Tuesday, September 30, 2008

One blogger's view on economic problems

From Chris Sloan at inkspot printer:

Let’s Try This Again

30092008
So the plan had a few holes and not all were on board…at least the majority.  The frustrating thing about the bail out to me is that it didn’t happen yesterday, two weeks ago or even a few months ago.  This financial crises started years ago.  With the right ingredients (and we had them all) the perfect storm hit and hit hard.  While not alot of volume was traded yesterday, that negative number scares the crap out of people (Nancy Pelosi, please shut your trap, bad day to get a hang nail you’ve been wrestling with for the last 8 years)
This plays right into the hands of the Democrats…fear is Obama’s best weapon, he’s got nothing to pull out of his hat that doesn’t scream tax the American people to death…but fear is working and I’m afraid that lots of people are beginning to drink his cool-aide.  Obama is praying that this crises continues for another 35 days, sure makes his fear campaign that much stronger. 
 
Obama’s thought process is extremely scary, you could see the inexperience in his responses during the first debate.  We can’t have that in the oval office.  Talked to two Democrat at the bus stop this morning and ALL they can say is that it’s Bush’s fault.  As a marketing guy, Obama and the liberal media have done a masterful job in getting people to swallow this kind of thinking.  Bush’s players probably did take their eyes off the ball, didn’t continue to ralley for new and creative ways of helping fix the finacial crystal ball that had crazy written all over last January…we got lazy…greed set in.
 
Was watching a Reagan piece on PBS the other night and it’s fascinating that at the end of his first term the state of affairs we were in vs. today.  The similarities are fasinating.  Wish we had a Reagan type today.
 
While I don’t understand all of the intricacies of the financial vehicles, I do understand basic credit/debt balance sheets.  My sister works for an arm of AG Edwards, i.e. Wachovia.  Was she happy Citigroup came in and took over their banking debt, I’ve heard numbers as high as 100 billion in bad mortgages.  Now they could get back to an investments, money management company.  My fear is that while this makes Wachovia good for the time being, what will happen to the Citigroups of the world…will their books reflect this huge debt, or will they be whiped clean as the assets over time (let’s pray) help ease the public’s discomfort.  This is really what Bush pushed for this morning (Sept 30th).
FDIC - 100,000 to 250,000 to insure…banks pass this onto the customer to pay for it so there is no free lunch here.

Saturday, September 27, 2008

Can it be - only 10 years of Google?

Wow, it's kinda unbelievable that Google has only been around 10 years
clipped from www.google.com
Google's 10th Birthday
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Friday, September 26, 2008

Current TV mashup with Twitter for Debate

Make sure your tweets feature #current for mashup on current TV tonite during debate
clipped from current.com
Current & Twitter have teamed up for the very first time to integrate real-time Twitter messages (aka "tweets") over major portions of a live television broadcast.

Hack the Debate by adding your Twitter posts to our live broadcast of the 2008 Presidential Debates.
How to PARTICIPATE:

  1. 1. Tune in on September 26th at 9pm EST/ 6pm PST for the Live Presidential Debate. Find Current TV on your local cable/satellite provider or come here to watch the live stream of our broadcast.

  2. 2. Make sure you’ve registered with Twitter to participate.

  3. 3. During the debates, chime in by including "#current" in your tweet. Example:
    "This discussion about universal healthcare makes me want to pop some pills! #current"

  4. 4. We won't be able to air every single tweet on TV, but you can see all of the #current tweets by searching #current on Twitter search.

  5. 5. If you have any questions about participating, send us a tweet @current.


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Follow election tweets on special twitter

Even though many of the tweets are liberal it does cause some great follow up conversations


Election-2008



John McCain



JohnMcCain:
I Know, I know. It's the Times.: ABC News reports:
House Speaker Nancy Pelosi, D-Calif., reportedly.. http://tinyurl.com/529f64


reply to JohnMcCain




Barack Obama



BarackObama:
Just launched a "Next Generation Veterans for Obama" video on YouTube. Watch it at http://tinyurl.com/4bfrc4


reply to BarackObama




What’s this?



We’re filtering hundreds of Twitter updates per minute to create a new source for gathering public opinion about the presidential election and a new way for you to share your thoughts.

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Valparaiso Bus Service to Chicago

At long last Valparaiso's bus service direct to Chicago begins, he's the website and ticket purchasing online.

Although an out of town website designer appears to have been a slow down to the process, finally it's ready to roll.
clipped from chicagodash.com


Cost is $7.50 for a one-ride ticket.


Valpo's Village Station is located adjacent to the Franklin House, 58 Campbell St. in Valparaiso (1 block south of Lincolnway)


Purchase your seat in advance and bring your ticket to departure. All passengers must be seated with seating available on a first-come first-serve basis. To guarantee availability, reserve online. A limited amount of seats may be available at departure and may be purchased using Visa, Mastercard, or American Express. Please allow extra time for ticket purchase.




