- A new group is forming to fight the horrendously bad idea of a city-owned convention center hotel in a city that can’t pay for paving the streets. Boo-ya. As Heywood Sanders, author of the only non-biased study on the subject out there, has shown, if it made business sense to build a convention center hotel someone would have done it for profit instead of needing to dip into taxpayer wallets.
- Speaking of rose-tinted budgeting, anyone get the idea that when it comes to this year’s City of Dallas budget, City Manager Mary Suhm is shaving the cat a little close?
- New evidence from the Dallas-based National Center for Policy Analysis shows that yep, the American Dream is alive and well and income mobility is a fact. The rich get richer, and so do the poor. When they try. Turns out you have to work at staying poor in America, despite what you hear from the chattering class.
- When they hit lows on Monday, I bought some AIG at $3.61, WM at $2.14, and BAC at $27.10, following the same contrarian strategy that netted me a nice gain when I bought Bear Stearns back when it hit around $4 and sold it when it rose to above $13. It’s a big gamble with AIG and WM, but I think BAC is sure to make a strong comeback and quickly, while the other two are just rolling the dice. Sold a bunch of AMR at $11.61 just because I figured it was time (bought most at around $5 a few months back) and was surprised by its performance in the wake of Ike. Maybe jumped the gun on that, but time will tell.
- Hurricane Ike’s Aftermath: Zombies?
Looks like I should have held on selling AMR another day. Oh well.
Well said.