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Buffett Stock Picker Simpson, Formerly of RSF, Retiring
I didn't know the 401K was implemented in 1977. ====================== It was enacted in 1977 for business executives. In 1980 the law was expanded to include rank and file employees.— August 25, 2010 7:29 p.m.
Buffett Stock Picker Simpson, Formerly of RSF, Retiring
Simpson's portfolio made 20.3% a year versus the Standard & Poor's 500's average 13.5%. ============ I don't give Simpson much credit for the high rate of return. The enactment of the 401(k) plan in 1977 pumped trillions of tax-subsidized dollars into the stock market. This is what drove stock prices upward, tax subsidies, not economic fundamentals. The torrent of 401(k) money flooding the stock market was responsible for most of Simpson's claimed 20.3% return, not his investment decisions.— August 24, 2010 9:15 p.m.
Get Used to Unemployment
As I have related before, my g/f received her Master's in Architecture at Cal and our daughter is about to begin her final year of the UCLA School of Theatre, Film and Television Master's program. ========= My barber's son graduated from the UCLA School of Theatre, Film and Television Master's program 5 years ago. The son is currently employed at Disneyland earning $11 an hour.— August 24, 2010 9:06 p.m.
Irate Judge Now Feels Lerach's Sentence Was Too Lenient
Response to post #127: You may be right, but I would like to see some evidence. Best, Bud Bauder ================ The article below states that Gerald Parsky nominated Walter for judge. Other articles state that President Bush allowed Parsky to select all nominees for federal judge in California. I would like to know how Walter came by his nomination. http://www.metnews.com/endmoapril02.html— August 24, 2010 8:15 p.m.
Irate Judge Now Feels Lerach's Sentence Was Too Lenient
Maybe Judge Walter will allow Lerach to earn public service hours by mucking out the horse stables at Ted Gildred's Rancho Santa Fe estate. Ted could certainly use the help.— August 23, 2010 8:23 p.m.
Irate Judge Now Feels Lerach's Sentence Was Too Lenient
Let's look at the big picture. This judge was appointed by Geo W Bush. Judge Walter respresented nothing but corporate interests throughout his career as a defense attorney. ============== It's unfortunate that this political hack ward heeler of a judge is presiding over the SEC's civil case against Angelo Mozilo. He likely bought his judgeship by raising campaign funds for the Republicans.— August 23, 2010 8:11 p.m.
County Unemployment Rate Jumps to 10.8%
13.1% return on an actuarially expected rate of return of 7.75% in good news no matter how you want to look at it. Does it mean we're out of the woods? Absolutely not. It means SDCERS made 5.35% more than they were expected to make. ========= That 13.1 % investment return is about as real as the hair on Jan Goldsmith's head. The banks used the money they borrowed from the taxpayer to either buy stocks directly for their own account, or to loan money to hedge funds to buy stocks on margin. This is what caused the stock market to recover, not economic fundamentals. The stock market is going to die like a junkie with a needle in his arm.— August 22, 2010 11:57 a.m.
Gay Paper Suspended, but Sends Money for Back Taxes
The deleted comments were cached by Yahoo as of 10 pm today. It did no good to remove them from the blog.— August 20, 2010 10:04 p.m.
Gay Paper Suspended, but Sends Money for Back Taxes
The video below shows how a seasoned journalist like Dan Rather handles critics. http://www.youtube.com/watch?v=gQLMuEXeGeI— August 19, 2010 8:42 p.m.
Bridgepoint Brass Dumping Stock
Response to post #91: Let's clear up this ambiguity: in what sense is she a dog? Best, Bud Bauder ==================== Kima is a real bowwowser. Kima has a face only a mother could love.— August 17, 2010 9:47 p.m.