Putin smacks down Michael Dell

http://money.cnn.com/2009/01/28/news/companies/dell.davos.fortune/index.htm

Putin's withering reply to Dell: "We don't need help. We are not invalids. We don't have limited mental capacity." The slapdown took many of the people in the audience by surprise. Putin then went on to outline some of the steps the Russian government has taken to wire up the country, including remote villages in Siberia. And, in a final dig at Dell, he talked about how Russian scientists were rightly respected not for their hardware, but for their software. The implication: Any old fool can build a PC outfit.

Bill Gates is one of the world's most hated men. But the world loves rappers

http://www.tgdaily.com/html_tmp/content-view-41187-128.html

And you wonder why our world is fucked.

Blue balls. lots of them

whoa.. make sure you have sound: http://blueballfixed.ytmnd.com/

It's official - Iceland government has collapsed today

History in the making. http://news.bbc.co.uk/2/hi/europe/7851415.stm

They buckled under peaceful protest. That's what we need over here. Or perhaps just some good ol fashion violent ones.

Mark Fabor - investment advisor. Awesome quote

The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer/Software it will go to India. If we purchase fruit and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car it will go to Germany. If we purchase useless crap it will go to Taiwan and none of it will help the American economy. The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part .

The true representation of Mac vs PC

9 wealthiest financiers of 1923 - all ended dead, broke or in prison. Here's to hoping

http://www.thedailybeast.com/blogs-and-stories/2009-01-23/what-the-richest-men-in-the-world-dont-know/

I only wish the worst upon our generation of these scum. I hope at the very least this happens and hope they never feel safe again wherever they go.

Merrill Lynch pays out $15 billion in bonuses 3 days before bailout

http://clusterstock.alleyinsider.com/2009/1/wall-streets-sick-psychology-of-entitlement

When will the outrage begin?

Fallacy of high education

College costs also a bubble, far beyond real value

Kellum's law school sweetheart, Jennifer Coultas, did much the same. By the time they graduated in 1995, the couple was $194,000 in debt. They eventually married and each landed a six-figure job. Yet even with Kellum moonlighting, they had to scrounge to come up with $145,000 in loan payments. With interest accruing at up to 12% a year, that whittled away only $21,000 in principal. Their remaining bill: $173,000 and counting.

MSFT is evil - GOOG is good? NOOOOT

I feel sorry for sheep. They have this crowd mentality and don't think for themselves. I've preached this for years about GOOG vs MSFT but sheep don't care unless it's trendy.

http://www.techcrunch.com/2009/01/18/why-google-employees-quit/

For all the sheep that keep thinking housing is at its bottom

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/16/AR2009011604724_5.html

Already, 24 percent of option ARMs were at least two months late in September, up from 5 percent a year ago, said Mahesh Swaminathan, a Credit Suisse mortgage strategist.

"We're seeing delinquencies rise even before the recast date has hit," Swaminathan said. "After the recasts, the weakness will increase. In 2010 and 2011, the recasts will peak."

Analysts now warning of US Great Depression and China's implosion

http://blownmortgage.com/2009/01/15/analyst-warns-of-us-depression/

All the facts about the McDonald's hot coffee lawsuit

http://www.lectlaw.com/files/cur78.htm

I guess what they say bout SEX and SIN during a recession , is wrong.

Beer sales down:

http://www.google.com/hostednews/ap/article/ALeqM5iNRc5pjyxDxtLNba38jgc6qd6wkAD95NPGI80

Adult Entertainment Expo attendance down:

http://www.lasvegasnow.com/global/story.asp?S=9643800

Indentured Slavery

'Economic Distress and Fear

This was the Quotation of the Day from January 12:

Part of the debtor mentality is a constant, frantically suppressed undercurrent of terror. We have one of the highest debt-to-income ratios in the world, and apparently most of us are two paychecks from the street. Those in power -- governments, employers -- exploit this, to great effect. Frightened people are obedient -- not just physically, but intellectually and emotionally. If your employer tells you to work overtime, and you know that refusing could jeopardize everything you have, then not only do you work the overtime, but you convince yourself that you're doing it voluntarily, out of loyalty to the company; because the alternative is to acknowledge that you are living in terror. Before you know it, you've persuaded yourself that you have a profound emotional attachment to some vast multinational corporation: you've indentured not just your working hours, but your entire thought process. The only people who are capable of either unfettered action or unfettered thought are those who -- either because they're heroically brave, or because they're insane, or because they know themselves to be safe -- are free from fear.'

Paulson Hedgefund Pwns the rest of hedge funds - yet has to answer to House Oversight Committee

http://www.portfolio.com/graphics/2009/01/Tracking-Paulsons-Success-in-a-Weak-Market

I've been following this dude's hedge fund for years and he's done nothing wrong except bet AGAINST the speculators. He's a smart man like the very few of us. Yet the corrupt government is grilling HIM for being RIGHT? What kind of nonsense is that.

