We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
What a mystery it all is, with the info and theories changing hourly, and everybody jumping on the latest to keep the website hits coming.
We'll do the same. Whoever turns out to have guessed it right (ie what happened, and where the airplane is, with coordinates) wins a Maggie's Farm t-shirt (if we have any left).
I think so. I got an article which crossed my desk this morning:
King Digital Entertainment (makers of the Candy Crush Saga mobile game) is planning to launch an IPO valuing $7.56 billion, which is worth more than 15 percent of S&P 500 companies. Each of King's 22.2 million shares would be priced between $21 and $24, and is expected to debut the trading on March 26. Fox Business reports King would command a market value worth more than other major tech companies like AOL, Lions Gate Entertainment and even 2.8 times more than struggling J.C. Penny. Last month, King revealed that its fourth quarter revenue hit $602 million, and $159 million in profits.
It's cheap at the price - roughly a one to one price to (annualized) earnings ratio. However, this is a gaming company, and gaming companies are notorious for their price fluctuations. Very few companies which make standard XBox or Playstation games have remained at reasonable price levels, the competition is fierce and consumer tastes are fickle. Less standard gaming companies, such as Zynga (based almost entirely on Facebook registrations) have suffered mightily after going public.
King Digital has been very profitable, but I've had experience with firms like this. Typically, when they are privately held, they are fast, nimble, and aggressive. When they cash out, they become bloated, lazy and unresponsive. Can they break the mold? Since it's my view the market is artificially overpriced, my guess is this is a stock that will jump quickly and far early in its trading life, and then slip back down as reality hits home.
I can't blame the stakeholders for wanting to cash out, and perhaps this is the best time for them to take what they can get.
On the other hand, maybe investing in really useful stuff like this might be a better option.
The point Obama makes here is valid, but begs a larger question, because it impacts his argument in support of a higher minimum wage.
The caller on this program made $36,000 per year, more than double minimum wage (and likely due to multiple household earners). However, if minimum wage is so low, can people on minimum wage who have cable and a cell phone (and many do) make the same choices? Minimum wage is providing enough for certain 'luxuries' which, in the grand scheme of things, are really just trade-offs for what we consider important in our lives. Obama's response indicates even the most leftish of liberals recognize this.
The discussion on minimum wage is much larger, of course. Most people earning it are not Head of Household, and most live in larger family groups with several earners. Regarding the president's response, however, we exposed to insight on the man's psyche. He realizes that managing your life is a series of choices, some better and some worse. But he's unwilling to allow people to make most of those choices on their own. It must be on his terms. His healthcare, his minimum wage, his regulations must all be in place before you or anyone else is allowed to make the necessary choices needed to run your life.
Me? I'd rather have health care than a cell and cable when my finances are strained. But you may not. Right now, Obama's argument to raise minimum wage is that you shouldn't have to make this choice. But we all make choices, Mr. President. It's how an economy works.
For me, a climate change agnostic, the mocking of climate change is no better than the strident protests that the sky is falling. Charles Krauthammer, hardly a liberal voice, says, "I'm not a global warming believer. I'm not a global warming denier. I've long believed that it cannot be good for humanity to be spewing tons of carbon dioxide into the atmosphere." The last statement is critical because it implies that driving your kids to school in a Hummer is potentially hurting all of us.
The earth is an ecosystem, not an organism. Volcanic eruptions and asteroid collisions have serious consequences on the planet, on species (extinctions, for example), on climate and who knows what else. If the carbon density is a factor leading towards an environmental disaster, and it is a big if, what suffer you to reduce your carbon footprint? Or would you rather be the thirty-five year old who doesn't buy health insurance because "statistically I am at low risk for serious illness." You do the math.
Also, and this is dicey, no one factors the amount of carbon dioxide put into the atmosphere every minute by 7 billion plus people not to mention the bovine methane from the cows contributing to your McDonald's diet. I'm just sayin' . . .
How the Other California Lives - Some of the most productive farm land in the world is going fallow thanks to a man-made water shortage. A long-time grower explains.
Michael Milken: How Housing Policy Hurts the Middle Class - Many buyers decided that the largest-possible house was a better idea than a retirement fund or a child's education.
ABC,
CBS Exclude Scientists Critical of Global Warming for More Than 1,300
Days - See more at:
http://cnsnews.com/mrctv-blog/sean-long/cold-shoulder-abc-cbs-exclude-scientists-critical-global-warming-more-1300-days#sthash.rPBauqoG.dpuf
Obamacare
Architect: 'You Don't Need a Doctor for Every Part of Your Health Care'
- See more at:
http://www.cnsnews.com/news/article/susan-jones/obamacare-architect-you-dont-need-doctor-every-part-your-health-care#sthash.gM5Ydqw3.In2Xnf98.dpuf
Obamacare
Architect: 'You Don't Need a Doctor for Every Part of Your Health Care'
- See more at:
http://www.cnsnews.com/news/article/susan-jones/obamacare-architect-you-dont-need-doctor-every-part-your-health-care#sthash.gM5Ydqw3.In2Xnf98.dpuf
DNC Attendees Can't Name a Single Hillary Accomplishment
- See more at:
http://www.cnsnews.com/mrctv-blog/matt-vespa/dnc-attendees-cant-name-single-hillary-accomplishment#sthash.Ak8dqyDt.tJEEsymu.dpuf
Obamacare
Architect: 'You Don't Need a Doctor for Every Part of Your Health Care'
- See more at:
http://www.cnsnews.com/news/article/susan-jones/obamacare-architect-you-dont-need-doctor-every-part-your-health-care#sthash.gM5Ydqw3.In2Xnf98.dpuf
Obamacare
Architect: 'You Don't Need a Doctor for Every Part of Your Health Care'
- See more at:
http://www.cnsnews.com/news/article/susan-jones/obamacare-architect-you-dont-need-doctor-every-part-your-health-care#sthash.gM5Ydqw3.In2Xnf98.dpuf
Obama has ignored the fundamental collapse of the black American family - ‘My Brother’s Keeper’? How about keeping up with history and getting to the root of the problem?
Breast-feeding Benefits Appear to be Overstated, According to Study of Siblings - Advantages of women who choose breast-feeding likely bias findings in previous research
George W. Bush famously told Colin Powell, his secretary of state, that he thought the Russian leader was religious. “Powell, I looked into Putin’s eyes and I saw his soul.” To which Powell replied: “Mr. President, I looked into President Putin’s eyes and I saw the KGB.”
Here’s the Kremlin’s summary of the call. In a nutshell: a) The U.S. wanted the call so Putin took it. b) Nothing Obama said to Putin was particularly worth noting. c) Putin explicitly told Obama he reserves the right to move further into Ukraine.
Smart diplomacy at work. Putin is surely quaking in his boots.
Russia is a crappy country full of poor drunks run by KGB thugs. It just happens to produce the most beautiful women in the world - until they turn 35. The Ukraine is another crappy country run by thugs. Should I - or Obama - really care what these people do? I can find no reason to care, but I do feel for all of the people in the world who are living in crappy places with crappy and corrupt governments with delusions of grandeur. It's the norm in the world.
University
of Iowa president apologizes to precious snowflakes for mentioning
reality - See more at:
http://proteinwisdom.com/?p=52818#sthash.tqq6n1mf.dpuf