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Blogroll
Monthly Archives: June 2009
Insider buying
Insider buying has ground to a halt. I know I follow it quite closely and insider selling continues quite strongly. Here is a post from the pragmatic capitalist talking about it:
A Man of Principal
This is a great video showing what a difference one man can make, especially if he is an outsider. This is very inspiring:
Visit msnbc.com for Breaking News, World News, and News about the Economy
CRE sold at 50 cents on dollar
This is a scary story of what is coming in Commercial Real Estate (CRE).
Chrysler Appeal
The excellent blog, Zero Hedge, has been following the legal issues surrounding the Chrysler bankruptcy and the terrible political and what I believe are “illegal” actions of the Obama Administration in placing union jobs ahead of creditors.
Here is an excellent update from Zero Hedge that the legal process and the clean and easy exit from bankruptcy may not be what the Administration hoped for. Let’s all root on the Indiana Pensioners in the quest to observe the rule of law: Chrylser Appeal
The Health Care “Cost Conundrum”
I recommend this article on why health care costs are so much higher in some places of the country and yet health care outcomes aren’t any better.
Here is a snippet:
“Yet in 2006 Medicare expenditures (our best approximation of over-all spending patterns) in El Paso were $7,504 per enrollee—half as much as in McAllen. An unhealthy population couldn’t possibly be the reason that McAllen’s health-care costs are so high. (Or the reason that America’s are. We may be more obese than any other industrialized nation, but we have among the lowest rates of smoking and alcoholism, and we are in the middle of the range for cardiovascular disease and diabetes.)”
Here is the link: Health Care Cost Conundrum
Why is he in charge?
The New York Times profiles Brian Deese, the 31 year old in charge of dismantling GM. Brian Deese represents what I think is a big problem in th Obama administration: No one really has any business experience or has experience operating in the business world. This will come back to bite Obama, the economy and us. Mind you, that this has nothing to do with his age. But take a look below and please do tell me why in all of the United States, Brian Deese was the one who was in charge.
Mr. Deese’s route to the auto table at the White House was anything but a straight line. He is the son of a political science professor at Boston College (his father) and an engineer who works in renewable energy (his mother). He grew up in the Boston suburb of Belmont and attended Middlebury College in Vermont. He went to Washington to work on aid issues and was quickly hired by Nancy Birdsall, a widely respected authority on the effectiveness of international aid and the founder of the Center for Global Development.
But he wanted to learn domestic issues as well, and soon ended up working as an assistant for Gene Sperling, who 17 years ago in the Clinton White House played a similar role as economic policy prodigy. Eventually, Mr. Deese headed to Yale for his law degree. But his e-mail box was constantly filled with messages from friends in Washington who were signing up to work for the Obama or Hillary Rodham Clinton campaigns. Mr. Deese chose Senator Clinton’s.