Sorry I'm late, guys, but I actually caught somebody trying to steal $11,000 from me this morning. Bizarre. The balls on some people. Here we go:
1) ‘Rogue trader’ Jérôme Kerviel loses appeal (France24) - Poor, poor Jerome. Looks like he's gonna do three years and cough up five billion after all.
2) Robin Hood tax gains traction in Europe (CNN Money) - They're referring to a transaction tax on trading, an idea that is being kicked around on this side of the pond as well. It'll be interesting to see if this idea catches on. I don't particularly subscribe to the view that HFTs provide a huge social benefit through increased liquidity, and it wouldn't break my heart to see them lose some influence in day to day fluctuations.
3) Catarina Migliorini Sells Virginity For $780,000; Male Virgin Alex Stepanov Gets $3,000 (Huffington Post) - Okay, so she's 9ish and she's doing it for a good cause, but almost a million bucks? C'mon, man! Somebody please explain the ROI here. Women really are sitting on a goldmine.
4) How to Crash an Economy and Escape the Scene (Bloomberg) - It's nice to see Bloomberg take the banks to task instead of Rolling Stone all the time. Nice piece about how there are zero consequences to destroying the economy.
5) Rare Jobs documentary highlights early days of NeXT (Apple Insider) - This is a really cool documentary with a young Steve Jobs after he was ousted from Apple and went on to found NeXT Computers (some of which are still in use today). Pretty wild to see how this guy's mind worked.
6) A Bandwidth Breakthrough (MIT Technology Review) - You're all gonna get to download your porn A LOT faster now thanks to the mathletes over at MIT. They managed to figure out how to increase wireless speeds up to ten times by using an algebraic formula. The coolest part? Doesn't require any new infrastructure. The same old wireless network you've been using for years is gonna take off like greased lightning.
7) Foreclosed family watches helplessly as craigslist crowds strip house bare (11 Alive) - Okay, I'm an asshole. But I couldn't help laughing the first time I read this story. Yes it's terrible that they had their family home foreclosed upon, and yes it's even worse that a ravaging mob took all their stuff, but what the hell do you expect when you put an ad like that on Craigslist???
8) How Shark Tank Is Changing Angel Investing (Entrepreneur) - I love Shark Tank, and I'm not the least bit surprised that their format for attracting talent is gaining traction across the country. This is a very good thing for the economy.
9) Introducing CrunchGov, TechCrunch’s Policy Platform (TechCrunch) - This is an idea whose time has come. Left to their own devices, the government can't wait to get their filthy mitts on the Internet. Citizens of the Net need their own advocacy group to keep the jackals at bay.
10) 9 College Majors, and What They Say About the Bros Who ‘Study’ Them (BroBible) - These are mostly regurgitated stereotypes with two exceptions: the first one and the last one (Econ and Finance, respectively). The guy is spot on when it comes to our type.
Video of the Week:
Wow. Somebody took the time to string together all the best This Is SportsCenter commercials. Thirteen minutes of 'em. You're welcome.
That's it for this week, fellas. I'm gone for the next month, so y'all be cool in the meantime.
How'd they attempt to steal 11k from you? Story time!
Nothing too Earth-shattering, really. Some knucklehead altered a check I'd written, and didn't even do a very good job of it. I caught it as soon as it hit the bank. Now he's looking at fraud, mail theft, and a bunch of other charges.
On #6, for those who don't download it, will it at least stream faster?
LOL. Fingers crossed...
Oh, SportsCenter...
3 - money in exchange for sex, public auction style? I'm a little annoyed with the human race that there's hunger in this world but people have $1MM to drop on a piece of ass, but the fact that life isn't fair and I don't have to be just reinforces the aggressive slash and burn attitude I have taken up lately towards my employment situations. So it's not all bad.
8 - I'd like to think the format of Shark Tank might change investing in general. Investing has become more prominent than actual capitalism (aka, actually do REAL WORK, save up, reinvest, and build a business) and I think a lot of bankers, fund managers, and other investors have done a pretty thorough job of shitting themselves into thinking that they are "entrepreneurs". They're also incredibly fixated on security and pedigree over actual results. It's unmeritocratic and laughably pathetic, especially given the poor results of our economy for decades. Given the huge pools of undeployed capital at present ($1.5TT+ if I'm not mistaken), I think that this is a good template that private industry can work off of to jumpstart growth. Business is supposed to be the proactive player in the business/gov't dynamic, and if we as a society resort to taxing wealth to create jobs, I see it as business's failure to keep control of that domain through constructive means. REAL capitalism isn't plugging multiples into excel, it's using one's head to see an opportunity and then jumping on it. The alternative is return to the 'trustbusting' ethics of a past age: ultimately, Americans are rebellious folk who aren't going to kneel before an overlord for very long before they take matters into their own hands. This is a warning and also an opportunity.
I've been thinking about this for a few weeks: is there a way to take the Shark Tank format and bring it to the public? Serve as an interface between corporate treasuries / fund managers and small businesses? I'm thinking along the lines of the the US Open: just show up and if you're good you'll get somewhere. Completely meritocratic and the most American thing I can think of. And it WORKS. Eddie, you're a fan of lending tree, any insight into this line of reasoning?
As an aside: I also like Shark Tank because it's probably most people's first exposure to driving a harder bargain for themselves. In a non-bartering culture with fixed prices, the average person isn't taught one of the fundamentals of market economics: negotiating a better deal for one's self. We are taught from day one to accept the notion of fixed paygrades, fixed hours, and fixed income...and it's unnatural. I love when some hotshot small business owner tells Marc Cuban "HELL NO" and twists his arm towards better terms. THAT'S something we've definitely not been taught in the McMoron's education system in the US, and I'm really glad to see it hitting mainstream. Fight back and get yours. Hell, I learn a lot from that show, I'm a huge fan....even if the panel is generally cheesy as hell.
Panooch scales for a long, long time before it reaches market saturation. Like, parabolic scaling. Hockey sticks and shit. Just sayin'.
That just reinforces the mantra that everything males achieve in life, they do it for the opposite sex. Although 1mm on a semi attractive piece of ass, not the best investment decision.
Does everyone really find her that attractive?
I'd assume that there is some contingency on this. Like the money is in an escrow account until the deed is done. The website probably takes a portion of the proceeds, so they need access to the funds as well.
The most interesting thing about this whole thing is that anyone would be willing to pay that much for her. I could pick out a handful of chicks on my way to lunch that looked better than her??? I guess she just isn't my type.
Ever look at old Roman emporers and think "wow, they were crazy, and the people of that time were crazy". Look at our own times through that lens and you'll see nothing has changed. Technology advances, but what the human animal does in certain settings does not.
That's just what I see, maybe I'm wrong.
How can they expect a guy to repay $4.9 billion euros? SocGen will never see that money, and it will destroy him financially for the rest of his life.
On the virginity thing...I wouldn't wanna see what this dude does when he takes her virginity. Dude is Japanese, and we all know how freaky their porn is. Plus he probably couldn't find anyone to have sex with the way he wanted...that's prob bad....
Also it stipulates no kissing, but like everything else is ok. And no one can be drunk....that would ruin it for me if I was peddling my hot ass on that site. Having sex with a 90 year old heifer for $1mm isn't as bad when you're blackout.
Japanese..... poor girl doesn't know what she got herself into.... this guy is gonna try to run a Bukakke on her.
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