Author Archive
Fox news against CNBC’s choice in calling Jim Cramer their Financial Guru
12 October 2008
Fox News all but wages war on CNBC commentator Jim Cramer in their latest ad which focuses on bad advice regarding Wachovia that Cramer apologized for and his dire warnings about the market on the Today show earlier this week.
"The last thing you need is bad advice. The last thing you need is CNBC's Jim Cramer," warns the ad.
The promos are running on FBN and FNC, as well as through local avails on CNBC in many of the biggest markets (including New York, Chicago and Los Angeles). The print ads ran in the New York Times and Wall St. Journal today, in the National section.
October 2008: Wall Street’s worst week ever
12 October 2008
The week's events of how financial superpowers tried to halt the free fall, according to cnbc:
Monday October 6th
Fed Reserve chief Ben Bernanke doubled the cash made available to banks for emergency loans to a whopping $900 billion. Still, the Dow plunged 365 points and closed below 10,000 for the first time since 2004.
Tuesday October 7th
Ben Bernanke, a scholar and authority on the Great Depression, began dropping money from helicopters—if not literally then figuratively. He announced the unprecedented action of lending directly to non-financial companies through the commercial paper market. And on the news major indexes dropped more than 5% to their lowest levels in 5 years.
Wednesday. October 8th
DJIA BOUNCES ON 20 YEAR TRENDLINE
7 October 2008
On this monthly chart, the Dow Industrials bounced from its 20 year uptrendline and may be a good point to bottom fish back to the 11000 level. A failure breakdown of this trendline may see the djia plunging to 4,500
Philippine Oil Stock Humor
6 October 2008This cartoon by FM member Colorofmoney depicts the humor in continued delay of first oil from the Galoc consortium.
First oil was expected in early 2008 and cashflow from the Galoc development will support Nido's biggest exploration drilling program to date in the second half of 2008. But after about 5 or so delays due to bad weather, faulty equipment (or people?), first oil has yet to be produced.
Free food from mister donut
6 October 2008It was a normal bird chirping morning as I went to buy some food for the family at Mister Donut. After ordering and paying for my take out, I noticed a sign beside the cash register which read, "If we don't issue a receipt, your meal is on us".
I never liked this ubiquitous notice because establishments with signs like that were obviously trying to convey the message of compliance to the BIR (Bureau of Internal Revenue) but never really explain the exact details as to how a customer is considered to be "unissued a receipt". Do we wait 5 minutes upon consummation of the deal? Do we wait for the customer to walk out the door? Or must the customer reach home first to be considered "unissued a receipt"?
BFAD results show Yili and Mengniu milk products positive for melamine contamination
3 October 2008BFAD have released the results of melamine contamination testing and said that two milk products, Green Food Yili PUre Milk and Mengniu Original Drink Milk have both tested positive. They have also identified several milk products that have tested negative for melamine contamination. These are:
1. Anchor Lite Milk
2. Anlene High calcium low fat milk UHT
3. Bear Brand instant
4. Chic Choc milk chocolate
5. Farmland skim milk
6. Jinwei Drink
7. Jolly Cow pure fresh milk
8. Kiddie Soya Milk Egg Delight
9. Lactogen 1 DHA infant formula
10. M&M milk chocolate candies
11. M&M peanut chocolate candies
12. Milk Boy
13. Nestogen 2 DHA follow-up formula
14. Nestogen 3 DHA follow-up formula
15. Nido 3+ prebio with DHA
16. Nido Full Cream milk powder
17. Nido Jr.
18. No-sugar chocolate of Isomalt 2 Oligosaccharide
19. Nutri Express milk drink
20. Pura UHT fresh Milk
21. Snickers fresh roasted in caramel nogut in thick milk chocolate
22. Vitasoy soya milk drink
23. Wahaha Orange
24. Wahaha Yellow
25. Want want Milk Drink
26. Windmill Skim Milk Powder
27. Yinlu Milk Peanut
28. Yogi Yogurt Flavored Milk Drink
Twas DLSU ADMU at the Filipino Poker Tour Media Bloggers Elimination
2 October 2008
Pokerstars' pinoy poker competition entitled Filipino Poker Tour held their Open Free Rolls for media and bloggers last night at the Metro Card Club, Metrowalk, where playing poker for money is legal.
Over 30 participants responded to the invitation to play Texas Hold 'Em, and there were some crash course lessons in poker for those who did not know their full houses from their flushes.