Monthly Archives: February 2009

Sign of the Times: Demise of Newspapers

It is unbelievable to see the demise of so many newspapers, brought about by rapidly changing technology coupled with the economic slowdown. A truly historic moment, and one with wide-ranging implications. News is increasingly concentrated in the visual media (where … Continue reading

Posted in newspapers, rocky mountain news | 4 Comments

AIG Gains Deck Chair on Titanic!

Wow, I have to say I am so shocked, shocked! that the truth is coming out about AIG (hint: that $150 billion investment, most likely a total loss for taxpayers).  I really believed the Feds when they said it was … Continue reading

Posted in aig, bailout | Leave a comment

Buy Your M-1 Garand Now

Because you won’t be able to buy it later.  I suspect that an “assault” weapons ban will pass Congress shortly.

Posted in guns | Leave a comment

31 Billion?!?

Hard to say whether or not GM was piling losses into 2008 to make their situation look desperate so the government will hand them more money.  We can conclude however, that their financial situation is not too good.  31 billion … Continue reading

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California Gets a (Short) Respite

This article is a good summary of all that has gone wrong in my native state. It’s rapidly turning into a third world country with all the attendant crime, trash, lousy infrastructure and entrenched politicians. Some bullet points: ~Teacher pay … Continue reading

Posted in budget, california | Leave a comment

Dick Morris on the President’s Speech

I like Dick Morris’s take the best. Obama likely won’t succeed. This speech will be viewed as his high-water mark – the time before we came to realize how flawed is his understanding of economics and how supreme is his … Continue reading

Posted in morris, obama, speech | 2 Comments

AIG Vaporizes (Even More) Money

Reading between the lines this news report, I’m assuming that AIG has blown through $150 billion dollars and is out of airspeed, out of ideas. What to do? Head to the Fed for more cash.

Posted in aig, bailout, crisis | 3 Comments

Stocks are Always Best in the Long Run

Stocks are always best in the long term…stocks are always best…stocks are…what? at 1997 levels? Wow, if they only would have defined what they meant by “long term.” If you invested in 1997 your returns are flat for 12 years. … Continue reading

Posted in crisis, economy, stocks | Leave a comment

You Don’t Think States Would "Game" the Bailout? Do You?

Surely the states won’t “game” the bailout in order to get even more buckets of money from the Feds. Washington state has taken the lead sending out $1 checks to 250,000 people which triggers $43 million more from the government. … Continue reading

Posted in bailout, food stamps, washington | 1 Comment

Harry Hill and Bear Grylls and the Vicious Circle

My son, Ben, turned me onto Harry Hill (I thought he was too busy studying to be wasting time on the web…I was wrong). Here is a funny comment on some of Bear Grylls’ actions. “How to filter muddy water” … Continue reading

Posted in bear grylls, harry hill | 1 Comment