Friday, May 19, 2006

90 Years of Progress?

I really don't enjoy ripping on the Big 3 domestic automakers, but come on folks, sometimes its just too easy. The following quote was pulled from the Ford website:

"There's simply no two ways about this fuel question. Gasoline is going - alcohol is coming. It's coming to stay, too, for it's in unlimited supply. And we might as well get ready for it now. All the world is waiting for a substitute to gasoline. When that is gone, there will be no more gasoline, and long before that time, the price of gasoline will have risen to a point where it will be too expensive to burn as a motor fuel. The day is not far distant when, for every one of those barrels of gasoline, a barrel of alcohol must be substituted."

Now for those at home, you're probably thinking this is some politically correct rhetoric spat out by current chairman Bill Clay Ford.

However, you'd also be wrong.

The above statement was quoted by Henry Ford, thats right, the Henry Ford, in the December, 1916 issue of The Detroit News.

Yup, 90 years ago it was no mystery that we'd be in our current prediciment. In the mean time, minus the past 3 or 4 years, we've barely made even a dent in our reliance on oil and gasoline. Pathetic.

Thursday, May 18, 2006

How to Kill Two Birds With One Stone

Two issues are alive and well in America today:

1) Immigration

2) Outsourcing

Now I am just wondering why I have not heard a single pundit or politician mention these two issues in the same speech. It seems so blatnetly simple to me, well, maybe that's why the politicians haven't figured it out.

Why are we outsourcing everything to India, on the opposite side of the Earth, when we could just outsource to Mexico, our next-door neighbor? Subsidize a few initial corporations to go down there and start operations, start english-language and computer education (like that in India), and bam! No more illegal immigrants (since the jobs would be in Mexico), and no more higher costs of outsourcing to a country 7800 miles away! (New York to Bombay).

This of course, like any plan, is not without fault, however compared to the current proposals circulating around Washington, I think I just might be on to something. Feedback appreciated.
Thanks.

Friday, May 12, 2006

Tooting My Own Horn

Not to brag, but a month ago when I wrote about how Telecom, etc was overvalued, JDS Uniphase specifically, I was really playing the lone wolf role and getting out ahead of the pack.

Since then however, JDSU's stock has plummetted from ~$4.20 to $3.03. For those playing the home game, that'd be a 27.9% drop.

I'm not 100% right 100% of the time...

...but I'm damn good (and humble!)