In The News – Thursday, October 23rd, 2014 Edition
This is a very interesting article from USA
Today that shows the evolution of our diversity from 1960 projected to
2060. It’s clear from looking at this that we are undergoing a major
transformation. Black Americans will notice it even more as they become a
smaller and smaller minority due to immigration from other countries. Scroll
down to the interactive map.
More of Your Tax Dollars at Work. “Only someone with too much of someone else’s money and not enough
accountability for how it was being spent could come up [with] some of the zany
projects the government paid for this year,” Mr. Coburn said upon releasing the report.
I’ve commented on the tough months that hedge
funds have been through. Here’s what one of the top managers has to say. If you read his comments, it’s pretty clear
that the masters of the universe had three big bets go against them and they
paid a heavy price. I dare say that most individual investors weren’t heavily
invested in Fannie Mae/Freddie Mac securities or the AbbVie inversion or
abnormally long Crude futures, so let’s just shed a few crocodile tears and
move on while these guys try to figure out how their bonus of 20% of no excess
S&P 500 return is going to sound to their wives. Real estate agents in the
Hamptons are extremely worried.
Who would believe that something as perfect as
bacon could be improved upon? Scot Bush, the founder of Templeton Rye decided
to raise some pigs on spent rye mash, leftover from the whiskey making
process. Apparently the pigs seemed to enjoy their diet and as one taster of
the final product said, “It was hands down the best tasting pig I’ve ever
Shopping around can save you money, even in healthcare. Not sure I’m ready to beat up my GP over
prices and go bargain basement, but on advanced diagnostics it may make sense.
I told you it was a good sign when Dennis Gartman
called the end of the bull market. So far, so good.
Voter fraud in Chicago? Come on. You can’t be serious. State
Representative Jim Moynihan tried to vote for himself and the machine cast a
vote for his opponent. Then when he tried to vote for other Republicans the
machine wouldn’t let him. Jim Cook, deputy communications director for the Cook
County Board of Elections chalked it up to “calibration error”. It’s like the
anecdote I included last week about the guy who voted Republican to the day he
died and since then he’s voted a straight Democratic ticket.
I’ll end with this classic put on of a bunch of
organic foodies being fed McDonalds that has been disguised. It’s too good.