Friday, September 21, 2012

"Day of love for the Prophet" causes 19 deaths

I guess that is how you show love for Muhammed in Pakistan.

Pakistan�s government declared a �day of love for the Prophet� in a move that highlights the influence of religious parties in the country�s politics.

Islam needs to hurry up and have a reformation already. Rioting and murder to show you "love" the Prophet is just getting to stupid already. It also shows that the Muslim world hates Obama nearly as much as they hate W.

If the Redskins Beat Carolina on November 4th Obama Wins the Election

Now this is one strange statistic.

And that's how we got the Redskins Rule, a prediction that has a tradition of accuracy even better than Scholastic's survey. It goes like this:

If the Washington Redskins win their last home game before the election, the incumbent party retains the White House. Otherwise, the out-of-power party wins.

This pattern has failed only once since 1940. The year the rule missed was 2000�and many devoted Democrats think Al Gore really won that election. (Perhaps the Redskins should have tied that year.)

So their last home game before the election is against Cam Newton and the Panthers. Judging from how they got spanked by the Giants Obama should probably win the election. Get ready for 4 more years of economic malaise and class warfare.

Monday, September 17, 2012

Ruskis Reveal Huge Diamond Mine: Trillions of Carats?

Wow, the Russians have just become the worlds largest diamond producers overnight.

Russia has just declassified news that will shake world gem markets to their core: the discovery of a vast new diamond field containing "trillions of carats," enough to supply global markets for another 3,000 years.

The Soviets discovered the bonanza back in the 1970s beneath a 35-million-year-old, 62-mile diameter asteroid crater in eastern Siberia known as Popigai Astroblem.

It is interesting that they kept this a secret for 40 years like this. I guess all those people hording diamonds have just taken a finger to the eye. I would bet you that Putin is already assembling a suit of armor made out of Diamonds to wear at state events. Kind of like in Bards Tale the video game from the 80s. I remember that Diamond Plate was what I wanted to find for my warriors and paladins in that game.

At Least there are Some Decent People in the Muslim World

After all of the violence directed at Americans because of some obscure YouTube video at least we find some decent people in Libya.

Libyans tried to rescue Ambassador Chris Stevens, cheering "God is great" and rushing him to a hospital after they discovered him still clinging to life inside the U.S. Consulate, according to witnesses and a new video that emerged Monday from last week's attack in the city of Benghazi.

Hopefully, we have more of the people that tried to rescue Stevens than those who tried to kill him.

Wednesday, September 12, 2012

Obama Has time for Letterman but Not for Netanyahu

Well yet another finger in the eye of Israel by Obama.

"The President arrives in New York for the UN on Monday, September 24 and departs on Tuesday, September 25. The Prime Minister doesn't arrive in New York until later in the week," Vietor said.

"They're simply not in the city at the same time. But the President and PM are in frequent contact and the PM will meet with other senior officials, including Secretary Clinton, during his visit."

Which makes sense. I mean the President has a very hectic schedule. I mean he is meeting with this noted statesman on September 18th.

Still, Obama reportedly planned to appear on David Letterman on Sept. 18, the first day of the annual diplomatic gathering.

In other words Obama makes time for Letterman but doesn't have any time for the Prime Minister of one of our closest allies. It's not like a nuclear armed Iran or an imminent Israeli attack of Iranian nuclear sites might be in the offing or anything.

Sir John paid a personal visit to Benjamin Netanyahu to appeal to the leader to hold fire after he appeared to be impatient over the UK and US's approach towards Mahmoud Ahmadinejad and his nuclear programme. 

Yesterday, Mr Netanyahu said the US did not have the "moral right" to stop Israel from taking action against Iran, where he is concerned by a number of nuclear sites.


Friday, September 7, 2012

Ginger Hammer Kicked in the Teeth: Vilma and Saints can Play

Well it seems Roger Goodell doesn't have infinite power after all.

"Consistent with the panel's decision, Commissioner Goodell will, as directed, make an expedited determination of the discipline imposed for violating the league's pay-for-performance/bounty rule," the NFL said in a statement. "Until that determination is made, the four players are reinstated and eligible to play starting this weekend."

That three judge panel better not show up at an NFL stadium any time soon because I bet the Goodell is thirsting for their blood right about now.

Tuesday, August 14, 2012

Bet the West Coast team on Monday Nights for a 70% Chance of Winning: Its a Scientific Fact!

Wow now this is something that is very interesting that is backed up by some serious science.

