Message Forum

Welcome to the Richardson High School Message Forum.

The Message Forum is an ongoing dialogue among classmates. The goal is to encourage friendly interaction, including interaction among classmates who really didn't know each other. Experience on the site has revealed that certain topics tend to cause friction and hard feelings, especially politics and religion. 

Although politics and religion are not completely off-limits, classmates are asked to be positive in their posts and not to be too repetitive or allow a dialog to degenerate into an argument. 

Forums work when people participate - so don't be bashful! Click the "Post Response" button to add your entry to the forum.


 
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12/08/21 07:34 AM #23138    

 

David Cordell

I love the subtlety of big media.

Last night, apparently some 49-year-old idiot set the 30-foot Fox News Christmas tree on fire. Here is the NY Times online headline.

Fox News Christmas Tree Catches Fire in Manhattan

Catches fire?? That sounds so passive. Uh, something happened. No. Rather, some low-life scum (and yes, I will use that term) deliberately set it on fire.  

OK. It's a small point, but headlines matter. On the positive side, the story does explain that the apparent perp was in custody.

How about this?

Lowlife scum arsonist sets fire to beautiful Christmas tree that was enjoyed by millions


12/08/21 08:42 AM #23139    

 

Steve Keene

Melinda W. C.,

No offense intended to you.  I have offerred up many equities that I thought were good deals on the forum including bitcoin in the past  For your reference, I had one of those SEC series tests back in the early 1990's.  I was struck by your pitch which seemed so canned and what was the type of thing that I made everyone say during the "if you don't have an oil well, get one" days.  I had a boiler room operation with maybe 30 people dialing for dollars to complete strangers.  About that time the SEC called my partner and me in and read us the riot act.  They indicted my partner, but I had seen them coming for about two months and took the legal step of filing a lawsuit against my own firm for failing to segregate the funds received for investment from operating expenses, which I filed the day I got a call that they wanted me to come in next week and talk.  I also had made sure that paperwork showed I handled only the operations and was insulated from the bank accounts and receipt of the money.  There were a rash of companies under scrutiny of the SEC at that time and I was aware that some of our competitors had already been spanked.  The result was that they told me that they liked to win all their cases and though they knew that no company could have been formed without my assistance, after reading the lawsuit and conferring with themselves for 30 minutes while my attorney and I sat in their waiting room, they said they only thought they had a 50/50 chance in my case in front of a jury.  Their last words to me were "We have our eye on you.  Go and sin no more."

Dealing with the government is a sticky wicket and it is best not to la cross e them.

 


12/08/21 10:01 AM #23140    

 

Wayne Gary

Melinda, Steve

I just don't understand the cryptocurrency and block chains. Who actually is backing the currency and also how does it work when a company in Denton will set up a  "mine" that will use as much electricity as all of Denton is currently using.

What I understand is a person can make money by finding 2 people wanting to exchange things and getting a fee for connecting them.


12/08/21 10:50 AM #23141    

Jan Alexander

You all hear of the advantages of Bitcoin but some disadvantages are:

High volatility and potential for large losses
Black market activity
Unregulated and unbacked
Cyber hacking:
 
Once a hacker has access to your Bitcoin wallet, they can drain you of all your cryptocurrency, just like someone who has your debit card can take all of your cash. However, if you lose your crypto to a hacker, no bank is going to replace it for you.
 
If you lose you wallet password , you are screwed.  Wallets Can Be Lost. If a hard drive crashes, or a virus corrupts data , and the wallet file is corrupted, Bitcoins have essentially been “lost”. There is nothing that can done to recover it. tehy will be lost forever.. 
 
Not buying yet for me...
I have eyeballed some crypto etfs..the past year , even thou it is not a direct investment .
 
The VanEck Bitcoin etf is trying to get to be the first ETF that reflects the actual performance of bitcoin and get  approval by the Securities and Exchange Commission but has now been denied  .. Got turned down in November.
 

