In the news:
- American stabbed at the Olympics by a guy who commits suicide. AP story on it
- Bernie Mac just died.
- Georgia declares war after 2000 die in the attacks. And yes, they have oil.
- Paul Newman is taking it like a man
- (Sorry Danny) The price of pot might be going up
- You [...]

Has anyone read “The Machine Stops” by E.M. Forster? 
The story depicts a future in which people have been forced to live underground in little pods because the surface of the earth is contaminated.  In order to survive, a machine was created which provides everything; food, water, light, etc.  Everything is perfect.  People communicate via simultaneous conversations over a network, and they [...]

The whole system seems to be run by dicks…   huh huh, hmm, huh
Banks:

Dick Fuld – LEH

Chris Cox – SEC

Steve Cummings – WB

John G. Drosdick - SUN

Rupert Cox - Ex head of risk mgmt. for BSC

 Government:

George Bush

Dick Cheney

Norm Dicks - WA

Dishonorable Mention:

Dick Bove

 Feel free to add to the list… 

My guess is the next act in the play will be massive bank asset deals, which will buy time until clauses get triggered. If no clauses trigger then they win the bet. If they lose the bet (which I think they know they will), they may have to buy $X.XX back - using $ [...]

Happy Saturday IBC…
I’ve been thinking about this trade all week that *should* yield 12-15%, and has an awesome hedge. Feel free to poke holes in it…
If you’re not familiar with Canadian Oil/Gas Trusts, get up to speed here
The sector has been consolidating, which is expected to persist into 2011. Most people that follow [...]