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Galileo Blogs

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  1. Hey Ray!! OCON is finally near... I can't wait to hang out again!

  2. I will throw in my two cents here. I originally posted this response here to Mr. Veksler's post: *** You conclude by saying, “The best that new competitors can hope for in this environment is to be acquired by the giants or to establish their own patent portfolios - rather than create products than people want to use.” I don’t accept the patents versus good products dichotomy you are stating. To what extent was Apple’s willingness to invest millions of dollars to develop the iPhone dependent on the comfort it took in that its intellectual property would be protected? Its willingnes
  3. Brian, Thank you for promoting the article. I will gladly email it to anyone who emails me through this forum. Here is what I said originally about the article on HB List (hblist.com). (I modified the language slightly for this forum.): *** I am excited to announce that an article I wrote has been published in CFA Magazine, a magazine with global circulation of 100,000 that is published by CFA Institute, a finance professional organization. It is part of an "Agree / Disagree" set on the proposition: "The global market crisis calls for an expansion of regulatory oversight." I have perm
  4. Nice photos, Andrew. I bet the Chinese and Russians have an advantage in these industries because of looser pollution rules than we have. I am also curious how these plants compare to U.S., European or Japanese plants that make similar materials.
  5. Happy Birthday, Kendall! I look forward to seeing you in person at OCON in a few weeks! I feel like I've already met you online; seeing you in person will just be connecting corporeal form to disembodied soul.
  6. From the parts of his testimony I read, he builds up a "good" case for regulation, but then he says he doesn't want regulation. If he didn't want regulation, he would not have testified in front of Congress, which is the only body in the country that has the power to regulate the commodities markets. Certainly he would not have laid out his arguments to that body that irrational speculation by institutional investors is fueling the rise in the price of oil. I don't know what his real motive was in testifying, but it sure as hell wasn't to prevent regulation.
  7. In late 1998 or early 1999, oil dipped briefly below $10 per barrel. Where were those speculators then? Interestingly, at that time the U.S. dollar had been appreciating for about 4 years. It had appreciated roughly 25% by then from its bottom in 1995. The dollar is not the only factor (other factors cited in this thread are also important), but it is a significant one that explains the oil price. A good deal of today's gain in the price of oil, denominated in dollars, reflects the depreciation of the dollar. Speculators are agents that transmit fact-based expectations about future supply a
  8. The Church is trying to have Galileo and eat him, too. Little do they know that it will take far more than putting up a statue of Galileo to show that Church and reason can live in harmony. Galileo stands for reason, and reason is the opposite of faith. In fact, reason is the enemy of faith. The Church, by bringing that statue onto its holy ground, is bringing the enemy into its sanctuary. It can only end one way. Galileo's revenge for the crime the Church committed against him has been centuries in arriving, but arriving it is. As reason wins, the Church will be forced on the defensive mor
  9. I basically concur with JMartins' opinion of the series, except that I had a more favorable impression of Adams. Because he is the Founding Father I know least about, I cannot vouch for the accuracy of his portrayal. I did like the portrayal of Benjamin Franklin, who appeared in the early episodes. His depiction as a worldly, intelligent, savvy man fits with the biographical accounts of him I have read. Washington is great, and the scene of his swearing in (with Adams at his side as Vice President) in front of the cheering patriotic crowd was very moving. As for Jefferson, I am really enjoying
  10. They certainly do. That makes it all the more ironic that the FAA grounded a number of Southwest's planes for failing to perform required safety inspections. The FAA is on a warpath to enforce the letter of regulation. Meanwhile, the fatality rate of commercial airlines is (I believe) at an all time low. The last fatal accident of a U.S. carrier was at least several years ago. The lie is that regulation results in safety. It does not. Profit-seeking behavior in a capitalist society produces safety.
  11. Yes, that particular scene was annoying. I cannot imagine that any man, no matter how taciturn, after presenting his draft of such a forthright and well-crafted document as the Declaration of Independence, would react the way you describe. I almost stopped watching the series then, but I am glad I didn't. Overall, I am enjoying it. In terms of characters, Ben Franklin is my favorite so far. I do like John Adams, but he is the one Founding Father of whom I have read very little. So, it is hard for me to judge him.
  12. Yes, I saw it. I just watched the scene where George Washington is sworn in and found it quite moving. It transported me to that time, when everyone knew they had created the first republic founded on the principle of individual rights in human history. Very stirring. However, I don't understand Thomas Jefferson's characterization, as some sort of smart-alecky dandy. I have read a couple biographies of Jefferson and have visited Monticello several times. Nothing that I saw or read suggested he would have this type of personality. That is the oddest thing about the series. Overall, though
  13. If the Bush quote is an April Fool's joke, I didn't find it funny, simply because every time Bush speaks he sounds like an April Fool's joke. The humor has worn thin.
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