12/08/21 12:45 PM #23142    

 

Steve Keene

Melinda,

I may have given you the impression that I double crossed my partner.  That is not the case.  Funds that were collected and should have been escrowed were used by me to survey and make locations for the impending wells.  My partner tapped the funds to lease a new Maserati, redecorate his office(think cocobolo desk) and for personal living expenses and entertainment(think lavish dinners, lap dances and trips to woo potential investors).


12/08/21 03:01 PM #23143    

Jim Bedwell

I believe this is what the military call a target-rich environment!

May be a cartoon of text that says 'BRANCO Americans for imited Creators @2021Creators.com com THE LE BIG GUY WHO STOLE/ UNITY YOU KNOW THE THING LAW & ORDER AMERICA WORLD RESPECT SANITY මමා SECURE BORDERS FREEDOM LoW FUEL PRICES'

May be an image of text that says 'Drug-Sniffing Sniffing Dog after visiting Hunter Biden's house.'

May be an image of outdoors and text that says 'Just take a look around Portland....it's disgusting DEMOCRATS EXPECT US ΤΟ BELIEVE THEY CAN CLEAN UP THE EARTH AND ENVIRONMENT HAIማM'

May be a cartoon of text that says 'Little Red Lying Hood of Lies Little Galden Book THERE ARE NO AMERICANS STRANDED in AFGHANISTAN... JUST SOME PEOPLE WHO WERE LEFT with NO WAY of GETTING HOME. JEN PSAKI Stiglik REATOCH.COM'

May be a cartoon of text that says 'BRANCO 2021 Creators.com Flag nd ross.com com LET PELOSK'S BIPARTISAN COMMITTEE BEGIN GUILTY DEMOCRAT JAN 6TH CAPITAL PROTEST HEARING REPUBLICAN'

May be a cartoon of text

May be a cartoon of text that says 'EVERYONE ELSE WHO TRIED THIS HAS GOTTEN HURT. SOCIALISM THE ECONOMY EVERYONE ELSE DID IT THE WRONG WAY. Beas PATCROSSCARTOONS.COM 2018©'

May be an illustration

May be a cartoon of one or more people and text that says 'BRANCO Flag. Indo ross.com 202/ Creators.com BIDEN'S FINE DINING TAIWAN HUNTER PAINTINGS FOR SALE TALIBAN ENJOY AFG/ANISTAN MENU'

May be an image of text


12/08/21 05:00 PM #23144    

 

Janalu Jeanes (Parchman)

Chief Jimmy!

When are you ever going to get out of that cesspool area of lunacy and corruption?  Hasn't your attorney managed to tie up loose ends yet?

We worry that you may be forever caught there, forced to endure the tyranny of autocrats slurping up your income, leaving you nothing for survival but some peanut butter and an old burro, for to transport your weary body toward the local 7-Eleven, whereby you'll be allowed to retrieve your ration of toilet tissue and your purified city water, bottled in recycled plastic.

You need solace immediately in the Blue Ridge Mts., allowing your psyche the healing mercy of The Almighty's grace and love.  

Get thee to a nunnery or a priory before Christmastime arrives!  You are exhibiting ramblings of a guy with too many idle hours spent perusing his computer's funny papers/comics publishings.  Please consider taking up whittling or the petsitting of adopted shelter pets.  Those sweet babes need a good heart's healing care and understanding.  They will adore you and kiss your face with slobbery wetness!  Exactly what you need at this moment in time, methinks!

Best Wishes Man!   And Merry Christmas!

 

 


12/08/21 08:50 PM #23145    

 

Marty Fulton

Melinda - thanks for the OPPORTUNITY to invest in BitCoin.  I choose not to, for reasons already outlined in this forum.  Kinda reminds me of Multi-Level Marketing 'opportunities' I have participated in - the past.  I chose a Vanguard Mutual Fund 20 years ago for my (non-Roth) IRA.  The ANNUAL return average is 16%.  Am happy with that.  

