Not a Recovery Story

8 05 2010

I used to work for a startup that provides tools (software) for medical/pharmaceutical research. We managed to survive the dot-com bubble and its aftermath. The company was on its way to being profitable, however, the current economic crisis seems to have had a bigger impact than the dot-com bubble bursting.

Recently, I got an info about the company needing to sell most of its stock on fairly bad terms in order to survive. This being a tech startup, large percentage of the shares were  Common Stock already purchased by current and ex- employees, plus there were still many outstanding Common Stock options. That stock is getting diluted to pennies for a dollar, which will surely kill the morale of many long time employees.

Some things that are mentioned as contributing to current bad condition of that company are: “decreased research”  and “healthcare reform”. Great work Nancy, Harry and Barack — that is some kind of health care reform that you brewed – one that negatively impacts companies in medical/pharmaceutical research. But who needs some fancy-schmancy new drugs while we have Aspirin.


Fort Worth Tea Party ’09

21 02 2009

Boston Tea Party

Boston Tea Party

As announced here:

***************LET YOUR VOICES BE HEARD!!!***************

Well, I told you folks it was coming to a town near you. “TEA PARTY ’09.” Let “the man” know that you’re mad, and you’re not going to take it anymore!! Bring your protest signs and indignant taxpayer attitude with you to the rally at the outside stage at The Cowtown Bar & Grill on Friday, the 27th of February, from 3pm to 7pm, located at 7108 Camp Bowie Blvd Fort Worth, TX 76116 (817) 570-7910 We hope to have a guest speaker there from KLIF radio. The “Desert Son Band” will be performing on the outside stage with their original music and some covers appropriate for the rally. Food and drink will be available for purchase.

I’ll be notifying the TV media about the rally, as well. Check out what’s been going on around the Country:

Please tell everyone you know about the event. The only way for us to be heard, is to spread the word. I’ll be putting out flyers, advertising on the internet (like this), and I’ve already been on the air with JD Wells at KLIF radio, plugging the event. If anyone knows any celebrities that would like to speak, please let me know, and we’ll schedule them in.


Some ideas for protest signs (saw them somewhere on Internet):

  • Why don’t you ask Rezko to help them get a house they can’t afford?
  • Why doesn’t Dodd get Country Wide to give them the same deal he got?

Reactions to the signing of the Spendulus

17 02 2009

Here is how the markets react to the signing of the Spendulus by Our Dear Leader.

Markets dive on the day of the Spendulus

Markets dive on the day of the Spendulus

Here are other reactions that I came across on the Internet:

