Jennifer Aniston & Jason Bateman Work Well Together in Horrible Bosses - June 14, 2011 - PEOPLE.com: The scantily clad actress breaks office code in a Marie Claire photo spread
Hugh Hefner & Crystal Harris's Wedding Is Called Off - June 14, 2011 - PEOPLE.com: The split was a mutual decision and the two remain good friends, Harris's manager tells PEOPLE
Eva Longoria Admits: 'I Wear Braces' - June 14, 2011 - PEOPLE.com: The actress, who wasn't allowed to wear makeup when she was younger, also cops to owning 8-inch-high heels
Tuesday, June 14, 2011
FDA Warns Kellogg Over Contaminated Cookie Factory
FDA Warns Kellogg Over Contaminated Cookie Factory - June 14, 2011 - NPR.org: Food and Drug Administration inspectors found Listeria monocytogenes, a germ that can cause serious illness and sometimes death, at a Georgia factory that makes Keeble ...
Reliable And Boring RIM Hits $85 Even If Profits Stay Stuck - June 14, 2011 - Forbes.com: In my recent article on Lorillard (LO), I emphasized the economic benefits to companies that sell addictive products. Eve ...
Speculators Slip Into Crox Calls, Big Frenzy In JCP - June 14, 2011 - Forbes.com: Today’s tickers: JCP, CROX, CSCO & KR
Reliable And Boring RIM Hits $85 Even If Profits Stay Stuck - June 14, 2011 - Forbes.com: In my recent article on Lorillard (LO), I emphasized the economic benefits to companies that sell addictive products. Eve ...
Speculators Slip Into Crox Calls, Big Frenzy In JCP - June 14, 2011 - Forbes.com: Today’s tickers: JCP, CROX, CSCO & KR
Top Commerecial print: sky park in Singapore
Top Commerecial print: sky park in Singapore: "www,topcommercialprint.com www.aplusprintingsite.com www.777marketingusa.com"
Tuesday, June 7, 2011
Sunday, June 5, 2011
Top Commerecial print: BEAUTIFUL PICTURE FROM AROUND THE WORLD
Top Commerecial print: BEAUTIFUL PICTURE FROM AROUND THE WORLD: "www.topcommercialprint.com www.aplusprintingsite.com www.777marketingusa.com"
Guest Post: On The Ethics Of Mortgage Loan Default
Guest Post: On The Ethics Of Mortgage Loan Default
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20 Facts About US Inequality That Everyone Should Know (With An Update On The Uber-Wealthy And Global Wealth Inequality)
20 Facts About US Inequality That Everyone Should Know (With An Update On The Uber-Wealthy And Global Wealth Inequality)
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Is the US Jobs Crisis Here to Stay?
Is the US Jobs Crisis Here to Stay?
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Paulson's Flagship Fund Down 6% In May, Down Over 13% For The Year Following Latest Sino-Forest Debacle
Paulson's Flagship Fund Down 6% In May, Down Over 13% For The Year Following Latest Sino-Forest Debacle
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Bill Gross says QE3 Unlikely Even as Job Growth Slows; Gross Still Shuns Treasuries, Likes Dividend Yielding Equities
Bill Gross says QE3 Unlikely Even as Job Growth Slows; Gross Still Shuns Treasuries, Likes Dividend Yielding Equities
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INCREDIBLY EXPENSIVE HUMAN ACCIDENTS
INCREDIBLY EXPENSIVE HUMAN ACCIDENTS
DINESH VORA
[10] TITANIC
Cost $150 Million
The sinking of the Titanic is possibly the most famous accident in the world. But it barely makes our list of top 10 most expensive. On April 15, 1912, the Titanic sank on its maiden voyage and was considered to be the most luxurious ocean liner ever built. Over 1,500 people lost their lives when the ship ran into an iceberg and sunk in frigid waters. The ship cost $7 million to build ($150 million in today's dollars).
[9] Tanker Truck vs Bridge
$358 Million
On August 26, 2004, a car collided with a tanker truck containing 32,000 liters of fuel on the Wiehltal Bridge in Germany. The tanker crashed through the guardrail and fell 90 feet off the A4 Autobahn resulting in a huge explosion and fire which destroyed the load-bearing ability of the bridge. Temporary repairs cost $40 million and the cost to replace the bridge is estimated at $318 Million.
