I wasn't planning on watching the Super Bowl (not much interested in the New Jersey Giants nor the New England Patriots) ... but I might tune in just to see the GE commercial.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
I really expect that GE turbine business will go through the roof. Perhaps someone should try to sell porn in the church bulletin and Steaks in the PETA magazine. How about chicken wings in a fitness mag? Radios to the deaf? TVs to the blind anyone? Good marketing. I am glad I am not a shareholder b/c I would POed that the marketing dollar is being squandered on the consumer markets. Super Bowl watchers see commercials for consumer goods - from soft drinks to cars. Selling industrial goods in a consumer market makes me wonder why the shareholders have not spoken out. First rule of advertising is to speak to the correct audience. GE is apparently so flush with cash that they can squander in an attempt to do a "feel good" for Schenectady. Who is this a pay-off to?
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
How hard is it for GE to pay for a $3.5 million dollar commercial when the feds and the state give them $100 million dollar grants...yearly?
We kinda make the beer...no....you're a completely government funded business stealing money from the taxpayers and the school districts (ask Schalmont how much THEY like GE).
If you watch the commercial, it would appear that Budweiser might have had a part interest in funding this commercial.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
President of Anheuser-Busch Inc, Budweiser - Busch Distributing Company Inc.
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BACKGROUND Mr. David A. Peacock,Dave serves as advisor Anheuser-Busch Companies Inc and served as its Chief Executive Officer since November 2008 and served as its President and Head of U.S. Commercial Division. Mr. Peacock serves as the President of Anheuser-Busch Inc., a wholly-owned subsidiary of Anheuser-Busch Companies Inc. and Budweiser - Busch Distributing Company Inc. Mr. Peacock serves as the Chairman and Chief Executive Officer of Wholesaler Equity Development Corp., ... Read Full Background
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Warren Buffett, the world's richest man and chairman of Berkshire Hathaway Inc., plans to tell Anheuser-Busch Cos. chief August Busch IV that he supports Belgian brewer InBev's proposed $46.3 billion takeover offer of the Budweiser brewer, according to an article Belgian newspaper De Standard posted on its Web site Tuesday.
Omaha, Neb.-based Berkshire Hathaway owns more than 35.3 million shares, or 4.9 percent, of Anheuser-Busch stock, and is believed to be the brewer's second-largest shareholder behind the 5.7 percent held by Barclays Global Investors NA of San Francisco. Berkshire Hathaway's stake in Anheuser-Busch is worth nearly $2.3 billion at the current offer price of $65 per share.
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
The Guardian, Wednesday 1 October 2008 Article history
Warren Buffett, the world's richest man, is pumping $3bn into General Electric as part of a $15bn fundraising by the US industrial conglomerate, which is anxious to calm nerves about the health of its financial services arm.
In a resounding vote of confidence, Buffett's Berkshire Hathaway investment empire is buying preferred stock in GE. The deal is similar to the billionaire's $5bn leg-up to the Wall Street bank Goldman Sachs last week.
"GE is the symbol of American business to the world," said Buffett. "General Electric is the backbone of American industry, They have strong global brands and businesses with which I am quite familiar. They're going to be around in five or 10 or 100 years from now and, if you buy at the right time, you'll probably make some money."
At the same time as issuing shares to Buffett, the company is offering $12bn of common stock to the public. GE's chief executive, Jeffrey Immelt, said the proceeds would help to protect the company's triple-A credit rating and could potentially fund acquisitions.
"First, it enhances our flexibility and allows us to execute on our liquidity plan even faster," said Immelt. "Second, it gives us the opportunity to play offence in this market."
GE is keen to reassure investors over the prospects for its finance division, GE Capital, which generated 45% of group profits last year. The size of the operation has raised questions about GE's exposure to the credit crunch, prompting a slide in the firm's shares in the market's recent sell-off of anything financial.
GE Capital provides credit services to 130m customers including retailers, consumers, mortgage lenders and car dealers. Immelt described its activities last week as "boring stuff" with little connection to the exotic derivatives which have crippled the banking industry.
But concern about the company sparked a 9% sell-off in GE's shares early yesterday. After the company announced its fundraising early in the afternoon, the stock recovered some ground, but closed down 3.9% at $24.50.
