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While I would much prefer whatever legislation our government is on the verge on enacting be called a bailout plan rather than a rescue package, I think it’s pretty obvious that the bottom line is that something needs to be done.
Initially, I really wanted our government to do nothing and let capitalism stand true [...]

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During this week, we saw a 158 year old investment bank file for Ch. 11, another ended it’s 94 years of independence, America’s biggest insurer getting bailed out and entering the federal conservatorship, gold making it’s biggest 1 day move in history, the credit crisis spread outside the financial industry and a huge panic in [...]

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Congratulations to Roger Federer on his 13th career singles grand slam title. Only 1 more to tie and 2 more to top Pete Sampras’ record 14 grand slam title!!

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I used to love watching NBA basketball. While I must admit that basketball has not been the same after a few heartbreaks from my beloved Mavs, I came to a shocking realization today - I actually enjoy watching basketball in the late 90s (when the Mavs sucked) than in the last few years. While I [...]

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I’m sure you know that it’s out there. I just watched the WWDC keynote address from yesterday. Let me get this out in the open first - Instinctively, I want the iPhone 3G. There was little doubt in me whether or not Apple was going to deliver a great successor to the iPhone, but I [...]

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Crude oil settled above $133/barrel today in trading. American Airlines are going to start charging for the first checked bag (I really want to know why they didn’t just choose to raise their fares across the board by $15 rather than giving everyone a reason to hate them). While in Washington, “irate senators” brought in [...]

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I have had this theory ever since I watched the referees tear apart the Dallas Mavericks two years ago. But now after watching this whole Chauncy Billups clock issue at the end of the first half in game 2 of the Eastern Semifinals against Orlando, this is pretty much indisputable to me.
I don’t really care [...]

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The chart above marks the performance of a company whose CEO made $132mil last year on pay and stock sale. The company? None other than Countrywide Financial.
Here’s an excerpt from the article:
A securities filing shows Countrywide Financial Corp. CEO Angelo Mozilo earned some $10.8 million in total compensation and cashed out $121.5 million in [...]

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An article in the Wall Street Journal today calls for Americans to start stocking up on food as a mean of “investment” with the simple analysis that food prices have gone up higher than the interest rate. Here’s an excerpt:
Stocking up on food may not replace your long-term investments, but it may make a sensible [...]

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