Intel Business Deteriorates Rapidly
Submitted by
CalculatedRisk on Wed, 01/07/2009 - 6:49am (555 comments)
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The word you are looking for is "bottoming".
A chip off the old block?
But they'll make up for it in volume.
Idea for graphic: Scarily plunging chart with floating label "Intel Inside"
The word you are looking for is "bottoming".
Nemo | Homepage | 01.07.09 - 10:04 am | #
Nemo! Such a kidder...
Top 'o 'da list! (almost)
ever been a better time to buy and sell microprocessors.
time for a microprocessor czar.
Thing is .. Intel's business has been deteriorating for well over a year.
I'm in the market for a i7 965E. Already finding them under $1000.
New gaming rig is gonna SMOKE!
Really actually, the components I'm buying make EZ-Bake ovens look like refrigeration units.
Nostrovia,
Banks may need to raise fresh capital in '09: Meredith Whitney
"may need" now that's an understatement
Banks may need to raise fresh capital in '09: Whitney
| Reuters
eco writes:
Banks may need to raise fresh capital in '09: Meredith Whitney
"may need" now that's an understatement
What's the matter--'Uncle Henry' gonna leave and take his deep pockets to Bermuda?
--
One of the TV people reported that the decline in demand is worse than during the tech bubble burst.
Demand Destruction is where CR and most others have had big blinders on.
The Greater Depression in the US has begun but would not be confirmed until 2010, or 2011.
Jas
ADP...693...poof!
Misean,
You going to dig up one of those old refrigeration rigs - one of the earliest 1 Ghz machines was overclocked with a liquid circulation cooling system IIRC - you will draw the mostest triangles faster than anyone!
ADP...693k
never been a better time to upgrade online unemployment processing.
can't draw a tinfoil hat without triangles
--
Erin "Big Mouth" Burnett talked to Ramalinga (Lord, or god, Rama' penis!) Raju of "Satyam" and he told her that everything was fine.
Jas
No worries; Obama is speaking in five minutes. Dow +500 easily.
P.S. Could someone please tell the Gen-Y "journalists" at CNBC that "presser" is not a word?
All of this bad news will be but an amusing memory on 7/1 when the second half recovery arrives. Already, now that 2008 is over I feel an evil spell has been lifted and things can only get better.
Obama about to have press conference -- in the past few days everytime he has come on TV the market ticks down --
OT- There is a bright side to this economic collapse: liquidation of high inventory.
I have a mild addition to buying books. When I hear that Borders might go bankrupt, I think "Maybe they'll have a sale with everything 90% off.
Everyone has their mild addition of this kind. It could be music, software, knicknacks, tools, etc.
The key is the size of the inventory. If the invetory is big --- but not "holy crap!" big --- the liquidation won't be as desperate. The company might score a deal to sell everything to another company.
I expected the '90% off' sales lates last year. Now I'm expecting them in 2009.
Intel should switch to making govt potato chips to feed the hungry.
press conference about new secty of commerce?
Re: Ramalinga
Penis translation is a bit of a myth.
Ramalinga only made up like a billion dollars. That's a rounding error by U.S. standards...
Monsanto up big.
must be a seed bubble.
Intel, long term, should probably hope that the downturn crushes AMD. Good for Intel, but ultimately bad for the world.
"BTW, I am short, naked....
Jas
Jas Jain | Homepage | 01.06.09 - 6:14 pm | # "
Man I wish I didn't know that
"President-elect due to speak on economy and budget; set to say that his massive economic stimulus package will be followed up with long-term fiscal discipline."
Bwahahahahahaha
Just one more hit of smack and I'll go clean, I promise. BTW I lifted a tenner outta yer handbag mommy.
Gas Crisis in Europe Escalates
BBC NEWS | Europe | Dispute hits Europe gas supplies
Heat is off in some countries, with a temperature of -10 C!
xxxxx
No surprise, is it? But he compensates.
FDIC To Go Bankrupt in 2009? « LewRockwell.com Blog
FDIC To Go Bankrupt in 2009?
"Gas Crisis in Europe Escalates"
No matter how bad the US seems to screw the world over, Putin manages to make Russia come off even worse. What a talent.
Americans, by nature are an optimistic bunch. Even in tough times, there is something to be optimistic about. That is probably the only reasonable explanation for the findings of this survey conducted by Glassdoor, a Sausalito, Calif.-based start-up that ranks employers by taking anonymous feedback from the employees.
Despite the dismal global economy, and wide spread layoffs and rising unemployment, 61 percent of surveyed employees are not be willing to take a pay cut if they discovered their job was in jeopardy. A whopping 40 percent expect a pay raise in the next 12 months, despite job cuts at their employer. Of those eligible for an annual bonus, 57 percent expect a bonus and 40 percent do not expect a bonus
Most amusing part four out of five employed adults say they are not concerned about being laid off from their job in the next six months. One in five employees, are concerned they will be laid off during the same period.
Perhaps the pessimistic 20 percent are reading the news.
To the optimistic 80% - enjoy what you're smoking for now
--
Lignum, or linga, means penis or phallic symbol to the best of my knowledge. The most famous, and worshiped, is Shiva Lingum. Lord Shiva would have frequent wild sex with Parvathi in the skies. Once, the come fell on the earth and thus mercury came into existence.
Jas
Misean, you ever check out GameRevolution.com?
ham_lines writes:
Monsanto up big.
GMO tulips
That's not just a miss, that's an air-ball.
Putin manages to make Russia come off even worse. What a talent.
wally | 01.07.09 - 10:29 am | #
Bear in mind, you ARE reading the english language press. I'm not sure how much of that talent is Putin's.
but my Bay Area acquaintances assure me that I don't understand this stuff... and that the Bay Area is the mecca of tech and of innovation, and thus there is nothing to worry about.
This is not surprising. On the federal-side we are deploying a large number of Vmware solutions which consolidate much of the older systems onto a virtual platform. The advent of the 4 socket quad core processor machines that handle up to 256 GB of memory means we are collapsing entire computing infrastructures into half a dozen physical machines, usually leveraging the same SAN & network infrastructure. The point is that instead of hardware refresh at a 1-to-1 once these systems approach end-of-life, we're purchasing a 4 to 24 machines and collapsing 100s to 1000s of phsyical machines into these newly acquired boxes.
6 core & 8 cores will only continue this trend.
Time to start the trend of stand-alone servers and write applications that can't be on virtualized platforms.
--bh
--
"Americans, by nature are an optimistic bunch."
km4,
It has lot to do with propaganda so that Americans will keep on spending and not resort to caution.
Jas
61 percent of surveyed employees are not be willing to take a pay cut if they discovered their job was in jeopardy. A whopping 40 percent expect a pay raise in the next 12 months, despite job cuts at their employer. Of those eligible for an annual bonus, 57 percent expect a bonus and 40 percent do not expect a bonus
perhaps they're all employees of financial companies getting bailouts. retention bonuses you know.
--
Oil inventories keep skyrocketing.
Demand Destruction!
Jas
Remember the poster a few weeks ago, mimi I think it was? She was getting ready to buy a house in the area because the industry was bullet proof or some such nonsense...doh.
Yearning to learn,
The same surveyed believe their houses value also increased 20% YOY.
Their bonuses will be on pink-slips and will also be known as a Severance-Packages.
However, I suspect that another year of this and the severance package will be seen as passe much the same as pensions and good government were of days of yore and yesteryear.
Umm, Mr. President, how much are we paying for your children to attend that elite private school in Washington D.D.?
FFDIC-
Pretty obvious that is going to happen. Rate of official bank failures is nowhere near actual reality. It was "hair-Bair's' job to keep this under wraps throughout last year. Running out of time though.
Ciao
MS
Was in Costco yesterday, they had three desktop and two laptop Gateway models all with manufacturer 2 year warrenties. I informed the computer set-up guy that Gateway was out of business, he didn't know, and said he would let the manager know.
How did the TARP Bowl turn out last night? Did Feinberg travel to Mobile to attend the game?
...the PC supply chain is aggressively reducing component inventories.
