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rickgrimes
| Favorite team: | LSU  |
| Location: | |
| Biography: | |
| Interests: | |
| Occupation: | |
| Number of Posts: | 4327 |
| Registered on: | 1/21/2011 |
| Online Status: | Not Online |
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Trump’s Justice Department launches a criminal investigation of Fed chair; JPow responds
Posted by rickgrimes on 1/11/26 at 7:12 pm
quote:
“The Justice Department has launched a criminal investigation of Federal Reserve Chair Jerome H. Powell, the central bank said Sunday, tied to the central bank’s renovation of its headquarters office”
“Powell accused the Justice Department of using the threat of criminal prosecution to pressure the central bank to lower interest rates, calling newly issued grand jury subpoenas an unprecedented challenge to the Fed’s independence.
“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President,” Powell said in a statement.
The Department of Justice did not immediately respond to a request for comment.”
LINK
JPow response:
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“Exxon CEO calls Venezuela ‘uninvestable’ without ‘significant changes’”
Posted by rickgrimes on 1/9/26 at 5:18 pm
quote:
“As President Donald Trump pushed U.S. oil companies to commit to invest $100 billion in Venezuela at a White House meeting on Friday, the CEO of ExxonMobil warned the company is far from enlisting”
“CEO Darren Woods said that Venezuela is "uninvestable” after Trump asked him how long it would take the firm to restart operations there. He added that “significant changes have to be made to those commercial frameworks, the legal system, there has to be durable investment protections,” and there needs to be a rewrite of the laws governing oil production in Venezuela.
He would only commit to sending a technical team to the country shortly to begin assessing the situation. The exchange underscored how the industry is struggling to chart a course that will please the president without spending recklessly on risky drilling ventures.”
“At White House meeting with oil executives, Trump vows they will spend $100 billion. The companies worry the numbers don’t add up”
Life Inside a Town Owned by One Company
Posted by rickgrimes on 1/6/26 at 12:53 am
quote:
Today we’re heading deep into the desert to the largest functioning company town in America where one company owns everything and almost everyone works for it. Most think company towns are a thing of the past, but a few still exist. We’ll explore the town, meet the locals, and see a side of America most never do.
Earning $80K with full health benefits while paying $360 a month rent for a 3-bedroom home sounds pretty compelling actually.
Huge tunnels discovered in Brazil and Argentina that were not made by humans or geology
Posted by rickgrimes on 12/14/25 at 10:36 pm
quote:
Deep under the hills of southern Brazil and northern Argentina, scientists found huge tunnels that appear to be cut into solid rock. They say no human or geological process created them.
They do not follow river channels, they show no signs of mining, and they look nothing like normal caves.
Many of the passages are longer than 600 yards (550 meters) and tall enough for an adult to walk through without bending.
The leading idea is that giant, extinct ground sloths dug these colossal shelters, turning parts of South America into a maze of underground homes.
Over the past decade, a detailed study mapped more than 1,500 giant burrows across southern and southeastern Brazil.
These tunnels can reach several hundred feet in length. They branch into side passages, and display long, parallel claw marks etched into their walls.
The work was led by Heinrich Frank, a geologist at the Federal University of Rio Grande do Sul in Brazil. His research centers on paleoburrows – fossil tunnels carved by large, extinct animals that once reshaped the landscapes of southern South America.
Many passages appear in consolidated sands, sandstone, or weathered volcanic rock. These materials are hard for machines to excavate, and harder for humans with simple tools.
Collapsed ceilings and overlapping tunnels show that some routes were widened and reused, a pattern outlined in a chapter on Cenozoic tunnels
Geological processes such as landslides, joints, and natural caves rarely create long, nearly circular tunnels that slope up and down or branch like these.
Frank notes that the tunnel walls are packed with claw marks, sometimes in three parallel grooves, right where a digging limb would bite into rock.
Similar tunnels crop out along road cuts in Argentina, where they intersect and crisscross in dense clusters on some hillsides.
Taken together, the layout looks less like an accident of erosion and more like a network of shelters dug and maintained over long periods.
