Thursday, December 30, 2010

Making Money Now




SMH at the pimp game getting all strategic and ish:



The FBI estimates that a mid-level trafficker can make more than $500,000 dollars a year by marketing just four girls. In our second part of Trafficked, Youth Radio finds that what used to be a local activity has gone global and more violent. With so much money being made through trafficking, police say long standing networks of gangs and drug dealers are starting to cross over because they see sex trafficking as an easier game. The potential prison sentences are much lower and the game is less dangerous if you are a pimp or a trafficker. Youth Radio obtained a hand-written business plan from a pimp (PDF below) during our investigation for Trafficked (obtained from a prosecutor.) The business plan titled Keep It Pimpin states how the pimp wants to expand his trafficking business locally as well as nationally. He also writes that he wants to discover girls “from all over”–especially girls in jail houses and in small cities.


Alameda County DA Sharmin Bock says the pimp business plan represents a larger pimp mentality. “He said ‘I’m going to take it from the concrete streets to the executive suites.’ And that means ultimately you do want to be in those executive suites,” Bock says. “Ultimately you do want to be doing the big ticket sales of children all over the country. And sadly today there is no better bang for your buck, no better investment on your money, no better return, than selling a child for sex.”



Wow. This is some straight random ridiculousness right chere…


Source






...hopelessly outgunned presidential campaign as if it was a business, not even spending more money than he had in hand. C'mon now, how laughable is that in this day and age in modern America that someone who wants to run the federal government should live within his own campaign means? Just like normal people who live on a real budget with no ability to vote themselves a pay raise and a higher debt ceiling when no one is watching C-SPAN!


When the ultimate Democratic winner, in league with the extraordinary gentleman Harry Reid and the tough-talking San Francisco grandma who's House speaker, has decided to spend a gazillion more dollars than any non-federal calculator has digits to display.


These people, for Nancy's sake, are already spending the income taxes of the unborn grandchildren of those 4,000 babies that Paul delivered. A shocking realization that may be helping to fuel the recent re-examination of Ron Paul, who never met a federal dollar that needed spending -- unless it was going back to his district near Houston.


Ron Paul came within something like 1,000 delegates of catching John McCain for the Republican nomination in St. Paul. But when he finally gave up, Paul still had about $5 million left over. He's been investing it traveling around the country to speak and helping like-minded RFR's (Republicans For Real) organize all over. And, who knows, maybe sell a few books.


But now, just as his fierce supporters fearlessly predicted all along, many in American politics are coming around to think that maybe RP's crazy ideas, for example, of auditing and controlling the Federal Reserve, are maybe not quite so crazy.


Our news colleague in Washington, Don Lee, details the sea-change in opinion in a comprehensive look at the old guy's rebirth for weekend print editions, which we're sharing here this morning as a distinguished guest post for Ticket readers around the world.


And for any surviving Ron Paulites, who won't dare leave their typically snippy comments below because that would require them acknowledging that their favorite fiction about a MSM conspiracy to ignore the old guy is fiction.


-- Andrew Malcolm


Because no federal funds are involved, Ron Paul would want you to click here for Twitter alerts of each new Ticket item. Or follow us @latimestot. Or join us over here on The Ticket's new Facebook FAN page.


Here's Lee's reported news item:


For three decades, Texas congressman and former presidential candidate Ron Paul's extreme brand of libertarian economics consigned him to the far fringes even among conservatives. Not a few times, his views put him on the losing end of 434-1 votes on Capitol Hill.


No longer. With the economy still struggling and political divisions deepening, Paul's ideas not only are gaining a wider audience but also are helping to shape a potentially historic battle over economic policy -- a struggle that will affect everything including jobs, growth and the nation's place in the global economy.

Already, Paul's long-derided proposal to give Congress supervisory power over the traditionally independent Federal Reserve appears to be on its way to becoming law.

His warnings on deficits and inflation are now Republican mantras.

And with this year's congressional election campaign looming, the Texas congressman's deep-seated distrust of activist government has helped fuel protests such as the tea-party movement, harden partisan divisions in Washington and stoke public fears about federal spending and the deficit.

"People are wondering what went wrong. And they're not happy with what the....



....government is offering up," said James Grant, editor of Grant's Interest Rate Observer, offering an explanation for why seemingly wonkish arguments over interest rate policy and the money supply are spilling over onto ordinary Americans.

Some of Paul's most extreme views are still beyond the pale for most economists. Despite the eroding value of the dollar, no one expects the U.S. to return to the gold standard, as Paul advocates; most economists think that could wreck the economy.

In their less drastic forms, however, Paul's ideas are being welcomed by conservatives and viewed with foreboding by liberals. For conservatives, runaway inflation constitutes the biggest potential threat to the nation's future. Liberals worry that cutting back stimulus efforts too soon could slow or even halt the current recovery.

The debate over that question -- what the basic thrust of U.S. economic policy should be -- is likely to dominate the coming elections and Washington policymaking.

And so far, Paul and his fellow conservatives are on the offensive. President Obama and congressional Democrats are repeatedly pledging not to increase the deficit and to begin cutting back soon.

"I think we're going to be in for more revival of fiscal responsibility," said William Niskanen of the Cato Institute, who headed the Council of Economic Advisors under President Reagan.

Niskanen sees the Texas Republican's increasing influence as stemming from the continued economic weakness. "To this extent, Ron Paul gains voice," he said.

Paul would go a lot further in cutting back the government's role than even free-marketers like Niskanen support. If Paul had it his way, for instance, he would do away with the Fed entirely. In his bestselling book "End the Fed," he lambasted the central bank as an "immoral, unconstitutional . . . tool of tyrannical government."

