October 2009

Birthers are never gonna give it up, never gonna let us down

orly2orly

 

I’m not a Kos kid, but this is just too funny to pass up.

A few days ago, an earth-shaking article about a judge’s decision in the case of our president’s birth emerged from the depths of the internets. Never one for fact checking, Orly Taitz jumped all over it claiming this was finally the truth they were looking for. Freepers, and other assorted wingnuts had a huge collective orgasm.

Then one of them actually clicked on the link at the bottom of the article. The result? They were treated to a highly entertaining video of Rick Astley’s hit “Never Gonna Give You Up”. For those of you unfamiliar with internet memes, this is known as being Rickrolled, and by internet standards, is a very old prank.

astley

I guess if you want to believe something bad enough, you’ll grasp at any straw you’re given.

Legislators are speaking out about Monsanto’s involvement at SDSU. Bout Time!

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Two of my favorite state reps, Kloucek and Hunhoff are turning up the heat on the appointment of Chicoine to Monsanto’s board;

“There’s a certain unease,” Hunhoff said. “We take great pride in trying to be different here in South Dakota. Now’s the time to talk about it, before it becomes engrained in our culture.”

Not only talk about it, but end this practice.

State Sen. Frank Kloucek, D-Scotland, has railed against it, saying it could create a conflict of interest if the company does business directly or indirectly with the university.

And Chicoine’s appointment is the perfect example of why it’s a bad idea, Kloucek said, because Monsanto has several projects on SDSU’s campus.

“It looks like they’re bribing them,” he said. Even if a university president vows to abstain from certain votes, they’re “still going to have every appearance of impropriety.”

Kloucek is drafting a bill for the upcoming legislative session and researching other states he says have regulations on public servants serving on boards for compensation.

They are bribing us. Agricultural universities should be able to do research and studies WITHOUT the influence of corporations. What’s stopping Monsanto from influencing positive results when their money is buying the beakers in the lab? Not a damn thing.

Hunhoff said any controversy about Monsanto as a company is not the point.

“It shouldn’t be an issue of one president or one company.”

I agree 100% with Bernie’s statement. If the law changes, it should affect all outside influence on state universities. If a private university wants to take Monsanto under their arm, good for them. But I don’t want my tax dollars intertwined with a corrupt corporation, whoever they are. A publicly funded university should remain that way.

Bravo to Frank and Bernie for making a stand, I hope they follow through.

Wall Street’s Naked Swindle

This story is a few days old, but a great read;

On Tuesday, March 11th, 2008, somebody — nobody knows who — made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Stearns would lose more than half their value in nine days or less. It was madness — “like buying 1.7 million lottery tickets,” according to one financial analyst.

But what’s even crazier is that the bet paid.

At the close of business that afternoon, Bear Stearns was trading at $62.97. At that point, whoever made the gamble owned the right to sell huge bundles of Bear stock, at $30 and $25, on or before March 20th. In order for the bet to pay, Bear would have to fall harder and faster than any Wall Street brokerage in history.

The very next day, March 12th, Bear went into free fall. By the end of the week, the firm had lost virtually all of its cash and was clinging to promises of state aid; by the weekend, it was being knocked to its knees by the Fed and the Treasury, and forced at the barrel of a shotgun to sell itself to JPMorgan Chase (which had been given $29 billion in public money to marry its hunchbacked new bride) at the humiliating price of … $2 a share. Whoever bought those options on March 11th woke up on the morning of March 17th having made 159 times his money, or roughly $270 million. This trader was either the luckiest guy in the world, the smartest son of a bitch ever or…