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sherpa

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Everything posted by sherpa

  1. So what happens to the money from stock buy backs?
  2. I was the youngest of five, so the last to know. During my sixth year, I started planning to find this Santa Claus guy. Around Thanksgiving, I came up with an idea. My room was at a location where anyone watching TV could not hear. I correctly figured out that I had never fallen asleep while jumping, so when I was told to go to bed, I would simply jump on my bed all night until the guy showed up. I jumped for a very long time, expending lots of energy. A long time. I got so tired from this that eventually I collapsed, and my siblings had to wake me up on Christmas day. When I told them of my failed strategy, they exposed the thing, in sympathy.
  3. Yep. We do. Nothing wrong with that. It's what makes markets.
  4. I'm quite aware of how the Fed works and its open market operations. I'm also aware of the "prime rate," and that the Fed does not "control" it. Of course it has a huge influence over the rate, but interest rates are still "controlled" by supply and demand. "The third rate, called the Prime Rate, is the rate that most people falsely believe the Fed changes. In truth, this is the one rate the Fed has no direct control over. Even more surprising to many investors is that the term "prime rate" doesn't refer to any single rate. The term simply refers to the rates banks give their best customers on borrowing money. This rate can and does vary slightly from bank to bank and may indirectly fluctuate as the Fed changes the other two types of rates. https://www.thebalance.com/what-interest-rates-does-the-federal-res795259erve-control- Central Banks have immense control over these issues, as long as things are "normal." Nonetheless, when things get abnormal, it is supply and demand, as always. Argentina and Venezuela have proven this. The US has many advantages over those, but it is not absolute.
  5. Latest thinking by the Brits is that it's an eco-terrorist. Gatwick has just proposed a runway expansion plan, which would "bother" such an individual.
  6. I trade actively. Did so today. Interest plays and derivatives of that market are easier than stocks. Allowed me to retire early and is still my interest. The common perception is that the Fed controls interest rates. That is the perception they want to maintain, but it isn't, at the most basic level, true. The Fed is reactive, but it is kind of like the police force. If the masses decided to revolt, there isn't a police force in the world that could stop it. As long as the market goes along, Fed control of the discount rate and Fed funds rate works, but if the market moves aggressively in one direction, its quiver is limited. By the way, it isn't my habit to hit people, but the Fed does not control the "Prime rate," and can't control "any rate it wants," which is what you claimed in your post, and I'd look critically at who you think is "seriously misinformed."
  7. Nonsense. The Fed does not "control short term interest rates." The Fed controls the Fed funds rate, which is the rate banks make overnight loans to each other on money deposited at the Federal Reserve. They also control the discount rate, which the rate banks pay when they borrow directly from the Federal Reserve. To claim they "can set short term rates at any level they want" is preposterous. They operate in a free market. They have a huge influence, but the market determines what interest rates are based on supply and demand. It is a giant misunderstanding to claim that the Fed controls rates. In a relatively balanced market, it is easy to make such a claim, but it isn't true.
  8. This is pure nonsense. Higher interest rates are the result increased demand for money. Tax cuts may well add to other factors and stimulate to a level that would increase economic activity, but that is desirable, as long as debt can be managed, which is an entirely different issue. Viewing an extremely desirable return to "normal" interest rates as a negative is a silly posture.
  9. Typical British over reaction to an aviation issue. I spent ten days there when they sweated out the Icelandic volcano issue.
  10. Weird claim. About six million. That's what happened. Changing the definition of what a Jew was in 2018 doesn't change the German view in 1940, and they used their definition to kill about six million. Not the first time governments have gone after them, persecuted them, stole their property and a host other things.
  11. That's where I've been looking as well, using Aldebaran as reference. I'll give it one more try tonight, but so far, no luck.
  12. I've tried to spot it the last two nights, with no success. I am an astronomy hobbyist, so I know where to look, but this is a weak comet.
  13. I've been following them since '63, my first game, and that includes being a ball boy for two short weeks, and being a friend of an usher during the War Memorial Stadium times and watching them practice. If someone asked me to name the most dominant three since; players who were so much better that they demanded staying away from, or dealing with...... OJ.....He was on a different planet. Robert James.....Simply idiotic to ever throw at his coverage, and nobody did. Bruce Smith....Never has one man been blocked by so many for so long. Impossible to handle one on one, when he was interested.
  14. That's because nobody ever threw to the receiver Robert James was covering. Ever. Billy Shaw reportedly lost over an inch in height based on blocking. The only guy that owned Ernie Ladd.
  15. I make ceviche regularly. It's my absolute favorite food. I've been told the process will ruin the texture of chicken as it breaks down the proteins, and not to leave chicken in any acidic marinade for more than four hours, but that would vary depending on the acidity.
