Yes, Dear Leader, More!

Month: October, 2011

I Like this Response a Lot

Williamson:

Mr. Jobs’s contribution to the world is Apple and its products, along with Pixar and his other enterprises, his 338 patented inventions — his work — not some Steve Jobs Memorial Foundation for Giving Stuff to Poor People in Exotic Lands and Making Me Feel Good About Myself. Because he already did that: He gave them better computers, better telephones, better music players, etc. In a lot of cases, he gave them better jobs, too. Did he do it because he was a nice guy, or because he was greedy, or because he was a maniacally single-minded competitor who got up every morning possessed by an unspeakable rage to strangle his rivals? The beauty of capitalism — the beauty of the iPhone world as opposed to the world of politics — is that that question does not matter one little bit. Whatever drove Jobs, it drove him to create superior products, better stuff at better prices. Profits are not deductions from the sum of the public good, but the real measure of the social value a firm creates. Those who talk about the horror of putting profits over people make no sense at all. […]

And to the kids camped out down on Wall Street: Look at the phone in your hand. Look at the rat-infested subway. Visit the Apple Store on Fifth Avenue, then visit a housing project in the South Bronx. Which world do you want to live in?

Bravissimo.

 

What Are “Cain Voters” Telling Rick Perry?

Please. Reassure. Us.

For Those Still Coming to Grips with the Deflationary Correction in Housing

When you hear the terms “short-sale” and “foreclosure,” think correctives (or “property price correction,” to be more specific).

If you happen to love shopworn argot, feel free to call this the “pricing in” of a corrective tsunami now preparing to swamp real estate, stocks, etc etc. However, it may be clearer to think of this as pricing out a decade of Freddie/Fannie/Fed-stoked bullshit optimism that was already “priced in” by equity speculators galore.

Please watch the following. I’ll give you time to think them over and then comment.

This is Funny

I pass it on.

Teleprompter Fail

“Obama Refers to His Wife as Michael.”

Juvenile speculation at the link.

More to the point, is it strange that Obama makes the same equivocal mistake as the teleprompterist?

Specifically, how much does this man say that he has done no due-dilligence–you know, in advance of saying it before the whole wide world–simply to comprehend?

Bubbles will be Bubbles

China will force its international paymasters to fund the domestic ponzi.

Officials have now unveiled some detailed rules, which seem to require foreigners, as of October 15th, to pay into China’s public scheme that provides pensions, health care and unemployment benefits.

The likely costs of the new measures are unknown. It is possible, but not certain, that foreigners will face stiffer taxes than locals. All that is clear, says KPMG, a tax consultancy, is that the law will squeeze both expats and their employers.

This would be a big change. In the past, foreigners have neither contributed to the system nor made much use of it. (Multinational firms typically offer their expats private health insurance and pensions.) Paying into the public scheme should, in theory, mean that foreigners get something back. But in practice, that may be tricky.

It’s like they already have Dear Leader-care or something–

The government may soften the new rules a bit. That is what happened with its controversial plan to promote “indigenous innovation”. In July, after an outcry from foreigners, it revoked some of the plan’s most blatantly discriminatory provisions.

Still, the climate for foreign firms in China is starting to feel frosty. Costs are rising; regulations are growing more burdensome. Local competitors are playing rough. Some, like Cosco, a shipping giant, have brazenly tried to renege on contracts. Others have used their political allies to squeeze out foreign partners. One Westerner reveals that two foreign firms on whose boards he serves have recently been forced to leave the country, shedding their assets in fire sales. China is much too big and booming for foreign firms to ignore, and plenty of multinationals are doing splendidly there. But this latest turn of the screw may not be the last.

The nine of you who still watch the nightly news, hold your oxygen tank tight–China’s broke.

China’s (current/fading) boom is just like ours: fake, only bigger.

Happy landings!

Doesn’t This Signify Google Running Way

As is way way way.

Behind?

It’s just an experiment for now. A spokesperson told the Standard “It’s something Google is going to play with and see where it leads.”

But this is exactly how Microsoft got into the retail game a few years ago: by creating “Microsoft stores” within big outlets like Circuit City, Best Buy, and — yes — PC World in 2008. It learned what it needed to know.

A few months later, Microsoft opened its prototype Retail Experience Center to journalists. In February 2009, Microsoft announced it would open its own line of stores. Now, it’s approaching a dozen. It plans to build 75 of them by 2014.

Google doesn’t have enough products to sell to justify its own line of retail stores. Yet. But by the time it does, look for a gleaming chain of Google Stores to sell whatever it comes up with.

 

Good thing Google launched, then began fine tuning, then pushed forward, and finally emerged peerless in the realm of computing-experience, with a myriad of retail outlets/technical-support emeanation points ready to prove its lion-share worthy point….

Wait wait wait. Wait wait wait wait wait.

Will Perry Be a Flounder-and-Miss Candidate?

At this hour, I’m willing to believe it.

If Mr. Christie were to waddle in and save America, what would that mean for our  future as a sometime progressive nation?

Progressivism always lived and breathed because of compromise–

UPDATE: Consider.