Hi Mr. Rott,
From your post: "Equity holders are looking like they're going to get stiffed to me."
I am expecting this as well. However, JF is an equity holder, and I expect he will end up making out like a rose. Probably by buying up the debt/tankers for pennies on the dollar.
We shall see.
Best of luck,
Yeah, it's pretty old. Apparently there are some on the board that have to have more substance. If they haven't seen this before, now at least they have something else to whine about. Yawn.
Best of luck,
ATHEISM---"The belief that there was nothing and nothing happened to nothing and then nothing magically exploded for no reason creating everything, and then a bunch of everything magically rearranged itself for no reason whatsoever into self-replicating bits that then turned into dinosaurs. Makes perfect sense."
"Increasing min wage across the board provides NO advantage to those EARNING a min wage. "
"So they get more money in their pay-packet but pay out more for all of the stuff they buy ..."
You're sooo right, Simper_grumpy. It's AMAZING how many are too dumb to do the simple arithmetic to figure that out. When the min wage was $1.60/hr, bread was 5 to 10 loaves for a buck and a compact car was $2,000 and a full-sized car was $3,000 and a used brick house was $8,000 and a Spankin' Brand New 25,000sq/ft ranch-style house was $25,000!!!
"Corps are not subject to the same laws as people."
You might want to spend some time verifying that assumption. You're going to be surprised.
Increasing min wage across the board provides NO advantage to those EARNING a min wage.
Corps paying increased min wage are not going to absorb that cost. They will pass the increased wage cost through to customers as increased cost of the product or service the corp provides. And who's buying that stuff? That's right... min wage earners.
So they get more money in their pay-packet but pay out more for all of the stuff they buy (and their marginal propensity to consume is much higher than that of the affluent). At equilibrium, there is ZERO advantage to them.
If you REALLY want to help these folks, it's necessary to increase their income through a mechanism that does not increase the prices they, in turn, must then pay for goods and services. That is what a government transfer payment - such as the EIC - accomplishes.
Corps couldn't be prosecuted unless they were people is nonsense.
Corps aren't people as people have a limited life spam. Corps don't.
Corps are not subject to the same laws as people. When a crop commits manslaughter, like GM, the penalties are civil, not criminal. Yes, sometimes people who work for a Corp are subject to our criminal system, but the Corp spends zero time in jail.
We don't need "low value" jobs if a job need to be done it should get a living wage.
There is no such thing as a low value job.
The min.wage today should be over$15.
Iraq was about oil pure and simple. The evidence is there.
It would be nice if we had the lives and money back from the genocide. A couple trillion would go a long ways toward helping others and reduce our debt mostly increases by the GOP.
Rog, why do you continually INSIST on proving that you suffer from a reading comprehension disability?
"you just have to put words in my mouth"
No, I said you suffer from a political bigotry induced myopia. Which is true.
"the MONEY BOYS wins 90% of the time."
Just as money influences the Dems. Are we surprised?
"Corps could be prosecuted and were before the SC found them to be worthy of buying elections."
No kidding. That was **MY** point. The concept of corporate "personhood" dates from the early 1800s not from some recent SC ruling on electioneering. It was a development of the legal structures needed to adapt society to growing industrialization.
"So you want us to believe that you believe and GW believed..."
Again you misread. Lake was arguing that GWB was in the "pocket" of war profiteers. The reality, however, is that he was a pawn of the neo-cons.
The neo-cons were "about" spreading democracy as a "solution" to foreign policy challenges.. Several years **before** 9/11 several of them - including Rumsfeld, Bolton, Wolfowitz - penned a letter to Clinton urging **him** to invade Iraq. The assumption was that a stable, democratic, Iraq would ensure a (more) peaceful middle east - less threat to Israel, less threat to oil supplies, etc.
They were wrong in a number of their assumptions, of course. But the POINT was that GWB was manipulated by neo-cons, not profiteers.
Do try to keep up..
"The board used to be really good ten years ago, but has diminished to the current state."
FRO used to be really good ten years ago, but has diminished to the current state. DUH
Grump poor fellow you just have to put words in my mouth even when I am not involved in the post lol.
You are such a liar, without any truth and doing the will of your father very well I may say.
For the record I am indeed aware and delight in the fact that the GOP is now housed in a tent that is HUGE but alas not big enough for all the ego bearers in that party. We have "LOG CABINE", TEA PARTY, Neo Cons and the good old filthy rich boys all have to rub shoulders inside the tent which is smelling more like an outhouse than a tent especially come primary time. Yes they are other factions as well but of little interest in power and when push comes to shove the MONEY BOYS wins 90% of the time. Money still walks and BS merely talks. The South full of racist is where the tea party can top money and Texas being the best example of that lately.
Your next lie. corps couldn't be prosecuted unless they WERE "people", yes?
How lame even for you. Of course Corps could be prosecuted and were before the SC found them to be worthy of buying elections. Civil action against the Corp and criminal action against its officers have been done for years and years as surely you know so do not know why you tried such a weak lie you usually do better. Just ask the GOP Gov. of Fla if HIS corp wasn't prosecuted and fined billions of dollars.
The biggest LIe however has to be "I disagree GWB wanted to spread democracy? To me that's funny."
Either you are a Liar or a fool. I never figured you for a fool. Deceived yes Fool no.
So you want us to believe that you believe and GW believed and all those in WH believed that by invading Iraq and doing away with Saddam would allow the Iraqi people to produce a democratic country?
afghan land as well lol. Wait where have I heard that before? oH YES Vietnam that is why we were in Viet Nam as well. Well if you really are so stupid to actually believe that GW is that stupid that makes you dumber than dumb lol.