For Ticket Information Call 1-877-7GO-DASH (1-877-746-3274)
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Thursday, September 25, 2008

Valpo Univ Panel on Credit Crisis

I'm going to try and attend this, perhaps even live blog. By the 30th the Congress and President will have made up their minds on the plans being discussed today, but the long term implications will fall to the new President and Congress to manage. I'm sure hoping it's John McCain and that the Senate goes 50-50 so they are deadlocked and can't create more regulations.

Valparaiso, Ind. -- A panel of Valparaiso University business, economic and legal experts will discuss the ongoing crisis afflicting Wall Street and Main Street America and the government’s bailout plan on Sept. 30.

The panel discussion, which will address how the financial crisis and government efforts to bailout financial institutions on the verge of bankruptcy may impact the American public, will take place from 6 to 8 p.m. in the Christopher Center Community Room. The event is free and open to the public.

Speaking are:

● Bruce MacLean, director of graduate programs in management. He is an entrepreneur with more than 35 years of executive management experience in large multinational corporations and medium-sized domestic corporations. MacLean founded the start-up education and training technology firm World Class Communication Technologies in 1989

● Alan White, assistant professor of law. He is an expert on
predatory mortgage lending and mortgage foreclosures who recently testified to the U.S. House Committee on Financial Services on the government's response to the foreclosure crisis. White is serving a three-year term as a member of the Federal Reserve Board of Governors Consumer Advisory Committee and in 2004 he was named National Association of Consumer Advocates' Consumer Attorney of the Year.

● Dr. Virginia Shingleton, chair of the Department of Economics.
Her research interests include labor market analysis and the influence of health benefits on labor market participation of various ethnic groups and races. She has been an officer in the Midwest Economics Association.

● Dr. Paul Newsom, associate professor of finance. His research
focuses on asset pricing models, and he won the Distinguished Research Award for his paper “An Aggregate Investigation of the Demand for Home Equity Credit” at the 2005 Allied Academies Conference, as well as the Best Paper in Financial Education at the 2006 Midwest Business Administration Association conference.

Serving as moderator for the discussion is Dr. Jaishankar Raman, associate professor of economics. Those attending the discussion will be invited to ask questions of the experts.

Sponsoring the panel discussion are the University’s chapters of Students in Free Enterprise, Delta Sigma Pi and Delta Epsilon Chi.

Source: Valparaiso University

Thursday, September 18, 2008

McCain moves ahead in electoral projections

After a month of positive movement in polls, electoral projections now who McCain moving ahead in electoral projections. Senate races still look like pick-ups for Dems, though I've suggested a better result of 49 Reps and 50 Dems with Lieberman playing spoiler.
Obama 243  
McCain 274  
Ties 21
strong Dem Strong Dem (143)
weak Dem Weak Dem (45)
barely Dem Barely Dem (55)
tied Exactly tied (21)
barely GOP Barely GOP (90)
weak GOP Weak GOP (23)
strong GOP Strong GOP (161)
270 Electoral votes needed to win
Map algorithm explained
We have 38 presidential polls today due to a large number of new ARG polls. The results are given below.
The upshot is that John McCain has taken the lead in the electoral college 274 to 243.

We also have a House poll in PA-11, where challenger Lou Barletta is leading incumbent Paul Kanjorski.
This may be the only House race in the country where an incumbent Democrat loses.

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Union blogger says Dem commissioner disrespectful

It's a tough year when 45 days before the election, union bloggers are turning on the Democrats and calling them out for elitism and disrespect


Porter County Commissioners Disrespectful

The other day I attended a meeting of the Porter County Commissioners.
The experience was not pleasant.
There was not a working sound system, but the room was so small that they shouldn’t have needed one anyway.
There were many people in attendance, mostly senior citizens, and yet these Commissioners spoke in such soft voices that nobody could hear what the heck they were saying.
They gave no consideration to the people in attendance and spoke so softly that nobody could hear a thing that was being said.
This is what sometimes happens to people once they get a job in government. They think all of a sudden that they don't have to be considerate or polite anymore.
Sickening.
I'll blame the guy running the meeting. His name is Robert Harper, I believe. What a joke.
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Sunday, September 14, 2008

Business Communication - Blog?


I was asked to teach-moderate a class at Valparaiso University this week (Friday) on blogging. I'm going to try and post my draft slides presentation for input and ideas from our readers.

Be critical, throw me some ideas for sure.

As you can already tell, I'm no graphics or HTML guy, the perfect world would be me writing and someone else doing that stuff. So it won't look as cool as some of you would do it.

















