A nice explanation of what may have occured at MF Global can be found here.
Prosecutors need to be reminded of the 100′s that went to jail over the S&L crises. Also of interest may be former exchange president Richard Whitney who went to jail for, like Corzine, the crime named embezzlement. Responsible citizens need to ask why these crimes are being selectively (if at all) prosecuted and demand action.
If John Doe steals a hundred dollars from a bank, he goes straight to jail.
If John Corzine embezzles up to $1.2 billion, he resigns and says “my bad.”
Embezzlement is the act of dishonestly appropriating or secreting assets by one or more individuals to whom such assets have been entrusted
The Commodities Exchange Act, 7 U.S.C. § 13(a)(1), makes it a crime punishable by up to 10 years imprisonment for anyone associated with a commodities dealer
to embezzle, steal, purloin, or with criminal intent convert to such person’s use or to the use of another, any money, securities, or property having a value in excess of $100, which was received by such person or any employee or agent thereof to margin, guarantee, or secure the trades or contracts of any customer or accruing to such customer as a result of such trades or contracts or which otherwise was received from any customer, client, or pool participant in connection with the business of such person.
Monday, November 28, 2011
Friday, September 30, 2011
Kids on Taxing the rich... Fed & Bernanke counterfeiting
GMA clip 9/29/11.
IF you don't like paying higher taxes "you're greedy."
Kid solution on bringing America back: put money in printer and make more money.
Future Fed head alert, look out Bernanke.
IF you don't like paying higher taxes "you're greedy."
Kid solution on bringing America back: put money in printer and make more money.
Future Fed head alert, look out Bernanke.
Kids Don't think Obama Re-elected
A clip from GMA 9/29/11. Kids don't think Obama to be re-elected, offer advice of more job availability.
Thursday, September 29, 2011
The Case For Barnes & Noble: Amazon
The performance of Barnes & Noble (BKS) shares compared to Amazon (AMZN) can be seen from this Google chart:
For many reasons Amazon is doing well and Barnes & Noble is under pressure and without a change may go the way of Borders, bankrupt.
Most people have heard the story or been the subject themselves of browsing in a Barnes & Noble brick and mortar to find and review a product and then, having compared costs, ordered the product using Amazon.
Or have you witnessed the "customers" that enjoy casually sitting and reading in the B&N store rather than purchasing the product and reading it elsewhere.
As stated, there are many reasons for the bifurcation in these companies performances.
There are many reasons to think B&N will have trouble surviving without a change. However, one reason to consider investing in BKS is ironically the company that is pressuring its sales, Amazon.
Amazon is under pressure from cash strapped states to implement a sales tax.
One could reasonably suspect that this sales tax drive will eventually take place. At that point, I think Amazon would seriously weigh the pros and cons of establishing a physical presence, brick & mortars. Barnes and Noble would be an attractive way of establishing this physical presence; Amazon may buy B&N.
Amazon has established customers across a broad range of products and is becoming more entwined with its customers daily lives. What better way to promote itself, provide superior customer interaction, and be a resource to the community as a social gathering spot than by a physical store presence?
In addition, Stifel Nicolaus & Co. analyst David Schick says a Barnes and Noble purchase would bring Amazon B&N's "competitive advantage... in its relationship with publishers and heavy readers, ... relationships...strengthened with Borders going out of business."
Amazon's focus on online media could gain tremendous boost utilizing B&N's existing college presence.
AMZN may buy BKS and figuring out when and at what price may be worth thinking about.
For many reasons Amazon is doing well and Barnes & Noble is under pressure and without a change may go the way of Borders, bankrupt.
Most people have heard the story or been the subject themselves of browsing in a Barnes & Noble brick and mortar to find and review a product and then, having compared costs, ordered the product using Amazon.
Or have you witnessed the "customers" that enjoy casually sitting and reading in the B&N store rather than purchasing the product and reading it elsewhere.
As stated, there are many reasons for the bifurcation in these companies performances.
There are many reasons to think B&N will have trouble surviving without a change. However, one reason to consider investing in BKS is ironically the company that is pressuring its sales, Amazon.
Amazon is under pressure from cash strapped states to implement a sales tax.
One could reasonably suspect that this sales tax drive will eventually take place. At that point, I think Amazon would seriously weigh the pros and cons of establishing a physical presence, brick & mortars. Barnes and Noble would be an attractive way of establishing this physical presence; Amazon may buy B&N.
Amazon has established customers across a broad range of products and is becoming more entwined with its customers daily lives. What better way to promote itself, provide superior customer interaction, and be a resource to the community as a social gathering spot than by a physical store presence?
In addition, Stifel Nicolaus & Co. analyst David Schick says a Barnes and Noble purchase would bring Amazon B&N's "competitive advantage... in its relationship with publishers and heavy readers, ... relationships...strengthened with Borders going out of business."
Amazon's focus on online media could gain tremendous boost utilizing B&N's existing college presence.
AMZN may buy BKS and figuring out when and at what price may be worth thinking about.
Saturday, September 24, 2011
HFCS High Fructose Corn Syrup
Just watched a commercial that fails the logic test.
The commercial says studies found that HFCS has an affect similar to sugar in humans.
It implies that there is nothing to worry about in consuming HFCS.
This implies that there was a current concern about consuming HFCS.
'A' is possibly bad.
It is found that 'A' is similar to 'B'.
Therefore....?
