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<channel>
	<title>Andrew Tobias</title>
	
	<link>http://andrewtobias.com/column</link>
	<description>Money and Other Subjects</description>
	<lastBuildDate>Wed, 19 Jun 2013 04:27:26 +0000</lastBuildDate>
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		<title>Our Booth</title>
		<link>http://feedproxy.google.com/~r/AndrewTobias/~3/ZpKFr-_5Vdg/</link>
		<comments>http://andrewtobias.com/column/our-booth/#comments</comments>
		<pubDate>Wed, 19 Jun 2013 04:27:26 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17297</guid>
		<description><![CDATA[<p>A picture being worth 1,000 words &#8212; and my being even lazier than usual in the summer &#8212; <a href="http://andrewtobias.com/column/wp-content/uploads/2013/06/WheelTug_PAS_Booth.pdf">here</a>&#8216;s today&#8217;s column.  Five thousand words!</p> <p>It&#8217;s the WheelTug booth at the Paris Airshow.</p> OH!  AND DON&#8217;T FORGET TO STOP AT THE CLEANERS ON YOUR WAY HOME <p>John Carroll:  &#8220;I completely (TOTALLY) forgot my 2nd quarter [...]]]></description>
				<content:encoded><![CDATA[<p>A picture being worth 1,000 words &#8212; and my being even lazier than usual in the summer &#8212; <a href="http://andrewtobias.com/column/wp-content/uploads/2013/06/WheelTug_PAS_Booth.pdf">here</a>&#8216;s today&#8217;s column.  Five thousand words!</p>
<p>It&#8217;s the WheelTug booth at the Paris Airshow.</p>
<h3>OH!  AND DON&#8217;T FORGET TO STOP AT THE CLEANERS ON YOUR WAY HOME</h3>
<p><strong>John Carroll:</strong>  &#8220;I completely (TOTALLY) forgot my 2nd quarter estimated tax filing until your blog Monday reminded me.  Thank you for thinking of me.  I have an appointment with Dr. Marcovici on Monday the 24th, could you please put a note in your blog?&#8221;</p>
<p>&nbsp;</p>
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		<item>
		<title>Non-Invasive Surgery</title>
		<link>http://feedproxy.google.com/~r/AndrewTobias/~3/2XzjO4CQB_8/</link>
		<comments>http://andrewtobias.com/column/non-invasive-surgery-2/#comments</comments>
		<pubDate>Tue, 18 Jun 2013 04:15:41 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17276</guid>
		<description><![CDATA[<p>It&#8217;s likely the Supreme Court will rule on marriage equality next week.  I assume they will strike down DOMA &#8212; how can the Federal government grant Social Security  benefits (for example) to some of a state&#8217;s legally married citizens and not others? &#8212; and, on narrow grounds, allow same-sex marriages to resume in California while  [...]]]></description>
				<content:encoded><![CDATA[<p>It&#8217;s likely the Supreme Court will rule on marriage equality next week.  I assume they will strike down DOMA &#8212; how can the Federal government grant Social Security  benefits (for example) to some of a state&#8217;s legally married citizens and not others? &#8212; and, on narrow grounds, allow same-sex marriages to resume in California while  not forcing Mississippi (say) to embrace them.  <a href="http://youtu.be/x17wpLjXsi8">This</a> uplifting 5-minute video chronicles the progress.  In a polarized, partisan world, what <em>could</em> be more uplifting than to have the progressive lawyer for Al Gore and the conservative lawyer for George W. Bush back at the Supreme Court &#8212; only this time united for love, equality, and the pursuit of happiness.</p>
<h3>BRAVE NEW WORLD</h3>
<p>Thanks to the estimable Fred Stanback for this awesome video:  <a href="http://www.youtube.com/embed/IfJemqkby_0?rel=0">The operating room of the near future . . . no cutting you open!</a>  (Or, to be honest about the wellspring of my enthusiasm: no cutting <em>me</em> open.)  I&#8217;m telling you, kids, if we can just make it through the next couple of decades, investing in the future and learning better how to share our collective blessings, there are going to be enormous collective blessings to share.</p>
<p><a href="http://voices.yahoo.com/flossing-heart-disease-3093095.html">Floss</a>.</p>
<p>&nbsp;</p>
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		<item>
		<title>Competition on the Tarmac</title>
		<link>http://feedproxy.google.com/~r/AndrewTobias/~3/Y7dv2vuJ1uM/</link>
		<comments>http://andrewtobias.com/column/non-invasive-surgery/#comments</comments>
		<pubDate>Mon, 17 Jun 2013 04:15:49 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17267</guid>
		<description><![CDATA[<p>Your second estimated quarterly estimated tax is due today . . . <a href="http://www.irs.gov/uac/Form-1040-ES,-Estimated-Tax-for-Individuals-1">click here</a> for forms and instructions.  And thanks, thereby, for helping to lower our deficit by $700 billion  since George W. Bush handed it off to Barack Obama!  It&#8217;s now approaching manageable levels again.  Our S&#38;P bond rating outlook has been <a [...]]]></description>