David C - It's amazing to me that a Conservative could survive so long in an occupation dominated by Liberals.

Lowell - I just got screwed by Farmers Insurance on my roof replacement.  Apparently my agent sold me an ACV policy 9 years ago, knowing that (because I didn't know the age of my roof) the roof was 42 years old.  That would make it the original roof - which is ridiculous.  They paid approximately 10% of the actual replacement cost (of the lowest of 3 bids).  My question is, would I be better off with a RPV (?) policy now, or continue with an ACV policy?

re: the guy that burned down the Fox News Christmas tree:  1) Is he out on the street already? 2) Had he spent the $100 bill yet, or was it taken into 'evidence'?

Lastly, I would like to address the War on Drugs.  It's been going on since (?) 1949, or thereabouts, when one of my favourite actors, Robert Mitchum, was arrested for marijuana possesion.  Even then, he only got a slap on the wrist.  Regardless, I believe it has largely been a failure, because of a number of reasons.  My solution is to ALLOW all those who choose addiction to be admitted to GOV'T sponsored housing units.  Like all those abandoned military facilities out in the middle of NOWHERE.  There, you get 3 hots and a cot, cable TV, and free drugs of choice.  The drugs will be supplied by seizures (not destroyed, as they are currently by DEA or whatever law enforcement agencies).  The 'doses' can be administered by registered nurses.  The cost of renovating those facilities would be small in comparison to the arrest, prosecution, and incarceration of drug offenders.  Think of it.  Reduced crime against property / persons.  Near-zero cost of drugs (due to seizures).  My guess is that the Gov't is spending FAR MORE now....

Want to get out into the real world again?  OK, just pass a drug test for X number of months.  Fall off the wagon?  Readmission without repercussions.  Got caught with a large stash during delivery?  Automatic admission.  If successful, expand the guidelines to include the homeless, mentally ill, etc. 

Get Smart, America....


12/08/21 10:41 PM #23146    

 

Lowell Tuttle

I wrote this all the way and then it got erased...So, I "worded" it.

I hope I am valid in this...Off the top of my head.

Marty.   Replacement cost is always better than ACV when you have a claim.   But you have to carry full replacement cost on the dwelling and you have to pay the premium for the replacement cost coverage.  It is considered the insured’s responsibility to know the replacement cost and to fully insure it to that price…  The cost goes up each year the home ages.  Both RC of the house and the insurance rate…older homes have more claims than newer ones.

Actually, Allstate no longer even sells replacement cost coverage…their policy will only pay a graduated amount as the roof ages….or so I understand.

More carriers are doing that.   Also, at least down here in tier 2, we are seeing more and more 2% deductibles…and even 3 and 4 or 5% on windstorm and hail…  (of dwelling insured amount)  300,000 house with 1% deductible means 3,000 subtracted from claim check.

Underwriting restrictions and rate increases for galvanized steel pipe plumbing, as well as older homes are/is coming down the pike soon due to the huge, huge freeze losses…(burst pipes.)

When you change carriers, I assume you are going to shop and change if you find an A rated carrier who will offer you the replacement cost coverage, you might not find anyone who will offer you ACV coverage.  

ACV is cheaper, but most agents try to sell RC. 

An application (also known as a “survey”) is a warranty by the customer in the offering to the company.

A bad answer to a question carelessly answered or asked caused you to pay the ACV lower premiums, but suffer a lower than expected claim payment.   Better to have an answer next time.

Major savings can be had when you buy auto and home together, or with an independent agent who can get a bundling discount with a risk that is ‘’controlled’’ but in two different companies within that agency.

I have saved 1500 a year on a homeowners, but the auto was 150 more for six months, so they didn’t take it.   People are crazy.  Maybe they just didn’t like me.

On roof claims   Have a date of loss and a peril causing the damage when you turn in the claim.   Don’t just call and say “I need a new roof.”  Say, wind and hail damaged my roof in the july 23rd wind/hail storm.  Research the storm date.

