[SK in CV]

[quote=Paul0373]Very interesting movie and worth seeing if you’re interested in learning more about President Obama and the people, places and events that shaped his world view.[/quote]

If you came away from the movie, believing that it is provides evidence that Obama is somehow devoted to, and attempting to emulate his father, then you should probably throw that idea out. The evidence for that is pretty flimsy.

[SK in CV]

[quote=livinincali]
I can’t wait until this action fails and the Keynesians claim unlimited bond purchases wasn’t big enough.[/quote]

This is not a “keynesian” move. You’ll have to find someone else to blame if it fails.

[SK in CV]

[quote=urbanrealtor][quote=Brutus]Wow. Borrowing Other People’s Money to make money… Sounds kind of like most real estate buyers in America.

But of course, I would NEVER do that![/quote]

And that’s the question of where to draw the line.

Without the ability to secure large amounts of consumer debt (granted much of it is collateralized), economic development takes a huge step back.

This is the same problem with the arguments against fractional interest banking.

Primitive economies are…well…primitive.

Not a lot of consumer debt in Oaxaca or rural Michoacan.

Heavily leveraged economies tend to do well (eg: the US after WWII) but it requires proper risk management.

Dysfunctionally leveraged actors can shrink a whole economic ecosystem (as with the US in 2008 or with the US in 1913 or with the EU today) if they exist in sufficient numbers.

http://www.youtube.com/watch?v=r0HX4a5P8eE%5B/quote%5D

That’s a great comment. It’s not black and white. All debt bad or all debt good. Neither is true.

[SK in CV]

[quote=briansd1]I know, sk.

Whereas LBO was the general name in the 80’s, private equity is what it’s generally all called now.

[/quote]

No Brian. While the press has given all kinds of names to the type of investment that Bain does and did, LBO and private equity have never been interchangable. They are not now, or have they ever been the same thing. Public companies do leveraged buyouts with no private equity. Private equity can include zero leverage. Bain has done leveraged buyouts, and they’ve also done private equity deals that didn’t include leverage.

[SK in CV]

[quote=briansd1]”Private Equity” used to be called “Leverage Buyout.” It’s all about debt and using other people’s money, not your own equity.

They changed the name back in the 80s because of all the scandals. “Private equity” sounds so harmless.[/quote]

No Brian. There has always been private equity. There has always been leveraged buyouts. The two are not the same, however leveraged buyouts sometimes use private equity. Private equity is not always leveraged. Facebook, for instance, raised a lot of private equity prior to it’s IPO. None of it was leveraged. Bain did it both ways.

[SK in CV]

[quote=Brutus]Corporate profit margins? Do you mean Government Motors? Chrysler?

No true capitalist really wants the gov to bail out corporations that can’t manage their affairs.[/quote]

You mean like when the government bailed out Bain Capital?

http://www.thedailybeast.com/cheats/2012/08/29/feds-bailed-out-bain-co.html

just askin.

[SK in CV]

[quote=briansd1]
Nowadays, everybody has an SUV or a luxury car.[/quote]

SUV’s have a highly efficient form factor for many people’s lifestyle. As do minivans. Like sedans and trucks, some are expensive, and some not so expensive. Why would you even mention them in the same sentence as luxury cars?

[SK in CV]

Don’t sign the documents until they’re reviewed.

[SK in CV]

[quote=spdrun]Voltage is the same. They just draw less current. Kind of like you don’t need a different transformer for a 100W and a 20W lamp, both plugged into 120V mains outlets.[/quote]

Thanks, makes sense.

[SK in CV]

[quote=flu]

These things are 2.5″ and are for laptops with SATA. Though you can buy adapters/kits to have them mounted inside a desktop. Still too expensive for using as a permanent backup solution. I mainly need them for compiling operating systems quickly.. For folks that do a lot of pro-video, imaging, it also helps for working on media… I wouldn’t use it to permanently save data though.That’s what a Raid 5 disk or cloud storage is for.

Power-wise…Should consume less power…no spinning parts no motor. I’m using a quad core mac mini for all my development, so having two ssd in a stripe raid would be nice…[/quote]

Ok, for a non-geek trying to understand geeky stuff, they need some power, right? And the original power connection is way more than they need, so do they have a built in step down transfomer so they don’t get fried? Don’t need it for some reason?

