PG&E’s lawyers are considering taking the $71 billion company into bankruptcy as a way of avoiding any successful legal claims for damages people may have suffered during the recent wildfires. [stderr]
Last week, I used a tow strap (I keep it in my truck bag in the back of my truck) and my big Chevy Tahoe to pull a UPS truck out of a ditch. You know, the standard UPS package car – big, brown, GMC service chassis with a Grumman aluminum body with dual rear wheels. I know GMC makes 4×4 drive-trains for those things; they’re not that much more expensive, either. I would sort of expect that each UPS motor-pool would have a couple 4×4 and the rest rigged for highway driving.
One of the assets of a company is its endowment or its retirement fund. In principle, it’s money that has been set aside for employees’ pensions when they retire.
It’s fascinating to see the different ways that the “trade truce” is being reported. It also scares me because it illustrates how unquestioningly the press reports from government-issued press releases.
These are the photographs of the great Lewis Hine, who resorted to a number of subterfuges to be able to get cameras into the factories.
When you have a dim view of the situation, and Noam Chomsky comes along to summarize how he sees things, and it pretty much matches you right down the line – well, that’s depressing. Chomsky has a long history of being right: right about Vietnam, right about Linguistics, right about Iraq, right about Bush, right about Obama, and right about Trump.
I used to joke that I could wallpaper my bathroom with stock options. Back in the 90s, it seemed like every company was giving them away and everyone was either getting rich on options or wallpapering their bathroom, or both.
Back in the late 90s, when I was still hanging around with venture capitalists and investment bankers, I remember one telling me, “most of the time, if you can find asymmetric knowledge, you can monetize it.
Trump’s big “trade war” is going to result in unexpected windfalls for some people, as prices go up and new trade hot-points emerge. To say that the trade war is stupid is an understatement.
In 1999, I became a millionaire on paper by selling shares in a company that I had created for the express purpose of selling the shares. That ought to sound bizzare to you, and it is – it’s one of the weirdest parts of corporate capitalism. The entire thing feels like a scam, except that the money is very real, or it’s not, depending on what happens.