Blankfein was at the White House today. He isn't my favorite person, but, this surprised me. He must be looking at something adverse to economic growth and national stability, otherwise, I sincerely believe he would not have bothered.
He was given the President's time in a short period of time. This was not about politics. He must have had something to say important enough to be in the Oval Office practically overnight.
Let's face it the ranting of the Republicans isn't about upholding sovereignty of the nation or of concern for the economy. This is all politics. Pushing an economy over the cliff to play politics is hostile to most professional standards across the board. Blankfein is worried about predictability.
Wednesday, 2 Oct 2013
1:08 PM ET
...Goldman Sachs chief executive Lloyd Blankfein, (click here) while stressing that the business leaders who met with Obama represented diverse political views, implicitly criticized Republicans for using their opposition to the health-care law as a weapon that could lead to a U.S. default....
Goldman Sachs launches small business initiative (click here) October 02, 2013 11:50 EDT
MIAMI (AP) -- Miami Dade College and Goldman Sachs are launching an initiative to help small business owners.
Goldman Sachs is investing $500 million in cities across the U.S. to boost small businesses by providing entrepreneurs with opportunities to obtain a practical business education and access capital and support services.
The program is already operating in nine cities and several states. South Florida is site of their next location.
Miami Dade College will run the initiative. The institution will receive a five-year grant from Goldman Sachs and plans to serve about 80 small business owners in its first year.
The partnership was announced Tuesday.
Goldman Sachs is seeking investments from European pensions. US Bonds can be the backbone to Europe's confidence. It is a loss of confidence in US Treasury Bonds. It is happening already.
Credit Default Swaps
Published: Wednesday, 2 Oct 2013 | 6:57 AM ET
The cost of insuring (click here) one-year U.S. government bonds against default rose 5 basis points to 35 basis point on Wednesday, above the rate of insuring five-year debt for the first time since July 2011, according to data from Markit.
One-year U.S. credit default swaps were at their highest since August 2011. Five-year CDS fell 1 basis point to 31 basis points. Both rates remain very low, however....
...Just before the U.S. open, the benchmark 10-year Treasury yield was slightly lower on the day at 2.6391 percent....
These banks have a lot on the line and as much as Americans are angry with them, they are taking up risk to float the boat. I don't envy them. At this point, they really are taking chances with risk to build confidence and it may all fall apart and it wasn't their doing.
The Koch Brothers are directly related to this market instability. The Koch Brothers is a private institution in 60 countries. They deal mostly in commodities. They aren't risk takers and don't care to have relationships with banks that ride the bubbles and prevent implosion. I don't think either are heroes, but, there is some sincere issues Koch might even like to see happen. One has to wonder what is occurring behind the Iron Curtain in the House Speakers' Office.
The USA is not in the same space as in 1995. The US House is courting disaster. There needs to be an investigation whom the Republicans are taking advise from and if it is tied to their political funding organizations. This could be "Probable Cause" to require subpoenas regarding participants in Superfunds.
It just might be this entire burgeoning disaster could serve the best interests of Koch Industries. I don't write that here out of political intent or concern it lightly. This is the sovereignty of the country in balance with a Private Industrial Company. Dissolving the USA's federal government DOES serve Koch. Absolutely. Koch is counter-culture.
By Jerry Siebenmark
The Wichita Eagle
...On Tuesday, (click here) Robertson and Charles Koch made brief comments while thousands of Wichita employees joined them on the campus to break ground on the company’s three-story, 210,000-square-foot building that will house 745 employees.
Koch and its companies, which earn about $115 billion in annual revenue, need more space for the nearly 800 employees they’ve added in Wichita in the past 13 years. Their total Wichita employment stands at 3,000 workers....
They are making major investments in Carbon Dioxide and Methane. I am sorry, but, it all fits.
Published: Oct. 2, 2013 at 8:16 AM
BEAUMONT, Texas, Oct. 2 (UPI) -- A division of Koch Industries (click here) said operations at its first liquefied natural gas production facility in the Eagle Ford shale play in Texas will start in 2015.
Stabilis Energy and Flint Hills Resources, a Koch Industries subsidiary, announced plans to build five LNG processors in the Texas shale play. Their joint venture aims to produce LNG for oilfield fuel applications in Eagle Ford, in southern Texas.
"Stabilis will provide our oilfield customers with a reliable source of LNG fuel that will help them reduce operating costs using a reliable domestic fuel source," Casey Crenshaw, the company's president, said in a statement Tuesday.
Texas is one of the largest oil and natural gas producers in the country thanks in part to shale fields like Eagle Ford....