Gee why do you think that might be? Afraid of currency disruptions? Fear of deflation? The huge drop in dollar volume suggests to me that it is the high end, business and discretionary bleeding-edge consumer products that are suffering most. We might just be seeing a natural plateau in the product cycle as well. Insult to injury if you will.
Gary, energy,
"Misean, you ever check out GameRevolution.com?"
Yep.
Energy...gonna using hybrid water cooling. Only debate is one or two ATI 4870x2's. Oh, and 1 or two velociraptor HDDs.
6 Gigs corsair dominator...
Wait...gotta stop drooling...
Nostrovia,
Rob Dawg made a key point: Dollar value.
All those components are not made here, but "over-there". Weak dollar not so good for a business which relies upon Asian chip/system board makers. And low demand to add boot-to-groin, I mean insult to injury.
OT
Deceit ain't just where you place da bum
By Krishna Guha
Financial Times
Published: January 7 2009 02:00
Support is building within the Federal Reserve for a move to establish a de facto inflation target in order to shore up inflation expectations and reduce the risk of deflation.
A growing number of top Fed officials, including longtime sceptics, are coming round to the idea that an explicit numerical inflation objective would be a valuable bulwark against a shift towards expectations of price declines.
Stating an inflation objective would take the US central bank closer to central banks such as the Bank of England and the European Central Bank that have formal targets.
Minutes from the December Fed policy meeting, released yesterday, say officials discussed providing "a more explicit indication of their views on what longer-run inflation rate would best promote their goals".
The minutes say: "Added clarity in that regard might help forestall the development of expectations that inflation would decline below desired levels and hence keep real rates low and support aggregate demand."
Senior Fed officials believe the subject will need to be debated further as a priority in the weeks and months ahead.
(This will undoubtedly be presented as a new initiative. To suggest anything to the contrary would imply that the Federales have been deceitful with previous policy announcements. Why if folks actually confessed that our leaders have tried to inflate their way out of the business cycle for years then blame for our current situation might be appropriately apportioned by the slavish MSM. -AM)
By Jim Grant
Grant's Interest Rate Observer
December 2, 2005
Former Fed governor Laurence H. Meyer, in a 2003 talk at the Federal Reserve Bank of St. Louis, described a telltale exchange on the subject of how to define[price/financial] stability. The scene was Meyer's first FOMC meeting, in July 1996, and governor Janet Yellen was making the case for inflation targeting; she said she would aim for 2%. Greenspan replied that the Federal Reserve had a mandate to foster stable prices, not rising ones. To which Yellen rejoined that the Fed also had a mandate to promote full employment. To hear her tell it, a small positive rate of currency depreciation is a necessary lubricant for economic growth (not so, according to a survey of 133 economists over 50 years, produced in 2002 by Stanley Fischer et al.)
"Janet then seized the initiative", Meyer related,"asking the chairman how he would define price stability. Greenspan tried to get away with his vague definition; 'Price stability is the state in which expected changes in the general price level do not effectively alter business or household decisions.' But Yellen pressed him and asked him if he could put a number on that. Remarkably, the chairman agreed, and said he preferred zeero inflation, correctly measured. Janet asked him if he could settle for 2% incorrectly measured."
Meyer finished his story;
During a go-around on the topic, only a few Committee members preferred a target of zero, and the consensus was very strong for a 2% target. The chairman ended up summarizing the discussions 'an agreement for 2%' but he cautioned members not to reveal that such a discussion took place.
Posted by Anonymous Monetarist
--
Obama underestimated Diane Feinstein's ego. I am shocked!
Only egomaniacs get to have power over American dopes. Three biggest egos have been Greenspan, Bush, and Bernanke, a Troika of evildoers.
It is all about human behavior and not about the label of the system.
Jas
Hawley Smoot writes:
"I have a mild addition to buying books. When I hear that Borders might go bankrupt, I think "Maybe they'll have a sale with everything 90% off."
The Borders on the Promenade here in Santa Monica just closed down - everything was "up to 80% off". Unfortunately, it appeared that they had removed all of the best stuff over the holidays, so I only scored one book.
Uffish Thought,
"Was in Costco yesterday, they had three desktop and two laptop Gateway models all with manufacturer 2 year warrenties. I informed the computer set-up guy that Gateway was out of business, he didn't know, and said he would let the manager know."
Please research before doing silly things like this.
Gateway sold it's IT Services division to Acer, which sold it to MHP (???) which is going belly up. Gateway is still in business and selling computers (for now).
Nostrovia,
I'm not buying any new computers for my office. I'm merely adding memory to existing computers to speed them up. Who knows how Obama is gonna whack us - definitely need to pull back.
swan,
no surprise. I lived through the 1980s and I remember what a high interest mortgage was back then, high unemployement, limited government (as in also limited services, police, fire,infrastructure). There is some consensus that deflation holds for a year or two and then the inflationary mushroom cloud appears glowing in the sky. The problem is I did not live through the 1920s.
/shiver
California tax payers may get IOUs instead of tax refunds, as the budget impasse continues, says the LATimes. Vendors to the state may also be paid in IOUs.
Los Angeles Times -- California, Southern California News -- - latimes.com
Fiat economy should wear Satyam Inside logo.
Back to Intel. Globally DRAM production is below 50% of capacity, the first time ever that has happened.
We might just be seeing a natural plateau in the product cycle as well.
Yes.
The Satyam news is particularly satisfying for me as I worked for one of the Big Four in 2008.
Most Americans don't realize that India has been doing its own version of the DotCom boom for the past few years.
I predict that much fraud will be revealed.
.
--
Thanks, comrade swan.
Born-and-bred American dopes will learn a lot about their rotten system following the Greater Depression.
BBAD suffer from blind faith in the system.
Jas
fried,
lived through that as well in CA. No big deal. Don't get paid. In OC as well. No big deal. Had to reach into savings to pay mortgage, work longer hours, eat rice for 6 weeks. Think of it as a high-carb low (no) income diet.
Morocco Bama writes:
"Umm, Mr. President, how much are we paying for your children to attend that elite private school in Washington D.D.?"
You don't expect our president to send potential future members of a dynasty to public schools, do you? And in Washington DC no less?
Leona Helmsley would have have said something like: "public schools are only for the little people."
rpachigo writes:
I'm not buying any new computers for my office. I'm merely adding memory to existing computers to speed them up. Who knows how Obama is gonna whack us - definitely need to pull back.
....well done....Samsung will increase memory prices soon........
sm_landlord,
"The Borders on the Promenade here in Santa Monica just closed down"
No sh*t?! I haven't been down there since Nov.
Gotta check it when it warms up.
Nostrovia,
Gold got taken down, don't know if it's re balancing of the commodities indexes or just those pesky commercial shorts.
1.2 Trillion budget deficit inherited for this year...ouch.
Comrade Misean is Dope | 01.07.09 - 10:41 am
Didnt understand a dam thing you said...
rpachigo writes:
"I'm not buying any new computers for my office. I'm merely adding memory to existing computers to speed them up."
Memory is a pretty good buy right now. I just bought about 55GB of high speed ECC server memory for around $2000. It's upgrade city for some servers this week.
Gaming fanboys are so very different than Apple fanboys, but that difference has gotten smaller once Apple adopted the Intel chipsets...
--
Broward Horne,
Indians can out do Americans in accounting! That includes, of course, the accounting fraud.
Jas
It's not worth pointing out the budget deficit any longer. We are long past the point of ever paying it down.
Barley,
"Didnt understand a dam thing you said..."
That's OK, I don't either.
Nostrovia,
Intel also managed to lose a billion dollars on Clearwire Corporation (presumably their WiMax play), which is never great for a bottom line; might drive their quarterly profit down to nine figures.
I've done my bit for the US electronics industry for the year: my i7/920 machine, with $400 of American-made memory in it, arrived yesterday.
Morocco Bama & sm_landlord,
I would be inclined to agree except that the impact on the students (you know the hundreds of others), public or private is substantial given the secret service invasivenes that have to be made for presidential children attending schools. There a few institutions that have managed to handle this in a way that is not seriously negative on the general student body. The DC school district would have to bear the costs of the accomdations for a public institution hosting presidential children--in reality they were hoping they didn't have to accomdate.
a chief performance officer -- what crap is this consultantspeak bogus BS - chief scam officer
Morocco Bama and sm_penis:
The Obamas pay for their kids school. It's easy to find that out yourself.