				<content:encoded><![CDATA[<p>Your second estimated quarterly estimated tax is due today . . . <a href="http://www.irs.gov/uac/Form-1040-ES,-Estimated-Tax-for-Individuals-1">click here</a> for forms and instructions.  And thanks, thereby, for helping to lower our deficit by $700 billion  since George W. Bush handed it off to Barack Obama!  It&#8217;s now approaching manageable levels again.  Our S&amp;P bond rating outlook has been <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/10/sp-upgrades-u-s-credit-rating-proves-continuing-irrelevance/">upgraded</a> from negative to stable.  And if we would only do a few common-sense things blocked in Congress for so long now &#8212; mainly, investing in the infrastructure we so badly need, which would employ people who so badly want to work &#8212; we&#8217;d get the economy booming and the deficit lower still.  (And when better than now, when the real cost of long-term borrowing is near zero?)  But all the Republicans can do is vote over and over to end Obamacare (37 votes and counting); vote to prevent universal background checks 90% of the country favors; block scores of appointments; and pass laws at the state level to force women to undergo government-mandated invasive procedures that neither they nor their doctors want.  (Well, and pass laws to restrict voting rights &#8212; &#8220;The Voter Suppression Project,&#8221; as Chapter 6 of  Jonathan Alter&#8217;s <a href="http://www.amazon.com/The-Center-Holds-Obama-Enemies/dp/1451646070/ref=sr_1_1?ie=UTF8&amp;qid=1371385223&amp;sr=8-1&amp;keywords=The+center+Holds"><em>The Center Holds</em></a> is titled.)  All this to thwart a Marxist fascist Kenyan-born President who hates America and Big Business . . . yet has somehow managed to have averted depression and allowed corporate profits and the Dow Jones Industrial Average to hit record levels.  Imagine how far along we&#8217;d have been with a <em>loyal</em> opposition.</p>
<p>But I digress.</p>
<h3>SODA</h3>
<p>I have no idea how much credence to give this &#8212; &#8220;<a href="http://www.fool.com/investing/general/2013/06/12/3-stocks-to-buy-for-the-next-20-years.aspx">Three Stocks to Buy for the Next 20 Years</a>.&#8221;  But I don&#8217;t mind that as his third pick, alongside Berkshire Hathaway and Google, the author has chosen <a href="http://andrewtobias.com/column/fizz-2/">SODA</a>.  Not the worst company to be in.  Pun intended.</p>
<h3>BOREF</h3>
<p>The Paris Air Show is underway.  It is the debut for WheelTug&#8217;s main (only?) competitor, Honeywell/Safron.  <a href="http://www.aviationweek.com/Article.aspx?id=/article-xml/awx_06_16_2013_p0-588629.xml">Here</a> is Aviation Week on that debut.  And <a href="http://online.wsj.com/article/SB10001424127887324049504578545791714539954.html?KEYWORDS=ANDY+PASZTOR">here</a> is the <em>Wall Street Journal&#8217;s</em> Friday post, also focusing mainly on the demonstration that H/S is about to do.  The <em>Journal</em> chose not to mention <a href="http://www.youtube.com/watch?v=3rYtn1m-1mM">this video</a> of WheelTug&#8217;s doing the same thing a year ago.  Or WheelTug partners like $12 billion Parker Hannifin.  Or the names of specific WheelTug airlines like KLM, Alitalia, and El Al.  But it did report that WheelTug now has letters of intent from 11 airline partners and referenced some possible advantages to a system like ours that is located in the nose wheel instead of the main wheels and . . . well, read it (sorry; seems to require a WSJ subscription), or just trust me when I say I sure would have hoped for more.</p>
<p>Then again, it&#8217;s now pretty clear that e-Taxi is coming, most likely from WheelTug or H/S or both.  That will be good for travelers and the environment and for the profits of the early airline adopters.  (Eventually, when <em>most</em> airlines are realizing these savings, competition will cause those savings to be passed through to passengers in the form of lower fares.)</p>
<p>And I did love the <em>Journal</em>&#8216;s line that &#8220;. . . the [H/S] joint venture&#8217;s contingent of roughly 200 engineers is scrambling to keep up with rival WheelTug . . .&#8221;  That suggests some pretty remarkable innovation on the part of our much smaller, much less well funded team.  Maybe we&#8217;re struggling Apple, decades ago, to Honeywell/Safron&#8217;s IBM or Microsoft?  (Okay: now even <em>I</em> will admit I&#8217;m getting carried away.)</p>
<p>How the competition between WheelTug and Honeywell/Safron will drive down potential profits remains to be seen, both in terms of their competing for airlines by offering the sweetest deals and also in terms of their competing for cooperation from Boeing and Airbus by perhaps cutting them in for a share.</p>
<p>There is also the very real risk, that as with the Betamax, the inferior &#8220;VHS&#8221; format will prevail.*  Then again, (a) it may not (would <em>you</em> want to carry an extra 400 pounds on every flight if you didn&#8217;t have to?); (b) WheelTug has a slew of patents that could require some sort of settlement from Honeywell/Safron; (c) however it plays out &#8212; with WheelTug winning the spoils, sharing the spoils, or getting Betamaxed &#8212; there remains the possible application of our electric motor technology beyond airplanes (to cars, perhaps?) and the possibility that some of the other technologies Borealis has been working on (and its possible mineral wealth) have value as well.  So even if H/S were to win a monopoly with its inferior technology (and why would it?), Borealis could still have value.</p>
