Money and Finance
- Buffett Not Worried About Fiscal Cliff
Thanks to Will for passing this along. NEW YORK (CNNMoney) -- Warren Buffett is not worried about the fiscal cliff. While it's not ideal, the founder of Berkshire Hathaway (BRKA, Fortune 500) thinks that President Obama must be willing to keep...
- End Looms For Era Of Cheap Chinese Labor
It feels like the end of an era. The spate of strikes and suicides that have rocked China’s southern manufacturing belt over the last fortnight could well go down as the moment that China stopped being a place of endless cheap labor. And for the economy,...
- Jackpot!
I don't think there's anyone, in the U.S. at least, that hasn't heard about the $1.3 $1.4 $1.5 B Powerball lottery that will be drawn tonight. That's right a B not an M. A 1 and a 5 and then 8 0's. I don't normally purchase...
- New Year's Resolutions + Happy New Year
I hope you had a great Christmas. These are my goals for 2015. Investing Goals 1) Have a 12 month annual expected dividend of $1,500. 2) Receive $1,000 in dividends. 3) Create a sharebuilder Motif Loyal 3 account and invest regularly in defensive...
- Ge Dividend Increase
Morning Reader(s), GE increase its dividend by $0.01 on Friday. Since I own 48 shares of GE my forward dividend increased by $1.92. Some commentators have been complaining the $0.01 increase. In my opinion, I just received a bigger raise than the majority...
Money and Finance
Looming Port Strike Deadline Pressures Obama to Intervene
This seems like a story that should be getting a little more attention. I talked to someone this morning who works for a manufacturing firm and they've been having weekly meetings on this for 3 months. They've built up an extra month's inventory just in case, but since every day of strike means about 7 days of backup in the ports, that one month's supply would only be good if the strike lasted for less than about 5 days. Finding alternate routes is difficult, both because other companies will be doing the same thing and the fact that some of their product could freeze if the shipping route goes too far north.
President Barack Obama is facing pressure to intervene and prevent a strike that would gridlock eastern U.S. ports and risk damaging industries from retail to manufacturing.
Federal mediators have been pushing for a deal between dockworkers and their employers before a Dec. 29 deadline. Talks between the International Longshoremen’s Association and the U.S. Maritime Alliance broke down last week amid a dispute over so-called container royalty fees, or levies that supplement wages.
A walkout would be the first at East Coast and Gulf Coast ports since 1977, and would halt shipments of containerized cargo, including clothing, frozen foods and car parts. Obama would be left to choose between forsaking a pro-labor stance by invoking the 1947 Taft-Hartley Act and allowing a union action that could compound the effects of the fiscal cliff.
- Buffett Not Worried About Fiscal Cliff
Thanks to Will for passing this along. NEW YORK (CNNMoney) -- Warren Buffett is not worried about the fiscal cliff. While it's not ideal, the founder of Berkshire Hathaway (BRKA, Fortune 500) thinks that President Obama must be willing to keep...
- End Looms For Era Of Cheap Chinese Labor
It feels like the end of an era. The spate of strikes and suicides that have rocked China’s southern manufacturing belt over the last fortnight could well go down as the moment that China stopped being a place of endless cheap labor. And for the economy,...
- Jackpot!
I don't think there's anyone, in the U.S. at least, that hasn't heard about the $1.3 $1.4 $1.5 B Powerball lottery that will be drawn tonight. That's right a B not an M. A 1 and a 5 and then 8 0's. I don't normally purchase...
- New Year's Resolutions + Happy New Year
I hope you had a great Christmas. These are my goals for 2015. Investing Goals 1) Have a 12 month annual expected dividend of $1,500. 2) Receive $1,000 in dividends. 3) Create a sharebuilder Motif Loyal 3 account and invest regularly in defensive...
- Ge Dividend Increase
Morning Reader(s), GE increase its dividend by $0.01 on Friday. Since I own 48 shares of GE my forward dividend increased by $1.92. Some commentators have been complaining the $0.01 increase. In my opinion, I just received a bigger raise than the majority...