Thursday, July 31, 2014

Hezbollah Fighting in Iraq? What?

I guess the Syrian civil war is moving to a new theater of operations.

Hezbollah, an Iranian-backed Shi'ite Islamist group, has not previously announced any role in the conflict in Iraq, which escalated last month when radical Sunni militants seized large areas of territory from the Shi'ite-led government in Baghdad.

Four sources in Lebanon named the Hezbollah commander as Ibrahim al-Haj, a technical specialist involved in training. They said he was "martyred" in a battle near Mosul, a city in northern Iraq seized from government control last month by an al Qaeda offshoot known as the Islamic State.

ISIS vs Hezbollah? I wonder who gets martyred when they use suicide bombers against one another?

Tea Party Assholes Torpedo Immigrant Aid Bill

Well we have to hand it to the obstructionist/stupidity wing of the GOP again.

But even significant concessions by leadership weren't enough to secure support from a small band of tea party lawmakers reluctant to give money to President Barack Obama without taking steps to rein in his executive authority on immigration.

Those lawmakers were goaded on by firebrand Sen. Ted Cruz, R-Texas, who summoned them for pizza Wednesday evening to strategize against the bill.

Faced with weak conservative support for the $659 million border bill, GOP leaders agreed late Wednesday to schedule a second vote on legislation to block Obama from extending deportation relief to more immigrants here illegally, beyond the 500,000 that have already benefited from a program he created.

So "Batboy Cruz" had the gall to come down to the House so that they will do nothing on a bill to appropriate emergency money? Even that paltry amount could not be appropriated from the "do-nothing" House. Now they go on a 5-week vacation so they can raise money to go back.What a joke.

Paul Ryan Believes in Climate Change: Well He Believes that the Climate is Changing

I think his stance is similar to mine.

"Climate change occurs no matter what," Ryan said Wednesday, as quoted by CNN. "The question is, can and should the federal government do something about it?"

"And I would argue the federal government, with all its tax and regulatory schemes, can't. And all it will do is end up hurting our country, our people and especially low-income individuals," he added.

The Climate might be changing but what we do about it is the rub. Do we damage our economy and put a "carbon burden" on poor people just to *maybe* slow down warming? This is especially bad if we have to lead by example. The Red Chinese wouldn't mind if we put burdens on our economy to maybe reduce warming by 2 degrees over a 100 years. 

Wednesday, July 30, 2014

Apple Eyes New Revenue Stream: Turning your IPhone into a Credit Card

I think this idea might have the potential to be quite lucrative depending on how they implement it.

The tech giant is reportedly looking at getting into the mobile payment business. According to published reports, Apple is said to be in talks with credit card companies to create a service that would allow users to pay for items with the iPhones acting as credit cards.

With Apple now trading near its split-adjusted all-time highs, what will such a service mean for its stock? Gina Sanchez, founder of Chantico Global, believes this would be a potentially big deal for the company.

“Everybody is waiting for the next big thing because that’s what Apple is known for,” said Sanchez, a CNBC contributor. She noted that mobile payments are estimated to grow to $90 billion in 2017, from $12.8 billion in 2012, according to Forrester Research.
If they can take a cut of each transaction this could build up pretty quickly. It is high margin business as well. If I bought an iPhone6 I would certainly set it up to pay with my debit card instead of having to reach into my pocket.

Sarah Palin Looks Dumb Again: Couldn't name the 12 Democrats it Would take to Impeach Obama

Why is she still in the public eye?

Palin, a Fox News contributor who is launching her own online subscription news channel, responded to this request for specificity, in part, like this: “Who are these Democrats? You gotta know that there are still Reagan Democrats and Blue Dog Democrats, those who will stiffen their spines and do the right thing because both sides of the aisle, both political parties have so many problems that a lot of Americans maybe were registered in a party, we believe in the planks in one or the other party, but we’re independent. And I believe that there are elected, independent Democrats who will do the right thing.”

Okay. “But who are they?” Medved asked, noting that he could think of one potential Democrat — Joe Manchin of West Virginia. When Medved mentioned him, Palin responded, “Yeah, he’s good.”

Okay you have one Democrat. What is more he would probably be thrown out of the caucus if he would be stupid enough to go along with Palin. What is so very funny is that an impeachment vote would take like a year or more to wind its way through the House and Senate. Obama is impeached automatically by term limits just one year later. 

