AlexS

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  • Positive ratings +17
  • Negative ratings -6
  • Net rating +11 or 73 %
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    • Fri Nov 21st 16:45 PM
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      Rating: +1 -1
      Commented on:
      Six Myths about the Big Three
      The big problem I think is retiree's health care costs. When I retire from the Fortune 500 company where I work I will still be able to use my company's health insurance policy. But the company won't subsidize me (I will pay the full freight). That's the way it is for most people I've talked to from big companies with good health insurance policies. The Big 3 shouldn't be on the hook for retiree's health care policies and the more they downsize the worse the problem will get, because there will be fewer workers for every retiree. The problem with a bailout, as I understand it, is that it won't change that basic equation, and without a change there it won't be long until the Big 3 are just back asking for more.
      View article »
    • Fri Nov 21st 15:35 PM
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      Rating: +2 -2
      Commented on:
      Bail Out Capitalism, Not Detroit
      We shouldn't bail out the government, either. They've done the worst job of all.


      On Nov 21 02:54 PM mitchm wrote:

      > To those who oppose to Auto Industry Bail out;
      >
      >
      > In a perfect world of Capitalism only the strong survive and business
      > takes care of itself. But those are not the ground rules we have
      > been playing under. The government has controlled and mismanaged
      > the credit markets with the introduction of the Community Reinvestment
      > Act and followed it up with deregulating and miss managing Fannie
      > Mae and Freddie Mac to the point that our credit system almost collapsed.
      >
      > Add to that the deregulation of the futures market that allowed oil
      > to hit $147.00 per barrel and started a consumer driver recession.
      > It is the governments fault, they caused the problem and they should
      > stand good to fix it. Gm has been in a restructure program for the
      > last several years that should reach a majority of it’s goals by
      > 2010. I’m talking about moving the legacy cost of the retirees to
      > the UAW, which with other cuts and changes would drastically improve
      > Gm’s underlying cost
      > per vehicle. Some say that GM built gas guzzler SUV’s and trucks
      > that the public didn’t want, but that was untrue, an out right lie.
      > They were built due to demand for such vehicles, look at your local
      > Toyota lot and see the number of full size V-8 trucks and SUV’s.
      > Toyota saw the demand and was trying to tap into that large market.
      > It was $4.00 a gallon gas that killed it in less than a month and
      > no company can change
      > production over in less than 6 months and retool especially with
      > the availability of loans gone. The government subsidized these large
      > vehicles with large tax credits for business owners and drove the
      > demand even higher. Another government mess up. We pay more to other
      > countries in the form of aid to help with our security. Those opposed
      > to helping out our manufacturing base survive the mess ups of the
      > government should ask themselves who will build the tanks and planes
      > the next time we need them. It makes me sick to my stomach to see
      > supposedly grown men and women play these political games and argue
      > over the fate of millions of worker’s future when they caused the
      > problem to begin with. It’s time for our elected officials to get
      > off their, he said she said, politically driven backsides, accept
      > the responsibility that they know is their’s and fix this short term
      > problem.
      View article »
    • Fri Nov 21st 14:25 PM
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      Rating: +5 -3
      Commented on:
      Bail Out Capitalism, Not Detroit
      Very good. Couldn't agree more.
      View article »
    • Tue Nov 18th 15:18 PM
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      Rating: 0 0
      Commented on:
      Magazines Continue to Be Ripped by the Economy
      "Extraneous" is the operative word here.
      View article »
    • Tue Nov 18th 12:56 PM
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      Rating: 0 0
      Commented on:
      Congress Offers Big Three Automakers Help, Makes Demands in Exchange
      With a burn rate of $2.3 billion a month, the latest loan will last until about a year before the Volt is scheduled to launch. Will there be another $25 billion bailout next year to get to the Volt, and another the following year to tide them over until the Volt starts to make money, which it probably won't? That would make $100 billion in all, or about $40 a share for two stocks (not counting Chrysler) that are trading in the range of $1-3 dollars a share.

