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People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Friday, May 02, 2008

While We Carve Up Our Pristine Forestland ...

... in a vain hope that we can some day lure one of those tourists we've heard so much about to Southwest Virginia, another industry is kickin' ass (and taking names):

Nonunion coal companies offer incentives to retain miners
By Tim Huber, AP Business Writer


Charleston, W.Va. (AP) -- Even as a wave of job cuts afflict workers nationwide, in coal country, mine operators are offering free health insurance, gas money, stock and bonuses to lure enough miners as coal fetches record prices.

Abingdon, Va.-based Alpha Natural Resources announced Thursday that it would dole out 25 shares of stock to each of its 3,600 employees in hopes that they'll stay put. It will pay bonuses of up to $9,000 to miners who stay three years, and will pay even more to members of highly trained rescue squads.

Richmond, Va.-based Massey Energy Co., the nation's No. 4 coal producer, recently offered guaranteed three-year contracts to individual miners. (link)


This is fabulous news in tough times.

I think it's fair to say that officials at Alpha Natural Resources and Massey Energy understand that they will get no support from our politicial leadership here in Southwest Virginia. Probably just as well that they - from Rick Boucher on down - dick around with hiking trails and bike paths. At least they're not standing in the way of progress.

Quote(s) Of The Day

From Barack Obama in his Philadelphia race speech:

""I can no more disown him [[Jeremiah Wright] than I can disown my white grandmother."

Charles Krauthammer:

"Guess it's time to disown Granny ..."

Perhaps They All Went Home

What if they held a rally to protest the treatment of illegal aliens in this country and ... nobody showed up? It seems to have occurred:
Immigrant rights activists join protests nationwide
By Sophia Tareen, myway.com

Chicago - Thousands of immigrants and activists gathered in cities across the country Thursday to demand comprehensive immigration reform, including citizenship opportunities for the estimated 12 million illegal immigrants in the U.S.

Turnout has fallen sharply since the first nationwide rallies in 2006, when more than 1 million people - at least 400,000 in Chicago alone - flooded streets and brought traffic to a standstill. (link)
What to make of this.

Typical Democrat

I wonder what that joker - a Democratic Party operative - thought he was accomplishing when he asked John McCain a completely innappropriate question at a town hall meeting yesterday.

Making John McCain look saintly by comparison?

Want to See The Cost Of Gasoline Skyrocket?

Raise the costs to the manufacturer:
Obama May Levy $15 Billion Tax on Oil Company Profit
By Daniel Whitten, Bloomberg.com


May 1 (Bloomberg) -- Democratic presidential candidate Barack Obama's proposal for a windfall profits tax on oil companies could cost $15 billion a year at last year's profit levels, a campaign adviser said.

The plan would target profit from the biggest oil companies by taxing each barrel of oil costing more than $80, according to a fact sheet on the proposal. The tax would help pay for a $1,000 tax cut for working families, an expansion of the earned- income tax credit and assistance for people who can't afford their energy bills.

"The profits right now are so remarkable that one could trim them 10 percent or so, which would turn out to be somewhere in the $15 billion range,'' said Jason Grumet, an adviser to the Obama campaign. (link)
Barack Obama, a man who has never held down a real job in his life, doesn't understand the first thing about taxation and its effect on pricing. Exxon gets socked with a $15 billion tax per year? The consumer will be saddled with an additional $15 billion in higher gas prices at the pump.

Guaranteed.

How High Can We Go?

How High Can We Go?

How High Can We Go?

How High Can We Go?

Virginia Tech ponders tuition increase

Yeah. They'll struggle with the issue. Over lunch.

Rats Fleeing The Ship

I'm for Obama -- in 2012

I'm Losing Confidence

When the facts don't fit the computer model, what's a climate scientist to do?

Why, simply adjust the model, of course:
In a New Climate Model, Short-Term Cooling in a Warmer World
By Andrew C. Revkin, The New York Times


After decades of research that sought, and found, evidence of a human influence on the earth’s climate, climatologists are beginning to shift to a new and similarly daunting enterprise: creating decade-long forecasts for climate, just as meteorologists routinely generate weeklong forecasts for weather.

One of the first attempts to look ahead a decade, using computer simulations and measurements of ocean temperatures, predicts a slight cooling of Europe and North America, probably related to shifting currents and patterns in the oceans.

“We’re learning that internal climate variability is important and can mask the effects of human-induced global change,” said the paper’s lead author ... (link)
Translation:

Our earlier models didn't predict that which has actually taken place with regard to dropping global temperatures, so we changed our computer models around and ... now they do. And they prove that the planet is still warming ... over time. Pardon the earlier goof-up.

For the love of God.

Turning The Corner?

I don't trust politicians with the economy any further than I could throw them. But I do trust the judgement of the investment community to provide us with a signal when things are about to turn around. That signal may be transmitting:

Oil prices down as dollar goes up

This can only boost the value of my CD's over time.