Untitled
Nov 29
Nov 09
Oct 28
Listen and vote for my remixes of N.A.S.A. tracks featuring M.I.A., Ghostface Killa and Del!
I produced remixes for the indabamusic contest, check it out and please support if you like it by voting.
Oct 21
Oct 20
absolutely shocking sales numbers for pay-what-you-want video game
Read the last line first. Unlike Radiohead, it would be hard to argue that these guys had a brand, I mean the game has won some awards, but in a niche of a niche of a niche. And more importantly (when you think about the speed of market value drop-off of a console game from launch date), this game is old.
Sep 24
Sep 23
shenanigans with $
The FDIC does not want to borrow directly from the Treasury for political reasons, even though it has a $100 billion line of credit. As a result, additional loan interest will go to the healthy banks without any risk on the part of those banks. Why? Because, the healthy banks don’t need to use their own money, they can just act as the middleman by borrowing from the Fed at near zero interest rates and passing the money on to the FDIC. Articles on this issue have in large part been misleading in presentation of the FDIC’s goal of using future bank assessments to repay the bonds. But the reason the loan to the FDIC is needed in the first place is that the other banks can’t afford to pay assessments now, and if they can’t pay in the future, then the taxpayer will. So this is another bailout, this time of smaller banks, backstopped by the government.
I am not against all bailouts, but this one could be shady.
Look at the last sentence of the NY Times article above. The banks would receive bonds in exchange for the loan at a rate set by the Treasury Secretary. That interest rate would represent a direct transfer of value from taxpayers to private banks without value in exchange, and how ironic that the article claims it would be done to avoid political furor.
Sep 17
Kanye vs. bacon vs. Taylor mashup
http://bacolicio.us/http://kanyelicio.us/http://en.wikipedia.org/wiki/Taylor_SwiftThis like rock, paper, scissors.
Sep 16
