Posts by too_cool_for_skool

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  • Lights out for LightSquared (FCC Finally Pulls Plug. Another Obama Crony Bites the Dust)

    02/15/2012 2:54:26 PM PST · 24 of 25
    too_cool_for_skool to Spktyr
    For example, the huge swaths of bandwidth that analog TV used to take up?

    Already sold off & reallocated by 2008 for around $20 billion: http://en.wikipedia.org/wiki/United_States_2008_wireless_spectrum_auction

    Frequency spectrum is a hot commodity - you really think there's a bunch of free spectrum out there that's still waiting around to be used?
  • LightSquared Fiasco Puts Harsh Spotlight on FCC's Genachowski

    02/15/2012 2:42:45 PM PST · 21 of 25
    too_cool_for_skool to Daaave
    Would this require every weapons system now in use in the U.S. arsenal that relies on GPS, to upgrade it's GPS receiver? Would civilian GPS receivers also be required to be upgraded? Would this cost very much, do you think?

    Either way someone's paying a cost. Lightsquared is probably going to go bankrupt and lose a couple billion dollars over this if they can't turn on their system.

    And you're going to be paying a cost with your continued $100 phone plans and capped data transfers if terrestrial L-band remains closed off.

    And just for full disclosure, I have no financial or political interest in Lightsquared. It just rubs me the wrong way that a new wireless system is getting torpedoed because an existing system was incorrectly designed.
  • LightSquared Fiasco Puts Harsh Spotlight on FCC's Genachowski

    02/15/2012 2:29:19 PM PST · 20 of 25
    too_cool_for_skool to fremont_steve

    I understand the engineering & economic reasons behind it. *GPS receiver* manufacturers (note I specify the receivers, not the actual system) made a design choice to use less filtering. Tighter filters require more stages, are physically bigger, require more engineering to develop, etc.

    That being said, the FCC is very clear about frequency assignments, and any system that listens to spectrum outside of their specific assigned slot is susceptible to interference. Just because they are “Johnny-come-lately” doesn’t mean they lose the rights to the spectrum they own and paid for - there’s no squatters rights in frequency spectrum.

  • LightSquared Fiasco Puts Harsh Spotlight on FCC's Genachowski

    02/15/2012 11:21:53 AM PST · 12 of 25
    too_cool_for_skool to InterceptPoint

    This is bull. Interference is easily simulated, and GPS receivers would have no problem if their filtering accounted for the maximum allowable adjacent channel interference. What they didn’t account for is that the GPS manufacturers cut corners and built cheaper filters not capable of filtering out the max. allowable interference. This was all fine when nobody was using the adjacent channel, but now that someone is trying to use it, the GPS receivers broke because of their out-of-spec filters.

    For all you non-industry people, a good analogy is that the GPS receiver manufacturers built a house with walls that did not meet the required sound-proofing code. This was all fine when nobody lived next door. Lightsquared moves in next door and wants to play loud music. The FCC says it’s ok, because they assume that the GPS receivers walls are built to code and will filter out most of the noise. But the cheap, out-of-code walls that the GPS receivers used are letting too much sound through and so they complain to the FCC.

    So instead of telling the original neighbor to fix his walls to the building code they were supposed to meet, the FCC is kicking out the new neighbor. How’s that fair?

  • NASA: (Global Warming) Observation satellite fails to reach orbit

    03/04/2011 5:10:36 PM PST · 56 of 56
    too_cool_for_skool to Prospero

    This is the 3rd Taurus XL failure, out of 9 launches, giving it only a 67% success rate. Most of the other established launch vehicles have 90+% success rates, but are significantly more expensive. The launch vehicle only cost $50 million, a bargain in the rocket world, but you get what you pay for and NASA just lost a $400 million spacecraft. Lose a buck trying to save a dime, a pity.

