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CICEROSC

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  1. Nicky, I "liked" your comment because IMHO that's an excellent question. I suspect that a large part of the answer -- in those cases where it happens -- is that fraud in general and in financial cases in particular is very difficult to prove in court. An example is the mortgage crisis, where most of the people involved could honestly claim that they thought "passing the trash" was perfectly acceptable -- because of course everyone knows that "real estate always goes up." Your observation that "starting businesses to load them up with debt would be all everyone did" is excellent. But of
  2. I would have to go back and reread to go into detail, but I think I can summarize. One of the main issues is a PE tactic of loading up a target company with debt that cannot and knowingly will not be repaid, and then using the proceeds of that debt issue to pay big "management fees" to the Private Equity company. This results in a payoff to the PE owner in excess of the amount "invested." Such a pattern appears fairly commonly, and the point to look for is that these equity extractions are not being made in order to fund new capital, new equipment, new strategies, etc -- the extractions are
  3. From the article: "Private equity firms typically invest in relatively mature companies...." "It's a serious injustice to malign private equity firms as their critics do today. We should recognize that they're reorganization experts who aim to improve undervalued or underperforming businesses. Their profits should be admired." This argument is painting with a very broad brush. The argument certainly applies to some cases, but it is a very different matter to assert that it applies to every case. For the other side of the story I recommend The Buyout of America which I read in full
  4. I think this is an important topic, and it will become more important every day as we see the rise of a group of people among us who think that routine animal sacrifice is a wonderful idea. I scanned that other thread and found little that was clear and helpful other than just personal opinion. I see this page by Alex Epstein "Animal Rights' Movement Cruelty To Humans" which says "No sane person seeks to inflict needless pain on animals. Such practices, where they exist, should be condemned" and "The "animal rights" movement's emphasis on the senseless torture of animals--in the rare case
  5. This movie looks like it deserves a word of mouth campaign. Check out THIS poster.
  6. Link for stills from the movie: http://www.ropeofsilicon.com/movie/agora/stills/ And a good summary of the status: http://www.ropeofsilicon.com/article/agora...annes-reactions This really looks interesting.
  7. I gather it's not out in the US yet but is on the way. More links: http://armariummagnus.blogspot.com/2009/05...od-strikes.html http://www.variety.com/index.asp?layout=fe...940282&cs=1 THIS one is interesting about why it hasn't been released yet: http://riskybusiness.blogs.thr.com/2009/10...z-amenabar.html
  8. I searched for other mentions of this movie on the forum but did not find any, so this is just to note that this appears to be worth watching: http://www.agoralapelicula.com/ Be sure to select the English menu at the bottom, and watch the trailer under the multimedia section. Here is more info: Of the little that is known about Hypatia, the following account by Socrates Scholasticus, which was written about AD 450, is the best and most substantial. "There was a woman at Alexandria named Hypatia, daughter of the philosopher Theon, who made such attainments in literature and
  9. I completely agree and said so here: http://forums.4aynrandfans.com/index.php?s...ic=9377&hl= I hope you get better responses than I did! This really needs to happen and the sooner the better.
  10. Ed: I recently came across Jefferson's aversion to Plato when I was researching his fondness for Epicurus, which I posted about here in relation to Lucretius' poem "De Rerum Natura." My post was mainly an inquiry about an old paper written over twenty years ago in "Objectivity" comparing the views of Ayn Rand to those of Epicurus. The quote most relevant to the current conversation is this one from Jefferson's letter to William Short in 1820: “I too am an Epicurian. I consider the genuine (not the imputed) doctrines of Epicurus as containing everything rational in moral philosophy whi
  11. In my view the two lectures were a great success. At Furman, AB spoke to over a hundred students on Global Capitalism. After the lecture, the local leftists came out in force with a series of Questions in the QA session. One (by a Furman philosophy professor) was to the effect of: "How can you defend capitalism when the capital on which it is based is accumulated through oppression, racism, genocide, and slavery?" AB handled it deftly and pointed out that if oppression, racism, genocide, and slavery were the requirements for successful economies then it would have been such societies as
  12. Philosopher and Author Andrew Bernstein will be appearing twice in Greenville, South Carolina during the first week of November, 2007. On Thursday, November 8th, at 7:00 PM, Dr. Bernstein will lecture at Furman University on the topic: "Global Capitalism - The Solution to World Poverty and Oppression." More details can be found here. On Saturday, November 10th, at 3:00 PM, Dr. Bernstein will address a meeting of the New South Objectivists at the theatre at Coffee Underground, located in downtown Greenville at the intersection of Main and Coffee Streets. His topic will be: "The Literar
  13. More discussion on this question is now going on over at Mises.org: Ayn Rand and Garet Garrett This article appears fairly unbiased and evenhanded, but the comments show typical libertarian hostility toward Ms. Rand. With the publication of Garet Garrett's works over at Mises, I suspect we're going to see more of this argument. Regardless of that, and where the argument goes, Garet Garrett does seem to be a meritorious writer. Certainly there must have been Americans during the 20's and 30's who wrote articulately in opposition to the New Deal. From my reading of The Driver (an
  14. I've now had some more time to think about THE DRIVER after reading it. I yield to no one in my admiration of Ayn Rand, and in fact it's because of that, not in spite of it, that I'd like to know more about Ayn Rand's contact with this book and writer. As I've thought more, a couple of other connections are of note, particularly involving Vera, the beautiful older daughter of Henry Galt. Not only does the description of her icy personality recall a lot of the description of the early Dominique, but it's pretty striking that one of the scenes in THE DRIVER involves Vera intentionally dro
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