A UBS report on Schnitzer Steel Industries dated 4/3/09 issues a sell recommendation with the company selling at $35.58 per share. On 5/29/09, less than two months later Schnitzer was selling at $54.54 per share – a gain of 53%.
“Private acts of charity or innovation that might actually make the world better are of little interest to the world improvers. They propose a ban on world hunger- without planting a single turnip. They take up the cause of freedom
The opposition party can not seem to decide whether to become more hard core conservative (and they need to CLEARLY define what that means) or more like their competition, which is a form of surrender or defeat. But another alternative
“If you put $10,000 into the stocks of companies with the highest paid CEO’s in the previous years from 1991 to December of 2004 you would have ended up with only $8,079, while the same money invested on the S&P
Dennis Miller noted that he did not mid helping the helpless but he did object to being forced to help the clueless. Who should be helped in America? The poorest 5%? The poorest 10%? 20%? When over 50% are drawing
From American Thinker May 04, 2009 May 04, 2009The Top Ten Reasons Obamanomics Won’t WorkBy Mikiel de Bary read the entire article here excerpts 10. The Obama economic team really does not know how we got into this mess. For
McLaughlin & Associates American Voters Fear Iran and Terror Threats With today’s headlines about terror arrests in New York and Iran’s missile launch, the results of our recently taken current national poll are extremely important: · Nine in ten voters
IN the Boston Globe Jeff Jacoby thinks through the economics of fuel economy. When gas was cheap environmentalists wanted expensive gas to encourage less driving or more fuel efficient technologies. Instead of cheering $4 gas, however, they cursed oil companies.
Why did the Canadian banks fare so much better than their American cousins? 1. There was no Community Reinvestment Act to compel loans to crappy borrowers.2. There is no Fannie Mae or Freddie Mac pushing “affordable housing by guaranteeing high
Mark Steyn in ImprimisLive Free or Dieread entire article here excerpts If you’re a business, when government gives you 2% of your income, it has a veto on 100% of what you do. If you’re an individual, the impact is
Trying to find intelligent discourse in politics is harder than understanding the derivative exposure in your 401k money market fund. The proliferation of news channels, talk radio, blogs, and twitters have served to obscure rather than illuminate; close rather than
It is the duty of government to say ‘no’ to worthwhile programs they can not afford. Change is easy; choice is hard. It is the tendency of government to bestow benefits without paying for them. Government can deliver any benefit
We are in an unusual economic situation. We have deflation because of falling commodity prices and rising unemployment. Many companies have instituted across the board pay cuts. The credit contraction is also very deflationary. In an economy built on credit,
The danger posed when the rights and liberties of the opposition are assaulted, is that oppositions change and that assault will eventually be applied to you. The same is true when political power is bestowed disproportionately to the party in