I unabashedly confess that I made a lot of money on tech stocks in the 90s. I'm a techie, and I knew what to buy and when to sell. It's like Las Vegas, except a little pertinent knowledge doesn't help you when you've bet hard 8s on the craps table, but it is extraordinarily valuable when wagering on technology stocks.
It is wagering. Don't fool yourself. And there's nothing wrong with it, any more than there's something wrong with making a reservation at the Wynn and fiddling with your mad money. At the Wynn, they ply you with free refreshing adult beverages. In the NASDAQ, the wins are bigger, but there's no free booze.
The NASDAQ lost a quarter of its value in one day when the internet stock bubble imploded. Most of the problem was that technology companies are long on ideas and programmers from India, and very short on physical assets. So when they die, there's not a lot of wreckage for the investors to divide up.
The ever so helpful government came up with the Sarbanes–Oxley Act to keep asset-light companies from achieving pre-IPO valuations way out of line with reality. The law is so complex in its reporting requirements that pretty much every compliance person admits that he doesn't understand every facet, and stays up nights planning his shuffle off this mortal coil rather than go to prison for something that honestly isn't his fault.
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Everywhere you look, somebody or other is accusing republicans of "voting against their own self-interest." It's on TV, in print media, and all over the internet. Why, it sounds like you could practically call it waging war on self-interest!
But what does it mean? What are people really trying to say when they play the 'voting against one's self-interest' card?
Now, correct me if I'm wrong, but "self-interest" seems to be a pretty euphemism for "other people's money." Voting for the people who promise you more of someone else's stuff, instead of the people who want you to keep more of your own stuff, is all the rage across the land. And really, what's the harm? Richie Rich has way more money than he needs, so why not take it from him? Why would anyone vote against that kind of "self-interest"?
We could start with "because it's excruciatingly unethical." Yes, that's right, boys and girls of the collective. I'm going to throw down the gauntlet and challenge your ethics. The law says you can vote yourself a lifetime supply of free cheese and beer at someone else's expense, and then vote for someone else to pay for your triple bypass and liver transplant too. But is that ethical behavior? Just because the system says you CAN, doesn't mean you SHOULD. So yeah, paying your own way is more ethical than robbing Richie to pay for 100 strangers whose only claim on his assets is that they want them.
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Serendipity: A happy chance or accident. Precisely the opposite of what happened to Senator Dick Lugar last Tuesday in Indiana. At the risk of being redundant, I wrote at the time of the 2010 elections that it wasn’t over ’til it’s over, but that the American Tea Party Patriots had put a new face on American politics.
I said that the ‘Republicans-in-name-only’, the ones not voted out in the 2010 sweep of the US House of Representatives, were not the only ones who had to look to their seats in the upcoming 2012 primaries, House and Senate races. I’ve also commented on the not inconsiderable number of House and Senate members who, having seen the hand-writing on the wall, have announced that they would not seek re-election in the upcoming contests. Thus far, it looks like five Democrats, three Republicans and one ‘independent’ have stated they will not seek re-election. There are thirty two members of the House who are dropping out. read more »
The media have been gasping in horror over claims that Mitt Romney engaged in gay bashing 50 years ago in high school, including one iconic incident in which he brutally hacked off a gay student’s bleached blond locks.
Except that said student, John Lauber, wasn’t openly gay. When interviewed by the non-partisan Auto Weekly before the haircut story surfaced in the mainstream media, key witness Phillip Maxwell never even mentioned the supposedly traumatizing incident.
Maxwell, a Democrat, did offer that Romney was disciplined, focused, and smart, and would probably make a great president—points that somehow didn’t make it into the trim 5,500-word Post piece, no doubt due to space restrictions. One tipoff that the Post may have been proffering a biased report was its admission that most of the five witnesses it interviewed were Democrats. read more »
Hardly the middle of May and the behavior of the Obama campaign indicates grave concern. It is highly unusual for an incumbent to stink of desperation this early in the game. The wounds Romney endured during the bloody republican primary seem innocuous at this point. Political pundits and analysts that predicted residual effects seem to have discounted the wounds America has sustained in Obama’s last three years in office which dwarf Romney’s primary battle wounds to a small paper cut – at best.
