Sep 30 2008

Pelosi’s Speech Before The $700B Bailout Vote

Published by chowsquid under The Nation


Did Nancy spoil the party?
Within one minute into the speech, Nancy condemns the Bush administration on destroying the Clinton surplus. Then she nominated herself the narrator and went on summarizing the whole story by recounting the last two weeks. Did this move 60% of the republican votes? Probably not. Was this speech necessary? No. Everyone in Congress knows what happen the last two weeks, we don’t need a recount of every second.
16 minutes and 16 seconds.

Sep 29 2008

Bailout plan rejected - Sep. 29, 2008

Published by chowsquid under The Nation

dow_down_777This is a sad day for America. The House of Representatives have failed to pull together and vote for the bailout. On a 205(y) - 228(n) vote that will go down in history as possibly the star t of the Second Great Depression, 60% of Democrats voted in favor of the bailout while 30% of Republicans voted in favor. “Party leaders told members that the only way to protect the economy from a spreading credit crunch was to vote for the difficult-to-swallow measure.”

One lawmaker who voted against the bill, Rep. John Culberson, R-Texas, said the measure would leave a huge burden on taxpayers. “This legislation is giving us a choice between bankrupting our children and bankrupting a few of these big financial institutions on Wall Street that made bad decisions,” he said. Culberson voted against the bill.

The biggest obstacle that Culberson fails to understand is that the credit market, the engine that this economy runs on, is virtually frozen. This cannot happen. This crisis is spiraling into a credit crisis. People having nothing to do with this mess will be affected. Whatever misgiving these NO voters had could be hammered out next month or next year. The patient is bleeding to death and these representatives are bickering on who’s to blame.

The Dow went down 777 points; a 7% decline.

Bailout plan rejected - Sep. 29, 2008

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Sep 24 2008

Cramer Mad About Bailout Myths

Published by chowsquid under Money, The Nation, cramer

Cramer lost it again. He’s finally went nuclear or cramer_bailout_mythnucular. Last night on his Mad Money show, former Goldman Sachs employee Jim Cramer went ballistic about the bailout myths that’s stifling America’s prospects of a foreclosure recover. Without this bailout plan passed “yesterday”, Jim Cramer painted pictures of the 1929, the American Great Depression.

Cramer really pulled the straw man for this list.

Bailout Myths as pontificated by Prof. Cramer, leader of Cramerica.

#1 Won’t Stop People From Losing Homes.

Continue Reading »

Sep 17 2008

Give Me One Minute-I Give You The Bible

Published by chowsquid under funny

Bible In A Minute - Barats & Bereta

baratsandbereta.com

Sep 16 2008

Another Day, Another Toy Recall

Published by chowsquid under The Nation, incredible

Another recall just unfolded as a cheap soccer net from Walmart becomes a dangerous game of death. The foldable soccer goal from RegenThe recall covers goal sets by MacGregor and Mitre.t Sports Corp. is being recalled due to faulty netting. One toddler has already died after having his head caught in the nylon net. The key reason why? the 5-inch grid of the netting is too large and can trap a young child’s net as he tries to climb it from the back. The Consumer Product Safety Commission requires the netting to be spaced no more than 4 inches. This one inch difference was a net savings of 20 cents to produce in China. Walmart’s dangerous game of slashing prices have once again gone too far. The products have also been sold in Ace Hardware of all places.

Soccer Net Death Sparks Recall, Months Later : NPR

Aug 01 2008

Taste It Once - Love It Forever

Published by chowsquid under funny

Old Bay Billboard

No, not crack cocaine nor your mother’s meatloaf. Just the taste of 60 years of seasoning in a can.

Jul 31 2008

Turn Pictures Into Photos With Photoshop Easy Technique

Published by chowsquid under Tutorials

head_of_women2head_of_a_women  female_head_sculpturehead_of_women1

In 10 easy steps or less, PS Hero shows us how to turn an ordinary picture into a realistic photo.

Photoshop techniques used include: Layer Style (Stroke), Gradient tool, Gaussian Blur, and Transform (Warp).

This tutorial uses Photoshop CS2 or later, but I used Photoshop 7.0 with the pictures above. Photoshop 7.0 doesn’t have the Warp technique, so I used the Free Transform and did each corner one by one.

PSHERO - Adding Depth with Shadows

The photos were taken at the Legion of Honor museum in San Francisco, CA. If anyone knows who these women are suppose to be, please drop a note in the comments.

Jul 28 2008

Sirius XM Merger Approved - 158 Days Of Whining Ends

Published by chowsquid under Money, stocks

sirius_cramer

Sirius and XM radio have finally gotten the regulatory approve to abuse it’s customers with monopolistic monthly rates and shaft their artist with price pressure. Way to go. Now Cramer doesn’t have to get two cars to listen to Howard Stern (Sirius) and Major League Baseball (XM).

Cramer did admit that the length of the delay did destroy a big chunk of both companies’ value. But the chance to convince America to pay for something that was once free? Priceless.

Jul 22 2008

The Diane Rehm Show - The Banking Industry

Published by chowsquid under Money, The Nation

Guests for the show:

Bert Ely, consultant, financial services industry

Kathleen Day, Center for Responsible Lending

James Leach, director, The Institute Of Politics At Harvard University’s John F. Kennedy School Of Government; Former U.S. Congressman from Iowa (1977-2007)

Robert Hartheimer, special advisor, Promontory Financial Group, former director of the Division of Resolutions at the FDIC 1991-1995

 

Quotes from the show:

“In fact, Fannie and Freddie bought 1 out of every 3 dollars of this garbage sub-prime stuff… Someone should have questioned that.”

- Kathleen Day, Center for Responsible Lending

“6 out of 10 people who got these bad loans would have qualified for a cheaper conventional loan…You can’t have a free market without a free flow of information.”

- Kathleen Day

“When you do collections of statistics, you can take different models and some leads to one set of answers and some leads to other set of answers. It’s like Mark Twain’s famous comment that there’s three kinds of lies. Lies, Damn Lies, and Statistics.”

- James Leach talking about the Consumer Price index for inflation

“We’re not going to have half the banks fail. That’s just not in the cards.”

- Bert Ely

 

The Diane Rehm Show Podcast, July 17, 2008

Jul 21 2008

Another Stupid Post On Crave

Published by chowsquid under dance, funny

Bogus Invetion, $19.95Looks like Crave did it again. Apparently according the the “Experts” on technology, the word is out on a brand new invention “conceived” by Columbia classmates Rebecca Brown and Monica Murphy. “High Heeler” helps prevent klutzy moments?

Heel Saver $6

This invention claims to prevent high heels from getting stuck in grass, pavement cracks, and sewer grates.

These two inventors are selling this stuff for $19.95 a pair online for the clear version while the black version is in the works.

EXCEPT this has already been invented!!! These are known widely as heel savers in the ballroom dance world. $6.00 a pair. Check it out at Strictly Ballroom Dance Apparel.

Don’t let Crave mislead you to a rip-off that’s worse than a sewer grate.

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