Such rhetoric might once have been dismissed as extremism.


But Paul's anti-Fed message has drawn broad support because of the central bank's failure to restrain the flood of cheap money and excessive risk-taking in the years leading up to the financial crisis.

It has stirred rallies on college campuses and supportive commentaries from Wall Street pundits. More than 300 representatives in Congress have embraced Paul's ideas for reining in the Fed.

The response "is even more than I ever dreamed," Paul said in an interview, reminiscing about one evening during his 2008 White House run when University of Michigan students chanted "End the Fed" and burned dollar bills.

Paul, a skinny 74-year-old with a hangdog expression, understands that historical circumstances have thrust his ideas to the fore. "An intellectual fight is going on," he said.

Paul traces his economic views to his frugal upbringing in Pittsburgh at the tail end of the Depression. He saved pennies from delivering newspapers and helping out his father's small dairy business.

And his first economics class at Gettysburg College was an eye-opener, Paul said. When a professor explained how banks keep only a tiny part of their deposits on hand and earn money by lending out the rest, Paul discovered one of the "tricks" of the financial system.

Beyond that, Paul's ideas are grounded in the work of economic thinkers from an earlier era who focused on problems similar to those besetting the U.S. today.

In particular, Paul is a disciple of Ludwig von Mises, an Austrian theorist born at the end of the 19th century who contended that government intervention in an economy would fail because free markets were better at allocating resources and fueling growth.

Having lived through Germany's devastating hyperinflation in the early 1920s, which helped pave the way for Hitler, Mises wrote long before the Great Depression that over-generous credit policies would encourage excessive borrowing, creating a boom and then a bust.

Mises' ideas became central to what is known as the Austrian School of economics, which emphasized tight controls on credit and money supply, a strategy that discouraged financial ups and downs but tended to slow growth.

By 1940, when Mises arrived in America, most Western economists had embraced the competing theories of Britain's John Maynard Keynes, who called for government to stimulate the economy by spending on infrastructure and cutting interest rates.

Obama has largely followed the Keynesian script, as President George W. Bush did when the economic crisis broke.

Paul's once-lonely espousal of the Austrian School's ideas has gotten new impetus from conservative economists and Republican political strategists.

"A lot of good ideas were shoved aside because of the Depression and the rise of the Keynesian view of the world," said George Selgin, an economics professor at the University of Georgia.

Paul contends that Austrian economics explains the most recent financial meltdown: "It says if you inflate too much, if you have no restraint on monetary authorities, you're going to bring on a crisis." Now, Paul says, administration policies are leading the country toward disaster.

Selgin and many mainstream economists agree that pumping too much money into the economy can lead to trouble, but they say Paul goes too far.

In the 1930s, say Selgin and many other economists, including Fed Chairman Ben Bernanke, the U.S. economy began pulling out of the Depression thanks to federal easing of monetary policy.

The economy tipped back into depression after the reins were tightened too soon.

"In this aspect of the monetary system, he's just blown it," Selgin said of Paul.

However, like Mises, whose portrait hangs on his Washington office wall, Paul is intransigent, and that has earned him an ardent following.


"His views are strong and hardheaded, but you've got to stand firm or you'll get blown over in this world," said Mark Skousen, editor of the newsletter Forecasts & Strategies and a former economics professor at Columbia University.


-- Don Lee


Photo: Larry Downing / Reuters; Orlin Wagner / Associated Press; Associated Press (Paul argues with Mike Huckabee in a GOP primary debate).


 



surface encounters review surface encounters review surface encounters rock tops surface encounters review surface encounters review surface encounters rock tops surface encounters review surface encounters surface encounters surface encounters review surface encounters complaints surface encounters surface encounters review surface encounters complaints surface encounters surface encounters rock tops surface encounters complaints surface encounters review surface encounters review surface encounters review

HP wins $2.5 billion contract with NASA | Business Tech - CNET <b>News</b>

Beating out Lockheed Martin, HP will sell $2.5 billion worth of products and service to the space agency. Read this blog post by Lance Whitney on Business Tech.

Skype, FCC, IBM and Tech <b>News</b> Before New Year&#39;s

Skype, FCC, IBM and Tech News Before New Year's While the week before Christmas and New Year's is typically slow with regards to blair pleasant, cbs, data mining, fcc, ibm, information technology, israel, itexpo, lance whitney, mazda, ...

Geraldine Hoff Doyle, Inspiration Behind &#39;We Can Do It!&#39; Poster <b>...</b>

Geraldine Hoff Doyle, the woman whose face inspired the famous.


surface encounters review surface encounters review surface encounters complaints surface encounters rock tops surface encounters surface encounters review surface encounters complaints surface encounters complaints surface encounters rock tops surface encounters surface encounters review surface encounters rock tops surface encounters complaints surface encounters rock tops surface encounters review surface encounters rock tops surface encounters

Tuesday, December 28, 2010

foreclosure listings


Buce:




Underbelly: The Blogger has Questions: They say the Devil has nine questions. Barry Ritholtz has ten; he poses them to the four guys [Peter Wallison, Keith Hennessey, Bill Thomas and Douglas Holtz-Eakin] who didn't finish their term paper:




  1. From 2001 to 2003, Alan Greenspan took rates down to levels not seen in almost half a century, then kept them there for an unprecedentedly long period. What was the impact of ultra low interest rates on Housing, credit, the bond markets, and derivatives?


  2. How significant were the Ratings Agencies (S&P, Moodys and Fitch) to the collapse? What did their AAA ratings on junk derivatives affect? What about their being paid directly by underwriters for these ratings?


