The Straight Dope. Bill Moyers interviews David... →
Bill Moyers: But here’s the problem for journalism. When we write about inequality, we use numbers that are profound but numbing. I mean, here’s something I just read: over the past twenty years, the elite 1 percent of Americans saw their share of the nation’s income double, from 11.3 percent to 22.1 percent, but their tax burden shrank by about one-third. Now, those facts tell us something very...
The METS & Madoff →
That transaction with Mr. Madoff, according to the suit, was documented by a single letter drafted in part by Mr. Tepper on Mets letterhead that falsely described the loan as an “investment” by Ruth Madoff in the company that would become the SNY network. It was signed by Mr. Wilpon, Mr. Katz and by Ms. Madoff, though the suit says the men never spoke with her.
Higher Education Bubble →
Instead, for Thiel, the bubble that has taken the place of housing is the higher education bubble. “A true bubble is when something is overvalued and intensely believed,” he says. “Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus.” … But...
A Mafia Boss Breaks a Code in Telling All →
“If you need somebody to kill somebody, you need workers — it takes all kinds of meat to make a good sauce,” said the onetime restaurateur, catering consultant and coffee truck owner, referring to what he said were Mr. Basciano’s skills both as a killer and as an earner for the crime family.
Good Market Conspiracy Rant →
Governments have always had an “invisible hand” in the markets, acting indirectly to influence stock prices via the setting of artificial interest rates via Central Banks or gold prices via the London Gold Pool, and at key points in history have been known to intervene directly. But the U.S. was largely a freely traded stock market until the 1987 crash, when President Reagan created the...
Poker & Trading →
Carl Icahn from Icahn Partners – apparently generated his first investing stake by winning $4,000 playing poker while in the US Army after graduating from Princeton. David Einhorn (Greenlight Capital) – demonstrated the link between poker and investing in reverse. After setting up Greenlight and achieving extraordinary investment returns over a 10 year period, Einhorn decided to learn poker....
Why we left the Gold Standard.
ESTIMIZE. dope. →
Share your earnings and economic estimates with the social finance community. Compete against Wall Street analysts. Discover the market’s real consensus.
According to law enforcement officials, Dykstra, 48, stood accused of stripping off in front of a woman applying to become his housekeeper and requesting a massage.
War in Libya & Syria →
1. It is forbidden to use any form of drugs or deal in them. 2. Theft, robbery, sex crimes, or any activity not in harmony with the noble way is forbidden. 3. It is forbidden to associate with any member expelled from the group. 4. All unnecessary contact with the authorities (the police) is forbidden. 5. Anyone breaking these rules is subject to discipline by the ruling council. 6. Younger...
FINANCIAL FRAUD: In Financial Crisis, No... →
MARC FABER on America →
Faber’s recommends an investment portfolio that is 25% real estate, 25% equities, 25% precious metals and 25% cash and short term corporate — not government — bonds. At then end of each year put your profits into the asset class that performed worst in the previous year.
The unveiling of new files, materials, and records are in response to the Freedom of Information Act requests. These documents allegedly state: Los Angles Police Department both on and off duty, helped shooter escape, and had ties to gangs. LAPD also failed to follow up with witness and take proper statements. Gecko 9mm armor piercing ammunition where used to shoot and kill B.I.G,...
Loosies on the Rise →
“The tax went up, and we started selling 10 times as much,” Mr. Warner said. “Bloomberg thinks he’s stopping people from smoking. He’s just turning them onto loosies.”
Nikkei Volatility during Crisis →
Food Crisis. →
Wachovia Funds Mexico Drug Trade! →
2nd Gilded Age →
Lessons from A Bronx Tale →
EURO coin SCAM →