The Bain of Newt’s Existence

Truth is, not all companies, not all business ideas, can make it on their own.  It’s easy to say that a good idea will automatically lead to a successful business. But it’s a lie. Apple did not become Apple without investors.  Sure, there are some examples of businesses that flourished without financial help.  But not…

Generation Conflicted

In the tech world, I meet a lot of brilliant, ambitious, hardworking entrepreneurs. These folks are committed to their dreams, working 100+ hour weeks, and paying themselves as little as possible. They stretch investors’ dollars to the limit and hunt for more VC to make dreams come true. They want to create jobs and better…

8,000 Dow? *UPDATE*

So says Yale economist Nouriel Roubini in an interview today on CNBC. “There are some parts of the global economy that are now at the risk of a double-dip recession,” said Roubini, head of Roubini Global Economics. “From here on I see things getting worse.” Roubini’s comments came in response to a 376 point drop…

Edward Whitacre Jr. Lies **Update: NYT Agrees**

No, General Motors did not pay back its debt to taxpayers. Edward Whitacre is a liar. Instead, Whitacre paid the Visa bill with his MasterCard.  But both cards were issued by the same bank.  So you, the banker, are still on the hook for the full amount. Now we know why Obama hand-picked Ed Whitacre…

If The Post Office Built Cars

Some good people work at the Post Orifice.  I know several.  One of my dad’s best friends and WWII paratrooper retired from the Post Orifice.  He was a great guy and good friend to my parents.  On the other hand, the United States Postal Service is among the incompetent, bureaucratic, broken down, 19th century, poorly…

A Bunch of Hooey

The silliness of companies knows no bounds. The latest act of corporate stupidity comes from the computer maker Dell. In its attempt to become the "greenest technology company on the planet," Dell made much of achieving some farcically theoretical "carbon-neutral" status.  But, like everything associated with AGW, there’s really no so thing.  WSJ points out…

Predictions for 2009

After a 2 year hiatus from annual predictions, here’s what I see happening in the precarious Year of our Lord Two-thousand nine: The Dow:  The Dow trades within a range of 1,000 points with a daily average closing of 8,500. GDP and Economy:  By July, everyone pretty much calls the situation "Great Depression II."  Unemployment,…