  3. The Commodities Futures Modernization Act of 2000 removed all Derivatives from all oversight, including reserve requirements, exchange listings, and disclosures. What effect did the CFMA have on firms such as AIG, Bear, Lehman, Citi, Bank of America?


  4. Prior to 2004, Investment Houses were limited to 12-to-1 leverage by the SEC’s net capitalization rule. In 2004, the 5 largest investment banks asked for, and received, a full exemption from leverage restrictions (known as the Bear Stearns exemption) These five firms all jacked up their leverage. What impact did this increased leverage have on the crisis?


  5. For seven decades, Glass Steagall separated FDIC insured depository banks from riskier investment houses. Prior to the repeal of Glass Steagall in 1998, the market had regular crashes that did not spill over into the real economy: 1966, 1970, 1974, and most telling of all, 1987. What impact did the repeal of Glass Steagall have on the banking system during the 2008-09 crash?


  6. NonBank Lenders: Most of the sub-prime mortgages were made by unregulated non-bank lenders. They had a ”Lend to securitize” business model, and they sold enormous amounts of subprime loans to Wall Street for this purpose. Primarily located in California, they were also unregulated by both the Federal Reserve and the California State legislator. What was the impact of these firms?


  7. These firms abdicated traditional  lending standards. They pushed option arms, interest only loans, and negative amortization mortgages, all of which defaulted in huge numbers. Was non-bank sub prime lending a major factor in the crisis?


  8. The entire world had a simultaneous global housing boom and bust. US legislation such as the CRA or Fannie & Freddie only covered US housing and lenders.  How did this cause a worldwide boom and bust — even bigger than that in the US ?


  9. Prior to the 2004, many States had Anti-Predatory Lending (APL) laws on their books (and lower defaults and foreclosure rates). In 2004, the Office of the Comptroller of the Currency (OCC) Federally Preempted state laws regulating mortgage credit and national banks. What was the impact of this OCC Federal Preemption ?


  10. Corporate Structure: None of the Wall Street partnerships got into trouble, only the publicly traded iBanks. Partnerships have full personal liability for their losses. What was the impact of this lack of personal liability of senior management on Wall Street risk management?




Comment:  Some of these come close to being purely rhetorical in the sense that (I suspect) Barry feels he knows the answer, and that the answer is damning to the culprits.  For every one of them, I suspect somebody over at the American Enterprise Institute will be ready with a memo showing that it was a total non-issue and oh look!  There's Barney Frank!  Even given AEIs risible record of "research," still a number of these do represent real issues on which I'd love to have a better sense of who is right.  Example: repeal of Glass Steagall is part of the standard mantra.  Yet wouldn't I be right that the worst afflicted banks (Bear Stearns, Lehman) are the ones least diversified, the ones that took least advantage of Glass Steagall repeal?  Can we document that Federal preemption really changed anything?



I know, that's not really his point--his point being to try to shame four guys who seem to have no sense of shame, and who pass on, as an "investigation report," a set of AEI talking points that they could have drafted before the commission was ever appointed.





and, contra to an earlier Post, on “Quants”, these are the ‘Data Jockeys’ to pay attention to–ask Jim Simons, see if he agrees..








  • curbyourrisk Says:



    December 9th, 2010 at 9:12 am

    Great tool…….WOW…..Farmingdale is loaded. Funny, when I looked up at the North Shore of Long Island (where all the beautiful people live)…..NONE!!! But then again, they are beter than the rest of us.








  • rktbrkr Says:



    December 9th, 2010 at 9:32 am

    Fannie has an online listing of their REOs, only 3% downpayment required with 3.5% allowance for owner-occupied – so essentially nothing down. No appraisal or mortgage ins required. Nothing said about title ins. Special financing for renovations/repairs.


    I believe there will be at least one more wave of markdowns in the sand states once the foreclosure train regains momentum, the normal areas might be near bottom now as long as we can hold at 90% employment.


    If BB screws up and mortgage rates soar then it’s good night Irene for homeowers even at this level


    http://www.homepath.com/








  • beaufou Says:



    December 9th, 2010 at 9:32 am

    Can you google map the notes for those foreclosures?








  • Livermore Shimervore Says:



    December 9th, 2010 at 10:33 am

    interesting: Click on both the “For Sale” and “Foreclosure” check boxes and then unclick “For Sale”. Very different maps.








  • curbyourrisk Says:



    December 9th, 2010 at 11:28 am

    But, but Barry said the bottom was in/near in housing…


    http://www.bloomberg.com/news/2010-12-09/homes-in-u-s-poised-to-lose-1-7-trillion-in-value-this-year-zillow-says.html








  • Mannwich Says:



    December 9th, 2010 at 12:13 pm

    This one is a must-read today:


    http://www.correntewire.com/why_obama_tax_deal_republicans_insane








  • louis Says:



    December 9th, 2010 at 1:16 pm

    Move along, these aren’t the dots your looking for – Que Ostrich.








  • Google Maps adds Foreclosure Results » The Art of Short Sales Says:



    December 9th, 2010 at 3:14 pm

    interesting find over at The Big Picture, detailing how to use Google Maps to find foreclosures: Google Maps keeps evolving, expanding the ability to drill down into granular detail. The latest








  • Use a Google Maps Filter to See Nearby Foreclosures [Real Estate] | Berry Live Says:



    December 9th, 2010 at 4:02 pm

    state of the economy, and for seeing what homes go for when they’ve been left in the wind. Google Map Foreclosure Tricks [The Big Picture via BoingBoing








  • Foreclosure Listing On Google Maps? « Daniel's Rants & Raves Says:



    December 9th, 2010 at 5:24 pm

    I know Google Maps can be used to see directions to some place in the area you never been to,  you can see street views of places, and so many other wonderful uses for Google Maps but now you can actually check the Foreclosures in a particular area using Google’s Map Service which is crazy, check out this article for more Details HERE.








