Monthly Archives: May 2009
GM Toast, 100,000 Bondholders Burnt
Karl Denninger on GM going tits up… Apparently, about 975 of GM’s bondholders agreed to the restructuring they sought, holding just over 50% of the debt. The other one hundred thousand+ bondholders, including individuals who had their children’s college funds … Continue reading
Le Mans 24 Hours TV Schedule – 2 Films To Watch Now
The incomparable Steve McQueen in the 1970 flick “Le Mans“. McQueen was originally scheduled to appear in the other great racing film of that era, Grand Prix. Together with John Sturges, McQueen planned to make Day of the Champion, a … Continue reading
Is There A Doctor In The House?
Does anybody out there have any memory of the reason given for the establishment of the Department of Energy, during the Carter Administration? Didn’ t think so! We’ve spent several hundred billion dollars in support of an agency …. the … Continue reading
California Gets Real. Out Of Money, Arnold Calls Priceline Negotiator.
California now faces budget cuts “beyond draconian” One of the first targets is 200 state parks, already causing a public outcry as summer approaches. By Daniel B. Wood | Christian Science Monitorr Staff writer/ May 30, 2009 edition LOS ANGELES … Continue reading
Taxing Life
For the past eight years the world has been cooling. Sunspots are at a minimum unprecedented for 100 years. Meanwhile Congress is sharpening it’s knives to pass a massive Cap & Trade Bill, a bill which has a cost of … Continue reading
Lady Gaga not on Conan Tonight Show, Pearl Jam is.
But first a little Charlie Daniels…[Audio clip: view full post to listen] And you never did think that it ever would happen again. In America, did you? You never did think that we’d ever get together again. But we damn … Continue reading
1984 – The Spies Are Here
“Nearly all children nowadays were horrible. What was worst of all was that by means of such organizations as the Spies they were systematically turned into ungovernable little savages, and yet this produced in them no tendency whatever to rebel … Continue reading
Global Warming:- Prepare To Die
Aiyeeee! Climate change causes 315,000 deaths a year-report Thu, 28 May 2009 22:22:42 GMT 1000 GMT May 29) By Megan Rowling LONDON, May 29 (Reuters) – Climate change kills about 315,000 people a year through hunger, sickness and weather disasters, … Continue reading