Nuts and Bolts

No, the headline isn’t about a bloke who’s had a few too many down at the pub head butting a drinker and then bolting the scene. We wish it was. A bit of violence might put you on edge for a moment or two. But what’s going on at Boeing; now that’s really scary. You see, it’s about the quality problems that are surfacing at Boeing.

A recent article by the Post and Courier available here suggests there are real issues with the way Boeing is quality assuring its airplane:

Airline surveys point to ongoing production problems at Boeing’s SC plant

Yes, those are the very things that you and I fly around in.…

See More

Muddying the Waters

Here in our dismal pit, we perked up a bit as we read the following headline in the Grauniad:

Clarity on Burford Capital is needed after Muddy Waters treatment

A bit of background on this. The hedge fund Muddy Waters, which has no connection to McKinley Morganfield, aka Muddy Waters, the blues singer-songwriter—but perhaps it should have—issued a nice little report putting the knife into listed company Burford Capital which caused a huge drop in the latter’s share price.…

See More

The Game’s Afoot

They’re off!

We’re now into the election of the next Conservative party leader. It feels a bit like the Grand National. Time, perhaps, to have a wee flutter. Which ones of them will fall as they jump the hurdles? And will the favourite win?

We’ve had a quick look at the “odds” on Paddy Power here where you too can lose a few quid on betting on who is going to be the next PM. As of writing this post, the odds given are:

Boris Johnson 8/13

Jeremy Hunt 9/2

Andrea Leadsom 9/1

Michael Gove 14/1

Boris Johnson on odds of 8/13 is currently seen as the favourite and the two “runners up” are Jeremy Hunt (9/2) and Andrea Leadsom (9/1).…

See More

Jeopardy! jeopardised

This is fun!

I picked this up this nugget from Ed Surge. It’s amazing what ingenuity people go to in order to get something. And this seems like it paid off nicely!

You can read part of the story here.

Episode 912: How Uncle Jamie Broke Jeopardy

Well, the story is as follows. James Holzhauer, a professional gambler has come up with a system to win the American quiz show Jeopardy! Not just win, but earn himself more than $2.4 million from winning 32 games in a row.…

See More

De Fault Is In The Stars

Yeah, a really bad pun, but we specialise in such. So what recently caught our eye here in our dark scribbler’s pit was a recent news report about the travails of certain U.S. private equity groups. If you work at the private equity groups Lone Star and Oaktree Capital you’re busily kicking yourself, as the Financial Times reported here

Shopping centres breach loan terms after stores fail

Now it couldn’t have happened to a nicer group of people, really.…

See More

Taxi Ride Anyone?

So here we go again. Just as the dust settles on that deflating balloon that was the Lyft initial public offering along comes another taxi seeking your hard-earned pennies. We have the Uber roadshow! Bigger. Better and with more accessories than before, but still after your hard earned cash, as you can read here:

Uber is expected to seek $10 billion in IPO

Wow! You know that loose change you lost down the back of the sofa, well now’s the time to get the metal detector out and find it.…

See More

Jan Care*

Well, well, well, just look what’s happened!

That overhyped and touted IPO by Lyft is now in the doldrums. There’s this piece here by USA Today:

Need a Lyft? The stock price of ride-hailing company ends lower following last week’s IPO

According to USA Today on Monday the stock – launched at a mouth-watering $72 was trading down at $69—a fall of $3 from its IPO price, but $19.6 down from its peak of $88.6.…

See More

Up Lyft-ing

We’ve commented from our pit here about the arrival on the stock market of app-based ride-hailing companies. You may even have seen the promotion efforts going on about the forthcoming Lyft initial public offering. As we’ve commented before, this will bring to the public markets the first app riding service company. Alongside Uber and others, these companies are insurgents in the comfortable cartel world of taxi firms.

Now what caught our eye recently was this article in the New York Times:

Lyft and Pinterest Won’t Be Giving Shareholders Much Say

What’s going on here?…

See More

What? Walk the talk? Who are you kidding?

As Tim would tell you, we all know the climate is a changin’, as Dylan might have sung. There’s a huge push out there to do somein’ about it. Windmills and solar farms seem high on the list of priorities. But getting rid of those pesky fossil fuels and their emissions is way up there.

Virtue signalling you’re on board even though you’re a major extractor of said fossil fuels is how the PR guys and gals square the circle for the fossil fuel energy companies.…

See More

Heavy Lyft-ing

The future, so they say, is with the new economy. New ways of doing things will replace all the old ways in short order. But to do this, you’ve got to displace the existing system. Sometimes innovation brings something never seen before (think Amazon) or provides new ways of doing the same ol’ thing.

That last is the challenge facing the new breed of taxi companies. Sorry, they don’t call them that. They’re different. They’re the future.…

See More