There was an article this week about the difficulties the uber-rich face finding parking for their yachts. I'm not sure there's ever a good time for that article, but I think now would be a bad one. I've got an idea, why not park them in the yard of someone who lost their home so you could sell their bundled mortgage to an overseas hedge fund?
In other media news, Business 2.0 will cease publication. A magazine dedicated to the Web. A print magazine. That you could probably download for free. Can't understand why this business model didn't work, can you, Pets.com?It's a Mad, Mad World
American parents are up in arms because a health kick has banned cupcakes at some school birthday parties. Getting upset because our educational system doesn't teach kids how to think? Not so much. A man who evaded taxes for nearly 30 years was sentenced to four years in jail, yet numerous companies "incorporated" in Bermuda continue to roam free. Energy Department stats show that the cost of electricity in states with competition is actually higher than in those without. Surprising. You'd think competition would lower prices, especially in the electricity industry, where it's not easy to enter the market and the three or four people in charge would never consider collusion or market manipulation. (That was sarcasm, just in case it doesn't drip off the screen). A court blocked an order to reveal the names of users of a tax-evasion Web site, noting that in order to get such information, the people must at least be called "terror suspects." Done and done. Finally, no Labor Day parade for me. My floats had been repossessed, baton twirlers outsourced, and my cheering throngs sold to a consortium of private investors. Ah, life in the medium-paced lane.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 10,246.97 | 1,093.01 | 2,151.08 | 34.82 |
Oil *
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