From: John Larkin on 14 Jun 2010 02:09 On Mon, 14 Jun 2010 00:37:52 -0400, Spehro Pefhany <speffSNIP(a)interlogDOTyou.knowwhat> wrote: >On Sun, 13 Jun 2010 21:12:42 -0700 (PDT), the renowned Bill Bowden ><wrongaddress(a)att.net> wrote: > >>On Jun 13, 3:27�pm, Spehro Pefhany <speffS...(a)interlogDOTyou.knowwhat> >>wrote: >>> On Sun, 13 Jun 2010 13:01:15 -0700, the renowned Archimedes' Lever >>> >>> <OneBigLe...(a)InfiniteSeries.Org> wrote: >>> >On Sun, 13 Jun 2010 18:35:34 +0100, Dirk Bruere at NeoPax >>> ><dirk.bru...(a)gmail.com> wrote: >>> >>> >>Same way that the next people on the moon, and probably Mars, will be >>> >>Chinese not Americans. >>> >>> > �Wanna bet? >>> >>> > Put up a bet in Vegas, I'll buy in against it. �You'll lose. >>> >>> Will Vegas still be there in 2050? >>> >> >>Looks like there might be. According to Yahoo finance, Las Vegas Sands >>corp. (LVS) is up about 150% over the past year. Why should this stock >>be so high? >> >>http://chart.finance.yahoo.com/c/1y/l/lvs?lang=en-US®ion=US >> >>-Bill > >Ha. Ever been to Macau? Chinese love to gamble. The billboards along I80, going past the indian gaming sites in California, headed towards Nevada, increasingly show glowing, enraptured asian faces "winning big." Just a few blocks from here, on Saturday mornings, about a hundred Chinese folk gather on the sidewalk, waiting for the chartered bus to Reno. I've heard the serious claim it's genetic. Can't stand to gamble myself. John
From: Bill Bowden on 15 Jun 2010 00:01 On Jun 13, 9:37 pm, Spehro Pefhany <speffS...(a)interlogDOTyou.knowwhat> wrote: > On Sun, 13 Jun 2010 21:12:42 -0700 (PDT), the renowned Bill Bowden > > > > <wrongaddr...(a)att.net> wrote: > >On Jun 13, 3:27 pm, Spehro Pefhany <speffS...(a)interlogDOTyou.knowwhat> > >wrote: > >> On Sun, 13 Jun 2010 13:01:15 -0700, the renowned Archimedes' Lever > > >> <OneBigLe...(a)InfiniteSeries.Org> wrote: > >> >On Sun, 13 Jun 2010 18:35:34 +0100, Dirk Bruere at NeoPax > >> ><dirk.bru...(a)gmail.com> wrote: > > >> >>Same way that the next people on the moon, and probably Mars, will be > >> >>Chinese not Americans. > > >> > Wanna bet? > > >> > Put up a bet in Vegas, I'll buy in against it. You'll lose. > > >> Will Vegas still be there in 2050? > > >Looks like there might be. According to Yahoo finance, Las Vegas Sands > >corp. (LVS) is up about 150% over the past year. Why should this stock > >be so high? > > >http://chart.finance.yahoo.com/c/1y/l/lvs?lang=en-US®ion=US > > >-Bill > > Ha. Ever been to Macau? Chinese love to gamble. > > 2009 domestic income tax -$5.7 million (that's right, negative) > foreign income tax +$519 million. > > I'm guessing you're looking primarily at a bet on the Chinese economy! Yes, I think you're right. There are a few articles about LVS working the asian markets with the "Las Vegas" name. http://www.investors.com/NewsAndAnalysis/Article.aspx?id=528846&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BusinessRss+(Business+RSS) "Its name and headquarters may shout Las Vegas. But for gaming giant Las Vegas Sands Corp. (LVS), Asia is its biggest and most profitable market by far." I know a Chinese gal that runs a breakfast-lunch place and works hard 6 days a week. But she doesn't trust the US stock market and only invests in Chinese stocks, and keeps losing money. She doesn't gamble, just buys stocks her relatives suggest, and keeps thinking Chinese stocks will pay off someday. I get breakfast of one egg, three strips of bacon, two slices of toast and coffee for $2.50, and no tax. -Bill
From: Martin Brown on 16 Jun 2010 06:18 On 11/06/2010 23:29, Don Lancaster wrote: > On 6/9/2010 3:04 AM, Martin Brown wrote: >> >> Again being seen to do something may get brownie points even if it isn't >> particularly effective. Be interesting to see the numbers. > > The numbers are rather scary. > > <http://www.tinaja.com/whtnu09.asp#d06-16-09> It is less than convincing to point at your own blog posts with a hidden URL disguised on a pseudo guru site. Your numbers do not stack up. You keep on harping on about it being a waste of gasoline - but it isn't. The net energy gain from solar PV at low latitudes is real 6-7x. Though solar hot water heating is a lot more cost effective. Solar PV might be a waste of money in that the total capital cost can never be exceeded by the value of the electricity generated but that is a different thing entirely. The economics is improving as thinner and thinner films are made to work and mass produced kit enters the market. Early adopters always end up paying over the odds and to kick start the market it makes sense for some subsidies for renewables to help wean people off their standard assumption of dirt cheap gas forever. Regards, Martin Brown
From: Don Lancaster on 19 Jun 2010 01:54
On 6/16/2010 3:18 AM, Martin Brown wrote: > > Solar PV might be a waste of money in that the total capital cost can > never be exceeded by the value of the electricity generated but that is > a different thing entirely. No, it definitely is not. The "things" are one in the same. Utilities often contractually equate present kilowatt hours with present dimes. The two are often thus fungible and interchangeable. Money IS energy. Spending money IS spending gasoline. http://www.tinaja.com/glib/pvlect2.pdf -- Many thanks, Don Lancaster voice phone: (928)428-4073 Synergetics 3860 West First Street Box 809 Thatcher, AZ 85552 rss: http://www.tinaja.com/whtnu.xml email: don(a)tinaja.com Please visit my GURU's LAIR web site at http://www.tinaja.com |