June 2009
14 posts
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The Feast Salon
Yesterday I attended alldaybuffet’s The Feast Salon and was quite inspired by all aspects of the event.
First – The space: MEET at the Apartment.
Located at 101 Crosby Street, Meet is a highly stylized loft created to provide an intimate space to hold events and business meetings. It is “intuitively outfitted with idea-generating essentials,” and is really just beautiful. What a great concept,...
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the five longest prison sentences for a...
845 years - Sholam Weiss, 2000 Crime: Wire fraud and money laundering, which led to failure of National Heritage Life Insurance company. Also fled the country but was apprehended. He was convicted of 78 counts of racketeering, wire fraud, and money laundering. Amount: $450 million
740 years - Keith Pound, 2000 Crime: Weiss’ right hand man in the scheme to defraud National Heritage Life...
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Spotlight on: Van Jones
I’ve been meaning to write about this guy since I saw him speak at a business conference back in March. I just finished reading his book The Green Collar Economy.
Van Jones is the voice of the green collar economy, promoting green jobs as the cure for our economic, socioeconomic and environmental problems. What’s a green-collar job? Jones describes it as “a family supporting...
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Come on, Let's Get Happy!
Turns out, we may not be able to. I just read this really great book called Happiness: The Science Behind Your Smile, by David Nettle, which explores what makes people happy and unhappy. It was really quite interesting, a little scientific at parts, but overall pretty eye opening.
Here’s what I learned from this book.
People will never be completely happy. It is in our nature to look at...
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Tuesday TARP Day
The big news of today was all about the repayment of the TARP funds.
If you recall, the Troubled Asset Relief Program was part of the $700 billion Bailout Plan whereby the government saved our troubled banks by injecting about $200 billion in return for equity shares. That was back in October 2008 and initial estimates held that only about $25 billion would be repaid in 2009.
But today 10 banks...
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Watchfriends over at goodeater.org created a food scare timeline. scary! a comprehensive list of recalls is also available on the fda website.
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0.000000435%
is roughly the percent of GM that we each own.
$362 is what each of us paid for that equity stake.
That’s because $50,000,000,000 is the total amount the US Treasury has spent of GM’s survival. (That’s $30.1 billion for 60% of New GM’s equity + $20.6 billion that we spent trying to keep them out of bankruptcy.) And that’s just the beginning of it.
So $83,000,000,000 is what New GM would have to be...
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they're all gonna laugh at you, they're all gonna...
You may have heard that Geithner, the US Secretary of Treasury, went to China this week to assuage the Chinese government’s concerns about US Treasury securities. See, China is one of the largest buyers of US Treasury securities, owning over trillions of dollars of government bonds. We rely on them to buy more bonds in order to strengthen our budget, but they’re concerned about the value of their...
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