[8] MetroLink Crash
cost $500 Million
On September 12, 2008, in what was one of the worst train crashes in California history, 25 people were killed when a Metrolink commuter train crashed head-on into a Union Pacific freight train in Los Angeles. It is thought that the Metrolink train may have run through a red signal while the conductor was busy text messaging. Wrongful death lawsuits are expected to cause $500 million in losses for Metrolink.
[7] B-2 Bomber Crash
cost $1.4 Billion
Here we have our first billion dollar accident (and we're only #7 on the list). This B-2 stealth bomber crashed shortly after taking off from an air base in Guam on February 23, 2008. Investigators blamed distorted data in the flight control computers caused by moisture in the system. This resulted in the aircraft making a sudden nose-up move which made the B-2 stall and crash. This was 1 of only 21 ever built and was the most expensive aviation accident in history. Both pilots were able to eject to safety.
The crash was captured on video. It shows one B-2 Bomber successfully taking off followed by the B-2 Bomber which crashes. The crash starts at 2:00
[6] Exxon Valdez
cost $2.5 Billion
The Exxon Valdez oil spill was not a large one in relation to the world's biggest oil spills, but it was a costly one due to the remote location of Prince William Sound (accessible only by helicopter and boat). On March 24, 1989, 10.8 million gallons of oil was spilled when the ship's master, Joseph Hazelwood, left the controls and the ship crashed into a Reef. The cleanup cost Exxon $2.5 billion.
[5] Piper Alpha Oil Rig
$3.4 Billion
The world's worst off-shore oil disaster. At one time, it was the world's single largest oil producer, spewing out 317,000 barrels of oil per day.. On July 6, 1988, as part of routine maintenance, technicians removed and checked safety valves which were essential in preventing dangerous build-up of liquid gas. There were 100 identical safety valves which were checked. Unfortunately, the technicians made a mistake and forgot to replace one of them. At 10 PM that same night, a technician pressed a start button for the liquid gas pumps and the world's most expensive oil rig accident was set in motion.
Within 2 hours, the 300 foot platform was engulfed in flames. It eventually collapsed, killing 167 workers and resulting in $3.4 Billion in damages.
[4] Challenger Explosion
cost $5.5 Billion
The Space Shuttle Challenger was destroyed 73 seconds after takeoff due on January 28, 1986 due to a faulty O-ring. It failed to seal one of the joints, allowing pressurized gas to reach the outside. This in turn caused the external tank to dump its payload of liquid hydrogen causing a massive explosion. The cost of replacing the Space Shuttle was $2 billion in 1986 ($4.5 billion in today's dollars). The cost of investigation, problem correction, and replacement of lost equipment cost $450 million from 1986-1987 ($1 Billion in today's dollars).
[3] Prestige Oil Spill
cost $12 Billion
On November 13, 2002, the Prestige oil tanker was carrying 77,000 tons of heavy fuel oil when one of its twelve tanks burst during a storm off Galicia, Spain. Fearing that the ship would sink, the captain called for help from Spanish rescue workers, expecting them to take the ship into harbour. However, pressure from local authorities forced the captain to steer the ship away from the coast. The captain tried to get help from the French and Portuguese authorities, but they too ordered the ship away from their shores. The storm eventually took its toll on the ship resulting in the tanker splitting in half and releasing 20 million gallons oil into the sea.
According to a report by the Pontevedra Economist Board, the total cleanup cost $12 billion.
[2] Space Shuttle Columbia
cost $13 Billion
The Space Shuttle Columbia was the first space worthy shuttle in NASA's orbital fleet. It was destroyed during re-entry over Texas on February 1, 2003 after a hole was punctured in one of the wings during launch 16 days earlier. The original cost of the shuttle was $2 Billion in 1978. That comes out to $6.3 Billion in today's dollars. $500 million was spent on the investigation, making it the costliest aircraft accident investigation in history. The search and recovery of debris cost $300 million.