The Stanford researchers dug through 25 years of Monday night NFL games and flagged every time a West Coast team played an East Coast team. Then, in an inspired move, they compared the final scores for each game with the point spread developed by bookmakers in Vegas. The results were stunning. The West Coast teams dominated their East Coast opponents no matter where they played. A West Coast team won 63 percent of the time, by an average of two touchdowns. The games were much closer when an East Coast team won, with an average margin of victory of only nine points. By picking the West Coast team every time, someone would have beaten the point spread 70 percent of the time. For gamblers in Las Vegas, the matchup was as good as found money.

Also these scientists adjusted for how good teams are as well. In other words they didn't just look at the awesome 49ers teams from the 80s smacking around the hapless Patriots from that era:

In a test to ensure that their findings weren't the result of West Coast teams simply being better during those years, the researchers expanded their scope and looked at every Monday Night Football game played during that twenty-five-year time span. They found that the overall winning percentages for West Coast and East Coast teams were essentially even when the teams were not playing a game against an opponent from the other coast. Nor were the results a reflection of home-field advantage. When an East Coast team traveled to another destination within its same time zone, it won 45 percent of the time. But if a team from the East Coast played somewhere in the Pacific time zone, its winning percentage shrunk to only 29 percent.

So betting against the team coming from the East Coast to the West Coast is very easy money. I wonder if you can check this information against the Sunday late game as well? If the results match up then you have a nice way to check if this information is true.

Thursday, August 9, 2012

That sound you hear is Israeli Fighter-Bombers: Iran Futher Along on a Nuke than Expected

Well I bet the White House will certainly want to sweep this information under the bed until after the election.

The White House refused to comment Thursday on a bombshell Israeli media report that President Barack Obama recently received an updated intelligence assessment that Iran has made surprising strides towards being able to build a nuclear weapon.

The Haaretz newspaper reported that Obama had received a new National Intelligence Estimate (NIE)�the consensus assessment of the American intelligence community�that "Iran has made surprising, notable progress in the research and development of key components of its military nuclear program." The daily cited unnamed "Western diplomats and Israeli officials."

That probably means they are pretty close to finishing the research needed to get the bomb. I'm not sure if the Israelis could set back the Iranian program by very long even if they bomb all the sites. However, if they can somehow make the Iranian government fall that might solve all their problems.

Its Official Libya Joins the Fraternity of Democracies

At long last you can say that Libya joins the US as a revolutionary country that turns into a (hopefully) peaceful Democracy.

In a late-night ceremony held under tight security in Tripoli, the National Transitional Council (NTC), political arm of the opposition forces that toppled Muammar Gaddafi a year ago, handed over to the national congress, elected in July.

NTC Chairman Mustafa Abdel Jalil symbolically passed on the reins to the oldest member of the new 200-member assembly, Mohammed Ali Salim.

 

Wednesday, July 25, 2012

Game Changer to Fix the Euro?

This sounds like a very interesting idea that should be investigated. It might be better than the band-aids and can kicking that seems to be going on right now.

The proposal is based on a plan by the German Council of Experts. Each country puts all debt above the Maastricht ceiling of 60pc of GDP into the fund. Each would be responsible for its own debt but would be able to borrow through joint bonds, raising money on Germany�s credit card. 

The debt would be paid off over 20 years, with each state putting up foreign reserves, gold and other collateral to ensure compliance. It is the opposite of fiscal union: the eurozone would return to fiscal sovereignty and, since the liabilities would be fixed and the fund self-liquidating, it would comply with Germany�s constitution. 

In other words pool all the debt above a certain ceiling and stick it into one big sinking fund and monetize it using Germany's credit rating. Then you get a bunch of hard assets from each nation to collateralize the debt. I wonder if this means Spain would have to put up piles of gold and their airports and highways or something to hold against the debt in this fund?

It sounds like a weird kludge at first glance but I would love to see some eminent economists get out their green eye-shades out and pour over this idea. It's better than the whack-a-mole response that they are doing now.

It Seems BB&T is a Big GOP Money Spinner

While researching regional banks I came across some interesting information regarding BB&T.

The Times picked up the gauntlet this week, quoting the BB&T CEO Kelly King � a board member of the Financial Services Roundtable:
�If the president doesn�t become a little more balanced and centrist in his approach, then he will likely lose that support [of financial companies].�
Interestingly, according to campaign finance records, King has donated exclusively to Republican candidates, and BB&T�s PAC has historically weighted its contributions in favor of Republican candidates regardless of the party in control. It sounds like a guy who doesn�t even donate to Democrats is trying to shake them down for concessions on financial market reforms based on their desire for campaign contributions � and reporters are lapping it up.

