No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Archive for the 'Business' Category

August 24, 2007

But, but, but I thought Apples were invulnerable part 2

by @ 18:36. Filed under Business.

FoxNews.com is reporting that there are no less than three working hacks of the Apple iPhone that fully-untether it from AT&T’s network. While it is legal, at least in the US, I won’t be supplying the links (mainly because I can’t afford an iPhone, but also because I strongly suspect that all the methods will void the warranty).

A word to the wise; if you do hack an iPhone for use in the US, you’re going to have to pay the $175 termination fee to AT&T and then pony up to T-Mobile’s network as Sprint and Verizon and US Cellular use an incompatible network format.

Revisions/extensions (7:08 pm 8/24/2007) – Added US Cellular to the list of incompatible networks. The iPhone operates on GSM networks only.

August 17, 2007

Midwest to remain private…for now – UPDATE – link to the agreement

by @ 11:01. Filed under Business.

Good news/bad news – With a major assist from Northwors…er, Northwest, TPG Capital will be taking Midwest Airlines private (pending anti-trust approval). The good is is that much of the current management will be staying around rather than the entire function being moved south. The bad; Northwest is going to want their money back quickly, and the airline industry isn’t exactly a growth industry. That’ll mean cuts.

Congrats to the 4 people who said that they’d go to somebody other than AirTrans. Another person and I got close and said a deal would be done by Labor Day (though we said AirTrans would win). For your approval, here’s the results of that poll.

When will Midwest Airlines be sold to AirTran?

Up to 1 answer(s) was/were allowed

  • Between Labor Day, 2007 and the day before Thanksgiving, 2007 (27%, 4 Vote(s))
  • They won't be sold to AirTran, but will be sold to somebody else (27%, 4 Vote(s))
  • Prior to Labor Day, 2007 (13%, 2 Vote(s))
  • Between January 1, 2008 and June 30, 2008 (13%, 2 Vote(s))
  • They'll remain independent (13%, 2 Vote(s))
  • Between Thanksgiving Day, 2007 and December 31, 2007 (7%, 1 Vote(s))
  • A date after June 30, 2008 (0%, 0 Vote(s))

Total Voters: 15

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Revisions/extensions (11:32 am 8/17/2007) – The (Somewhat) Daily RAG found the merger agreement.

August 15, 2007

iBill

by @ 23:42. Filed under Business.

I’m not quite sure how much a 300 page phone bill costs, but I’m sure the iPhone is the perfect tool for finding out.

Think about how many line items are on a 300 page bill, then consider the minimum time each one must take to complete. The girl in that video can’t possibly have a boyfriend, unless he’s made of iPhones. She’s also obviously malnourished because she’s too busy playing with her iPhone to eat.

July 30, 2007

More playing with food

by @ 11:36. Filed under Business, Corn-a-hole.

I picked this one up on the tail end of The Wall Street Journal This Morning (good bumper music on that radio show, even if it is a bit early for most). The Wall Street Journal reports (subscription required for the full story) reports on a company called LS9 that claims that it can turn sugar into “bio-crude” by using engineered microbes. The big benefit over turning that sugar into ethanol is that the “bio-crude” does not contain oxygen and thus can enter the existing petroleum infrastructure. Of course, given that there is still a fascination with oxygenated fuels despite mounting evidence that they do no net enviromental good, and that while the infrastructure for corn-a-hole is growing, the overtaxed infrastructure for petroleum is at best stagnant, that’s not exactly as big a positive as one can hope for.

LS9 also claims in a Technology Review (by MIT, yes THAT MIT) article that they’ll soon be able to customize said “bio-crude” into any number of specific hydrocarbons, thus potentially cutting out refineries entirely.

A couple of quick questions:

– Given that they’re still playing with food, how is that going to stem the looming worldwide food crisis as we keep on diverting more and more food to fuel?
– How efficient is it, really?
– Even if it is efficient in the lab, can it be scaled up to production (with or without regard to the first question)?
– Why the focus on food, when we’ve got proven, if not exactly efficient, technology to turn coal into crude and plenty of coal that the envirowhackos don’t want burned?

July 20, 2007

Dow closes at 14,000, women and children hardest hit

by @ 7:40. Filed under Business, Presstitute Follies.

Or so says Avrum D. Lank on the front page of this morning’s paintcatcher. Leave it to the presstitutes to pour pee in the punch bowl.

July 13, 2007

Flagship console underperforming? How NOT to regain momentum – Part 2

by @ 20:00. Filed under Business.

(H/T – Ace)

Remember that price drop on the 60 GB version of the Playstation 3? Many people, including me, thought it was a move to get the PS3 closer in price to Xbox 360. Well, we were wrong – it is to clear the shelves of the 60 GB in preparation for the upcoming $600 80 GB version.