In the end, the total cost of the accident (not including replacement of the shuttle) came out to $13 Billion according to the American Institute of Aeronautics and Astronautics.
[1] Chernobyl
cost $200 Billion
On April 26, 1986, the world witnessed the costliest accident in history. The Chernobyl disaster has been called the biggest socio-economic catastrophe in peacetime history. 50% of the area of Ukraine is in some way contaminated. Over 200,000 people had to be evacuated and resettled while 1.7 million people were directly affected by the disaster. The death toll attributed to Chernobyl, including people who died from cancer years later, is estimated at 125,000. The total costs including cleanup, resettlement, and compensation to victims has been estimated to be roughly $200 Billion. The cost of a new steel shelter for the Chernobyl nuclear plant will cost $2 billion alone. The accident was officially attributed to power plant operators who violated plant procedures and were ignorant of the safety requirements needed.
DINESH VORA
[10] TITANIC
Cost $150 Million
The sinking of the Titanic is possibly the most famous accident in the world. But it barely makes our list of top 10 most expensive. On April 15, 1912, the Titanic sank on its maiden voyage and was considered to be the most luxurious ocean liner ever built. Over 1,500 people lost their lives when the ship ran into an iceberg and sunk in frigid waters. The ship cost $7 million to build ($150 million in today's dollars).
[9] Tanker Truck vs Bridge
$358 Million
On August 26, 2004, a car collided with a tanker truck containing 32,000 liters of fuel on the Wiehltal Bridge in Germany. The tanker crashed through the guardrail and fell 90 feet off the A4 Autobahn resulting in a huge explosion and fire which destroyed the load-bearing ability of the bridge. Temporary repairs cost $40 million and the cost to replace the bridge is estimated at $318 Million.
[8] MetroLink Crash
cost $500 Million
On September 12, 2008, in what was one of the worst train crashes in California history, 25 people were killed when a Metrolink commuter train crashed head-on into a Union Pacific freight train in Los Angeles. It is thought that the Metrolink train may have run through a red signal while the conductor was busy text messaging. Wrongful death lawsuits are expected to cause $500 million in losses for Metrolink.
[7] B-2 Bomber Crash
cost $1.4 Billion
Here we have our first billion dollar accident (and we're only #7 on the list). This B-2 stealth bomber crashed shortly after taking off from an air base in Guam on February 23, 2008. Investigators blamed distorted data in the flight control computers caused by moisture in the system. This resulted in the aircraft making a sudden nose-up move which made the B-2 stall and crash. This was 1 of only 21 ever built and was the most expensive aviation accident in history. Both pilots were able to eject to safety.
The crash was captured on video. It shows one B-2 Bomber successfully taking off followed by the B-2 Bomber which crashes. The crash starts at 2:00
[6] Exxon Valdez
cost $2.5 Billion
The Exxon Valdez oil spill was not a large one in relation to the world's biggest oil spills, but it was a costly one due to the remote location of Prince William Sound (accessible only by helicopter and boat). On March 24, 1989, 10.8 million gallons of oil was spilled when the ship's master, Joseph Hazelwood, left the controls and the ship crashed into a Reef. The cleanup cost Exxon $2.5 billion.
[5] Piper Alpha Oil Rig
$3.4 Billion
The world's worst off-shore oil disaster. At one time, it was the world's single largest oil producer, spewing out 317,000 barrels of oil per day.. On July 6, 1988, as part of routine maintenance, technicians removed and checked safety valves which were essential in preventing dangerous build-up of liquid gas. There were 100 identical safety valves which were checked. Unfortunately, the technicians made a mistake and forgot to replace one of them. At 10 PM that same night, a technician pressed a start button for the liquid gas pumps and the world's most expensive oil rig accident was set in motion.
Within 2 hours, the 300 foot platform was engulfed in flames. It eventually collapsed, killing 167 workers and resulting in $3.4 Billion in damages.
