JF is a majority holder in SFL and I suspect that he, and his entities, own all of the FRO bonds. I also suspect that FRO2012 will be renamed to FRO after the bonds are called.
There's investing, there's gambling and then there's stealing. This is somewhere between gambling and stealing. It's definitely not investing.
I haven't been following FRO as much as I had in the past. I'm assuming they haven't made any new conditions on the bond coming due in March. I also suspect the notes from this deal will be next in line after that bond. Equity holders are looking like they're going to get stiffed to me.
You're missing the point . Can you find a 1989 projection that accurately describes where we are today? I haven't wasted my time to look for one because there is no possible way that one exists. There are far too many moving parts to make projections out that far.
"Even the most Primitive People know there's a God."
It's time for you to stop and think about that for a minute.
I think this entire discussion is cute. As wise as a national healthcare database is, it will never ever happen. (South Korea has an amazing system that, if you're truely interested about the subject, you should look into.) To manage any nation database would require individual identifiers. You would want your medical records to be attached to you individually and not some segemnted group of people. For that to happen would require a national ID. Go ahead and do a search for "National ID" and read all of the conspiracy theories. Then you want attach health records to that ID? Good luck!
The Road to Serfdom, pp 148-149
“There is no reason why in a society which has reached the general level of wealth which ours has attained the first kind of security should not be guaranteed to all without endangering general freedom. .... [T]here can be no doubt that some minimum of food, shelter, and clothing, sufficient to preserve health and the capacity to work, can be assured to everybody. ...
You can search for "Hayek basic income" and get any number of results.
On the contrary Semp, I couldn't find that one particular quote that I referred to earlier. Hayek believed in, and preached for, universal health care, minimum income (as in a monthly stipend) and basic housing for everybody. He even wrote a paper titled "Why I'm not a conservative."
"The tug of war between conservatives and progressives can only affect the speed, not the direction, of
contemporary developments. But, though there is a need for a "brake on the vehicle of
progress," I personally cannot be content with simply helping to apply the brake. What
the liberal must ask, first of all, is not how fast or how far we should move, but where we
should move." F.A. Hayek
I took some time last night to skim through some interviews with Hayek to find that quote without any luck. The thing is all of the interviews I could find were pretty much victory laps. He wasn't argueing for any of his ideas. They were more like an economists version of Chelsea Lately.
I'll see if I kind find the quote but if you go back and peruse through Road to Serfdom you'll find that Hayek was a huge proponent of a government sponsored safety net.
One thing that gets missed when he is quoted is the situation at the time of the writing. You have to understand that in the 40's capitalism was being blamed on the great depression. Communism and fascism were being touted as the alternatives. In that contex Hayek wrote that neither were preferable.
There are a number of folks that I would LOVE to get opinions of todays situation. Hayek is one. Buckley and (a lucid) Reagan would be a couple of others because their names get bandied about to where I don't think they would recognize their own legacy.
You can parce the words any way that you want to come to your, possibly predetermined, conclusions. I'm just giving you a quote out of the book.
I recall reading another quote, I believe from an interview, where Hayek believed in "Socialized medicine" saying something like it's the corner stone of a polite society.
How many Reagan administration officials were convicted of crimes while in office? Answer; 186
How many Clinton administration officials were convicted of crimes while in office? Answer; 1
How many CMoH medals did W award to living recipients? Answer; 0
The Atlantic side isn't the issue. Going through Lake Nicaragua is a given. The Panama Canal is fresh water also. The Pacific side is where things get sketchy. On a flat piece of paper there are a number of routes that make sense, San Juan del Sur was always the one that everybody I talked to was betting on. Once you get on the ground and look at the topography things get real very quickly. Now that they're looking Rio Brito they're going to need to deal with flash flooding during construction and eventually operations. A short overland route with pipeline running parallel is doable. I'm doubt a true canal.
I find this hard to be true but I was told the Chinese Engineer that's driving this project actually has his expertise in telecommunications. For Nicaragua sake I hope that isn't true.
The last plan that I saw for the Nicaragua "canal" was a shipping hub on each coast and a short over land route. I haven't seen much on detail on this latest plan but supposedly the Pacific hub is going to at Rio Brito which has me scratching my head some for a number of reasons.
I doubt that it will ever be built.
"Nor is there any reason why the state should not assist the individuals in providing for those common hazards of life against which, because of their uncertainty, few individuals can make adequate provision. Where, as in the case of sickness and accident, neither the desire to avoid such calamities nor the efforts to overcome their consequences are as a rule weakened by the provision of assistance, where, in short, we deal with genuinely insurable risks, the case for the state's helping to organize a comprehensive system of social insurance is very strong.... there is no incompatibility in principle between the state providing greater security in this way and the preservation of individual freedom." (Friedrich von Hayek, The Road to Serfdom, page 125.)
"I wish the Government would stay out of the health insurance business, and stay out of the doctor/patient "relationship". "
So you are against Medicare and Mediaid?
"I am NOT saying there is no place for Government oversight of general minimum standards of hospitals and medical facilities."
And for governemnt regulation?
"My conclusion was "to grow up" in the sense that you no longer depend on a "nanny" and become responsible for your own well being."
I see so you are in favor of people being responsible for getting their own health insurance and the government to just stay out of their health decisions?