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  • From: Don Bowen <don.bowen AT earthlink.net>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] More fuel for the housing bubble/froth debate
  • Date: Tue, 14 Nov 2006 15:33:14 -0800

At 11/14/2006, you wrote:
>Home Depot cuts outlook amid housing downturn
>http://biz.yahoo.com/rb/061114/retail_homedepot_earns.html?.v=7

In the midst of the bad news, the article had this:

"In the Home Depot Supply segment that caters to home builders and
other contractors, sales more than doubled to $3.5 billion, helped by
acquisitions."

That phrase "helped by acquisitions" is the important point. This is not new business but business brought in with the purchase of other businesses. HD has been trying to get into the contractor supply business, the people who will deliver a housing development sized pile of lumber. I read a recent article that listed some of the companies purchased but I think it is either in the trailer or in storage. It was either a "Business Week" article or "Fine Homebuilding" within the last year.



Don Bowen Awl Knotted Up KI6DIU
http://www.braingarage.com
My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html

I am omnivagant.
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Subject: Re: [Homestead] oil was:Political
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At 11/14/2006, you wrote:
Drew, there is no oil in oil shale to pump out. It is in the form of a very
heavy, viscous substance, kerogen.

It is sometimes called Tar Sands.



Don Bowen Awl Knotted Up KI6DIU
http://www.braingarage.com
My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html

I am omnivagant.
From genegerue AT ruralize.com Tue Nov 14 19:18:57 2006
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Subject: [Homestead] An argument for libertarianism
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Here's a guy who worked hard, figured out a way to get milk to consumers cheaper than anyone else and he is being screwed by organized milk and the DC Whorehouse. The major losers are consumers:

Maverick dairyman fights lobbyists and lawmakers
Arizona milk mogul battling with his industry

Scott Wong and Kelly Carr
The Arizona Republic
Nov. 14, 2006 12:00 AM

Long before he discovered a way to sell milk for far less than his competitors, before he enraged the multibillon-dollar dairy industry so much that Congress passed a law to stop him, Hein Hettinga clipped cow hooves for a living.

It was menial work. But it put him on a career path that, in time, would lead him to found Yuma-based Sarah Farms, one of the largest and most innovative private dairy operations in the country.

Now, 12 years after building his dairy business into a proverbial cash cow, Hettinga finds himself waging war against big-dairy lobbyists, high-profile lawmakers and the federal government.

The rest of the article is at:
http://www.azcentral.com/arizonarepublic/news/articles/1114dairy1114.html




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