More Erratic Economic Notions From Obama
Prolonged uncertainty will continue to limit hiring and minimize commitment to long-term capital expenditures. Only a very few large corporations with plans already on the books to expand capacity will take advantage of this temporarily accelerated tax break. This plan enables an acceleration of depreciation allowances which businesses would deduct over time, as such implementations fit into corporate long-term plans.
Friday, June 18, 2010(4 comments)
What Congress Should Be Asking Of BP
Congress should pull evidence on how and how much responsibility has been delegated to each executive, and how the process is in turn pushed down the various lines of command.
Saturday, January 16, 2010
Nantucket's Cape Wind Whips Up Hypocrisy
After the recent push from the White House and Congressional Democrats for Cap and Trade legislation, and for a Copenhagen Agreement, it is ironic that the Kennedy clan and its Massachusetts friends are campaigning against the Cape Wind project.
Tuesday, December 29, 2009
Napolitano -" Incompetence In Ascendance
One Canadian newspaper in April 2009 asked, in reference to Napolitano, "Can someone please tell us how she got her job?" The question today should be asked of the President, "How can someone this incompetent retain her job, and why has the task become so unimportant?"
Saturday, December 19, 2009
Tiger Woods -" The Hazards Of Assumptions
The public assumes that if you are supremely great on the golf course, you must also be gifted with other assets such as intelligence, grace, maybe even a little common sense.
Tuesday, December 8, 2009(1 comments)
Not Overheard In Copenhagen . . .
Political correctness and economic forces will prevent discussion on the root cause of stress on the earth's oceans, air, forests, rivers, and lakes. No one in Copenhagen will breathe a word about the world's population.
Wednesday, December 2, 2009
Transforming Perceptions Of Reality
Taxpayers deserve better from their Fourth Estate and from their politicians. If this transformation of perceptions doesn't end soon, the result will be an irreversible transformation of America.
Monday, November 16, 2009
Show Trial Goes To New York
Fanaticism is deaf to all pleadings, be they judicial, political or personal entreaties. Pretending that a federal civil trial will be a victory against terrorism is flailing against an ill wind, and will accomplish little but inflate the self-righteous.
The Obama Nobel Is Not About Peace
Obama's upcoming acceptance of the Nobel Peace Prize and the invisible strings attached to it, while he is quite entitled to claim it, along with his plans for Cap and Trade, may prove to be an enormously expensive exercise for all taxpayers on this continent.
Monday, September 28, 2009
Obama's Misstep On Iran
The signals showered on Americans and their allies by this Administration's decisions and announcements are confusing, but to Russia, they seem to be welcome and they reinforce its strategy of saber rattling. Sanctions have not deterred Iran's ayatollahs.
Thursday, September 10, 2009(7 comments)
Political Campaign Funding – A Democracy's Dilemma
When the constitutionality of any far reaching federal law is opposed, it is a matter of national relevance, however, when a law affecting the foundation of the Democracy is challenged, such event should be arousing everyone's notice and should be at the forefront of all news media outlets.
Friday, August 21, 2009(9 comments)
America, End Your Fear Of Wall Street
Through a century of market ups and downs, interest rate fluctuations, mergers, acquisitions, political influence, lobbying and positioning insiders to the most powerful government and government related institutions, the Kings of Wall Street have nurtured and advanced their isolated power to a point where they are responsible to no one.
Friday, July 31, 2009
Government Capping Compensation?
Government intervention has reduced competition in the banking sector, allowing the favored few bailout- receiver- therefore-government- backed behemoths to attract investor support, and has enabled their acquisitions of not so fortunate competitors. "-"-
Sunday, July 26, 2009
Government vs. Capitalism
Today we are confronted with a wave of negative wind pushing against the capitalism that has brought America its unprecedented success, as it absorbs the blame for the economic meltdown.
Tuesday, July 21, 2009(2 comments)
Bernanke And The Super Fed Say It's Over
With that level of insight you can now go out and make major decisions for your own future, such as, whether or not to buy a house, upgrade your car, perhaps even fly to Europe on the wings of hope. No?