Can't wait to hate, can you?
Misean,
When you build out the gaming rig, please share it for those of us with silicon lust in our hearts...
Jas, India has Accounting?
U.S. using China as financial windshield: report
| Reuters
U.S. using China as financial "windshield": report
A second commentary took direct aim at Federal Reserve Chairman Ben Bernanke and out-going Treasury Secretary Hank Paulson, while calling on Washington to put its house in order.
"As the ancient Chinese sage Confucius said: 'On seeing a man without virtue, examine yourself to be sure you do not have the same defects.'" said the piece, signed by reporter Huang Xin.
@slid - Fab utilization #'s are horrendous across almost all products. Take your pick of DRAM, analog, etc. It's very ugly.
It's not worth pointing out the budget deficit any longer. We are long past the point of ever paying it down.
Morocco Bama
Plus it doesn't matter anyhow.
No nation ever collapsed simply because its debt got too big.
When you build out the gaming rig, please share it for those of us with silicon lust in our hearts...
citizen energyecon | Homepage | 01.07.09 - 10:54 am | #
Jimmy Carter is that you?
Morocco Bama writes:
Jas, India has Accounting?
and we thought outsourcing was about cost reduction --
Satyam Chief Admits Huge Accounting Fraud
sm_landlord,
"It's upgrade city for some servers this week."
Oh yeah! Glad I've been doing 64bit Unix for 2+ years now. Mo' memory?...No problem.
Nostrovia,
blackhat, the best solution would have been homeschooling considering the implications.
WTF is a chief performance officer?
Chief Performance Officer? Whoa I am in trouble. Maybe she will get down to some serious wordsmithing.
ac,
It's not the debt. It's the creditors that kill you.
/checks door, re-arranges desk so he can see door, re-arranges desk again so back not to window
Nemo writes:
No worries; Obama is speaking in five minutes. Dow +500 easily.
Oops DJIA -170
Jan. 7 (Bloomberg) -- Time Warner Inc. will report a loss for 2008 after writing down the value of its cable, publishing and Internet assets by about $25 billion in the fourth quarter. The shares fell as much as 7.4 percent.
OhBoy writes:
WTF is a chief performance officer?
President-elect Barack Obama has selected a top management consultant to serve as the country's chief performance officer,
http://voices.washingtonpost.com/the-trail/2009/01/07/obama_appoints_performance_off.html?hpid=topnews
blackhat writes:
"On the federal-side we are deploying a large number of Vmware solutions which consolidate much of the older systems onto a virtual platform."
I'm doing the same in a private business. I'm planning to order some additional quad-core processors today to fill some empty sockets. VMWare ESX here I come.
Oops DJIA -170
MPinCO | 01.07.09 - 10:58 am | #
Market doesn't open for another 4.5 hours.
MPinCO writes:
Nemo writes:
No worries; Obama is speaking in five minutes. Dow +500 easily.
i told ya -- -187
Can't wait to hate, can you?
No hate here...just holding all feet to the fire. Last time I checked, the taxpayers pay the president's salary, and all the other perks that come with the job.
--
CR,
How about Intel Business Cliff Diving?
Jas
energy,
"When you build out the gaming rig, please share it for those of us with silicon lust in our hearts..."
Ummm...Yup.
FFDIC,
I don't think the Chinese, as our financial windshield, are gonna like what gets splatted on them...just saying.
Nostrovia,
Credit Score:
Why aren't credit card companies forced to print the credit rating of the consumer on each monthly bill?
Why should the consumer have to pay extra to discover their rating?
Credit card companies use this constantly to determine interest and credit limits. Why isn't it made freely available so that the victim knows the score?
Purchased an Acer mini laptop recently. $379! Incredibly light and compact. Has a very useable keyboard and Windows XP rather than Vista.
Computers have long term declining prices - like most if not all tech.
Deflation works for me.
Morocco Bama,
Respectfully, I agree with many of the advantages of home schooling when one parent has the time to do so. However, and I say this respectfully, I will not judge a parent's choice to send their children to a public school, a private school, or home school. Parents are in the position to best judge their children's individual talents, strenghts and weaknesses, and second-guessing this serves no purpose.
Where's our Chip Czar?
Jas, India has Accounting?
Apparently not.
It's not worth pointing out the budget deficit any longer. We are long past the point of ever paying it down
The break point was probably 1990 or so. We needed to do a real build-down of the military and balancing of budget after the end of the Cold War.
Instead, we got the fake "balanced budgets" which were never truly balanced, just gimmicked.
.
Financials are huge users of computing power. Why buy new when you can buy barely used top of the line from what used to be Lehman, Bear and a thousand or so hedge funds?
New gaming rig is gonna SMOKE!
I dunno. Insaniquarium runs just fine on my brand new $399 Acer.
Morocco Bama writes:
"No hate here..."
No hate here either. I was just pointing out that the political class talks one game and plays another when it comes to education.
blackhat, ordinarily, I agree, but this is not ordinary. As President, one of his main duties is to set an example for the Nation, like it, or not. Sending his daughters to an elitist private school is setting a poor example. What does it say about our public school system...especially considering the educational organization he was part of in Chicago.
Turbo,
That's a great point. More so is that hardware refresh for top-of-the-line highly available, highly resilient, highly redundant systems will not be happening this year, or next, or at all for formerly-known-as-solvent companies. they don't exist. You're right. No more purchases of the new stuff.
Federal sector has a long way to go to catch up with what their corporate counter-parts have been doing on the IT side, so a lot of government demand should pick up if government budgets are bloated instead of shrunk.
No hate here either. I was just pointing out that the political class talks one game and plays another when it comes to education.
My point, as well, but if you criticize Obama, you're a wingnut, apparently.
ac,
It's not the debt. It's the creditors that kill you.
Well then all we have to do then is talk the creditors into willingly giving up all the wealth they've worked their entire lives for, and then give up their future earnings too.
Shouldn't be that hard.
Outside,
"I dunno. Insaniquarium runs just fine on my brand new $399 Acer."
Erm...sorry, you can't install Quake Enemy Territory, or Fallout3 on a rig with Via's CPU and GPU.
They make nice portables after you wipe M$ Winblows and install FreeBSD however.
Nostrovia,
It's not worth pointing out the budget deficit any longer. We are long past the point of ever paying it down
1.2 trillion dollar deficit this year. Why does it matter if we pay taxes if we can just run a deficit of whatever?... Oh yeah, they need a demand for FRN's
American idol has a new judge!
American idol has a new judge!
Who is it...Henry Kissinger?
Anon,
Credit-good point as the retailer pays for each pull it should be free instead of going to free credit report.com and paying for a monthly alert report...
you can get a free report each year from all 3 repositories..
OT- Im buying vm ware based off comments here...
Morrocco Bama,
"As President, one of his main duties is to set an example for the Nation,"
Erm...no it isn't...That's even worse hero worship than idolizing sports/movie/music celebs.
I'll beat Jas to the punch...
That's Born and Bred Dope thinking.
;P
Nostrovia,
"WTF is a chief performance officer"
CPO = Illinois politics at its best "collateral protection officer" its nothing more than change.
Doesnt Obama have to pay for his daughters private school tuitition out of his ~$400,000 yearly salary?
@ Angry Saver
Which machine?
1.2 trillion dollar deficit this year. Why does it matter if we pay taxes if we can just run a deficit of whatever?... Oh yeah, they need a demand for FRN's
tg is a born & bred dope in a
According to MarketWatch that doesn't include the stimulus package.
Respectfully, I agree with many of the advantages of home schooling when one parent has the time to do so.
Just show me the parent who remembers FOIL, algerbra, parts of speech and grammar, replication, transcription, and translation, the capitals of European countries, Spanish, French, sign language, coaches soccer, football, and basketball.
Maybe THAT parent is qualified to be a home-schooler. Otherwise, no. IMO.