  • FMT Says:



    December 9th, 2010 at 6:56 pm

    Immensely sad to reflect on the family stress and pain many of these dots will represent.








  • michael Says:



    December 9th, 2010 at 11:06 pm

    its probably worth noting that even this badly understates the problem. a home across the street from me was short-sold and the family lost all of their equity and the money’s for a major addition they had put into it; they of course aren’t shown. also, the house next to them went through foreclosure. its since been bought and a new family is living there. since its not currently in foreclosure, its not displayed either.








  • Rob Says:



    December 9th, 2010 at 11:07 pm

    Been having fun looking at foreclosure properties in my area this morning.

    Didn’t know that was even a possibility on GM.


    Stumbled upon something that was really cool that I’ve never seen before.

    Well sort of. If you look at a property using the “street view” then you

    can checkout the area around the property. (yeah, bear with me, I know that

    isn’t “new”) But while you looking at it in street view, right mouse click

    on the image and select “3D mode on.” Now that’s bad ass.


    I use to do mechanical design work and our computer did a similar “trick” as

    this. When you were designing a 3D part you could put it in 3D mode and the

    part you were designing became 3D (with the glasses of course) While it was

    a super nifty trick, it didn’t have much purpose in the design process.

    Similar to this street view thing I guess, really nifty but not much

    purpose…. yet.


    In case the 3D thing isn’t available everywhere, here’s the property I was

    looking at.


    http://maps.google.com/maps?


    Rob








  • TheCenterLane Says:



    December 10th, 2010 at 3:51 am

    I wouldn’t get too excited about that unit at 3425 Collins Ave. I used to live right nearby for 9 years.

    Even in this depressed market: You get what you pay for.

    Caveat Emptor. ‘Nuff said.








  • zato Says:



    December 10th, 2010 at 1:12 pm

    These are NOT foreclosure listings. They are FOR SALE listings.

    I looked at my neighborhood and ever single house that is for sale is designated a foreclosure according to google maps with “foreclosure” checked. Every single one. Now I know some of my neighbors and they are not in foreclosure.


    The data is bad, folks.








  • Amazing & Staggering – Foreclosure Maps | Roylat.com Says:



    December 10th, 2010 at 2:58 pm

    out the full article and set of maps – and instructions on how to do it yourself








  • paulks Says:



    December 11th, 2010 at 11:25 am

    The data doesn’t represent what we think it does, or what the title implies. I asked a real estate insider about this map. His reply:


    “That is a pretty neat system.  Unfortunately, it’s not a very accurate or useful system to me, it looks like it just generates hits to foreclosure “sale” websites, which in turn makes my client call me and ask to see a property that was sold weeks ago.  The interesting thing is that nobody can actually sell a foreclosure except the public trustee, they only take cash, and they don’t advertise.  The news media has done a good job of confusing the public about what a foreclosure really is.  All these houses may be in the foreclosure process at some point, or have already gone through foreclosure.  Most appear to be bank owned or short sales or distressed sales, etc.

    I looked up a couple I know about and the system appears to only be linked to these commercial websites, not the current MLS.  1375 S Vrain is shown on the map as being listed for $145k.  I know it went through and completed foreclosure nearly a year ago, and the bank sold it at auction 10 days ago for $74,000  (to my investors)”








  • Foreclosures on Google Maps | Mapsys.info Says:



    December 12th, 2010 at 5:55 pm

    The Big Picture has been looking at a number of areas on Google Maps to assess the impact of the downturn on people’s homes.








  • Matrix » Google Maps Shows Us Our Foreclosure Skeletons Says:



    December 12th, 2010 at 7:04 pm

    is why Barry Ritholtz’s The Big Picture is a must read – always a trove of cool insight – this time its (via ChartPorn)








  • America’s Spreading Foreclosure Pandemic — use Google’s foreclosure maps to expose the extent of foreclosures nationwide and in your neighborhood « Dregs of the Future Says:



    December 13th, 2010 at 1:17 pm

    Amazing US default and foreclosure maps








  • Quora Says:



    December 13th, 2010 at 4:09 pm

    How to find foreclosing apartments?…


    Google provides an interesting solution for this though I cannot confirm if their results are relevant. Basically go to Google Maps, punch in any US address and hit the More button besides Traffic. There is an option for Real Estate, check that and on …








  • Cogitator Says:



    December 13th, 2010 at 5:12 pm

    This seems to be for homes that have been foreclosed on. There are many others that are in the process, but have not yet been, as they say, sold on the courthouse steps to make this list. If all of the homes that are in the process of being foreclosed were on on this map, it would look much worse.



    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam

    <b>News</b> - Reese Witherspoon, Jim Toth Engaged! - Healthy Lifestyle <b>...</b>

    The actress and her Hollywood agent beau are "extremely happy," her rep tells Us exclusively.

    Fox <b>News</b> - Ratings - 2010 | MSNBC - CNN | Mediaite

    Fox News will mark 2010 as one of the best years since the network's launch in 1996. The network posted powerful ratings, beating the combined ratings of CNN and MSNBC and marking the ninth straight year as cable's top news network.

    Great <b>news</b>: Congress discovers exciting new ways to earmark « Hot Air

    Great news: Congress discovers exciting new ways to earmark.


    bench craft company scam
  • Thursday, December 23, 2010

    Whos Making Money

    Wednesday Worries – Ireland “Fixed” – Who’s Next?