  • Arrested US official is actually CIA contractor

    02/21/2011 5:03:29 PM PST · 38 of 38
    too_cool_for_skool to mewykwistmas

    I’m sure the ISI is good, but the CIA makes their job a whole lot easier by sending a big ex-military-looking white male driving around Pakistan by himself. Anyone who has done any non-European travel abroad knows that white people stick out like sore thumbs among the locals. EVERYBODY notices right away.

    With all the assets and money that the CIA has, couldn’t they have sent in an agent of Indian or Pakistan descent?

  • Boeing tries the back door

    01/20/2011 3:20:06 PM PST · 59 of 59
    too_cool_for_skool to Sto Zvirat

    Boeing is now seeing what a disaster it is to outsource engineering and production with all their problems getting the 787 line up and running. I expect the next major program to have significantly more work done in-house and in the US.

  • F-35 looking more like white elephant

    01/13/2011 3:47:27 PM PST · 42 of 58
    too_cool_for_skool to G Larry

    I work in the aerospace defense industry so I’m not naive to how government bumbling and shifting requirements can drive up costs. But the contractor is often just as at fault through poor program management and shoddy engineering. Yet there is little financial penalty since most of these programs are cost-plus - the contractor continues bumbling along while the government pays for it.

    Lockheed has maneuvered itself into a good position. Program costs have exploded (+100%) and the schedule has slipped another 6 years (+60%). But they’ll get rather rewarded for their efforts because this program is “critical” to national security and must be funded. Despite a terrible track record with the F-22 and F-35, they will win future programs as well since the USAF in its myopia awarded all of the 5th-Generation fighter jets to Lockheed, effectively squeezing out Northrop and Boeing and leaving Lockheed with a monopoly on jet fighters.

    You want to fix the national budget? Get defense contractors under control.

  • F-35 looking more like white elephant

    01/13/2011 11:28:43 AM PST · 1 of 58
    too_cool_for_skool
    Lockheed Martin playing the American taxpayer like a fiddle. Business as usual.
  • No Social Security COLA Expected For 2011 News Expected To Be Bad For Democrats

    10/11/2010 7:21:08 PM PDT · 173 of 193
    too_cool_for_skool to RFEngineer

    This thread is exactly why our budget mess won’t get fixed. Everyone is all for cutting spending ... unless it’s THEIR piece of the pie that gets cut. “But I paid into it! I deserve it! It’s only fair!” goes the reply.

    I am paying into SS too. In fact, I have been blessed with a relatively well-paying job in a good industry and over my career I will probably pay more in SS taxes than most of the other posters on this board. Yet because today I am a young man, by the time I retire SS will likely be insolvent. That is why I am saving for my own retirement - I put as much into my 401k and Roth IRA as I can. Still a total of 12.4% gets taken from me and my employer every single paycheck to pay for SS that I will never get. I will pay more than you yet receive back less than you. How is this fair?

    Our country is going to suffer dramatically from decades of fiscal mismanagement within my lifetime. The only way to fix it is to slash spending, particularly entitlement spending. And the only fair way to do it is to spread out the sacrifice to ALL Americans, starting today. Yes it sucks, but it is also the fair, and right, thing to do.

  • American on US no-fly list stranded in Egypt

    06/16/2010 3:47:32 PM PDT · 40 of 57
    too_cool_for_skool to La Lydia

    They’re not saying he can’t come back into the country, they’re just saying he’s not allowed to fly into the country. Ok fine, then let him fly into Mexico and he can take a bus home - that protects us from any plane-bombing or hijacking funny business. But some reason they disallow that too. But they say he can take a boat directly into the states. Whaa?

  • American on US no-fly list stranded in Egypt

    06/16/2010 3:36:50 PM PDT · 30 of 57
    too_cool_for_skool to bgill

    If you read the article, his passport was canceled and replaced w/ one that only allows travel to the US, so he couldn’t fly to Canada or Mexico and then walk across the border even if he wanted to.