The days of Texans considering their homeowners insurance an investment for their roof are gone

Formula.   House value/replacement cost                              400,000

                     Windstorm deductible                                            4,000

                     Replace the roof                                                   25,000

                     Depreciation (say 10 yr old toof)                        -10,000      (could be off here)

                     Claim check 11,000

After roof finished, submit proof of repair for the 10,000 depreciation, thus getting your replacement cost.

This has been a Filmways Presentation.


12/08/21 10:55 PM #23147    

 

Lowell Tuttle

Marty, it would appear the application was presented to the underwriter with ACV coverage.  They wouldn't do anything unless major problems with the inspection.

If the application was presented for replacement cost coverage, the inspection may or may not have shown the home to be not up to underwriting guidelines.   They then would reduce the RC coverage to ACV.   You would then have had a fit and shown the roof was replaced fairly recently, they may have said prove it, you may or may not have been able to get that information...prior owner?  realtor?  known contractor recipt?

The point is....a good survey.   Sometimes a slight pain in the ass, but like anythiing, if it's done the right way you are better off, and so is the company and agent.

That question.  When was the roof replaced?  stays in that file for years and years and years...

Agents look at declarations every year or so...I know I do, and I wonder about those older ACV policies...shoudl I rock the boat and ask that customer if they replaced the roof????

Makes you think and lie awake at night sometimes.


12/09/21 06:53 AM #23148    

 

David Cordell

Marty, 

It is true that an overwhelming majority of faculty are politically left-of-center. This became more obvious to me in the 8 years during which I served as secretary of the faculty senate at UT Dallas. Note, though, that individuals who run for faculty senate positions tend to be activists in the broad sense, so, ironically, they are not necessarily representative of the faculty at large.

That said, I'm not sure how much of that philosophy actually comes out in the classroom. Yes, it is likely that opinions, even strong opinions, are espoused in classrooms of courses in history, sociology, government, etc. However, in lots of courses sociopolitical discussions simply don't have much relevance. Math, engineering, science, accounting, finance, etc. have minimal space for such discussions. A faculty member might make some off-handed, snide comment about Trump, but it is unlikely to dominate the classroom. 

I tried to be very even-handed whenever there were issues that involved political issues that affected classroom topics. For example, taxation is a factor in three courses that I taught, but I tried to discuss the topic in such a way that it stayed on-topic. Simple example: show how the after-tax rate of return is affected if the tax rate increase from X% to Y% as specified in proposed legislation. Another example would be ESG investing (environmental, social, governance). This can be discussed in a left-wing way or simply as a strategy that looks at trends.


12/09/21 09:02 AM #23149    

 

Steve Keene

Hollis,

Loved your literary reference to Sisyphus the Corinthian King.  I think the adjective is Sisyphean not Sisysphusion, however, but your point was well taken.

Sometimes no matter how hard we push to elevate our path, it is all downhill from there.

It reminds me of trying to explain Christianity to nonbelievers.  You feel like it is pointless, irrespective of your proofs.


12/09/21 09:05 AM #23150    

 

Sandra Spieker (Ringo)

Marty,

I agree with your points on the homeless and the war on drugs.  Your suggestions have possiblities. 


12/09/21 10:14 AM #23151    

 

Marty Fulton

Lowell. thank you for the detailed answer, most of it made sense to me.  I realized that when I spoke with Amica last night, to get a quote, that Replacement Value policies are more expensive.  That makes sense as well.  Farmers keeps contacting me saying they MAY grant me a premium discount based on the completion of my new roof - 11-19-2021.  I may end up continuing my dual-policies with them.  Things have changed in the industry.  Amica asked questions such as trampoline - pets - roommates - unoccupied more than 1 month?  I just sent photos of the new roof, and a photostat of the proposal / receipt from the roofer.  Maybe Farmers will send a few $$ back.  For sure I will discuss a Replacement policy before my renewal date of 1-30-2022.

