Category Archives: Uncategorized

Mining bitcoins is destroying the planet

My comment last month was hypothetical http://www.dailymail.co.uk/news/article-5161765/Bitcoin-mining-causing-electricity-blackouts.html For those not familiar with the process, a bitcoin is a secure virtual currency. In order to prevent a flood of that coin and a bubble market and bust, you have to create … Continue reading

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Who will be the Joseph Welch of #metoo?

In 1954, Joseph Welch stunned Senator Joseph McCarthy and his aide Roy Cohn by challenging the out of control committee accusing pretty much everyone of being a Communist. What we have going on at the moment is a cross betwen … Continue reading

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Russian Collusion

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The “Three Generation Rule”

Timothy Belk was one of the heirs of the Belk department store fortune. He is now running an organic farm with no prior farming experience. http://www.charlotteobserver.com/news/business/article187512383.html http://www.charlotteobserver.com/news/business/article86612887.html One of the other female heirs (in her 50s) married a surfer dude … Continue reading

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The Cashless Society

The year was 1976. I was attending Catawba College and involuntarily was assigned to an evening class with real adult people actually working out in the real world. Several of the men told us they were working on a business … Continue reading

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CMLS is toast

The deed is done. Facing default on Friday, Cumulus has filed a prepackaged Chapter 11 bankruptcy. If I followed the details, the existing CMLS stock is cancelled with no residual value – that wipes out the Dickey Brothers and the … Continue reading

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Koch Brothers expected to fund takeover of Time Magazine

https://www.reuters.com/article/us-time-m-a-meredith/meredith-nears-deal-to-acquire-magazine-publisher-time-sources-idUSKBN1DQ0TH Time Inc is no longer part of Time/Warner, which runs CNN – the publishing business was spun off in 2014 Time, Inc has a market capitalization of about $1.7 billion, and the group expected to make the offer is … Continue reading

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Stuy Town and Charlotte

Stuyvesant Town/Towers is a post World War II housing development built by Metropolitan Life Insurance on the East River side of Manhattan as a family friendly middle class neighborhood for returning veterans. New York City radio host and Guardian Angels … Continue reading

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Remington guns for Black Friday

A reporter for the Philadelphia Inquirer is apparently thrilled that Remington Arms has a large supply of guns available for purchase on Black Friday. http://www.philly.com/philly/blogs/inq-phillydeals/gunmaker-remington-faces-default-as-americans-buy-fewer-firearms-20171117.html Remington Arms used to be based in New York, but moved its headquarters to Madison … Continue reading

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Mobile Homes are now too expensive to afford

Bloomberg news story The Countess and I have been doing some driving further away and seeing the state of the economy and communities outside of the Charlotte bubble. Back in the 1970s, mobile Homes were everywhere, and promoted heavily on … Continue reading

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