I have already expressed my contempt for economists be they liberal or conservative, they all come from the same class that determines how human beings are doing by looking at market statistics.
Here are few statistics that a poster from another popular “progressive” website posted this morning.
42,000 factories have closed since 2001 of which 75% employed over 500
human beings.
Dell Inc. has committed to $100 billion to investment in China over the
next decade.
Dell Inc. has announced the closing of it’s last large manufacturing
facility in Winston-Salem, North Carolina..900 jobs will be lost.
In 2008, 1.2 billion cell phones were sold world wide, zero of them
manufactured in the U.S.
Asia produces 84% of all printed circuit boards.
Ford Motor Co. announced closure of The Ranger plant in St. Paul.
This was not all that he posted…..but you get the picture……
One of the reasons that you see so much protesting in Europe and next to
no organizing and labor protesting here in the U.S., they still have
much to loose, we have already lost.
Any economist with any clout that has the welfare of Americans as their
priority would not only be pointing these discrepancies but urging
strikes, organizing, and empowering unions. (what pathetic little is left
of them).
They would be pointing out in every little essay that our Market is
totally 100% reliant on the War Industry.
None are worried about that, just the daily closing of the DOW.
There is no conventional turning this around, especially with a ballot.
What makes a man want to amass more money than God, and once he has, keep going? For each hedge-fund manager the answers are a little bit different, and a little bit the same. From today's Bloomberg Markets we believe we have identified the four primary things that motivated Harbinger Capital founder Philip Falcone (or as readers of this blog may know him, Mr. Lisa Falcone), whose fund made $11 billion betting against subprime, to become who he is today.
We begin with a sepia-tinted moment when Falcone first leaves his Minnesota hometown, all gawky of limb and Lionel Richie of hair, to seek his fortune in the big city.
Neil Sheehy, from nearby International Falls, had offered Falcone a ride to Harvard University, which had recruited both of them to play hockey for the Crimson. The car stalled in front of Falcone’s house, and Sheehy had to restart it on a hill while Falcone’s mother and one of his sisters sobbed their goodbyes.
“It’ll be all right, Mrs. Falcone; it’ll be all right,” Sheehy recalls telling Caroline Falcone as the car chugged to life and headed east.
Falcone was one of nine, and his mother still cared that he was leaving home! This is meaningful and leads us to Motivation 1: Phil can never let his mama down.
[To wit, later: "Galloway says he once set up a meeting for Falcone with a billionaire investor who was interested in Harbinger. Falcone said he couldn’t make the meeting because he had to go see his mother."]
Immediately after leaving home, life decided to punk young Philip by showing him that even when you think that things are tough, they can always get worse.
Falcone rode to Cambridge, Massachusetts, with his feet on the dashboard because Sheehy had packed a skate-sharpening machine on the floor of the front seat... Halfway there, the roof liner came loose and showered the young men with fiberglass insulation that stuck to them as they sweated in the late.
Motivation 2: The fuck he's going to go through something like that again. He is going to kick life's ass!
Then, he did not quite fit in at school.
Falcone was wide-eyed when he arrived at Harvard in 1980, says hockey teammate Greg Olson, who’s now a dentist in Minnetonka, Minnesota. “He was a deer in the headlights,” Olson says. After recovering from the initial shock, Falcone made himself something of a campus don. Hockey teammates called him “Fashion Phil” because he cared so much about his clothes, Olson says. He had a blue, three-piece suit that he wore often, and he always wore stylish shoes.
Motivation 3: Show those jerkoffs who called him a hick and a fag who the man is.
But after graduation, he was more confident.
[Wife Lisa] was working as a model when she met Phil Falcone through mutual friends at a Manhattan restaurant in the late 1980s.
Motivation 4: GIRLS!
Of course, a hot wife and incredible financial success doesn't keep the critics at bay. If anything, it just makes them worse.
“Just because a manager got the subprime trade right, it doesn’t necessarily mean he’s a skilled manager,” says Brad Balter, managing partner of Balter Capital Management LLC, a Boston-based firm that invests in hedge funds for clients. “There have been several funds that benefited from that bet in 2007 whose performance was mediocre before and continues to be mediocre today.”
Motivation 5: Show those jerkoffs who suggest he is a one-hit wonder who the man is. Then show them again. And again. Until he dies.
Falcone Losing Touch Borrowing From Funds While His Investors Denied Cash
CBS <b>News</b> Reporter Arrested for Growing Pot | PopEater.com
Police arrested CBS News correspondent Howard Arenstein and his wife, along with reporter Orly Azoulay, Saturday for drug possession with intent to di.
Sea Ice <b>News</b> – delayed a day – but still something interesting <b>...</b>
It makes good news right now because of the nice 15 year trend down, which is actually a 30 year trend down. The problem is that our satellite data for the sea ice extent started in 1979 (for the whole year at least). ...
IMPORTANT: Bing <b>News</b> RSS feed has moved! (France National Soccer <b>...</b>
... FIFA World Cup™ problems which followed the sending home of Nicolas Anelka after his clash with Blanc's predecessor Raymond Domenech. Blanc banned the entire 23-man FIFA World Cup squad from his first More FIFA World Cup News ...
eric seiger eric seiger
I have already expressed my contempt for economists be they liberal or conservative, they all come from the same class that determines how human beings are doing by looking at market statistics.