Maybe 4 or 5 years ago I had a policy on the 1st home I occupied in the area, which has been a 'storage unit' for a long time.  Its a 1940's house - or older - and the (local) insurer wanted me to cut down trees overhanging the structure, level out the sidewalk along the street (heaved due to tree growth), and a few other 'improvements'.  I refused, so they cancelled my policy.  What are my chances of getting a policy on that house, which is also currently non-occupied?


12/09/21 10:51 AM #23152    

 

Lowell Tuttle

That would rated and classified as a "vacant" home.   There are policies and markets for that exposure.  Most if not all homeowner's policies have an exclusion for vacant home.   They define what a vacant home is.   Generally, it means unoccupied for 90 days.   I have even read of courts upholding the vacant home coverage exclusion when a senior citizen moves out into nursing home and the house is left vacant.  

A homeowner's policy is ONLY for a home you actually live in.   A home that is extra, vacant, or rented is not homeowners insurance.  It is dwelling fire.  An exception is usually allowed if it is a vacation home.

Vacant homes are subect to fire losses, water leak damage, vagrancy occupations, and many other things homeowners coverage doen't expect within the underwriting rating platform.

So, you buy vacant home coverage in a vacant home program.  They are advertised within the industry.  May have to find an independent.  The Big I has policies available...I am not set up but if impossible to find, I can get set up (user name/password/E&O doc's to the Big I for me and then quote/apply/issue.)  Bibby and Brilling is an agency I have used successfully in the past up there in Dallas.

Liability may not be included.  You may want to extend liability from your homeowner's policy.  I forget if that is easy to do if the home is vacant and not rented.   That is a survey question that might be applicable.   Liability insurance is the cheapest coverage, but it has to be correctly written.

I once wrote a vacant home policy for a customer who was totally flooded out from Harvey.   She had no flood insurance.  So, she had a home, damaged, no one in it.  She needed coverage for the liability that went with it.  Finally, it was torn down.   We cancelled the vacant home policy then.  She added liability for the land to her new home insurance policy.   However, supposedly, if there is a driveway, some companies will not allow liability only on a property with no dwelling unless it is JUST land an undeveloped.  A question mark there for what reason I do not understand.  That policy was expensive even though it did not cover the dwelling very well.   I used National Risk Solutions via Hull Insurance for that policy.
 


12/09/21 11:58 AM #23153    

 

Bob Davidson

David C -- I have a lawyer friend who spent ten years as a faculty member at A&M -- he says he went to law school when he realized that he started teaching with his enthusiasm at 10 and his teaching skill at 1; after ten years his skill level was 10 and his enthusiasm was 1.  He served in the faculty senate for a time with Phil Gramm.  The rest of them were playing at politics; Gramm took it deadly seriously and scared the rest of them to death.  They were relieved when he went into politics for real.

All -- I think turning drug use into a crime created many more problems than it solved.  It was a typical activist government response to an activity the people in charge didn't approve of.  It roughly followed the way the authoritarian blue American states have reacted to COVID.  Libertarian-leaning conservatives will go the other way, limiting government power is a major goal of politics, as opposed to the liberal goal of increasing the power of the government over people's lives.

In my mind, the Constitution was designed to limit the power of the government because the Founders understood that officials always seek more power, control, and authority over the population.  That is why I love it so much.


12/09/21 12:34 PM #23154    

 

Wayne Gary

Bob,

the drug war is not going after the drug manfactures,

Look at the opiod drungs for pain.  People abuse them and some die so ctates have filed suits againg the makers for not preventing  the abuse and have mde multi billion$ settlements.


12/09/21 02:14 PM #23155    

 

Melinda Wallis (Campbell)

Many have mentioned Bitcoin. They were the first crypto currency to create a usable block chain. Unbeknownst to most, Block Chain currently controls the world's communication and info systems; i.e. bar codes, bank check coding, product tracking as well as all crypto activity. Some countries have already converted their national currency to digital, such as Denmark and Sweden.

