‘Bohemian Bankruptcy’ video. This is going viral

Tip: The Big Picture

Floating airport with underwater train to shore. What could go wrong with that?

Look, as anyone knows who reads this blog, I like out-of-the-box ideas and fresh approaches. But a four-tiered floating airport with runways on the roof sited ten miles out in the ocean off San Diego with underwater trains to shuttle people seems just a teensy bit over the top to me.

The developers say [...]

Citigroup raises credit card interest to 29.99%. Greedheads or desperation move?

Mish details how the greedhead move by Citi (and other credit card companies, see the comments to the post) in raising credit card interest rates for many to 29.99% for no reason may be due to their deteriorating financial positions rather than their usual avarice and contempt for customers.

Someone forgot to tell DJ and his wife there’s a recession going on

Their goat milk cheese business is growing so fast they just got a 150 gallon pasteurizer / cheese vat to replace the 8 gallon one they had.

Read all about it on DJ’s new JackRabbit Cheese blog.

PS Their cheese is delicious.

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Former Masters of the Universe want to become Street Fighting Men

Wall Streeters can get special lessons in “How To Kill” at an upcoming Vegas seminar.

I guess they’re feeling like targets lately, what with the rising tide of populism and anger against them. And to think they used to be Masters of the Universe. In a forgotten era long ago, they once were actually [...]

Ocean currents generate power via underwater kites

The Deep Green underwater turbine captures the power of the ocean just like a kite in wind.

6 more banks went splat today

That puts this year’s toll already over 100.

But don’t you worry about a thing. The government tells us everything is just fine.

Update: make that 7 banks.

Huge marijuana bust and drinking bong water (Eeew)

24,500 marijuana plants were found in 50 converted homes in northern California, after a long investigation. The growers paid several hundred thousand each for the homes, so this obviously was high level organized crime. I wonder, was the price of the home just a minor expense, or maybe they put a little money down [...]

Fairly Unbalanced: Why not attack Fox?

Marc Cooper

I have no problem with the White House stepping aside from the fiction that Fox News is just some regular old news network and is not, in fact, a blatantly partisan and blatantly anti-Obama propaganda machine. Let me be clear also in saying that Fox has the perfect right to be that [...]

No, the banks have no shame

My father listened to the news on Wall Street bonuses and asked me “have they no shame?“. No dad, they have no shame.

Bernanke says there’s no rush on regulating credit cards. Because that would unduly distress the banks. Can’t have that happening.

Funny, I thought it was supposed to be government of, by, [...]