    If he is completely innocent, I’m sympathetic to his plight because I’ve done my share of international travel and some of the US Border bureaucracy is downright Kafka-esque.

  • American on US no-fly list stranded in Egypt

    06/16/2010 3:13:59 PM PDT · 1 of 57
    too_cool_for_skool
    The guy has a point, if the FBI wants to be extra careful why don't they just give him the ConAir treatment. Although in the movie everybody escapes, lol.
  • 40 Dogs Siezed After Found Living In Filth

    06/13/2010 3:07:26 PM PDT · 16 of 16
    too_cool_for_skool to too_cool_for_skool

    LOL I just realized I resurrected a 2 year old thread. Please ignore.

  • 40 Dogs Siezed After Found Living In Filth

    06/13/2010 3:01:54 PM PDT · 15 of 16
    too_cool_for_skool to Ditter

    Most people with mental illness refuse to believe there is anything wrong with them, and in most states you cannot force someone against their will into mental health treatment unless they are an immediate danger to themselves or others. Even then, they are usually only hospitalized for 72 hrs before being released.

    Even if this woman’s family wanted to get her psychiatric help, there’s no way they can impose it on her without her consent. The mental health system in this country is completely broken.

  • China says no thanks to US defense chief

    06/07/2010 6:11:03 PM PDT · 13 of 13
    too_cool_for_skool to pinochet; Eyes Unclouded

    Looking it up in Wikipedia:
    http://en.wikipedia.org/wiki/Hainan_Island_incident

    - US officially apologized, saying “We are very sorry”
    - Bush sends personal condolence letter to the Chinese fighter pilot’s widow
    - Chinese completely disassembled the plane and shipped it back to US in pieces
    - US pays China all costs for dismantling & shipping the plane
    - US pays China for room & board for jailed American crew
    - China wanted US to pay $1 million for their crashed jet, but US refused.

    Not really an uplifting story of courage, ya know?

  • Chandler Predicts Stronger Ties Between Air Force And NASA

    06/01/2010 3:45:24 PM PDT · 27 of 35
    too_cool_for_skool to texson66
    You know what also drives up costs? Dropping your NPOESS spacecraft onto the ground:



    That probably set them back a couple months & millions.

    As for requirements creep, I've been on a few big USAF satcom programs and you see the same thing. I think it's just part of the space industry.
  • Chandler Predicts Stronger Ties Between Air Force And NASA

    05/31/2010 9:17:46 PM PDT · 23 of 35
    too_cool_for_skool to sonofstrangelove

    << The military has the cash. NASA does not

    Sad, but true. It will be extremely harmful to US space exploration efforts if the USAF takes over. Grossly generalizing, but the USAF is run by former fighter pilots who continually short-change space programs to fund aircraft programs. AF generals are passionate about fighter planes. At least NASA managers are passionate about space.

  • US rifles not suited to warfare in Afghan hills

    05/22/2010 2:07:31 PM PDT · 48 of 96
    too_cool_for_skool to Jack Hydrazine

    Yeah but AK variants achieve their reliability by having really loosy-goosy tolerances - which wrecks their accuracy. I see AR variants routinely hitting 300+ yard targets at my local range - never seen it with an AK.

  • US rifles not suited to warfare in Afghan hills

    05/22/2010 2:05:20 PM PDT · 47 of 96
    too_cool_for_skool to JayVee

    My understanding is that since WWII, marksmanship was considered less important than firepower. Standard military doctrine for small-units revolves around suppressing the enemy with high firepower while a second team maneuvers in close for the kill. If further out, then you call in air strikes or artillery. But generally you try to avoid a marksmanship contest.