<p>All speculative, but at its current $60 million market cap . . . less than half the price of a <a href="http://www.theartwolf.com/news/picasso-reve-sold-cohen.htm">nice Picasso</a> . . . an irresistible lottery ticket for money you can truly afford to lose.</p>
<p>&nbsp;</p>
<p><small>*Complicating this analogy is the dispute over whether VHS really <em>was</em> inferior.  For the purposes on the analogy, I&#8217;m just accepting the common wisdom that it was.  Although the analogy may be better <em>because</em> of that dispute &#8212; because some will surely dispute that WheelTug&#8217;s approach system <em>is</em> superior.  They will agree that it&#8217;s smarter to use the main landing gear &#8212; though according to <a href="http://airinsight.com/2013/06/12/lufthansa-on-etaxi/">this</a> article, Lufthansa once believed the same thing and, after tests, concluded otherwise.  Or they will note the H/S claim of &#8220;440 pounds,&#8221; not much more than the 300 pounds I;ve seen estimated for WheelTug&#8217;s system.  But I;m not sure that 440 pounds includes the whole system &#8212; it may be just the motors &#8212; which is how their previous mention of numbers more like 800 pounds lead me to think their system may weigh 400 pounds more than ours.  But, truly and for sure, I do not know.<br />
</small></p>
<p>&nbsp;</p>
<h3></h3>
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		<title>Shucks</title>
		<link>http://feedproxy.google.com/~r/AndrewTobias/~3/5APa4KbBIiQ/</link>
		<comments>http://andrewtobias.com/column/shucks/#comments</comments>
		<pubDate>Fri, 14 Jun 2013 04:03:56 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17255</guid>
		<description><![CDATA[<p>John T.:  &#8220;Given yesterday&#8217;s pos [<a href="http://andrewtobias.com/column/summer-recipes/">Summer Recipes</a>]t, I&#8217;m assuming you haven&#8217;t yet seen what might well be the easiest shucking technique for microwave corn.  After cooking, cut off a bit of the base, grab the tassel-end with a kitchen towel, and squeeze out a nice, hot, tassel-free ear of corn.&#8221;</p> <p>Mike Rutkaus:  &#8220;Simplify even [...]]]></description>
				<content:encoded><![CDATA[<p><strong>John T.:</strong>  &#8220;Given yesterday&#8217;s pos [<a href="http://andrewtobias.com/column/summer-recipes/">Summer Recipes</a>]t, I&#8217;m assuming you haven&#8217;t yet seen what might well be the easiest shucking technique for microwave corn.  After cooking, cut off a bit of the base, grab the tassel-end with a kitchen towel, and squeeze out a nice, hot, tassel-free ear of corn.&#8221;</p>
<p><strong>Mike Rutkaus:</strong>  &#8220;Simplify even more, don’t shuck the corn, pull all the husk back over the stem—voila! It’s a handle.&#8221;</p>
<p>Simpler still . . .</p>
<p><strong>Michael Myler:</strong>  &#8220;You can eat corn raw, right off the plant.  I just found this out a few years ago and is my favorite way to eat it now.&#8221;</p>
<p><strong>Greg Buliavac:</strong>  &#8220;I’m currently in a weight loss program.  (HMR Weight Management, if I’m allowed to plug.)  In an amazing coincidence of timing, at last night’s class, they showed <a href="http://www.youtube.com/watch?gl=US&amp;client=mv-google&amp;hl=en&amp;v=YnBF6bv4Oe4&amp;fulldescription=1&amp;nomobile=1">this</a> Youtube.  I think it elevates your “Cooking Like a Guy” corn recipe to the next level.&#8221;</p>
<p>&#9758;  Validates everything I&#8217;ve been saying.  Except . . . do two ears of corn really take twice as long to cook as one?  I thought it was more like First Class postage, where the first ounce costs 46 cents and each additional is just 20 cents.</p>
<h3>BAKLAVA</h3>
<p><strong>Chris Anderson:</strong>  &#8220;In spite of having once enjoyed the taste, I no longer order, touch, or eat baklava because I am allergic to walnuts, so, in addition to the simplicity of the recipe, an added benefit of your Cooking Like a Guy™ method is that one can choose granola without walnuts! When is the <em>Cooking Like a Guy</em>™ (if using Windows, hold down the ALT-key and, using the numeric keypad, type 0153 for the TM symbol) book coming out?&#8221;</p>
<p>&#9758; As soon as I can figure out a manly way to make a souffle.</p>
<h3>QUOTE OF THE (YESTER)DAY</h3>
<p><strong>Chip Ellis:</strong>  &#8220;I don&#8217;t know if you see the Quote of the Day on your web page. I also do not know if readers gets the same quote as other readers on a given day.  No matter,  I am sure you will agree that yesterday&#8217;s quote was comment-worthy&#8221; . . .</p>
<blockquote><p>There are two ideas of government. There are those who believe that, if you will only legislate to make the well-to-do prosperous, their prosperity will leak through on those below. The Democratic idea, however, has been that if you legislate to make the masses prosperous, their prosperity will find its way up through every class which rests upon them. ~William Jennings Bryan, 1896</p></blockquote>
