Brad Evans
Wait, isn't that part of the reason we're in the mess we're in now?
Brad Evans
07 October 2008
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