      Congress' motto: No price is too high that it can't be paid with taxpayers' money.
      View article »
    • Mon Nov 17th 12:37 PM
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      Rating: +3 0
      Commented on:
      Peak Oil's Bell Is Ringing
      Regarding the boy who cried wolf, in the end there really is a wolf, and he really does eat the sheep if not the boy. Peak oil criers may be off in the timing, but are surely right in their stance.
      View article »
    • Wed Nov 5th 11:06 AM
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      Rating: 0 0
      Commented on:
      The Shallowest Generation
      Something tells me they weren't singing "We Won't Get Fooled Again" at the Obama rallies. They should have been. And they should have listened to the lyrics.
      View article »
    • Sat Nov 1st 13:54 PM
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      Rating: +5 0
      Commented on:
      Where Have All the Peak Oil Believers Gone?
      Give it time. We didn't say peak oil this month or even this year. And yes, the politicians can temporarily set it back by their stupid anti-growth policies. But growth will out in the end because, as the economists say, human wants are insatiable.

      You kids are always in such a hurry.
      View article »
    • Thu Oct 30th 12:05 PM
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      Rating: 0 0
      Commented on:
      Can the Fed Really Just Print Money?
      So if the Treasury bails out banks by giving them credit and the banks turn around and buy Treasury bonds that have been used to generate the credit (in order to build up their capital), has anything been created or destroyed? I would say no but people are upset that the Treasury is "creating" all this money. Really we would need to be concerned about the inflationary aspect of this when the banks actually started lending the money, providing some velocity as we break out of the circle between the banks and the Treasury. By the same token, as the markets perhaps has realized, what the banks and the Treasury have been doing doesn't amount to anything except to create a circle of isolated "money". Even the government seems to recognize this as they repeatedly state that the real goal is to bring private investors into this loop.
      View article »
    • Thu Oct 23rd 17:03 PM
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      Rating: 0 0
      Commented on:
      Rare Batman Pattern Forming in the VIX
      Where's Robin?
      View article »
    • Wed Oct 22nd 17:39 PM
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      Rating: +1 0
      Commented on:
      Solar Energy Powers More Vehicles as Gasoline Use Drops
      Wow, with these kinds of economics you should have no trouble at all getting private investors to foot the bill. And yet there they are, looking for taxpayers money. So what's wrong with this picture?
      View article »
    • Tue Oct 21st 15:12 PM
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      Rating: 0 0
      Commented on:
      How AIG Took Down Europe
      Looks like the European model of high regulation with lots of bureaucrats worked about as well as the U.S. model of relatively free markets. Once we gravitate to their system we can expect that nothing will change, as this little exercise has shown.
      View article »
    • Tue Oct 21st 13:04 PM
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      Rating: 0 0
      Commented on:
      Why Lending Standards Did Not Fall
      My sixth grade teacher, Daniel E. Rile used to say, "Figures never lie, but liars figure." I always keep that in mind when I read a report based on statistics.
      View article »
    • Tue Oct 21st 12:48 PM
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      Rating: 0 0
      Commented on:
      Coming Soon: The $600 Trillion Derivatives Emergency Meeting
      We just change CDS into another form of currency, like Monopoly money. Then we have a contest. Whoever has the most CDS in two weeks (the end of the contest) wins the first place prize of $100. Second place is $50. Then the contest is over and the CDS are cancelled and used as fuel in government fireplaces.
      View article »
    • Wed Oct 15th 18:11 PM
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      Rating: 0 0
      Commented on:
      Schumer Is Way Off
      I was reading in another column that Libor is a theoretical rate, a rate that would be if banks were lending to each other. It's obtained by gathering a theoretical rate from a number of U.K. banks, throwing out the highest and lowest sets of rates, and averaging out the rest. These banks don't actually lend to each other at the Libor rate. It's more like an opinion poll. However, there are a lot of financial arrangements that are tied to the Libor rate, for better or worse.
      View article »