    Courtesy of Phil at Phil's Stock World 


    So many things are pissing me off today.  


    I got my political outrage out of the way in my earlier post: "Thanks for the Gas Money, Mr. President," so we don't need to talk about that again. Ireland, as of 7:45, has not actually voted to accept the EU's deal, which will pull $20,000 per Irish family directly from national pension funds to pay for the speculative mistakes of Irish Banks.  Additionally, the Irish people are being asked to borrow another $75,000 per family from the EU at about 6% interest, also to pay for the speculative mistakes made by the Irish Banks.  While this may seem insane - it's only a drop in the bucket compared to what Americans are spending to bail out our own speculators so why shouldn't they join the club?  


    At least Ireland gets to vote for their obligations, we have a Federal Reserve System where a single man, known as "The Bernank" is able to spend what is now heading towards $3.5Tn of OUR MONEY to bail out his banking buddies.  That's $31,818 per American family spent over two years IN ADDITION to the stuff I complained about Obama and our spineless Government spending in the last post.  


    As I said, things are pissing me off today!  I should be in a better mood - we had a fabulous day trading in Member Chat yesterday.  In yesterday's post, I closed with "One last stab at making some bearish profits for us (see Morning Alert)" and you can click on that Alert, which was posted on Seeking Alpha and check out our trade ideas for the $10,000 to $50,000 Portfolio which included (at 7:22 am yesterday) QID Jan $10 calls, which opened at $1.80 and finished at $2 (up 11%), DIA Dec $114 puts, which opened at .80 and finished at $1.33 (up 66%), XRT Jan $44 puts, which opened at .35 and finished at .55 (up 57%), USO Jan $36 puts, which opened at .66 and finished at .90 (up 36%), PCLN weekly $400 puts, which opened at $.50 and finished at $1.40 (up 180%) and NFLX Jan $155 puts, which opened at $1.70 and finished at $2.30 (up 35%) but should look much better this morning, where we will exit.  


    Of course I featured the idea to short NFLX last Thursday in the Morning Post (which you would get at 8:30 every morning in progress if you subscribed!) and we talked about shorting oil in the Weekend Post and I mentioned XRT last week as well so it's not like these are even our "super-secret" trade ideas - this is just the stuff that looked obvious enough to risk our small portfolio plays on (as you don't want to take too much risk in a small portfolio, even when it is aggressive like our virtual $10,000 Portfolio).  Once we got into Member Chat for the morning we went with more aggressive trade ideas like PCLN weekly $410 puts at $1.60, which finished the day at $4.20 (up 162%) and 6 other plays that we're not done with yet plus shorts on the oil futures at $90 that worked out very well.   


    So why am I angry?  You can't really have a better day than we had yesterday.  Yesterday is the reason we have sat patiently (well kind of patiently) in cash for a month as we finally got an opportunity to commit to a whole bunch of very obvious trades, the most trade ideas I've had in a single day since early September, when we jumped on Uncle Ben's bullish bandwagon.   Sure we find things to trade every day but these are the opportunities we wait for.  I guess I'm pissed because we had to pull our December short plays off the table because the cartoon bears have warned us that they will be "Buying the F'ing Dips" and we know better than to argue with cartoon bears because it's simplistic little BS premises like that that rule this market.  Ah, that's why I'm angry!  


    As I keep saying, I don't enjoy day trading - it's not satisfying but it's what we do while we wait for real investment opportunities to come along.  While it may be exciting to make 100% on a trade in a single day - it's small money and a tedious (and stressful) way to build up a portfolio.  I suppose at heart, I'm a long-term investing coupon-clipper but those kind of investors are being chewed up and spit out in this market and, while we found many, many things to buy earlier in the year, now we're down to one or two long-term opportunities a day while most of the rest of the market looks better as a short.


    But you can't even stay short past the closing bell.  Even as I write this post our paranoia in taking the money and running (our usual strategy) on our quick gains is looking justified as the dollar is, as usual, being shoved off it's overnight highs (used to prop up the Nikkei in our famous "3am Trade") during the slower EU lunch break in order to now goose the US futures to give US markets the best possible open on the least possible amount of volume (ergo cost to the Gang of 12).  Despite debasement efforts by Obama and The Bernank yesterday, the dollar still rose back to 80.81 in overnight trading and that sent the Dow futures all the way down to 11,285 but don't despair - they've already been goosed back to 11,350 - just 5 points shy of yesterday's weak close.  


    See, in a "normal" market we would have simply stayed short because clearly the momentum was down and the fundamentals indicate that all the efforts of Obama, The Bernank, the BOJ, the BOC, the ECB... are "too little, too late" to put the Humpty Dumpty global economy back together again.  Some of the fundamentals we're watching:  



    • German exports declined in October

    • Machinery orders fell in Japan for October.

    • Speculators are holding the largest commodity positions on record, up 13% from 2008 highs. 

    • Oil is in a GLUT, with demand off a cliff.   

    • Mortgage Applications are falling again

    • 15 US States face a $26.7Bn mid-year budget gap

    • The EU is passing tough banking regulations

    • Our Government is expanding the insider trading investigation

    • China is likely to hike interest rates.

    • Mortgage Bond yields have leaped to 6-month highs.

    • Italy's budget plan is forcing a "no-confidence" vote for Berlusconi

    • US Retailers are cutting earnings forecasts and sitting on big inventories.


    These are just TODAY'S headlines and they all add up to RISK.  Lack of risk recognition by the markets was the primary reason I called for cash in early November.  We are approaching 2008 pre-crash market highs with many stock trading higher than they were then on LESS revenues than they had at the time.  Meanwhile, 10% of our population is unemployed, consumer credit is down by over $1,000,000,000 (15%), household wealth is down 20% and income is down while the CPI, even by BS Government measures, is up 5% since then, effectively giving those people who still have jobs 5% less to spend anyway.  