<p>Yes!  It&#8217;s <a href="http://www.youtube.com/watch?v=bBx2Y5HhplI">that Nick Hanauer clip</a> you&#8217;d better all have memorized by now, a century and some before its time.  As true then as now.</p>
<p>&nbsp;</p>
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		<item>
		<title>Summer Recipes</title>
		<link>http://feedproxy.google.com/~r/AndrewTobias/~3/P1Q-umZNY4o/</link>
		<comments>http://andrewtobias.com/column/summer-recipes/#comments</comments>
		<pubDate>Thu, 13 Jun 2013 04:01:21 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17247</guid>
		<description><![CDATA[ICELAND <p>WheelTug <a href="http://www.marketwatch.com/story/icelandair-reserves-wheeltug-delivery-slots-becomes-737max-launch-customer-2013-06-12">picked up</a> its eleventh airline yesterday &#8212; Icelandair.  I know the Arctic is not technically a continent &#8212; just frozen water &#8212; and that probably the folks at the Iceland Tourism Department would rather identify their country with Europe than with the Arctic anyway. But if the Arctic were the eighth continent, [...]]]></description>
				<content:encoded><![CDATA[<h3>ICELAND</h3>
<p>WheelTug <a href="http://www.marketwatch.com/story/icelandair-reserves-wheeltug-delivery-slots-becomes-737max-launch-customer-2013-06-12">picked up</a> its eleventh airline yesterday &#8212; Icelandair.  I know the Arctic is not technically a continent &#8212; just frozen water &#8212; and that probably the folks at the Iceland Tourism Department would rather identify their country with Europe than with the Arctic anyway. But if the Arctic <em>were</em> the eighth continent, and the island of <a href="http://en.wikipedia.org/wiki/Iceland">Iceland</a> were <em>on</em> it instead of just sort of rising up out of the ocean <em>near</em> it, that would allow us to say &#8220;11 airlines on four continents.&#8221;</p>
<h3>QUICK CORN</h3>
<p>Just in time for summer, Cooking Like A GuyTM, part 63.  I haven&#8217;t posted a recipe in a long time because since we switched to WordPress I haven&#8217;t figured out how elegantly to insert the TRADEMARK symbol.  And still haven&#8217;t, but I trust you.  [UPDATE: Thanks to Mark L., I now do!  Cooking Like A Guy&trade;.] </p>
<p>So here, to compensate at least a little, <em>two</em> new recipes.  Starting with corn.</p>
<p>Step one: buy corn.</p>
<p>Step two: microwave to taste.</p>
<p>Seriously, it&#8217;s that simple.  If it&#8217;s good corn, just three or four minutes, husks and tassles and all, and it should be amazing.  When it cools down a little, shuck, salt, pepper, eat.</p>
<h3>INSTANT BAKLAVA</h3>
<p>The simplest way to cook baklava is just to buy some.  But who ever thinks to do that?  Instead:</p>
<p>1.  Pour a little granola into a small bowl.  Or corn flakes, raisin bran &#8212; whatever.</p>
<p>2.  Dip a spoon into a jar of honey.  I know, honey is not that manly, but everyone should have a jar – it’s <i>honey</i>. How can you not?  <i>Bears</i> love honey, and <i>bears</i> are manly.  You could name a football team after bears.  So just dip the damn spoon into the damn jar and then . . .</p>
<p>3.  Putting the base of the spoon onto the floor of the bowl, push some of the granola on top, and then – still holding the now-honey-and-granola-laden spoon level with one hand, take a small knifeful or forkful of I Can’t Believe It’s Not Butter Light (or actual butter, but I’m trying to delight you, not kill you) and dab it on top of the granola, scraping it off the knife or fork with the edge of the spoon.</p>
<p>4.  Put the spoon in your mouth, close your lips, and, as you pull the spoon back out, leaving all the granola and ICBINBL in your mouth &#8212; but just some of the honey to swirl around and just make you <i>crazy</i> it’s so good, just as baklava does, but without having had to bake anything or clean anything (read on).</p>
<p>5.  Repeat until all the granola from the bowl and all the honey from the spoon are gone and you’ve licked the spoon and any honey that dripped onto the bowl, so everything is perfectly clean, as if you were a cat – though, being a guy, you have a dog.  By which I mean a <i>dog </i>– a large, sloppy Labrador retriever or somebody, not one of those dogs that really are so tiny and (let’s just come right out and say it) <i>French,</i> they’re barely dogs at all.</p>
<p>And that, my friends, is how a guy makes baklava.</p>
<p>&nbsp;</p>
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		<title>This Is So Much FUN!</title>
		<link>http://feedproxy.google.com/~r/AndrewTobias/~3/HZIYjkz3YU8/</link>
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		<pubDate>Wed, 12 Jun 2013 04:05:38 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17239</guid>
		<description><![CDATA[<p></p> <p></p> QCOR <p><a href="http://andrewtobias.com/column/mitt/">Bought</a> at $43 or so a year ago, it cratered . . . but yesterday rebounded, touching piercing the $50 mark at one point.  With Guru&#8217;s blessing, I sold at a few pennies more than I had paid, earning for my trouble roughly what I would have earned if I had [...]]]></description>
