Archive for the 'People' Category

Quote of the day: Life

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It’s better to die upon your feet than to live upon your knees!

¡Prefiero morir de pie que vivir siempre arrodillado!
Emiliano Zapata Salazar (1879 – 1919) – Mexican Revolutionary

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Financial Crisis: How to say good by in style

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One of the big questions and one some of us are getting asked quite a few times these days is it already time to buy back or still better to wait was answered by a Californian hedge fund manager – Andrew Lahde – who made one of the biggest percentage profits of all time and bowed out of the business last Friday with a fierce attack on the “idiots” running big banks who were willing to take the other side of his bets.

He also demonstrated how to say good by in style (when you’ve made your profit).

Below a quote from the letter he sent out and published on the INet (link to full text below)…

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Humor: John Cleese on Sarah Palin

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British comedian and former Monty Python star shares his thoughts about vice presidential nominee, Sarah Palin…

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AIG: Execs went on leisure retreat – Taxpayers to foot the 500K bill

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If you thought there might be some business ethics coming back to today’s executives in the banking business – think again. Looking at the biggest mess in worldwide finance ever created in mankind’s history and those guys still believe its business as usual. You hear stories of so-called executives that are leaving their sinking ships with severity / separation packages worth hundred of millions of dollars – at the same time their employees are left with nothing and many particularly the younger ones looking into a very gray future.

These are seemingly the signals sent out by the cover up plans hammered through these days by governments around the world – grab as much as you can today – we don’t know if we can sponsor your fat bonuses and pays with taxpayer subsidies in the near future. And don’t be shy – a hundred millions might not be as much tomorrow and you know – you did study economics and understand what happens as a result from these FED and other interventions with regards to inflation – don’t you?

Now one of the best indications what those people think has been provided during the House’s Oversight Committee hearing on AIG today. Just a week after the government agreed to bailout the tumbling AIG with USD 85 Billion of taxpayer money, the executives of AIG went on a leisure break spending almost USD 500K on manicures, massages, luxury dinners and hotel rooms…

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Quote of the day: Politics by Fear

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We would normally not quote a leading Nazi figurehead, but when this leader said the following lines he was certain that his life will soon end in the Nuremberg Trials and had no interest to palliate one of the fundamental principles of the Nazi reign in Germany 1933-1945.

The Nazis in Germany during that period were the first in recent history that have…

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USA: Let’s play Wall Street Bailout

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A very interesting speech by Rep. Marcy Kaptur (D-Ohio) during the congress debate on the so-called Bailout (transcript below)…

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