General Motors and Rick Wagoner's $20 Million retirement package. - 03/30/09 03:04 PM
In May 2008 in the midst of record oil prices, I blogged about General Motors and questioned why GM failed to aggressively market and promote their electric car, the EV1.
I also asked why General Motors refused to allow the drivers of the EV1 to purchase their cars at the end of their leases, and why these vehicles were physically destroyed by General Motors?
Fast forward to March 29, 2009 - Rick Wagoner resigns as the CEO of GM under pressure from the Obama administration. Wagoner had previously stated that the worst decision of his tenure at GM was "axing the … (20 comments)

Sarah Palin picks homophobic attorney general - 03/30/09 11:13 AM
Governor Sarah Palin has appointed Anchorage attorney, Wayne Anthony Ross as Alaska's attorney general. 
Palin stated that "with his vast legal knowledge, experience and integrity, he will make an exceptional attorney general."
Ross is the very same attorney who referred to gays as "immoral" and "degenerates" in a letter her wrote several years ago to the Anchorage Bar Association newsletter. This was in opposition to an anti-discrimination ordinance being supported by several Anchorage lawyers who were advocating gay rights.
The fact that Palin chose such an individual as Alaska's attorney general is not surprising given her comments on gay rights and … (14 comments)

Candy Spelling tells how she chose her Realtor - 03/27/09 11:27 AM
In August 2008 I blogged about Candy Spelling and her $150 Million Mansion ("The Manor") in Holmby Hills, Los Angeles.
Now that Mrs. Spelling has purchased a $47 Million, 16,000 sq ft penthouse in Century City, she is selling the home she lived in with her late husband, Aaron Spelling.
It was interesting to read how she chose a Realtor to list her property ....
Candy Spelling told The Associated Press that "she let her dog Madison, a soft-coated Wheaten Terrier, help pick out the best real estate agent for the task. She had her security bring the dog into … (5 comments)

Wordle.net - 03/24/09 11:49 PM
Have you seen this site: www.wordle.net?

Wordle, an online toy created by a senior software engineer at IBM Research (Jonathan Feinberg), creates "word clouds" - an image of the words contained in a body of writing.
Wordle.net highlights the frequency of every word in the text being used, and provides a graphic for the user.
Apart from the fun aspect of Wordle, I believe this site can be used as a resource for anyone blogging, advertising, or writing with emotive language.
Take a look at the site and let me know what you think ......
… (1 comments)

Goldman Sachs - Arms-length Business or Competitive Advantage? - 03/24/09 09:25 PM
One can't help questioning the "connections" & "linkages" of the "Wall Street Types" making decisions pertaining to the Troubled Asset Relief Program (TARP).
Congresswoman Maxine Walters (D-California, 35th District) was right on the mark when she questioned Tim Geithner at a congressional hearing on March 24, 2009.
She asked what many of us want to know: Just how much influence does Goldman Sachs have over the bailout program?

… (4 comments)

Stylish & Sophisticated 2 Bed 2 Bath Condo in unique mid-century building - 03/24/09 01:35 PM
… (2 comments)

Why is Goldman Sachs rushing to repay the bailout money it received? - 03/24/09 01:25 PM
This week the New York Times featured an article about Goldman Sachs rushing to repay the bailout money it received from TARP.
According to Llyod C Blankfein, CEO of Goldman Sachs, the firm may actually repay the funds within a month, far sooner than he originally indicated.
I'm curious as to why .... what is the real motivation?
There could be several reasons for repaying the money as soon as possible: It may be the 5% interest being charged on the borrowed funds, or it could be the perception that TARP recipients aren't financially sound. A further rationale could be that banks … (6 comments)

The madness continues at Citigroup - 03/20/09 03:50 PM

The recipients of bailout funds continue to act with arrogance and total contempt for the American Taxpayer. They have no regard for public sentiment and are clearly indifferent to reality.
Remember how Merill's John Thain spent over $1,2 Million renovating his office and then wanted a $10 Million bonus for 2008 despite the near collapse of Merrill Lynch?
Remember how the Chief Executives from GM, Chrysler and Ford flew into Washington on their private jets seeking taxpayer funds?
Remember how AIG went ahead with a $400,000 luxury retreat while receiving billions of taxpayer money?
Well that craziness hasn't ended ....
Citigroup, … (6 comments)