Lake thanks for giving me a nice laugh. You are such a child and clearly you have no nutmegs at all.
You now add "I demand an apology" to your right wing behavior. Yes indeed another right winger did indeed "demand" an apology. What a high self esteem you have of yourself of course someone who knows all there is to know about everything would believe themselves I suppose.
I have said many times on this board that I do not drink yet you said to go have a drink. Be like me telling you to go say a prayer lol.
If your not man enough to take a post that catches you at your child like behavior maybe you ought not play with the big boys? Now feel between your legs and find your nutmegs if you can and act like a man and be about your right wing style of post.
Only a total idiot (are you really that?) would not know that evolution is based upon the concept of survival of the fittest and that getting ride of "INFERIOR" types within a species is the only way that "nature" or evaluation holds to the "LAW" that the species evolves and improves. Jesus says the only way "MAN" evolves is by loving your neighbor as yourself and loving God. Two beliefs with two very different LAWS.
Hitler who was not a Christian as you have lied and said in the past (no apology demanded) did indeed believe in the SUPERIOR RACE and did his best to CULL as many Inferior races of mankind and build the great Aryan Race to rule forever. If that is a page out of evolutionism Law I do not know what could be clearer. You saw no mercy or compassion from the #$%$'s as they were about building the MASTER RACE.
As some right wing Christian want to make laws and force behavior of what they think is Christian teaching on all because they believe it will be for the greater good (and they like it) so too did the #$%$'s think they were about the greater good. Jesus says to love the #$%$ sexual as yourself. Never would he not say hire one or abuse them. That is love.
rami I am already a gambler on FRO but I do think it a good time to gamble. Look at the rates for one thing and only peace and quite in the Middle east will ease the pressure on the rates since who can not see that is the cause of the higher rates? So the quarter will be a good one even with a loss given the positive spin that the rates will allow in the looking forward statement. Mr. F still works between FRO and SFL as we just saw so he has not thrown in the towel on FRO.
The downside at 2.50 with an up side of over 4 in next year makes it not a bad bet. I think a low of 2 and a high of 6 in next year is more real but I limit the gain to 4 to be conservative (yes on money I can be conservative)
The word is gamble. Do you have the nutmegs to put down your money to make the bet or not is the real question. If rates stay were they are for another 6 months FRO will have a nice cash build up to improve the balance sheet and with the middle a total failure or their normal self how can the rates drop as low as they were before the pick up? I think buying now is a very good gamble.
"I disagree GWB wanted to spread democracy? To me that's funny."
That's because, like Rog, you're so blinded by your political opinion you cannot see the differences in others. Neo-cons and conservatives are all "housed" within the republican party, but their objectives are quite different.
"now that the SC has determined Corporations are people"
You understand that corps couldn't be prosecuted unless they WERE "people", yes?
How do you figure corps are living "off the backs" of people when they are providing employment? They are NOT social service agencies; see also comment on min wage below.
"Now go back and read the inscription on the Statue Of Liberty."
Remember, I said we should increase LEGAL immigration.
"Most all of the European immigration was illegal by todays standards."
What is happening today is in no way comparable to what took place back then. The policy was definitely more relaxed, but from 1890 through the 1950s apx 70% of immigrants went through the Ellis Island processing center, they didn't sneak across the border.
"you need to get behind raising the Min. wage so all of America will improve."
Could not disagree more. Min wage is probably THE worst way to provide a basic income level to the working poor. A much better approach would be to expand the EIC. For two reasons. First, it is a less regressive means of providing an income top-up (the revenue to provide the EIC is raised from those most able to bear the cost). Second, it does not discourage creation of low-wage, low-value-added jobs - the only sort of work those folks are "qualified" to perform. Based on the 1930s 25 cent an hour when min wage was introduced and the CPI, the min wage today should be just under $5,00 an hour. Min wage is ALREADY too high.
I disagree GWB wanted to spread democracy? To me that's funny.
Of course, rich Americans live off the back of the poor. Now let's name some that live off the backs of the poor now that the SC has determined Corporations are people. Apple ,Microsoft, GE, Wal-Mart, JC Penny and the list goes on and on.I bet you could name thousands.
Now go back and read the inscription on the Statue Of Liberty. Should we tear it down?
As for AE, he was legal, only because he was AE. Most all of the European immigration was illegal by todays standards.
Also Semp,you need to get behind raising the Min. wage so all of America will improve.
Thanks for your response. The board used to be really good ten years ago, but has diminished to the current state. People posted who actually had a good understanding of the shipping business. Your posts were always professional and pertinent.
I am concerned about all of the Fredriksen companies. I've owned stock in them for years and derived great benefits, but now they appear to be at the onset of corruption, the latest example being the extreme overpayment of the 3.375% bondholders conversion. I wonder how many bonds were held by Hemen Holdings, which is JF's private fund. Now SFL is selling FRO's vlcc's at bargain prices to yet to be named buyers. It appears he is cashing out FRO and as you imply, the stockholders will be left holding the empty bag.
Re what the board posters think of me: It matters not, as I will not be returning to this garbage heap.
Canadians don't flock to the US, because Canada is nowhere near as corrupt and sleazy as Mexico and other central American countries. Canada has decent jobs, decent standard of living, and other than the druggie drunken mayor in Canada, you don't see too many people who want to come to the US other than to visit. They have good education and great medical there. Mexico and much of central America are another story. They are countries controlled by drug lords and crooked police forces, and residents fear for their lives daily. Giving tax breaks to the mega rich isn't the problem down south. Patrolling the borders isn't really the problem now, because the latest influx of kids are arriving by trains and caught immediately. It was a nice try though, and I agree that tax breaks for the mega wealthy shouldn't exist.