And. All of a sudden, Apple has a landlord. This was a recent shift in focus for Koch. They dismissed purchasing into the news business and stated they were going into electronics. I thought they were investing in R&D. This is not R&D.
Apple needs to diversify their suppliers. If Molex has little to no competition in supplying parts to Apple, it will become expensive for Apple. Apple has bring in more suppliers to remain competitive. Molex is China. Apple needs to move some of their suppliers to USA soil.
By Nick Turner & Scott Moritz - Sep 9, 2013 4:34 PM ET
Molex Inc. (MOLX), (click here) a maker of electronic components for products such as Apple Inc. (AAPL)’s iPhone, agreed to a $7.2 billion acquisition by Koch Industries Inc., the holding company controlled by the billionaire Koch brothers.
Koch will buy Molex’s shares for $38.50 apiece, a 31 percent premium over the publicly traded common stock, according to a statement today. The companies expect to complete the transaction by the end of the year.
Wrong, MOLEX Inc is MOLEX, USA. (click here) If Apple diversifies by bringing in more suppliers in the USA it will be a very competitive market. Currently, Koch hasn't lost anything on their $38.50 investment, but, it is fluctuating. Traditionally, MOLEX is a safe stock with a 25 PE in the past twelve months. This was not a risky venture for Koch. It was mostly guaranteed.
Koch Industries would never do what Goldman Sachs does, but, that is due to personal wealth and greed as opposed to an incorporated bank where officers have their own personal holdings outside the company. Sure they hold shares and they are loyal to the company they work for, but, it is different than Koch. Kochs are NOT risk takers. They want tried and proven profit. They don't care about economic growth or providing jobs so long as their company and personal wealth are intact. It is a different relationship than Blankfein and Goldman.
Lloyd's right to be at the White House. Absolutely. I doubt he had the same conclusions I have written here, though. His insight is more about reading the tea leaves than protectionism as Koch is. I am quite confident Blankfein was bringing the news to the President based on current changes in the 'character' of the USA Bonds. Let's face it, Russia has moved ahead of Germany.
The US Justice Department needs to begin to look at this stalemate with the USA House seriously. I think the US House, no matter how well veiled, is playing to their financial backers rather than the entire well being of the country. I believe the US House wants to stalemate the budget for a long time. It serves their purpose and that of their financial backers.
I don't want to hear how all this mess seems like a coincidence.
THIS IS NOT KINDERGARTEN!
He was given the President's time in a short period of time. This was not about politics. He must have had something to say important enough to be in the Oval Office practically overnight.
Let's face it the ranting of the Republicans isn't about upholding sovereignty of the nation or of concern for the economy. This is all politics. Pushing an economy over the cliff to play politics is hostile to most professional standards across the board. Blankfein is worried about predictability.
Wednesday, 2 Oct 2013
1:08 PM ET
...Goldman Sachs chief executive Lloyd Blankfein, (click here) while stressing that the business leaders who met with Obama represented diverse political views, implicitly criticized Republicans for using their opposition to the health-care law as a weapon that could lead to a U.S. default....
Goldman Sachs launches small business initiative (click here) October 02, 2013 11:50 EDT
MIAMI (AP) -- Miami Dade College and Goldman Sachs are launching an initiative to help small business owners.
Goldman Sachs is investing $500 million in cities across the U.S. to boost small businesses by providing entrepreneurs with opportunities to obtain a practical business education and access capital and support services.
The program is already operating in nine cities and several states. South Florida is site of their next location.
Miami Dade College will run the initiative. The institution will receive a five-year grant from Goldman Sachs and plans to serve about 80 small business owners in its first year.
The partnership was announced Tuesday.
Goldman Sachs is seeking investments from European pensions. US Bonds can be the backbone to Europe's confidence. It is a loss of confidence in US Treasury Bonds. It is happening already.
Credit Default Swaps
Published: Wednesday, 2 Oct 2013 | 6:57 AM ET
The cost of insuring (click here) one-year U.S. government bonds against default rose 5 basis points to 35 basis point on Wednesday, above the rate of insuring five-year debt for the first time since July 2011, according to data from Markit.
One-year U.S. credit default swaps were at their highest since August 2011. Five-year CDS fell 1 basis point to 31 basis points. Both rates remain very low, however....
...Just before the U.S. open, the benchmark 10-year Treasury yield was slightly lower on the day at 2.6391 percent....
These banks have a lot on the line and as much as Americans are angry with them, they are taking up risk to float the boat. I don't envy them. At this point, they really are taking chances with risk to build confidence and it may all fall apart and it wasn't their doing.
