Comments on: The last crisis….. http://www.nakedcapitalism.com/2008/08/last-crisis.html Mon, 23 Nov 2009 11:57:17 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Francois http://www.nakedcapitalism.com/2008/08/last-crisis.html#comment-12842 Francois Wed, 13 Aug 2008 03:50:00 +0000 http://www.nakedcapitalism.com/2008/08/the-last-crisis/#comment-12842 On Georgia/Russia...There is precious little (read: nothing meaningful) the US can do. Now, does anyone know of any US politician ready to bluntly acknowledge publicly this simple fact?<br/><br/>Sad Fact: No dialog can take place when spin, lies, swift-boating and Geobbelian tactics win elections. This is as much an indictment of the political class than one of the voters who either voted for the Repugnicrats or did not vote at all.<br/><br/>If it bleeds, it leads; if it thinks, it stinks.<br/><br/>What better way to screw up a country than adopting such a mind set? On Georgia/Russia…There is precious little (read: nothing meaningful) the US can do. Now, does anyone know of any US politician ready to bluntly acknowledge publicly this simple fact?

Sad Fact: No dialog can take place when spin, lies, swift-boating and Geobbelian tactics win elections. This is as much an indictment of the political class than one of the voters who either voted for the Repugnicrats or did not vote at all.

If it bleeds, it leads; if it thinks, it stinks.

What better way to screw up a country than adopting such a mind set?

]]> By: FT Woods http://www.nakedcapitalism.com/2008/08/last-crisis.html#comment-12817 FT Woods Tue, 12 Aug 2008 17:54:00 +0000 http://www.nakedcapitalism.com/2008/08/the-last-crisis/#comment-12817 Phil,<br/>So true. And what little dialogue there is, is over simplified. Phil,
So true. And what little dialogue there is, is over simplified.

]]> By: doc holiday http://www.nakedcapitalism.com/2008/08/last-crisis.html#comment-12815 doc holiday Tue, 12 Aug 2008 17:35:00 +0000 http://www.nakedcapitalism.com/2008/08/the-last-crisis/#comment-12815 Chickens Fried By Oil Prices!!!<br/><br/>Pilgrim's Pride, the largest U.S. chicken producer by volume, racked up a fiscal third-quarter loss of $52.8 million. A year earlier, it posted a profit of $62.6 million.<br/>Costs for corn and soybean meal to feed its chicken flock have been a drag for the producer. For the quarter ended June 28, Pilgrim's Pride said grain costs jumped 41% from a year ago.<br/>Meanwhile, prices for chicken-breast meat are fetching $1.33 a pound, below the five-year average for August of $1.63 a pound. Chicken companies usually make more of a profit in the summertime barbecuing season, as demand increases for breast meat. But the industry is still supplying too much chicken, hurting profits at a number of companies. Chickens Fried By Oil Prices!!!

Pilgrim’s Pride, the largest U.S. chicken producer by volume, racked up a fiscal third-quarter loss of $52.8 million. A year earlier, it posted a profit of $62.6 million.
Costs for corn and soybean meal to feed its chicken flock have been a drag for the producer. For the quarter ended June 28, Pilgrim’s Pride said grain costs jumped 41% from a year ago.
Meanwhile, prices for chicken-breast meat are fetching $1.33 a pound, below the five-year average for August of $1.63 a pound. Chicken companies usually make more of a profit in the summertime barbecuing season, as demand increases for breast meat. But the industry is still supplying too much chicken, hurting profits at a number of companies.

]]> By: Mara http://www.nakedcapitalism.com/2008/08/last-crisis.html#comment-12812 Mara Tue, 12 Aug 2008 16:59:00 +0000 http://www.nakedcapitalism.com/2008/08/the-last-crisis/#comment-12812 OK, maybe it's me, but I'm hung up on the chicken story. Who's squeezing Pilgrim's Pride that they can't raise the prices a little? Or maybe no one wants the hormone-laden dreck they sell? I switched to all organic food and I'm much happier (and healthier), despite the increased costs. OK, maybe it’s me, but I’m hung up on the chicken story. Who’s squeezing Pilgrim’s Pride that they can’t raise the prices a little? Or maybe no one wants the hormone-laden dreck they sell? I switched to all organic food and I’m much happier (and healthier), despite the increased costs.

]]> By: Matt Tyler http://www.nakedcapitalism.com/2008/08/last-crisis.html#comment-12804 Matt Tyler Tue, 12 Aug 2008 15:55:00 +0000 http://www.nakedcapitalism.com/2008/08/the-last-crisis/#comment-12804 On Georgia/Russia... it's hard to know whether McCain/Obama have nothing to say or just don't want to say it. Think of the Cuban Missile Crisis: crisis diplomacy is about sending signals, horse-trading and not-altogether-public deals that let everybody save face. Of course, in America taking nuanced positions is political suicide, and more substance just means more raw material for your opponent to spin. On Georgia/Russia… it’s hard to know whether McCain/Obama have nothing to say or just don’t want to say it. Think of the Cuban Missile Crisis: crisis diplomacy is about sending signals, horse-trading and not-altogether-public deals that let everybody save face. Of course, in America taking nuanced positions is political suicide, and more substance just means more raw material for your opponent to spin.

]]> By: doc holiday http://www.nakedcapitalism.com/2008/08/last-crisis.html#comment-12799 doc holiday Tue, 12 Aug 2008 15:05:00 +0000 http://www.nakedcapitalism.com/2008/08/the-last-crisis/#comment-12799 Re: Pilgrim's Pride, the largest chicken producer in the US is losing money on every chicken it processes..<br/><br/>>> That sounds like Chrysler, Ford, GM and most of the wall street banks that have no clue as to how to run a business; maybe the chicken industry can repackage debt and resell its debt, as if it were selling skin and bones as prime filet? Maybe they need a bailout or poultry derivatives? I guess instead of being a smartass, I should read the story and see why they have problems, and how The Fed can help with socializing insider losses... Re: Pilgrim's Pride, the largest chicken producer in the US is losing money on every chicken it processes..

>> That sounds like Chrysler, Ford, GM and most of the wall street banks that have no clue as to how to run a business; maybe the chicken industry can repackage debt and resell its debt, as if it were selling skin and bones as prime filet? Maybe they need a bailout or poultry derivatives? I guess instead of being a smartass, I should read the story and see why they have problems, and how The Fed can help with socializing insider losses…

]]> By: Phil http://www.nakedcapitalism.com/2008/08/last-crisis.html#comment-12796 Phil Tue, 12 Aug 2008 14:35:00 +0000 http://www.nakedcapitalism.com/2008/08/the-last-crisis/#comment-12796 Sad Fact:<br/>It is impossible for this country to have a grown-up conversation about any of its needs. Sad Fact:
It is impossible for this country to have a grown-up conversation about any of its needs.

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