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Monthly Archives: July 2011

Claim: Sofitel Victim was Hotel Hooker

From day one I thought something was incredibly fishy about the IMF chief accusations. This story keeps piling on eggs on the stupid faces of the NY District Attorneys Office.


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GoDaddy Sold for $2.25 Billion [UPDATED]

GoDaddy, the world’s largest domain registrar, has been sold to three private equity firms in a deal valued at $2.25 billion, the company announced late Friday.

As a report predicted a week ago, private equity firms KKR & Co., Silver Lake Partners and Technology Crossover Ventures sealed the deal, where they agreed to take on GoDaddy’s debt (update: which theWall Street Journal says amounts to roughly half the value of the deal). That earlier report indicated the company would be sold for between $2 billion and $2.5 billion.

Company founder and CEO Bob Parsons predicted further growth of GoDaddy under its new ownership. He said to the Los Angeles Times, “What these guys see is a company with a lot more potential internationally and more potential to make partnerships and acquisitions. They’ll help us finance and they’ll help us recruit talent.”

Update:The New York Times, in an article entitled “Go Daddy to Sell Itself to K.K.R. and Silver Lake”, quotes Parsons as saying “This isn’t a sale. It’s a partnership that’s reinvesting in Go Daddy.” The article added that Parsons “will become executive chairman of the company after the sale closes, and he will remain a large stakeholder,” but it’s still unclear whether Parsons will retain a controlling interest in the company. GoDaddy’s own press release doesn’t address that crucial fact, either. We’ve contacted Parsons’ office for verification.

GoDaddy, known for its sexy Super Bowl ads and controversial CEO with a penchant for elephant killing, has seen significant growth over the past three years, with sales rising by 25% to $947 million from 2009 to 2010. The company projected growth for 2011 to continue that trend, quoting a figure of $1.1 billion for the year.


Full Story Here


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Another Ballin’ Bureaucrat

Obama’s housing chief: Now’s the time to buy

Washington (CNN) – Housing prices have hit rock bottom and the economic climate is prime to purchase a home, said Housing and Urban Development Secretary Shaun Donovan.

In an interview broadcast Sunday on CNN’s “State of the Union,” Donovan said declining foreclosure rates make him hopeful, adding that it is “very unlikely we see a significant further decline.”


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Oh, Say, Can You See NOTHING?

A Fourth of July Without Fireworks?

Counties Across South Impose Bans Amid Persistent Drought and Record Blazes

This July Fourth holiday could be dimmer than usual across the South after officials imposed bans on the sale and use of fireworks amid persistent drought and some of the worst wildfires in recorded history.

Officials from Florida to Arizona have prohibited the use of fireworks to reduce the risk of more wildfires. They are also asking counties and residents where bans aren’t in place to give up holiday displays.

New Mexico Gov. Susana Martinez on Wednesday ordered state police officers to help enforce bans and restrictions put in place across parts of the state. “The conditions in New Mexico are simply too dangerous for anyone to buy, sell or use fireworks this summer,” she said in a statement.

The Texas Department of Public Safety on Tuesday pleaded with counties, cities and citizens to forgo fireworks. So far, 179 of Texas’s 254 counties have banned fireworks, according to Gov. Rick Perry’s office.

“It’s just too dry, and our firefighting resources are stretched too thin to be able to cope with potentially massive outbreaks of fires caused by fireworks,” said Steven McCraw, the public safety department’s director.

Full Story Here: WSJ



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Thais Back Ousted Prime Minister’s Party in Landslide

BANGKOK — The party of the fugitive former Prime  Minister Thaksin Shinawatra won an overwhelming victory in a parliamentary  election on Sunday that could turn Thai  politics on its head and roll back the results of a coup that ousted Mr. Thaksin  five years ago.

Agnes Dherbeys for The New York Times

Supporters of Yingluck Shinawatra celebrated after exit polls appeared to give the Pheu Thai party a victory.

Agnes Dherbeys for The New York Times

Early election returns showed the Pheu Thai party, headed by Mr. Thaksin’s  youngest sister, Yingluck Shinawatra, with a commanding lead.

In a contest that was seen as a referendum on Thailand’s recent turmoil, the Pheu Thai party, headed by Mr. Thaksin’s youngest sister, Yingluck Shinawatra, 44, appeared headed for an absolute majority of the 500-seat Parliament. With 98 percent of the votes counted late Sunday night, her party won a projected 264 seats.

The governing Democrat party won just 160 seats, and Prime Minister Abhisit Vejjajiva conceded defeat.

