Yesterday the NYSE broke 9,000 and huzzahs and hosannas rang through the land. Redemption was at hand and all was right with the world. This was a sure sign the economy was recovering. "What I like about the rally that we’ve seen so far is the breadth of it. It’s not really confined to a [...]
Archive for July, 2009
The stock market is an idiot
Posted: July 24, 2009 in Dow Jones, goldman sachs, Housing bubble, Mortgages, NYSE, Stock marketTags: Dow, Dow Jones, goldman sachs, Home sales, Mortgages, NYSE, Stock market, UPS
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One Time, One Night In America
Posted: July 19, 2009 in Apollo 11, Lunar Landing, MoonTags: Apollo 11, CBS, Frank Reynolds, Jules Berman, Lunar Landing, Moon, Neil Armstrong, Walter Cronkite
What I remember about the moon landing is we got to stay up late to watch it. Some of my friends were over. I think Andrew van Pelt and Becky Morrow – I could be wrong but its my memory so who’s to correct. I was 6 and I guess Becky was too. Andrew was [...]
Real crocs thriving as Crocs™ go extinct
Posted: July 17, 2009 in Brands, Crocs, extinct, Marketing, Zombie, zombie-ish, ZombiesTags: Brands, crocodile, Crocs, Endangered species, Extinction, Marketing, Zombies
The colorful landfill-filling life-threatening shoes are headed to that great fire sale in the sky. Despite selling 100 million pairs in seven years, the company lost $185 million last year, dumped a third of its workers and have to find someone willing to adopt all their surplus shoes. Why not try the time-tested method of [...]
Despite the meltdown too many still think money = brains
Posted: July 15, 2009 in Banks, Economy, goldman sachs, Journalism?, NPR, SatireTags: Economy, Enron, goldman sachs, Meltdown, NPR, Washington Post, Zombies
Turn a profit and you must be a genius, despite two successive bubbles that is still the essential view of too many. Yesterday Goldman Sachs reported record earnings mostly because they are profiting from a government system they (or their former-for-now employees) helped create. In the wake of Countrywide, Madoff, Bear Stearns, Enron, AIG, etc., [...]
No surprise: Goldman Sachs – aka the Treasury Dept. – reports record earnings
Posted: July 14, 2009 in goldman sachs, ObamaTags: Bonuses, goldman sachs, Obama, profit
The financial firm’s investment in the Obama campaign is certainly reaping impressive dividends. The company “generated nearly $750 million in revenue from equity underwriting, helping battered financial-services firms sell stock to meet new government capital requirements. The quarterly performance from equity underwriting was a company record, and surpassed even the heady days of the Internet [...]
Even with funny money banks refuse to take California IOUs
Posted: July 7, 2009 in Bankruptcy, Banks, California, California Adventure, citigroup, Michael JacksonTags: Bank of America, Bankruptcy, California, Citi, IOUs, Wells Fargo
The name of Disney’s California Adventure park seems to have taken on ironic overtones of late. The WSJ reports: A group of the biggest U.S. banks said they would stop accepting California’s IOUs on Friday … if California continues to issue the IOUs, creditors will be forced to hold on to them until they mature [...]
Robert McNamara: An appreciation … of sorts
Posted: July 6, 2009 in A moment of silence for one of the greats, George Bush Desert Classic, Iraq, iraq war, Vietnam, World Bank, World War I, World War IITags: Errol Morris, Fog of War, Iraq, JFK, Robert McNamara, Vietnam, Vietnam War, World War II
The evil that men do lives after them; the good is oft interred with their bones McNamara, dead today at 93, embodied The American Century. Born two years after the start of World War I, he got his MBA from Harvard in 1937, in World War II he served in the Air Force in the [...]
Brand fail? American Apparel employed 1,800 not-so-American workers
Posted: July 1, 2009 in American Apparel, Brand Issues, Marketing, Marketing blunders, Marketing to girlsTags: American Apparel, Brand, Dov Charney, Marketing, Marketing blunders, Marketing to women
American Apparel – which runs “the largest garment factory in the United States, at a time when most apparel production has moved offshore” – has been employing 1,800 people “not authorized” to work in the United States. The U.S. Immigration and Customs Enforcement agency found that some 1,600 current employees at American Apparel’s Los Angeles [...]