Comrade, I'm not saying I agree with that, but you can't argue it's one of the duties.
The only reason I care what he does in his persoanl life is because it should match his policies and words in public life...otherwise I'm going to call foul, every time.
chief performance officers - spin numbers - known as efficiency experts - the CPO will ensure that Obama saves or creates 3 million jobs - cuts fuel use etc... through the magic of numbers charts and graphs -
OT - Unfortunately I've been working all moring, but I wanted to update intrady on EEM/EEV: quality of volume to the downside on a 15-minute, EEM is
giving it up in spades.
Same deal with XLE/DUG - quality of volume (relative increasing volume) to the downside on the oil sector.
The broad market (SPX) is a little less weak.
Must turd brains.
No nation ever collapsed simply because its debt got too big. - ac
Weimar Republic.
Back to Intel (and housing). This earnings announcement should represent a pretty serious discomfort for Silicon Valley, which lately has been (indirectly) betting its home prices on there being strength in the "worldwide" technology markets.
Once hardware shows real retreats, well then the only major support left is the intertoobs.
Morocco Bama,
He's not on the taxpayer dole until Jan 20.
He's a private citizen making private choices.
--bh
Just show me the parent who remembers FOIL, algerbra, parts of speech and grammar, replication, transcription, and translation, the capitals of European countries, Spanish, French, sign language,
But that's a contradiction. You want the parents who can't rememeber this to enter their children into the same educational system so the children won't remember either? Makes sense, I guess.
[Indians can out do Americans in accounting! That includes, of course, the accounting fraud]
My gut tells me there will be a massive pullback in backoffice work to India and other 3rd world nations. A lot of risk in terms of sensitive data in corrupt hands outside the US legal framework.
Last August, I told you this would happen.
When somebody gets downsized, they take that person's PC and put it in the storeroom. Pretty soon, the storeroom is full.
Then, instead of buying new PCs when people get hired, they give them one outta the store room.
When the store room starts to empty out in about 2014, tech will turn up again.
Go QID!
He's not on the taxpayer dole until Jan 20.
So they send him the tuition bill on the Jan 21st...or maybe they give him a freebie because of the positive public relations he brings the institution. Still, my point remains.
Just show me the parent who remembers FOIL, algerbra, parts of speech and grammar, replication, transcription, and translation, the capitals of European countries, Spanish, French, sign language, coaches soccer, football, and basketball.
Maybe THAT parent is qualified to be a home-schooler. Otherwise, no. IMO.
Actually, they have software that does that now. Probably better than many public school teachers, too. Plus online teachers if you run into trouble w/a concept.
I've done it all - homeschool, public, and private. It depends on the kid and on the circumstances. They are all very acceptable choices.
And btw, homeschooling produced the highest achievement test scores for my kids than either of the other options. It's not all about scores, but academics are no barrier to homeschooling.
On the greater scale of the problems we face, is where the POTUSs kids go to school really an issue? Would it be better to put two little girls whose family has had numerous death threats into a public school that is much more difficult to secure than a smaller private school? Stop it...This is is counter productive.
The big problem with our system-
Shareholders want a quarterly increase in profit irrespective of reality.
What is the purpose of industries- create jobs, advance standards of life or just keep creating more notional profit every quarter?
"On the greater scale of the problems we face, is where the POTUSs kids go to school really an issue? Would it be better to put two little girls whose family has had numerous death threats into a public school that is much more difficult to secure than a smaller private school? Stop it...This is is counter productive."
Amen.
Once hardware shows real retreats, well then the only major support left is the intertoobs
Already hit an inflection point -
http://www.realmeme.com/roller/page/realmeme?entry=internet_inflection_point_microsoft
Information has finite value.
Therefore it has finite earning potential.
I'm not sure what can follow-up. Maybe robotics, maybe a few niche markets like telecommuting and gaming.
.
It's not all about scores, but academics are no barrier to homeschooling.
Outsider | 01.07.09 - 11:19 am | #
Right. Most of te home-schooled kids I knew growing up went on to University and did fine academically. They nearly all had some trouble adapting to Uni without having the high-school experience as a social trainer, though.
how about that mini oil bubble over last month....I'm thinking $20..still
Swf's buying futures took it there...
Would it be better to put two little girls whose family has had numerous death threats into a public school that is much more difficult to secure than a smaller private school?
Why is it much more difficult to secure? When we start answering those questions honestly, we soon realize that it is a much bigger issue than your marginalizing of it.
rich writes:
"When somebody gets downsized, they take that person's PC and put it in the storeroom. Pretty soon, the storeroom is full."
Yup. Also, technology refresh is postponed. Although many corps have been postponing for some time already because they did not want buy all new equipment just to run Vista on everyone's computer. Some corps just finished upgrading to XP last year, in order to beat the cutoff.
But I don't think the stored computers will last until 2014, because a lot of them are already several years old and will be antiques by 2011. Microsoft is yanking support for XP this spring some time.
CONJURE'S GLOBAL DEPRESSION CLOCK
The time is now:
11:59:54
NOTE: The previous update took place on December 20, 2008 when the clock was advanced 1 second to 11:59:52.
Today's update has been made due to significant deterioration in the real economy since the last update and due the Fed's failure to address the fundamental issues.
But I don't think the stored computers will last until 2014, because a lot of them are already several years old and will be antiques by 2011.
sm_landlord | 01.07.09 - 11:24 am | #
I seriously doubt this. For many people, if you can run a browser and an email client, that's all you need.
My gut tells me there will be a massive pullback in backoffice work to India and other 3rd world nations. A lot of risk in terms of sensitive data in corrupt hands outside the US legal framework
Disagree. I think the primary driver will be anticipation of a dollar collapse. The big push for outsourcing began towards the end of Clinton's admin in tandem with the strong dollar.
Based on my own experience, I believe motivated and skilled Americans still outperform outsourcing but... most Americans are not skilled and motivated.
CK, I can't believe you're using "counterproductive" as an argument. The purpose of our economy now is to BE counter-productive! Get onboard the Gravy Train!
.
mp - what if the jobs numbers in Jan show 1 million lost....will we hit 12:00:00
I will be home-schooling with conjure.
--bh
CONJURE'S GLOBAL DEPRESSION CLOCK
The time is now: 11:59:54
NOTE: The previous update took place on December 20, 2008 when the clock was advanced 1 second to 11:59:52.
Today's update has been made due to significant deterioration in the real economy since the last update and due the Fed's failure to address the fundamental issues. - mp
In my opinon the Satyam Fraud in India is worthy of another second all its own.
Thanks mp but we're busy discussing where Malia and Sasha are going to school now, could you hold that clock stuff for later?
About the Satyam Scam-
People are greedy shysters regardless of the color of their skin and last names.
It is funny though that satyam could have done almost as well if they were just run as a better company.
rob - agree! The indian market was down 7-8% today...there are probably hundreds of others just like that in India
Satyam just needs some capital gains tax cuts to smooth over the revenue rough patch.
mp - what if the jobs numbers in Jan show 1 million lost....will we hit 12:00:00
crispy&cole
I don't think 1m is enough. Jobs aren't as important as trust and velocity in the financial systems. MP said "Fed's failure to address..." I'd go further and say "due to the Fed exacerbating conditions..."
Thanks mp but we're busy discussing where Malia and Sasha are going to school now, could you hold that clock stuff for later?
Yeah, we need to keep them safe from those inner city darkies in the public school system. Ironically, those gunning for them, if they are, are more likely to come from the ilk attending the private school. John Hinckly, anyone?
OT:
God I LOVE CNBC, I was wondering how they were going to spin today's sell-off, and sure enough, their line is "stocks are still well above their Nov lows". They forgot to mention "if you jumped head first into stocks yesterday like we have been recommending, you would now be down another 2% in the face of the largest recession since the Depression..."
Satyam just needs some capital gains tax cuts to smooth over the revenue rough patch.
bearly | 01.07.09 - 11:28 am | #
Or some TARP money.
OT: I've only shagged two blokes, insists Paris Hilton
I've only shagged two blokes, insists Paris Hilton • The Register
You thought indians were more honest than americans?