Grill the corrupt CEO's of banking institutions!

How many times have you over-estimated someone's wealth?

Check out the ballas that owned OC's Lambo stealership! They outright stole $12million and fled!

http://blog.pricewheels.com/2009/01/13/vw-sues-former-lambo-dealership-for-the-outright-theft-of-12-million/

I'm curious how low they sold those lambos for.

Great Depression II - what happens if it's easier to stay fed IN jail? What does history say?

I wonder what will happen to society when the low-life scum living out here now have an incentive to go to jail. What if everyone out here is hungry and starving and realize that they'll be fed well in jail? Society will take a very bad turn, considering how bad social moral decay is already, even when it was at the peak of financial boom.

What does history say about the Great Depression in regards to this issue? Although, society was in a much different place than the state it is in now. We now have adults fist fighting at Chuck E Cheese's on a very normal basis these days. Society now is much worse than it was back then.

Go Fox & Bloomberg! The two giants sue the Fed for disclosure!!

For once, the news giants are going to bat for the entire nation. Suing the Fed for not disclosing where they're spending our tax money. We need more allies like this.

http://www.reuters.com/article/marketsNews/idUSN1235009220090112

Sony reports first operating loss in 14 years. Only 2nd loss in Sony history

http://www.marketwatch.com/news/story/Sony-seen-reporting-first-operating/story.aspx

Hawaiian Depression

It was evident how bad the recession is and how much worse it will be , when I visited Maui this past weekend. We were there to attend the Mercedes Annual Golf Tournament at Kapalua. During both days we attended, at peak there were about 50-60 people. The stands were consistently empty the entire time.

The entire island was 'deserted'. We walked through all of the used-to-be busy shopping districts and they were like ghost towns. Although I have no idea why they were busy places to begin with selling useless junk that weren't related to tourism.

A lotta big ballas' running out of credit.

The story of how Porsche pwned the financial market

http://radian.org/notebook/porsche

"
On paper, Porsche made between €30-40 billion in the affair. Once all is said and done, the actual profit is closer to some €6-12 billion. To put those numbers in perspective, Porsche’s revenue for the whole year of 2006 was a bit over €7 billion.

Porsche’s move took three years of careful maneuvering. It was darkly brilliant, a wealth transfer ingeniously conceived like few we’ve ever seen. Betting the right way, Porsche roiled the financial markets and took the hedge funds for a fortune.
"

Hustler & Girls Gone Wild ask for bailout

http://www.marketwatch.com/news/story/hustlers-larry-flynt-girls-gone/story.aspx

Awesome. I think these guys are just trying to send a message across because the ridiculousness of it all is just hilarious. Good for them, although I am not a fan of GGW CEO (lowlife scum).

"Holding Cash" in 2k8 <- turns out to have been the best investment strategy

http://online.wsj.com/article/SB123127778549758603.html

He held up to 30% of his fund in cash when he couldn't find enough good bargains. Most mutual fund managers have to be fully invested, all the time.

"Quite frankly," he says, "the consultants and the (financial) advisers don't like to see anybody who's not 100% in the market all the time." Advisers tell fund managers, he adds, "we don't need you to manage cash for us, we can do it. But they don't do it."

Letter from CEO of a real company to his employees

http://www.rense.com/general84/letter.htm

"The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check?

Obviously, government feels the latter is the economic stimulus of this country. The fact is, if I deducted (Read: Stole) 50% of your paycheck you'd quit and you wouldn't work here. I mean, why should you? That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy. "

SUV's are best selling again - sheeeeeeep

http://www.dailypress.com/news/dp-local_suvsales_1230dec30,0,3236578.story

Do you really feel sorry for these POS when gas prices get high? Sheep I tell ya.

Martial Arts dojos in America - a big scam

This article sums it up pretty well and has some history behind it:

http://duckdown.blogspot.com/2009/01/why-most-martial-arts-programs-are-big.html

California state tax returns - you'll get IOU's instead of cash!

http://www.msnbc.msn.com/id/28448852

Maddoff's *TRUE* victims: YOU - the TAXPAYER!

http://www.indymedia.ie/article/90328

"Rafeeq suggests that Madoff fund simply went bust in which case the investors would not be entitled to get any money back. But by claiming it is a fraud and Madoff has pleaded guilty, and the state accepts it, it means all the so called defrauded investors are entitled to be fully compensated under the US government's financial fraud protection scheme."

Our buddy Zack in lead role in Fall Out Boy's new VIDEO!

http://www.youtube.com/watch?v=tc-wM6g-Oio

http://new.music.yahoo.com/videos/--205789121 (Clearer HD)

Way to go, Zack! Keep that pimp hand strong (not that one.. the other one)!