The recent news of the F-35’s parts shortage is just the tip of the iceberg when it comes to a Titanic-sized program riddled with performance deficiencies and maintenance problems. The $1.4 trillion-dollar Joint Strike Fighter program is the most expensive weapons system in human history. A program that promised capabilities to justify its overwhelming cost […]
Archives for November 2017
YWMF Bull and Bear Portfolio Update 11.22.2017
About two months in, how is my Short-term bull-bear model performing? I couldn’t be happier. The bull-bear model has made almost 8.8% on the longs and lost only 6.4% on the shorts. If you started with $90,000 in capital and invested $10,000 in each of the long positions and sold short $10,000 of the three […]
France’s LVMH (think Christian Dior/Krug) Rolls into California Wine Country
Chris Mercer of Decanter writes that LVMH has agreed to buy Colgin Cellars, a well known Napa winery. He writes: LVMH said last night (21 November) that it had agreed to buy 60% of Colgin Cellars, which has around 10.5 hectares of vines. It marks a significant move in Napa Valley for LVMH and its owner, Bernard Arnault, who regularly […]
Should America Accept a Nuclear North Korea?
Daniel Larison, writing at The American Conservative, makes the case that America would be better served by accepting the limits of its own power, and dealing with the reality that North Korea is already a nuclear state, and that the genie cannot be put back into its bottle. He writes: The U.S. has learned to […]
Bubbles like the F-35 Boondoggle Fueled by Cash
What type of bubbles are being fueled by cheap cash? Bitcoin, da Vinci, and yes, fighter jets like the F-35 boondoggle. As Kelley Beaucar Vlahos executive editor of The American Conservative points out about the Washington bubble, “Then there is the expense to the taxpayer, which as of June is projected to be more than $406 […]
How Climate Costs Are Driving Politics in Germany
In Germany, reality is triumphing over political posturing on climate, explains Francis Menton in the Manhattan Contrarian. Over the weekend, the talks among political parties in Germany to form a coalition government collapsed. As of now, nobody seems to know what is going to happen next. And — even though there is little overt dissent […]
Where Do Americans’ Rights Come From?
Michael Scheuer, former head of the CIA’s bin Laden unit, reminds readers that Americans’ rights aren’t gifts from the government, despite what some commentators like Chuck Todd may think. He writes (abridged): Chuck Todd, (MSNBC) after Moore( Roy) had won the Republican primary, expressed astonishment that Judge Moore believed that each person’s rights — his natural […]
Wine Auction Raises $16 Million
A charity auction held each year at the Hospices de Beaune raised $16 million this year. Decanter’s Chris Mercer reports that the auctions most valuable lot sold for $495,000. He writes: The Hospices de Beaune 2017 auction raised a record 13.5 million euros (£12m, $16m), according to auction organiser Christie’s, beating the previous record set in 2015. Top […]
Happy Birthday Debbie
Can There Ever be ‘Free’ Trade?
Eamonn Fingleton, the author of In the Jaws of the Dragon: America’s Fate in the Coming Era of Chinese Hegemony writes at The American Conservative that there is “no such thing as free trade.” Despite endless rounds of negotiations on trade, Japan’s car market it still stacked against American manufacturers. Fingleton explains how this has lead to […]
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