OlDawg

I haven’t read the book. So, I’m not as familiar as you. But, I don’t doubt you one iota.

I’m not slamming you. Just ridiculing the twisting to get the spin in the material posted. USPS and Amtrak were both government entities before they were private/government partnerships. You know this. That’s why I said it was comical.

This is a joke, major spin, and an excuse. Period. It’s justification for government intervention in any business they desire under the cover of National Security. Whoever wrote the excuses/examples of USPS and Amtrak should be taken out and horse whipped. How stupid do they think people are?

I don’t have an issue with incentives, subsidies, or ‘completion bonuses.’ Again, that’s not crossing the line into direct ownership. The Administration could just as easily have offered incentives to a couple major players, and let them compete. Put some bait out in front of Qualcomm, Intel, and TI. Give them a goal. See who wins. Intel hasn’t been relevant since the IPhone. To masquerade them as a great company is a joke at best. But, that’s beside the point. I think you understand where I’m coming from…

Yes. It’s directly owning private entities. Entirely different animal. It’s ’Too Big to Fail’ with a controlling purpose—on purpose.

This isn’t socialism. This is direct intervention in industrial policy. This is government ownership. The U.S. is charging Nvidia a 15% cut of revenue for any GPU shipped to China since it’s illegal under the Constitution to charge an export tariff. They’ve negotiated a golden share with veto powers over corporate decisions to allow Nippon to buy U.S. Steel. The Pentagon will be the major stakeholder in the mine discussed previously. Now this with Intel. THIS is communism. I guess Qualcomm and TI can just close up shop. Next, they’ll force Nvidia to sell tech to Intel, or they’ll tariff them to death. The mine will receive any permits required before any other competitor, and EPA regs will be lax. Even the most fervent Trump supporter—if they believe in free market capitalism at all—can’t think this is a good progression of policy.

Trump Admin doesn’t need to be talking anything about socialism or communism any more after taking a 10% stake in ownership of Intel & having the Pentagon becoming the largest shareholder in a critical mineral mining operation. I understand the needs. But, this is no different than the CCP. Spin it how you want. This is communism at its core, and it’s picking winners & losers. Totally against free market principles. From a practical standpoint, the last time the government made a move like this (GM in 2008), we wound up losing $10 Billion.

Nice interview with Coach Berneathy yesterday. Please let Tep & Pickle know we appreciate! See you here in a few weeks.

I don't trust the air if I can't see what I'm breathing. Maybe that's why I don't mind walking around the Pai Gow tables. Reminds me of a few of my less fortunate grilling episodes.

We used to say the most dangerous towns had military bases because of the businesses they attract & other activities those businesses attract. I still think that’s true in many of these cases. The towns want the revenue from the military bases. But, they don’t like the criminal elements they attract. Double-edged sword. Near every military base is typically the ‘seedier’ side of town. That’s probably why Little Rock is on the list.

Remember all those spare masks from COVID? 😁 In all seriousness, it’s a new finding. So, no one has probably even thought about it yet.

Now, don’t you go knockin’ those clean EV’s.

UCLA researchers have found that fast charging systems across CA emit dangerous levels of particulate matter. For anyone, exposure to fine particles can contribute to health issues, and for those with existing conditions or heightened sensitivity, the risks are even greater,” said Michael Jerrett, professor in UCLA Fielding’s Department of Environmental Health Sciences and a study co-author. “Because these particles are so small, they can travel deep into your lungs and even enter your bloodstream — potentially leading to serious problems like heart or lung disease.” [Hidden Content]

Not accurate. It has to go before the voters in November.

Darwin screwed up on that one.

38 or 40 states allow NIL at 17 with looser rules than Texas, and OOS transfer would allow play. Just a wild thought.

Is he 17?

A little worried Powell (a lawyer--not an economist for those that didn't know) won't cut rates in September. He seems to be relying way too much on backward looking data & some strange sense of precognition of what he thinks tariffs MIGHT do. Real data actually shows a slowing job market, and businesses beating their earnings estimates by 2x. As usual, he's gonna' be late to the game, and have to make more adjustments because of either: His personal dislike of Trump. He's forgotten the dual core mission of the Fed is to maintain the dollar at a constant value, and seek full employment. Nothing more. An ingrained belief that he can see the future even though data says otherwise. He's killing the housing market, and hurting small business' ability to borrow and hire. We'll be lucky if he doesn't run us smack dab into stagflation. (That said, if you happen to have some spare laying around right now, there are some decent bargains on the pullback of this week. Personally, I wouldn't hesitate. There's no signs of a recession on the horizon. Find a good dividend payer, and buy at a discount. Especially if you're younger, and have time on your side.) [Hidden Content] DISCLAIMER: I'm not an analyst. Simply someone who was a FIRE movement member before anyone even knew what it was, and have been living on investments for over a decade. So, I do keep a pretty close watch.

For better or worse, it's been ruled unconstitutional. They won't be displayed in public school classrooms unless appealed and overturned.

I liked my doctor too…

Journalism is great & I'm happy for your awards. But, I hope your Carnac the Magnificent skills are better! 😁

As long as China is buying massive amounts of Russian oil, Putin has no reason to stop, and Trump doesn’t seem to want to impose major tariffs on China while trying to negotiate a trade deal. I’m guessing Putin is well aware of the box Trump is actually in.

I question any list that doesn’t include NOLA.

All bets are off if the court rules Trump can’t impose tariffs in the manner he has used. I’d expect that decision to come out by mid to late next month. Also, I’m FIRMLY against the Trump Administration looking to take a 10% stake in Intel. This is no better than Soylndra, or any other ‘too big to fail’ venture. This is a form of socialism/communism, and shouldn’t even be on the table. We’ve (Biden Admin) already given Intel over $10 Billion, and they’ve done nothing. The government has no business using our money to take a stakeholder position in any company. Very disappointed in him even contemplating this fiasco.