Monday, July 28, 2014

Wait Antarctica's Ice Sheet Expansion is Due to an error that is 23 Years Old?

This is one of the reasons why people have trouble trusting climate science.

But a new study by scientists from NASA and Scripps Institution of Oceanography found that a processing error originating from a recalibration made to satellite readings made in 1991 resulted in an artificial jump in Antarctic sea ice extent that was not apparent until the data was reprocessed in 2007.

This means that Antarctic sea ice coverage may have not been accelerating as fast as was previously thought, according to the study’s authors.

“Here, we show that much of the increase in the reported trend occurred due to the previously undocumented effect of a change in the way the satellite sea ice observations are processed for the widely used Bootstrap algorithm data set, rather than a physical increase in the rate of ice advance,” writes lead author Ian Eisenman, a climate researcher at Scripps Institute of Oceanography, and others.

So this error is 23 years old and was only discovered after this algorithm was used for 18 years? In other words the Antarctic sea ice calculation has been wrong for two decades? This is case-in-point why people have such trouble believing climate science. This begs the question what other decades old errors are in the models that we are supposed to base tens-of-billions of dollars of spending on? Climate science so so complicated that these kind of errors really raise a bunch of doubt on the extent of climate change.   

Satanists Seek Hobby Lobby Exemption

I guess this is what you call the slippery slope.

If Christian business owners cannot be compelled to violate their faith, why should the same protection not apply to Satanists? That's the argument the Satanic Temple is making to claim that, in the wake of the Supreme Court's Hobby Lobby ruling, women who share their beliefs should not be forced to follow some of the more restrictive state-level abortion laws to crop up in recent years.

Specifically, the Satanic Temple wants women to be exempt from having to view legally mandated "informational" materials — which it calls "biased" and "medically invalid" — prior to having an abortion. Dozens of states require women to attend counseling before receiving an abortion, while 10 mandate that they receive written materials before undergoing the procedure, according to the Guttmacher Institute.

I'm not sure what this has to do with Obamacare but I guess they can give it a try.

Friday, July 25, 2014

Paul Ryan Unvails new Anti-Poverty Plan: Mixes in some Liberal Ideas

Hmm, could this be a plank in a 2016 Presidential run?

I didn't expect him to tackle criminal-justice reform, for example, but his plan calls for softening mandatory-minimum sentences for non-violent drug offenders. 

I didn't expect the plan to include higher-education reform, but it has several worthy ideas, from reforming the accreditation process so more innovative schools can emerge to simplifying financial-aid forms.

Getting rid of mandatory minimum's for non-violent drug offenses have always seemed like a liberal red-meat issue. The law-and-order GOP would not dream of letting people incarcerated for like 1 ounce of marijuana off of the hook. It would certainly get quite a few people out of jail and on to productive lives if Ryan had a chance to implement it.

The second thing might take care of the drop-out factory colleges out there preying on poor kids who just go into debt and receive nothing at all for their trouble. The financial aid form simplification would also help quite a few kids as well. This part might not pass muster with Dems though:

Ryan's most attention-getting proposal would consolidate a range of federal anti-poverty programs into a block grant distributed to the states. The federal government would merely set a few conditions. Perhaps most important, able-bodied aid recipients would have to work or participate in work-related activities (such as looking for a job). I'm skeptical about how innovative state governments would really be with federal money, but it's a good idea to streamline these programs and add work requirements.

I think states understand how to deal with their poverty problems in a better way than with the Federal Government. Like using the money to fix schools and provide meals instead of some Washington bureaucrat trying to figure out a one-size-fits-all solution.

Standing With the IDF Facebook page has women with pro-IDF messages on their bodies? Sounds good to me

Some of these girls are very, very good looking.

Submissions are pouring in from all over the world on the Standing With IDF Facebook page, with women are inscribing pro-IDF messages on their body before snapping pictures. After just two days, the page has received more than 16,000 likes on Facebook.

I wonder if a "Standing with Hamas" Facebook page would have women with I love Hamas written on parts of their bodies. Their bodies would be covered by a burka so you couldn't see the message. So it is basically a number of women in burkas standing around.

Middle Kingdom Set to Catapult Apple Sales?

So far China Mobile has done well for Apple for the most part.

"China, honestly, was surprising to us ... we thought it would be strong, but it went well past what we thought. The unit growth was really off the charts across the board," CEO Tim Cook told analysts on Tuesday.