The Obama campaign strategy is clear: divert as much attention as possible from the economy and pretty much every aspect of his first term with the exception, of course, his decision to kill Osama Bin Laden. But they’ve even blown that, with their recent efforts to politicize the event backfiring after even members of the far left such as Arianna Huffington having chastised the attempt. Now it’s all about creativity.
Their latest ploy: Obama announces he has “evolved” and now supports gay marriage – actually, he announced his support for the state to decide, which is how it is already. So as usual, nothing has changed. Two days later the Washington Post has now uncoincidentally put out a front page story alleging that while in high school Mitt Romney bullied a classmate named John Lauber, who was suspected of being gay. Another affirmation of the existential collusion between the Democratic Party and the mainstream media, that Andrew Breitbart dubbed the Democratic-Media Complex. read more »
As the Republican Party settles on its 2012 presidential nominee, the Obama campaign is gearing up to implement a coherent twenty-seven-prong strategy to secure every conceivable voting bloc in the country.
In honor of National Nurses Week, I thought I’d pose the question: What are American nurses’ actual responsibilities these days?
Last week while researching a column on Obama’s pandering to various interest groups, I noticed that his campaign website featured a page, grouped with pages for various demographic categories, devoted to Nurses. What was that about, I wondered? Was Obama shoring up support for Obamacare with a key segment of the medical profession?
Not at the hospital I spent last week at, they didn’t.
After suffering a spontaneous pneumothorax (collapsed lung), I entered the emergency room of a midtown Manhattan hospital for surgery that involved suctioning excess air out of the space between my left lung and chest and allowing the lung to reinflate. When it collapsed again two days later, doctors performed a more advanced surgery. Two days with tubes in my chest, a day of observation, and I was home. read more »
For Immediate Release
May 3, 2012 – Conservative Party names Keith C. Westbrook as President, CP-Florida.
The Conservative Party USA is pleased to announce that Dr. Keith C. Westbrook, Ph.D. has assumed the role of President, Conservative Party (Florida).
“I welcome Keith to this critical leadership role.” commented H. Michael Hervey, CP-USA’s Chairman. “Keith’s extensive business and political experience coupled with his strong social media skills will be invaluable in helping to guide the FL party during this critical stage of development. The conservative movement will certainly benefit from his energy and forward-leaning ideas.”
Keith is a well-established resident of Gainesville FL, is a licensed FINRA professional and owns Westbrook Insurance and Financial Services. Read Bio
"Our state party will certainly benefit from Keith’s energy, passion and knowledge.” explained Dick Page, Chairman, CP-FL. “I look forward to working with him to make sure that true conservatives and Tea Party activists in Florida realize they have a have a real home in the Conservative Party during this election year.” read more »
Yes, boys and girls, it’s story time again… and have we got a whopper for you. This is a story about what may be one of the largest information conspiracies in recent memory. You won’t find it in any history books, you won’t find it in any of the revisionist propaganda they’re pumping into our kids’ heads, you sure won’t find it in any publication of the Lame Stream Media… that’s because they are a huge part of the story.
President Eisenhower once said, “Beware of the military-industrial complex”. Today, that caution could as easily read, “beware the Government / ‘Main Stream Press’ complex.” It’s not just that Washington is pandering to the press… the pols in Washville have long been media whores, vying with one another for as much ‘face’ time as they can get.
Common sense and other stuff
Ok, this is the way I wish to start my new adventure in blogging (is it still called blogging these days?). I have looked at life through reasonably rational eyes these 40 some years I've walked this earth. I've noticed a few things in these last few years, months, weeks, and days. This is my view of those things.
What is wrong with calling a spade a spade? I have recently read that it is racist to call someone an "illegal alien". They say we should call them "undocumented workers". Well I say the reason they're "undocumented" is that they don't have documents due to the fact that they are here....wait for it....ILLEGALLY. It reminds me of the "you might be a redneck" stuff from a few years ago. If you had to run through a desert, swim a river, or hire someone called a coyote to get here, then you just might be an illegal alien. So, I'm going to keep calling them what they are, people who are in MY country illegally, illegal aliens or if you prefer, criminal aliens. A small bit of advice, if they don't want their feelings hurt by being called what they are, illegally in this country, then maybe they should either stay in their own country or actually do what most people do...follow the rules to gain entry into the United States. read more »
Too Big too Succeed?