    And when you consider that discretionary income is just 20% of income - if the 80% they HAVE to spend went up 5%, then that's 4% of discretionary income gone, which is 20% of discretionary income out the window - FOR THE PEOPLE WHO ARE STILL WORKING.  The other 10% have ZERO to spend and that's not good either.  All of this is being ignored as "investors" buy stocks on the hopes that they will expand sales internationally and keep cutting costs despite the same inflation the speculators are using to justify their very high valuations.  We're effectively writing off the US economy and placing all of our bullish eggs in the global basket - even though they have 20% unemployment "over there." - that's kind of nuts, don't you think?



    I'm not even going to ask if the above 

    chart (from Calculated Risk) disturbs you

    . Clearly, from the results of the last election, it does not.  We are over 6M jobs away from recovery and we added less than 40,000 last month.  At least in Ireland, their population is shrinking, with 65,500 people (1.5%) abandoning the sinking ship as of April of this year.  That's less likely to happen in America as Mexico is not that attractive and Canada doesn't want us and most people can't afford to move anyway as they are upside down on their mortgages so we, as a people, sit and wait.  We sit and wait for something good to happen.  Any minute now...  Something good is bound to happen... NOW!   OK, maybe not now but really soon - something good has got to happen, right?  

     

    That pretty much sums up our national policy - we don't actually do anything to create jobs but if we sprinkle enough magical fairy money on the rich, we're sure they'll start hiring people real soon!  Maybe as soon as they are done merging and acquiring smaller companies with all that money where they then create efficiencies by laying off 50,000 people a month (Challenger Job Cut Report) while more and more jobs are outsourced every day ($6Tn worth of jobs are currently outsourced).  And why not?  There are huge tax advantages to outsourcing US jobs - tax advantages that our President is perpetuating as he bends over and accepts the massive Republican tax cuts for the wealthy on behalf of the American people. 

     


    Did I mention I was pissed?  Good, then moving along...  


    So we kept our Jan shorts and didn't add any longs because we expect a bounce on the usual opening nonsense but I don't see enough dry powder left for the bulls to take us over that critical Dow 11,500 mark.  Meanwhile, CAT is way too high and they are a Dow component, as are XOM, CVX, IBM and MCD - all stocks that are major components in the price-weighted Dow and are more likely to pull back than move higher.  


    EU money printing will not inflate our stocks - it may even boost the Buck and that would be bad for commodities, who had a pretty rough day yesterday (and we shorted a few).  I wish it were easier and I wish we could just say "CAT is overbought so we're going short" but the fundamentals of the stock are trumped by rumors of infinite Chinese demand and inflation expectations that somehow ignore the negative impact of rising steel prices and increasing borrowing costs on the company.  Of course the weak-dollar expectations have everyone moving into stocks, which are just another form of commodity to trade and, even as I write this, the dollar is being jammed back below 80.50 to goose the US open.  


    At least we know how this game is rigged and we can have lots of fun betting the suckers never do find that red queen but what a shame that this is what the global economy has been reduced to - a shell game - and it's an empty shell at that! 

    style="text-align: center;">

    /> [style="text-decoration: underline;">Ed. note: This post is authored by Evan Jowers and Robert Kinney of Kinney Recruiting, sponsor of the Asia Chronicles. Kinney has made more placements of U.S. associates and partners in Asia than any other firm in the past four years. You can reach them by email: asia at kinneyrecruiting dot com.]

    Evan here. If you are a transactional associate at a top US firm and your name happens to be of Asian origin, especially of Chinese background, then you are probably receiving multiple cold calls per day from recruiters. After all the Asia lateral biglaw markets, especially HK / China are red hot now and it is of course very easy to compile a list of top US firm associates with Asian names.

    Keep in mind that there can be very negative consequences in giving control of such an important career move and job search to someone calling you out of the blue (no matter how many times they may call). We often get calls from very well qualified US associates with sad tales of at worst their resume being plastered unauthorized all over China or other Asia markets; or at best only authorized submissions (thankfully) but realizing their recruiter has done little more than emailing their resume to begin with and is unresponsive for weeks.

    It is important to note that your resume is a very valuable commodity to recruiters calling you. When you are placed at a law firm, the recruiter who submitted your resume is typically paid (by the law firm) 25 to 30% of your starting base salary. Thus, the recruiters cold-calling you have a big incentive to get a hold of your resume and email it to law firms, with or without your authorization (believe it or not, some biglaw recruiters in Asia are known to be even less ethical than the worst of the lot in the US). Once your resume has been submitted to a law firm, the recruiter who did so “owns” your candidacy there for at least six months. Further, when your resume has been submitted without your authorization, it will take an affidavit from you to the target firm explaining such for the submission to be reversed (and basically that is you explaining to the firm that you did not know you even applied there, which can of course cool off any motivation of that firm to continue to want to interview you, and the unethical recruiter is counting on you to thus not take that route).

    We try to think that a lot of recruiters do not take such unethical steps, but please note that even the most well-intentioned recruiters trying to break into the Asia markets are more often than not woefully inexperienced with such lateral placements (and even most of those with some experience have never been more than resume pushers).id="more-49277">

    We recommend that you make sure you are represented by a recruiter who is willing and able (has the experience necessary in your target market) to act as your agent, instead of just someone who is only able and / or willing to email your resume to firms. You should be pro-actively looking for an agent (we recommend interviewing prospective agent / recruiters months before you start your search when possible), not simply handing your search over to a headhunter that happens to be calling with the earth shattering news that they know, for example, of firms in China that have openings for Mandarin fluent US associates in cap markets and M&A (almost every top US and UK firm in HK / China has such openings), or that the sky is blue.