[4] Challenger Explosion
cost $5.5 Billion
The Space Shuttle Challenger was destroyed 73 seconds after takeoff due on January 28, 1986 due to a faulty O-ring. It failed to seal one of the joints, allowing pressurized gas to reach the outside. This in turn caused the external tank to dump its payload of liquid hydrogen causing a massive explosion. The cost of replacing the Space Shuttle was $2 billion in 1986 ($4.5 billion in today's dollars). The cost of investigation, problem correction, and replacement of lost equipment cost $450 million from 1986-1987 ($1 Billion in today's dollars).
[3] Prestige Oil Spill
cost $12 Billion
On November 13, 2002, the Prestige oil tanker was carrying 77,000 tons of heavy fuel oil when one of its twelve tanks burst during a storm off Galicia, Spain. Fearing that the ship would sink, the captain called for help from Spanish rescue workers, expecting them to take the ship into harbour. However, pressure from local authorities forced the captain to steer the ship away from the coast. The captain tried to get help from the French and Portuguese authorities, but they too ordered the ship away from their shores. The storm eventually took its toll on the ship resulting in the tanker splitting in half and releasing 20 million gallons oil into the sea.
According to a report by the Pontevedra Economist Board, the total cleanup cost $12 billion.
[2] Space Shuttle Columbia
cost $13 Billion
The Space Shuttle Columbia was the first space worthy shuttle in NASA's orbital fleet. It was destroyed during re-entry over Texas on February 1, 2003 after a hole was punctured in one of the wings during launch 16 days earlier. The original cost of the shuttle was $2 Billion in 1978. That comes out to $6.3 Billion in today's dollars. $500 million was spent on the investigation, making it the costliest aircraft accident investigation in history. The search and recovery of debris cost $300 million.
In the end, the total cost of the accident (not including replacement of the shuttle) came out to $13 Billion according to the American Institute of Aeronautics and Astronautics.
[1] Chernobyl
cost $200 Billion
On April 26, 1986, the world witnessed the costliest accident in history. The Chernobyl disaster has been called the biggest socio-economic catastrophe in peacetime history. 50% of the area of Ukraine is in some way contaminated. Over 200,000 people had to be evacuated and resettled while 1.7 million people were directly affected by the disaster. The death toll attributed to Chernobyl, including people who died from cancer years later, is estimated at 125,000. The total costs including cleanup, resettlement, and compensation to victims has been estimated to be roughly $200 Billion. The cost of a new steel shelter for the Chernobyl nuclear plant will cost $2 billion alone. The accident was officially attributed to power plant operators who violated plant procedures and were ignorant of the safety requirements needed.
"X-Men: First Class" Guess who showed up? | The News is NowPublic.com
"X-Men: First Class" Guess who showed up? | The News is NowPublic.com
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Thursday, June 2, 2011
Will You Become an Inflation Victim? Take This Simple Quiz 34 comments | June 1, 2011
Will You Become an Inflation Victim? Take This Simple Quiz
34 comments | June 1, 2011
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Recently, San Francisco Fed President John Williams assured the public that there won’t be runaway inflation in the United States. His remarks follow a long litany of comments from Federal Reserve officials that inflation is under control, inflation is low, and other variations of there simply is no inflation. People who know inflation history, and this includes very few people alive today, are getting little comfort from these remarks. Central bank officials have repeatedly assured the public that there is no inflation in the past despite inflation obviously existing. One of the most vocal and sustained denials took place in Weimar, Germany, in the 1920s. The central bank, the treasury department and top economists all agreed that inflation wasn’t a problem. It eventually reached 100 trillion percent.
Americans just have to open their eyes to see that inflation exists. Gasoline prices have risen from a $1.60 a gallon at the bottom of the credit crisis to almost $4.00 today. A number of food commodities, including sugar and coffee, are having sustained price rises, and food prices in the supermarket are noticeably higher. I have a friend who records all of his family’s food purchases in Quicken and even though they are eating the same foods in the same quantity, the amount they are spending has gone up 10% in the last year. Prices of clothing are also rising because commodity cotton prices broke a 150-year high recently. Copper, which has the widest of uses of all metals, has also hit an all-time high earlier this year.