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<h3>QCOR</h3>
<p><a href="http://andrewtobias.com/column/mitt/"><span style="mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin;">Bought</span></a> at $43 or so a year ago, it cratered . . . but yesterday rebounded, touching piercing the $50 mark at one point.  With Guru&#8217;s blessing, I sold at a few pennies more than I had paid, earning for my trouble roughly what I would have earned if I had kept the cash in my interest-bearing checking account.</p>
<p>(I have an interest-bearing checking account!  It bears interest at the rate of five one-hundredths of one percent!  For each million I leave sitting there, were I ever to find a million dollars someplace, I am paid $41 a month!  Pre-tax.)</p>
<h3>GLDD</h3>
<p><strong>Erich Almasy:</strong> &#8220;If you can&#8217;t raise the water, lower the bottom!  NYTimes:  &#8220;<a href="http://nyti.ms/14R5fBl">Water Levels Fall in Great Lakes, Taking a Toll on Shipping.</a>&#8221;</p>
<blockquote><p>. . . Drought and other factors have created historically low water marks for the Great Lakes, putting a $34 billion shipping industry in peril, a situation that could send ripples through the economy. . . .</p></blockquote>
<p>If only we owned shares in the nation&#8217;s leading dredger.  Oh wait &#8212; <a href="http://finance.yahoo.com/q?s=gldd&amp;ql=1">we do</a>!</p>
<h3>BOREF</h3>
<p>Listen: we may lose all our money, but after 14 years of this, I&#8217;m just having so much fun.  <a href="http://airinsight.com/2013/06/11/electric-taxi-comes-on-strong/">This</a> yesterday from <em>AirInsight</em> suggests that the three competitors in the &#8220;etaxi&#8221; field may have been winnowed to two &#8212; one of which has 10 airlines signed up, the other none &#8212; though it may announce some soon.  I like to think WheelTug will win the competition.  Then again, the more elegant solution does not always prevail (see: Betamax).  As always: <em>only with money you can truly afford to lose</em>.  But if it works, and we win, parent Borealis will be worth far more than the $12.25 at which is closed last night.</p>
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<img src="http://feeds.feedburner.com/~r/AndrewTobias/~4/HZIYjkz3YU8" height="1" width="1"/>]]></content:encoded>
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		<item>
		<title>I Feel Giddy.  Oh, So Giddy . . .</title>
		<link>http://feedproxy.google.com/~r/AndrewTobias/~3/3Vj-Fm6cwd0/</link>
		<comments>http://andrewtobias.com/column/i-feel-giddy-oh-so-giddy/#comments</comments>
		<pubDate>Tue, 11 Jun 2013 06:00:26 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17233</guid>
		<description><![CDATA[<p>With <a href="http://andrewtobias.com/column/fizz-2/">our SODA LEAPS</a> now up 130% in the two months since we bought them, I&#8217;m getting giddy.  Never a good sign.  If you haven&#8217;t already sold half, why not do it now &#8212; and then just sit back and see where SODA goes in the next year and a half?</p> <p>Meanwhile, there seems [...]]]></description>
				<content:encoded><![CDATA[<p>With <a href="http://andrewtobias.com/column/fizz-2/">our SODA LEAPS</a> now up 130% in the two months since we bought them, I&#8217;m getting giddy.  Never a good sign.  If you haven&#8217;t already sold half, why not do it now &#8212; and then just sit back and see where SODA goes in the next year and a half?</p>
<p>Meanwhile, there seems to have been no trading in Borealis shares over in Prague yesterday, but <a href="http://www.pse.cz/On-Line/Kontinual/">there it is</a>, listed alphabetically right after a thing called <a href="http://www.pse.cz/Cenne-Papiry/Detail.aspx?isin=CZ0003502312#OL">BIGBOARD</a> and before what appears to be some kind of bet on <a href="http://www.pse.cz/Cenne-Papiry/Detail.aspx?isin=AT0000489778#OL">BRENT CRUDE OIL</a>.  Perhaps one reason an unusually heavy 10,688 shares of Borealis traded in the US yesterday was Czech market makers buying some to have in inventory, should European buyers come by wanting some.  (But who knows?)</p>
<p><a href="http://andrewtobias.com/column/fun-and-profit-the-center-holds/">Yesterday</a> I mentioned the three principal goals of the loyal opposition: lowering taxes on the rich; economic austerity; and opposing anything &#8212; even things they themselves first proposed &#8212; that the President supports.</p>
<p>I forgot the fourth: voter suppression.  Making it as hard as possible for poor folks and students and minorities to vote.</p>
<p>Their justification for that one is &#8220;voter fraud&#8221; &#8212; surely if you need photo ID to borrow a library book you should need it to vote &#8212; but this is a solution in search of a problem.  In a chapter of <a href="http://www.amazon.com/The-Center-Holds-Obama-Enemies/dp/1451646070/ref=sr_1_1?ie=UTF8&amp;qid=1370831860&amp;sr=8-1&amp;keywords=Jonathan+Alter"><em>The Center Holds: Obama and His Enemies</em></a> titled &#8220;The Voter-Suppression Project,&#8221; Jonathan Alter writes:</p>