Ms. Yingluck, a businesswoman  with no political experience, was selected to head the party by her brother,  who called her his “clone.” She proved  to be a brilliant campaigner.

SOURCE: The New York Times

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New York Times Sells Half Its Stake in Boston Red Sox

Newspaper publisher the New York Timessold more than half its 17 percent stake in the company that owns the Boston Red Sox, according to a filing with the Securities and Exchange Commission Friday.

Three separate buyers, whose names have not been disclosed, together paid $117 million in cash for 390 of its 700 shares in Fenway Sports Group. The New York Times [NYT  8.71  -0.01  (-0.11%)   ] is looking for buyers of the remaining shares.

The sale is one the company has been trying to make since 2008, when revenue at its core newspaper businesses took a hit, jeopardizing its ability to manage its debt.

The sale will be reflected as a pretax gain of about $64 million in its third quarter.

New York Times did not respond to inquiries for comment. Click here to access New York Times filings with the SEC.



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THE BOWTIE DIARIES: Jim Rogers Sees Divine Intervention

“Another bailout.” -Jim Rogers (sarcasm)

‘Billions worth’ of treasure found in Indian temple

A treasure trove of gold and silver jewelry, coins and precious stones said to be worth billions of dollars has been found in a Hindu temple in southern India, officials said on Saturday.

The valuables have an estimated preliminary worth of over 500 billion rupees ($11.2 billion), said Kerala Chief Secretary K. Jayakumar, catapulting the temple into the league of India’s richest temples.

The thousands of necklaces, coins and precious stones have been kept in at least five underground vaults at the Sree Padmanabhaswamy Temple which is renowned for its intricate sculptures.

“We are yet to open one more secret chamber which has not been opened for nearly 140 years,” Jayakumar told AFP.

The actual value of the treasure haul can be ascertained only after it is examined by the archaeological department, said Jayakumar.

The temple, dedicated to Hindu lord Vishnu, was built hundreds of years ago by the king of Travancore and donations by devotees have been kept in the temple’s vaults since.

A necklace found on Thursday was 18 feet (six metres) long. Thousands of gold coins have also been found.

Since India achieved independence from Britain in 1947, a trust managed by descendants of the Travancore royal family has controlled the temple.

But India’s Supreme Court recently ordered that the temple be managed by the state to ensure the security of valuables at the shrine.

Until now, the Thirupathy temple in southern Andhra Pradesh state was believed to be India’s richest temple with offerings from devotees worth 320 billion rupees.

The revelation about the huge riches in the Padmanabhaswamy temple has forced police to sharply step install security cameras and alarms.

Authorities also plan to set up a commando force for security, said Kerala director general of police Jacob Punnoose.

“Now it?s known all over the world that the Padmanabhaswamy temple has jewels worth billions of rupees we have decided to assign it maximum security,” Kerala Chief Minister Oommen Chandy told AFP.


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Gadhafi Threatens to Attack Europe

“We can decide to treat you in a similar way,” he said of the Europeans. “If we decide to, we are able to move to Europe like locusts, like bees. We advise you to retreat before you are dealt a disaster.”

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Happy July 4th America

(A)  The number of physicians in the  U.S. is 700,000.
(B)  Accidental deaths caused by Physicians Per year are 120,000.
(C)  Accidental deaths per physician is 0.171

Statistics courtesy of  U.S.   Dept of Health  and  Human Services.


Now think about this:
(A)  The number of gun owners in the  U.S. is 80,000,000.
(Yes, that’s 80 million)
(B)  The number of accidental gun deaths per year, all age groups, is 1,500.
(C)  The number of accidental deaths per gun owner is .0000188

Statistics courtesy
of FBI


statistically, doctors are approximately 9,000 times more dangerous than gun owners.


Remember, ‘Guns don’t kill people, doctors do.’


FACT:  NOT EVERYONE HAS A GUN, BUT almost everyone has at least one doctor.
This means you are over 9,000 times more likely to be killed by a doctor as by a gun owner!!!

