by venician, Fri Dec 12, 2008 at 10:31:22 AM EST
Bernard L. Madoff, a legendary trader who's towered over Wall Street for nearly 50 years, was arrested by federal agents Thursday and charged with running a $50 billion Ponzi scheme--perhaps the biggest fraud in Wall Street's history.
The former chairman of the Nasdaq Stock Market reportedly told colleagues on Wednesday that his investment advisory business was "all just one big lie"
that was "basically, a giant Ponzi scheme." According to one official for the SEC, the case involved "a stunning fraud that appears to be of epic proportions." Of more than $17 billion in assets under management by Madoff's firm at the beginning of 2008, all is missing, according to the SEC. Madoff's investment advisory business had "deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in losses of approximately billions of dollars," according to the FBI.
by venician, Fri Dec 05, 2008 at 07:05:19 PM EST
Just wanted to share this amazing video with you.
It's by a guy named Mark Johnson
Johnson traveled around the globe and recorded tracks for such classics as "Stand By Me" and Bob Marley's "One World" -- creating a new mix in which essentially the performers are all performing together -- worlds apart. Often recording with just battery-powered equipment, Johnson found musicians on street corners or in small clubs and they would in turn gather their friends and colleagues -- in all, they recorded over 100 musicians from Tibet to Zimbabwe
It took him 10 years to put this together!
You can read more about him here.
by venician, Mon Sep 29, 2008 at 09:56:29 AM EDT
David Sargent has a great little article about Democratic Registration:
In a development that could have a significant impact on the presidential race, the rise in registered Democrats has far outpaced Republican registration in many key swing states, giving Dems a clear registration advantage in a lot of them, while wiping away one-time GOP registration advantages in a couple others.
We compiled these registration numbers mainly from the secretaries of state in the battlegrounds -- and they are are striking. You can view them in our chart below.
In this state, Registered Dems lead registered Republicans, 565,855 to 489,802. --
a lead of 76,053.
Registered Dems lead registered Republicans, 4,453,008 to 3,954,884 --
a lead of 498,124.
Registered Dems lead registered Republicans, 4,336,224 to 3,199,837 --
a large lead of 1,136,387.
In this reliably red state, Dems leadthe GOP by 2,714,656 to 1,952,013 --
a lead of 762,643.
In this state, which may prove pivotal, Dems have wiped away a once-lopsided GOP advantage, with GOP registration now leading the Dems, 1,029,062 to 955,428 --
a lead of 73,634.
In this state, registered Dems lead GOPers by 563,103 to 360,513 --
a lead of 202,590.
In this independent-heavy state, the GOP has a very slight edge over the Dems, 268,108 to 263,217 --
a lead of 4,891.
by venician, Thu Aug 07, 2008 at 10:27:22 AM EDT
As if we didn't already know that this site was crawling with McTrolls.
By Paul Farhi
Washington Post Staff Writer
Thursday, August 7, 2008; C01
Spread John McCain's official talking points around the Web -- and you could win valuable prizes!
That, in essence, is the McCain campaign's pitch to supporters to join its new online effort, one that combines the features of "AstroTurf" campaigning with the sort of customer-loyalty programs offered by airlines, hotel chains, restaurants and the occasional daily newspaper.
On McCain's Web site, visitors are invited to "Spread the Word" about the presumptive Republican nominee by sending campaign-supplied comments to blogs and Web sites under the visitor's screen name. The site offers sample comments ("John McCain has a comprehensive economic plan . . .") and a list of dozens of suggested destinations, conveniently broken down into "conservative,""liberal,""moderate" and "other" categories. Just cut and paste.