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    • Mon Oct 13th 10:40 AM | Rating: 0 0
      Commented on:
      The Difference Between 1993 and 2009
      You ignore two basic principles.

      First, the #1 goal of government (any government) is to stay in power and maintain the status quo.

      Second, the #2 goal of government is to GROW.

      Cut federal spending from 3 Billion to 2 Billion? That's like saying we could avoid rush hour traffic if we all sprouted wings and flew ourselves where we wanted to go rather than driving.

      The first thing we need to do is to change the constitution so that (a) each administration is for six years with NO reelection. This would mean that an administration would be focused on GOVERNING rather than getting REELECTED. Second, we need to adopt the British concept of being able to vote out an administration if we as a populace believe the current administration is no longer effective in managing our government as opposed to waiting four more years to vote that administration out when the next election rolls around. If we had to ability to have a "no confidence vote" in this nation, George W and his team would have been run out of office long ago and the expensive war and other fiscal policies that are driving us deeper into debt would have been stopped.

      If the current system isn't working, why continue to dig a hole? It's time to go to a new system.
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    • Wed Oct 8th 08:24 AM | Rating: 0 0
      Commented on:
      Apple Rules Teen Segment, but Will It Last?
      Actually, I don't believe it is Apple that is going to suffer as much as it is the wireless cell phone carriers. The iPhone is the razor - cellular service is the blade. Apple has gotten ATT (and other carriers worldwide) to subsidize the iPhone so that Apple gets it's money (and profit) up front. Cell phone carriers are depending on iPhone users to run up large monthly bills. Even though a 2 year plan on ATT has a fixed cost, ATT expects that a certain percentage of users will exceed their monthly plan allowances and generate additional. Certainly some parents who are planning to purchase an iPhone for their kids will pull back. However, more pressure will be exerted by parents to get the kids to "dial down" their monthly usage of cell phones (including the iPhone).

      As to the issue of declining iPod sales, remember that ultimately, an iPod is cheap enterainment. Songs cost 99 cents on iTunes. iPods are a social event and teens are not going to give them up. Each time a new hip artist releases a hit, you can count on millions of downloads by "hip" teens. Podcasts are a way of cheap information for literally millions of people including adults. As other forms of entertainment go up in cost (movies, etc), teens (and younger) will continue to "hang out", and when they do, they will have an iPod plugged into their ear and continue to purchase more songs. iPod sales may not grow at rates seen in earlier years, but until a "hipper" technology comes along to replace MP3 players, Apple will continue to sell iPods and make money.
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    • Fri Aug 1st 09:15 AM | Rating: 0 0
      Commented on:
      Looking for a Cause for Thursday's Sell-off? Blame Greenspan
      Yes, Greenspan pushed low interest rates as a cure for a sagging economy after 9/11. It was like pushing booze to a chronic alcoholic. The real culprits in this sorry saga were the mortgage sharks who saw an opportunity to take advantage of a rising real estate market, and more importantly a Republican majority house and senate who continued to legislate in favor of "Big Business" by refusing to enact the controls that were just placed on the mortgage industry. The motto of the party in power is "What is good for Big Business is good for the country." The truth is that capitalism does not have a conscience, and if you let Big Business run without any checks or regulations, you will get abuses, and we did. Now we're paying for the abuses. Maybe Greenspan should have been smart enough to see the results of his cheap money policies, but ultimately the mortgage industry should have been regulated long ago, and our good friends in the Republican led Congress were drunk on power and rich on the funds being provided by the Big Business lobbyists.
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    • Wed Jul 23rd 08:35 AM | Rating: 0 0
      Commented on:
      Time to Stand Up for Steve Jobs
      Totally Agree! There are a list of companies a mile long that would kill to be able to report the numbers that Apple just turned in (numbers that don't reflect the 3G iPhone launch mind you). What has happened to sound business practices to ensure growth rather than making forecasts that can't be achieved just to impress analysts? Like it or not, Jobs has built his career(s) on delivering the finest products possible regardless of analysts opinions. His reward? To have the street pummel the stock because the philosophy at Apple is to undercommit and overdeliver. Certainly I believe the current forecast for the coming quarter is light. However, as a stock holder, I want and NEED to know that the management team running this company understands market and economic conditions. The last thing I want is a forecast designed to impress the street that can't be achieved only to have the stock crash as a result. I learned to quit betting against Jobs a long time ago. People said that when he was thrown out of Apple in the 90's and built NEXT that NEXT was a failure. Turns out that the programming efforts done at NEXT was the foundation for the current Mac OS. Also, NEXT made Jobs a TON of $$ when he sold it to Apple. Pixar was a homerun that not only made a TON of $$, but also provided Disney with an additional business unit that cements their hold in film animation. Certainly I'm concerned about Jobs health and wish that more information had been released to clear up confusion and rumors. However, bottom line, Apple has built and continues to build a multi-product company with a focus on excellence, consumer appeal, and INNOVATION. Jobs is truly a rare breed in terms of CEOs, but people lose sight of the fact that behind him there is a team of people who have helped remake Apple into the company that it is today. Not only are consumers lined up to purchase Apple's products. Potential employees are also lined up to be able to work for this company. COO Tim Cook is rock solid and had a strong history at Compaq before coming to Apple. Ron Johnson at Apple has built a retail franchise in the Apple stores that is producing five times the revenue per square foot of it's nearest competitor (Best Buy) and shows no evidence of letting up. There are absolutely no "me-too" products at Apple and no "me-too" retail experiences at Apple stores. Can the company screw up? Absolutely. But Jobs has built a culture that has evolved over several years and is not going to go away overnight if something happens to him. $19B in the bank and absolutely NO DEBT. Products that people line up for in an economy that is weak at best. And now we're seeing global demand for these products. Record results in EACH product category every quarter. And the result? The stock tanks on earnings. Like all humans Jobs has his flaws, but running Apple isn't one of them.
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    • Sat Jun 7th 11:37 AM | Rating: 0 0
      Commented on:
      Options Trader: Friday Outlook
      It's a really simple choice. Had enough? Put the other party in power before the Repubs completely destroy the dollar and put us into a depression rather than a recession. With the decline in the strength of the dollar, the ever-increasing national debt (which results in more of our tax $$ being used to pay interest rather than used to improve our society), increased unemployment, more and more people without health insurance, and our loss of stature in a global economy, I continue to be amazed that people can continue to call for more tax cuts and praise the results of this administration. What is the overall goal? - to bankrupt the government? If we want an expanding economy, we must have a fiscally responsible form of government, and clearly that idea has been tossed out the window by all these conservatives who profess to love America while the administration continues to enact policies that undercut our strength. Being the world's largest provider of bombs and warfare will not strengthen our economy. We as a society are going to have to deal with these fiscal problems, and if we continue to stick our head in the sand and profess we are the greatest nation in the world while the other nations catch up and pass us on job growth and GDP, eventually we will in fact bankrupt our government and the result won't be positive. Regardless of party affiliation, all one has to do is look at the results the current administration has produced in 7 short years and it becomes inescapably obvious that we're headed off the cliff. My only hope is that too much damage won't be done b4 anothe administration comes to power and tries to restore some sense to our economic and foreign policies.
      View article »
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