“When you buy from a mom or pop business, you are not helping a CEO buy a third vacation home.” Nor are you helping the approximate 58 million Americans who work for “large corporations”. By shopping exclusively with “mom and pop”, you are playing a role in the liberal guilt-trip on the American consumer that demonizes the successful at the expense of everybody else. Sure, the CEO may be a sleaze, but the guy in the mailroom needs his paycheck and benefits package, too.
Yes, Mom and Pop start-ups create more jobs, but they also lose them just as quickly. The longevity of a business, which is almost always marked by growth (ie small business moving towards “bigness”) is a better indicator of job security, better pay and benefits. Will you turn your back on Mom and Pop when they get too big? What is the cut-off between your support of Mom and Pop and your vilification of “Big Business”? Instead of “too big to fail” are you promoting a “too big to succeed” policy for the American economy? read more »
Up till now, the most accurate reporting the mainstream media have done on the Trayvon Martin-George Zimmerman case has been relaying the fact that Martin had Skittles and iced tea on him when he was shot. At the rate they’re going, I won’t be surprised if it emerges that he was actually carrying Pop Rocks and Four Loko.
Here is a partial list of the wild, reckless, irresponsible claims the left-leaning media have made in the Martin-Zimmerman case, every one of which has been rendered highly suspect or outright false:
Zimmerman is a white racist who killed Martin because he was black.
Multiple acquaintances of Zimmerman’s, including black friends, testified to reporters that Zimmerman—who is half-Hispanic—isn’t racist. Zimmerman comes from a multiracial family and, during the period when the shooting took place, was tutoring a black neighbor’s two young children and helping raise money for her all-black church.
Maybe Zimmerman wasn’t racist, but he racially profiled Martin and told a 911 dispatcher Martin looked suspicious because he was black. Zimmerman also uttered a racial slur. read more »
Flushed with victory from my latest convert to conservatism (another citizen saved from the perdition of liberalism), my thoughts turn to the task at hand. That task is the complete and utter destruction of the Marxist/Leninist plague that is the regime of Barack Hussein Obama.
We as patriots know well, maybe better than anyone else, how fragile our freedoms are. We also know that this country cannot survive another four years of the filth and corruption that is the Obama government. Every day brings new revelations of gross irresponsibility, malfeasance in office, outrage after outrage against the institutions and the citizens of this great republic. read more »
A Govt. Guide to Proper Growth and Management of the Progressive Liberal Democrat:
Published in cooperation with the U.S. Dept.s of Education, Agriculture, Energy, Environmental Protection, Justice and Health and Human Services. In coordination with the Coalition of White House Czar's and the Dept. of Propaganda aka. the White House press corps.
Preparing Your Crop for Planting:
Make sure all intended spores are completely sterile and unexposed to any environment other than an isolated controlled atmosphere with minimal cross contamination. Any early contamination when first introduced to the controlled growth conditions as applied here will result in possible mutation and even the loss of the entire crop. The subjects must be unexposed to any influencing factor when first introduced to the growing medium. Once in the proper environment with little to no outside influencing factors may planting begin. read more »
The Secret Service paid Vice President Joe Biden over $20,000 in rent last year for the privilege of residing on his property while protecting him. Apparently one of its agents couldn’t cough up $50 to pay a Cartagenero hooker last week. Coincidence?
Eleven Secret Service staff members were sent home from tony beach resort city Cartagena and put on administrative leave, ahead of President Obama’s arrival Saturday for the 6th Summit of the Americas, for the indiscretion of having invited a squadron of prostitutes to their hotel rooms. One of the hookers brought to the posh Hotel Caribe was upset over a lousy $47 an agent had failed to pay her. She went to complain to the police, who forwarded her case to the State Department.
Several hotel waiters reported that the week before the scandal, agents had been drinking heavily and carousing at the Caribe. The prostitution scandal broke the day before Obama was scheduled to arrive in South America, and took place just a few blocks from his hotel. read more »
It’s ironic how quickly events can turn. MaoBama and the DNC goon squad were preparing what they thought to be a devastating attack against our presumptive presidential candidate, Mitt Romney, by attacking his wife and attempting to discredit and marginalize her. In order to accomplish this end, they trotted out the usual assortment of worn-out hacks to demean a lady who has more class in her little fingernail than the entire DeMarxist establishment combined.