Monday, July 13, 2009
Goldman Sachs: Thank You Mr. President
Regarding this nastiness of the past week, please do not be too concerned about all this talk surrounding our super high-speed fully automated transaction processors. Also please understand that they are our future. Admittedly, we are enamored with the technological prowess we have acquired. Don't believe those jealous rumors coming from begrudging low-level corners of the financial community, whining about our "edge."
Saturday, July 11, 2009
Obama's Russian Misadventure
The Moscow trip was not a favorable photo-op as it turned out, with Putin doing his best to appear nonplussed, and the meetings seemed to have accomplished nothing of substance. What was the point?
Tuesday, July 7, 2009(4 comments)
Do Not Believe The Pundits On China's Century
China has created a massive middle class in a single generation, but it has yet to empower it. China will not soon be supplanting Americans, or Europeans, in the mall line-ups yearning for China-made American invented branded and engineered products. American consumers are unconsciously pushing back the clock on that empowerment of the Chinese middle class through their dramatic behavior modification of the past year.
Friday, July 3, 2009
Dear Mr. President: Thanks Again For Cap And Trade
We note that some of our other friends on Wall Street are very preoccupied, as we write this letter, coming up with new and extremely creative financial tools which they expect to launch upon the Bill's passing. They look forward to a whole new set of opportunities opening up for them, replacing the ones eclipsed by the
Saturday, June 27, 2009(2 comments)
Neda Agha-Soltan - Innocent Symbol Of Revolution
Neda's graphic entry into martyrdom will have put an end to the placating of ruling Iranian thugs by a European leadership which has enjoyed business as usual for a generation, sanctions or not.
A New Dawn For Iran?
The potential for change is directly conditional on the persistence and endurance of the youth filling the streets of Iran. It will be unstoppable if the demonstrations move to the poorer rural regions of the country.
Obama's Not So Free Money
When businesses complain of the paperwork mountain required along with endless strings attached, someone should realize that the Obama free money has been rendered too onerous to be accepted.
Thursday, May 21, 2009(4 comments)
Detroit Icons - Ending More Than An Era
Vehicles such as the 1958 Pontiac Bonneville, the 1956 Ford Crown Victoria, the 1959 Cadillac Eldorado, the 1956 DeSoto Adventurer, the 1955 Chrysler C300, and the 1958 Chevrolet Impala were not simply transportation. They were the artful and complex product of creative teams, led by visionary designers who delivered "glory days" for their employers.
Common Sense - Apple Will Not Twitter
Going all the way back to '81 when Apple established an alliance of sorts with Logo Computer Systems for the Logo programming language that solidified Apple's position in the world of education, the hardware manufacturer has a history of establishing effective relationships to solidify its market presence. Spending $700 million on Twitter doesn't fit that blueprint.
Sunday, May 3, 2009(3 comments)
Dilettantes at the Chrysler Gate
The White House accusing the holdouts of acting against the national interest, is injecting the government directly into the management and decision making process governing the funds. This is a pretense that the activity of bankruptcy is somehow unnatural and un-American.
Saturday, May 2, 2009
A Nation Changing First 100 Days
As noted here previously, this President's First Hundred Days should have been spent understanding the complexities permeating the economy of the great nation he was taking charge of, and most of all he should have established for himself a thorough grasp on the nature of this peculiar economic ingredient we call inflation.
EBay, Skype, Goldman, Morals And Principles
At the time of the Skype acquisition's announcements, the financial media, while showing surprise, did little to clarify why such a transaction could possibly be considered good business. The answer lies in how the game is played on Wall Street.
Thursday, April 16, 2009(5 comments)
Politically Incorrect Reaction To Somali Pirates
With six and a half billion people populating this fragile planet, it is idiotic to believe that America can or should stabilize, democratize, infrastructurize, commercialize and adherentize every wayward country on Earth.
