1) How to Create a Million-Dollar Business This Weekend (FourHourWorkWeek.com) - In honor of Steve Jobs passing this week, I thought I'd start the Bonus Bananas with a inspiring article about becoming an entrepreneur in your spare time and creating the life you want to live. I think Steve would approve.
2) Quotes from late Apple founder Steve Jobs (Reuters) - These are some great quotes from the man himself about life, business, and the value of hard work. My favorite?
"Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma -- which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice."
3) Top 10 Cities for Young Entrepreneurs 2011 (Under 30 CEO) - I thought I'd round out the top 3 with a Top 10 list. I was pleasantly surprised to find my home town of New Orleans ranked #1 on the list. It's true: if you've got the least little bit of ambition, NOLA is the place to be. The bar for achievement there is set so low you can clear it in street shoes. I started a yacht services company from scratch there, and it was the 3rd largest by sales volume in the state (out of more than 50) in less than two years.
4) Amazon, the Company That Ate the World (BusinessWeek) - This is one of the best articles about Amazon ever written. With the introduction of the Kindle Fire, movie streaming, cloud storage, and the fact that they already run the world's largest department store, Amazon appears poised to take over the way we do retail business as a species.
5) Fit Finder Matches Men to Their Perfect Shirt (LifeHacker) - I had the freak guy with the 10-inch drop in mind when I posted this one. If you've got a hard-to-fit body type, check out Fit Finder to find the perfect shirt. Available as a web page or an app.
6) Former Merrill Lynch CEO John Thain says Wall Street didn't fight hard enough to save Lehman Brothers (NY Post) - I've been sitting on this one for a while, but it seemed appropriate as we passed the 3-year anniversary of Lehman's collapse. It's not the notion that Wall Street should have fought harder to save Lehman that makes this article interesting, it's the fact that the guy saying it almost singlehandedly destroyed Lehman's chances at salvation by stepping into the negotiations and wooing away Bank of America to save his own skin. Don't get me wrong, I've got nothing but respect for Thain - he's straight gangsta. But maybe someone else should've made the point? Maybe??
7) Foreclosure Hits Nearly Paid Off Home (NBC Los Angeles) - This one is likely to chap your ass just a bit. Raymond Bernstein lived in his home for 25 years and was just $37,000 away from having it paid off when his mortgage lender was bought by Citibank. His automatic payments (which had been set up for years) continued to go to the wrong place, and Citi eventually foreclosed. And who got the $218,000 in equity when the house was sold at auction for $255,000? Why, Citibank of course! Did I mention the guy has an autistic kid?
8) Christie Says No to White House Bid, Ends Resurgent Speculation (Yahoo! Finance) - So NJ Governor Chris Christie decided against a run in 2012. Which is probably for the best, because I'm guessing he deals with enough fat jokes as a sitting Governor. Quick question: if the GOP fails to unseat a President with a 41% approval rating and continued unemployment, will they just cease to exist as a party?
9) Obama impeachment a possibility, says Ron Paul (Politico) - The GOP might not have to unseat Obama if Ron Paul is right. The long shot Presidential candidate is suggesting that the extrajudicial assassination of Al Qaeda leader and American citizen Anwar al-Awlaki could be an impeachable offense.
10) Secret panel can put Americans on "kill list" (Reuters) - And this is what's at the heart of Ron Paul's issue. It's not that al-Awlaki was some great guy, it's that we don't kill American citizens without a trial. Or at least we thought we didn't. Now apparently there's a Star Chamber who says it's A-OK. Have we really become a country where assasination and extra-judicial executions of fellow citizens are the rule of the day?
While we're on the subject of the 2012 election and the GOP, I thought I'd make the Video of the Week Dennis Miller's endorsement of Herman Cain. I've always enjoyed Miller, thought he was the best Weekend Update anchor in SNL history, and I consider him one of the last bastions of sanity on the right in the media. I don't think Herman Cain has a snowball's chance in hell of winning, but I respect Miller's going out on a limb for his guy. Let's face it: we could do worse for a President than a guy who figured out how to get a pizza to your door in 30 minutes or less. Just sayin'.
ML took BofA and now they're saying they didn't try hard enough. Irony.
Sometimes I like Ron Paul and sometimes... He didn't come out for George W. Bush's impeachment and the man did a whole lot worse. The Americans who died in Iraq didn't get a trial and died for their country and a few maniacs' concept of good foreign policy. I'm pretty Anwar al-Awlaki was aware of the consequences when he joined Al-Qaeda.
@GoodBread I often think that if Ron Paul promised to try Bush and Cheney for war crimes as his first act in office, he'd win by a landslide. I'd love to see a return to real conservatism in this country, and cut out the neocon cancer that has destroyed our nation's credibility on the world stage.
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Too bad it will never happen, especially considering all the other things whoever is in office has to worry about.
This one should have made the cut (but it wasn't ready at press time, as they say):
11) The Multibillion-Dollar Leak (Wall Street Journal) - A draft of the new Volcker Rule was leaked online late Wednesday that has bank lobbyists scrambling. The document dated September 30 was 200+ pages, and the big surprise in it was the potential impact it could have on bond desks. We've all known prop trading in equities and derivatives was going to be curtailed, but the proposal could make it impossible for bond desks to inventory bonds. Obviously the lobbyists are working around the clock to blunt the effects of the leaked proposal.
10 is well said. That's some scary shit right there.
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