<blockquote><p>After five years of investigations and prosecutions, the Bush Justice Department acknowledged in 2007 that no evidence existed of a widespread problem with vote fraud.  In a nation of more than 200 million citizens of voting age,  fewer than fifty people were convicted of voting illegally, almost all of whom offered convincing explanations that they had done so unintentionally.</p></blockquote>
<p>And don&#8217;t get me started on Chris Christy needlessly spending $12 million to hold New Jersey&#8217;s special election to fill the late Frank Lautenberg&#8217;s Senate seat three weeks before the regularly-scheduled November election, just so all those folks likely to turn out for Cory Booker (who is African American) will not likely turn out again three weeks later to vote against Chris Christie and his Republican state legislative colleagues.  To a Republican, that&#8217;s $12 million in taxpayer funds well spent.</p>
<p>&nbsp;</p>
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		<item>
		<title>Fun and Profit – The Center Holds</title>
		<link>http://feedproxy.google.com/~r/AndrewTobias/~3/u2GWUsPzopU/</link>
		<comments>http://andrewtobias.com/column/fun-and-profit-the-center-holds/#comments</comments>
		<pubDate>Mon, 10 Jun 2013 05:43:37 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17217</guid>
		<description><![CDATA[FUN <p>So <a href="http://buyerandcellar.com/?gclid=CMu8-NHP17cCFUyZ4AodlhQAGQ ">Buyer &#38; Cellar</a> reopens June 18.  As I&#8217;ve mentioned, I liked it so much when I saw the 99-seat version, I threw caution to the wind and invested.  But see it anyway.  Its star, Michael Urie, beat out five others &#8212; even including Bette Midler (&#8220;I&#8217;ll Eat You Last&#8221;) and Holland [...]]]></description>
				<content:encoded><![CDATA[<h3>FUN</h3>
<p>So <a href="http://buyerandcellar.com/?gclid=CMu8-NHP17cCFUyZ4AodlhQAGQ ">Buyer &amp; Cellar</a> reopens June 18.  As I&#8217;ve mentioned, I liked it so much when I saw the 99-seat version, I threw caution to the wind and invested.  But see it anyway.  Its star, Michael Urie, beat out five others &#8212; even including Bette Midler (&#8220;I&#8217;ll Eat You Last&#8221;) and Holland Taylor (&#8220;Ann&#8221;) &#8212; for the Drama Desk &#8220;Outstanding Solo Performance&#8221; Award.  Here&#8217;s <a href="http://www.ew.com/ew/article/0,,20364394_20689244,00.html">the story</a>.  &#8220;A fantasy so delightful,&#8221; says <em>The New Yorker</em>, &#8220;you&#8217;ll wish it were true.&#8221;</p>
<h3>PRA-HA-FIT</h3>
<p>Prague, in Czech, is &#8220;Praha,&#8221; which I know because I was a Slavic Languages and Literatures major in college (which meant reading <em>War &amp; Peace</em> in English) and took Czech for a day.  It turned out that all Czech words are stressed on the first syllable &#8212; PRA-ha &#8212; except, the instructor went on to explain, those stressed also on the second syllable.  &#8220;What,&#8221; I asked, &#8220;are you just supposed to shout the whole word?&#8221;  No, she explained, &#8220;listen to the difference.&#8221;  After twenty minutes of not being able to discern the difference, I dropped Czech.</p>
<p>And today Borealis begins trading on the Prague Exchange.  Symbol:  BOREY.  Newsflash: there <em>is</em> a Prague exchange.  Indeed, it is 20 years old.  <a href="http://www.pse.cz/?language=english">Here</a> are current quotes.  I don&#8217;t see BOREY yet, and I&#8217;m not sure when we first will, but I&#8217;m bookmarking <a href="http://www.myczechrepublic.com/czech-currency-converter.php">this</a> dollar-corona currency converter to be ready.</p>
<p>Go ahead, laugh.  Pra-ha-ha-ha-ha.  But Gregor Mendel, founder of the science of genetics, was Czech, as were Franz Kafka and Antonin Dvorak, and as is Milos Forman, whose &#8220;One Flew Over the Cuckoo&#8217;s Nest&#8221; in 1975 won all five major Academy Awards &#8212; and what company, I ask you, is more cuckoo than Borealis?  Or, well, not cuckoo &#8212; I think it may have passed that stage.  Let&#8217;s just say <em>unusual</em>.</p>
<p>In any event, the more interesting near-term action could be in Paris, June 17-23, rather than Prague.  Borealis will be at the Paris Air Show, Hall 5, E-264.</p>
<h3>THE CENTER HOLDS</h3>
<p>So the Republicans stand for basically three things:  cutting taxes on the wealthy; austerity; and blocking everything the President tries to do &#8212; even if it was originally their idea.  They justify the first by dubbing the wealthy &#8220;the job creators.&#8221;  But as serial entrepreneur multi-billionaire Nick Hanauer <a href="http://www.youtube.com/watch?v=bBx2Y5HhplI">shows so clearly in under six minutes</a>, it is actually the middle class who are the job creators.  They justify austerity by citing a &#8220;massively influential&#8221; study by two Harvard professors that <a href="grad-student-who-shook-global-austerity-movement.html">turns out</a> to have been massively wrong.  And they justify the third &#8212; well, they don&#8217;t even try.  They&#8217;re just determined to see the President fail, whatever damage that may do the country.  