Yet, the Fed tells the public not to worry as it continues one program of money printing after another. Even though this has always resulted in inflation in the past (the basic laws of arithmetic would have to be violated if it didn’t), they claim things are different this time. The continually fall back on the argument that there is a lot of slack in the economy and since U.S. unemployment is around 9%, wages can’t rise and this prevents inflation. Unfortunately, real world observations of past major inflation events indicate how absurd this line of reasoning is. Unemployment in Weimar, Germany, rose to 23% as its inflation rate reached the trillion percent level. Slack in the German economy was nothing however compared to Zimbabwe in the early 2000s. Unemployment there reached 94% and literally nobody in the entire country had a job. The inflation rate in Zimbabwe is estimated to have been at the sextillion percent level (a number so huge it might as well be infinity).
Before inflation really gets out of control, take the following quiz to find out how well-informed you are about inflation investments and how your portfolio will be affected by it.
Answer True or False
1. Safe investments like money market accounts, CDs and government bonds are just as good during high inflation as other times.
2. TIPS (Treasury Inflation Protected Securities) will at the very least maintain my capital during inflation.
3. Buy and hold in the stock market is an effective wealth building strategy during high inflation.
4. The higher the inflation rate, the better residential real estate is as an inflation hedge.
5. The U.S. dollar is the strongest currency in the world and will remain so during a period of high inflation.
6. If I have 5% of my portfolio in gold, my assets are protected from high inflation.
7. Of all possible inflation hedges, gold will provide the biggest return during high inflation.
8. When inflation is taking off, commodity prices will rise at the same rate as inflation.
9. When a government imposes wage and price controls, you can assume the inflation rate will come down and stay down.
10. Speculators are the cause of high prices during inflation.
Which Investment Would You Rather Own During High Inflation?
1. The U.S. dollar or the Australian dollar.
2. A U.S. treasury bond or a collectible Pez dispenser.
3. A house in the Chicago suburbs or a 100-acre farm in Iowa.
4. A 5-year CD or a copper mining stock.
5. Utility stocks or commodity oil.
6. Municipal bonds or Thai grade B rice.
7. TIPS or a set of silverware.
8. Long positions in U.S. treasuries or short positions in U.S. treasuries.
9. A money market account or a gold ETF (exchange traded fund).
10. British stocks or an antique map of England.
How to Grade Your Quiz
The answers to questions 1 through 10 are all false. The correct answers for questions 11 through 20 are the second choice. If you scored between 0 and 5, don’t be critical the next time you see a homeless person looking for food in a public garbage can. If you scored between 6 and 10, you will probably remain in your home, but won’t be able to heat it that much and your cupboards won’t be well stocked. If you scored between 11 and 15, you will get through a period of high inflation relatively unscathed. If you scored between 16 and 20, go to a neighborhood of high-priced homes (assuming you don’t already live in one), find someone who scored under 5 on the quiz and tell him that you will be living in his house in the future.
Explanations for questions 1 through 10: People who own liquid investment, such as money market accounts, CDs and bonds, will lose money during inflation. In the worst cases, they will lose everything. TIPS are not an effective protection because their returns are based on official inflation rates and the U.S. government has been underreporting inflation since 1983. Stock prices tend to go sideways during inflationary periods and can be highly volatile. Residential real estate is a very poor investment during inflation because it can become extremely cash flow negative because of rising taxes and maintenance costs. The U.S. dollar has not been the strongest currency in decades and it went down against every major currency between 2000 and 2010. It is good to hold gold during high inflation, but 5% isn’t enough. Gold does not produce the highest inflationary returns, silver and many other investments can outperform it. It does produce the most reliable returns however. Commodity prices actually rise much faster than the overall inflation rate (examples were cited in the beginning of the article). Wage and price controls almost always fail. They only work if government money printing is permanently halted at the same time that they are imposed. Speculators don’t cause high prices, but along with foreigners, they are universally blamed for inflation. Central bank money printing is the cause of high prices.
Explanations for questions 11 through 20: In general, tangible investments are preferred to liquid investments during inflation, so if the choice is between a money market account, CD, or bond vs. a commodity or commodity related stock, the commodity is the best investment. Antiques and collectibles are also better investments than liquid investments. Of all the public currencies in the world, the Australian dollar most closely tracks price changes in gold, so it is the top choice during inflation. Farmland is the best real estate investment during inflation. Interest rates go up during inflation, so the way to make money in bonds is to short them, not own them.