  16. Nobody ever made a claim that he left Ohio to kill people. The fact is that a jury convicted him of murder, after considering, and disregarding, his "fear" that he did what he did because he was afraid. You don't run over people to flee. I've seen the video, his texts and his comments. That is what eliminated his "fear" defense.
  17. It may not be a good idea to kill people at your "rally." James Alex Fields was found guilty Friday of committing first degree murder in Charlottesville, Va., after backing up his vehicle through a group of people, killing one and injuring many, Jury sentencing was today, and they recommended 400+years, though the final sentence will be forthcoming. His defense was that he was "frightened" and then a lunatic, with terrible problems originating in his youth that caused him to leave Ohio, drive to our town and kill people, as part of a moronic, despicable "protest." Oh well.
  18. What? What those voters/consumers are saying is that other interests outweigh those interests.
  19. Managed travel baseball for years, ages 10-14. Team played in three states. during summer months.
  20. I know what your saying, but once airborne, no divert necessary. Simply start the APU, which is more than adequate to serve as the second power source, and press on. APU picks up the bad side easily, and ETOPS is satisfied.
  21. You would not have diverted once in flight. Easily worked around. Not that big of a deal, and certainly would not go into a Canadian field or Iceland.
  22. Some information for those who travel international. There are a few ways to clear customs and immigration on arrival in the US. One way, the traditional method, is to fill out the forms provided prior to landing. Another is the Global Entry Program. You apply for this, pay a fee, then run your passport through a machine and a form is printed and you're on your way. I used Global Entry since its inception, and never had any issues. It made sense for me because I had to go through customs/immigration at least once per week, and sometimes six times in three days. The point of this is to make folks aware of what your status is when you get in that area, but before you are cleared through. A lot of people don't understand that none of your normal protections exist. From the time you step off the airplane until the time you clear Customs, you are in a sort of legal No Man's Land. In the country physically, but not officially. Using this reasoning, U.S. Customs has granted itself special powers. You can be verbally abused. You have no Fourth Amendment protection from unreasonable searches and seizures. They can search and confiscate your electronics without a warrant. If and when they decide to return them, they will send you a bill for the shipping. If any Customs Agent suspects you of being guilty, or even just feels like harassing you, you are guilty. No evidence required. You are not entitled to Due Process. There is no oversight, at least at the level concerning us. The bottom line is that a Customs Officer can simply type an entry into their computer system and make both your life miserable.been "scarlet lettered," and it will show every time they run it. Your passport has Your Trusted Traveler status and Global Entry privileges will be revoked. You will be locked out of the Mobile Passport system. You will be detained, searched, and questioned - sometimes very aggressively - every single time you come through. You won’t be able to take an international vacation with your family without being processed as a criminal in front of them. You won’t be able to drive across the border to Mexico or Canada for dinner without having your car torn apart when you return. If you are a U.S. citizen, they cannot bar you from entering the country, but they can detain you “for a reasonable time”. There is no definition of what “a reasonable time” is. The only way to find out what’s in the computer is to file a Freedom Of Information Act request and wait for months. Even then, the response will be heavily redacted. You will never find out who made the entry, or be able to disprove it. I have a friend who has been going through this for six months. His mistake was losing his Global Entry form between the machine printing it and him presenting it to the immigration officer, and instead of stating that, used an alternate method that airline crews use, but similar to passenger forms. After the first couple times, and after his Global Entry/Trusted Traveler/Mobile Passport status were all revoked. He tried all normal means of getting it fixed, to no avail. He filed a complaint with the CBP site and got no response, except two weeks later, when going through, the agent said, "You're the guy who wrote the letter," followed by the standard two hour delay and harassment before being allowed in. This happened to him over twenty times in seven months. The point is, don't take this process lightly. Fill out the forms carefully and answer any questions truthfully. You can get yourself into a lot of trouble if you don't.
  23. Based on my experience, I disagree. I was worried about the wifi capability using up batteries, and that simply hasn't happened on the six that have no "C" wire that I run daily for our church. The guide says to replace batteries in six months, but voltage is monitored and displayed, and all six are at the one year+ range, and still full power. One is over 18 months. Also, mentioned above was that the "C" wire is usually blue. In my experience, the blue is first stage heat, or just heat if you have a single stage. The "C" or power wire is brown. In the seven that we have, that is the case in all of them. For what its worth.
  24. And the options for them were? You really don't get this. Trump is hardly the voice of Christiandom. Most vote, I'd guess, on other issues, like basic economic sense and the view that the gov is not the answer. Nothing to do with an oath to the Nicene Creed.
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