If I had the time, I would probably find about 20 financially solid companies with widely recognized products whose combined market capitalization does not equal that of Facebook. Trading at over 80x earnings is absurd. There's no way FB can grow its earnings at a rate to match that multiple.
As an aside, I've been out of the market since the beginning of 2013. What a kick in the balls the last 18 months have been. I don't know what hurts worse, the losses you take or the gains you miss? I look around and my eyeballs are telling me something different than what the S&P500, Dow, and Nasdaq charts are claiming. The lows of Feb 2009 were too low, but I don't know how the market can justify current price levels. I'm actively hoping the market tanks such that the DJIA goes back down to about 12-13k. Posted: July 24th, 2014 @ 2:25PM
I don't think the tailgater in this video would have been pulled over in the Philadelphia area. Was he violating the 2-second rule? For sure. But if that is an example of tailgating, well, about 95% of motorists around here tailgate. Posted: July 24th, 2014 @ 2:17PM
This really puts Ukraine in a bad spot. They can't strike back with counter battery fire. Doing so would just give Russia the excuse for an outright invasion. Besides, I'm not sure Ukraine's military is powerful enough or well trained enough to effectively execute counter battery. Posted: July 24th, 2014 @ 1:48PM
For me, it's a combination of all the factors cited above:
-Prohibitive cost of movies and incidentals
-Cost/inconvenience of arranging babysitting
-Availability of alternatives (Redbox/On Demand, etc).
Most of the movies that are worth seeing on the big screen are either action, sci-fi, or fantasy. Generally, my wife hates all those genres. So even if there is a movie that is worth the expense and hoop jumping to go see on the big screen, chances are good that my wife won't want to go see it with me. I have no problem going to see a movie by myself, but who has the time for that when you have kids? Posted: July 24th, 2014 @ 1:44PM
Content and comments on this site are king. The format is fine. As mentioned above, the focus of the site has evolved over the years and it's more about the community. If you're looking to monetize the site, I don't know what to tell you. I think you've been kicking different ideas around for a decade with little to show for it, unfortunately. Posted: July 18th, 2014 @ 5:15PM
This really is terrible. It's going to be hard to sort through the misinformation that will be pumped out by both Russia and Ukraine. I'm sure both countries will do their best to paint the other as responsible--or shift blame to a third party. In this day and age, it's hard to believe something like this could be a mistake. Malaysian Airlines is really taking it on the chin this year.
Two other notable mistakes were when the Soviet Union shot down KAL 007 (a civilian Boeing 747) and when the USS Vincennes shot down Iran Air Flight 655 (a civilian Airbus A300). Both of those incidents were definitely avoidable (KAL 007 more so). I can't believe that 26 years after IA Flight 655 that something like this would happen again.
Also, after many, many years of great flying, the 777 has been involved in three very notable crashes in the last 14 months (SFO crash upon landing, MH 370, and this). The jury is still out on the MH 370 crash, but the SFO crash and this incident are definitely not the fault of the airframe.
Ah, caffeine. My friend and sworn enemy. Every so often, I go through a caffeine cleanse whereby I stop drinking caffeinated products for 4-5 days. During that time, I have a couple days of splitting headaches and generally decreased energy level / mental acuity. After those first days though, I really start feeling pretty normal. My sleep improves and my waking alertness improves.
Then I start up my overnight shift work again. I think, "just one cup of coffee to perk me up a bit." After a few weeks, I'll be back to 30-40 ounces of coffee a day. Then it's time for the cleanse all over again.
This guy's experience with quitting coffee was interesting and somewhat informative:
First picture in that article: look at the woman's hair and nails. I wonder if she has a smartphone? Her water got cutoff because she makes bad choices. Good for Detroit! Posted: June 29th, 2014 @ 12:15PM
I see more and more pharma companies in the Philadelphia area that are either domiciled in Ireland or in the process of re-domiciling to Ireland. The company and its shareholders win because the company gets a lower tax rate. Ireland wins because it gets tax revenue where there was none. The citizens of the United States get screwed. The only way to prevent this would be to pass stricter laws governing these sorts of tax dodges. Now consider how invested members of Congress are in the stock market and how much they reap in corporate campaign donations, and ask yourself how likely this is to happen. Posted: June 29th, 2014 @ 6:17AM
It's a bit hard to make a compelling thriller when the ending is known. Also, it's hard to root for the conspirators considering that their success might have meant a conclusion to WWII that didn't include the utter destruction of the Third Reich. A negotiated peace might have led to a whitewashing of the Holocaust and continuation of Nazi idealogogy (in some form or fashion). Posted: June 28th, 2014 @ 6:14AM
I thank God I was born in the United States and for the opportunities I've been given. With that said, it's time to pull up the ladders on the life boat--we're getting dangerously full. Posted: June 23rd, 2014 @ 11:40AM
1. Demographics: The U.S. had 4.3 million live births in 1957. From there, it fell to 3.1 million per year between 1973-1976 (I was born in '76). Since then, births have steadily risen to an average of 4 million births per year since the late 1980s. That spike in college age children has increased competition for admissions, and it has given colleges leverage to jack their rates.