    Of course, according to the NYTimes, Afghan (and Taliban) marksmanship is terrible:
    http://atwar.blogs.nytimes.com/2010/04/02/the-weakness-of-taliban-marksmanship/

  • US rifles not suited to warfare in Afghan hills

    05/22/2010 11:58:33 AM PDT · 1 of 96
    too_cool_for_skool
    When did the M4 replace the M16 as the standard battle rifle?
  • Zombie Satellite Causes Astronomical Buzz

    05/11/2010 3:54:19 PM PDT · 33 of 34
    too_cool_for_skool to gilor

    Only satellites in low earth orbit (~500 mi up) get affected and slowly dragged down into the atmosphere, burning up. G15 is in geostationary orbit - 22,000 mi up. Long ways down from there - that sucker will orbit the Earth until the end of time.

    The big issue is that the satellite still has its transponders on full blast and pointed at the Earth. This will jam ground terminals that are linked to satellites adjacent to G15.

  • Former NOAA oil spill cleanup boss says Obama waited too long in Gulf disaster

    05/03/2010 1:34:28 AM PDT · 50 of 82
    too_cool_for_skool to Soothesayer9

    Y2K could have created serious problems had it not been addressed ahead of time. It only blew over because of all the time, money, and effort spent to make sure Y2K didn’t happen. And that was only after spending an estimated $300 billion worldwide and years to work by software engineers and programmers.

    Engineers can fix many things, but certain problems can’t be fixed instantly by simply throwing more money and manpower at them. These guys have to figure out how to cap a gushing well more than a mile underwater. I don’t have the foggiest idea of how they’re going to go about it. Good luck and godspeed.

  • Texas Gov. Perry Shoots Coyote During Jog

    04/28/2010 7:59:56 PM PDT · 43 of 44
    too_cool_for_skool to Mom MD; Mr Rogers

    I’m an aspiring backpacker and have always debated packing a sidearm. So far I have not, my reason being that a pistol provides a false sense of security and the false confidence would get me into situations I would normally avoid.

    For example, if I was hiking unarmed and saw signs of coyotes or mountain lions, I would be a lot more careful about avoiding the area or making noise to make them aware of my presence. I’m pretty sure if I had a trail gun, I probably wouldn’t take the extra precautions, making it much more likely that I would stumble on the predator and creating a much more dangerous situation.

    Of course, this is for short jaunts in California. If I was going out in the bush in Alaska, I’d for sure keep a bear gun slung over my shoulder.

  • UPDATED: Search Continues for 11 Missing Workers

    04/22/2010 3:56:14 PM PDT · 29 of 40
    too_cool_for_skool to TexasCajun

    Update from Yahoo News:
    http://news.yahoo.com/s/ap/us_louisiana_oil_rig_explosion

    “The sinking of the Deepwater Horizon, which burned violently until the gulf itself extinguished the fire, could unleash more than 300,000 of gallons of crude into the water every day. The environmental hazards would be greatest if the spill were to reach the Louisiana coast, some 50 miles away.”

    I’m not too familiar with the oil extraction industry, but does an uncapped well just continually spew oil into the ocean until it gets capped? Sounds like it could wreak some havoc along the Louisiana coast line if they don’t plug it quickly.

  • The Pacific: Reviewing Part Five

    04/19/2010 9:59:49 AM PDT · 37 of 37
    too_cool_for_skool to Goldsborough

    I think the “brotherhood” aspect was also really harmed by the insane casualty rate. Sledge’s “With the Old Breed” has a roll call at the end of all the marines from his company who made it through Peliliu and Okinawa together. There are only 35 names listed - and his company K/3/5 had a fighting strength of 235. I’d imagine it’d be very difficult to keep close bonds with your unit as a whole when almost all of the friends you had at the start were killed and wounded and strange replacements brought in.

    In fact Sledge becomes rather disaffected towards replacements by the end of “With the Old Breed”. Many replacements would come in and get killed and wounded before anyone even knew their names. It wasn’t even worth becoming emotionally invested in a replacement just to watch him get killed within a few days.

    While this may not mesh with the glorified perception that many of us have about WWII, it was a harsh reality.

