Starbucks is a Global Icon On Sale Cheap

After being on the road at two different conferences and a funeral, I'm finally home.  I watched my usual late night TV shows when I arrived on Wednesday night.   It seemed they all had some sort of comedy piece to do with the fact that Starbucks closed for the three slowest hours of the day…

This Week in Citizen Joe – 2/25/08

Congress busies itself with a couple of dead-end bills this week on energy, housing and Iraq, while long-stalled action – on the Farm Bill, secret intelligence courts, consumer product safety and patent reform – simmers on the side. The House revives an energy bill that would extend and build out alternative energy incentives. While lawmakers…

Is the Answer Really Blowin’ in the Wind?

The wind power industry continues to expand at a relentless pace across the globe with no decline in the foreseeable future. Indeed, since 1998, the installed global capacity of wind power went from 7,475 MW to 93,849 MW, or a ten-year CAGR of 28.8%. The United States has not remained on the sidelines during this era, and at…

Welcoming Tax Dodgers

A depressing little story from The Irish Examiner notes that “Ireland Inc is well positioned to benefit from new tax laws aimed at foreigners living and working in Britain, which may result in an exodus of wealthy expatriates.” The background to this story is straightforward. Resident, non-domiciled individuals in Britain pay tax only on income…

Hugging an Accountant is Smarter than Hugging a Tree

Big-ass, diesel-guzzling SUVs shouldn't be the main focus of environmentalists. We can keep bickering about the carbon emissions of industrialized nations, but that won't get us far. Environmentalists are wasting their time by hugging trees and buying hybrid cars. Installing solar panels or building wind farms is great, but these are only band-aids. I believe it…

When Do I Buy REITS?

A reader asks: "You said you were watching REITS a few months ago and would pull the trigger if they fell.  Can we buy them yet?" My answer:  Not yet.  I use the Dow Jones Wilshire REIT Exchange Traded Fund, (RWR – $66.32) to follow the REIT market.  Right now the fund has fallen 34%…

Why Microsoft Does Not Need to Raise Bid for Yahoo

Legg Mason's star portfolio manager Bill Miller thinks that Microsoft (MSFT – $28.34)  needs to raise its price in order to acquire Yahoo! (YHOO – $29.57).  At $29.57, Yahoo is trading like Microsoft will up its price (remember, Yahoo deserves a big discount to the deal price because of how long the deal is expected…

This Week in Citizen Joe – 2/11/2008

Listening In. Congress could wrap up a surveillance bill if all goes well this week. The bill would roughly legalize a secret wiretap program that let feds listen in on foreign phone calls, while at the same time adding a bit of oversight from the courts and Congress and, possibly, giving telecoms immunity from lawsuits…