"crispy&cole writes:
rob - agree! The indian market was down 7-8% today...there are probably hundreds of others just like that in India"
rob - agree! The indian market was down 7-8% today...there are probably hundreds of others just like that in India - crispy&cole
"Indian outsourcing" is the ZZZZ-Best of our times.
From the Treasury Direct Website:
How do you make a contribution to reduce the debt?
Make your check payable to the Bureau of the Public Debt, and in the memo section, notate that it is a Gift to reduce the Debt Held by the Public. Mail your check to:
Attn Dept G
Bureau Of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188
eco writes:
...
i told ya -- -187
Might have something to do with the latest CBO budget deficit estimates of "$1.6T or more"
Ballooning Deficit Could Temper Support for Obama's Spending Plans - washingtonpost.com
The elite are taking us down the path of $2T+ deficits .... per year.
Need a "$20T man" thread
" Morocco Bama writes:
Why is it much more difficult to secure? When we start answering those questions honestly, we soon realize that it is a much bigger issue than your marginalizing of it.
Morocco Bama | 01.07.09 - 11:24 am | # "
Why does a conservative have to come to his defense? They're his kids; let him raise them and school them the way he and his wife want. That's part of the American dream. I'd only be upset if he made it harder for the rest of us to do it....which may happen, of course.
@ Angry Saver
Which machine?
4shzl | 01.07.09 - 11:11 am | #
Acer Aspire one
Hey angry saver, is that "gift" tax deductible?
Including the stimulus plan, you're looking at a budget deficit of $1.5T, which given a federal revenue base of $2.7T, 43% of which are personal income taxes, means average tax rates would have to be around 50% and top marginal rates around 75% to balance the budget. $1.5T is also somewhere around 2/3 of the world's entire surplus savings for a year. Good thing China, Japan, Europe and the UK also aren't looking to stimulate their economies. Oh, wait a minute.
Saytam = Barry Minkow!
"Indian outsourcing" is the ZZZZ-Best of our times.
Rob Dawg
Been telling the boss this for years. He didn't believe me until we blew a few million $$ and 18 months on a big project. Ended up with us redoing the whole thing from scratch in-house.
" km4 writes:
OT: I've only shagged two blokes, insists Paris Hilton
404: Page not found | The Register
km4 | 01.07.09 - 11:31 am | # "
While she was sober-
otherwise I'm going to call foul, every time.
Morocco Bama | 01.07.09 - 11:12 am | #
The problem is you're calling fouls even when there aren't any. Your initial question was based on the false assumption that Obama is sending his kids to a ritzy private school on the public dime. And that is FALSE.
I'm a product of public schools and my kids will go to public schools. If you want to send your kids to a private school, that's fine by me but you damn well better be paying your taxes so that all kids can get an education.
I don't see any "do as I say not as I do" from the Obamas, and respectively I think you're talking out of your ass.
Re: Indian outsourcing in regards to data...
We are getting ready for an audit by all 3 repositories for storage of credit data...We have a competitor who knocked our software off with a few code changes, they have their server base in India and our actually taking SS #'s and other data online...
we were sued by that company for mentioning that they were not fcra and GLB compiant...They won!
everything is a game....such is life...
Hey angry saver, is that "gift" tax deductible?
Great question. Unfortunately, I don't know the answer.
BTW, have you ever been to the Red Bar in Grayton?
Saytam = Barry Minkow!
Saytam =! Barry Minkow
The US has already tacitly admitted that for all their engineers it doesn't make sense to do engineering there. Ask why all the automakers have "studios" in the US and then look where those facilities are located.
India 2009 = Japan 1980
Turbo,
Excellent point regarding tax rates. This gets cruel. The risk of lending to US will skyrocket as the debt burden grows. Flight to safety that is NOT T-bills will occur. Tax revenue even with staggering top-marginal rates of the 1950s-60s of 90%+ will still compete with reduced income as aggregate with unemployment. More borrowing will be necessary but this will compete with the need to balance the budget (meaning adjust spending to budget--cut programs/raise taxes)--I just think this cycle get too vicious and this ends in leather and no lace.
--bh
AS, nope, I dont' get out much. The locals here tend to irritate me...
Public school is juvenile day care. It is intended to keep the next generation of Jas' dopes ignorant and focused on consumerism.
Most private schools vary, but aren't so different from public.
insists Paris Hilton
OMG. Paris is trying to re-spin herself as a virgin?
Victoria's Secret is a sell!
What a sad day. I watched Obama for a few minutes and I already feel like I'm watching a caricature of a presidency.
The Satyam thing is actually a depressing confirmation of what I already suspected.
This is going to be one big sucky year.
I guess I'll go eat breakfast.
.
OT: I've only shagged two blokes, insists Paris Hilton:
Blokes must be code for batallio
The bottom is in? Did we all cover down there at 913?
Sheila Bair to stay on at FDIC under Obama.
Change is coming.
Yes we can.
No, blokes is code for "on tape, that you know of".
Wanna make a guess as to how many Satyam's are out there.
Bottoms Up.
Private schools deliver more then the Government Union controlled Message. I sent my kids to private school till HS and they are free thinkers, sensitive and responsible! Go Private with vouchers!
"Save a red, eat a gray!
Saving A Squirrel By Eating One - NY Times
Link to Bair article:
http://online.wsj.com/article/SB123134459497161095.html?mod=googlenews_wsj
After that speach I think we need an Obama Czar!!
BH's definition of Capitulation. 3 sucessive breaker days, followed by stock-trading holiday.
I'm sure we can get to 5000 and 400 respectively given the slow drip-drip...seems over-seas money needs to get zapped with the destructo-fraud-ray gun as well.
After that speach I think we need an Obama Czar!!
barkingtribe | 01.07.09 - 11:47 am | #
I think Cheney's staying on to do that job.
The CRE bottom must be in..... Tell me it's in.....
Real-Estate Executive Found Dead in Apparent Suicide - WSJ.com
So, in conclusion, headline capitulation has not and will not register until X threshold is reached, and not a minute sooner.
Maybe this market will crash at the first hint of good news? Bad news just doesn't seem to cut it anymore.
X is defined as the day the Chinese use T-Bills to heat the peasantries homes during the winter.
or something equivalent? The question is, who will be the other buyer of that transaction--
...US I suppose. or us in reality.
"The bottom is in? Did we all cover down there at 913?"
I covered at 920 on the morning downdraft. And I went long BGU and TNA at 913. Today looks like an outside day in the making.
CNBC's Charlie Gasparino slipped and used the sh-t word while he was on the phone with Larry Kudlow.
Maybe the FCC will do us all a favor and shut the network down.
BH's definition of Capitulation. 3 sucessive breaker days, followed by stock-trading holiday.
blackhat | 01.07.09 - 11:47 am | #
Hey... at least we got the circuit breaker reset, so they're easier to trip!
new levels are 850, 1700 and 2600.
so many articles in the financials about how 2009 will be viewed as a historic buying opportunitiy, like getting anthrax is a historical dying opportunity...
Never been a better time to bleed and/or die.
CNBC's Charlie Gasparino slipped and used the sh-t word while he was on the phone with Larry Kudlow.
Maybe the FCC will do us all a favor and shut the network down.
For what? Giving unjustifiably upbeat opinions? That's SEC territory.
It looks like crude oil has now joined ohers who have borrowed their future demand.
"The bottom is in? Did we all cover down there at 913?"
Nothing has changed until 887 is tested.
EU has given Russia 24 hours to turn the gas back on, and has threatened an intervention in case of failure to do so.
So Time|Warner writes down AOL (25bill)--can we write down CA, NV, AR, FL & NY?
just wondering.
Thank you for being honest, Darth. Of course, it depends on the private school. It's clear to me that Obama is an Elitist every bit as much as the Bush's are Elitists. Gary thinks otherwise, because Obama's a so-called Democrat. Give me a break. He's with the Plutocrats. He's bought. He's part of the club. He wouldn't be there, otherwise.
All of that being said, and for the reasons Darth stated, I send my children to Montessori School because I want them to learn to think critically, for themselves. It's not about prestige. It's about effectiveness...and yes, I pay my taxes, so I'm double paying.
