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[quote=SK in CV]That’s a bs question for any CEO. Even many small companies, much less large enterprise companies, are too complicated to be described in 5 or 10 word answers. At least half the DOW 30 CEO’s could not answer that question with a meaninful answer. Best she could have done is say “HP is a technology company”. Not very enlightening.[/quote]

“We’re the premier technology company”.

And no it’s not, but it’s simple. And from there you go into what do they mean. It’s the fact that they dance around with the BS.

The better part of this story is that they and the media is already starting to ask the question of why didn’t any of those 15 advisors on the autonomy deal raise a red flag?

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[quote=dumbrenter]
Would it be correct to say that the debt service payments will be a short-term liability (i.e. in current portion of liability) while the same debt used productively will be having a positive effect on the revenue portion of the income statement?[/quote]

Let me think.

A school district is doing 30 year bonds to finance long and short term issues, including technology spending on neat-o stuff like iPads. Those iPads are being planned to be in service with the students for 5 years.

The debt, or at least, portion of the debt will be being paid for 30 years.

The iPads will be planned for use for 5 years. If they are still in use after 5 years, how useful will they be?

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Got sources for that?

Sadly the. Internal plundering of companies by the c-level is nothing new

A brand likentwinkies or ding doings makesnannice little cash cow for a employee owned to run. It also makes an even nicer target forenamed vulturen to strip and run

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[quote=CA renter]
Exactly, OCR.

This isn’t about unions bankrupting the company, it’s about a product that too few people want to buy. Back when we were kids, I’ll bet most of us (those of us over ~35) had a Hostess product in our lunchboxes at least once a week. These days, I’ll bet very, very few kids eat these, at least not nearly as often. I would feel guilty for years if my kids ate like I did back in the day.

Anyway, there’s another possible angle to the story, IMHO. This might be a way for the unions/employees to force the company into liquidation so that they can buy it out (maybe just the profitable parts). If the Teamsters were one of the primary bidders during the last BK, it’s entirely possible that they (and the bakers’ union) are eying an opportunity to buy the profitable lines at an even lower price than the first BK.

If this isn’t what they’re doing, then I’d agree that the baker’s union members are complete idiots.[/quote]

Well how very nice of them. Let’s destroy the company and take it for ourselves. Essentially, extorting from the owners.

How very vulture capital of them.

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Yea, imagine, you didn’t have to pay rent or a mortgage for a year, or two or more… and you’re still going BK.

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December could be interesting, seeing as the world seems to be a baby step away from three front war in Israel.

A mini-Armageddon could put a damper on holiday sales.

Not sure what a 6 Days repeat would do.

Any serious shellacking of Israel would likely throw the US markets into a panic.

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“The FHA is required to maintain enough cash reserves to cover losses on the mortgages it insures. But in its annual actuarial report to Congress, the agency said a slower-than-anticipated housing market recovery has led its reserves to fall $16.3 billion below anticipated losses.

The FHA’s cash reserves aren’t supposed to drop below 2% of projected losses. They ended the 2012 fiscal year at -1.44%, down from the seriously low level of 0.24% at the end of 2011.”

So $16.3 billion in represents 1.68% of anticipated loses? That would mean anticipated losses are basically $1 Trillion.

“SAN FRANCISCO (MarketWatch) — The Federal Housing Administration has exhausted its capital reserves and is currently running at a deficit of $13.5 billion, The Wall Street Journal reported late Thursday, citing an independent audit. The FHA, which is expected to release the audit on Friday, is the arm of the Department of Housing and Urban Development that insures home mortgages. The audit is expected to show the FHA’s reserves were not enough to cover losses on $1.1 trillion in guaranteed loans, and that the agency will need taxpayer funding for the first time in 78 years, according to the Journal.”

Is that poor writing? Between the two of them do we conclude they’re hold a trillion dollars of loans that are bad?

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Kaiser’s Data Center is in Corona off the 15 south of the 91. Several other DCs are there too.

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No it should not be BG. You, the taxpayer, are being ripped off. You the taxpayer is assuming all the risk.

Colony get’s the reward, if it goes bad, you get the bill.

Sound familiar? Make sense now why the companies are bidding over market right.

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Moreno Valley is remote? Have you seen the bleeping traffic jams on the 60/215 every day?

With a down payment as low as a security deposit on an apartment and a monthly payment at half of what it costs to rent, it’s a no brainer.

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[quote=spdrun]112%? So basically they’re selling off unknown assets with likely a lot of bad apples mixed in at market or above. Hope Mr. Barrack (No-BUM-a?) got a sweetheart interest rate and an enema of Bernanke Bucks as a kiss goodnight.[/quote]

Sigh, it’s actually a sweet heart deal. Basically a NINJA loan with give back provisions.

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[quote=UCGal]But you’ll continue to have voters who have no clue.

Case in point.
http://usnews.nbcnews.com/_news/2012/11/13/15137488-police-arizona-woman-runs-down-husband-with-car-for-not-voting?lite

She clearly didn’t understand that Arizona went for Romney, so one more vote for him wouldn’t have changed things.[/quote]

You know UCGal – I fall into that category myself. And ironically, it was probably on the more important elections than the big ticket items I was well versed on.

Many of the OC city council races, school boards and college districts have ‘winners’ that are making major choices for those area with as little as 6000 votes and often as few as 12K-14K votes.

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For $500 dollar, do you want to deal with your insurance guy or deal with the HOA?

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[quote=Blogstar]I haven’t be following so closely, Allan. My guess is that this all doesn’t go too far beyond the tabloid stuff. Maybe some misappropriation of funds for the “volunteer hostesses”? Any interrogation of Petraeus on Libya will be for show, hand washing and grandstanding purposes.[/quote]

Actually, it goes far beyond the tabloid stuff.

The Petreaus -Kelley thing is likely just tabloid stuff being conveniently used to distract from whatever the real story is…

The media is spun in a frenzy and looking for the cigar moment, meanwhile, what part of Rome is burning?

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[quote=UCGal]
Folks – this is math. You can’t fix the budget with just cuts. You can’t fix the budget with just taxes. The sequestration (fiscal cliff) combines both. I say lets go over that cliff… Yes, I personally will pay more taxes and yes, I personally will see services I enjoy cut. But it’s not nearly as dire as kicking the can forever.[/quote]

Actually, we can fix it with just cuts.

We could fix it with just tax increases too.

We may not like the macro-economic impacts of those two extremes though as it be like a meth-addict going cold turkey. With a trillion dollar of excess spending in a $15 Trillion dollar economy, cutting a trillion will have shock waves. Similarly, taxing a trillion out will have similar shockwaves.

But overall, slashing services, reducing defense, ending the wars, decreasing social security and expiring the Bush/Obama extended tax cuts are all needed.

Or more simply, let the fiscal cliff happen.

Honestly, the fiscal cliff is probably the best compromise solution the congress is going to come up with today. Both sides have what they think is a gun to the other sides head, which probably means it’s pretty good as all the sacred cows are going to get gored.

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