Sunday, January 31, 2016

It is not another debate. Nor is it a hedge fund. What could it be?

It may look like it but, no, it's not another presidential debate.

Nor is it a hedge fund taking a position in a company.



Instead, a bigger shark eats a smaller shark in an aquarium in Korea. 

When the big one is done it will regurgitate the 'meal.'   It will be interesting to see what that looks like.  Maybe it's just politics, or business, and we simply have another way of looking at life.   PB

Thursday, January 28, 2016

New Stagflation: more evidence of less startups, less job growth - but certainly More Government 16 Years into George W. Obama World

Where is the dynamism?

Same Old, Same Old rumbles down the line, 
but new company formation lags far, far behind.

Far from a visible leap ahead, new jobs from startups creep behind.

This is the New Stagflation.  Courtesy of George W. Obama.

Little Guys keep getting hurt and left behind.  And the Big Guys - including Big Gov, Big Biz, Big Labor, Big Media, Big Tech, Big Deals, Big Parties - make the rounds at the banquet tables.  Hmmm....

Where's Gerald Ford when you need him?

Maybe he and Jimmy C have been with us for sixteen years.  How does that possibly change with the presidential options before us?  P
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From the Real Time Economics Blog at WSJ.com:

America’s entrepreneurs still hadn’t regained their footing six years after the recession ended, a troubling sign for an economy that once counted on fast-growing startups for employment and ideas.

A new report by the Labor Department shows 232,000 establishment “births” [Start Up companies] in the second quarter of 2015, a slight decline from the prior quarter. Those accounted for 831,000 jobs.

As a share of the overall labor market, the number of jobs attributed to such births has fallen noticeably since before the recession, from about 12.5% of the total to a little more than 11%.

Commerce Department data, which isn’t as current but reaches back to the 1970s, shows the trend stretching back decades...

But the apparent loss of dynamism—the decline of startups—has been a puzzle for economists and a potential roadblock for economic growth.

The creation and destruction of companies and jobs should, at least in theory, make way for new technology and innovation, allow people to better match their skills to openings and boost productivity...
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Link: http://blogs.wsj.com/economics/2016/01/27/the-missing-startup-recovery/

Thursday, January 21, 2016

Shooting Back Can Save Innocent Lives

Throw me a pistol...so I can arm myself and shoot back at these terrorists.

That's what some teachers said in Pakistan when evil terrorists went on a murderous rampage of hate inside their school building filled with innocent students.

Shooting back?  Lives were saved because of that.   PB
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From Reuters.com:

Stuck with 15 of his students on a third floor balcony of a campus building as gunmen came up the stairs, university director Mohammad Shakil urged Pakistani police arriving at the scene to toss him up a gun so he could shoot back.

"We were hiding ... but were unarmed," Shakil told Reuters, speaking after four Islamist militants attacked Bacha Khan University in Pakistan's troubled northwest on Wednesday, killing more than 20 people.

"I was worried about the students, and then one of the militants came after us," Shakil added. "After repeated requests, the police threw me a pistol and I fired some shots at the terrorists."

As more details of Wednesday's assault emerged, attention focused on at least two members of staff who took up arms to resist attackers bent on killing them and their students.

Some hailed them as heroes, as the country digested an attack which bore similarities to the massacre, in late 2014, of 134 pupils at an army-run school in Peshawar, about 30 km (19 miles) from where this week's violence occurred.

Others questioned whether teachers should be armed, as many are, because it goes against the ideals of the profession.

Such a dilemma may have been far from the mind of chemistry professor Hamid Hussain, as he locked himself inside a room with colleagues after gunmen stormed an accommodation block on the university campus.

When the assailants broke down the door, Hussain fired several rounds from his pistol, according to Shabir Ahmad Khan, an English department lecturer taking cover in an adjacent washroom.

"They carried on heavy shooting and I was preparing myself for death, but then they did not enter the washroom and left," Khan recalled.

Later on in the same building, Hussain fired again at the militants to allow some of his students to get away, surviving pupils told local media.

Hussain was subsequently shot and later died from his wounds.

"Kudos to professor Dr Hamid Hussain. Our hero fought bravely n saved many," Asma Shirazi, a popular talk show host, said on Twitter.

Others, too, have credited the actions of Hussain and Shakil with helping to prevent the gunmen, armed with assault rifles and hand grenades, from spilling more blood.

Bacha Khan University also employed around 50 of its own guards who, witnesses said, fought for close to an hour to keep the gunmen isolated and prevent them from entering the girl's hostel as the police and army arrived.

Pakistan army spokesman General Asim Bajwa said the security guards responded "very well" to the attack before reinforcements reached them...
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Link: http://www.reuters.com/article/us-pakistan-attacks-idUSKCN0UZ232

Friday, January 15, 2016

Code Red: Wall Street Hemorrhages

More to come.  More to drop.    PB
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From Reuters.com:


Wall Street bled on Friday, with the S&P 500 sinking to its lowest since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China.

Pain was dealt widely, with the day's trading volume unusually high and more than a fifth of S&P 500 stocks touching 52-week lows.

The major S&P sectors all ended sharply lower. The Russell 2000 small-cap index dropped as much as 3.5 percent to its lowest since July 2013.

The energy sector dropped 2.87 percent as oil prices fell 6.5 percent, in part due to fears of slow economic growth in China, where major stock indexes also slumped overnight.

The energy sector has lost nearly half its value after hitting record highs in late 2014...
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Link: http://www.reuters.com/article/us-usa-stocks-idUSKCN0UT1DA

Thursday, January 7, 2016

Global Stocks Plunge: Made in China!

From the Wall Street Journal online:

Steep falls in Chinese equities pummeled global markets on Thursday, as widening concerns over the world’s No. 2 economy pushed investors out of shares, oil and metals.

The selloff came after the People’s Bank of China made its largest downward adjustment to the yuan since August, a move that sent the country’s stock market down over 7% amid concerns about capital flight from the Asian giant...

China’s stock markets stopped trading after only 30 minutes, ending the shortest trading day in their history after a newly installed mechanism to limit volatility was triggered for the second time this week...
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Link: http://www.wsj.com/articles/global-stocks-fall-on-china-volatility-1452156855

Wednesday, January 6, 2016

North Korea said it successfully tested a miniaturized hydrogen nuclear bomb



And Happy New Year to you, too!

Acting crazy, being unpredictable, and claiming great capacity to inflict great harm seems to work for North Korea.  The world has dangerous neighborhoods as much as big cities do.  PB
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From Reuters.com:

North Korea says it successfully conducts H-bomb test

North Korea said it successfully tested a miniaturized hydrogen nuclear bomb on Wednesday, claiming a significant advance in its strike capability and setting off alarm bells in Japan and South Korea.

The test, the fourth time the isolated state has exploded a nuclear device, was ordered by young leader Kim Jong Un and successfully conducted at 10:00 a.m. local time (0130 GMT), North Korea's official KCNA news agency said.

"Let the world look up to the strong, self-reliant nuclear-armed state," Kim wrote in what North Korean state TV displayed as a handwritten note.

South Korean intelligence officials and several analysts questioned whether Wednesday's explosion was indeed a full-fledged test of a hydrogen device.

But the reported nuclear test drew condemnation abroad, including from China and Russia, North Korea's two main allies.

China expressed "resolute opposition" and said it would lodge a protest with Pyongyang.

No countries were given advance warning of a nuclear test, South Korea's intelligence service said, according to lawmakers briefed by intelligence officials...
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Link: http://www.reuters.com/article/us-northkorea-nuclear-idUSKBN0UK0G420160106