LINK
re: Help me allocate my rollover 401(k)
Posted by rickgrimes on 12/14/25 at 10:33 pm to PlanoPrivateer
quote:
You are a lot more aggressive than me. I would put all $350,000 in VTI. Then I would ladder some stop loss orders on NVDIA and Tesla. I get nervous when any single stock is much more than 10% of my total.
Sounds like a very reasonable suggestion. Any thoughts on splitting the new cash between 5-6 different low cost Vanguard ETFs vs. putting it all in VTI?
re: Help me allocate my rollover 401(k)
Posted by rickgrimes on 12/10/25 at 7:28 pm to tigerforever7
I literally did what I said I would do here in May 2020 - LINK
I went big on Big Tech, specifically the Mag 7, ironically based on Jim Cramer's suggestion of all people during the height of the pandemic. It was pure luck. Not much thought went into it. If I were really smart or could predict the future, I'd have put all my money into Nvdia and not just bought 3000 shares at $14.
I just want to get the MB's advice on whether to keep riding the tech wave, or should I start diversifying a bit at least starting with the $356K cash I rolled over. It's very hard to bet against tech stock returns though...even in the future.
Screenshot from my Robinhood account if it helps:
I went big on Big Tech, specifically the Mag 7, ironically based on Jim Cramer's suggestion of all people during the height of the pandemic. It was pure luck. Not much thought went into it. If I were really smart or could predict the future, I'd have put all my money into Nvdia and not just bought 3000 shares at $14.
I just want to get the MB's advice on whether to keep riding the tech wave, or should I start diversifying a bit at least starting with the $356K cash I rolled over. It's very hard to bet against tech stock returns though...even in the future.
Screenshot from my Robinhood account if it helps:
Help me allocate my rollover 401(k)
Posted by rickgrimes on 12/10/25 at 4:54 pm
I have been lucky with the Mag 7 and tech stocks when it comes to my IRA, which currently has ~$1.4M. Below are my current holdings.
I recently rolled over $350K from an old 401(k) into this IRA. How would allocate the $350K? While individual tech stocks have been good to me so far, I wonder if I should start getting more conservative and split the cash into low cost ETFs across sectors to change up the mix/diversify? I am 44 years old. Thx.
I recently rolled over $350K from an old 401(k) into this IRA. How would allocate the $350K? While individual tech stocks have been good to me so far, I wonder if I should start getting more conservative and split the cash into low cost ETFs across sectors to change up the mix/diversify? I am 44 years old. Thx.
Andrew Luck draws up the half back choice play for Gruden
Posted by rickgrimes on 12/5/25 at 11:51 am
Dude has a Peyton Manning like brain on steroids.
Netflix in talks to acquire Warner Bros Discovery studios + HBO Max streaming service
Posted by rickgrimes on 12/4/25 at 11:03 pm
quote:
Warner Bros. Discovery has entered exclusive negotiations for a deal to sell its studios and HBO Max streaming business to Netflix, a move that would dramatically reshape the entertainment and media industry, according to people familiar with the matter.
Warner’s move to exclusive talks with Netflix comes after the latest round of bids for the media company that owns Superman and HBO Max. Paramount and Comcast also have been pursuing Warner Discovery.
All three companies came in with sweetened offers this week. Netflix has submitted a mostly cash bid, The Wall Street Journal previously reported.
LINK
Does this mean I don't have to pay for Netflix and HBO Max separately?
WSJ: How a Man Convicted of Running a Latin American Narco State Landed a Pardon
Posted by rickgrimes on 12/3/25 at 8:40 pm
quote:
President Trump’s pardon of former Honduran President Juan Orlando Hernández was the result of something extraordinary for a Central American leader and convicted cocaine trafficker—a web of powerful advocates stretching from Washington to Mar-a-Lago.
Trump’s announcement stunned the president’s allies and some members of his administration, including officials who spent years building the landmark case against Hernández, according to people familiar with the matter. The decision allowed Hernández, who had been serving a 45-year prison sentence for conspiring with cartels to ship 400 tons of cocaine to the U.S., to walk free this week as the Trump administration escalates its war on narco-traffickers by launching airstrikes on low-level smugglers at sea.
