Archive for March, 2008

CIT Bites the Credit-Crunch Dust

Friday, March 21, 2008 17:41 Comments Off

CIT is drawing on its bank lines…….to the tune of $7 billion. No worries – it’s just the economy “turning down sharply.” CIT’s 52-week high is $61/share, and now it’s under $10/share.“No, No, No, Don’t move your money from Bear, that is being silly, don’t be silly, Bear Stearns is fine, Bear Stearns is not [...]

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Uh Oh — Are Women Doomed?

Friday, March 21, 2008 12:20 Comments Off

I suppose this article on today will anger a lot of women because it concerns the older man-younger woman question. Mick Jagger, Rupert Murdoch and Michael Douglas all have the right idea, evolutionarily speaking. Statistics show that monogamous men have the most children if they marry women younger than themselves. How much younger is [...]

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Bookstores in Trouble

Friday, March 21, 2008 7:08 Comments Off

Sadly, Borders Group, Inc. is in trouble and it’s up for sale. More and more of these companies continue to drop as consumers pinch pennies on wanna-have but don’t-need items. I listened to analysts talking about this on Bloomberg yesterday, and they don’t seem to really get it. There was a discussion of ways in [...]

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Comcast Wants to Watch You

Friday, March 21, 2008 7:01 Comments Off

It’s time to get the tin-foil hat ready for this one. At the Digital Living Room conference today, Gerard Kunkel, Comcast’s senior VP of user experience, told me the cable company is experimenting with different camera technologies built into devices so it can know who’s in your living room. The idea being that if you [...]

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Arnold Schwarzenegger, the Arnold Classic, and Bodybuilders

Thursday, March 20, 2008 9:50 Comments Off

A few weekends ago, I attended the Arnold Classic in Columbus, Ohio. First off, The Arnold is not just about bodybuilding, though it’s the biggest show next to the Olympia. It’s perhaps the biggest amateur sports competition/exhibition next to the Olympics. Weightlifting, power lifting, karate, gymnastics, cycling, Strongman, table tennis, wrestling, archery….it’s all there on [...]

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Prius and Hummer – Wow!

Wednesday, March 19, 2008 18:38 Comments Off

I”m not surprised at all about the reaction to my post earlier today. Why is it that at least 4-5 people – who have written me – don’t see the “bait” and fun in the blog post? First off, the title and short post should be a hint as to my motive. People hate SUVs/Hummers [...]

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Are Latte and Hair Recession Depression Proof?

Wednesday, March 19, 2008 15:42 Comments Off

Funny thing, but I’ve noticed a drastic drop-off in business at the two local Starbucks stores that I oftentimes visit. In fact, I used to go once or twice a week, on weekday mornings before work. As inflation nips at my budget I’ve cut back to approximately once every two weeks. The lack of cars [...]

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Gas Pump Self-Defense

Wednesday, March 19, 2008 14:10 Comments Off

I delight in stories like this. An 83-year-old Santa Fe, N.M., great-grandmother was able to fend off an attempted purse-snatcher by holding on to her purse and spraying him with gasoline. Bernie Garcia said a young man, identified by police as Angelo Trujillo, 20, approached her as she was filling her van at the gas [...]

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No Recession, Depression, or Panic

Wednesday, March 19, 2008 9:45 Comments Off

It’s merely a “sharp decline” according to Henry Paulson. “There’s no doubt that the American people know that the economy has turned down sharply. So to me much less important is the label that’s placed on it today. Much more important is what we do about it,” he told NBC’s Today Show.

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Jim Cramer: A Man of Experience

Wednesday, March 19, 2008 6:32 Comments Off

It’s strange how Cramer stammers his way through this interview back in 2007 as he tells us about his friends in high places and other strange tales. He seems as disjointed as I have ever seen him.

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