China Mobile Ltd's <0941 .hk=""> 4G customer growth has been accelerating after a tepid start in February. The number of 4G subscribers rose to nearly 14 million in June, up from just 1.3 million at the end of February. 

"A lot of China Mobile customers have been holding on to old phones, so when the high-speed 4G came out they naturally switched to a 5S or 5C and upgraded. This trend will only become more apparent with the iPhone 6's release," said C.K. Lu, an analyst at Gartner.

It seems that many Chinese consumers are waiting to pull the trigger on a 4G phone until Apple comes out with the iPhone 6. Then they might be off to the races in terms of Chinese sales. From what I have been reading the iPhone 6 might be one of Apples most popular launches in its history. You have excitement from the US and then you have the Red Chinese waiting to upgrade their phones as well. Then you add the iWatch to this mix and that 13.87 forward P/E ratio looks really cheap. 

Wednesday, July 23, 2014

Darth Vader Wins the 2016 Presidential Race? I'll Vote for Lex Luthor Myself

At least Lex Luthor ran a successful business (Lexcorp.) Darth Vader is pretty much just a mouth-piece and thuggish muscle for the Emperor. Fear does not lower my taxes Mr. Emperor. However, Vader could always choke out Putin and solve the Ukrainian mess. I'm sure many people will prefer the non-denominational Stormtroopers over the ISIS Islamic thugs any day.

In any case it seems that Vader is beating the field going into the 2016 Presidential Horse Race.

The results of a comparison of the net favorability ratings of Star Wars characters and U.S. political figures, published in The Washington Post, suggest Americans would choose a fictional evil villain as president over Hillary Clinton, Mike Huckabee, Rand Paul, Marco Rubio, Emperor Palpatine, Paul Ryan, Rick Perry, Bobby Jindal, Barack Obama, Elizabeth Warren, Andrew Cuomo, Ted Cruz, Scott Walker, Chris Christie, Martin O’Malley, Jeb Bush, Joe Biden, Rick Santorum, John Boehner, Nancy Pelosi, Harry Reid, Mitch McConnell and, of course, Congress — in that order.

Obama Embarks on his West-Coast Money Swing

It seems that no scandal or crisis can deter the President from his sworn duty to raise cash from rich people.

On Wednesday Obama was attending a Democratic National Committee event for about 450 donors at the Beverly Hills home of Shonda Rhimes, the producer of the Washington-set ABC drama "Scandal." Kerry Washington, who plays the lead role on the show, is among the hosts. Tickets start at $1,000.

Earlier Wednesday, Obama was attending events for the House Majority PAC, a committee that can raise unlimited funds for House candidates, and another for the Democratic Congressional Campaign Committee. The House Majority PAC event was closed to the press. Obama had once criticized those types of organizations for creating an end-run around political contribution limits, but Democrats have now embraced the system and Obama has agreed to appear before group events but not to solicit funds.

Donations to the DCCC event at the Los Altos, Calif., home of Real estate developer George Marcus range from $10,000 per person to $32,400 per couple.

I guess that is Obama's plan to tackle income inequality one $10,000 to $32,400 donation at a time.

Whats Up with the Ennui? Americans Seem Discontent in the Summer of 2014

I recently read this article about Dicks Sporting Goods firing 200 golf pros because golf is hitting that companies bottom line hard.

Yesterday Dicks Sporting Goods (DKS) announced it would be cutting more than 400 PGA professionals in its stores. Dicks has been candid about the downturn in its golf business before, in its last conference call CEO Ed Stack said the downturn in golf was responsible for the vast majority of the company's earnings shortfall and added that he saw no bottom in sight for the business. Still it's a significant concession to fire these pros. After all, Dicks first expanded heavily into golf in 2007. Golf survived the Great Recession but can't hack the sense of ennui of 2014.

I also saw on ESPN that golf and NASCAR are seriously hurting for viewers and are trying everything to get people to watch and to show up. It also seems that Americans are barely going to the movies.

It's not just weather-related things like golf. Americans aren't even going to the movies anymore either. July box office is off 30% compared to last year. It's the worst year for American cinema since 2011. Hell, it's almost August and we don't even have a song of the summer yet.

Well the movies in July have been fairly substandard so that might be part of it. Last year we had Wolverine, the Conjuring, Pacific Rim and Despicable Me 2. While this year we have Earth to Echo (bombed,) Tammy (Melissa Mccarthy looking gross and sloppy,) Dawn of the Planet of the Apes (the first one didn't do much for me,) Sex Tape (which looks like a bomb,) and Hurcules (I'm going to see it but it is the Rock with fake looking hair fighting CGI monsters.) So the slate is very bare and a 30% drop off was not a huge shock.

