Ponzi

Comments by Ponzi

Peregrine II? ServiceNow insiders, including Moores, dumping shares

Some investors watch their money go up in smoke, ServiceNow investors watch it go up into a cloud.
— April 5, 2013 9:07 a.m.

Shocker: nation adds only 88,000 jobs in March

The factory's that return to U.S. soil are highly automated and require few employees. It's true also that automation is now killing jobs in China. Foxconn, the company that Apple subcontracts iphone assembly to, is deploying over one million robots in the next few years. They may even build a factory in the U.S., but it will be for logistics, not a job creator. The problem with corporations having hoards of cash, and not sharing it with shareholders, isn't irresponsible acquisitions, it's having that much working capital doing nothing and offering no gain for investors. If a company has that much cash they don't know what to do with, whether it be R&D or bolting on new partners that compliment their business, then it is cash earning nothing. That's what happened to Apple and why their stock got a 40% haircut this year.
— April 5, 2013 8:31 a.m.

KPBS investigation: U-T discounted anti-Filner ads

Discounted? They were probably free. To Doug Manchester it was just paper and ink. When that pre-election political hit piece "2016: Obama's America" movie (produced and distributed by Mormons) was being advertised in full page ads almost every day in the UT-San Diego in the fall of 2012, I wondered how they had the budget! Then, come to find out, Manchester had kept his investment interest in that movie a secret. I'll bet those full page ads were printed for a discount or free as well. Manchester and his UT-San Diego should be investigated by the California Fair Political Practices Commission and the Federal Trade Commission.
— April 5, 2013 8:12 a.m.

Shocker: nation adds only 88,000 jobs in March

One word: robots. What we have not outsourced physically, we have insourced digitally. If sending factory jobs to China and elsewhere is not enough, we have imported H-1B labor for over 25 years. There's also millions of vocations, such as construction jobs, that have been disrupted by undocumented workers. But I feel most of what is happening is that companies are employing new technologies instead of humans. Robotics, artificial intelligence and other automated technologies have made corporations more productive while reducing the need for human capital. Why else do companies today report record profits, have hoards of billions in cash and yet continue to issue lay off notices?
— April 5, 2013 7:59 a.m.

Jimbo’s to take Mervyns spot in Horton Plaza

I always enjoyed Jimbo's when I lived in Del Mar. Taking on 28,000 sq. ft. is a lot of space though and Whole Foods is not far away. This expansion will be interesting to follow.
— April 5, 2013 7:55 a.m.

Senate bill tackles H-1B reform to protect American workers

This website, though somewhat outdated, is an informative source about H-1B history and abuses: **http://www.zazona.com/shameh1b/**
— April 2, 2013 8:25 a.m.

Print media, TV news hit hard last year, says Pew study

Eli Broad and Austin Beutner plan on bidding on the LA Times. There's a rumor they would convert it into a "non-profit" corporation. Warren Buffet is still looking at buying more papers too. And those small neighborhood weeklies are still popular (usually in more dense and affluent neighborhoods). The evolution of print continues, let hope it ends up in responsible hands.
— March 19, 2013 10:49 a.m.

Print media, TV news hit hard last year, says Pew study

And that's not all, the alt-weeklies are having hard times too. "The long, slow decline of alt-weeklies" is an opinion story in Reuters (3/15/13): http://blogs.reuters.com/jackshafer/2013/03/15/...
— March 19, 2013 9:31 a.m.

Will Koch brothers help Papa Doug buy LA Times or parent Tribune Co.?

"Manchester, himself a right-wing multimillionaire who in 2009 bought the San Diego Union Tribune..." 2009? No, it was almost 2012, to be more accurate It was announed in November 2011. If the LA Weekly can't get real facts straight, then what hope is there for its rumors?
— March 13, 2013 5:45 a.m.

Latham's multiple masters

Fun stories from the past... Published: Tuesday, Sept. 16 1997 - Deseret News California Assemblyman Jan Goldsmith tried to push a bill making the critters [Ferrets] legal as pets one year, but he made the mistake of wearing a new toupee to the Capitol. That was the end of the bill. According to the Sacramento Bee, House Speaker Willie Brown pointed to Goldsmith and deadpanned that the bill was "deader than that thing on his head."
— March 10, 2013 11:28 a.m.