Dubai
Author: Krikor
Live Life Light
Bad Day For The DOW
Wall Street hit levels not seen since March 2003, with the Dow Jones industrial average falling below the 8,000 mark.
As the fate of the Big Three automakers hangs in the balance with no bailout in sight, the benchmark Dow index skids nearly 430 points, closing at 7,997. The S&P 500 is also punished
The CEOs of the big three automakers flew to the nation’s capital yesterday in private luxurious jets to make their case to Washington that the auto industry is running out of cash and needs $25 billion in taxpayer money to avoid bankruptcy.
Wagoner flew in GM’s $36 million luxury aircraft to tell members of Congress that the company is burning through cash, asking for $10-12 billion for GM alone. … Wagoner’s private jet trip to Washington cost his ailing company an estimated $20,000 roundtrip. In comparison, seats on Northwest Airlines flight 2364 from Detroit to Washington were going online for $288 coach and $837 first class.
Kenny G – The Moment
An amazing instrumental piece of art by Kenny G !!!
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Cutting 50,000 Jobs
In the most dramatic round of layoffs seen to date in the battered U.S. financial sector, Citigroup Inc. said Monday it plans to cut about 50,000 additional jobs as part of an effort to help stem huge losses sparked by bad investment and lending decisions.
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Crocs vs CROX
Crocs are those stupid plastic shoes that comes in many colors and CROX is their stock market symbol. Yes I do have a pair of those what some people call weird thing to wear but I do like wearing them in different occassions, even some guys on the internet went to the extreme and launched I Hate Crocs , I am pretty sure they have lots of free time maintaining such a stupid blog among lots of other stupid stuff you can find on the world wide web.
Yesterday was an amazing day for the CROX stock, it plunged in free fall of around 45% from opening till the market closed. I was lucky enough to buy some stocks yesterday and made few bucks ;-)
P.S. I was not wearing my Crocs when I bought, I went home, put them on and sold.
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2008 World Series of Poker
Yesterday, Peter Eastgate left Las Vegas with nearly $10 million after winning the 2008 World Series of Poker. There were more than 6,000 entrants to poker’s premier event but the 22-year-old Dane outlasted the game’s greatest exponents to become its youngest winner.
