Monday
Jun152009
« Aged News Vs. Real News: The New York Times Gets Slapped Around By The Daily Show »
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End Of Times. Jason Jones visits the the New York Times' offices to find out why the last of a dying breed prefers aged news to real news.
This is a beat-down. Almost too painful to watch. Traditional media is represented by the person in the photo below. Their business model is decomposing.
1) Dig hole.
2) Put your head in the hole.
3) Add sand.
4) Whistle 'Yankee Doodle.'
5) Run out of money.
6) File for bankruptcy.
7) Ask for a federal bailout.
8) Complain to the FCC about Google.
9) Entertain bids in bankruptcy court.
10) Sell what remains of your company to Gawker.
financial comedy, recession comedy
Monday, June 15, 2009 at 12:45PM
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Reader Comments (4)
http://www.techcrunch.com/2009/06/15/this-guy-needs-an-investor-and-some-adderall/?awesm=tcrn.ch_3sD&utm_campaign=techcrunch&utm_content=techcrunch-autopost&utm_medium=tcrn.ch-twitter&utm_source=twitter.com
If this story is true and the bonds are genuine, this could really spook the economy. Who was trying to secretly dump its Treasury Bonds? The reasons are obvious. It is just starting to get some press here in the States as our media was most likely told to temporarily ignore the story for its obvious potential ramifications.
Unfortunately, this is one of those stories were the truth will get buried like the investigation of Air Force One trip over New York and the death of David Kellermann.
I have been following the story but I have so far read that they were counterfeit. Definitely watching that one.
From Mises:
Sorry, We're Clothed: Prior to the great boom of the past decade, the jiggle business was localized.
http://tinyurl.com/nopagg
Here's a theory from a poster at Dealbreaker:
Max Keiser and Stacy have this theory: the North Koreans are well known to "imitate" bonds, and "convince" Japanese nationals to work for them - easy enough to put the two together and get this situation. Though, if they're forgeries, how were they going to get cashed in Switzerland?