[youtube:http://www.youtube.com/watch?v=oa-q-ztyZZw 450 300]

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Biggest Big Cap Winners This Week

No. Ticker 1-week Return Market Cap
1 LNKD 33.70 8,510,000,000
2 SINA 20.87 6,550,000,000
3 LYG 18.68 52,840,000,000
4 V 17.83 59,450,000,000
5 NXPI 15.35 6,690,000,000
6 MPEL 15.28 6,800,000,000
7 CBD 14.97 11,960,000,000
8 EBAY 14.85 41,880,000,000
9 NXY 14.68 11,850,000,000
10 YNDX 14.04 11,410,000,000
11 FSLR 14.00 11,400,000,000
12 NBG 13.74 6,830,000,000
13 BBVA 13.28 54,000,000,000
14 GIB 13.26 6,530,000,000
15 RVBD 13.19 6,080,000,000
16 ING 13.04 46,790,000,000
17 ALU 12.52 13,060,000,000
18 CRH 12.38 15,970,000,000
19 WYNN 12.14 17,760,000,000
20 SIRI 12.12 8,640,000,000
21 APOL 11.97 6,190,000,000
22 NKE 11.87 42,660,000,000
23 MA 11.79 38,340,000,000
24 MGM 11.72 6,450,000,000
25 AEG 11.72 12,780,000,000
26 TCK 11.66 29,980,000,000
27 FTI 11.49 10,760,000,000
28 BCS 11.42 48,970,000,000
29 DISH 11.32 13,640,000,000
30 IVN 11.22 16,570,000,000
31 NOV 10.98 33,090,000,000
32 COH 10.93 18,770,000,000
33 HAL 10.90 46,670,000,000
34 CVE 10.82 28,390,000,000
35 MFC 10.80 31,490,000,000
36 STD 10.79 102,510,000,000
37 CGV 10.66 5,540,000,000
38 MON 10.52 38,880,000,000
39 SJR 10.52 9,920,000,000
40 LVS 10.23 30,530,000,000
41 X 10.23 6,620,000,000
42 GGB 10.12 15,810,000,000
43 CTRP 10.10 6,180,000,000
44 JOYG 10.03 10,000,000,000

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Biggest ETF Winners/Losers This Week

2 XIV 20.13
3 ERX 19.50
4 LBJ 18.94
5 SOXL 18.55
6 TQQQ 17.59
7 DZK 17.33
8 TYH 16.81
9 EDC 16.72
10 RUSL 16.53
11 FAS 16.02
12 UPRO 15.16
13 MATL 15.02
14 BGU 14.96
15 TNA 14.52
16 MWJ 14.43
17 COWL 13.51
18 DIG 12.92
19 USD 12.34
20 BRIL 11.55
21 QLD 11.44
22 EET 11.07
23 DRN 10.96
24 ROM 10.93
25 UYG 10.48
26 EWD 10.32
2 TVIX -32.47
3 TVIZ -18.89
4 VIXY -17.64
5 VIIX -17.45
6 VXX -17.33
7 YANG -17.27
8 ERY -17.21
9 SOXS -16.86
10 BXDC -16.49
11 DPK -16.08
12 TYP -15.03
13 EDZ -14.89
14 FAZ -14.49
15 BGZ -13.54
16 LHB -13.53
17 SPXU -13.51
18 EPV -13.45
19 SQQQ -13.39
20 MWN -13.26
21 TZA -13.20
22 SRTY -13.12
23 BZQ -12.42
24 DUG -11.89
25 RUSS -11.61
26 BRIS -11.46

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Biggest Winners/Losers This Week

2 ICGN 147.50
3 TBSI 115.38
4 CHBT 75.72
5 HNHI.OB 67.78
6 SERV 49.56
7 RENN 48.64
8 CCIH 42.88
9 GSVC 38.27
10 TELK 38.18
11 EFUT 36.25
12 LBIX 36.14
13 XFN 35.00
14 LNKD 33.70
15 ATRN 33.47
16 GENE 32.98
17 P 32.73
18 CNU 29.98
19 HOV 28.00
20 YOKU 27.59
21 QIHU 27.52
22 HAFC 26.97
23 CCSC 26.78
24 EMKR 26.03
25 PLM 25.18
26 SFUN 24.60
27 NQ 24.49
28 NNBR 23.45
No. Ticker 1-week Return
1 JGBO -54.10
2 CWS -52.19
3 MMS -48.38
4 AMX -47.34
5 CEU -35.47
7 PEIX -32.22
8 COIN -30.44
9 HMPR -29.28
10 BWOW -28.48
11 ASTI -26.76
12 CYDE -26.47
13 SYNM -26.13
14 RBY -25.77
15 PTIE -25.66
16 CVC -25.51
17 ENMD -25.17
18 MRNA -23.96
19 DMAN -21.18
20 AXK -19.62
21 SYSW -19.44
22 TNGN -19.26
23 ROSG -18.18
24 BXC -16.73
25 ANO -16.54
26 NBS -16.28

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