Running a Business

USDA reverses decision to cut agriculture reports

The Agriculture Department is reinstating several reports that it had targeted for elimination two months ago in a cost-cutting move.

The department says that it will reinstate reports for industries such as catfish and trout, hops, fruits and vegetables, and bees and honey.

In October, the USDA had said that eliminating or reducing the frequency of 14 crop and livestock reports would save about $10 million.

But some farmers complained that without the reports, they would be left guessing how much to produce and when to sell.

The reports influence the price and supply of many products that people wind up consuming.

But some farmers complained that without the reports, they would be left guessing how much to produce and when to sell.

How is it that thousands of other businesses know what to  make and when to sell it  ???

Good bye Agriculture Department!!

John Corzine: Channeling Jeff Spicoli

With all respect to a classic film with two great characters:

John Corzine when asked “Where’s the money?”

“Gee, I Don’t Know”

http://www.wfmz.com/business/stocks/Corzine-I-don-t-know-where-the-money-is/-/121658/4898826/-/ajkvw7/-/index.html

 

Jon Corzine, the former chief executive officer of the bankrupt broker MF Global, apologized for his firm’s failure Thursday and told a House committee that he doesn’t know where its missing customer money went.

“I simply do not know where the money is, or why the accounts have not been reconciled to date,” Corzine said, in prepared testimony to the House Agriculture Committee on Thursday.

I can’t even pretend to be any type of financial expert, but I listen to a great show on the radio every Sunday and when this story first broke, the  hosts were completely aghast that one single cent of client money was not accounted for and that MF Global had taken a financial GAMBLE on the European bond market that was so huge, that if it went bad, they were guaranteed to go bankrupt.

 

Analysts believe MF Global may have unlawfully mixed customer money with its own, though no one at the firm has been formally accused of wrongdoing.

 

“…may have mixed customer money…..”????

BWAHAHAHAHA

1.2 BILLION dollars of customer money is missing and they say “may have”.

Green Failure, The Chicago Way !!!!

http://www.suntimes.com/news/metro/8091011-418/citys-solar-panel-deal-quietly-suspended.html

In March 2004, then-Mayor Richard M. Daley announced a deal that promised to save taxpayer money, reduce natural gas consumption and bring “green” jobs to Chicago.

But taxpayers might see red when they learn how the deal turned out. More than seven years later, the initiative has been quietly suspended amid problems with some of the equipment — and acknowledgements by city officials that taxpayers will probably lose money on the deal and never realize the energy savings that Daley touted, the Better Government Association has learned.

The arrangement centered on solar-powered hot water heating systems made by North Carolina-based Solargenix Energy LLC with technology designed at the University of Chicago.

The city agreed to spend up to $5 million on the eco-friendly systems, and install them on more than 100 public buildings, such as firehouses and police stations, yielding an estimated $7 million in energy savings over 30 years.

In exchange for that commitment — and an additional $1.7 million no-interest loan through the Daley administration — Solargenix agreed to open a factory in Chicago, employing at least 15 workers, and build the solar equipment there.

OK, let’s begin with the “back of the envelope math”.

$5 million dollars for the start up plus a $ 1.7 million NO INTEREST loan (to create 15 jobs) all to save the city $7 million over 30 YEARS !!!!!!!!!!!!!

That’s less than $250,000 of “savings” per year !!!!

Chump change for the city of Chicago !!!

BUT WAIT !!!!

There’s more !!!!!

But the deal never lived up to expectations. The city didn’t anticipate the high cost of installation, while Solargenix lost money and hasn’t seen its business flourish in Chicago as hoped. The company’s Bridgeport plant was eerily quiet on a recent weekday – no panels were being made and only two workers were seen on the factory floor.

In the end, the BGA found that one of the few beneficiaries of the deal appears to be a businessman with close ties to Daley: United Service Cos. President and CEO Rick Simon, the former chairman of the Chicago Convention & Tourism Bureau and a South Loop neighbor of the ex-mayor.

A venture led by Simon owns the building at 3622 S. Morgan St. where Solargenix opened its factory. Simon bought the structure in April 2003, three months before Solargenix signed a contract with the Daley administration, public records show. The factory was ready for business around the time of the March 2004 news conference with Daley, and Solargenix remains on a month-to-month lease with Simon.

So the only winner in this is a “friend” of da Mayor !!!!!!!!!!!!!!!

PRICELESS !!!

