BO claims that the 10K new Syrians immigrants have been investigated and we are safe. Really?
I do not know how useful or accurate is the background check. Even if FBI+CIA+NSA suspect that one of the immigrants is hostile, that terrorist still can buy guns legally.
I totally agree with you on the management of RIO and BHP. It simply does not make sense. All 3 companies are in deep trouble. What is the purpose of have 100% of $0?
It is quite difficult to make the decision to sell a stock, particularly those that dropped badly. We have to admit that we are stupid and somebody is eating our lunch. Often we want to hang onto the defective lifesaver.
The easiest way to make the decision is to ask the reverse question: Will you buy more stocks at the same price? If not, sell. Year end is coming.
When BA bought MDAC, it was the largest aerospace corp. Where is it today? LMT beat BA on fighters. NGC beat BA on bombers. Even the lowly ATK beat BA on space capsule. The problem is the mentality that BA is too big to fail. They still use 1950s tools. This is how big company becomes small.
The cost evaluation performed by the government did not properly reward the contractors' proposals to break the upward-spiralling historical cost curves of defense acquisitions, or properly evaluate the relative or comparative risk of the competitors' ability to perform, as required by the solicitation.
Did LMT and BA lawyers really said that?
China has been handing out commercial jetliners, but on the USA government side, what was the last $10B+ contract BA won? Has BA won anything besides tankers?
There are 2 minor problems:
1. BA is known for terrible engineering and they have not won anything major;
2. LMT is known for funny bookkeeper as in 4.2X overrun on the average.
BO has printed $10T funny money, or $30K per American. If we use 7X multiplier, that is $210K per person, or $840K for a family of 4.
According to YHOO, comparing BA, LMT and NOC performance
1 yr - NOC
2 yr - NOC
5 yr - LMT/NOC
10 yr - LMT
BA needs to put its acts together and hires better engineers and managers.
While BOBO claims that the unemployment rate drops to 5.1%, he did not mention that the labor force participation rate drops to 62.6%, the lowest in decades.
Talking about equal opportunity to be discriminated, even the white young kids are not finding job.
Newsweek released the Top 500 USA high school ranking. Top Southern CA high schools include Whitney and Oxford + 6 others. There are arguments that several other HS should have been included.
Based on CA/USA population of 20M/320M, CA should have 30 HS in the Top 500 list.