It is safe to say no one actually understands Bitcoin or the BlockChain.  It is extremely futuristic. Don did jump in and acquired some Bitcoin 8 years ago and has done very well.  We do own several different coins in our effort to diversify but this is above and beyond Bitcoin.

The reason I am so excited is that I stumbled onto a new community being developed on the Block Chain using all aspects of the total Block Chain system.  It is a community of many products, goods and services including shopping, financial storage, VISA cards, gaming, mining and income protection.  It has a support system providing needed education as well as personal guidance. It will be the largest one stop comprehensive digital supply.

I was reaching out to see if there were others who were savvy in this world or interested in jumping into a relatively safe and consistent opportunity.  People are using this platform to build charities and trusts. It can also be personal and totally passive.  We are happy to be paying our December annual property taxes on our 18 acres with this program!


12/09/21 02:38 PM #23156    

 

David Cordell

CNN fact-checks President Biden.

Fact check: Biden tells inaccurate story about his 1973 meeting with Israeli prime minister

By Daniel DaleOren Liebermann and Amir Tal, CNN

Updated 8:33 AM ET, Sun December 5, 2021

As a young Senator in 1973, President Joe Biden met with then-Israeli Prime Minister Golda Meir.

As a young Senator in 1973, President Joe Biden met with then-Israeli Prime Minister Golda Meir.

Washington (CNN)President Joe Biden has a favorite story about his long relationship with Israel. For decades, he has been publicly recounting his 1973 meeting with then-Israeli Prime Minister Golda Meir -- which he described in 2015 as "one of the most consequential meetings I've ever had in my life."

But parts of the version of the story Biden told on Wednesday, at a White House menorah lighting for the Jewish holiday of Hanukkah, were not accurate.

Most of the details of Biden's Wednesday account were the same or very similar to the details in his previous accounts. Biden said that Meir kept referring to a bunch of maps, that future Israeli Prime Minister Yitzhak Rabin was present, that Meir offered to take a photo with Biden, and that Meir painted a dark picture of Israel's security situation but then assured him that Israel had a "secret weapon" in its conflicts with its neighbors: "We have no place else to go."

But two elements of Biden's Wednesday version were different than usual, and both of these changes were incorrect. One of the falsehoods was obviously an accidental slip; the other was more substantial.

Biden began on Wednesday as follows: "And during the Six-Day War, I had an opportunity to -- she invited me to come over because I was going to be the liaison between she and the Egyptians about the Suez, and so on and so forth." Later in the story, he suggested that Meir had referred to him during the meeting as "Mr. Ambassador."

Facts FirstBiden misspoke about when his meeting with Meir occurred. The meeting took place about five weeks before the Yom Kippur War in 1973, not during the Six-Day War in 1967. More significantly, Biden inflated his importance to Israel at the time. There is no evidence that Meir had any intention of using him as any sort of "liaison" between Israel and Egypt.

At the time of the Six-Day War in 1967, Biden was still a law student and Meir was not yet prime minister.

Biden's "liaison" claim is vague, but experts on the Yom Kippur War say it is also clearly inaccurate. While Biden did visit Egypt in 1973 just before he visited Israel, and told Meir what Egyptian officials had told him, there is zero indication that Meir wanted to use a 30-year-old American who had had never previously been to Israel and who had been a senator for only nine months as an intermediary in a complicated and critical conflict. In fact, an Israeli government official's written summary of the meeting said Biden had seemed inexperienced and that Meir had vehemently rejected his proposal for Israel to unilaterally withdraw from certain territory as a step toward peace.

A White House official suggested to CNN on Thursday that Biden's assertion that "she invited me to come over because I was going to be the liaison between she and the Egyptians about the Suez" was simply a reference to the fact that he had met with both Egyptian and Israeli officials on the 1973 trip to discuss relations between their countries.

But Biden's words, which were called false by the Republican National Committee on Thursday, conveyed the impression that Meir sought to use him in an important diplomatic role. Experts say that is indeed baseless.

