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SteveinHNL
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I don't know the ins and outs of purchasing oil at HECO but judging by the way my electric bill goes up and up I'm assuming they've never heard of hedging and just pay market plus 5%
Why oil is rising while consumption is falling
U.S. oil consumption has fallen to the lowest level since the bottom of the recession, and Saudi Arabia is pumping oil as fast as it can. So why is the price of oil rising? Get ready for a ride through the crazy world of modern commodities trading. Supply and demand can be a simple thing in othe...
Happy Birthday!
Thoughts on turning 59
Ludwig van Beethoven was 56 when he died. So was Abraham Lincoln. Paul Gauguin was 54. Charles Dickens was 58. Tchaikovsky was 53. So I should count myself lucky to be 59, not having yet gotten anywhere close to achieving what any of these fellows did. And they were the late bloomers. Van Gogh d...
Haven't seen it but will when I get the chance. If you're still interested in the whole fiasco I would also recommend reading "The Big Short" by Michael Lewis. But if you're the type to get insomnia wondering what it takes for some justice to be served then give it a pass.
"Too Big to Fail" too good to miss
The Wall Street meltdown happened in 2008. Andrew Ross Sorkin interviewed most of the insiders in the failures of some financial houses and the rescue of others, and came out with his 600-page book "Too Big to Fail" in 2009. In 2011, HBO made it into a movie. I've just seen it. You should, too. ...
How can this be? I was told governments don't create jobs. Seriously though, as much as Hawaii relies on defense spending to help keep things propped up, the US spends a disproportionately large amount of the federal budget on defense and some careful cutting wouldn't be a bad thing. Too bad Congress has once again set itself up to look like nothing more than a bunch of poo flinging monkeys.
Defense industry launches war on budget face-off
Washington can't get anything done at the moment because of deep differences on what federal government should spend money on, but a new factor is in play, as defense contractors emerge as a force for more sensible negotiations. In an attempt to force a deadline on themselves, the legislative eq...
I agree that some sort of rail system needs to be built. However I have zero confidence that it will be built correctly, on time and on budget. Also since they are spending all this time and money building the rail system why has there been no mention of building a continuous dedicated bicycle lane from Kapiolei to downtown or UH at the same time? It's been my experience that bike lanes are very much a 'if you build, they will come' kind of project. In the end it's all it's supporters hoped it would be and more but somebody needs to keep a sharp eye on the bottom line.
The curious role of rail in the mayoral debate
Editorial writers are paid to take positions on issues, and reporters are paid to report. In recent years I have found myself in a strange position straddling two jobs: someone who tells you the news, but who is regularly called upon to analyze or explain things in plain English. This comes up ...
Call me a cynic but I think the promises are mostly made with a nod and a wink. It gives the city council members an excuse to approve a project and at the same time still seem to have Honolulu's best interest at heart. By the time the promise gets broken nobody remembers that it was approved by the city council; except the council members when they call the developers for a campaign contribution.
Deals with developers, and other risky business
In the late 1970s a new hotel opened in the World Trade Center and offered such low weekend rates that I drove my family from Washington D.C. to New York for the weekend. And one of the things we did was take a walking tour of the Wall Street district. The most striking thing about the tour was ...
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May 11, 2012
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