Here are few statistics that a poster from another popular “progressive” website posted this morning.
42,000 factories have closed since 2001 of which 75% employed over 500
human beings.
Dell Inc. has committed to $100 billion to investment in China over the
next decade.
Dell Inc. has announced the closing of it’s last large manufacturing
facility in Winston-Salem, North Carolina..900 jobs will be lost.
In 2008, 1.2 billion cell phones were sold world wide, zero of them
manufactured in the U.S.
Asia produces 84% of all printed circuit boards.
Ford Motor Co. announced closure of The Ranger plant in St. Paul.
This was not all that he posted…..but you get the picture……
One of the reasons that you see so much protesting in Europe and next to
no organizing and labor protesting here in the U.S., they still have
much to loose, we have already lost.
Any economist with any clout that has the welfare of Americans as their
priority would not only be pointing these discrepancies but urging
strikes, organizing, and empowering unions. (what pathetic little is left
of them).
They would be pointing out in every little essay that our Market is
totally 100% reliant on the War Industry.
None are worried about that, just the daily closing of the DOW.
There is no conventional turning this around, especially with a ballot.
What makes a man want to amass more money than God, and once he has, keep going? For each hedge-fund manager the answers are a little bit different, and a little bit the same. From today's Bloomberg Markets we believe we have identified the four primary things that motivated Harbinger Capital founder Philip Falcone (or as readers of this blog may know him, Mr. Lisa Falcone), whose fund made $11 billion betting against subprime, to become who he is today.
We begin with a sepia-tinted moment when Falcone first leaves his Minnesota hometown, all gawky of limb and Lionel Richie of hair, to seek his fortune in the big city.
Neil Sheehy, from nearby International Falls, had offered Falcone a ride to Harvard University, which had recruited both of them to play hockey for the Crimson. The car stalled in front of Falcone’s house, and Sheehy had to restart it on a hill while Falcone’s mother and one of his sisters sobbed their goodbyes.
“It’ll be all right, Mrs. Falcone; it’ll be all right,” Sheehy recalls telling Caroline Falcone as the car chugged to life and headed east.
Falcone was one of nine, and his mother still cared that he was leaving home! This is meaningful and leads us to Motivation 1: Phil can never let his mama down.
[To wit, later: "Galloway says he once set up a meeting for Falcone with a billionaire investor who was interested in Harbinger. Falcone said he couldn’t make the meeting because he had to go see his mother."]
Immediately after leaving home, life decided to punk young Philip by showing him that even when you think that things are tough, they can always get worse.
Falcone rode to Cambridge, Massachusetts, with his feet on the dashboard because Sheehy had packed a skate-sharpening machine on the floor of the front seat... Halfway there, the roof liner came loose and showered the young men with fiberglass insulation that stuck to them as they sweated in the late.
Motivation 2: The fuck he's going to go through something like that again. He is going to kick life's ass!
Then, he did not quite fit in at school.
Falcone was wide-eyed when he arrived at Harvard in 1980, says hockey teammate Greg Olson, who’s now a dentist in Minnetonka, Minnesota. “He was a deer in the headlights,” Olson says. After recovering from the initial shock, Falcone made himself something of a campus don. Hockey teammates called him “Fashion Phil” because he cared so much about his clothes, Olson says. He had a blue, three-piece suit that he wore often, and he always wore stylish shoes.
Motivation 3: Show those jerkoffs who called him a hick and a fag who the man is.
But after graduation, he was more confident.
[Wife Lisa] was working as a model when she met Phil Falcone through mutual friends at a Manhattan restaurant in the late 1980s.
Motivation 4: GIRLS!
Of course, a hot wife and incredible financial success doesn't keep the critics at bay. If anything, it just makes them worse.
“Just because a manager got the subprime trade right, it doesn’t necessarily mean he’s a skilled manager,” says Brad Balter, managing partner of Balter Capital Management LLC, a Boston-based firm that invests in hedge funds for clients. “There have been several funds that benefited from that bet in 2007 whose performance was mediocre before and continues to be mediocre today.”
Motivation 5: Show those jerkoffs who suggest he is a one-hit wonder who the man is. Then show them again. And again. Until he dies.
Falcone Losing Touch Borrowing From Funds While His Investors Denied Cash
CBS <b>News</b> Reporter Arrested for Growing Pot | PopEater.com
Police arrested CBS News correspondent Howard Arenstein and his wife, along with reporter Orly Azoulay, Saturday for drug possession with intent to di.
Sea Ice <b>News</b> – delayed a day – but still something interesting <b>...</b>
It makes good news right now because of the nice 15 year trend down, which is actually a 30 year trend down. The problem is that our satellite data for the sea ice extent started in 1979 (for the whole year at least). ...
IMPORTANT: Bing <b>News</b> RSS feed has moved! (France National Soccer <b>...</b>
... FIFA World Cup™ problems which followed the sending home of Nicolas Anelka after his clash with Blanc's predecessor Raymond Domenech. Blanc banned the entire 23-man FIFA World Cup squad from his first More FIFA World Cup News ...
eric seiger eric seiger
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