The Koch Brothers are directly related to this market instability. The Koch Brothers is a private institution in 60 countries. They deal mostly in commodities. They aren't risk takers and don't care to have relationships with banks that ride the bubbles and prevent implosion. I don't think either are heroes, but, there is some sincere issues Koch might even like to see happen. One has to wonder what is occurring behind the Iron Curtain in the House Speakers' Office.
The USA is not in the same space as in 1995. The US House is courting disaster. There needs to be an investigation whom the Republicans are taking advise from and if it is tied to their political funding organizations. This could be "Probable Cause" to require subpoenas regarding participants in Superfunds.
It just might be this entire burgeoning disaster could serve the best interests of Koch Industries. I don't write that here out of political intent or concern it lightly. This is the sovereignty of the country in balance with a Private Industrial Company. Dissolving the USA's federal government DOES serve Koch. Absolutely. Koch is counter-culture.
By Jerry Siebenmark
The Wichita Eagle
...On Tuesday, (click here) Robertson and Charles Koch made brief comments while thousands of Wichita employees joined them on the campus to break ground on the company’s three-story, 210,000-square-foot building that will house 745 employees.
Koch and its companies, which earn about $115 billion in annual revenue, need more space for the nearly 800 employees they’ve added in Wichita in the past 13 years. Their total Wichita employment stands at 3,000 workers....
They are making major investments in Carbon Dioxide and Methane. I am sorry, but, it all fits.
Published: Oct. 2, 2013 at 8:16 AM
BEAUMONT, Texas, Oct. 2 (UPI) -- A division of Koch Industries (click here) said operations at its first liquefied natural gas production facility in the Eagle Ford shale play in Texas will start in 2015.
Stabilis Energy and Flint Hills Resources, a Koch Industries subsidiary, announced plans to build five LNG processors in the Texas shale play. Their joint venture aims to produce LNG for oilfield fuel applications in Eagle Ford, in southern Texas.
"Stabilis will provide our oilfield customers with a reliable source of LNG fuel that will help them reduce operating costs using a reliable domestic fuel source," Casey Crenshaw, the company's president, said in a statement Tuesday.
Texas is one of the largest oil and natural gas producers in the country thanks in part to shale fields like Eagle Ford....
And. All of a sudden, Apple has a landlord. This was a recent shift in focus for Koch. They dismissed purchasing into the news business and stated they were going into electronics. I thought they were investing in R&D. This is not R&D.
Apple needs to diversify their suppliers. If Molex has little to no competition in supplying parts to Apple, it will become expensive for Apple. Apple has bring in more suppliers to remain competitive. Molex is China. Apple needs to move some of their suppliers to USA soil.
By Nick Turner & Scott Moritz - Sep 9, 2013 4:34 PM ET
Molex Inc. (MOLX), (click here) a maker of electronic components for products such as Apple Inc. (AAPL)’s iPhone, agreed to a $7.2 billion acquisition by Koch Industries Inc., the holding company controlled by the billionaire Koch brothers.
Koch will buy Molex’s shares for $38.50 apiece, a 31 percent premium over the publicly traded common stock, according to a statement today. The companies expect to complete the transaction by the end of the year.
Wrong, MOLEX Inc is MOLEX, USA. (click here) If Apple diversifies by bringing in more suppliers in the USA it will be a very competitive market. Currently, Koch hasn't lost anything on their $38.50 investment, but, it is fluctuating. Traditionally, MOLEX is a safe stock with a 25 PE in the past twelve months. This was not a risky venture for Koch. It was mostly guaranteed.
Koch Industries would never do what Goldman Sachs does, but, that is due to personal wealth and greed as opposed to an incorporated bank where officers have their own personal holdings outside the company. Sure they hold shares and they are loyal to the company they work for, but, it is different than Koch. Kochs are NOT risk takers. They want tried and proven profit. They don't care about economic growth or providing jobs so long as their company and personal wealth are intact. It is a different relationship than Blankfein and Goldman.
Lloyd's right to be at the White House. Absolutely. I doubt he had the same conclusions I have written here, though. His insight is more about reading the tea leaves than protectionism as Koch is. I am quite confident Blankfein was bringing the news to the President based on current changes in the 'character' of the USA Bonds. Let's face it, Russia has moved ahead of Germany.
The US Justice Department needs to begin to look at this stalemate with the USA House seriously. I think the US House, no matter how well veiled, is playing to their financial backers rather than the entire well being of the country. I believe the US House wants to stalemate the budget for a long time. It serves their purpose and that of their financial backers.
I don't want to hear how all this mess seems like a coincidence.
THIS IS NOT KINDERGARTEN!