  • I’m girding my loins.
  • Most politicians are soulless, power-hungry bastards, but Obama takes it to a whole new level.  Especially point one.
  • My god America is in the hands of meglomaniacal idiot
    Last week the economy was on the verge of collaps and catastrophe.  Now today, he tells us its “the begining of the end” of our troubles.. ? huh?  This guy is an overratred affirmative action hire that everyone is so willing to believe in.  In the back of everyones mind, however.. we know he’s an idiot.
  • I swear I’m ready to cry watching this joke of a POTUS
  • So far Obama hasn’t inspired the DOW to go higher with his “we’re the government and we’re here to help you” comedy act.
  • I love this idea that he is going to restore fiscal discipline while signing this bill. The Audacity of Bullshit.
  • Being broke is fun!
  • This guy is a joke.
  • I could feel my wallet getting lighter just watching it. I will make a mental note of this day for my grandchildren when the last few nails were put into the coffin for a formally free country.
  • I want to cry, but I just turned the heat down some more to save money, and I’m afraid the tears might freeze in my eyes.
  • Precedent B Hussein is going to drag this country straight down the chasm with his stupidity. He will be one of the most reviled people in history – and the morons who voted for him will stand as those who threw away the greatest nation to have ever existed – for NOTHING. Thanks, morons.
  • I can’t wait for my extra $13.00 a week.
    I’ll be able to buy that pack of gum and 2 liter of pop I’ve been eyeing since Christmas.
  • $61 B for Protecting the Vulnerable
    I can be vunerable if you want me too where do I sign up for my million.
  • I feel so fulfilled now… I will now go the the nearest McDonalds to spend my 13 bucks tax relief on two “crappy” meals. Then I will go get a case of vodka to wash it down, Maybe by the time I am sober this will have all passed.
  • Free magic unicorns for everyone!!!
  • All of the markets are dropping like stone baloons.
    At this rate I should be able to retire by the the age of… oh, about 127.
    Thanks, Ogabe!
  • Where do I go now to get my gas tank filled and my government subsidized mortgage payment coupons?
  • Yaaayyy! Where’s my Obamamuny!?
  • Tragic just freaking tragic!!!
  • What we really need is to create a government agency to do a study on the best way to spend our additional $13 a week! Then the dems can tell us, the moronic masses, where we should invest the money we just stole from our grandchildren!
  • I feel like I’m in the Twighlight Zone.
    How did this guy get elected again?
  • Have I missed the moment of silence? 😦
  • I am going to use my $8-13 bucks each week to fatten myself up so I have some reserves to pull from – got to be ready for the bread lines….
  • Imagine this scenario. A world wide recession worsening daily and we elect a man to turn it around whose only known talent is talking. That couldn’t happen in the real world, could it?
  • Have no fear, in the hands of this great man, we’ll ALL be the vulnerable before long.

What do you think about Obama’s tax cut promises?

13 11 2008

Obama has promised me $1800 tax cut.

$1800 dollars in tax cuts that Obama has promise me and my family

$1800 in tax cuts that Obama has promised my family

Does it make sense to bail out GM and others?

12 11 2008

Cadillac CTS Coupe

Cadillac CTS Coupe

Does it make sense to bail out GM and others? On the one hand, they are starting to have a lot of good products, so they might have future. On the other hand, they are mired in UAW contracts which make it difficult to be competitive.

Because of the UAW, Obama will probably bail them out. But it might be just money thrown away, and they will be asking for more handouts again in a few years.

Maybe bankruptcy would be better. Then whatever would remain of the Big Three would be more competitive.

Total worker compensation per hour in auto industry

Total worker compensation per hour in auto and other industries

Here are some interesting posts about the financial problems of the Big Three:

Here is what happened to British Car companies after the British Government bailed them out.

British Leyland Shares -- Valueless

British Leyland Shares -- Valueless

Dow Jones U.S. Coal Index down more than 15%

6 11 2008

DJUSCL index down 15.% on 11/6/08

DJUSCL index down 15.% on 11/6/08 (click to enlarge)

DJUSCL (Dow Jones U.S. Coal) lost today, second day after the elections, 15.67%. For comparison, DOW lost 4.85%.

Could this have something to do with Obama’s promise to bankrupt coal?

Obama: “electricity rates would necessarily skyrocket”

2 11 2008

So yesterday we learned that Obama thinks that painfull price signals are necessary. Today we learn about his extreme plans for CO2 cap-and-trade that would bankrupt coal industry and make electricity rates skyrocket.

[Obama] … I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.

So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.

…. You know, when I was asked earlier about the issue of coal, uh, you know – Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it – whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

BTW, 48.5% of electricity in the US is generated from coal. So if Barack is against coal, against new nuclear power, against drilling off-shore, what is his plan for the Energy?

He wants to ratchet up the electricity, gas, and generally energy prices so that consumers will no longer be able to afford it and will be forced to cut on consumption or spend money on “energy efficiency”, like new AC units ($4k a piece), smaller and/or more expensive cars etc.

Regarding commercial energy consumers, their higher energy cost would certainly trickle down and result in increases in prices of goods manufactured in the USA.

So what Obama giveth you with one hand (e.g. $500 refundable tax credit) , he with the other hand taketh away (higher energy and goods prices).

As expected media keeps silent about this.