  • The Pacific: Reviewing Part Five

    04/19/2010 12:22:56 AM PDT · 36 of 37
    too_cool_for_skool to Goldsborough

    That was really, really well said. Bravo.

  • Wikileaks Releases Video Depicting US Military Slaying of Dozen Iraqis (+ 2 Reuters Employees)

    04/06/2010 2:11:44 PM PDT · 80 of 86
    too_cool_for_skool to DBeers

    In this country we have a movement to be able to open carry firearms without being harassed by our government.

    I have no sympathy for terrorists, but hearing this argument of “They were OCing so they deserved to die” just sends chills down my spine.

  • 15 new suspects in Dubai murder plot

    02/24/2010 1:05:27 PM PST · 37 of 59
    too_cool_for_skool to cricket

    Maybe the blonde was a little ambiguous looking, but all the male suspects look pretty Jewish to me. What country would most likely recruit a team of 30 Jewish looking agents? Hmmmm...

  • China to display missiles that could hit American ships

    10/01/2009 6:14:26 PM PDT · 45 of 46
    too_cool_for_skool to JasonC

    We can all sit around and make claims that the US carrier is invincible, but this fact hasn’t been tested in a long time. In fact I believe the last time a US carrier group faced a peer adversary was in World War II.

    China has been aggressively pursuing “carrier killer” technologies - particularly cruise missiles and submarines. I can’t speak for the effectiveness of the Chinese missiles or the American anti-missile systems. However, there was an incident a few years back where a Chinese sub surfaced in the middle of a carrier group, completely undetected, and within torpedo range of a US carrier. Caught the Navy completely by surprise.

    I’m a little worried that the USN hasn’t had a real conflict in so long that none of their major tactics or operations have been stressed and tested. Of course I also don’t foresee us going to war with a peer adversary anytime soon either, so its kind of a moot worry.

  • Gates: AP decision 'appalling' (AP publishes photos of dead soldier regardless of parents wishes)

    09/04/2009 11:58:46 AM PDT · 37 of 78
    too_cool_for_skool to Wild Irish Rogue

    Despite all the outrage surrounding the published pictures, the article itself is pretty good story. I kind of wish we’d see more embedded reporting from the front lines, ala Ernie Pyle.

  • Winslow Wheeler's F-22 arguments

    07/20/2009 6:24:07 PM PDT · 33 of 37
    too_cool_for_skool to buccaneer81

    You don’t increase technology capability by building more of what you already have. You increase technology by R&Ding the next generation fighter.

    The F22 has nobody to fight. Instead of spending money churning out clones which benefits nobody except for people working the production line, how about taking that money and spinning up development for a Gen 5.5 - 6 fighter?

  • Battle lines form over fate of F-22 fighter: Obama vows to veto funds

    07/17/2009 4:58:16 PM PDT · 25 of 30
    too_cool_for_skool to ProtectOurFreedom

    The USAF is claiming the F-22 has a 150:1 kill ratio in exercises. Even if the real life kill ratio is a fraction of this at 50:1, that means the existing 187 F-22s would match up with 9000 enemy fighters - more than all the fighter jets in the world put together.

    Cap the order at 187 and spend the money on developing the 6th generation fighter.

  • Democrats use hate crimes measure to counter F-22 veto threat [McCain interrupted]

    07/17/2009 1:44:17 AM PDT · 13 of 15
    too_cool_for_skool to The Pack Knight

    The F-22 has nobody to fight. Judging the current geopolitical situation, it is very unlikely that the US will face a peer in a war over the next 20 years. By then we will have moved on to the 6th generation fighter and the F22 will be retired!

    Unfortunately I think the F22 will end up a lot like the F117 and the B2 - they will advance the technology but won’t have much actual use. Pushing the state of the art is always a good thing, but there’s no reason to purchase a bunch of additional copies we don’t need.

