Thursday, September 23, 2010

In Rural Missouri, an IT Outsourcing Company Challenges India

Can information technology services companies located in rural areas in the U.S. compete with lower- priced counterparts offshore? Shane Mayes is betting they can. The 37-year-old founder of Onshore Technology Services says his 70-person business, which teaches software development skills to former manufacturing workers in small towns in Missouri, had $5 million in revenue last year, expects $10 million this year, and plans to hire an additional 70 employees in 2011. Mayes, who founded Onshore in 2004, spoke with Entrepreneurs editor Nick Leiber about his company’s training program, pricing strategy, and plans to expand to 1,000 employees. Edited excerpts of their conversations follow.

Click here for the story.

Monday, September 20, 2010

Libertarians dream big in Georgia

Nathan Deal’s financial issues have also caused Libertarians to dream that their gubernatorial candidate, John Monds, might cross the all-important 20 percent threshold of voter support in the upcoming general election.

Click here for the story.

A culture of cheaters: Peter Schiff tells more truth

Thursday, September 16, 2010

Silver, What a Trade...

By Nick Sorrentino

Warren Buffett often says that he gets one or two good investment ideas a year. When I first heard this as a budding investment advisor I remember thinking; One idea a year? Warren Buffett?

In the years since I have come to understand what he means. One idea a year is good.

I am very much a middle class kid and as an entrepreneur the investment I am most inclined to make is in my business. I don’t have gobs of capital lying around. Man, in late 2008 I wish I had.

Silver in the fall of 2008 was a huge opportunity. Prior in the year silver crested to $20.92/ oz on March 17, and then fell precipitously to a low of just under $9/oz on October 23.

In case you forgot what October of 2008 was like, all holy hell was breaking out at the time. I was a stock broker during those days and I remember it all too well. It was chaos. Unhappy clients. The world looked headed for the total abyss. Dark times swept in.

But amidst all the chaos one thing was strikingly obvious. Silver was a friggin steal.

If the Fed started printing money hand over fist silver was likely to rise as a store of value. If we headed into a V shaped recovery (which I doubted) silver would rise as an industrial metal. Rarely do these kind of obvious trades show themselves. And as I saw the price of silver decrease I bit my lip and bought a little for myself. I wish I could have bought more. I likely won’t see a trade like the fall 2008 silver trade again for a long time. That’s the way it goes I suppose.

So now we are back up over $20 again. I pray that some of the people I spoke to in the dark days with a frothing mouth bought some. I know that at least a few did. I am happy about this, and I say that the ride is likely far from over.

As the dollar gets increasingly wobbly silver will continue to shine. It won’t go up all the time, and it won’t go up forever, but I believe that the current macro economic climate will only make sense to us years down the road when China’s overheated RE markets bust, and the USA really comes to terms with its colossal debt. We will understand why things acted the way they did. In the mean time silver looks pretty darn good as we fumble around.

I believe also that it is fair to say that the specter of an expanded war somewhere in Asia in the next 3 years lurks. Who knows for sure, but if the economy continues to struggle a true philosophy of creative destruction might take hold down Washington way. If that happens silver will likely become more valuable as investors seek safety from not only war generally but also from an even more debased dollar.

Lets hope this scenario never happens and that we come to our senses and start ratcheting down overseas. But we might not.

It is also likely that if a new reserve currency emerges, silver will be a part of it.

Regardless, if you bought silver during those very nasty days I salute you. Celebrate the $20/oz price. Don’t despair if it dips below again. Just remember why you own silver. It’s real money.

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Monday, September 13, 2010

Paul says GOP shares blame for deficits

"We as Republicans have taken the easy way out a lot of times," said Paul, a first-time candidate who portrays himself as a political outsider. "We vote to cut taxes but we don't ever vote to cut any spending. Because as soon as you do, as soon as you bring up a program, it's somebody's program and they love it.

"You can't have it both ways. You can't tell me that you're taxed enough already, and that you want constitutional government and then in the next breath say, `Bring me home some bacon.' The pig has been picked clean."

Click here for the story.

Friday, September 10, 2010

Ground Zero Mosques, Burning Korans, Bread and Circuses

By Nick Sorrentino

The whole Koran burning thing has long since spun out of control. But this deep seeded tribalism in the USA makes me sad. What is this crap?

The current hysteria, and it is as close to mass hysteria in some circles as it gets, was provoked by the stupid decision to build a mosque right next to Ground Zero. This was inflammatory (so to speak) and should not have happened.

But this guy down in Florida burning Korans or not burning Korans? Come on. The church has 50 people in it. Yet his asinine stunt was highlighted by the Obama administration? Why? Honestly why? It makes no damn sense. This is my biggest question in this whole fiasco.

Some guy from the coastal swamps of Florida declares that he is going to burn Korans in protest. Big deal. He’s a nut. He has a right to do this in the United States. But why would the Obama administration give a stage to this guy? How many people will die because of this stupid move by the White House? My bet is at least a few.

So this is what we are reduced to now. Our economy is nearing free fall and we are consumed by a mosque and some dude form Lynard Skynard’s home town. (No offence to Lynard Skynard fans I count myself as one.)

This is classic. The public gets all riled up about some social issue that really gets under their skin, all the while the economic issues, the things that really affect them, continue on unnoticed.

Step back people. For God’s sake step back. Your country is bankrupt and China dangles the economic sword of Damocles over our heads. But what am I saying? That’s probably why we are paying attention to all of this nonsense.