But there does seem to be a palpable sense of ennui in the country. I think part of it is people are tired of Obama and the scandal/crisis parade. I need a spreadsheet to keep track of the scandals and there is a sense that he has just checked out on America. We have four crisis all going on at the same time. Israel is attacking Hamas in Gaza, ISIS has taken over western Iraq and part of Syria, Ukrainian rebels shoot down a Malaysian jetliner, and 50,000 unaccompanied kids entered the country illegally from Mexico. All of those things are going on and the President plays golf, tries to go on Jimmy Kimmel, and jets off to $30K a plate rubber chicken dinners. If he doesn't seem to care about what is happening why should anyone else?

We couple that with the fact that there is no real happy craze in the country to unite us. The World Cup was popular but most Americans kind of ignored it after we were eliminated. The iPhone and the iPad are long in the tooth and won't be refreshed until fall. There are "disruptive companies" like Uber and Wealthfront and such but most Americans who aren't millennials or really tech savvy don't know what those are. Plus some people see the companies as some 20-something kids getting rich off of venture capital money while eliminating cab drivers jobs. There is no beanie babies or Gangnam Style or anything to keep peoples minds off of things even for just a little while.

There is also a sense that the old world of video stores, book stores, computer stores, cab drivers, travel agents, etc is being replaced by a shiny new one on your tablet or smart phone. The ritual of going to the mall to rent a DVD or buy a new summertime best seller has been replaced by a few swipes on your tablet on the Amazon app and scrolling through Netflix. There are so many entertainment choices at your fingertips you are bored of them already. So people stay in their sweltering homes staring at their tiny screens all weekend. Or go to the seashore and stare at their tiny screens while sitting in the sun.

Then we have wages stagnant and the FED punishing savers with terrible interest rates. There was a recession and a housing blow-up and no one went to jail or were punished or anything. Those same banks and insurance companies that were bailed out are raking in the money again. We have just about everyone calling for a correction or a crash. Most Americans seemed to have been gun-shy and missed almost the entire massive stock market move since 2008. So they missed the huge run-up and now that they get a little breathing room and want to get back into the market we get calls for a crash just around the corner. I can see why the American people are just as checked out as the President.

Tuesday, July 22, 2014

Interesting Article on Why You Should *Not* Go to an Ivy

This is a very thought provoking article on how the Ivy League is not all its cracked up to be when it comes to creating well-rounded adults.

The major reason for the trend is clear. Not increasing tuition, though that is a factor, but the ever-growing cost of manufacturing children who are fit to compete in the college admissions game. The more hurdles there are, the more expensive it is to catapult your kid across them. Wealthy families start buying their children’s way into elite colleges almost from the moment they are born: music lessons, sports equipment, foreign travel (“enrichment” programs, to use the all-too-perfect term)most important, of course, private-school tuition or the costs of living in a place with top-tier public schools. The SAT is supposed to measure aptitude, but what it actually measures is parental income, which it tracks quite closely. Today, fewer than half of high-scoring students from low-income families even enroll at four-year schools.

This creates quite a few people that are really smart, with awesome work ethic, but you end up with this:

Look beneath the façade of seamless well-adjustment, and what you often find are toxic levels of fear, anxiety, and depression, of emptiness and aimlessness and isolation. A large-scale survey of college freshmen recently found that self-reports of emotional well-being have fallen to their lowest level in the study’s 25-year history.

You have scared kids that think they are a failure if they fail at becoming a partner at a prestigious law firm or a CEO. What is interesting is that these kids will keep the privilege going from one generation to the next regardless of race.

The truth is that the meritocracy was never more than partial. Visit any elite campus across our great nation, and you can thrill to the heart-warming spectacle of the children of white businesspeople and professionals studying and playing alongside the children of black, Asian, and Latino businesspeople and professionals. Kids at schools like Stanford think that their environment is diverse if one comes from Missouri and another from Pakistan, or if one plays the cello and the other lacrosse. Never mind that all of their parents are doctors or bankers.