"There is no reason to believe that Golda, who as Biden himself described, did not trust a diplomatic process, would voluntarily ask an inexperienced young senator to be her liaison for such a mission," said Uri Bar-Joseph, a Haifa University political science professor and the author of a book on what was happening in the Israeli government prior to the Yom Kippur War.

Bar-Joseph said in an email that there is "nothing" in the Israeli summary of the August 31, 1973, meeting to even "hint" that Meir had invited Biden to be a liaison. And Asaf Siniver, a University of Birmingham associate professor in international security and the editor of a book on the Yom Kippur War, said in an email, "As far as I know there is no basis to the claim that he was 'going to be the liaison' between the sides."

In Biden's Wednesday telling of the story, the only one we could find in which he spoke of a "liaison" role, he said of Meir: "She looked at me and she said, 'Mr. Ambassador, would you like a photograph?'" In some other tellings of the story, though, Biden has said that Meir addressed him just before or during the photo opportunity as "son" or as "senator," not as "Mr. Ambassador."

An Israeli summary of the meeting

Meir died in 1978, and it's impossible to know precisely what was said between her and Biden 48 years ago. But the Israeli summary of the 100-minute meeting, an internal memo written by a government official at the time, provides useful information.

The summary, which was discussed in the Israeli media in 2020 and is available online in Israel's state archives, said Biden acknowledged he was not an expert on Egypt, said Biden was greeted warmly on his trip to Egypt but had met with only second-tier officials, and said Meir made extended remarks in which she argued against Biden's proposal for Israel to pursue peace by withdrawing from certain territory he didn't think had strategic value. (The summary didn't identify the territory Biden was talking about but said it wasn't the Gaza Strip, the Golan Heights or Sharm el-Sheikh.)

The Israeli official who wrote the summary, Gideon Yarden, ended by offering his personal assessment of Biden. He wrote that Biden was full of admiration and appreciation toward Meir, and kept saying he had come to learn, "but on the other hand" spoke in a manner that reflected "his age and diplomatic 'experience.'" Yarden put the word "experience" in quotation marks, conveying sarcasm.

Another difference

Another part of the Israeli account of the meeting differs from an account Biden offered in 2015.

In a speech marking Israeli Independence Day, Biden, then vice president, said he had told Meir and Rabin during the meeting that "I thought that they (Egypt) were getting ready to attack again." He added: "And everyone including my military and Israeli military thought I was crazy."

The Israeli summary does not note any such comment from Biden. Rather, the summary reported that Biden had conveyed that, of all the officials he had met in Egypt, none of them denied Israeli's absolute military superiority, and that the officials had argued it would be impossible for Egypt to go to war now against Israel.

In reality, Egypt and Syria ended up attacking Israel in early October 1973. The attack also caught Israel by surprise.


12/09/21 03:06 PM #23157    

 

David Cordell

I have yet to hear a good explanation of why digital currencies make sense.

Blockchain may have benefits, but all I have heard that would benefit me is that transactions could be made more quickly. That isn't really a matter of concern to me. I am not a frequent trader of securities, and I don't make many monetary transfers. I like credit cards that allow me to wait a couple of weeks before paying for what I have purchased.

Concerning "miners" -- why should they make the big bucks for getting a computer to solve an algorithm that no one knows anything or cares anything about? And how much does all the energy cost to offset the alleged savings in transaction times?

In retrospect, I wish I had speculated (it isn't investing) in Bitcoin a few years ago, but it didn't make sense to me then, and it still doesn't. The idea of Bitcoin as "store of value" is especially disturbing, given the extreme volatility. The famed investor Peter Lynch said he wouldn't invest in anything that he couldn't successfully explain to his mother. (Ignore the sexism.) For all I know, he is speculating in Bitcoin. If so, it may be because his mother is dead.

It looks like some of the big boys (ignore the sexism again) are dabbling in digital currencies, but I suspect that a lot of the price explosion is due to young guys (ignore the sexism agin) who are also betting on so-called meme stocks and football games. There is a continuum from investing to speculating, and gambling is beyond that range. In retrospect, I am not sure if digital currencies are best described as speculation or gambling.