Disclosure: Author does not own any specific invest
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34 comments | June 1, 2011
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Recently, San Francisco Fed President John Williams assured the public that there won’t be runaway inflation in the United States. His remarks follow a long litany of comments from Federal Reserve officials that inflation is under control, inflation is low, and other variations of there simply is no inflation. People who know inflation history, and this includes very few people alive today, are getting little comfort from these remarks. Central bank officials have repeatedly assured the public that there is no inflation in the past despite inflation obviously existing. One of the most vocal and sustained denials took place in Weimar, Germany, in the 1920s. The central bank, the treasury department and top economists all agreed that inflation wasn’t a problem. It eventually reached 100 trillion percent.
Americans just have to open their eyes to see that inflation exists. Gasoline prices have risen from a $1.60 a gallon at the bottom of the credit crisis to almost $4.00 today. A number of food commodities, including sugar and coffee, are having sustained price rises, and food prices in the supermarket are noticeably higher. I have a friend who records all of his family’s food purchases in Quicken and even though they are eating the same foods in the same quantity, the amount they are spending has gone up 10% in the last year. Prices of clothing are also rising because commodity cotton prices broke a 150-year high recently. Copper, which has the widest of uses of all metals, has also hit an all-time high earlier this year.
Yet, the Fed tells the public not to worry as it continues one program of money printing after another. Even though this has always resulted in inflation in the past (the basic laws of arithmetic would have to be violated if it didn’t), they claim things are different this time. The continually fall back on the argument that there is a lot of slack in the economy and since U.S. unemployment is around 9%, wages can’t rise and this prevents inflation. Unfortunately, real world observations of past major inflation events indicate how absurd this line of reasoning is. Unemployment in Weimar, Germany, rose to 23% as its inflation rate reached the trillion percent level. Slack in the German economy was nothing however compared to Zimbabwe in the early 2000s. Unemployment there reached 94% and literally nobody in the entire country had a job. The inflation rate in Zimbabwe is estimated to have been at the sextillion percent level (a number so huge it might as well be infinity).
Before inflation really gets out of control, take the following quiz to find out how well-informed you are about inflation investments and how your portfolio will be affected by it.
Answer True or False
1. Safe investments like money market accounts, CDs and government bonds are just as good during high inflation as other times.
2. TIPS (Treasury Inflation Protected Securities) will at the very least maintain my capital during inflation.
3. Buy and hold in the stock market is an effective wealth building strategy during high inflation.
4. The higher the inflation rate, the better residential real estate is as an inflation hedge.
5. The U.S. dollar is the strongest currency in the world and will remain so during a period of high inflation.
6. If I have 5% of my portfolio in gold, my assets are protected from high inflation.
7. Of all possible inflation hedges, gold will provide the biggest return during high inflation.
8. When inflation is taking off, commodity prices will rise at the same rate as inflation.
9. When a government imposes wage and price controls, you can assume the inflation rate will come down and stay down.
10. Speculators are the cause of high prices during inflation.
Which Investment Would You Rather Own During High Inflation?
1. The U.S. dollar or the Australian dollar.
2. A U.S. treasury bond or a collectible Pez dispenser.
3. A house in the Chicago suburbs or a 100-acre farm in Iowa.
4. A 5-year CD or a copper mining stock.
5. Utility stocks or commodity oil.
6. Municipal bonds or Thai grade B rice.
7. TIPS or a set of silverware.
8. Long positions in U.S. treasuries or short positions in U.S. treasuries.
9. A money market account or a gold ETF (exchange traded fund).
10. British stocks or an antique map of England.
How to Grade Your Quiz
The answers to questions 1 through 10 are all false. The correct answers for questions 11 through 20 are the second choice. If you scored between 0 and 5, don’t be critical the next time you see a homeless person looking for food in a public garbage can. If you scored between 6 and 10, you will probably remain in your home, but won’t be able to heat it that much and your cupboards won’t be well stocked. If you scored between 11 and 15, you will get through a period of high inflation relatively unscathed. If you scored between 16 and 20, go to a neighborhood of high-priced homes (assuming you don’t already live in one), find someone who scored under 5 on the quiz and tell him that you will be living in his house in the future.
