• Irish Boy Band
    Posted by on November 3rd, 2007 at 11:50 am

    This is U2’s first television appearance from March 1978. Bono is 17. Larry and The Edge are 16. Adam is the oldest, either 17 or 18.

  • Euler’s Constancy
    Posted by on November 3rd, 2007 at 11:42 am

    Here’s John Derbyshire on Leonhard Euler.

  • Jim Rogers Unplugged
    Posted by on November 2nd, 2007 at 1:16 pm

    Gotta love Jimmy. He calls Bernanke “a nut.”

  • Frontier Airlines Snubs Boston
    Posted by on November 2nd, 2007 at 11:30 am

    I’ve been long Frontier Airlines (FRNT) for longer than I can to remember. The investment hasn’t worked out well, but I was glad to see their team spirit.

    Frontier Airlines sent a kooky message to its passengers and the Colorado Rockies this week with a print advertisement reading, “Now you know why we don’t fly to Boston. Thanks for the best season ever.”
    The ad played on the fact that Boston is the largest U.S. market Frontier doesn’t fly to. It was also “a message to the Rockies – ‘We got your back,”‘ Frontier spokesman Joe Hodas said. “It was a tough (World) Series, but we appreciate all you’ve done.”
    Frontier is the official airline of the Colorado Rockies and negotiated to air the World Series games in flight.

  • Headline of the Day
    Posted by on November 2nd, 2007 at 8:06 am

    From Forbes:

    Somehow Exxon Loses Money

    Forbes is using “loses” in the widest possible sense. In this case, it refers to a gain of $9.4 billion.

  • Best Stocks of the Past Decade
    Posted by on November 1st, 2007 at 10:41 am

    MarketWatch lists the best-performing stocks of the last decade.
    Company……………………Cumulative gain (%)
    Chico’s FAS (CHS)…………..3,790.889
    Apple (AAPL)………………….3,504.444
    Frontier Oil (FTO)…………….2,367.556
    Oshkosh Truck (OSK)……….2,153.455
    Clean Harbors (CLHB)………1,995.059
    Echostar (DISH)………………1,870.947
    Gilead Sciences (GILD)……..1,816.260
    American Eagle (AEO)………1,737.162
    Holly Corp. (HOC)…………….1,706.189
    XTO Energy (XTO)…………….1,629.161
    What would you have thought if someone told you to load up on Oshkosh Truck (OSK) ten years ago?

  • Sign of a Top?
    Posted by on November 1st, 2007 at 10:37 am

    Peking roast duck chain kicks off IPO
    Hmmm. I better buy it just in case it goes up.

  • Jimmy Cayne’s Priorities
    Posted by on November 1st, 2007 at 10:25 am

    Found buried within a WSJ article on Bear Stearns’ CEO Jimmy Cayne:

    Attendees say Mr. Cayne has sometimes smoked marijuana at the end of the day during bridge tournaments. He also has used pot in more private settings, according to people who say they witnessed him doing so or participated with him.

    C’mon Rupert. This stuff should lead.
    (Hat Tip: Joe Weisenthal)

  • Banking Industry On Hard Times
    Posted by on October 31st, 2007 at 2:31 pm

    The Onion:

    The banking industry is being hit hard by the subprime loan collapse. Bank of America laid off 3,000 workers and Merrill Lynch posted its first quarterly loss in six years. What are banks doing to make up the loses?
    Increasing ATM fees to $601.95
    Coffee temperature turned way down
    Launching paid subscription websites featuring hilarious and/or deadly bank robbery videos
    Limiting branch hours to noon until 12:15
    Taking anything valuable from safe deposit boxes that appear not to have been opened in a while
    For fee, will open cash vaults for money-bathing purposes
    Charging more for crisp bills
    So long as CEOs continuing to make shitloads, not too much

  • Fed Cuts by 0.25%
    Posted by on October 31st, 2007 at 2:01 pm

    Here’s the statement:

    The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/2 percent.
    Economic growth was solid in the third quarter, and strains in financial markets have eased somewhat on balance. However, the pace of economic expansion will likely slow in the near term, partly reflecting the intensification of the housing correction. Today’s action, combined with the policy action taken in September, should help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets and promote moderate growth over time.
    Readings on core inflation have improved modestly this year, but recent increases in energy and commodity prices, among other factors, may put renewed upward pressure on inflation. In this context, the Committee judges that some inflation risks remain, and it will continue to monitor inflation developments carefully.
    The Committee judges that, after this action, the upside risks to inflation roughly balance the downside risks to growth. The Committee will continue to assess the effects of financial and other developments on economic prospects and will act as needed to foster price stability and sustainable economic growth.
    Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Charles L. Evans; Donald L. Kohn; Randall S. Kroszner;
    Frederic S. Mishkin; William Poole; Eric S. Rosengren; and Kevin M. Warsh. Voting against was Thomas M. Hoenig, who preferred no change in the federal funds rate at this meeting.
    In a related action, the Board of Governors unanimously approved a 25-basis-point decrease in the discount rate to 5 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of New York, Richmond, Atlanta, Chicago, St. Louis, and San Francisco.