Month: September 2008

Black Monday, 2008: 777 Point Drop In Markets Today… Worse Will Come

Welcome to Black Monday, 2008.

Today the Dow dropped 7% and the S&P 500 dropped 9%.‚  Those are the biggest drops in the market in almost two decades since the last Black Monday, 1987.‚  On that day in 1987 the Down dropped 20%, but fewer total points than it dropped today.

Want the really bad news?… read more “Black Monday, 2008: 777 Point Drop In Markets Today… Worse Will Come”

Jon Stewart Rips Hypocrites

Watch the hilariously funny video of Jon Stewart ripping on a bunch of hypocritical idiots who contradict themselves in multiple places on television talk shows. Great stuff.

Sarah Palin and John McCain’s advisors are the primary targets of Jon Stewart’s cutting wit. I’d like to see him go after some of Barack Obama’s people sometime too, but i’ll take what I can get.… read more “Jon Stewart Rips Hypocrites”

ESPN’s Jemele Hill Writes Racist Article

If you want to read the actual story or see Jemele Hill’s other articles, I will post the links in the comments section below.

Jemele Hill, of ESPN.com, wrote a very blatantly racist article recently entitled “Whatever Happened to the White Tailback?” in which she questions why for the last twenty years, most running backs have been black.‚ … read more “ESPN’s Jemele Hill Writes Racist Article”

What Caused The Financial Collapse?

People have been trying to figure out what led to the recent financial collapse and have come up with a variety of reasons:‚  some say it is due to Americans taking too much risk, or deregulation, or Wall Street’s greed, or the Bush Administration and so on.‚  Most of these people are wrong.

What caused the financial collapse was a combination of a lack of shareholders power due to corrupt boards of directors, partial deregulation, reregulation, “moral hazard” and lazy people.‚ … read more “What Caused The Financial Collapse?”