Oh, and my wife doesn't wear dresses that cost 6 figures, either. Obama doesn't resemble me in any way, and he doesn't represent me, either, nor many of you. He represents his club...the ones who selected him and foisted him upon you.
Pavel Chichikov writes:
EU has given Russia 24 hours to turn the gas back on, and has threatened an intervention in case of failure to do so.
EU: Turn-it back on or we shall assemble a 16,000 page report, translated into 25 languages, and drop it over your cities!
It's hard to feel sorry for an outsourcing/H-1B welfare queen. Intel can take a hike.
actually market action makes sense up to a point- buying real assets that can produce a return may not be such a bad idea. Even if one were to assume that SP earnings decline to $30 - that would still be a 3% yield with inflation protection- better than 2.4% for treasuries.
Indiscriminate buying of stocks of companies with less than pristine balance sheets is another thing.
EU: Turn-it back on or we shall assemble a 16,000 page report, translated into 25 languages, and drop it over your cities!
gulp.
yes, yes, master, we shall do as you command.
.
"EU: Turn-it back on or we shall assemble a 16,000 page report, translated into 25 languages, and drop it over your cities!"
Heh. My thoughts exactly. What's the EU going to do? The first thing that popped into my head when I saw this story was the French Knight from Monty Python & the Holy Grail.
"Now give us our a-natural gases, or we shall taunt you a second a-time!"
Morocco Bama writes:
Thank you for being honest, Darth. Of course, it depends on the private school. It's clear to me that Obama is an Elitist every bit as much as the Bush's are Elitists. Gary thinks otherwise, because Obama's a so-called Democrat. Give me a break. He's with the Plutocrats. He's bought. He's part of the club. He wouldn't be there, otherwise.
All of that being said, and for the reasons Darth stated, I send my children to Montessori School because I want them to learn to think critically, for themselves. It's not about prestige. It's about effectiveness...and yes, I pay my taxes, so I'm double paying.
Oh, and my wife doesn't wear dresses that cost 6 figures, either. Obama doesn't resemble me in any way, and he doesn't represent me, either, nor many of you. He represents his club...the ones who selected him and foisted him upon you.
Morocco Bama | 01.07.09 - 11:57 am | #
Excellent! We sent our kids to Montessori also, priceless.
Popeye,
Are you trading the downside here?
EU has given Russia 24 hours to turn the gas back on, and has threatened an intervention in case of failure to do so.
EU: Turn-it back on or we shall assemble a 16,000 page report, translated into 25 languages, and drop it over your cities!
blackhat | 01.07.09 - 11:58 am | #
I think it's HILARIOUS that Europe thinks they are entitled to Russian gas. If they want to turn the spigot back on, they should pay the bills Ukraine is behind on and get on with it. If they want to pick a fight with Russia, all the power to them... just leave us out of it.
/rant off
Shnaps writes:
"Save a red, eat a gray!
hate speech
Gavshire,
I went to cash yesterday. I'm just watching now. My theory is that this is a short term buying opportunity, I just lack the guts to play it.
" I send my children to Montessori School "
MB, that is private though? Elitest not?
It's clear lines are being drawn for the new president. Israel and Gaza. Russia and the Ukraine. There's others to come.
Confirmation bias can be a b!tch...
MB, that is private though? Elitest not?
Hazard | 01.07.09 - 12:04 pm | #
LOL!
Obama says US can expect trillion-dollar deficits for years to come -
So, Hu's paying the bill?
A Grimm Fairy Mystery:
This grocer keep accepting IOUs from a once powerful and rich customer who is now completely destitute and has been living on credit for decades. The customer brags to everyone that the table always replenishes itself, as if by magic. He even orders more caviar and fine wines for the biggest party ever.
Your mission dear Watson...determine why the grocer keeps accepting IOUs.
Paulson about to speak - down 156 -
Anonymous writes:
Obama says US can expect trillion-dollar deficits for years to come -
I think he meant to say
Obama says US can export trillion-dollar deficits for years to come -
"It's clear lines are being drawn for the new president. Israel and Gaza. Russia and the Ukraine. There's others to come."
What scares the living bejeebus out of me is the thought that some genius with the power to do something about it will look at the world map after an all-nighter of playing Risk and decide that, logistically, Ukraine is a much better venue than Georgia in which to teach the big bad Russkie bear a lesson.
Putin is seen as gangster by pretty much everyone.
Sooner or later the gangsters get the Untouchable treatment.
If I were him, I would pull a Seinfeld and GTFO while he still has his life.
I think Ukraine is about 4 weeks from being the next Georgia.
Georgian Militias attaching Russian citizens was proxy for war.
Ukrainian government threatening Russian economy is proxy for the next.
Darth Putin will strike before for Ukraine falls under the defence pact of EU by joining.
In my humble and wildly speculative opinion.
threatened an intervention
Pavel Chichikov | 01.07.09 - 11:55 am | #
I can't help but wonder what the EU might have in mind for 'intervention'.
Catapult Brie at them?
MB, that is private though? Elitest not?
Not all Montessori programs are Elitist. Some in our city are, and we don't send our children to them for that reason. The one we do send them to is pure Montessori...and no frills. It's about the education for us, not the prestige. Obviously, that's not true of many private schools. It is about the prestige a substantial amount of the time. We sacrifice a great deal to send our children to this school. We're not wealthy, by any means.
As long as we're talking Seinfeld and Risk references here,
"The Ukraine is weak!"
I see OB sending his kids to Private as admission of public school failure. Call it what you want but Public schools is America are a joke. Those who want to learn will inspite of public schools "No Kid Let Ahead". Dumb down the best trying to save the rest.
Darth Paulson writes:
Putin is seen as gangster by pretty much everyone.
who isn't?
"The Ukraine is weak!"
LOL.
"If the recent relationship between the ADP numbers (after their recent revisions) and the official payroll data holds, then we should expect a number of about -700K on Friday, the biggest drop in 59 years," he wrote. "We await Friday with trepidation."
And as analysts look forward, they don't expect the pace of job cuts to slow any time soon.
I can't help but wonder what the EU might have in mind for 'intervention'. - Comrade Terry
Export their troublesome Muslim youths.
Popeye, interesting. Short term I think anything can happen given the technicals, Obama & his stimulous package.
But another part of me is expecting a crash sooner rather than later. It could even happen on inauguration or sooner. I'm just very skeptical of the Fed/government's ability to put the "d" train on ice.
Also, what surprises is Obama going to find within the first couple weeks of his presidency? I'm sure there are a couple huge bags of crap that Bush has kindly left him.
President-elect Barack Obama said Wednesday that reforming massive government entitlement programssuch as Social Security and Medicarewould be "a central part" of his effort to control federal spending.
Let's chop your 401k in half then cut your Social Security benefits. The transfer of wealth continues. I think at this stage, people may even notice.
Morocco - "It's clear to me that Obama is an Elitist every bit as much as the Bush's are Elitists"
Cause Obama's daddy was the president. And his granpappy was a Senator.
Is everyone who has made money for themselves an elitist?
Obama is clueless. Fixing our eCONomy is simple. We just need to make housing more unaffordable than it was before. We need to immediately and seriously relax lending standards, not tighten them.
I still blame the renters for this eCONomic mess. Exactly what part of the American debt nightmare do they have a problem with?
IMO. renters shouldn't be able to benefit from ANY stimulus spending.
I've seen a bunch of kids from the local Montessori at my friend's private math tutoring business. They're worse than most public school kids, but rich. Public school kids last longer because they aren't spoiled brats too. No amount of "critical thinking" makes up for a lack of basic mathematical aptitude. Wonder if this has to do with the general lack of financial discipline in the populace.
I can't believe so many people still haven't killfiled somebody with such a blatantly political handle like morrocco bama. CR companion, it's great, use it.
To go back on topic, I've heard that Intel likes to keep AMD around so that they don't become a monopoly. A bit conspiratorial. I've found that AMD chips have better price/performance the two times I've built a computer for myself though. Hopefully they don't get squashed in this downturn.
yet intel was below 13/share one month ago. So the bad news of revenue dropping for 10.1 to 8.7 was priced-in, why wasn't the drop from 8.7 to 8.2mil in rev priced-in?
