Comments by "" (@TheDavidlloydjones) on "Bloomberg Originals"
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There was an old and interesting theory, started by a guy named Hobshwme, that the entire British Empire was just a scheme for the English Lords and Ladies to rob the English working class, running the money and the blood through a long involved and meaningless path all around the planet. The most convincing bit of support for this, to my mind, is that a whole lot of other people who never had the planetary empires did as well or better than the English on the whole through those centuries.
This comes to mind as I watched this video: can this whole fracking thing be just a Ponzi scheme, with the oil, the drilling, the steel, the huge exchanges of real estate and licenses and laws and all the noise and what-not, all of that as meaningless as the British Empire?
If this video is correct, the crash to come is going to be reeeeally weird!
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There's a very bad, and very stupid, mistake at 2:59. It says "From 1970 to... the US imported most of its oil from Saudi Arabia and Russia." This is beyond false: it is kindergarten illiterate.
This is so ignorant and crazy, I hope somebody can get through to Bloomberg, fire the author and his supervisor, and replace this with a corrected video on this important topic.
US corporations make huge profits from Saudi Arabia, but the US has never imported any significant oil from there, nor from Russia. Both of them sell to Europe, China, and Japan.
The US is self-sufficient, and I the years when it wasn't, it imported from Venezuela, West Africa, and Canada.
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Pretty sad apology by White House spokesman Deese. His repeated references to US "leadership" are quite simply incorrect. I'm putting it politely.
Some in the US would like to lead. The fact is the US is crippled by know-nothing Republicans, lunatic "religious" figures, and outrageous business lobbyists.
Deese and the White House would serve America better by being frank about how they have tried and failed to lead. Cap and Trade, after all, is an American invention, dating back to work in California -- the settlement between PG&E and the Environmental Defense Fund (a Rockefeller front organization), in 1977.
As with Obamneycare, we find the left adopting the business originated solution, and unlike Obamneycare, a giveaway to the insurance industry, Cap and and Trade makes sense. It is silly of the White House to, uh, whitewash, America's failure here.
-dlj.
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Frank Underwood If that's a question, the answer is "right up above at 12:14, where you say 2. Stop playing off your pathetic life as a reason America is failing."
If you are then saying "Oh, I see where I said it, but it was only an invention which I am attributing as a form of argument," then my question remains: OK, within the confines of this discussion, just what failure do you have in mind?
And are you saying America was a failure in te past, when CEOs were paid lower multiples of line employees' wages? Or that it would be a failrure in the future, if Americans divided their incomes the way Europeans do, rather than the present way, which seems to be more like Russians and Chinese?
Best,
-dlj.
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All three points correct, and, uh, obvious and elementary. But what about American stupidity?
My favorite is Chrysler, whose "pioneer" head in China -- years after they had subcontracted out the Jeep market there -- took two years to figger out that the head of the Party in his plant also happened to be head of the union -- and also happened to be his secretary. Like, Duh. Sleepwalk much?
How many of these companies' staff in China can, ahem, read and speak the local languages? Think that might have anything to do with it?
And then there's the question of the wily Orientals' suspicious numeracy. All these western companies have their books audited by Big Three auditors who are paid by and serve management. Hel-looo... You've lied to yourselves on your books, and you haven't gotten caught. Way to go Western business geniuses!
So no, Bloomberg, your three little reasons are not the only three reasons Chinese competition rides you out on a rail.
-dlj.
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1.) Nice circuit-board, Woz, but who decided on the teak sides for the Apple, the thing we retrospectively call "the Apple I"? For all I know there were dozens of prototype-ish models out there in about 1967. The teak-sided one I saw was on a small Upper East Side network put together by the National Science Foundation, Alvin Toffler and Amitai Etzioni being two of the networkers.*
2.) I really love that bit about redesigning it to have five drilled holes instead of eight. One of the biographies of John D. Rockefeller has him critiquing a guy soldering the tops on oil cans and saving two drops of solder. "But my goodness, I saved millions that way" is roughly what he is supposed to have said.
* Around that time, Etzioni wrote an article in I think Harpers, in which he touched on the subject of memory. He said, "Some things you never forget, like the list of German prepositions which take the (ablative, or nominative or some damn thing), 'aus, auser, bei, mit, nach, zeit, tsu.'." He forgot von.
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Normally this would be a managerial and engineering error resulting in a major and expensive tragedy.
Thanks to Donald Trump, however, this is a life-threatening event for Boeing itself.
Trump has conjured into existence an America with no friends or Allies -- though Putin, Kim, Erdogan and such are his personal besties. America has competitors and opposite numbers now.
Result? Everywhere in the world there are no mid-level bureaucrats who will be perfectly happy to take any opportunity to stick it to fat baby Trump. If that means delaying, or side-lining, or even cancelling, anything to do with a large, vulnerable American corporation, so be it.
He's drawn a bulls-eye on Boeing's back, done wonders for Airbus.
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