BBC World News last night started things off with some dude describing the House's vote down of the bailout bill as the result of a "peasant revolt." As one of the people who contacted my congressman to encourage voting "no" on the bailout, I really don't think I appreciate that. ;)
Note to the fashion industry: perhaps peasant blouses will be in this season.
I had CNN Headline News on here and there this weekend and for the most part it was pretty useless. Those little 1-minute blurbs about our economic situation... really helpful, there are momentous, historical and disturbing things going on right as we speak but somehow that apparently can be summed up in a 1-minute blurb, haha. [more]
Awesome BusinessWeek article with Drucker philosophy, it all makes a lot of sense to me, darn it:
I pulled Hayek's The Road to Serfdom off my shelf this past week -- it's been there for quite some time, waiting to be read, one of many that I know are classic, must-read material. (It's embarrassing how many books I have that are in the queue, so to speak!) I see no better time than the present to go ahead and do it, given the current circumstances on many of our minds. I hope to make headway this weekend. [more]
So if the Big 3 get their government help, does everybody get a free one of these, huh? [more]
So... news headlines tell me Bernanke's saying that without this bailout, we're in for... a recession! [more]
OK, so a lot of us are feeling like we're getting our pockets picked here lately... or we're about to get mugged, at any rate, given all the bail-out talk. In what might end up being a case of extremely poor timing, last night I saw a Burger King ad, it looks like a new one featuring that creepy big-headed King dude. This time, he stuffs money into some hapless dude's pocket as they're walking down a city street. This is, of course, the reverse pick pocket. [more]
Hilarious... I just saw a MarketWatch article saying that American Express, General Electric, and Capital One are among the companies that would like to be on the shortseller ban list. Yeah, I'll bet there are a lot of companies that -- "oh no, don't get me wrong, nothing to see here" -- would LOVE to be on the list. Sheesh.
OK maybe not so hilarious. Sometimes you've just gotta laugh though. Ugh.
I guess I'm going straight to beanie territory with my CAPS score. I can't get out of some of my thumbs down on financials because of the 7-day CAPS rule, but you know, I might keep them this way just on principle anyway. [more]
I think it's a good idea to keep an eye on those SEC filings, maybe now more than ever (not that it's ever NOT been a good idea). I have SEC alerts set up that email me for a slew of companies that I follow regularly, and here lately, I have found some interesting tidbits that haven't been press released in 8-Ks released after market close. Like today I found an interesting little tidbit on Abercrombie: http://www.fool.com/investing/general/2008/09/17/easy-come-easy-go-at-abercrombie.aspx [more]
Oh man, now that I saw the newest news, now I just can't stop thinking about ways to mock that AIG "I'm thinking about butterflies" commercial that I mentioned in my last post. I'm sure anybody who's ever watched CNBC has caught it at least 87 times anyway though. [more]
Somehow I don't think this theoretical dude is thinking about butterflies anymore:
This might go down in the annals of ad campaigns that are a little too easily poked fun at later.