The word you are looking for is "bottoming".
Nemo | Homepage | 01.07.09 - 10:04 am | #
Is "bottoming" a euphimisum that you use when toilet training a todler, because if it is, the economy might just be bottoming, if you mean it is not going much lower than this, not so much
But another part of me is expecting a crash sooner rather than later. It could even happen on inauguration or sooner. I'm just very skeptical of the Fed/government's ability to put the "d" train on ice. - Gavshire Hathaway
There's still one (and only one) last euphoric orgasmic excess triggered by the celebratory gayiety surrounding a new administration of a different political party left in the stock market.
In short, IMO not before the inauguration.
I agree with Rob Dawg. Hope has a half-life of about 3 months.
We could bring FDR back at this point, it doesn't matter. Damage has been done--poison ingested. Now to detox. Hope the patient lives.
"Oh, and my wife doesn't wear dresses that cost 6 figures, either. "
Does she wear a good republican cloth coat? Now you're channeling Nixon.
Obama picks up the tuition tab for his kids...we pay for the Secret Service protection.
He picked a private school for his kids...so did you.
Tracys West Valley Mall could lose a valuable retail anchor if Gottschalks closes which it might if the West Coast retailer fails to secure an agreement with foreign investors to keep the company afloat.
The 100-year-old Fresno-based chain faces bankruptcy and could run out of money by the months end unless a deal with Everbright Development Overseas Ltd. pans out, say federal filings from the Securities and Exchange Commission and officials from both companies.
At the Tracy branch, its business as usual for now. Employees at the retailer are instructed to calm worried customers by telling them they have no reason to worry for the moment.
Which of the following 5 statements doesn't belong?
All public school bad.
All private school good.
Private school hypocritical for black people.
Real estate only goes up.
I'm not an idiot.
I've seen a bunch of kids from the local Montessori at my friend's private math tutoring business.
Maybe because it's not accredited. You can hang a shingle and call yourself Montessori, yet not be accredited. It should be illegal, but it's not.
Dirk, I think I caught the very tail end of your appearance on CNBC yesterday . . . literally "Thanks Dirk for dropping in" or whatever they said.
a full mane of silver-grey executive hair, was that you? I was flipping channels during a rare gym visit.
Somebody wants to not talk about education quality! Must have hit the nerve. I used the public educated HS quality employees and something went real wrong in the 90"s they became pretty much unprepared worthless. We even call work Adult Day Care. I also was not Rich (auto mechanic)when we sent our kids to Montessori. Some of these advertised schools are not accredited Montessori schools.
Anonymous writes:
Obama says US can expect trillion-dollar deficits for years to come -
YEARS TO COME!?!
How is this showing fiscal restraint and responsiblity?
I can understant a trillion dollar deficit in 2009, but anything beyond that is rediculous.
When the store room starts to empty out in about 2014, tech will turn up again.
Didn't I read something recently about how electronics in Asia was still holding up relatively well with respect to their "labor-intensive" industries...? It looks like we handed them a time bomb when we exported our industry there after our tech bust.
At the Tracy branch, its business as usual for now. Employees at the retailer are instructed to calm worried customers by telling them they have no reason to worry for the moment.
Yep, that's the first thing they say. Usually about 1 quarter out, management knows they are laying off, drawing up their evil-Santa list, and telling the workers that everything will be fine and all right, please enter the device where you will be dazzled by pleasurable scenic scenes of beauty, you'll feel a little pressure in the back of your head then you'll be asleep...forever.
"I agree with Rob Dawg. Hope has a half-life of about 3 months. "
Hope used first is a sign of not be able to think and work hard. Hope is when you can not change things after the thinking and hard work have been done. The Famous campaign slogan says it all.
Moore's Law: example of a function found only to apply during a multi-decade, fed-sponsored credit binge.
Export their troublesome Muslim youths
With uniforms and guns in hand?
.
Getting back to Intel. The strategy is to batten down the hatches and hope AMD sinks. Not a great play, perhaps, but the only one they've got right now. Unfortunately, the lampreys feeding off Intel, subcontractors and such, are dying off, as in mass extinction after the comet hits. So tech is shrinking overall, and the job losses feed into demand destruction for high-tech regions worldwide. Expect even worse real estate numbers in Silicon Valley, Oregon, Texas, Boston, The Triangle, etc, etc.
Chief Performance Officer?
The Onion is being out-onioned by reality.
.
--
"Jas, India has Accounting?"
I come from a family of businessmen and most are great accountants. But we suffer from this morality gene.
Unfortunately, the audits in India, when I was a kid and would accompany my father to audits!, were so horrific and corrupt that my father had to 'falsify' to remain an honest businessman.
I can smell lending and accounting fraud miles away. Only BBAD think of accounting shenanigans, or loopholes, as something minor.
Jas
Onion headline was good today
"Factual Error Found on Internet"
He picked a private school for his kids...so did you.
Yeah, but I'm not president and I don't get to set education policy. He does. He's the goose, and what's good for the goose is good for the gander, or vice versa. If he advocated vouchers and fought hard for radically changing the education system and decried the failure of public education, then I wouldn't call him out for sending his children to a private, prestigious school.
It's funny, but these criticisms were perfectly fine when Bush was President, but now that it's a Democrat, it's ludicrous to question who this man is. How hypocritical.
For the record, I held Bush's feet to the fire, as well. I'm neither a Democrat nor a Republican. It's a false dichotomy. Now it's Obama's turn.
But hey, don't let me get in the way of your dream. By all means, perpetuiate the myth. We'll see how it all turns out.
Pavel,
"EU has given Russia 24 hours to turn the gas back on, and has threatened an intervention in case of failure to do so."
An intervention might have worked for Yeltsin.
I'm not sure that Medvedev and/or Putin are Alchoholics.
Nostrovia,
For those interested in the Oxford Institutes study of the Ukraine/Eu/Russia & Gas Issue see:
http://www.oxfordenergy.org/pdfs/comment_0106.pdf
Basically the underlying issue is that Ukraine doesn't pay their bills (so far allegations of stolen gas are not provable since all stores were found to have what they should have had)--but when Ukraine doesn't pay, Russia cuts their Gas. Ukraine turns around and decides to take the Gas bound for Europe. So basically, if you're playing politics here, Russia could invade Ukraine without a European fight as long as gas continues to flow...
One thing worth noting is that while Intel had a significant miss from the 11/12 guidance of $8.7-$9.3B, these numbers included an unexpected equity writedown of approximately $1.2B. Intel had been expecting a loss of $50M in the original guidance, and they didn't revise this in the 11/12 guidance.
This isn't great news, but it's not a collapse of the core business.
Full disclosure: I am long INTC.
"May our nation continue to be the beakon of hope to the world." -- On the Quayles' 1989 Christmas card
blackhat- "I will be home-schooling with conjure."
Son of mp was home-schooled by Conjure and the results were excellent.
As an infant, Son of mp was schooled by a registered Montessori school. They did a very nice job, up to a point. That's where Conjure took over.
"these criticisms were perfectly fine when Bush was President, but now that it's a Democrat, it's ludicrous to question who this man is"
Link to criticism of Bush's kids going to private school?
Rob Dawg,
My holiday card had "bacon". bit confusing really.
--bh
I feel like I've been homeschooled by Conjure as well...
thank you mp. I hope conjure can tolerate bourbon in my lunch box.
Morocco Bama,
"For the record, I held Bush's feet to the fire, as well. I'm neither a Democrat nor a Republican. It's a false dichotomy. Now it's Obama's turn."
Check.
scone,
"The strategy is to batten down the hatches and hope AMD sinks."
AMD still holding in server segment. ATI is holding up to NVIDIA...AMD best get some performance CPU's...cuz you're correct, Intel's big channel costumers are drying up.
I use all AMD for all business workstations...no brainer...who needs more for email/word/excel?