You figure all big bankers would be pouting money into the GOP after Obama stabbed them in the back and started blaming them for nearly all of the nations ills. The "fat cat banker" meme has been the attack of choice by the White House for years. Only now do they understand that a "fat car banker" like CEO King provides the capital for the economy to run. If BB&T didn't crank out the loans to small businesses there would be almost no sustainable hiring in America.

Creator of the Financial Supermarket Calls for Banks to Be Broken Up: Good Idea!

I have to admit that Sandy Weill has a point when he says this:

�What we should probably do is go and split up investment banking from banking, have banks be deposit takers, have banks make commercial loans and real estate loans, have banks do something that�s not going to risk the taxpayer dollars, that�s not too big to fail,� Weill told CNBC�s �Squawk Box.�

He added: �If they want to hedge what they�re doing with their investments, let them do it in a way that�s going to be mark-to-market so they�re never going to be hit.�  

It might be a good idea to require large banks to spinoff their investment banking arms so that one side doesn't hurt the other when there is a crisis. So you have to solid, staid bank with its deposits and loans that pays a generous dividend. Then you have the go-go high risk, high reward of the investment bank that underwrites debt and trades commodities and such.

I think this would unlock quite a bit of value and go a long way to creating confidence that my money won't be used to bail out a bunch of huge banks. Right now I would only invest in regional banks because you can see they take in deposits and loan out the money for a certain rate of return. They pay a decent dividend and you won't have to worry about a Spanish bankruptcy damaging their balance sheet or even cause them to fail if you are long them. You can also read their 10Q without getting a headache or wondering what sort of assets aren't included in these figures.



Zynga Gets Hammered: Misses Pretty Badly

Well it seems that Farmville and Words with Friends is just not paying the bills anymore.

But what really dragged on Zynga's stock is the fact that the company lowered its outlook for 2012, saying it now expects bookings in the range of $1.15 billion to $1.225 billion, far short of the up to $1.5 billion Wall Street expected. 

Now the company�s projecting non-GAAP EPS for the year in the range of 4 to 9 cents, just a fraction the 26 cents that�s Wall Street�s consensus.  

This is guiding quite a bit lower to say the least. I wonder if this bodes ill for Facebooks earnings tomorrow? I just thinking the give the game away for free and use ads model might not be a good recipe for growth unless there are compelling things to spend money on.

Tuesday, July 24, 2012

Apple Takes it in the Face: I think Everyone is Waiting for iPhone 5

I have to agree with Apple CFO Peter Oppenheimer.

Some consumers are believed to be holding off on purchases on the device ahead of the expected launch of the iPhone 5 this fall. Apple has never confirmed any plans or timing for a new iPhone device, though Oppenheimer said elsewhere on the call that a "fall transition" was also a big factor in the company's lower gross-margin forecast for the September period.

There seems to be no real reason to buy a Siri iPhone when the iPhone 5 should hopefully kick so much ass. Also the Apple TV is coming out pretty soon and will hopefully be great as well. I might go long Apple again if it drops a little more. This might be a good time to buy the stock at a discount.

Obama Still Leads Romney: I Think it is Because Mitt is Unlikable

Well it seems that Obama is still ahead of Romney 49 to 43.

Yet the countervailing weight holding down Romney is how voters perceive him personally. Some 35 percent of voters view the former Massachusetts governor favorably, while 40 percent view him unfavorably. That makes him the first presidential candidate viewed unfavorably by a plurality of voters in advance of his summer nominating convention since Bill Clinton in 1992.

Some of this is from him not submitting his tax returns. The idea of a rich dude hiding a bunch of money in a Cayman Island bank account is something Americans can stomach while they might be looking at a second recession. I mean most rich guys and celebs do all sorts of tricks to avoid taxes but Romney still should release those records. It would show that he has nothing to hide.

When I was first looking at Romney I figured that him being a rich plutocrat will hurt him in the long run. That is why I supported Herman Cain and Mike Huckabee because they could probably release 10 years of tax returns in an instant. Then you will have all these tax pros laughing at how they didn't take advantage of this loophole or that loophole to avoid paying taxes.

The whole idea of people gaming the tax system to pay less taxes is a joke. That is why comprehensive tax reform where they get rid of a ton of deductions and credits and things should be done soon. Simply everything, make sure everyone pays something, and cut rates across the board and Americans should rejoice. I still like Reagans tax idea. Three lines: What you made, percentage of what you made, what you pay. Write a check for the amount in line 3.