Ford's electric car to be available in 2011 - some good news in the auto world - 03/20/09 02:18 PM
Did you know that Ford has a "ready made" electric car that will go on sale on 2011?
The Ford Motor Company has partnered with Canada-based Magna International, one of the leading automotive component companies in the world, to develop an entirely electric car.
Ford's electric car will not be a hybrid - it won't use gasoline, but will be totally powered by a charged battery that is expected to achieve 100 miles per charge.
… (4 comments)

What do AIG and Goldman Sachs have in common? - "Connecting the dots" - 03/17/09 10:46 AM
Did you know that Henry Paulson, George Bush's Treasury Secretary, was the ex CEO of Goldman Sachs?
Did you know it was Paulson who led a team of regulators and bankers in early September 2008 to determine what to do with the most severely wounded financial institutions and that one of the participants in those meetings was Lloyd C. Blankfein, Paulson's successor at Goldman Sachs?
It was this team of advisers who recommended that Lehman Brothers, a competitor of Goldman Sachs, be allowed to fail.
The same team of advisers recommended that AIG be bailed out with taxpayer funds. It is … (7 comments)

"Judge Judy" on "Larry King Live" - Provocative and thought provoking - 03/16/09 11:22 PM
Judge Judy (Judy Sheindlin) is a wonderfully entertaining personality. More importantly, she has a brilliant and logical mind. 
Judge Judy tells it like she sees it while explaining her logic and rationale - so I was interested to hear her opinion on a number of subjects put to her by CNN's Larry King.
AIG and bonuses: The justification for the millions of dollars paid out is bonuses is that the recipients had contracts. But surely their contracts were based on profits not losses. Judge Judy asks why civil servants, like employees of the DMV are forced to take days off without … (5 comments)

John Stewart vs. Jim Cramer - mad at "Mad Money" - 03/14/09 01:38 PM
John Stewart is one of the smartest comedienes around. His take on real world events (important stuff that effects us all) gives weight to the quotation that "many a truth is said in jest".
The recent showdown between Jon Stewart and Jim Cramer on "The Daily Show" highlighted the fact that Cramer's "Mad Money" show was nothing more than a ratings driven escapade, mocking the very audience it claimed to enlighten. There are disturbing video clips that question Cramer's ethics and credibility. I'm not a lawyer, but some of what Cramer said (and did) appeared to blur the boundary of what's … (13 comments)

GOP - The Party of No - 03/13/09 07:39 PM
Today I discovered a great page on the Democratic Party's website.
It's a concise summary of the Republican Party's approach of 'just saying no' to the various initiatives and proposals put forth by President Obama. (Once on the page, click on each person's face to hear what they have to say for themselves).
The page features House Minority Leader John Boehner (R-Ohio), House Minority Whip Eric Cantor (R-Va) and Senate Minority Leader Mitch McConnell (R-Ky).
"Instead of petty politics and empty obstructionism, Republicans in Congress should either support the president’s budget or present their own plan to create jobs, fix our … (10 comments)

Apple introduces new iPod - "Small Talk" - 03/11/09 04:36 PM
Anyone who reads my Blog knows I'm a big fan of Apple products.
From their iPhone to their iMac, I think their technology supersedes all other brands.
I was therefore curious to see their newest iPod Shuffle which was launched today.  The "world's smallest music player" sells for $79 and should hold about 1000 songs. … (4 comments)

California Supreme Court to hear arguments on Proposition 8 - 03/03/09 11:10 AM
Starting on March 5, 2009 the California Supreme Court is set to hear arguments on Proposition 8 - the controverial November 2008 ballot that changed the California State Constitution to ban same-sex marriage, effectively prejudicing same-sex couples wanting equal rights enjoyed by heterosexual couples.
In addition to hearing challenges to Proposition 8, the court will consider the fate of 18,000 same-sex marriages that occurred before the November election.
According to The Los Angeles Times: "Forty-three groups representing civil rights activists, legal scholars, labor unions, bar associations, state legislators and religious organizations have filed written arguments asking that Proposition 8 be overturned. Twenty … (8 comments)

 
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Stewart Penn - DRE# 01339266

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