    The question you should be asking is not whether there are openings and whether you would be very competitive candidate for such spots (yes and yes), but whether the person calling you is best suited for representing you.

    At the very least, make sure the recruiter cold-calling you can:

    a) Provide at minimum 10 references of US associates they have actually placed in your target market in Asia (I could easily provide 50, as 10 is a very small and unimpressive number, but should be a minimum guideline to figure out if the recruiter actually has a history of successfully placing US associates in your target market); and

    b) Is able to discuss in great detail each roles you may consider targeting, including details regarding the relevant partners involved (does the recruiter even have a business relationship with the particular partners making the hire), including their personality, practice area, and plans for growth. I usually refer to this as the “3 hour rule”, in that if you get the impression that the recruiter could not talk non-stop about your target market for about 3 hours, then move on to the next recruiter (does not mean you actually have to listen to them for 3 hours).

    It can be a lengthy process to find the right fit lateral spot in Asia, especially if you are moving from the US. It is much more complex than simply moving down the street to another big office. Instead you are moving to a much smaller office, smaller group, a place where you will have a lot more responsibilities with clients and where your personality fit with your primary supervising partner will be key (not only for progression at your new firm, but also for the foundation of your career in your target Asian market).

    It is also a very exciting move and you deserve to be working with an agent / recruiter (rather than headhunter / recruiter) who is excited about helping you and the firms / partners he is recruiting for in Asia; who is excited to be invested in your career for the long-term; not focused on a recruiting fee (is willing to give advice not corresponding with recruiter being paid if that is the best advice); and who is capable (actual long-term experience with the market and similar lateral moves) of giving you the best advice and guidance.

    Our team at Kinney can of course do a great job for you on an Asia job search. We know a handful of recruiters outside our recruiting firm as well whom we can recommend and are happy to do so. If unfortunately you have gone down the road already of being represented by a headhunter (instead of an agent) and you need advice, feel free to get in touch with us as well. While we can’t represent you at your target firms in such situations (remember, your headhunter already “owns” your candidacy at any firm contacted for at least 6 months), we are happy to give you advice and guidance regarding job search strategy and which offer to take (we have helped numerous US associates in such situations, including helping them negotiate their comp packages).


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    WikiLeaks documents leaked again : Views and <b>News</b> from Norway

    “I have no comment on how we secured access to the documents,” Aftenposten's news editor Ole Erik Almlid told DN. “We never reveal our sources, not in this case either.” DN also reported that WikiLeaks spokesman Kristinn Hrafnsson had ...

    <b>News</b> Conference by The President | The White House

    News Conference by The President. South Court Auditorium, Eisenhower Executive Office Building. 4:16 P.M. EST. THE PRESIDENT: Hello, everybody. Good afternoon. I know everybody is itching to get out of here and spend some time with ...

    Rihanna joins the Dance Central Xbox 360 <b>News</b> - Page 1 | Eurogamer.net

    Read our Xbox 360 news of Rihanna joins the Dance Central.


    bench craft company scam

    Wednesday, December 22, 2010

    Making Money Online With

    CNBC released a brand new iPad app late Monday, delivering the first truly useful, real-time market updates dashboard for the device.

    The free app is cleverly organized for quick access to the latest information on the markets, including real-time stock quotes and charts from the New York Stock Exchange (NYSE) and NASDAQ, as well as articles and videos from CNBC.com. Users can customize the dashboard to keep track of their individual portfolios and save articles (although not videos) for later offline viewing. A news ticker (which can be customized to track certain industries or personal portfolios) runs along the bottom of the app, making it easy to catch relevant breaking news as users navigate through the different sections.

    Users can also watch highlights from CNBC’s more popular shows, including Mad Money and Fast Money.

    It makes Fox Business’s [iTunes link] and Bloomberg’s [iTunes link] iPad apps, which have a 15-minute reporting delay on stock quotes, look primitive by comparison.

    Only two things are lacking: streaming access to CNBC’s live TV content and better social integration. Admittedly, finance is not a popular topic of discussion on social networks currently; however, the growth of online social communities like Stocktwits may very well reverse this trend. We’d love to see sharing options for Facebook and Twitter, live commenting functionality on videos and articles, as well as live, stock-related tweets from Stocktwits’s API.

    Check out CNBC’s app for yourself in the screenshot gallery below, as well as in the App Store [iTunes link].

    CNBC Real-Time for iPad

    style="display:none" class="gallery_id">481 style="display:none" class="post_id">463361 style="display:none" class="gallery_type">photo class="ytm-view-type">View As One Page »

    Ok Go Explains There Are Lots Of Ways To Make Money If You Can Get Fans

    from the everything's-possible dept

    Over the last few years, we've covered many of the moves by the band Ok Go -- to build up a fanbase often with the help of amazingly viral videos, ditch their major record label (EMI), and explore new business model opportunities. In the last few days, two different members of Ok Go explained a bit more of the band's thinking in two separate places, and both are worth reading. First up, we have Tim Nordwind, who did an interview with Hypebot, where he explained the band's general view on file sharing:


    Obviously we'd love for anyone who has our music to buy a copy. But again, we're realistic enough to know that most music can be found online for free. And trying to block people's access to it isn't good for bands or music. If music is going to be free, then musicians will simply have to find alternative methods to make a living in the music business. People are spending money on music, but it's on the technology to play it. They spend hundreds of dollars on Ipods, but then fill it with 80 gigs of free music. That's ok, but it's just a different world now, and bands must learn to adjust.