‘People felt that it was a good bet’

http://www.washingtontimes.com/news/2011/oct/3/obama-solyndra-people-felt-it-was-good-bet/

Excuse me Mr. President, but federal tax dollars are not to be wagered.

Hindsight is always 20/20,” Mr. Obama told “Good Morning America” anchor George Stephanopoulos in an online interview. “It went through the regular review process and people felt that it was a good bet.”

That is a lie !!!!

It did NOT go through the regular review process !!

“President Barack Obama said Monday he does not regret a $528 million loan to a solar energy company that later collapsed, saying officials always knew a clean energy loan program would not back winners 100 percent of the time.”

http://www.boston.com/news/nation/washington/articles/2011/10/03/obama_no_regrets_about_solyndra_loan/

IT’S NOT THE FUNCTION OF THE FEDERAL GOVERNMENT TO PICK WINNERS AND LOSERS !!!!!!!!!!!!!!!!

“Obama disputed that, saying China is pouring “hundreds of billions of dollars into this space.” If the United States wants to compete with China, Germany and other countries that are heavily subsidizing clean energy, “we’ve got to make sure that our guys here in the United States of America at least have a shot,” Obama said.”

It is NOT a viable business model!!!!!!!!!!

Let China and other countries WASTE HUNDREDS OF BILLIONS OF DOLLARS on products that cannot survive in the market on their own!!!!!

This is what happens when you elect a person that has never written a payroll check.

This is what happens when you elect a person that has never owned/operated/started a business.

This is what happens when you elect a person that never had executive experience.

This is what happens when you elect a Keynesian Marxist.

I wish more Americans would share my sentiment that tax dollars should be the hardest dollars to spend.

Global Warming Hysteria Story Du Jour

http://news.yahoo.com/canadian-arctic-nearly-loses-entire-ice-shelf-214311365.html

“Canadian Arctic nearly loses entire ice shelf”

“Two ice shelves that existed before Canada was settled by Europeans diminished significantly this summer, one nearly disappearing altogether, Canadian scientists say in newly published research.

The loss is important as a marker of global warming, returning the Canadian Arctic to conditions that date back thousands of years, scientists say. Floating icebergs that have broken free as a result pose a risk to offshore oil facilities and potentially to shipping lanes. The breaking apart of the ice shelves also reduces the environment that supports microbial life and changes the look of Canada’s coastline.

 

returning the Canadian Arctic to conditions that date back thousands of years”????

It melted before I ran my car??

 

This is priceless:

“Copland said their findings have not yet been peer reviewed since the research is new, but a number of scientists contacted by The Associated Press reviewed the findings, agreeing the loss in volume of ice shelves is significant.”

 

So, now the AP is a climate expert???

Judge questions honesty of Interior Department scientists

http://washingtonexaminer.com/opinion/2011/09/judge-questions-honesty-interior-department-scientists

“The case concerns how the government should manage California water supplies and at the same time seek to preserve the delta smelt, an allegedly endangered species of minnow-like fish.”

By diverting more fresh water for the delta smelt, federal officials reduce the amount available for people on farms and in cities. California’s Central Valley was long among the nation’s richest agricultural areas, producing fruits and vegetables shipped to grocery shelves across the country. Increased water diversion under President Obama and Interior Secretary Kenneth Salazar, however, has wreaked Depression-like economic havoc on the region, costing thousands of jobs, increasing food prices nationwide, and destroying a way of life for many California farm families. Unemployment in some areas of the valley has reached 40 percent.

Wanger was angered by testimony from the two scientists, Frederick V. Feyrer and Jennifer M. Norris, that he said was “false,” “contradictory” and “misleading.” He accused the Interior Department of “bad faith” in providing the two scientists as experts, and claimed their testimony was “an attempt to mislead and to deceive the court into accepting not only what is not the best science, it’s not science.” An Interior Department spokesman defended Norris and Feyrer, telling the New York Times that “we stand behind the consistent and thorough findings by our scientists on these matters and their dedicated use of the best available science.”

Wanger and the Interior Department scientists cannot both be right. The judge’s assessment of their testimony and his conclusion about the agency’s conduct in the case raise profoundly serious questions about the integrity and honesty of all the federal officials involved in the delta smelt case. And if the judge is correct in that case, taxpayers should be wondering whether other government scientists have given impeachable testimony on behalf of questionable federal environmental policies.”

It’s about time some of the environmental “science” be examined further !!!!