Monday, May 28, 2012

On the facebook IPO

I have limited sympathy for folks that are whining because they didn't make a huge profit in the first few days of trading. 
I don't even have much sympathy for those that say there were problems with transparency in the run up to the launch.

If you were playing the IPO like a lottery then you pretty much got what you should have expected

Sunday, May 27, 2012

What is the matter with Kansas

"Republican Kansas Governor Sam Brownback signed a bill aimed at keeping state courts and agencies from using Islamic or other non-U.S. laws when making decisions, his office said on Friday, drawing criticism from a national Muslim group.

The law has been dubbed the “sharia bill” because critics say it targets the Islamic legal code. Sharia, or Islamic law, covers all aspects of Muslim life, including religious obligations and financial dealings. Opponents of state bans say they could nullify wills or legal contracts between Muslims."
'via Blog this'

Saturday, May 26, 2012

Prayers and Well Wishes (and unsold houses)

38 Studios passes second mortgages onto some former employees | The Verge: "Schilling's only public response to the financial turmoil that has embroiled both his company and the state of Rhode Island had been a tweet thanking people for sending "prayers and well wishes" to the team and families of 38 Studios. "

'via Blog this'

B, M Whatever

Unskilled Labor, and Other News | John Goodman's Health Policy Blog | NCPA.org:
"$20 billion of your tax dollars to promote ObamaCare."

'via Blog this'

except not really 
The Obama administration just inked a $20 million deal with PR firm Porter Novelli to help promote ObamaCare.

Conservatives, lying to the end

Saturday, May 19, 2012

Socializing Losses - Curt Schilling Edition

Curt Schilling asks Rhode Island for more cash | TPMMuckraker: "“Schilling spent no small amount of time in his career preaching the Republican mantra of smaller government and personal responsibility. He did this fresh off the historic Red Sox World Series win when he backed George W. Bush in the 2004 campaign. He did it on the stump on behalf of John McCain in 2008,” McGrory wrote. “Smaller government? Call me crazy, but I’m betting that wasn’t exactly what Schilling was extolling when he sat behind closed doors on Wednesday pleading with the members of the Rhode Island Economic Development Corp. to put more public money behind his fantasy video game venture.” "

'via Blog this'

Will Romney Apologize To Obama?

Chen leaves China on flight bound for U.S. - CNN.com:
 "Chen Guangcheng, the Chinese human rights activist who ignited a diplomatic frenzy when he escaped house arrest last month, has left Beijing airport Saturday on a flight bound for New York. He and his family boarded a United flight from Beijing to Newark International Airport which is due to arrive Saturday evening in New York."

'via Blog this'