Nostrovia,
OT, but really important. Paulson should bailout Japan to prevent a robot massacre:
Matthew Yglesias » The Rise of the Machines
How many times have rabid foaming at the mouth Dems pinted out that Bush is a Massachusetts Prep Scool graduate and his Rancher Persona is a hoax?
I agree with their sentiment, every bit as much as I agree with my assessment of Obama here.
Chief Performance Officer?
The Onion is being out-onioned by reality.
Did he mention anything about a Chief Stimulus Check Officer? Because it's been a year since I've seen any signs of a stimulus check and I'm out of money again.
EU: Turn-it back on or we shall assemble a 16,000 page report, translated into 25 languages, and drop it over your cities!
blackhat | 01.07.09 - 11:58 am
haha, sad but true.
How many times does this need to happen before Europe truly rearms? and how broke does the US need to get before we begin pulling back from some of our overseas bases?
Comrade Kristina,
As long as you're not SCHOOLED by conjure. That would be...ummmm....messy, methinks.
Nostrovia,
It probably doesn't mean anything, but the only non-dismal economic news I've seen in months is that the Semiconductor book-to-bill ratio (present sales to future bookings) seems to have bottomed at 0.70 in September and was back up to 1.00 in November. That might imply that Intel's situation won't deteriorate much further. Then again ...
North American Semiconductor Equipment Industry Posts November 2008 Book-to-Bill Ratio of 1.00
"and how broke does the US need to get before we begin pulling back from some of our overseas bases?"
Let me cut & paste this again.....
"and how broke does the US need to get before we begin pulling back from some of our overseas bases?"
--
""May our nation continue to be the beakon of hope to the world." -- On the Quayles' 1989 Christmas card"
Rob Dawg,
"May our nation continue to be the beaCon of" DEBT PUSH AND FINANCIAL FRAUD "to the world."
AMERICA HAS BECOME A ROGUE NATION FULL OF ROGUE ECONOMISTS, MANY OF WHOM ARE OBAMA ADVISORS AND ON THE FED. COLLAPSE OF THE SYSTEM OF THE CROOKS IS UNAVOIDABLE.
Jas
BSR, another thing I wonder about is if we do bring all these troops home from various parts of the World, what will they do for work? That problem has yet to be solved or even discussed really from what I've seen.
"and how broke does the US need to get before we begin pulling back from some of our overseas bases?"
\t Black Star Ranch
Black Star Ranch | 01.07.09 - 12:42 pm | #
My gues is much, much more.
I save give 'em Ukraine and Georgia. We get to annex Alberta and Greenland. Fair trade.
Jas, can you suggest an Indian who can audit Obama's tuition payments to make sure they come from his personal savings and not his taxpayer salary, or are we to just take his word for it...like we're to take the treasury's word for it. I mean, he does work for us, doesn't he, so we do have a right to know?
....thank you FLL Renter & Shammgod....
Makes more sense to redeploy them on our borders checking cargo box Shipping Manifests for the upcoming import tariffs.....
FLL Renter,
It's a fair question. I'm not sure EU does re-arm beyond what they have now. As poorly equipped as Russia is, they can flood a country with tanks and boots, fly a few bombing missions (and hope they don't grease their own troops). Can EU countries counter the fall of Ukraine? Reoccupation of Georgia? Putin is blunt and subtle, an intelligent killer. He only needs to guarantee Russia's influence in Ukraine as a satellite--same with Georgia--not start the cold-war where we left off. He's expansionsist but I doubt he has a map of Europe dated for Russian conquest.
Russia controlls more than a quarter of what ends up in EU as energy, 80% around this time of year. I don't see the need for EU to re-arm to the point where they'll face Russia. US will not face Russia either beyond proxy support. Didn't work out well for Ukraine though.
my two cents. business as usual.
Morocco Bama, does your employer get to audit your expenditures from your personal checking account? Mine doesn't...He gets to do with his pay what he wishes, just like you do.
Black Star Ranch//Read US is in 150 Nations...Is this true?
Comrade Kristina writes:
BSR, another thing I wonder about is if we do bring all these troops home from various parts of the World, what will they do for work? That problem has yet to be solved or even discussed really from what I've seen.
Comrade Kristina | Homepage | 01.07.09 - 12:43 pm | #
I stated this before, OB won't bring any troops home and add to the unemployment problem. He will redeploy them. He also did not rule out going to Darfur. Another promise to fail from and inconvenient reality.
....we need NO MORE $29. electric frying pans......
"Oh, and my wife doesn't wear dresses that cost 6 figures, either. Obama doesn't resemble me in any way, and he doesn't represent me, either, nor many of you. He represents his club...the ones who selected him and foisted him upon you."
Why don't you and your racist hate crawl in a cave you came from.
mp - re D-Clock and the US Government inaction - the "easy" way out by borrowing may be getting too crowded
German Government Bond Auction Fails to Attract Enough Demand
2009-01-07 15:21:11.556 GMT
By Kim-Mai Cutler and Anchalee Worrachate
Jan. 7 (Bloomberg) -- Germanys sale of 10-year bunds lured
the least demand in six months as investors shied away from a
flood of government securities.
Investors bid for 5.2 billion euros ($7.1 billion) of the
bonds offered today, a level of demand that prompted the Bundesbank
to retain 32 percent of the securities, according to the central
banks Web site. European governments want to raise money to
finance more than $96 billion in bank bailouts and stave off the
worst of the global recession. France may sell 7 billion euros
of bonds tomorrow. Spain is also planning a sale.
I would call this a failed auction, said David Keeble,
head of fixed-income strategy in London at Calyon, the
investment-banking unit of Frances Credit Agricole SA. This
was a very poor start of auction season.
'if we do bring all these troops home from various parts of the World, what will they do for work?'
That's who will populate the "domestic security force". It's a JOBS PROGRAM just for them.
5%ers?
....wasn't Obama talking about 600,000 new fed workers? There they are - already in uniform..........
Why don't you and your racist hate crawl in a cave you came from.
\t Too Many Wingnuts | \t \t \t \t01.07.09 - 12:49 pm | #
I certainly didn't get the racism here, although I obviously find Morrocco's comments annoying in other ways. Perhaps you shouldn't pull the racism card so readily?
Democrats hold forum on stimulus - Jan. 7, 2009
Democrats: Stimulus by Mid February
"It will be very hard for any stimulus to succeed if Americans continue to lose their homes," said Reich.
He suggested one solution would come from allowing homeowners to write down the value of their homes in bankruptcy. Zandi called for a return to mortgage-backed securities purchases to free up banks' balance sheets and resume lending.
"We need a large foreclosure mitigation program," said Zandi. "It will be costly but a good investment."
This should be interesting.
@MrM
MrM, thanks for that data. More grist for the mill.
'if we do bring all these troops home from various parts of the World, what will they do for work?'
A campaign promise of Obama's was to increase the military by 100K. That was long before last September. I'd expect that number to rise now.
"Putin is blunt and subtle, an intelligent killer. He only needs to guarantee Russia's influence in Ukraine as a satellite--same with Georgia--not start the cold-war where we left off. He's [an] expansionist......"
And, probably one of the most dangerous men alive on this globe.
Soldiers aren't police.
They are trained to kill the enemy.
When faced with an unpopular opinion and have no response yell racism. Is it the White side of things you think we are attacking? please clarify. I personally would not care for his political tricks if he were white. Come to think of it I didn't like Bill Clinton! Now is that racist?
OT response to Obama and kids in private school.
I think that security is a major concern for them. The schools to which they're being sent (Sidwell as I recollect) are a bit more removed from the general public in terms of space than the typical DC public school. Not all DC schools are bad, but they are city schools and stuck in the middle of things.
I believe that the private schools have some more room around them.
Hell, I lived in Montgomery County, MD for six years and was considering sending the kids to parochial/quaker schools had we stayed. Even the suburban middle schools had gang problems.
I actually kind of liked the AMD-NVIDIA combination for my systems. Was kinda disappointed in the ATI deal. Oh well, still have to build myself another system to play Starcraft 2 before it comes out, and have been pricing components off and on. That should be a big demand boost.
Public schools are a waste of time for everyone involved with them.