Well, according to the commercial 'A' is now okay!
What about the possibility that 'B' may also be bad?
I'm not going to say that sugar is bad. What I will say is that excess sugar is probably not good for anyone.
The average amount of sugar consumed in a year by Americans has increased 100lbs in the last century.
We know how sugar affects insulin levels and we know how powerful insulin is.
We know that cancer cells feed off of sugar.
Why do we continue to ignore the science that has won multiple Noble prizes for its researchers?
$$$$$$$$$$$
HFCS is cheap compared to sugar. Sugar is sweet. People like the taste of it and the insulin response to sugar. It is a potentially deadly cycle, an addiction that is being exploited for profit.
Just found this commercial that has the actress hastily mumble "its fine in moderation." I guess the lawyers got in on that one.
The commercial says studies found that HFCS has an affect similar to sugar in humans.
It implies that there is nothing to worry about in consuming HFCS.
This implies that there was a current concern about consuming HFCS.
'A' is possibly bad.
It is found that 'A' is similar to 'B'.
Therefore....?
Well, according to the commercial 'A' is now okay!
What about the possibility that 'B' may also be bad?
I'm not going to say that sugar is bad. What I will say is that excess sugar is probably not good for anyone.
The average amount of sugar consumed in a year by Americans has increased 100lbs in the last century.
We know how sugar affects insulin levels and we know how powerful insulin is.
We know that cancer cells feed off of sugar.
Why do we continue to ignore the science that has won multiple Noble prizes for its researchers?
$$$$$$$$$$$
HFCS is cheap compared to sugar. Sugar is sweet. People like the taste of it and the insulin response to sugar. It is a potentially deadly cycle, an addiction that is being exploited for profit.
Just found this commercial that has the actress hastily mumble "its fine in moderation." I guess the lawyers got in on that one.
Friday, September 23, 2011
Einstein Wrong. Physicists fail to think. Grand Unified Theory Possible.
Analysis of this article gives credence to many of the thoughts I have had the last few weeks.
Physicists who measured particles traveling faster than speed of light don’t dare dream
The thoughts:
1.Einstein was wrong.
2. Time is not real.
3. The speed of light is not a barrier.
4. Time travel and dilation are a farce
5. Simple thought experiments can invalidate explanations of Einstein's theories.
6. A Grand Unified Theory (GUT) has been hampered by an unwillingness to consider Einstein wrong.
These thoughts were prompted from a TV show discussing the possibility of time travel.
Time is not real, it is a derived measurement. Time can be many things- the displacement of sand by gravity, the period of a pendulum, the frequency of microwaves from cesium. You can not add to it or take away from it. It has no absolute beginning or end. It is a relative measurement that has no meaning beyond what we give it.
A "subatomic particle, the neutrino, was found to have outrun light and confounded the theories of Albert Einstein.
To our great surprise we found an anomaly,”
No! You measured a result. It is only an anomaly to the special theory of relativity.
“Everybody knows that the speed limit is c, the speed of light. And if you find some matter particle such as the neutrino going faster than light, this is something which immediately shocks everybody, including us,”
No! The speed of light is the speed of light. Don't blame everybody for the scientific community's assumption of correctness to Einstein's theory.
Example:
"Alvaro De Rujula, a theoretical physicist at CERN...blamed the readings on a so-far undetected human error... (people) could, in principle, travel to the past and kill their mother before they were born."
Speed of light must be speed barrier and we can manipulate time and events, Einstein said so. WHY would you accept this?
Stop assuming Einstein was right and lets get a GUT. I can't always do the math but I can do the same thought experiments that Einstein proposed and see their fallacies.
Physicists who measured particles traveling faster than speed of light don’t dare dream
The thoughts:
1.Einstein was wrong.
2. Time is not real.
3. The speed of light is not a barrier.
4. Time travel and dilation are a farce
5. Simple thought experiments can invalidate explanations of Einstein's theories.
6. A Grand Unified Theory (GUT) has been hampered by an unwillingness to consider Einstein wrong.
These thoughts were prompted from a TV show discussing the possibility of time travel.
Time is not real, it is a derived measurement. Time can be many things- the displacement of sand by gravity, the period of a pendulum, the frequency of microwaves from cesium. You can not add to it or take away from it. It has no absolute beginning or end. It is a relative measurement that has no meaning beyond what we give it.
A "subatomic particle, the neutrino, was found to have outrun light and confounded the theories of Albert Einstein.
To our great surprise we found an anomaly,”
No! You measured a result. It is only an anomaly to the special theory of relativity.
“Everybody knows that the speed limit is c, the speed of light. And if you find some matter particle such as the neutrino going faster than light, this is something which immediately shocks everybody, including us,”
No! The speed of light is the speed of light. Don't blame everybody for the scientific community's assumption of correctness to Einstein's theory.
Example:
"Alvaro De Rujula, a theoretical physicist at CERN...blamed the readings on a so-far undetected human error... (people) could, in principle, travel to the past and kill their mother before they were born."
Speed of light must be speed barrier and we can manipulate time and events, Einstein said so. WHY would you accept this?
Stop assuming Einstein was right and lets get a GUT. I can't always do the math but I can do the same thought experiments that Einstein proposed and see their fallacies.
Random Thought
The wisdom of various attempts to stimulate the economy is best described by paraphrasing Edison's aphorism: I haven't failed to stimulate the economy, I've found dozen of ways that don't work
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