| Decency Dealt a Blow: Gerald Rudolph Ford, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Score Card – Progress Meanwhile, Bush and company continue to ponder an | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Hello Dolly! The US FDA has big T tentatively deemed cloned meat and milk from cloned cows, goats, and pigs (no sheep?) and their offspring safe to eat. Rest assured there will be a lot of yelling and agonizing and we may never see other than clone free products in our supermarkets and meat markets, but measuring how a cloned animal is produced against one produced out in the barnyard, I’d opt for cloned products in a lab minute. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trans Fat. No, not the blood-stopping gunk used in French fries and other formerly delicious junk food, but Transfer Fat, the kind used to lure chief executives and other high-ranking officers to corporations. In the biz, it’s known euphemistically as a golden hello (a nice balance to the golden parachute that protects executives being ‘forced out,’ another euphemism, this one for ‘axed’), and believe me, these hellos are truly golden, running to tens of millions. They’ve been designed to shield corporate hopping executives from facing hardship as they move from palatial office to palatial office closing plants, shipping jobs offshore, and otherwise eliminating jobs of the working grunts who get what is known in the biz as the ‘shaft,’ an euphemism for screwed. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| SEC Sudoku? Three cheers for the SEC that has taken some perfectly unintelligible rules and regulations and turned them into an incomprehensible set of instructions. Now when you want to know how much the CEO of the company in which you have your hard-earned bucks invested, you don’t have a hope of finding out. Before, you could at least trick your mind into believing you might hire someone smart enough to figure it out. I wonder why simple disclosure and truth haven’t occurred to these overpaid bureaucrats and execs. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2008 Presidential Election Handicap *
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| That’s all for this week, my friends. Happy 2007! | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
A commentary of business, government, and odds and ends through an often peculiar looking glass.
Friday, December 29, 2006
Friday, December 22, 2006
Friday, December 15, 2006
| Score Card – Progress |
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| Yanqi, Si; With the cost of the Iraq war at $350 billion and increasing about $100,000 a minute, it seems odd that Homeland Security Department, citing lack of funds, is abandoning its face and fingerprint program for making sure visitors leave the US when they’re supposed to. Isn’t ‘people overstaying their welcome’ how this madness got started? |
| Meanwhile, Back at OPEC, it’s nice to know our ‘friends’ in the Middle East are reducing production to keep the price of oil from falling. I mean, haven’t they got enough of our money already? |
| And in case you were worried about the investment banks, Goldman Sachs racked up $35 billion in profits, which means a few $50 million bonuses for the rainmakers. Let’s see, with the Federal Minimum wage @ $5.15 per hour, it will take some poor working stiff 4,667 ½ years to make $50 million. If you make slightly more than the minimum wage, say a paltry quarter million per annum, you will have to work a mere 200 years. |
| Oh Crap! Peter Boyle, 1935-2006 |
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| Corporate/Government Crooks Update 1. Could the Interior Department’s Mineral Management Service be the next Enron-sized scandal? As of now, we have the Justice Department’s Public Integrity Section, which examines suspected criminal violations by federal employees, and the inspector general with the help of the FBI, looking into ineptitude, conflicts of interest and auditing oil and gas royalty payments. We’re talking billions baby, billions that we the people have to pay because the oil and gas companies, the ones making record profits off our backs, are screwing Uncle Sam, probably with Uncle Sam’s help. |
| That’s all for this week, my friends. Stay alert; don’t get uh, twisted! |
Friday, December 08, 2006
| Score Card – Progress |
| Fewer Rules, More Bars! Republicans heading into the sunset of oblivion are scurrying around trying to satisfy chits by passing legislation easing a bucket full of rules legislated post Enron’s collapse that govern American corporations. It’s not the rules, dummy; any corporation with smart lawyers can dance around rules. It’s the punishment! Cheat or defraud or lie, jail for ten years (not negotiable) plus one additional year for each $10 million pocketed after coughing up every cent of ill-gotten gains. |
| So This Radioactive Spy Goes Into a Bar... As Polonium poisoned radioactive former Russian spy Litvinenko is laid to rest in a specially sealed coffin in a forest-like area of London’s Highgate Cemetery, seven bartenders at the Pine Bar of the Mayfair Hotel on Grosvenor Square, the same bar where Litvinenko met two Russian colleagues (at least one of whom is now also ill from radioactive poisoning) immediately before falling ill, have tested positive for radioactive contamination. Two hundred and fifty Pine Bar customers are also being called in for testing...honey, I wasn’t there, honest; I think I have a touch of the flu. |
| Lay A Bomb! Homeland Security to spend $60 million to examine container ships from |
| Rumsfeld Rumination Hip, hip, hooray, Dastardly Don is gone. Alas, the criminal war in |
| Allium E.Colli? That’s bad onions to you baby, the ones doled out at Taco Bells that are wreaking havoc with the stomachs of a hundred or so patrons largely in the Northeastern States. In a safety move, Taco Bell has yanked these tasty but dangerous offenders from all 5,800 |
| Corporate Crook Update
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| That’s all for this week, my friends. Stay alert; don’t get uh, twisted! |
Friday, December 01, 2006
