Thursday, May 26, 2016

Memo to Sierra Club: Capital allocators tell Exxon expensive oil is bad business

Greens in Pinstripe Suits are the investment advisers doing more for the planet's CO2 emissions using economic incentive instead of the Sierra Club and others moral persuasion. The fact is that investing in expensive oil extraction is bad business for shareholders.  And in the case of Exxon Mobil, the subject of the The Economist article referenced above, there are investment groups suggesting to management that more investment in big expensive projects is bad for shareholders and that the company should throttle back and distribute capital back to shareholders to more efficiently allocate elsewhere. A similar decision is that of Shell's abandoning a multi billion oil rig project for the Arctic because of poor returns. Currently Canada's oil tar sands industry is at a juncture where the the forest fires have burned down a good portion of capacity so that a rational decision would be not to re-invest and rebuild.  Let's see.

Wednesday, May 25, 2016

Trump gathers globalization's losers, Libertarians its winners

Eduardo Porter's "We've Seen the Trump Phenomenon Before" describes world wide resistance to globalization by those who have lived to long on the losing side. Both the Republican and Democrat establishments are shocked by the outsider campaigns, where Donald Trump succeeded and Bernie Sanders would have if there were no super delegates giving the Democrat insider an insurmountable edge. Apparently top down establishment candidates are not trusted. Contrast that to Libertarian's respect for the individual with a bottom up ideology flourishing in this interconnected world.  

Monday, May 23, 2016

Trump Shooting Skeet would miss every Shot

When shooting its important to lead the target. It's the same in politics but Trumps's principal straw man is now the subject of Atlantic Monthly: "China's Twilight Years"

Sunday, May 22, 2016

Not Surprising Wealthy Resists Trump's Angry Base. Take Trade for Example

Donor's Aversion to Trump Clouds Big Funding Goal is not surprising because wealthy resist campaign's support from angry base. Let's take trade for example.  The Chamber of Commerce business interests side of the G.O.P. support free trade and the angry base who feel displaced by globalization don't. It's difficult to fathom big money being given to Trump by business interests who support free trade and freer immigration.

Thursday, May 19, 2016

For New England Republicans William Weld is a Credible VP @LPNational Candidate

William Weld, a two term Republican Governor of Massachusetts, is a compelling Vice Presidential nominee for the Libertarian Party who brings a popular and credible leadership that thinking New England Republican's find missing in Donald Trump. Weld is a Republican who can be described as fiscally conservative without the evangelical stridency that is breaking the G.O.P. apart today. That Weld was later denied an Ambassador position by the likes of Jesse Helms, the late Senator from North Carolina, is a ringing endorsement for this graduate of Communist Hill.          

Tuesday, May 17, 2016

Regal trappings, ad hoc decision making. Trump The Man who would be King

Did Hari Sreenivassen on the PBS Newshour say, "Trump is walking towards a coronation"? Let's see; regal trappings, ad hoc decision making, and blind faith in him despite the evidence to the contrary.  Isn't he already King? Our Founding Fathers declared their Independence to the King of England and today we are on the verge of putting one back on the throne.