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Thursday, September 9, 2010

Fidel Castro: Cuban Economic Model Doesn't Work

Well this is a newsflash. Cuba doesn't work? I didn't know that.

Seems like a paradise to me, what with all the palm trees and 57 Packards and all. I guess a sugar cane based economy is hard to keep going. Hmm...

I suggest that Havana look to Miami. Start building gay clubs and retirement villages and Cuba will be rocking and rolling like in the good old days.

Wednesday, September 8, 2010

Fla. minister: Sept. 11 Quran burn still planned

Burning any book is just distasteful. I don't care what the book is.

But the attention this guy is getting is just ridiculous. The church has 50 people in it. This is no mass movement. But the White House and General Petraeus are weighing in on this guy's stunt? Why?

People do all kinds of nutty inflammatory (in this case literally) stuff every day but they don't have CNN covering it. This should be a non-story. Or at least a very small story.

Of course I'm posting about it.


The leader of a small Florida church that espouses anti-Islam philosophy said Wednesday he was determined to go through with his plan to burn copies of the Quran on Sept. 11, despite pressure from the White House, religious leaders and others to call it off.

"We are still determined to it, yes," the Rev. Terry Jones told the CBS Early Show.

Click here for the story.

Tuesday, September 7, 2010

Rand Paul's lead over AG Conway growing

Lets just hope Rand can keep it going. I think the polling we are seeing reflects the fact that Kentucky is a down to Earth kind of state.

And Rand's opponent, Conway, geez, I don't know the guy but how many times was this pretty boy elected student body president? A strong contrast to Rand, who lets just say, tends to be a little rough around the edges at times.


Republican candidate Rand Paul has increased his lead over Kentucky Attorney General Jack Conway in the race for the state's open U.S. Senate seat, according to recent poll results.

Click here for the story.

Monday, September 6, 2010

Reports from Ron Paul, John Dennis live in San Francisco

I just got back from hearing Ron Paul, John Dennis, and Matt Gonzalez speak at the "Principle over Politics" rally in beautiful downtown San Francisco.

Matt Gonzalez, former Green Party vice presidential candidate and the man who should have been the mayor of San Francisco, spoke first. Gonzalez is a Lefty, I didn't agree with everything he said, but his outspoken criticism of empire, the Federal Reserve system, the police state, and centralized power and wealth were making a lot of libertarian heads nod.

Click here for the story.

Friday, September 3, 2010

How many sunsets are you given in your life? How many sunsets do you enjoy in the canyons of New York?

By Nick Sorrentino

Let me tell you a little about the country. What I say I say as a raised suburbanite. I never knew what real quiet was. I never knew how to raise a tomato plant. And I sure as hell never listened to John Cash.

I grew up thinking that country people were stupid, deer hunting was barbaric, and country music sucked. What an idiot I was.

I still don’t like deer hunting but I now understand its appeal. New country music does indeed suck, but the old stuff and the alt country being made all over this great land is some of the greatest art ever made.

We unfortunately take far too many cultural cues from places such as New York and LA. I love NY. LA is hole. But give me the Blue Ridge any day.

I say this again as someone who has straddled suburban and rural now for about a decade. You guys who slog your way into Manhattan and DC each day in your air conditioned SUVs don’t even have any idea what you are missing.

So you think you are at the centers of the universe in DC and New York and London? Sorry dude that you feel that way. Been there. They aren’t.

How many sunsets are you given in your life? How many sunsets do you enjoy in the canyons on New York? Not many. As I remember dusk was little more than dim light before the darkness of the night. In the country sunset is a miracle.

Like I said I love New York. Man I enjoy the Village. And I love Wall Street and the many things that go with it. But damn hiking up a mountain in the rain is just way cooler.

Of course our society says that it’s not. Driving around in the back of a limo is the goal right? That’s success? F that amigos. If you can’t hike into a place where there isn’t anyone else…Well that’s not how humans are supposed to live I believe.

Saying this, hey, whatever floats your boat. That’s the beauty of freedom. What I think is invigorating and inspiring might make you vomit with boredom and no one wants to live where one feels like vomiting.

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Wednesday, September 1, 2010

New Yorker’s Koch Profile Misses The Point

For those who don't know, much has been made on the left of an article by Jane Mayer from the New Yorker entitled "Covert Operations: The billionaire brothers who are waging a war against Obama."

In the article Ms. Mayer makes a rather feeble attempt at tying the Kochs to the funding of the TEA Party. I don't see why this would be a bad thing necessarily. But she envisions the Koch's as evil industrialists secretly attacking Obama from behind a curtain of hundred dollar bills.

It is a poorly written and shallow piece but it has gotten some traction because so many on the left do not understand why the country has so profoundly turned against the president. There must be someone pulling the strings. There must be a conspiracy against Obama. Why else could so many people dislike the guy. I mean 6 vacations in one year is standard for a president right? Oh and the health care thing. And the inaction in the Gulf oil debacle. Hmmm. It's the Koch's fault.

The thing is the Kochs are the real deal. Do they support their libertarian causes? You bet and with lots of money. But the money they give to libertarian causes is paltry versus what George Soros gives to his pet causes. Soros got a president. The Koch's got the Cato Institute.

Below is a nice response to the hit piece from the New Yorker for your information.


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About Me

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of a social media management company.