I now put the odds of the PS3 still being around when Gran Turismo 5 comes out at 33%. If you can forgo the wireless network and HDMI, you can get the “common” version of the Xbox 360 (once called “Xbox 360 Pro” – $400) and the HD DVD player ($200) for $600. If you can forgo the hard drive and HDMI, you can get the “Core” version ($300), the HD DVD player and the wireless network ($100) for $600. If you can forgo the wireless network, you can get the HDMI-equipped Elite ($480) and the HD DVD player, along with a larger hard drive and potential integration with Windows Media Edition 2005/Vista Premium/Vista Ultimate (also available with the other Xbox 360s), for $80 more than the PS3. Morever, unlike the all-at-once solution from Sony, Microsoft allows upgradability (of course, at a price).

Meanwhile, the Wii still chugs along at $250, IF you can find it. Never mind that, other than the trick controller, it is essentially the GameCube, and as such, is about as advanced as the PS2 (indeed, certain games on the PS2 can be run in HD, while the best the Wii can do is ED).

Once again, smooth, Sony. REAL smooth. </sarcasm>

July 9, 2007

Flagship console underperforming? How NOT to regain momentum.

by @ 18:30. Filed under Business.

(Inspiration – Sean Hackbarth’s TAM Money and Finance)

It’s no secret that Playstation 3 has bombed for Sony since its Christmas 2006 launch as the most-expensive gaming system ever. So, what does Sony do?

– First, it keeps on producing and supporting the Playstation 2. It may have worked once when the PS2 was a “mere” $300 and the PS1 was knocked down to $100, but do note that neither Microsoft nor Nintendo went that route when they brought out the Xbox 360 and Wii.
– Drop the “cheaper” $500 version, with a 20 GB hard drive, no card reader and no wireless networking back in April in favor of the then-$600 version with a 60 GB hard drive, a built-in card reader, and built-in wireless networking.
Make a higher-capaicity version (80 GB hard drive vs. a 60 GB hard drive) with an included game, and dropped the price of the “base” 60 GB version at $500, still $20 higher than the highest-cost Xbox 360 Elite (which has a larger hard drive than either PS3, but does not include a high-definition DVD player, which is a $200 add-on or wireless networking, a $100 add-on).

Smooth, Sony. REAL smooth.

July 2, 2007

But, but, but I thought Apples were invulnerable

by @ 14:46. Filed under Business, Politics - National.

(H/T – Pete)

It sure looks like our friends across the pond will have the iPhone much earlier than Apple had intended. The Times of London reports that hackers have had theoretical success in untethering the iPhone from AT&T, which would allow, among other things, people in Europe to use the iPhone much earlier than the end-of-the-year release date intended by Apple. Like Pete and unlike The Times, I won’t give you links to the hackers, but they’re pretty easy to find.

Hack on!

June 13, 2007

Worldwide Net penetration at 20%, broadband at 6%

by @ 20:55. Filed under Business.

So says the Guardian and the internet consulting firm Point Topic, even though the headline writer doesn’t know that 300 million (the number estimated to have broadband access to the Web) is not 20% of 6.6 billion. The 1.1 billion with internet access, however, is 1 in 5.

The writer of the article bemoans the fact that Africa is lagging. Honestly, I’m not surprised; unlike the murderous thugs that run Red China, the tin-horn dictators of Africa don’t have the pull to get various Web-based companies to self-censor for the locals who need to be kept in the dark to preserve the dictators’ power.

Other random observations:

– Even though Red China is poised to beat the US in total number of broadband users (60 million in the US, 53 million and growing rapidly in China), broadband penetration in China is still under 15% of households as opposed to 53% in the US.

– South Korea leads the pack, with 90% of the households wired for speed.

– Indonesia and Greece are leading the pack in growth; of course, they’re starting late and from a low base.

May 29, 2007

The Kind of Job Robots Will Be Doing Some Day

by @ 21:58. Filed under Business, Sports.

Does your job give you little satisfaction?

Does it fail to challenge you in any way?

Do you have a boatload of benefits?

Do you think the union gives you job security?

Think again.

Sooner or later somebody finds a better way, one that grows business and cuts costs. Even the government is doing it these days.

But in February, the city provided her with help. An automated ranger, if you will, now dispenses day fishing permits. It resembles a ticket machine you might have seen at a trolley stop.

“You press a button for the number of tickets you want, and then you insert payment and get a slip. It prints the date and time,” Felchlin said.

Before the machine was installed, Miramar Reservoir was closed on Wednesdays, Thursdays and Fridays. But now the public has the opportunity to fish from shore seven days a week. Besides generating much-needed revenue, the automated ranger is also user-friendly.

Pretty scary huh? The government has figured out that you don’t actually need people to shuffle paper. Before long, they’ll discover that you don’t need paper, either.

So, has our poor ranger friend got a Plan B?