On the other hand, here's an answer to the question, "How much is something worth?"

Whatever someone else will pay for it.


12/09/21 03:15 PM #23158    

 

Janalu Jeanes (Parchman)

Bob D.,

I agree that the Constitution limits the government's power, and that was totally the intent for this country.  Too bad that so many of our citizens PREFER to be controlled! 

Our Constitution needs to be left alone and not altered, but so many are anxious to change it, thinking it needs to be "up-dated."   Balderdash!   It is a wonderous document that I, too, cherish.  Our country alone has developed over the centuries as the most prosperous and free nation, and is the envy of the world's population, due to what our Founders created here, along with divine guidance, a guidance that other nations didn't have.

 

David,

You must have been a marvelous professor; one that your students admired.  I would have liked to have had you as one of my professors way back when.  I had some really good ones, but I also had some nutty, outerlimits ones, who I used to poke at, when I wrote my daily assignment responses.  There was one guy I had who was a dork, in my opinion, so I would write my assignments with a very slanted response that suited my opinion, and he never said a word about what I was doing, but rather just accepted my answers with little comments of "interesting point," or "good idea."  I really enjoyed that class, but learned little.  I considered the guy a joke, who should have been fired, in my opinion.


12/09/21 04:02 PM #23159    

 

Hollis Carolyn Heyn

Thanks, SEC Stevie. I wondered if anyone would call me out on that adjective I just pulled out of...

12/09/21 04:38 PM #23160    

 

Russ Stovall

David 

I totally agree about the Christmas tree headline.  At least say an arsonist set fire to the Fox Christmas tree.  

 

Jan:

I just got home a little while go from talking to a bank officer, we got off subject about the Biticoins.  She addressed all of your points 

High volatility and potential for large losses
Black market activity
Unregulated and unbacked
Cyber hacking:
 

12/09/21 06:44 PM #23161    

Jan Alexander

Hi Russ... laugh !!!!!!!!!!!!!!!!!!!!!

I do love studying investment stuff even though I have no money and am not rich but very, very poor.  I like to pretend I have a million dollars and what would I do with it...  and like David said and what was said in the Maher clip.. most of the investors in bitccoin are millennial's or Gen Z folks.

93% to be exact.
I just bought the December KIPLINGER.. AND the" future innovations that will mark the 2020's" are:
" 1. Machines... Artificial intelligents ...etf's  ishares ... IRBO or BOTZ
2. Space Exploration  ..  etf's :    UFO or ROKT or Arkx ..  lowest expensive ratio was ROKT
3. Genomic revolution ..etf's : PBE or ARKG 
4. Society goes Cashless... because Bitcoin and the such is still so Iffy.. "best to look at blockchain tech... the behind the scenes of cashless transactions.  Blockchain cuts traditional payment processing times from days to hours and is less vulnerable to fraud than traditional payment methods."
 
So rather than investing in bitcoin it is best to cash in on the benefits of crypto and the move toward digital payments is to focus on financial tech firms that enable these transactions..."
.  
ARKF  Expense ratio .75   or Finx ER .68.  
5. Pets .. So many owning pets... these days.... ETF's  : Pawz or Petz
 
Happy Holilday's Season to one and all...cool
 
Ps.. here are some other etf's  BLOK , BLCN and Legr. 
I am a etf person...  they trade like stocks but the downside is when there is a huge panic .. and everyone is trying to sell ,they can freeze up when selling cuz there many holdings in them like  funds. Than happended once and no one could trade for 4 hours... can't remember when ...

12/09/21 06:52 PM #23162    

Jim Bedwell

Thanks, Janalu for your kind words. Yes, I need to hie myself to a nunnery, I guess. First of course I'll need the operation(s) but that whole process is well underway. Thank you, for being such a trailblazer, Caitlyn!


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