For more on that, see Jonathan Alter&#8217;s <a href="http://www.amazon.com/The-Center-Holds-Obama-Enemies/dp/1451646070/ref=sr_1_1?ie=UTF8&amp;qid=1370831860&amp;sr=8-1&amp;keywords=Jonathan+Alter"><em>The Center Holds: Obama and His Enemies</em></a>, just out.  Will someone please bring back the Grand Old Party?  The party of Lincoln, who subsidized construction of the railroads (infrastructure!) and launched the first land-grant colleges and the National Academy of Sciences . . . of Teddy Roosevelt, who busted the trusts and championed meat inspection and honest food and drug labeling . . . of Eisenhower, who gave us the Interstate Highway System (infrastructure!) and, <a href="http://www.quotationspage.com/quote/9556.html">lamenting a bloated military</a>, warned of what he called the &#8220;military-industrial complex&#8221; . . . of Nixon (yikes!), who launched the Environmental Protection Agency and the Occupational Safety and Health Administration . . . and so many moderate Republican members of the House and Senate.  Virtually all gone.</p>
<p>The center held this last time.  But our friends across the aisle, with their three goals (and their four &#8220;pillars of deceit&#8221; &#8212; government, the media, academia, and <em>science</em>), remain determined.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>Limit Orders</title>
		<link>http://feedproxy.google.com/~r/AndrewTobias/~3/aMPUMLKjVW8/</link>
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		<pubDate>Fri, 07 Jun 2013 04:07:10 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17208</guid>
		<description><![CDATA[<p>Oh, God, oh God.  One of you must have put in an order to buy BOREF yesterday morning without a limit, so it jumped from $8.63 to $11 on, like, 500 shares.</p> <p>I usually remember to say, &#8220;on thinly traded stocks, let alone one as thinly traded as this, be sure to use limit orders!&#8221; [...]]]></description>
				<content:encoded><![CDATA[<p>Oh, God, oh God.  One of you must have put in an order to buy BOREF yesterday morning without a limit, so it jumped from $8.63 to $11 on, like, 500 shares.</p>
<p>I usually remember to say, &#8220;on thinly traded stocks, let alone one as thinly traded as this, be sure to use limit orders!&#8221; Forgot this time.</p>
<p>Not that it much matters in this case:  Two years from now, if the shares are $100, you&#8217;ll be quite pleased you snagged yours at $11.  And if they&#8217;re 30 cents, your percentage loss will have been pretty much the same.</p>
<p>Still, mea culpa for not reminding everyone: with a thinly traded stock &#8212; and few are more thinly traded than this one &#8212; always use &#8220;limit orders.&#8221;</p>
<p>(With a limit order, you tell your broker &#8212; or click the appropriate boxes on his trading screen &#8212; that you want to buy 100 shares, say, but only at a price of $9 or better.  If you set the limit too low, you may not get the shares right away, or ever.  But neither will you find yourself involuntarily gouged.  Similarly, with a limit <em>sell</em> order, the broker will only <em>accept</em> a price for you equal to or higher than the one you set.  If you set the limit too high, you may not make the sale right away, or ever.  But neither will you find yourself robbed. )</p>
<p>As it happens, more shares were traded as the day went on and the stock <em>closed</em> at $11 and change.  But it was fewer than 4,000 shares that drove this 28% gain . . . so imagine if someone tried to <em>sell</em> 4,000 shares today.  The gain could vanish.  Let&#8217;s see where it is two years from now.</p>
<h3>SPEC-ULATION</h3>
<p><strong>M.:</strong>  &#8220;Just wanted to say thanks. I got fitted for new spectacles and bought a pair from a national chain. Cost: close to $400.  As a backup (I have kids, who break things) I went to <a href="http://www.warbyparker.com/">Warby Parker</a>, per your <a href="http://andrewtobias.com/column/seeing-clearly/">post</a>. Total cost: $125.  The $400 pair are now my backups and I can&#8217;t believe the quality, speed to fill (faster than the national chain by 4 days) and the low cost. Not to mention the fact that another pair was donated to someone in need.  These guys will be my go-to from now on.&#8221;</p>
<h3>SODA</h3>
<p>I hope they go much higher, but now that SODA LEAPS have more than doubled in the two months we&#8217;ve owned them, this is a reminder to sell half, if you haven&#8217;t already, so that from now on &#8212; as they say in Las Vegas &#8212; you are playing with the house&#8217;s money.</p>
<p>&nbsp;</p>
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		<title>What – You’ve Never Seen “The Maltese Falcon”?  Seriously?</title>
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		<comments>http://andrewtobias.com/column/what-youve-never-seen-the-maltese-falcon-seriously/#comments</comments>
		<pubDate>Thu, 06 Jun 2013 04:32:41 +0000</pubDate>
		<dc:creator>A.T.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://andrewtobias.com/column/?p=17193</guid>
