All posts by vlhorton

Lee Horton has more than 20 years of experience in network administration, software development, database management and technology consulting, specializing in the oversight of mergers, acquisitions and start-up companies. Mr. Horton’s experience is comprehensive including senior management positions within publicly-traded and privately-held companies. Currently, he is serving in many capacities as required by an exciting new startup called Current Energy. Current Energy Services looks at your total energy outlay - from light bulbs to maintenance and equipment operation. By integrating energy management services with facilities and maintenance contracts, you get a comprehensive cost cutting plan. Power Brokers is a national energy-consulting division of Current Energy that provides energy procurement for a variety of small, medium and large industrial businesses, commercial clients and property owners. Our knowledge of deregulated energy markets is unsurpassed and we have negotiated over $500 million in energy contracts for our clients. Current Energy's products and services from our stores, you can find energy options, save money, and run your home more efficiently. These are just some of the reasons you should put Current Energy Services to work for you. Most recently, Mr. Horton served as director of technology for Bridgepoint Power & Light, the largest pre-paid electricity provider in Texas. There he led his team through the successful custom development and implementation of the company’s billing and database management software. Other duties included day-to-day management of the company’s technology assets including security, purchase of new equipment and crisis management. Prior to joining Bridgepoint, Mr. Horton served as chief technology officer for the Dallas-based venture capital firm, MAC Partners with majority interests in several publicly-traded companies including Ocean Resources Ltd. (a treasure-hunting ship) Blue Wireless and Data (a wireless ISP spanning 8 counties in north texas), and Apollo Resources (a bio-diesel consolidation company). Mr. Horton has held senior management positions with companies including, Springbok Technologies and Fluor Daniel Corporation. He also continues his role as part-owner and cofounder of MaxPop, Inc. which he helped founded in 1996 to supply a proprietary DSP technology used for compression of multimedia for high-capacity, low-bandwith transfer; particularly with the cellular wireless market in mind. He currently lives in Dallas with his wife Aaron and two children, Austin (19) and Shane (17).

Dear banks, what have you done for me lately? sincerely, taxpayers.

Tell me again why we should reward the financial sector banksters again?

“The U.S. financial sectors that would be at the greatest risk would be those with business models that depend at least partially on short-term funding. These include banks, funds, finance companies, exchanges and clearinghouses, broker-dealers, and life insurers.”  <- not sure about you, but these people are not doing me any favors lately..

via S&P special report examines potential effects of US debt debate | Reuters.

Moodys Places US Aaa Government Bond Rating and Related Ratings on Review for Possible Downgrade

Moodys Places US Aaa Government Bond Rating and Related Ratings on Review for Possible Downgrade.

While the debt limit has been raised numerous times in the past, and sometimes the issue has been contentious, bond interest and principal have always been paid on time. If the debt limit is raised again and a default avoided, the Aaa rating would likely be confirmed. However, the outlook assigned at that time to the government bond rating would very likely be changed to negative at the conclusion of the review unless substantial and credible agreement is achieved on a budget that includes long-term deficit reduction. To retain a stable outlook, such an agreement should include a deficit trajectory that leads to stabilization and then decline in the ratios of federal government debt to GDP and debt to revenue beginning within the next few years.”

Economist: Dicing with Debt and the Future

http://www.cfr.org/financial-crises/economist-dicing-debt-future/p25522?cid=rss-mustreads-economist__dicing_with_debt_an-071411.

Economist: Dicing with Debt and the Future

July 14, 2011

 

This analysis outlines eight reasons why the “Theory of Inevitable Compromise”–that Republicans and Democrats will ultimately hammer out a deal to raise the nation’s debt ceiling ahead of August 2–may not hold true in this instance.