    Elsewhere in the interview, he talks about the importance of making fans happy and how the band realizes that there are lots of different ways to make money, rather than just selling music directly:

    Our videos have opened up many more opportunities for us to make the things we want to make, and to chase our best and wildest ideas. Yes, we need to figure out how to make a living in a world where people don't buy music anymore. But really, we've been doing that for the last ten years. Things like licensing, touring, merch, and also now making videos through corporate sponsorship have all allowed us to keep the lights on and continue making music.

    Separately, last Friday, Damian Kulash wrote a nice writeup in the Wall Street Journal all about how bands can, should and will make money going forward. In many ways the piece reminds me a bit of my future of music business models post from earlier this year -- and Kulash even uses many of the same examples in his article (Corey Smith, Amanda Palmer, Josh Freese, etc.). It's a really worthwhile read as well. He starts by pointing out that for a little over half a century, the record labels had the world convinced that the "music" industry really was just the "recorded music" industry:

    For a decade, analysts have been hyperventilating about the demise of the music industry. But music isn't going away. We're just moving out of the brief period--a flash in history's pan--when an artist could expect to make a living selling records alone. Music is as old as humanity itself, and just as difficult to define. It's an ephemeral, temporal and subjective experience.



    For several decades, though, from about World War II until sometime in the last 10 years, the recording industry managed to successfully and profitably pin it down to a stable, if circular, definition: Music was recordings of music. Records not only made it possible for musicians to connect with listeners anywhere, at any time, but offered a discrete package for commoditization. It was the perfect bottling of lightning: A powerful experience could be packaged in plastic and then bought and sold like any other commercial product.

    But, he notes, that time is now gone, thanks in large part to the internet. But that doesn't mean the music business is in trouble. Just the business of selling recorded music. But there's lots of things musicians can sell. He highlights Corey Smith and Smith's ability to make millions by giving away his music for free, and then touring. But he also points out that touring isn't for everyone. He covers how corporate licensing has become a bigger and bigger opportunity for bands that are getting popular. While he doesn't highlight the specific economics of it, what he's really talking about is that if your band is big, you can sell your fan's attention -- which is something Ok Go has done successfully by getting corporate sponsorship of their videos. As he notes, the sponsors provide more money than the record labels with many fewer strings:

    These days, money coming from a record label often comes with more embedded creative restrictions than the marketing dollars of other industries. A record label typically measures success in number of records sold. Outside sponsors, by contrast, tend to take a broader view of success. The measuring stick could be mentions in the press, traffic to a website, email addresses collected or views of online videos. Artists have meaningful, direct, and emotional access to our fans, and at a time when capturing the public's attention is increasingly difficult for the army of competing marketers, that access is a big asset.



    ...



    Now when we need funding for a large project, we look for a sponsor. A couple weeks ago, my band held an eight-mile musical street parade through Los Angeles, courtesy of Range Rover. They brought no cars, signage or branding; they just asked that we credit them in the documentation of it. A few weeks earlier, we released a music video made in partnership with Samsung, and in February, one was underwritten by State Farm.



    We had complete creative control in the productions. At the end of each clip we thanked the company involved, and genuinely, because we truly are thankful. We got the money we needed to make what we want, our fans enjoyed our videos for free, and our corporate Medicis got what their marketing departments were after: millions of eyes and goodwill from our fans. While most bands struggle to wrestle modest video budgets from labels that see videos as loss leaders, ours wind up making us a profit.

    Of course, that only works if you have a big enough fanbase, but that doesn't mean there aren't things that less well known bands can use to make money as well. He talks about an up-and-coming band in LA that doesn't even have a manager that was able make money:

    The unsigned and unmanaged Los Angeles band Killola toured last summer and offered deluxe USB packages that included full albums, live recordings and access to two future private online concerts for $40 per piece. Killola grossed $18,000 and wound up in the black for their tour. Mr. Donnelly says, "I can't imagine they'll be ordering their yacht anytime soon, but traditionally bands at that point in their careers aren't even breaking even on tour."

    The point, Kulash, notes, is that there's a lot of things a band can sell, focusing on "selling themselves." And, the thing he doesn't mention is that, when you're focusing on selling the overall experience that is "you" as a musician or a band, it's something that can't be freely copied. People can copy the music all they want, but they can't copy you. "You" are a scarce good that can't be "pirated." That's exactly what more and more musicians are figuring out these days, and it's helping to make many more artists profitable. And, no, it doesn't mean that any artist can make money. But it certainly looks like any artist that understands this can do a hell of a lot better than they would have otherwise, if they just relied on the old way of making money in the music business.



    41 Comments | Leave a Comment..



    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam

    Fox <b>News</b> Dubs Elie Wiesel &#39;Holocaust Winner&#39;

    shitlox news........are we morons........you decide? right wingnut garbage...delivered in a carnival barker style ! Reply. 5. 6. Flag as Offensive. Seems fair on Dec 22, 2:03 PM said: Since it never happened. Who cares? ...

    Bad <b>news</b> from freed detainee: The Jews used witchcraft on me at <b>...</b>

    Bad news from freed detainee: The Jews used witchcraft on me at Gitmo.

    Wait, WTF? CIA Forms WikiLeaks Task Force (Get It?) - AOL <b>News</b>

    The Central Intelligence Agency has launched a task force to investigate the impact of WikiLeaks and its massive release of U.S. diplomatic cables. Officially, the unit is called the WikiLeaks Task Force, or WTF, which, um, also happens ...


    bench craft company scam