Wednesday, April 8, 2009(1 comments)
A Political Lesson From Italy's Disastrous Quake
Much news is being made that a researcher at the Italian National Physical Laboratory of Gran Sasso, Giampaolo Giuliani, predicted the events that have devastated the town of L'Aquila in central Italy. Government officials shut him down for "spreading alarm," prior to the actual catastrophic earthquake. There is an important lesson here, and we should all take heed."¨"¨
Friday, April 3, 2009(2 comments)
The War On Drugs Time For A Change
There will always be individuals among us seeking alternative levels of consciousness through substance abuse. Our objective as a society is to reduce the impact that these people's self-abuse has on the rest of us. It is time for a paradigm shift in attitudes and a reversal of the failed Control Substance Act governing the war on drugs.
Saturday, March 28, 2009(3 comments)
China's Weak Gambit On A Currency Shift
China is calling for a move toward an obscure international currency known as SDRs (Special Drawing Rights) used by the IMF, to replace the U.S. dollar. The proposal on first blush suggests China is concerned with looming inflation in the U.S. and the devaluation of the debt it holds. While a reasonable concern, why would it push for such a dramatic shift?
Thursday, March 19, 2009(13 comments)
A.I.G. - A National Embarrassment
This company's central role in the financial meltdown that is affecting the whole world deserves more scrutiny than it is getting from either Congress or the White House. America and its taxpayers deserve better.
Saturday, March 14, 2009(1 comments)
The Deal To Make With Madoff
Make a deal Madoff will not refuse. Provide Madoff sight of the end of his tunnel. Take ego and emotions out of the equation, and make light deals with each member of his family. Exchange the leniency for a complete and specific unraveling of the past thirty years Madoff spent in the more dubious financial chambers of Wall Street, Geneva, London, Monaco or Singapore. Get all names and amounts.
Thursday, March 12, 2009(10 comments)
The Fourth Estate - R.I.P.?
The accelerating polarization being perpetrated on society by the entertainment and culture industry posing as, "news," must be reversed, before we return to a state similar to pre-revolutionary France where the Three Estates considered were the Aristocracy, the Clergy, and the People, however, the People had no say in the allocation of their tax money once it was collected.
Saturday, March 7, 2009
Obama, The Third Tell
Obama will require more than a vague or passing acquaintance with the engines that will enable a return to prosperity, as he leads the charge to inject trillions into bailouts and the so-called stimulus of the economy."
Saturday, February 28, 2009(1 comments)
America's Overnight Transformation
On the surface, adding capital to an under-capitalized bank might seem to make sense. Unfortunately, the capital is coming from the taxpayer, and however the Administration camouflages it, this will be a nationalization of banks because the capital injections will exceed current market values of these financial institutions. In any case, this nationalization has already begun under the FDIC, and will accelerate as the largest
Wednesday, February 25, 2009(2 comments)
A Positive Trend Rising Out Of The Fear
A positive trend is imposing itself on the American landscape. The average savings rate, which had been 7.7% in 1992 and even reached lofty levels of 12% in the '70s, dropped to almost zero four years ago and stayed there. In the last quarter of 2008 that trend made a dramatic turn.
Friday, February 20, 2009(4 comments)
Obama Mitigating Mortgage Foreclosures?
No help will be provided for those who made rational decisions on purchases, but ample support will be provided to those who couldn't afford the homes they signed up for. Rationalizations for such a move are being promoted by the administration, Congress and the MSM.
Wednesday, February 11, 2009(1 comments)
Iran & A Solution To The Middle East
Iran presents the United States with the most potent opportunity for a comprehensive breakthrough in foreign policy affecting the whole of the Middle East.
Sunday, February 8, 2009(4 comments)
Obama's Salary Cap Red Herring
There is a very uncomfortable incursion materializing into the foundation and fabric of the capitalist system by the White House and Congress. That intervention is misguided.
Friday, January 30, 2009
Disrespecting Taxpayers & Shareholders
As CEOs beg for Troubled Asset Relief Program (TARP) handouts, the new corporate mantra is, "maintain shareholder trust," ... sorry, make that the new corporate mantra is not, but should be, ..."maintain shareholder trust."