Explanations for questions 1 through 10: People who own liquid investment, such as money market accounts, CDs and bonds, will lose money during inflation. In the worst cases, they will lose everything. TIPS are not an effective protection because their returns are based on official inflation rates and the U.S. government has been underreporting inflation since 1983. Stock prices tend to go sideways during inflationary periods and can be highly volatile. Residential real estate is a very poor investment during inflation because it can become extremely cash flow negative because of rising taxes and maintenance costs. The U.S. dollar has not been the strongest currency in decades and it went down against every major currency between 2000 and 2010. It is good to hold gold during high inflation, but 5% isn’t enough. Gold does not produce the highest inflationary returns, silver and many other investments can outperform it. It does produce the most reliable returns however. Commodity prices actually rise much faster than the overall inflation rate (examples were cited in the beginning of the article). Wage and price controls almost always fail. They only work if government money printing is permanently halted at the same time that they are imposed. Speculators don’t cause high prices, but along with foreigners, they are universally blamed for inflation. Central bank money printing is the cause of high prices.
Explanations for questions 11 through 20: In general, tangible investments are preferred to liquid investments during inflation, so if the choice is between a money market account, CD, or bond vs. a commodity or commodity related stock, the commodity is the best investment. Antiques and collectibles are also better investments than liquid investments. Of all the public currencies in the world, the Australian dollar most closely tracks price changes in gold, so it is the top choice during inflation. Farmland is the best real estate investment during inflation. Interest rates go up during inflation, so the way to make money in bonds is to short them, not own them.
Disclosure: Author does not own any specific invest
www,topcommercialprint.com
www777marketingusa.com
Groupon Files $750 Million IPO
Groupon Files $750 Million IPO
Submitted by Tyler Durden on 06/02/2011 15:05 -0400
Capital Expenditures Digital Millennium Copyright Act Goldman Sachs Investment Grade Morgan Stanley
Here is the key data from the Morgan Stanley (lead Underwriter), Goldman Sachs and Credit Suisse-led IPO:
Q1 Revenue: $644 million, up from $44 million a year prior
Q1 Gross Profit: $270 million, 41.9% margin, up from $20 million a year prior, and down from the margin of 45.5%
Q1 Loss from operations: ($117) million compared to $8.5 million profit a year earlier.
Q1 subscribers: 83.1 million, up from 3.4 million
Q1 cash flow: $6.978 million down from $12.0 million a year earlier
Cumulative customers: 15.8 million, up from 874K
Featured merchants 56.781 up from 2,903
Groupons sold: 28 million compared to 1.76 million
Cash balance: $208.7 million; Working capital deficit: ($228.7) million
Total Assets: $541.4 million, Total Liabilities: $14.8 million
Total shares outstanding: 296,140,145
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Submitted by Tyler Durden on 06/02/2011 15:05 -0400
Capital Expenditures Digital Millennium Copyright Act Goldman Sachs Investment Grade Morgan Stanley
Here is the key data from the Morgan Stanley (lead Underwriter), Goldman Sachs and Credit Suisse-led IPO:
Q1 Revenue: $644 million, up from $44 million a year prior
Q1 Gross Profit: $270 million, 41.9% margin, up from $20 million a year prior, and down from the margin of 45.5%
Q1 Loss from operations: ($117) million compared to $8.5 million profit a year earlier.
Q1 subscribers: 83.1 million, up from 3.4 million
Q1 cash flow: $6.978 million down from $12.0 million a year earlier
Cumulative customers: 15.8 million, up from 874K
Featured merchants 56.781 up from 2,903
Groupons sold: 28 million compared to 1.76 million
Cash balance: $208.7 million; Working capital deficit: ($228.7) million
Total Assets: $541.4 million, Total Liabilities: $14.8 million
Total shares outstanding: 296,140,145
www.topcommercialprint.com
www.aplusprintingsite.com
www.777marketingusa.com
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