“Even if they programmed this to sell boat permits, they still need someone to issue boats,” Felchlin said.

I wouldn’t bet the farm on it, Lori. Haven’t you seen any of the latest car commercials, with all the fancy robots moving about? Sooner or later somebody is going to program one of them to stack boats. You’re better off studying to be a robot mechanic.

May 14, 2007

Doyle wants you to protest high gas prices by…

by @ 7:22. Filed under Business, Politics - Wisconsin, Taxes.

…supporting higher gas taxes. Yes, you heard me right; to protest $3.40/gallon gas, Jim “Craps” Doyle wants you to pay $3.49/gallon(once the inevitable half-cent rounding occurs). Only a stupid lieberal who has no concept of the free market would think that increasing the amount of money government takes from the sale of a commodity would decrease the price of that commodity.

If only I had the audio from the 6 pm WTMJ-AM newscast from yesterday to go along with this, but since I don’t have recording software on my machine and I was in my car at the time, you’ll just have to rely on my memory.

May 9, 2007

Some serious Bravo Zulo outgoing

by @ 10:07. Filed under Business, Politics - Wisconsin.

From JSOnline’s DayWatch

The Wisconsin Committee for Employer Support of the Guard and Reserve (link to the national organization added) said Wednesday that eight organizations have earned its Above and Beyond awards for supporting their employees serving in the guard and reserve (sic).

The ESGR’s highest state-level award, the Pro Patria Award, went to West Salem Middle School and the University of Wisconsin – Whitewater. Representatives from the school received honors last month at a banquet in Green Lake, along with six others honorees:

* The Oshkosh Elks Club

* Deluxe Media Services of Pleasant Prairie

* Frito Lay Inc. of Beloit

* Oshkosh Truck Co.

* Voith Paper Rolls Central

* Weather Central

“Now more than ever it’s important to have employers backing our Reserve component members,” Michael Smith, executive director of the Wisconsin ESGR, said in a statement. “It’s been more than five years since 9-11, and we are seeing (our) citizen Soldiers and Airmen called up for second and third overseas deployments.”…

Again, Bravo Zulo to all 8 employers for stepping up and supporting those in the Guard and Reserve, as well as every other employer that does so.

May 8, 2007

Do not trust gubmint – the Washington County edition

by @ 13:02. Filed under Business, Politics - Wisconsin.

JSOnline’s DayWatch reports the Washington County Board reneged on a $4 million payment to Cabela’s, which it agreed to provide in September 2005 as an incentive for Cabela’s to build in the Town of Richfield. Washington County Attorney Kim Nass warned that there would be “risks” if the board reneged on making this payment, but she didn’t specify. Well, I can think of two:

  • Cabela’s will almost certainly sue for the money. Guess what, sports fans up in what used to be the most-conservative county in the state? Once the courts are done with this, it’s going to cost you far more than the $4 million whether or not Cabela’s gets its money.
  • Other companies considering Washington County to move to will properly see the county as an entity that cannot be trusted. Considering Wisconsin is a tax hell, the inability to offer tax breaks and taxpayer cash without being laughed out of the room is not going to be an asset in the competition for business.

Washington County would have been better off if it never signed that deal.

April 11, 2007

Madison, we have a job problem

by @ 12:49. Filed under Business, Politics - Wisconsin.

Reading beyond the headlines of this DayWatch blurb that focuses too much on Milwaukee County’s piss-poor job-creation performance yields a very dark and bleak picture. The US Bureau of Labor Statistics ranked job growth in the 326 largest counties in the country, including the 6 largest counties in Wisconsin (in alphabetical, Brown, Dane, Milwaukee, Outagamie, Racine, Waukesha and Winnebago), between the third quarter of 2005 and the third quarter in 2006. The average job growth among employers subject to unemployment insurance laws was 1.5%. Waukesha County came in on top of the Wisconsin heap and slotted in at 213rd nationally with a 0.5% increase. Milwaukee County came in second with a 0.1% increase, “good” enough for 252nd nationally, Racine broke even statistically, and the other 4 all lost jobs.

I guess having a very hostile tax/legal/regulatory business climate does have consequences.

February 16, 2007

Potentially huge news on the automotive front

by @ 17:52. Filed under Business.

H/T – CNBC

Shortly after The Wall Street Journal reported in today’s editions that GM and the Chrysler Automotive division of DaimlerChrysler were in discussions to jointly develop a replacement for the Chevrolet Suburban/GMC Yukon XL, the trade magazine Automotive News extrapolated that and earlier reports that DaimlerChrysler was looking to sell Chrysler into claiming that GM was in discussions to buy Chrysler.

Most analysts, including CNBC’s, are discounting the larger buyout. Personally, I think about the only benefit to GM would be that it would hold off Toyota’s bid for being the world’s largest automotive producer for a few more years.

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