Hennessy's View

Domine, non sum dignus

Stan Kroenke’s Long Con Has Just Started

You thought Stan Kroenke wanted a team in Los Angeles? I don’t think so. I think Stan is playing a long con. And I think it’s a brilliant strategy. Los Angeles is a terrible market for football teams, but it’s a fantastic market for the NFL. It would be a perfect place to build a permanent home for the Super Bowl. Los Angeles has fantastic weather, great attractions, and a huge pool of football fans, fans of every team in the NFL. Read more →

You Don’t Hear “Big Data” Much Anymore, And For That I’m Thankful

This is about Big Data. You really can’t over-estimate what suckers business people are. I’m not talking about people who create things or improve things. Guys like Steve Jobs and Donald Trump built great businesses. But they weren’t business people. They were builders. Running a business was a necessary evil that allowed them the freedom to build what they wanted to build. They were great businessmen because they cared about the work their companies did. Read more →

2016 Could Be a Very Bad Year

People act according to what they expect. And that, my friends, could be very bad news for the economy in 2016. Social psychologists and usability experts both know that people’s words often conflict with their actions. This is especially true when asking people to predict their own behavior in a hypothetical. For example, one study asked people to predict whether they would buy flowers for a charity. Eight-three percent of respondents said, “yes I would,” but only 43 percent actually did. Read more →

Conscious Capitalism:The One Book Every Conservative Must Read

The motivating force behind the first tea party protests of February 27, 2009, was , in part, crony capitalism. Across the country and on the steps of the Arch in St. Louis, signs and speakers denounced bailouts for failed businesses. Rasmussen found that 68 percent of Americans believe Big Business and Big Government work together against the rest of us. I think they’re right. Since then, crony capitalism has only grown. Read more →

The Bain of Newt’s Existence

Truth is, not all companies, not all business ideas, can make it on their own. It’s easy to say that a good idea will automatically lead to a successful business. But it’s a lie. Apple did not become Apple without investors. Sure, there are some examples of businesses that flourished without financial help. But not many. We’ll never know the wonderful ideas that died in their owner’s garage for lack of financing. Read more →

UMSL Killing American Males

David Brooks—the former conservative—skewered the University of Missouri St. Louis yesterday. Brooks wasn’t aware, and UMSL administrators don’t read. But some of us caught it. Brooks wrote of _The Missing Fifth._ **Did you know that 20 percent of American men in their primes don’t work? ** Americans should be especially alert to signs that the country is becoming less vital and industrious. One of those signs comes to us from the labor market. Read more →

Generation Conflicted

In the tech world, I meet a lot of brilliant, ambitious, hardworking entrepreneurs. These folks are committed to their dreams, working 100+ hour weeks, and paying themselves as little as possible. They stretch investors’ dollars to the limit and hunt for more VC to make dreams come true. They want to create jobs and better lives for many. Over drinks, these young capitalists talk about three things: Easier access to capital. Read more →

8,000 Dow? UPDATE

So says Yale economist Nouriel Roubini in an interview today on CNBC. “There are some parts of the global economy that are now at the risk of a double-dip recession,” said Roubini, head of Roubini Global Economics. “From here on I see things getting worse.” Roubini’s comments came in response to a 376 point drop in the Dow Industrials. Nasdaq and S&P 500 were off significantly as well. Read more →

Edward Whitacre Jr. Lies Update: NYT Agrees

No, General Motors did not pay back its debt to taxpayers. Edward Whitacre is a liar. Instead, Whitacre paid the Visa bill with his MasterCard. But both cards were issued by the same bank. So you, the banker, are still on the hook for the full amount. Now we know why Obama hand-picked Ed Whitacre to “lead” GM: Whitacre will do the president’s bidding. [youtube=https://www.youtube.com/watch?v=SOaS2SymjQ4&w;=425&h;=355] UPDATE From Hotair.com: New York Times agrees that Whitacre and White House ain’t tellin’ the truth. Read more →

If The Post Office Built Cars

Some good people work at the Post Orifice. I know several. One of my dad’s best friends and WWII paratrooper retired from the Post Orifice. He was a great guy and good friend to my parents. On the other hand, the United States Postal Service is among the incompetent, bureaucratic, broken down, 19th century, poorly managed excuses for an organization since the Soviet Union went out of business. Case Study: Christmas Gift Read more →