  • The Growing Air Power Fighter Gap: Implications for U.S. National Security

    07/17/2009 1:10:10 AM PDT · 37 of 37
    too_cool_for_skool to mbynack

    Additionally, a jammed comm signal will not cause UAVs to fall out of the sky. Even today’s generation of UAVs have contingencies in the case that they lose communications with ground controllers - they autonomously fly back and loiter around their home airfield until comm can be reestablished.

    Second, wireless communications systems are getting better and better and there are a ton of jamming countermeasures. Unfortunately, the USAF finds fighter jets to be much sexier than communications satellite systems. While a program of questionable utility like the F22 gets hundreds of billions, next generation SatCom programs such as TSAT get their budgets slashed or outright canceled.

    It’s rather disingenuous for the USAF to purposely neglect developing reliable, protected communications and then claim that UAVs cannot replace manned aircraft because the comm links are unreliable and unprotected.

  • The Growing Air Power Fighter Gap: Implications for U.S. National Security

    07/17/2009 12:53:15 AM PDT · 36 of 37
    too_cool_for_skool to mbynack

    Enough with all the UAV bashing. First of all, a UAV can be piloted from the ground with all the situational awareness of a pilot in the air. The ground operator can see the same instrumentation data that a pilot in the cockpit can. High def cameras can provide the same range of vision that a in-cockpit pilot has.

    The UAV will be able to execute maneuvers that would generate enough G-forces to kill an in-cockpit human pilot. In fact, the F22 can already do this, but its flight controls computer has an active limiter that prevents pilots from pulling a 12G turn.

    UAVs are expendable. Pilots are not. If a UAV gets shot down, the operator can simply stretch his legs, go to the bathroom, and grab a drink of water before coming back and grabbing control of another UAV.

    UAVs will be significantly cheaper. No special ejection, life support, or pilot comfort systems are required. Airframe geometry would not be dictated by having to comfortably seat a human pilot. Billions of dollars were spent on designing the F22 canopy so it could be stealthy AND allow the pilot to see outside - a non-issue for UAVs.

  • Don’t Believe The Pundits On This Being China’s Century

    07/08/2009 12:34:50 AM PDT · 11 of 12
    too_cool_for_skool to fatez

    <<They have had a real problem managing growth, now they will have to start managing an aging and shrinking population.

    I’m pretty sure the entire goal of their one-child policy was to stifle or even reverse population growth. China, despite all the media hype, is still pretty poor and has all sorts of problems associated with overpopulation - not enough food or fresh water, too much garbage and pollution, lots of environmental destruction, crowded and dirty cities, lack of services, etc. Although cruel and immoral, throttling population growth probably prevented China from going down the same path as most African countries with their gigantic population growth and absolutely chaotic social, political, and living conditions.

  • Armed Assailants Stormed Dorms

    07/07/2009 11:56:27 PM PDT · 36 of 47
    too_cool_for_skool to Zhang Fei
    That last rant sounded kind of familiar, and then I suddenly realized why:

    I suspect this is all AMERICAN propaganda. If the MEXICANS had all these wonderful privileges, they wouldn't be working at the lowest of migrant worker wages a thousand miles away in NEW YORK province, would they? NEW YORK bosses brought MEXICANS in to work at wages even lower than they normally pay AMERICAN migrant workers (which is pretty darned low). Meanwhile the government trucked millions of AMERICAN workers to build the infrastructure so they can import millions of additional AMERICANS. The choice areas are reserved for AMERICANS, whereas the remote locales are returned to the MEXICANS.


    This isn't about affirmative action. It's about freedom from wholesale AMERICAN theft of hundreds of thousands of square miles of MEXICAN lands and colonial oppression - it's about nationhood and self-determination. The kind of self-determination that over 100 countries received in the 20th century. It's about reversing an AMERICAN land grab from 1848, a time when the European powers were *setting free* territories they had ruled for hundreds of years.

