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Posts from ‘February, 2009’

A is A

As we are propping up the non-productive businesses on the backs of the productive ones, and as we are calling for less freedom than more freedom, should it be any surprise that Ayn Rand’s Atlas Shrugged is seeing renewed interest?
It’s truly a book worth your time. Dagny Taggart is the heroine, and you’ll find out [...]

Dark Days

I love newspapers. I always have. As a precocious kid, I’d beat my father to the morning’s Chicago Tribune and read about Neill Armstrong’s Bears, the post-Bruce Sutter Cubs, the Jerry Sloan-coached Bulls. The sports page was loaded with stars, like Bob Verdi, Bill Jauss, Bob Markus, Jerome Holtzman, Bernie Lincicome, Sam Smith and [...]

Hostile to Business, Even Harsher to Charities

The first thing that jumped out at me with Obama’s latest tax scheme was its impact on my business. We’re a manufacturing and distribution company that keeps thousands of parts in inventory. Many years ago, we implemented LIFO to account for our inventory.
LIFO literally means “Last in, First out,” and its advantage is [...]

Godspeed, Rex

 
As David Haugh explains in Thursday’s Tribune, the Rex Grossman era ends tomorrow as he enters free agency.
Plenty of Bears fans will cheer Grossman’s exit from the Bears. I am not one of them.  Grossman did not turn into the next Sid Luckman, but he was cursed by bad luck, a lack of stability and no patience [...]

About Rick Santelli…

Yesterday’s rant has made him the household name du jour.

I have a secret for you: he’s right. I’ve made money on investments. I’ve lost money on investments — big investments, too.  Some of my losses weren’t because I made uninformed decisions. Chance played a big role in it. But I played, and I knew the [...]