2. The association between college degrees and higher lifetime earnings. College almost doesn't appear to be a choice anymore, but rather a necessity for economic survival. That surge of kids born in 1957 grew up when America was still a manufacturing juggernaut, and middle class union jobs were prevalent. Kids from my generation increasingly have a choice between either A) low wage service jobs B) middle class civil service jobs or C) high wage jobs in a profession that demands higher education. Faced with that choice, a much higher percentage of kids in the last two generations have opted to go to college than in previous generations.
So you have more kids than at any time in the last 60 years, and more of them are going to college.
3). Easy government money. Like the mortgage boom from the mid-2000s whereby any asshole could get a mortgage (even those that clearly had no business owning a home), any D+ student today with big plans can get a loan for college. I know it's un-American to pigeonhole someone's potential, but there needs to be more scrutiny of a student's worthiness before loans are written. The mortgage industry does it now with houses.
Demographics, economics, and the ease of obtaining student loans has given colleges pricing power that they never had in the past.
Beyond this, there's a larger discussion of the general uselessness of liberal arts degrees (I'm a history major, to my everlasting chagrin), and how these filler majors retain plenty of kids who should be off doing other things. Posted: June 23rd, 2014 @ 11:35AM
How is it that certain people's comments (like Deuce of Spades) are wiped out completely? Is that an error with the database, or did folks go back and wipe out their old comments? Posted: June 19th, 2014 @ 5:00AM
It was a shitty trade for a traitor, and it fills people with rage. Bad things happen in war, but this wasn't some random event where shit just happens (like a mortar shell landing in an infirmary, or a roadside IED). Our great leader had five years to think about this, and in the face of a mountain of evidence of Bergdahl's desertion, he made a decision to trade for him. On top of that, Obama had the audacity to try and spin this as some kind of heroic POW homecoming--like a coup de grace bullet to the head of the still twitching VA scandal. It was such a blatantly political move, and totally unnecessary outside of the PR aspect. Posted: June 15th, 2014 @ 6:26AM
This is one of the few times I agree with Smokin Joe. Already you have a mostly independent Kurdistan in the north, though the Kurds would likely expand their holdings a bit. The hard part would be separating the intermingled Sunnis and Shias. You'd see migrations similar to what happened in 1947 when India broke up into Pakistan, India, and East Pakistan (Bangladesh). There would also be a fair bit of ethnic cleansing ala Bosnia. Complicating matters is that Iraq would see tremendous foreign intervention by Iran (on behalf of the Shias) and Saudi Arabia (on behalf of the Sunnis) and the United States (on behalf of --insert conspiracy theory--). The consequence of this foreign intervention will be to keep this civil war going far longer than it should. Inevitably, one side will gain the upper hand, then the other side's foreign benefactors will step in to up the ante. Who knows, this could be a five year thing with over a million dead and several million refugees. What a mess--and this is to say nothing about such comparatively mundane topics like the long term effect on oil supply and prices.
Truth be told, this Iraq situation is somewhat reminiscent of Lebanon. Lebanon had the Sunnis vs Shias vs Druze vs Maronite Christians internally, with outside influence by Israel, Syria, Iran, and the United States. There were also Palestinian interests involved along with organizations such as Hezbollah, etc. I can see Iraq going in this direction, and the cast of characters is somewhat similar. Hopefully this won't go on for as long as Lebanon though.
One thing is for sure, ISIS has all the momentum. They are willing to do what the other guy isn't willing to do, and that's making all the difference. If/when Baghdad degenerates into street fighting, the bottom is going to drop out and Iraq will make the fighting in Syria look restrained by comparison.
EDITED: 2014-06-15 06:39:19 Posted: June 15th, 2014 @ 6:18AM
Walking at a relatively brisk pace (4 mph...15 min/mile) it would take 7.5 hours of continuous walking to hit 30 miles. Maybe over the course of 3-4 days this is possible, but it seems absurd for an office worker. What about showering, eating, sleeping, etc? A person would have to spend 1/2 their waking hours on walking and possess abnormal endurance and health to make those numbers. What about blisters, shin splints, etc? Seems pretty unlikely, especially if the guy you mentioned doesn't look like a fitness fanatic. Posted: June 11th, 2014 @ 7:09PM
Speaking to MailOnline from his home in Cameron, Texas, Mr Andrews said: ‘When my son was killed there was no mention of searching for this guy (Bergdahl) but once all this has come out we got several emails and calls from soldiers who were with him in Afghanistan.
‘They say their mission was to search for Bergdahl. He (Lt Andrews) was killed in the search. We have no documentation of that.
‘The soldiers said they had to sign a letter saying that they would not discuss this. I have no way of proving that apart from what they said. We cannot tell you how devastated we are that the government would do this. They lied to us.
Look at the pictures of LT Andrews with his wife and young son, and reflect on the daughter he never saw born. Think of the other five service members who were killed looking for Bergdahl, and all they lost. This Bergdahl is a fucker of the first order.
As I suspected, the people closest to the situation were told to keep their mouths shut. Berghdahl should be tried under UCMJ and receive his due punishment--but you know that's not gonna happen.
All day, every single time I heard this story come over the radio I had to turn the radio off. My blood is boiling listening to this propaganda in celebration of a traitorous coward who cost good men their lives, who cost the U.S. valuable assets and time in Afghanistan, and who cost us five very important detainees (who were probably captured at great cost as well). Posted: June 2nd, 2014 @ 6:23PM