The presence of Buffett on GE's share register is likely to provide encouragement for investors. The 78-year-old Nebraskan is among America's best respected stock pickers and his words carry weight among millions of savers. Buffett warned for years of the dangers building elsewhere in the financial industry, describing derivatives as "financial weapons of mass destruction".
"He is the only major financial institution that has ready cash to buy cheap assets," said Tom Sowanick, chief investment officer at fund management firm Clearbrook Financial. "You could actually call Buffett a mid-western vulture fund who is eating off the debris of the financial chaos."
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Mario Anzuoni/ReutersWarren E. Buffett will get back $3 billion that he invested in General Electric during the financial crisis, plus a $300 million bonus.
8:31 p.m. | Updated
Warren E. Buffett continues to collect benefits from the financial crisis.
General Electric said on Tuesday that it would pay back the $3 billion investment that his company, Berkshire Hathaway, made in the depths of the crisis, netting Mr. Buffett a tidy profit.
He will get back his principal, a $300 million bonus, plus any accrued and unpaid dividends, according to a regulatory filing by G.E. on Tuesday. General Electric said it would repay the investment on Oct. 17.
Mr. Buffett has been quick to capitalize on the problems of financial companies, forging deals at beneficial terms to Berkshire.
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•The S.E.C. filing . In 2008, just before striking an agreement with G.E., Mr. Buffett picked up a $5 billion stake in Goldman Sachs, the investment bank. This year, Goldman returned the $5 billion to Berkshire with an extra $500 million for paying back the investment early.
The investment netted Mr. Buffett $1.7 billion, or roughly $190,000 a day. At the time the deal was negotiated, Goldman’s chief executive, Lloyd C. Blankfein, joked that he would pay Mr. Buffett back in $1 bills. Mr. Buffett said that was fine, provided Goldman kept up a 10 percent dividend until he had finished counting the bills.
As the market turbulence has picked up in recent months, Mr. Buffett has continued to hunt for opportunities.
In August, Berkshire Hathaway took a $5 billion stake in Bank of America. Mr. Buffett is scheduled to receive a 6 percent annual dividend.
Berkshire provided General Electric — and its finance unit GE Capital — with much-needed support in the crisis.
Amid the market turmoil in fall 2008, General Electric reduced expectations for earnings, citing “unprecedented weakness and volatility in the financial services markets.” It also cut its dividend, stopped its stock buyback program and issued additional shares to raise capital.
But those moves were not enough.
As its stock continued to plummet, General Electric reached out Berkshire for a lifeline. With his investment, Mr. Buffett gave G.E. his implicit stamp of approval.
But he extracted a hefty price. General Electric agreed to pay a 10 percent annual dividend on the $3 billion investment.
The steep payout reflected the timing of the deal, which was negotiated during Wall Street’s darkest days.
“It was an indication of how bad it was at the time,” said Drew Woodbury, an analyst with Morningstar who covers Berkshire Hathaway. “There was a lot deeper concern about financial institutions.”
Since then, G.E. has steadily improved its operations, notably retooling its finance arm to focus on less risky lending strategies. In the second quarter, GE Capital reported a profit of $1 billion, up 57 percent from the second quarter of 2010.
“General Electric proved to be vulnerable to the financial crisis in 2008, as the group had sizable troubled assets and was too dependent on funding through the commercial paper market,” Henk van Tulden, an analyst with Financiele Diensten Amsterdam, wrote in a recent report. “The company reacted by restructuring, downsizing and stabilizing its financial division.”
But despite the improvements, the stock has continued to languish, a situation that could crimp Mr. Buffett’s total profits on his G.E. investment. Berkshire has the option to buy $3 billion worth of G.E. common shares for $22.25 each until late 2013.
General Electric shares closed at $15.41 on Tuesday, down nearly 40 percent from when Mr. Buffett made his investment nearly three years ago.
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
ahhhhhhhhhhhh.....good find senders. Looks like they are all in bed with each other.....picking and choosing who will be the winners and the losers!!
It is shameful that these 'rich folk' are so manipulative while folks are dying in the streets from lack of medical care and starvation!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
It was a pretty good ad --and fortunately it played early enough not to interfere with my viewing of Downton Abbey. Next year --- hopefully --- the NFL will field at least 1 decent team in the Super Bowl .. to make it worth actually watching the game.
George Amedore & Christian Klueg for NYS Senate 2016 Pete Vroman for State Assembly 2016[/size][/color]
"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground." Lyndon Baines Johnson
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