Archive for December, 2006
Q: Who’s Right in the Mark Cuban/ David Stern NBA Feud?
Time once again for our non-investment Friday blog. For those not familiar with my Friday blog, every Friday, I essentially blog about non-investment related topics, often business related in some sense, but sometimes not at all.
Recently, David Stern fined NBA franchise Dallas Maverick’s owner Mark Cuban U.S. $100,000 for criticizing NBA referees on his blog, blogmaverick-dot-com. For those unfamiliar with this feuding duo, David Stern is the reigning commissioner of the National Basketball Association and Mark Cuban is the outspoken billionaire owner of the Dallas Mavericks who made his fortune during the dot.com boom by selling Broadcast.com to Yahoo. I like Cuban for a lot of reasons. (1) He’s probably the only billionaire that the I could hang out with and feel at ease with; (2) He’s got a big mouth; and (3) He’s bitingly sarcastic.
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December 8th, 2006
December 8, 2006 - Here’s a short casual Friday post. As sure as the sun will rise tomorrow, all toy stores will suffer a shortage of the most popular toys that your children will have asked for come Christmas, Chanukah, Kwanzaa, etc. This happens every single Holiday season. And for good reason. All toy stores know that if you’re a parent, that you’ve already promised to buy your kids the most popular toys this season. They also know if they happen to be “out-of-stock” of these popular toys, that you, the parent, will have to buy a substitute gift instead Read more …
December 8th, 2006
December 7, 2006 - I must pre-qualify this blog entry as I’m writing it from a café, that unlike previous blogs about the direction of the U.S. dollar, I have not looked at any technical charts regarding the current weakness of the dollar before writing this. However, I will say that as weak as the dollar is (and trust me, anyone, American, Spanish, Cuban, French, German and so on, knows how much the dollar has fallen if you own any dollars at all), I believe that the dollar has much further to all. Not a just a little bit, but a LOT more. I know, sorry, that’s terrible news for all you dollar holders out there.
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December 7th, 2006
December 7, 2006 - This blog entry is kind of a part II to my post about global warming opening up new shipping lanes in the Arctic Circle. Wang Shuguang, Director of the State Oceanography Bureau, in China recently stated: “in the past 20 years, the total output value of ocean industry has increased to 327 billion yuan and the annual average growth rate is about 25 percent which is much higher than the average growth rate of the national economy.”
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December 7th, 2006
December 4, 2006 - This month, Vice Chairman Donald L. Kohn of the U.S. Federal Reserve Board, spoke at the Fourth Conference of the International Research Forum on Monetary Policy in Washington, D.C. Interestingly, he noted that, “In informal terms, we are uncertain about where the economy has been, where it is now, and where it is going.” Read more …
December 4th, 2006
December 2, 2006 - I’m sure that everyone who reads this, at some point and time, has been fed up with bank fees and paltry interest rates on savings accounts. The number one complaint I’ve always heard about banks is that the “fee you to death”. There’s a fee for going into a branch and talking to a human being for services that could have been rendered through an ATM machine, there are fees for using the “wrong” ATM machines, there are fees for not keeping minimum balances, there are fees for checks, fees for credit cards, fees for doing absolutely nothing (maintenance fees), fees for doing lots of things (writing checks, requesting traveler’s checks, etc).
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December 2nd, 2006
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