Common shares of Indymac Bank popped 262% (.03-.13) today on rumors of a buyout. [more]
If you have not seen this PPT presentation of the Harbin Snow/Ice Festival, please enjoy.
(please note: all links visit the same article except the Tanta link) [more]
GOOD for the economy [more]
Occasionally I haved posted about environmental concerns, and this is another such post. I am sure anyone who lives in the American Southeast or West has some idea that the amount of water available to you is likely to be an expensive and potentially fatal problem in the very near future. The synopsis of this book offers some insight into the severity of the problem in the West. [more]
I had hoped to be able to write The Poop at least once each day, but I found that spell checking, fact checking (Which matters for a report on BS?), hunt and peck typing, and the general dispensing of The Poop to take more time than I had thought it would. Also I failed to find any new crap inspirational. Essentially, I crapped out. [more]
This is from an article titled "A Radiacal Plan for Funding the New Deal" written by Ellen Brown and published in "Yes" magazine, available here. [more]
A friend sent me this Neal Fox video.
It has a catchy tune, one curse word, and lasts 3 minutes.
This is fun to remember while "small gov't" Larry Kudlow is taking the SEC to task over the Madoff fraud. [more]
GM is blamed loudly and often for failing to be competitive. Despite being number one in car sales for this decade they are blamed specifically for not building good cars that "people want to buy". Which also conflicts with them being blamed for catering to North American consumers for building the big SUV's that people wanted and selling them for profit. They are also blamed for not shiftiing production to smaller high mpg cars despite having built over 20 models with better than 30 mpg, and that they will be at 30 over 30mpg in 2009. They are blamed for not building quality cars, despite JD Powers saying otherwise. [more]
In a bid to promote home based solar on Long Island, the Long Island Power Authority (LIPA) has presented a proposal to increase electric rates on Long Island, which are already some of the Nations highest, by 17% over the next four years. LIPA justifies this rate increase due to the expense of meeting increased consumer demand for electricity, despite the recent usage decline and the coming depression. Shares of EPG, converters of BS into saleable products, floated higher on the news as the increased demand for renewable gas produced electricity should help to reduce the oversupply of BS currently clogging the markets. The concern that higher electric rates would increase demand for solar generation and reduce the need for BS was pooh-poohed by experts. One expert was quoted as saying" Solar is years away from profitability, BS is here now and it is likely to be here for a long time to come". The animal rights group, Cows Really Are People (CRAP) issued a statement expressing their opinion that is well about time that Cows are recognized for their valuable contributions right alongside people as productive members of society. The anti Government group, Fair And Responsible Taxation (FART) was concerned that tax policy had contributed unfairly to the success of BS sourced Renewable Natural Gas (RNGtm). A representative of FART issued this explanation: "Free markets are like a car, no good ever comes of steering it". [more]
In an effort to keep pace with the Detroit Carmakers, the NY Yankees and the NY Mets have returned to NY City begging for a handout. Having realized the $1.5 billion they have already received to build new stadiums is not enough they have returned to request an additional $450 million. [more]
A Car Czar. This sounds so completely stupid. According to this NY Times article, "Car Czar" is the unofficial name given to the “one or more officers” expected to fill the job of overseer to the auto industry. [more]
Grandma is a nice person with a pretty full day. She visits the seniors center, she dances and has a fitness club membership. She does retired person stuff. She owns her home which she keeps clean and organized. She has some savings, but she is not loaded. She lives on a budget and knows how close she is to just getting by. [more]
As this mornings foul news came in, mortgage delinquincys up, unemployment still putrid, Xler highers bankruptcy lawyer, shares of EPG, converter of BS into saleable products were unchanged, as the associated BS was already priced in, even as the markets expectedly moved lower. [more]
In an effort to control greenhouse gas emissions a proposal was submitted yesterdy by the EPA to charge farms or ranches a $175 fee for each dairy cow, $87.50 for each head of beef cattle and $20 for each hog. [more]
During todays Senate hearing on whether or not to pump out the 'not so big anymore are you' three Domestic Auto Makers, (DAM) we learned that GM employees make $78, $75,$73,$71,$70, $48, $47, $38, $28, $14, or $12/hour. Not including of course, the Executives, who are expected to make $00.000487804/hour ($1.00 annually divided by an estimated 2050 hours worked). Whatever the actual figure for labor costs is, we here at "The Poop" believe statistically it will end with the number 8. In addition we learned that labor costs add $700, $1000, $1200, or $2000 (The cute, but unpleasant blond repeator on CNBC gave us that last figure) into the price of a car. It was not to be expected the variety of figures representing the price of labor would equal the variety of figures representing the cost of labor. Problems with balancing numbers are well known in Detroit and Washington. It was also learned that the UAW buyout of GM's healthcare obligation in Jan 2010 will cost GM a lumpy payment of $60bil, $50bil, $47bil, $35bil, $30bil, $17bil, or $1bil in Jan 2010. It was nice to pin that down. [more]
The General Accounting Office, monitor of the Treasury, which monitors Hank Paulson, who monitors Neel Kashkari, who heads the Office of Finacial Stability,and actually spends Tarp money, and monitors Tarp recipients spending, realized today that the Treasury Dept has not monitored Hank Paulson, doesn't know if Hank Paulson has monitored Neel Kashkari and thinks that Neel Kashkari has not been monitoring Tarp recipients adequately. The GAO determined that the Government must toughen its monitoring of Tarp spending, because the GAO, and the Treasury, and Hank and Neel, and the Office of Financial Stability are not the Government. I guess a new agency charged with monitoring all the old monitoring agencys would solve this issue. Then the old agencys because of the new agency would have additional layers of protection from blame as they each could claim they thought the others would monitor what was supposed to be monitored, but was not being monitored. [more]
No really. Just sickening. But just in time for Xmas shopping. If you are buying for little kids who might put toys in their mouths, please be like santa and consider checking this list.
(both links go to the same place)
The CEO's of Ford, Chrysler and GM arrived in Washington with business plans in hand to explain how they will make good use of $25bil in taxpayer loans.
Shares of bulls**t processor EPG remained unchanged today as investors expect a truckload of crap to flood the market by morning.