  • Geithner tells China its dollar assets are safe (Chinese audience laughs at him)

    06/01/2009 7:13:44 PM PDT · 40 of 41
    too_cool_for_skool to Quix

    << 1. food. They’ll eat virtually anything that grows or wiggles . . . and can leave virtually little of even the bones of a chicken meal.

    << 2. money. They save like the dickens.

    Part of it might be driven by past experiences. People forget that China isn’t some all-powerful nation - for most of the last 100 years it was pretty messed up and desperately poor place. As recent as the 1960s, there was a gigantic famine in China that killed 20-30 million people. If I had lived through that, you bet I’d learn to eat fried worms and hoard every last nickel.

    You see the same thing in most immigrants who lose everything due to war, famine, or social upheaval. They work like crazy and squirrel away all their money as if its going to happen all over again. Heh, but too bad it usually doesn’t pass on to the kids.

  • Ten High-Tech Weapons to Repel Pirates

    04/15/2009 10:26:41 AM PDT · 39 of 60
    too_cool_for_skool to Non-Sequitur

    My guess is it would be cheaper and less of a hassle for ship owners and captains to simply avoid the area by going around the Horn of Africa. Or buying more insurance.

    Not very macho, but probably more economical than hiring full-time security details with helos and forward operating bases.

  • VIDEO: Newt: I would've disabled missile

    04/05/2009 2:06:09 PM PDT · 57 of 57
    too_cool_for_skool to edcoil

    It’s called dual-purpose technology. If you can place a satellite into orbit, you can place a nuke anywhere in the world.

    The only difference between a satellite and an ICBM is the ICBM orbit intersects with the surface of the earth.

  • Dallas police delayed NFL player as relative died

    03/26/2009 6:45:40 PM PDT · 74 of 87
    too_cool_for_skool to conservatism_IS_compassion

    The people defending the cop in this thread seem to be completely lacking any heart or empathy. When I got the call that my mother was going to die soon (cancer), I HAULED ASS to get to her. I would gladly go to jail on reckless driving, fleeing the scene, or resisting arrest if it meant I could be with her when she passed to the other side.

    At least Moats’s wife was able to be by her mother’s side when she died. What’s truly inexcusable to me is that Moat’s grandfather-in-law was also held up by that cop along with Moats and IT WAS HIS DAUGHTER WHO DIED. Un-freaking-believable.

    Death of a loved one is already an overwhelming experience. I can’t even imagine how I’d react if I was put in his situation. It’s a credit to Moats that he didn’t punch the smug smile off the cop’s face.

  • Dear A.I.G., I Quit!

    03/25/2009 11:56:26 AM PDT · 41 of 71
    too_cool_for_skool to Jo Nuvark

    According to the Deal Book blog (dealbook.blogs.nytimes.com), the contracts were written such that the AIG execs would’ve gotten their bonuses irregardless of performance.

    So why even bother setting a $1 salary with a guaranteed million dollar bonus? Why not just give them a million dollar salary?

  • House passes bill taxing AIG and other bonuses (HR 1586: Tax 90% over $250,000)

    03/19/2009 6:37:33 PM PDT · 233 of 252
    too_cool_for_skool to JrsyJack
    << Do you begrudge a person the opportunity to bring home a little extra when times are rough?

    I don't, but this isn't just a "little extra." This is people making quarter million and up. As a hardworking, normal guy on the bottom of the corporate food chain, though, I find it difficult to feel sympathy for their plight.

    A little more reading material about the bonuses about the AIG bonuses at:
    http://dealbook.blogs.nytimes.com/2009/03/17/the-case-for-paying-out-bonuses-at-aig/

    A.I.G. employees concocted complex derivatives that then wormed their way through the global financial system. If they leave — the buzz on Wall Street is that some have, and more are ready to — they might simply turn around and trade against A.I.G.’s book. Why not? They know how bad it is. They built it.

    So as unpalatable as it seems, taxpayers need to keep some of these brainiacs in their seats, if only to prevent them from turning against the company. In the end, we may actually be better off if they can figure out how to unwind these tricky investments.