Saturday, September 13, 2008

Social Median packed with liberals, need help

This site, although some good ideas, is packed with liberals so sign up and help me show them the other side of the story

Hot discussions on socialmedian

Huffington Post :
She said "nucular." Twice. I realized three things tonight. For one, if you are a McCain/Palin/Bush voter, you and I do not have a difference of opinion. We have a difference in brain power. Two, she really is as ignorant as I feared. And, three, she really is kinda hot. Basically, I want to have sex with her on my B (Read More)


8

Clips




Jasongoldberg
,

8 hours ago

: Brilliant political move. Dems were stupid to dismiss this one.


You
,

6 minutes ago

: She will be your Vice President, I know it's tough to get used to but we'll have a woman VP. As for the interview, she was decent but similar to Barack she works a crowd the best
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Obama's adisors see problems brewing

First he chose a boring VP, then McCain chose an exciting one. Then he attacked Palin, and forgot he's running against McCain. Now, his advisors are getting antsy ... next comes a dwindling money supply
clipped from www.telegraph.co.uk
Barack Obama under fire for ignoring advice on how to beat John McCain

Barack Obama under fire for ignoring advice on how to beat John McCain

A senior Democratic strategist, who has played a prominent role in two presidential campaigns, told The Sunday Telegraph: "These guys are on the verge of blowing the greatest gimme in the history of American politics. They're the most arrogant bunch Ive ever seen. They won't accept that they are losing and they won't listen."

The one thing everyone agrees the Obama camp have woken up to is the toxic effect on their chances of Mrs Palin's arrival on the national scene. Polls show that white women voters, attracted to her down home virtues, now support Mr McCain by a margin of 12 points, the same lead among white women that George W. Bush enjoyed over John Kerry in 2004. Until recently, Mr Obama led among that group of voters by six points.

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Friday, September 5, 2008

NW Indiana bloggers on gasoline prices

The last couple weeks I've been keeping an eye on oil markets, for the most part so I can better understand our options. I am calling for oil to drop to $80 by the end of the year. Glad to have some experts set me straight, but my thoughts:

First, Oil has risen in the
last year from $95.00 to close to $150. Why? IMHO it was demand increases coming from the Pacific Rim and China, as well as overall health of the world economy. Sure there was some irrational exuberance that fueled speculation as well. With monies flowing out of bond markets and housing related securities, hedge funds and investors wanted a place to get some kind of return.

The net effect of this huge upswing in oil prices was the obvious increase in gasoline prices to consumers, with gasoline swelling to $4.00. Finally at about $4.00 American consumers got sick of it and began cutting back on consumption. More and more car buyers went to flex fuel autos that allow ethanol blends (85% ethanol and 15% gasoline) with less expensive blends running almost $1.00 less. As 2008 ensued the gasoline prices started to become a political issue with people asking the question: "Are we adequately protecting ourselves as a nation with our dependency on others' oil?"

Consequences though to all decisions, a big move toward ethanol created a run up in prices on corn and grains, causing food prices to jump in early 2008. This isn't good for our economy, causing inflation, and sure isn't good for overseas nations dependent on our supply of low priced meal.

The Democrats have been quietly gleeful that prices have soared, hoping this will cause consumption cut-backs and investment in alternative fuels. My thought is that investment in alternative fuels will happen anyway, and that government ought to keep their hands as far away as possible, they merely tend to waste money and get in the way.

Republicans on the other hand began talking in the early summer about increasing our own oil drilling domestically, either on ANWR or offshore or both. When Nancy Pelosi and House Democrats decided to shut down Congress and go home for five week vacations, Republicans led by Indiana's Mike Pence decided otherwise and began staging the #dontgo home revolt, literally staying on the House floor in the dark demanding that Speaker Pelosi let Congress come back and vote for more oil production.

Now this week we get to meet Governor Sarah Palin, from Alaska, who will accompany Senator John McCain for the next 60 days in an effort to regain the White House. She, more than all the other leaders running for office, appears to have more experience with this issue. She has negotiated with oil companies, she has forced their hands, and she knows the games they play. She also is a huge proponent of drilling and investing in innovative energy resources.

So, I come full circle, what is best for our long term future?

  • An immediate release of ANWR and off-shore drilling properties with large rents or profit sharing agreements to increase supply. Though this will take 2-3 years, even the hint of legitimate supply increases in the future will push oil back to $80.00
  • Review all current land leases and make sure that oil companies willing to explore are maximizing these leases. If not, while maintaining the legality of the contracts, look to move these leases to oil companies willing to explore.
  • Invest in energy innovation, but don't meddle with government oversight
  • Pass a Shovel Ready Nuclear Power Act, that would target 50 sites for nuclear power and fast track the government approvals that currently make it impossible to develop
  • Tell OPEC to back off, I'm getting a little sick of their monopolistic games. Let the free market rule. It's time to bust up this little group of anti-freemarket countries.
  • Eliminate farm subsidies, at least this is a positive part of food price increases from ethanol, let's get rid of one of our blackeyes in international negotitations on free trade.
Does anyone have the ability to lead like this? Disagree with me, great enter the discourse.