[SK in CV]

I haven’t looked at them for more than a year. Can you do that? Are interfaces compatible? No issues with power supply? Fair to presume you’re talking about replacing in a desktop. Are form factors available for older laptops? (I’m guessing those would still be very pricy, if available?)

Prices on these things should be down a lot further by now.

[SK in CV]

[quote=mike92104]
Ideological orthodoxy such as “The rich don’t pay their fair share”? You and Harvy have been yammering on about that for weeks now without ever bothering to admit that the real problem is the spending that has been out of control for decades, and has ramped up considerably since 2008. The two of you have absolutely no flexibility unless Obama tells you to.[/quote]

That’s not exactly true. Spending ramped up considerably in the fiscal year beginning in 2008. But since then, it has remained at elevated levels, but the rate of increase is the lowest in the last 5 administrations, save for the Clinton administration.

[SK in CV]

[quote=bearishgurl][quote=SK in CV]Thanks BG, that all makes sense. But how does putting a credit freeze on a minors SS number help any of this, other than eliminating stolen identity for a debt that would be unenforcable anyway? I’m not dismissing that as a valid reason to do it. That by itself would be a huge hassle. Is that something that is commonly done for adults? The credit freeze? I monitor my reports, to make sure there aren’t any new accounts that i didn’t apply for, but I don’t have a freeze on.[/quote]

When a person is trying to use a minor’s stolen SSN to obtain credit and the lender can’t get into the report because it is frozen, they will ask the imposter to “unfreeze” the account before credit is considered. Since the vast majority of credit reports are “frozen” due to one or more “fraud alerts” (because the acct-holder’s identity had been compromised in some way), the repository is not going to “unfreeze” it without the password of the actual acct holder. If the imposter doesn’t have that, they will have to go thru snail mail to unfreeze it (and may possibly have to be notarized). All I can say is they better be using the actual acct-holder’s address if they are going to attempt this.

In the short run, credit will not be granted in the minor’s name.

Unfortunately, if a lender runs a SSN, the only info they are likely to get is that that particular SSN was issued in a particular state. They will NOT know HOW LONG AGO the SSN was issued so will NOT realize that the SSN actually belongs to a minor.

For some states (incl CA), I know in my head which states certain SSN prefixes originate from and approx how long ago they were issued. But this knowledge comes from a l-o-o-o-ng practical experience working with SSNs on almost a daily basis. A lender, finance or CC company would really have no way of knowing this. Thus, I’m sure credit is (erroneously) extended to individuals using a minor’s SSN. In any case, this individual using the fraudulent identity to open credit has no intention of paying it back, anyway, whether or not the “loan terms” are enforceable.[/quote]

Do you have a freeze on all your reports for this kind of protection? So doing it for a minor would all be related to identity theft?

[SK in CV]

Thanks BG, that all makes sense. But how does putting a credit freeze on a minors SS number help any of this, other than eliminating stolen identity for a debt that would be unenforcable anyway? I’m not dismissing that as a valid reason to do it. That by itself would be a huge hassle. Is that something that is commonly done for adults? The credit freeze? I monitor my reports, to make sure there aren’t any new accounts that i didn’t apply for, but I don’t have a freeze on.

[SK in CV]

[quote=desmond]flu,
saw this on a fb board, is it correct?

“All FB employees that had vested RSUs will have to pay taxes on a $38 dollar gain based on the IPO price. They will be taxed at ordinary income levels, which means 45% (state and federal)

Stock price below $19 means that they have to sell ALL their shares to pay the taxes. That is mandatory.

On November 2012, when lockout is removed, you will have employees owing more in taxes than their shares are worth. FB will have to compensate them in some way. This will get very ugly”[/quote]

It’s unlikely to be accurate. RSU’s are typically not taxable to employees until fully vested. As a practical matter, vesting would require the release of the rights to sell or control the stock, which would be the november date. So they’ll be taxable to the employees at the FMV as of the Nov. date. (this is NOT the same as stock options, which may have a value at date of grant.)

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