Techcrunch on Yahoo

Yahoo's share price is almost in the single digits:

Techcrunch

It's like watching a train wreck. Susan Decker needs to call Warren Buffett and get some advice.

Buying Opportunity?

If you are a high risk trader, today's volatility might create a good entry point for short and long term trades.

Today, I bought GE, AMAT, and GOOG. My largest purchases were in GE--I now own over 3000 shares of GE at around 16.55 a share.

Traders still have twenty five minutes to buy (or sell) before the market close.

The information on this site is provided for discussion purposes only and does not constitute investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence.

California's Ailing Government

The AP's Judy Lin reports that California faces a $28 billion deficit:

SJ Mercury

And the hits just keep on coming...

Famous Speeches

Here is a website with transcripts and some audio/video of famous speeches:

http://www.americanrhetoric.com/speechbank.htm

Here is a speech by Barbara Jordan--before Obama, Barbara Jordan spoke of change:

http://www.americanrhetoric.com/speeches/barbarajordan1992dnc.html

And here is the text of one of my favorite speeches, by Barry Goldwater:

http://www.americanrhetoric.com/speeches/barrygoldwater1964rnc.htm

We see in private property and in economy based upon and fostering private property, the one way to make government a durable ally of the whole man, rather than his determined enemy. We see in the sanctity of private property the only durable foundation for constitutional government in a free society. And -- And beyond that, we see, in cherished diversity of ways, diversity of thoughts, of motives and accomplishments. We don't seek to lead anyone's life for him. We only seek -- only seek to secure his rights, guarantee him opportunity -- guarantee him opportunity to strive, with government performing only those needed and constitutionally sanctioned tasks which cannot otherwise be performed...

Balance, diversity, creative difference: These are the elements of the Republican equation. Republicans agree -- Republicans agree heartily to disagree on many, many of their applications, but we have never disagreed on the basic fundamental issues of why you and I are Republicans.

This is a Party. This Republican Party is a Party for free men, not for blind followers, and not for conformists.

That's from 1964, back when Republicans knew what they stood for. How will the GOP recover from its 2008 defeat? All they have to do is look at the not-too-distant past for answers.

________________

Here's a link for the lawyers--speeches by U.S. Supreme Court Justices:

http://www.supremecourtus.gov/publicinfo/speeches/speeches.html

How Did You Vote?

This is the Ron Clark Academy presidential debate. Gotta love the token white guy.

Lyrics to “You Can Vote However You Like”

Obama on the left
McCain on the right
We can talk politics all night
And you can vote however you like
I said, you can vote however you like, yeah

Democratic left
Republican right
November 4th we decide
And you can vote however you like
I said, you can vote however you like, yeah

(McCain supporters)
McCain is the man
Fought for us in Vietnam
You know if anyone can
Help our country he can
Taxes droppin' low
Don't you know oil's gonna flow
Drill it low
I’ll show our economy will grow
McCain’s the best candidate
With Palin as his running mate
They’ll fight for gun rights, pro life,
The conservative right
Our future is bright
Better economy in sight
And all the world will feel our military might

(Obama supporters)
But McCain and Bush are real close right
They vote alike and keep it tight
Obama’s new, he’s younger too
The Middle Class he will help you
He’ll bring a change, he’s got the brains
McCain and Bush are just the same
You are to blame, Iraq’s a shame
Four more years would be insane

Lower your Taxes - you know Obama won’t
PROTECT THE LOWER CLASS - You know McCain won’t!
Have enough experience - you know that they don’t
STOP GLOBAL WARMING - you know that you won’t

I want Obama
FORGET OBAMA
Stick with McCain and you’re going to have some drama
We need it
HE’LL BRING IT
He’ll be it
YOU’LL SEE IT
We’ll do it
GET TO IT
Let’s move it
DO IT!

Obama on the left
McCain on the right
We can talk politics all night
And you can vote however you like
You can vote however you like, yeah

Democratic left
Republican right
November 4th we decide
And you can vote however you like, I said
You can vote however you like, yeah

I’m talking big pipelines, and low gas prices
Below $2.00 that would be nice

But to do it right we gotta start today
Finding renewable ways that are here to stay

I want Obama
FORGET OBAMA,
Stick with McCain you gonna have some drama
MORE WAR IN IRAQ
Iran he will attack
CAN’T BRING OUR TROOPS BACK
We gotta vote Barack!

Obama on the left
McCain on the right
We can talk politics all night
And you can vote however you like, I said
You can vote however you like, yeah

Democratic left
Republican right
November 4th we decide
And you can vote however you like, I said
You can vote however you like, yeah

Where Will the GOP Go Next?

Here are some articles on the battle for the GOP's future--will the Republican Party be able to contain the competing viewpoints of its reformists, traditionalists, and secular conservatives?

David Brooks: http://www.nytimes.com/2008/11/11/opinion/11brooks.html

National Review: National Review Corner

Rod Dreher: Crunchy Con

Yours Truly: Hey, Hey, Ho, Ho, Palin's Got to Go

And, just for kicks, a biblical perspective on immigration: Dr. Lindy Scott

Retirement Options for the Self-Employed

If you're self-employed, you have access to multiple retirement accounts, including a SEP IRA, a SIMPLE IRA. and, if you run your business just by yourself, an individual 401k. But how much asset protection do you really have with these retirement options? I can't vouch for the accuracy of the information below, because it's from 2005, but the basic information appears to be useful:

http://www.financewin.com/html/Taxes/200511/IRA-Protection-10193.htm

Because I save a lot of money in my retirement accounts, I've always been concerned about what would happen if I somehow received a judgment against me. Perhaps I need not have worried.

On October 17, 2005, the bankruptcy reform law, formally named The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (11 USC 101), went into effect and apparently protects most retirement accounts.

SEC. 224. PROTECTION OF RETIREMENT SAVINGS IN BANKRUPTCY.

   (a) In General.--Section 522 of title 11, United States Code, is
amended--
           (1) in subsection (b)--
                   (A) in paragraph (2)--

[[Page 119 STAT. 63]]

                         (i) in subparagraph (A), by striking ``and''
                     at the end;
                         (ii) in subparagraph (B), by striking the
                     period at the end and inserting ``; and'';
                         (iii) by adding at the end the following:
           ``(C) retirement funds to the extent that those funds are in
       a fund or account that is exempt from taxation under section
       401, 403, 408, 408A, 414, 457, or 501(a) of the Internal Revenue
       Code of 1986.''

Basically, it appears the bankruptcy law allows you to protect most retirement accounts against creditors when you declare bankruptcy. For more information, you should contact a CPA or tax attorney.