PSTI breakout! Pluristem Therapeutics, Inc.
Jul 30, 2008 business, investing, trading
I’ve been waiting for this one for a while, and here it is folks. This is a Lebed pump, but it is a great company with virtually no debt and a low float of 4.75 million shares. Pluristem does adult stem cell research so they are not surrounded by controversy – and they have quite a few products that have yet to be put through phase trials or be approved by the FDA – but just wait, it will happen. Their stem cells they call “PLX” cells (PLacental eXpanded cells) have already successfully treated, for example, inflammatory bowel disease in rats. They have also completed successful pre-clinical trials in treating ischemic stroke.
Bailout bill helps Fannie Mae and Freddie Mac, but not home buyers
Jul 30, 2008 economy, news, politics
I certainly don’t agree with any bailout program, whether it be for corporations or for private citizens – however I do support tax breaks and tax incentives. That is, if they are actually tax breaks and not gimmicks under guise of tax breaks, like the upcoming housing bill includes. The bill, in addition to preventing Freddie Mac’s and Fannie Mae’s insolvency, includes a 10% tax credit up to $7,500 for homes purchased between April 9, 2008, and July 1, 2009. The credit sounds nice, but the $7500 actually has to be paid back in installments over 15 years – making it essentially an interest-free loan. An interest-free loan is better than nothing, but in light of a multi-billion dollar bailout of Fannie Mae and Freddie Mac, it is a meager consolation to potential first time home buyers.
Bob Barr criticizes Fannie Mae/Freddie Mac bailout
Jul 28, 2008 economy, news, politics
In an interview on fox news (Your World with Neil Cavuto), Bob Barr, the Libertarian nominee for president, criticized a potential Fannie Mae/Freddie Mac bailout – saying that it further puts taxpayers at risk if the government gives Fannie Mae and Freddie Mac even a temporary line of credit. Connell McShane, in typical mainstream media ignorance, said “The question you have to ask yourself, as you know, in these situations is, what happens if I do nothing? What would happen if the Treasury, the Fed, the government did nothing in this case?” to which Bob Barr replied, “I think right now, doing nothing would not be advisable. As much as a Libertarian, we don’t like to see — and I don’t like to see — the government get further involved with yet another sector of the economy. I think, because the government has caused this problem, similar to the savings and loan problem that the government caused a generation ago, it has to do something. The question is, can it do enough by providing some temporary security, some temporary backup?” The savings and loan scam, ironically, is the same one that John McCain was involved in. Are we really so ignorant as to think that John McCain, one of the Keating five, is going to do anything to get the government off the backs of the people? I think not. Unfortunately, neither will Obama – he is a worthless candidate as well. That is why I am voting third party this election cycle. Bob Barr is great, but Chuck Baldwin is better. Chuck Baldwin for President 2008! (That is, if Ron Paul doesn’t take the nomination in a brokered convention.)