So there is no real economic or class diversity. You end up with clueless people that have no idea about the life of the regular working-class person or worse people that look down on them. Case in point is Congress and Wall Street. Many of them are Ivy Leaguers who have no idea what it was like to wait tables or live paycheck to paycheck. They lived in the bubble of privilege and move their kids onto the same treadmill of success that they went down. Also this article has concrete steps to change things.

The education system has to act to mitigate the class system, not reproduce it. Affirmative action should be based on class instead of race, a change that many have been advocating for years. Preferences for legacies and athletes ought to be discarded. SAT scores should be weighted to account for socioeconomic factors. Colleges should put an end to résumé-stuffing by imposing a limit on the number of extracurriculars that kids can list on their applications. They ought to place more value on the kind of service jobs that lower-income students often take in high school and that high achievers almost never do. They should refuse to be impressed by any opportunity that was enabled by parental wealth. Of course, they have to stop cooperating with U.S. News.

You might get more kids that work hard but who's parents are Latino immigrants that could barely speak English. That might improve the compassion that this potential "Ivy League leader" will have toward his fellow man going forward.

Obama Might be Buying a $4.25 million House in Rancho Mirage's Thunderbird Heights

It is all speculative at this point but who knows?

The main house has 4 bedrooms, 4.5 baths and a "master retreat with gym, tanning and spa rooms" in 6,100 square feet, according to the listing. There's also a 2,000-square-foot "casita" -- perfect for the Secret Service, perhaps? -- with 3 bedrooms and 3 baths. Elevators ease travel at the compound. 

The grounds' 3 acres also include a putting green with a sand trap, a 20-foot waterfall, a "rock-formed lagoon," a pool and two spas, and more. 

Because the property is on a hilltop abutting a bighorn sheep preserve, it's exceptionally private and secure, the listing says.

Sounds like an ideal Presidential compound for when he is out of the Oval Office. Rancho Mirage has like 7 Golf Courses in a few minutes drive according to Google maps. Also that privacy allows him to host some nice dinner parties with the literati and powerful elite that Obama will eventually hold court with. I'm sure nearly every Los Angeles based movie star, writer, economist, artist and such will make that pilgrimage to kiss his ring. Kind of the pseudo-intellectual version of the Playboy Mansion where you replace sex with bloviating.

Apple Beats on Earnings but Falls Short of Revenue: Why I Think IBM will Be Awesome for Them

It seems Apple is making more money and selling iPhones like crazy but they fell short of what the analysts were forecasting.

Apple posted its second straight quarter of double-digit percentage growth in iPhone sales. The company also reported net income of $7.7 billion, slightly more than the $7.49 billion that analysts surveyed by Thomson Reuters expected, on revenue of $37.4 billion, just under the $37.98 billion the analysts had expected. Per-share profit came in at $1.28, compared with the expected  $1.23, a number adjusted for Apple’s recent 7-for-1 stock split.

What was really interesting is that they increased gross margin from 39.4% from 36.9% from a year ago. Even though there phones are ready for a refresh they were still able to keep prices the same and people paid them in record numbers. 

I really think the IBM deal will bring in an influx of business from the corporate end. If you want a tablet for your business then Android is just not ready for prime time. You have to buy these third party apps that connect with your corporate email. You have no idea if they are being made by the NSA or hackers or what. The iPad just works and now IBM could tightly integrate themselves with the iMac and that cubicle machine might go from a Dell to an Apple PC after the next refresh cycle. The consumer market is big and robust but the business market is massive as well. 

Ackman Lays an Egg in Herbalife "Deathblow"

I guess it was just too good to be true because if you were short Herbalife you got pounded.

Shares of Herbalife rose steadily in the morning after Ackman started giving his talk on Herbalife’s nutritional clubs, increasing by 8% to $58.40 in the first hour of the presentation. Two hours into the talk the stock had risen by 11% to $60. That’s a little higher than the shares were changing hands for on Monday before Ackman drove down the stock by 11%, saying he would be delivering “the most important presentation that I have made in my career.” Ackman had promised in a CNBC interview on Monday that “we won’t disappoint.” Ackman’s presentation was still going on at 1:07 p.m., with the stock up by 15% to $62.22. During the presentation, Ackman suggested that Herbalife had been repurchasing shares in a material way on Tuesday. Shares of Herbalife continued to rise after the three-hour presentation ended, closing at $67.77, up 25% for the day.

I guess it would be up to the FBI and the FDA to look into the claims and release their rulings. In any case the stock is about the same price it was before the "deathblow" was being attempted. I guess if you believe the company is a scam it would be a good place to go short. If not there is a triple bottom in the stock and it will probably go up for a while now. 

