Thursday, April 21, 2011

BOEING HAS BEEN NATIONALIZED?

who needs fiction when we have reality. boeing has decided to build a new production line for the dreamliner in south carolina, which is a right to work state. the NLRB has said this is illegal because it is punishment of unions in washington for striking in the past. WOW.

its not like they are shutting a line down in washington. they are building new capacity elsewhere. at least its in the united states! there is a reason all the foreign car manufacturer's plants are in the southeastern part of the country.

this is not union busting on boeing's part; its exercising good business judgment

the fall of the empire continues

Friday, April 15, 2011

INTERNET GAMING; LEGALIZE AND TAX

the US just indicted 3 companies and 6 people for bank fraud in connection with running internet poker sites in the US. they are all offshore and no one has been arrested.

the market in the US is 5 billion, worldwide it is $30 billion

they are probably guilty. but that is maybe not the point. we live in a global, internet world. gaming is legal and taxed when land based. lets do the same with the internet.

these companies would submit to taxation in exchange for not being subject to arrest. if we taxed them at 20%, thats $1 billion a year. not much with a trillion dollar deficit but its a start. if we legalize, the market probably increases by 4 times; this will probably cannibalize land based casinos but they can buy into the internet market.

this is much easier than figuring out what to do in libya. Qaddafi is dropping cluster bombs on civilians, so chicken shit obama handing it off to NATO is working just fine