Friday, January 30, 2009(15 comments)
Should Bailout Beneficiaries Be Outsourcing Offshore?
Congress and the White House have left a moral dilemma for American taxpayers to resolve for themselves. Government has not shown diligence enough to install common sense agreements onto the multibillion dollar bailouts. Should recipients of taxpayer favors continue to send jobs offshore?
Saturday, January 24, 2009(1 comments)
Bernie Madoff - A Letter Of Explanation?
The Editors of The Pacific Gate Post received an envelope from persons unknown, containing a letter apparently discarded in an alley behind an Upper East Side, Manhattan apartment building. The letter had been crumpled up into a ball and partially torn, possibly having been thrown out of a penthouse window.
Friday, January 23, 2009(2 comments)
You're Fired. Now, Where's My Raise?
Today Microsoft announced a shaving of 5,000 jobs internally, and a reduction of thousands of external jobs with its contractors or suppliers. This is rationalized by "economic conditions." Did we read anything about wholesale compensation cutbacks? Not much.
Friday, January 16, 2009
Consumers And Volatile Oil Prices
Consumers across North America daily check the wildly fluctuating prices of gasoline at their favorite neighborhood stations. Magically, prices change at all those pumps in unison. Just as strangely, pump prices have not dropped in step with the currently defeated price of crude.
Monday, January 12, 2009(10 comments)
Cell Phone Invasion Of Thought
There exists a space of about six feet in circumference around each of us that has long been considered our very personal and intimate domain. We become uncomfortable when someone invades that space uninvited, yet cell phones invade more than our personal space. They intrude on the moment.
Saturday, January 3, 2009
Myths Of Debt To Be Corrected For 2009
Rather than giving in to external strafing of our decision making, it is high time each of us gave a little more room to our own individual Intuitive Knowers, abating the consequences of our overwhelming egos and intellects.
Wednesday, December 31, 2008(6 comments)
Israel, Hamas, Lebanon Here We Go Again. And Again.
Most critical to any long term silencing of the rockets, would be reading and hearing loud pronouncements from the long silent voices of the vast majority of Arabs and their leaders. Their chorus should emphatically vocalize support for the existence of Israel.
Wednesday, December 24, 2008(2 comments)
A New And Different Shattering Of Assumptions
Will the best-connected voices, the CEOs cap-in-hand, be the most rewarded in the bailout line-up? The taxpayer will continue to borrow trillions of dollars to enable these bailouts of Wall Street, and it will be left to our children and grandchildren to figure out how these debts will be repaid. Can't we just assume that they will? That would be easier. The dogmatic nudging of our perceptions is disquieting. We are perhaps
Is Madoff Really A Wall Street Anomaly?
The investment game is prodigally encumbered with inducement for manipulation or corruption, imploring the weak of fortitude, morals and principals to abide to discrepant customs. When managing "someone else's money" it is too easy to take a piece over and above the agreed to fees. At the apex of the pecking order are market savvy managers of large capital pools who accost both sides of financial transactions in monastic
Saturday, December 13, 2008
Leveraging Billion Dollar Connections In Congress
Cerberus has for years had a nasty reputation on Wall Street as a fierce player and hard nosed negotiator, which is its right. Everything Congress is not. In this game of risk, connections and being ruthless make all the difference. In the Chrysler deal, these warm associations and substantial sphere of influence will bring access to taxpayer funds.
Thursday, December 11, 2008(4 comments)
Obama - The Second Tell
Debt is seductive. During this past weekend President Elect Obama, while making promises of unprecedented public works projects, stated, "We've got to provide a blood infusion. And that means we can't worry short-term about the deficit."
Friday, December 5, 2008(18 comments)
Revising Government Relationship To Money
The American economy rests on the back of the American worker and consumer. Taxpayers own the government, and currency is only a tool enabling commerce. Get it working for you not against you.