Thursday February 16, 2012

yokomoc's past comments

  • 0

    yokomoc

    Here's another one on how poor they are at predicting sovereign default

    http://professional.wsj.com/article/SB10001424053111904823804576502481646797782.html?mod=WSJhpLEFTTopStories&mg=reno-wsj

    Posted in: Moody's cuts Japan debt rating by one notch to Aa3

  • 2

    yokomoc

    The ratings agencies have power that isn't in line with their competence, integrity or level of accountability. They make money from the same companies they give ratings to - it's a total conflict of interest - but not enough money to hire the best people.

    This is a good article on it I came across this morning. http://www.guardian.co.uk/business/2011/aug/22/ratings-agencies-conflict-of-interest

    Posted in: Moody's cuts Japan debt rating by one notch to Aa3

  • 7

  • 2

    yokomoc

    Unless it's sustained for a long period this is meaningless. It'll be another 2-3yen bump then back to where you were a week later, with a tidy little loss locked in.

    Posted in: Japan ready to act over yen's historic rise

  • 14

    yokomoc

    And if you take 14:36 and turn it around you get 63:41, then if you add the last three number you get 68 - 6.8 the magnitude of the quake. I think you guys are onto something, I really do.

    Posted in: M6.8 quake jolts Fukushima, Miyagi prefectures

  • 0

    yokomoc

    Tokyo Electric Power Co (TEPCO) said the quake caused no further damage to the Fukushima Daiichi nuclear power plant, nor did it affect the Onagawa nuclear power plant in Miyagi Prefecture.

    Declaring this minutes after the quake? Good to see they're as thorough with their inspections as always.

    Posted in: M6.8 quake jolts Fukushima, Miyagi prefectures

  • 0

    yokomoc

    And this is why you keep your rants on Twitter.

    Posted in: Australian man fired for Facebook rant

  • 2

    yokomoc

    Yesterday was a scorcher but it's forecast rain tonight then cooler temps (under 30C) for the rest of the week so the supply should be fine for now.

    Posted in: Power consumption peaks in TEPCO service area

  • 0

    yokomoc

    I agree Ishihara should step down and let a woman take over.

    Posted in: Ishihara recommends World Cup team captain Sawa for PM's job

  • 8

    yokomoc

    It could of been his own initiative. Maybe he suspected the manager/staff could be taking food from the shelves and consuming it in the toilets, away from the store cameras? We need good officers like this one who can think outside the box.

    Or he could simply have been monitoring for illegal dumping.

    Posted in: Patrol officer arrested over convenience store toilet camera in Kagawa

  • 2

    yokomoc

    They'd have to change the All Blacks to the Blue Balls

    Posted in: All Blacks fans reject no-sex campaign during World Cup

  • 0

    yokomoc

    Serrano, I posted a graph in the last post showing month-on-month changes in the unemployment rate and I'm perfectly aware that the rate is much higher now than at the point Bush left office, but if you don't understand the concept of momentum I'm wasting my time here.

    Posted in: Obama hits Republicans on anti-tax stance

  • 0

    yokomoc

    Remember, he inherited a less than 6% unemployment rate

    He inherited an economy that was rapidly hemorrhaging jobs, the loss of which slowed down almost exactly when he took over from Bush.

    http://adage.com/images/bin/image/6-us-employment-chart-417.jpg

    Posted in: Obama hits Republicans on anti-tax stance

  • 0

    yokomoc

    Not sure I really missed the point actually. I tend to believe a guy like Warren Buffet, who is by all accounts a guy that knows his stuff when it comes to money would have a pretty easy time working out a compensation package for his employees that would be well below the tax rates that they are paying now.

    How so? You think he can circumvent income tax? Legally? Companies that try that usually end up on the wrong end of the IRS in time (if not the law) with penalties attached and I doubt Buffett is that unscrupulous. It's also still missing the point, even with a reduced income tax rate if that was somehow doable, it would still be well above the capital gains tax.

    Posted in: Obama hits Republicans on anti-tax stance

  • 0

    yokomoc

    Buffet is taking his case ("Our favorite holding period is forever") and generalizing. See my post at above at 11:18.

    Long-term capital gains tax is 15% in the US to my understanding, well below income tax rates. The article you linked to is pure fluff and simply wrong - Buffett is discussing taxable income which excludes anything he's "holding onto forever".

    Posted in: Obama hits Republicans on anti-tax stance

  • 0

    yokomoc

    If I was an employee of Mr. Buffet right now, I wouldn't be very amused to find out that he couldn't see fit to pay my salary based on investments also like he did to increase my take home pay and lowering the tax load on my salary. He figured it out but I guess his employees aren't worthy of it.

    I think you've missed the point here, his income comes from his personal investments and not from a salary. To tie a salary to the performance of the BH investment portfolio would still incur the standard income tax rates. That's the point he's making - those with more money and who earn there income more from investments than from their salary are subject to lower tax rates.

    Posted in: Obama hits Republicans on anti-tax stance

  • 0

    yokomoc

    A Wednesday match between England and the Netherlands at London’s Wembley stadium was canceled.

    This was going to be a charity match for Street League International which helps young out-of-work people turn their lives around. A bit of irony there.

    Posted in: Cameron vows `fightback' as Birmingham seethes

  • -1

    yokomoc

    Bluesafteypin, you seem to have misread my post and taken it as a slight on Japanese people in general. "Sad, sad people" is directed specifically at the people who attended the rally. You then call it "pathetic parade of delusional nationalism" so we're in agreement here.

    Posted in: Anti-Korean Wave in Japan turns political

  • 5

    yokomoc

    I believe it is called freedom of speech and as long as there was no violence I really do not think it calls for criticism for their action.

    Nobody's questioning their freedom of speech, just flabbergasted at their warped sense of what is important.

    Posted in: Anti-Korean Wave in Japan turns political

  • 2

    yokomoc

    This protest occurred on a Monday during the day time when most people should have been at work.

    The protest was on Sunday afternoon so unlikely they were all unemployed. Just sad people with nothing useful to do at the weekend.

    Posted in: Anti-Korean Wave in Japan turns political

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