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Daily Archives: November 20, 2009

A Misallocation of Assets

November 20, 2009
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A Misallocation of Assets

This week brought news that some of the U.S. government’s stimulus package funding has been delegated to some very unique places in Massachusetts: $1.5 million to fix a lighthouse on an uninhabited island, $123,000 to terrorist-attack-proof the Spirit of Boston party cruise ship and $95,000 for the University of Massachusetts at Boston to study pollen samples from the Viking Era. With millions of people out of work nationwide (thousands here in Massachusetts, although our unemployment rate improved recently), it seems that there are dozens of better uses for the stimulus money. The first one that comes to my mind...

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Chrysler, Italy and a Great Stock to Buy Now

November 20, 2009
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Chrysler, Italy and a Great Stock to Buy Now

Shifting gears a little, I was mulling the desire to reduce our carbon footprint as a nation and the part-ownership we all have in two of Detroit’s Big Three. Specifically, I was thinking about Chrysler and why it just ended its electric car program ENVI. Technically, the program was absorbed into mainstream vehicle development being run by Fiat, the Italian automaker that owns a large minority chunk and controls the management of Chrysler. I don’t suspect that Chrysler is walking away from electric as a possible vehicle platform, but I can speculate as to where I think Chrysler, led...

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