Friday, August 28, 2009

What Would Sarah Say At Kennedy's Funeral

Not to make light of a serious time, but I'm just wondering what Sarah Palin - the quitter - would say at some one honorable like Edward Kennedy's funeral?

Make a comment to let us know what you think she would say.

Blog on friends. Blog on all.

Friday, August 07, 2009

Two Interesting Links To Juxtapose

Have a look at these two links, and let us know what you think.

First, looks like the UC top execs don't feel like this is an inopportune time to accept pay increases.

Meanwhile, back in tent city # 4.

Blog on friends. Blog on all.

P.S. Here's a diversion for the weekend, so we don't end Friday on a sour note.

Tuesday, August 04, 2009

"Should Andrew J. Hall Get His Bonus?"

When folks are basically gambling, legitimately, in the arbitrage and futures market, should they be allowed 100 million dollar bonuses?
Mr. Hall and his colleagues -- there are about 55 in the Westport office, and handfuls in London and Singapore -- specialize in a variety of hedging and arbitrage techniques.

Generally, Phibro looks for anomalies in the market and pounces, taking advantage of unusual spreads between the spot price of oil and the price of an oil futures contract.

The company, for example, often wagers that the price of oil will rise so fast during a particular period, say six months, that it can make money by storing oil in supertankers and floating it until the price goes up. (If the price rises by more than it costs to lease the tankers, he makes money.)
With Vegas, at least the house wins. In this case, these free-marketeers wreak havoc on the pricing of such things as oil, continually screwing with the American people. Where's the conscience? Where's the regulation?