The move wiped out Hernández’s conviction with little explanation and sparked outrage from Democrats and some Republicans in Washington.
The pardon, which Trump announced in the run-up to elections in Honduras, was the result of a lobbying campaign months in the making. Hernández’s appeal had quietly circulated since January through a tight orbit of Trump confidants and conservative media personalities.
Trump has privately told advisers in recent days that he decided to grant the pardon after his allies in Florida, including longtime confidant Roger Stone and members of his Mar-a-Lago club, pushed for it, according to a person who spoke to him. Trump told reporters this week that “the people of Honduras” had asked him to pardon Hernández, blaming then-President Joe Biden for targeting the former Honduran leader. The White House declined to detail Trump’s conversations with Hondurans and defended the pardon, pointing to the president’s public comments.
Hernández, a savvy political operator from a coffee-growing family in Honduras’s highlands who was president from 2014 to 2022, spent a decade building powerful allies in the U.S. During Trump’s first term, he made inroads with Republicans in Washington, attending evangelical events and pitching himself as a staunch ally on migration and security. In 2019, Trump praised him for “stopping drugs at a level that has never happened.”
Hernández also cultivated relationships with American business leaders. He courted Silicon Valley investors by offering semiautonomous “charter city” zones on the country’s Caribbean coast.
Hernández’s unusual network of Trump allies and MAGA influencers helped deliver an extraordinary pardon to him
12 years ago this heated HFT debate on CNBC stopped NYSE floor traders in their tracks
Posted by rickgrimes on 12/3/25 at 3:37 pm
re: Finebaum melting over the Kiffin hire is a thing of beauty
Posted by rickgrimes on 12/2/25 at 4:48 pm to rickgrimes
They absolutely hate each other don't they? :lol:
Finebaum melting over the Kiffin hire is a thing of beauty
Posted by rickgrimes on 12/2/25 at 4:47 pm
Trump commutes 7-year sentence of PE leader David Gentile who defrauded people of $1.6B
Posted by rickgrimes on 12/1/25 at 3:51 pm
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If tweet fails to load, click here. Why? I mean really, why? Presidential pardons need to be abolished. They serve no purpose in the 21st century.
Acquired podcast: The Google series
Posted by rickgrimes on 11/29/25 at 12:47 pm
I’m a big fan of Acquired, and I just finished their three-part Google series. What an incredible listen!
Easily one of their best episodes, and a fascinating insight into arguably the greatest business ever created in modern history.
Episode 1: The origins of search
Episode 2: Alphabet Inc.
Episode 3: Google, the AI company
Easily one of their best episodes, and a fascinating insight into arguably the greatest business ever created in modern history.
Episode 1: The origins of search
Episode 2: Alphabet Inc.
Episode 3: Google, the AI company
Pete Thamel: Florida has moved on from Kiffin
Posted by rickgrimes on 11/28/25 at 11:26 am
quote:
Sources: Florida has shifted focus from Lane Kiffin in the school’s coaching search, as the school has sensed through irregular communication that he’s interested in other options. Florida has interviewed roughly a dozen candidates and is optimistic about the process.
Florida targeted Kiffin early in the search and offered him a deal to put him among the highest paid coaches in college football, which included significant incentives
[embed]https://www.espn.com/contributor/pete-thamel/95d9c3b212a4f[/embed]
Anybody know what happened to friend of the OT "Geoguesser" who went viral during COVID?
Posted by rickgrimes on 11/22/25 at 8:02 pm
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If tweet fails to load, click here. IIRC, this guy was the son of an OT poster who started playing this game during the pandemic to pass the time. I think there was a long thread on this sometime in 2020; I'll see if I can find it.
Off-roaders find bliss at Uncle Tom's Cabin, a relic of California's past | Bartell's Back
Posted by rickgrimes on 11/8/25 at 2:10 pm
I wouldn't mind hanging out at that bar.
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