    As distasteful as of this bonus bruhaha is, I can't get too worked up about it. In the grand scheme of things $160 million in bonuses is one one-thousandth of the $160 billion the government has already shoveled into AIG. Will that money ever be recouped? Probably not, so what difference does another 0.1% make?

  • House passes bill taxing AIG and other bonuses (HR 1586: Tax 90% over $250,000)

    03/19/2009 3:08:26 PM PDT · 217 of 252
    too_cool_for_skool to JrsyJack
    I can guarantee you that many operations staff and finance personnel were offered retention bonuses at AIG. As the previous posters have stated, believing that all this money was paid to 50 people at AIG-FP is naive.

    It's even more naive to think that its regular line staff getting big bonuses. Anyone who's worked in the finance industry (or any large corporation for that matter) knows that bonus compensation is very disproportionately distributed - nearly all of it goes to a few top executives.

    These AIG bonuses were no different - the vast majority of the money DID go to just a handful of people. From NYTimes:

    'On Tuesday, Mr. Cuomo reported that 73 A.I.G. employees were paid more than $1 million in bonuses.

    "The highest bonus was $6.4 million, and six other employees received more than $4 million, according to Mr. Cuomo. Another 15 people received bonuses of more than $2 million, and another 51 people received bonuses of $1 million to $2 million."'

    http://dealbook.blogs.nytimes.com/2009/03/19/cuomo-gets-list-of-aig-bonus-recipients/

    If you total that up, those 73 guys took off with at least 2/3 of the total bonus money. And out of those guys, 11 have already jumped ship after getting their money and left the company.

    So much for "retention".

  • Airbus to Offer Obama a Superjumbo

    01/17/2009 11:20:39 PM PST · 74 of 77
    too_cool_for_skool to MahatmaGandu
    LOL - have you ever been to Washington? The entire state consists of Subaru-driving, Starbucks-sipping, REI-shopping hippies. Washington is as Blue as Texas is Red.
  • China’s BX-1 microsatellite: a litmus test for space weaponization

    10/23/2008 7:23:35 PM PDT · 8 of 9
    too_cool_for_skool to ken21

    Meanwhile the USAF continues to slash funding to space programs. How much longer before the Chinese catch up?

  • 80% Americans under stress due to financial crisis: Survey

    10/13/2008 6:32:43 PM PDT · 49 of 50
    too_cool_for_skool to steve86

    The tricky part is timing this dead-cat bounce. Really easy to get caught on the wrong side of a trade with the DOW swinging hundreds of points in either direction every day.

  • What History Tells Us About the Market

    10/13/2008 6:24:31 PM PDT · 42 of 45
    too_cool_for_skool to HD1200

    Robert Schiller has been warning about a substantial housing correction ever since I started following the real estate bubble back in 2005. I don’t know about his predictions about the dot-com bubble, but he’s been dead-on about the real estate bubble.

    Granted, he wasn’t alone - a lot of people saw that housing gains were headed for a catastrophe back then, but they were routinely labeled as Debbie Downers and promptly ignored. Nobody likes a Jeremiah or a Cassandra ...

  • HUD: Five Million Fraudulent Mortgages Held by Illegals

    10/08/2008 6:13:06 PM PDT · 118 of 198
    too_cool_for_skool to dennisw

    According to Wall Street Journal, only 75.5 million households own homes: http://online.wsj.com/article/SB122341352084512611.html

    About 50 million of these homes have outstanding mortgages:
    http://calculatedrisk.blogspot.com/2007/12/homeowners-with-negative-equity.html

    5 million mortgages by illegals means 10% of all mortgaged homes in the US are by illegals? 5 million mortgages also means 5 million people have had their SSNs stolen by an illegal and used to buy a house. I’m pretty sure I’d notice a newly issued mortgage in my credit report.

    Doesn’t pass the smell-test ...