Sorry, everyone; Reuters replaced the video that used to be here with another about something much less important, like the 678-point drop in the Dow today (10-9-08), and I can't find the original video on their site. It featured a monkey working as a waiter in an asian restaurant.
"'Yat-chan first learned by just watching me working in the restaurant. It all started when one day I gave him a hot towel out of curiosity and he brought the towel to the customer,' [said] the 63-year-old owner of the tavern, Kaoru Otsuka . . . .
"'It's amazing how it seems to understand human words,' said 71-year-old retiree Miho Takikawa . . . ."
(Thanks, Ben!)
October 7, 2008
I so need one for my next party . . .
October 6, 2008
Must See Re- the Current Economic Crisis
Naomi Wolf sums it up as of ca. Oct. 4.
Rep. Brad Sherman re- threats of martial law as of ca. Oct. 2.
Naomi Klein ("Mr. Risk Goes to Washington") as of ca. Sept. 24.
Naomi Klein as of ca. Sept 22.
(Dates above are the dates the videos were posted on YouTube, but I believe they are within a few dates of when the videos were recorded.)
While Lehman Pled for Federal Rescue,
. . . its execs were simultaneously securing their golden parachutes.
Lehman's CEO Richard Fuld, who testified before Congress today, has already taken home close to $480 million since 2000. Said Fuld, "I feel horrible about what's happened" -- but he didn't offer to return any of the money.
Another great post from HuffPo; thanks to Kadie for the pic!
UPDATE: Per Bloomberg, Lehman's "'key' money managers will get retention bonuses valued at $400 million when their investment-management business is bought by Bain Capital LLC and Hellman & Friedman LLC.
"Bain and Hellman on Sept. 29 agreed to buy most of the asset-management unit from bankrupt Lehman in a deal that values business at $2.15 billion, about half the buyout firms' initial bids. The purchasers will deduct the employee awards from the amount they pay the investment bank for the assets, Lehman's lawyers said today in a court filing.
"Under the proposed arrangement, which a U.S. bankruptcy judge must approve, Lehman employees and portfolio managers will get 16.8 percent of the equity in the purchased assets. The awards are valued using the 'gross purchase price' of $2.15 billion, which includes assumption of liabilities, according to the filing."
October 5, 2008
I have to blog this for personal reasons.
(I do wish they hadn't cut the recording when they did; and thanks, Ben!)
Even 60 Minutes Gets It Better than Congress
It was NOT the bad mortgages, really. The much larger problem was the unregulated, uncapitalized bets placed on top of them. As the last interviewee says, "it's a crime." For which individual heads need to roll, imho -- WITH seizure of all ill-gotten gains, pls; and we'd better start finding them because you can bet they're mostly off-shore already.
Watch CBS Videos Online
October 3, 2008
$100,000 Reward for Info Tying Rove to Election Rigging.
"Citing testimony from [Republican] technology expert named Stephen Spoonamore, Velvet Revolution [the group offering the reward] accuses the Republican Party of rigging elections for years by using [computer expert Michael] Connell to exploit electronic voting systems.
"Spoonamore filed an affidavit warning that the coming presidential election will be stolen by the GOP unless [the election fraud] is exposed. A colleague of Connell, Spoonamore [wrote,] . . . .
"'Mr. Connell is a devout Catholic, . . . . He has admitted to me that in his zeal to 'save the unborn' he may have helped others who have compromised elections.'
"The statement by Spoonamore also ridicules the Diebold voting system as 'riddled with exploitable errors.'"
More here.
Seems like a small sum for someone to risk their life -- heh, heh.


.jpg)


.jpg)

.jpg)

.jpg)