		<description><![CDATA[<p>Following on <a href="http://andrewtobias.com/column/how-were-doing-vs-other-humans/">yesterday</a>&#8216;s graduation speech . . . <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/join-wall-street-save-the-world/">here&#8217;s a story</a> about young graduates out to make a lot of money &#8212; but mainly to give it away.  Do you know Peter Singer&#8217;s classic question about the toddler drowning in a shallow pond?  Would you muddy your shoes and be late to work to [...]]]></description>
				<content:encoded><![CDATA[<p>Following on <a href="http://andrewtobias.com/column/how-were-doing-vs-other-humans/">yesterday</a>&#8216;s graduation speech . . . <a href="http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/31/join-wall-street-save-the-world/">here&#8217;s a story</a> about young graduates out to make a lot of money &#8212; but mainly to give it away.  Do you know Peter Singer&#8217;s classic question about the toddler drowning in a shallow pond?  Would you muddy your shoes and be late to work to save her if no one else were around to help?  Do you know about <a href="http://www.givewell.org/">GiveWell.org</a>?  If you have a minute, read the story.</p>
<p>Hoping to make a lot of money myself one day, I&#8217;m still enjoying Tuesday&#8217;s airberlin announcement, wherein WheelTug picked up 110 more potential planes to retrofit.  Trading in Borealis stock barely budged.  But airberlin stock was up &#8212; choose the three-day chart <a href="http://markets.ft.com/research/Markets/Tearsheets/Summary?s=ABX:GER">here</a> to best see it &#8212; even in the face of an unrelated sell recommendation (if I&#8217;m reading <a href="http://translate.google.com/translate?sl=de&amp;tl=en&amp;js=n&amp;prev=_t&amp;hl=en&amp;ie=UTF-8&amp;eotf=1&amp;u=http%3A%2F%2Fwww.finanznachrichten.de%2Fnachrichten-2013-06%2F27031560-air-berlin-steigt-trotz-verkaufsempfehlung-061.htm">this</a> translation right).  You could say that the difference is that airberlin has some credibility in the financial market, so when it announced what it believed to be good news, some people bought shares; whereas Borealis, after 14 years of bold projections and  no revenue, has earned a first class baggage allowance of skepticism.</p>
<p>And yet . . . the thing works.</p>
<p>Pick your magician: it&#8217;s one thing to <a href="http://www.youtube.com/watch?v=FwOV8zVRczM">make a jet vanish</a> (it was a <em>small</em> jet, and, even if it really did vanish, how is that valuable?); quite another to <a href="http://www.youtube.com/watch?v=3rYtn1m-1mM">drive one around</a> for hours with no assist from the main engines, potentially saving a fortune (try <em>that</em>, David Copperfield).</p>
<p>If the system gets FAA Certification, what airline would <em>not</em> want this money-saving capability?</p>
<p>And because the system is not flight critical . . . and because so many <a href="http://www.wheeltug.com/customers.shtml">airlines</a> want it and so many experienced <a href="http://www.wheeltug.com/partners.shtml">partners</a> are working to make it happen . . . why is it crazy to think it may get certified?</p>
<p>The system is estimated to save more than $700,000 a year per plane.</p>
<p>Why is it nuts to think WheelTug (a subsidiary of Chorus Motors, which is a subsidiary of Borealis) could net $50,000 a year in profit from each leased system?</p>
<p>There are something north of 10,000 jets that could be retrofitted with WheelTug.  So multiply $50,000 times 10,000 planes and you get half a billion dollars a year.  In profit.  Assign that a multiple of 10 and you get a $5 billion value, which would make for a hundred-fold jump in the price of the stock.</p>
<p>Sure, there could be competitors; but as of yet, no airline I know of has signed with one.</p>
<p>And sure, I&#8217;m not taking into account that Borealis owns only most &#8212; not all &#8212; of Chorus Motors and that Chorus owns only most &#8212; not all &#8212; of WheelTug.</p>
<p>But then again I&#8217;m also not assigning any value to the possible value of the company&#8217;s various technologies for, say, automobiles.  Or its other potentially valuable assets.</p>
<p>So I frankly don&#8217;t get why the stock isn&#8217;t higher.</p>
<p>It remains highly speculative &#8212; and bizarre, with its headquarters in Gibraltar and all the rest.  But is there not by now a reasonable chance &#8212; a 50% chance or a 30% chance or a 20% chance &#8212; the vision will be realized?  If so, this is one heck of an under-priced lottery ticket.</p>
<p>But I&#8217;m in no rush.</p>
<p>What was that Sydney Greenstreet said at the end of &#8220;<a href="http://www.imdb.com/title/tt0033870/fullcredits">The Maltese Falcon</a>&#8221; once he knew the <em>real</em> jewel-encrusted falcon had eluded him?  <em>&#8220;Seventeen years I&#8217;ve wanted that item, and have been trying to get it. If we must spend another year on the quest . . . well, sir, it will be an additional expenditure in time of only [he pauses to calculate] five and fifteen-seventeenths percent.&#8221;</em></p>
<p>&nbsp;</p>
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