The assault was headed by a long-term DeMarxist lesbian activist, whose own ‘marriage’ and subsequent divorce left their adopted twins with a broken home. This ‘expert’ on domesticity and the lives and perils of the American working mother is just another in a long line of DeMarxist over-reach, which has blown up in Obama’s lying face.
Nothing happens in the Obama circus by accident, and this latest most vicious scheme is no exception. Both MaoBama and his co-president Mooch-elle have their fingers very tightly around the strings that control the party apparatchiks. It’s becoming increasingly difficult for either of them to distance themselves from the disgusting depredations of their minions. read more »
Just as it’s becoming clear that Mitt Romney will become the 2012 Republican presidential nominee, and the first Mormon presidential nominee, we’ve been seeing a predictable uptick in the frequency of exposés about Romney’s zany religion. Now that Rick Santorum has dropped out of the race and Newt Gingrich is making conciliatory remarks, expect to see a lot more of this.
In “7 Questions for Mitt About Mormonism,” religion columnist Jeffrey Weiss declares, “[I]t is past time for Mitt Romney to address relevant questions about his religion.” Weiss casts a suspicious eye on such un-American Latter-day Saint doctrines as “[E]ach individual is accountable for his choices and actions… If we have been frugal and saved for a rainy day, then we can more easily weather the financial storm. If we have lived beyond our means, then we pay the consequences of our own actions when the bills come.” Social Darwinism alert! read more »
Well, here it is… the final analysis of the sum total of Barack Hussein Obama’s tenure started with him and his thug government playing the only real card it’s ever had, and it looks as though it may just end that way.
These last weeks, watching events play out in Florida have really lowered my retch threshold. Our ‘guest-lecturer-in-chief’ again abrogated the responsibility, and the very dignity of his office, by purposefully weighing in on the Trayvon Martin shooting. This isn’t the first time he’s stuck the presidential nose in either. You’ll remember the Duke lacrosse case, and then there was that fracas between the cops and that arrogant and overbearing college professor. Oh, and did I mention he was black? There it is… the cornerstone of the Obama presidency… a miserably failed presidency that will easily eclipse Jimma’ Boy Carter’s disastrous tenure in the White House. read more »
A guest Blog By David Pring-Mill
March 24, 2012
I. Advantageous Ambiguity
In the President’s Weekly Address on March 10, 2012, Barack Obama stated, “You and I both know that with only 2% of the world’s oil reserves, we can’t just drill our way to lower gas prices – not when we consume 20 percent of the world’s oil. We need an all-of-the-above strategy that relies less on foreign oil and more on American-made energy – solar, wind, natural gas, biofuels, and more.” This rhetoric is superficially appealing, but the President’s claims aren’t entirely accurate. The Institute for Energy Research says that Obama is creating the impression of scarcity by focusing on the technicality of proven oil reserves whilst neglecting to mention that the United States has enough recoverable oil for the next 200 years. Although I agree with the President that we need to encourage American ingenuity and switch over to alternative energy sources, there needs to be a transitional period. Nikola Tesla once said that it is only a matter of time until “men will succeed in attaching their machinery to the very wheelwork of nature.” I believe that innovation will yield phenomenal gains for the energy needs of mankind, but I also believe that brilliance can be broken down into incremental progress. read more »
Talk about chutzpah. The same chief executive who refused to provide a speck of guidance to one branch of government in crafting his signature legislation is now threatening another branch of government not to overturn it.
Does President Obama believe in the separation of powers? You wouldn’t know it from his intemperate comments Monday on the legal challenge to the Patient Protection and Affordable Care Act, which the Supreme Court is now deliberating. Just days after skeptical justices subjected administration lawyers and their opponents to a historic six hours of questioning, and just as the judges were retreating to contemplate the competing claims in private, Obama stood up in the Rose Garden and loudly warned the nine “unelected” rubes that they’d better get this one right.
Obama declared that overturning his health care law would be “unprecedented” and “extraordinary”—which is funny, because that’s what a lot of people have been saying about his health care law. read more »