Posted by admin! / Under Capital Equity Partners
Obama's poorly coded message to investors is to take your money out of America and keep it out. Whether through excessive taxation, suffocating over-regulation, or thuggish confiscation, the lesson to be drawn by anyone with excess capital is to look for friendlier places to put it to work. The list of friendlier places excludes North Korea, Venezuela, and Iran for the time being, but almost everywhere else qualifies. Russia's president spent several days in Silicon Valley recently looking for adventurous investors and came away with a $1B commitment from Cisco Systems. For Cisco, sitting on a cash hoard of...
Published on Saturday 4th of September 2010 05:22:07 AM
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Posted by admin! / Under Capital Equity Partners
Capital controls should be considered in future May 28, 2010 Korea is considering measures to regulate capital flows as part of a broader international effort, the head of the Financial Supervisory Service said yesterday. Kim Jong-chang, the FSS governor, told foreign correspondents at the Bankers Club in Jung District, central Seoul, that “we are mulling whether to impose regulations on the inflows and outflows of foreign capital.” Government officials have been raising the issue of capital controls in recent weeks in reaction to the global financial turmoil resulting from the European sovereign debt crisis, which has caused massive selling by...
Published on Saturday 4th of September 2010 05:22:07 AM
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Posted by admin! / Under Capital Equity Partners
Joe Biden’s May 6 speech to the European Parliament appears to have been largely ignored by the American media, both old and new. The full performance can be viewed below. The video comes complete with images (at 0:18 of the clip) of Biden puffing out his chest as Beethoven’s “Ode to Joy,” the unofficial EU anthem, is played. ----click on link for amazing video and analysis
Published on Saturday 4th of September 2010 05:22:07 AM
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Posted by admin! / Under Capital Equity Partners
As Joe Biden gaffes go, this one’s a …medium. Biden saluted Brussels, Belgium in the opening of his address to the European Parliament with the traditional, obsequious praise all speakers offer to another country when addressing their legislatures — well, almost all, anyway. However, as Biden is wont to do, he goes overboard, and in the process denigrates his peers in the American political system and his own country:
Published on Saturday 4th of September 2010 05:22:07 AM
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Posted by admin! / Under Capital Equity Partners
Even though we refer to Washington, D.C. as the capital of the free world, Vice President Joe Biden suggested Brussels – in Belgium – may well have claim to that title. But would Brussels still exist as a capital for not the allied forces in World War I and World War II? Read the full post including Biden's remarks on video...
Published on Saturday 4th of September 2010 05:22:07 AM
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Posted by admin! / Under Capital Equity Partners
Mitt Romney's boyhood home, which sold for $645,000 as recently as 2002, is in the news: It's slated for demolition this summer. This fine old house, situated in a once-vibrant upper-middle-class neighborhood of Detroit, is one of 10,000 homes and other buildings that Detroit intends to knock down as soon as possible. The city fathers have decided to accept the city's continued decline as unalterable fact, and since the current economic environment cannot fill those 10,000 homes with eager buyers, they assume that the future economic environment won't, either. So they may as well just knock them all down...
Published on Saturday 4th of September 2010 05:22:07 AM
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Posted by admin! / Under Capital Equity Partners
Michael Lewitt has an interesting new book out, called "The Death of Capital". In it, Lewitt attacks speculative investment activities such as private equity buyouts. He notes that such speculation "has been a prime abuser of capital as it has diverted an inordinate amount of capital into unproductive uses while producing (at best) mediocre returns and charging unjustifiably exorbitant fees." He also cites naked credit default swaps, leveraged buyouts and quantitative stock trading strategies as cases where capital has been channeled into unproductive use. Surveying the base metals this week, his point is driven home. The aluminum price ticked up...
Published on Saturday 4th of September 2010 05:22:07 AM
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Posted by admin! / Under Capital Equity Partners
TRIPOLI: An eight-year-old Dutch boy was the sole survivor when a Libyan plane arriving from South Africa exploded on landing at Tripoli airport on Wednesday, killing more than 100 people, officials said. Afriqiyah Airways listed 93 passengers and 11 crew members on board its flight 8U771 from Johannesburg. "I can confirm the crash but not the number of the dead," said Bongani Sithole, an official of the airline at Johannesburg airport. "We hear that it happened one metre (yard) away from the runway." A Libyan security official earlier said that all those on board the Airbus A330 had died but...
Published on Saturday 4th of September 2010 05:22:07 AM
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Posted by admin! / Under Capital Equity Partners
It couldn't have happened to a nicer country. On March 18, with very little pomp and circumstance, president Obama passed the most recent stimulus act, the $17.5 billion Hiring Incentives to Restore Employment Act (H.R. 2487), brilliantly goalseeked by the administration's millionaire cronies to abbreviate as HIRE. As it was merely the latest in an endless stream of acts destined to expand the government payroll to infinity, nobody cared about it, or actually read it. Because if anyone had read it, the act would have been known as the Capital Controls Act, as one of the lesser, but infinitely more...
Published on Saturday 4th of September 2010 05:22:07 AM
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Posted by admin! / Under Capital Equity Partners
It couldn't have happened to a nicer country. On March 18, with very little pomp and circumstance, president Obama passed the most recent stimulus act, the $17.5 billion Hiring Incentives to Restore Employment Act (H.R. 2487), brilliantly goalseeked by the administration's millionaire cronies to abbreviate as HIRE. As it was merely the latest in an endless stream of acts destined to expand the government payroll to infinity, nobody cared about it, or actually read it. Because if anyone had read it, the act would have been known as the Capital Controls Act, as one of the lesser, but infinitely more...
Published on Saturday 4th of September 2010 05:22:07 AM
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