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June 2010

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8

Behold AIG's Narcissism

June 30, 2010 – Comments (2)

From today's FCIC hearing with Joe Cassano, who ran AIG's derivatives unit prior to meltdown:  [more]

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8

How Not to Save Money: Pentagon Edition

June 29, 2010 – Comments (1)

If you want to fix the budget deficit, defense spending is a good place to start. Stimulus, bailouts, and earmarks get all the media attention, but the truth is defense is the second largest money sink in the federal budget.   [more]

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18

Goodbye Comcast, Hello Hulu!

June 24, 2010 – Comments (13)

I just canceled my Comcast cable and hooked every one of my TVs up to the internet.

It took years of paying $100 a month for cable even when I never watched anything that isn't on Hulu to see the light. The only thing I want (mainly for work) is CNBC, which for $9 a month you can get a live streaming feed online. 

I'm hoping this is what the future will look like.  

 

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9

Outdooming the Doomers

June 18, 2010 – Comments (1)

Black Swan author Nassim Taleb got attention with this headline last week:  [more]

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8

Leaving Money on the Table

June 11, 2010 – Comments (1)

Article in the LA times about Ron Wayne, Apple co-founder who sold his 10% stake for $800. Today, it'd be worth $22 billion. Whoops.   [more]

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2

Would you trust this guy with your money?

June 10, 2010 – Comments (9)

Below is a picture of Scott Rothstein, who was just given a 50-year sentence for a $1.2 billion ponzi scheme. The picture is from 2007, when he was scamming is little heart out. But seriously ... people trusted their money with this guy. 

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30

CNBC Fails at Breaking News

June 07, 2010 – Comments (4)

"BREAKING NEWS: DOW SUFFERS WORST 2-DAY DECLINE SINCE MAY 20, 2010."

Guys, that was three weeks ago. Relax.  

 

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6

Steve Jobs on the new iPhone

June 07, 2010 – Comments (0)

As a picture of the new iPhone came on screen at the launch today, Steve quips, "Now stop me if you've seen this." 

I'm glad he can keep a sense of humor over the leak.  

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11

Marginal Tax Rates and History Deniers

June 07, 2010 – Comments (10)

Arthur Laffer in the Wall Street Journal has a pretty nasty forecast: Basically, we're all going to die a bloody death in 2011 as the Bush tax cuts expire, meaning, as Laffer notes, "the highest federal personal income tax rate will go 39.6% from 35%."    [more]

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