| Score Card – Progress | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Google Time Warner? With its stock through the roof at $500 plus and the 14th largest market cap of all corporations in the | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Darth Dick & The King: In less time than it takes to shoot off his friend’s face, Cheney bops off to Saudi Arabia for afternoon tea with fellow oil mogul, King Abdullah, to figure out how to not loose the war in Iraq: read keep the Iranians and Syrians the hell out of Baghdad. Also read: if Halliburton’s stock tanks as a result of taking a big hit in | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Benedict 16. Pope Benny’s trip to | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Hermitage vs. Gazprom No contest. The Kremlin’s Gazprom wins. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| PC, MAC, or Antikythera? Scientists are restudying some seriously gunked up gears, cog wheels, and related pins and pieces discovered a hundred years ago by archaeologists poking around in a sunken Roman ship. There is an accepted hypothesis that these cogs wheels, gears, and pins housed in a rectangular wooden frame with two doors covered in instructions for its use, known as the Antikythera Mechanism, constitute a computer-like device constructed as early as 100-150 BC and used by the Greeks and Romans to display astronomical cycles, planetary info and as a nautical device. An operating manual and toll-free number have not been found. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Civil War? If the last American soldier left | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Paulson Poison! Under the guise of improving their international competitive position, Treasury Secretary Henry M. Paulson, Jr. wants to rewrite rules protecting American companies from lawsuits and a host of other evils stacked upon their brittle bones by wicked consumers, i.e., we the people, by creating an impenetrable legal curtain behind which companies can hide. Example: Besides doing cost-benefit studies before adopting new rules, the SEC would have to shield corporate directors from investor lawsuits. If Paulson is really interested in the competitive position of American companies, he might start by taking a hard look at executive pay run amok. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| The Finger! Bad enough they want to empty our wallets, now they’re reaching up and taking it right out of our butts. Urologists, the rubber finger people, have a new treatment called I.M.R.T. for intensity modulated radiation therapy that, while effective, may be more profit driven than treatment driven; at upwards of $50,000, I.M.R.T. costs several times more than currently existing treatments. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Polish Joke, er, Fact! Polonium 210, the radioactive chemical element that killed former Russian KGB spy Alexander Litvinenk and sits at the center of a growing international scandal, was discovered in pitchblende in 1898 by Marie Curie and named for her native country, | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2008 Presidential Election Handicap *
* Based on Extra Wry’s scale and opinions, which change moment by moment.
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| That’s all for this week, my friends. Stay alert; don’t get uh, twisted! | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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Friday, November 24, 2006
Friday, November 17, 2006
| Juice?: Is O.J. Simpson trying to make as big a fool of Judith Regan as he did of the criminal justice system? In his ghost-written book, ‘If I Did It,’ being published by Harper Collins imprint Regan Books headed up by Judith Regan, does O.J. confess, as Judith Regan contends, or is he taking Harper Collins and the reading and viewing public (Fox is broadcasting Regan’s interview of O.J. on November 27th and November 29th) on another ride, not to mention what it does to the Goldman and Brown families and Simpson’s two children. | ||||||||||||||||||||||||||||||||||||||||||||||||
| Corporate Crook Update:
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| Executives, We Don’t Need No Executives! Borrowing from a line from ‘The Treasure of the Sierra Madre’ and confirming something all working stiffs have known since the beginning of the Industrial Revolution, a corporation (Hewlett-Packard), despite its corporate executive suite being in total disarray, posted sharply increased revenue and made more profit on that revenue. | ||||||||||||||||||||||||||||||||||||||||||||||||
| Chinese Checkers: Through sanctions, the world has been trying for ten years to get the South East Asian country of | ||||||||||||||||||||||||||||||||||||||||||||||||
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| Dogfight! US Air might not know how to run an airline, but it knows how to make a scene. Emerging only last year from its second bankruptcy in the past four years, US Air is now going to try to acquire bankruptcy court-protected Delta Airlines for $8 billion. But wait, what’s this: US Air might make a profit this year? Rarefied air indeed. Maybe US Air does know how to run an airline. Will we finally have an airline worthy of the flag? Air US anyone? | ||||||||||||||||||||||||||||||||||||||||||||||||
| Dell Decked? The G-Men are getting serious about Dell’s accounting practices. Dell announced this week that the SEC has started a formal investigation. Dell will delay release of its financial results from Wednesday until the end of this month but refused to release details to investors about what attracted the feds. What about we, the customers? Are we invisible here? Maybe its time to buy a non-Dell. | ||||||||||||||||||||||||||||||||||||||||||||||||
| Lobocratics? As Republican lobbyists head out of Dodge, Democratic lobbyists are riding in; hard, sweating and frothing. Please, if there is a God, anyone’s God, let the buying of our leaders cease, and reveal the boot hill that awaits those who fail us. | ||||||||||||||||||||||||||||||||||||||||||||||||
| 2008 Presidential Election Handicap
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| That’s all for this week, my friends. Stay alert; don’t get uh, twisted! | ||||||||||||||||||||||||||||||||||||||||||||||||