Looks like the Soviets err the Russians Weren't Directly Involved with Shooting Down Malaysia Airlines Flight 17

It was all a mix-up it seems.

They say the passenger jet was likely felled by an SA-11 surface-to-air missile fired by Russian-backed separatists in eastern Ukraine and that Russia "created the conditions" for the downing by arming the separatists.

They said they did not know if any Russians were present at the missile launch, and they wouldn't say that the missile crew was trained in Russia.

A senior official said the most likely explanation was the plane was shot down by mistake.

I guess the Ukrainian separatists shot down the wrong plane thinking it was a troop transport instead of a passenger jet. So slapped-wrists all around, and some "condemn with the strongest possible terms" and play on.   

I'm sure Obama was afraid that his luncheon with Jay-Z or whomever was going to get pushed back. Now he can be on Jimmy Kimmel and crack some jokes next week after things go back to normal.

Netflix Goes into Content Overdrive

It seems like Netflix is slowly becoming a major studio in its own right.

“In the coming weeks, we will premiere the all new 4th and final season of The Killing and a new adult animated comedy BoJack Horseman. Also in August, we will release Mission Blue from the Oscar winning director of The Cove, Fisher Stevens.

“Reflecting the increasingly global nature of the Netflix service, we now have original series in production around the world, involving some of the best storytellers working in television and film today. Marco Polo, a historical adventure from Executive Producer Harvey Weinstein, is shooting in Kazakhstan and Malaysia. In New York there is Marvel’s Daredevil, the first of our original series from Marvel Television, as well as the already eagerly anticipated third season of Orange is the New Black; while in Baltimore, production is underway on the third season of House of Cards. In the Florida Keys, the creators of Damages (Glenn Kessler, Daniel Zelman, and Todd Kessler) are shooting a dark family thriller with an ensemble cast led by Kyle Chandler, Sissy Spacek, Sam Shepard, Linda Cardellini, Ben Mendelsohn, and Norbert Leo Butz.

“Sense8, a mind-bending series from the Wachowskis (The Matrix trilogy, Cloud Atlas) and J. Michael Straczynski (Babylon 5), began production in San Francisco last month, is now in Chicago, and will shoot in many international locations this year. In August, production begins in Los Angeles on Grace and Frankie, a comedy led by Jane Fonda, Lily Tomlin, Martin Sheen and Sam Waterston; and in Colombia, Brazilian director José Padilha (Elite Squad, Robocop) will begin filming Narcos with an all-star international cast led by Wagner Moura.

I would be watching Marco Polo for sure because I love the time period. Daredevil if it is good and cleaves to the Frank Miller version of Daredevil and not the horrid Ben Affleck version. I will check out Sense8 as long as it isn't anything like Cloud Atlas which was awful in the extreme. Finally, Narcos might be good if it has lots of action and doesn't pull any punches.

Obamacare Dealt Blow by Appeals Court: I guess they should have read it before they passed it

It seems that someone flubbed the wording in part of the bill and now it is probably going to the Supreme Court again.

The plaintiffs in the case argue the way the law was written does not allow for subsidies to be provided by the federal government, pointing to a statute that says subsidies should be issued to plans purchased  "through an Exchange established by the State under Section 1311"  of the Affordable Care Act. Section 1311 establishes the state-run exchanges. But plaintiffs say the law does not permit subsidies in federal exchanges, according to Section 1321 of the law.

All they needed was to cut the "by the State" part of that sentence and they would have been in the clear. Instead they might get a major part of the bill thrown out.

Monday, July 21, 2014

Herbalife's Last Stand: Ackman to Present "Pyramid Scheme" Presentation

Depending on how the Federal Trade Commission takes his investigation you might not have Herbalife to kick around anymore.

Hedge fund manager Bill Ackman said on CNBC today that he would give the "most important" presentation of his career on Tuesday when he unveils an investigation into Herbalife's nutrition clubs. 

It's Ackman's contention that the company operates as a "pyramid scheme" that targets lower-income individuals. He believes that regulators, specifically the Federal Trade Commission, will be persuaded to shut it down. Back in March the FTC launched an investigation in the company.

Too bad I didn't get short this thing when it was in the mid 60s. I have a feeling if this investigation is a "bomb-shell" as some people think we might get a trading halt tomorrow.