I love watching perky, stupid "reporters" do stupid shit.
Thursday, March 13, 2008
WELCOME TO THE NEW DAILY "WE = FCUCKED" POST
Dollar's clout sinks worldwide
By ALAN CLENDENNING, AP Business Writer 50 minutes ago
SAO PAULO, Brazil - Antique store owners in lower Manhattan, ticket vendors at India's Taj Mahal and Brazilian business executives heading to China all have one thing in common these days: They don't want U.S. dollars.
Hit by a free fall with no end in sight, the once mighty U.S. dollar is no longer just crashing on currency markets and making life more expensive for American tourists and business people abroad; its clout is evaporating worldwide as foreign businesses and individuals turn to other currencies.
Experts say the bleak U.S. economic forecast means it will take years for the greenback to recover its value and prestige.
Negative dollar sentiment is growing in nations where the dollar was historically accepted as equal or better than local currency — and dollar aversion is even extending to some quarters in the United States.
At the Taj Mahal, dollars were always legal tender, alongside rupees, for entry into the palace. But because of the falling value of the dollar, the government implemented a rupees-only policy a month ago. Indian merchants catering to tourists have also turned bearish on the dollar.
"Gone are the days when we used to run after dollars, holding onto them for rainy days," said Vijay Narain, a tour operator in the city of Agra where the Taj Mahal is located. "Now we prefer the euro. It gives us more riches."
In Bolivia, billboards feature George Washington's image on a $1 bill alongside a bright pink 500 euro note, encouraging savers to turn to the euro to tuck away money earned abroad or sent home in remittances.
"If the dollar's going down ... save it in Euros!!!" say the signs popping up around La Paz for Bolivia's Banco Bisa.
And in neighboring Brazil, the Confidence Cambio money-changing service was the first to start offering yuan so travelers to China no longer have to change the money into dollars first. The service is already a hit because Brazil does big business with China, and lots of Brazilians are heading to the Olympics this summer.
"Now we tell people not to take dollars when they go abroad, it's better to change it directly to the local currency," said Fabio Agostinho, one of the firm's managing partners. "If people leave here with dollars and go abroad, they lose when they exchange them. It's the same thing whether they're heading to China, Europe or even Argentina."
In Manhattan's Bowery district, Billy LeRoy, the owner of Billy's Antiques & Props, prefers payment in euros so he can stockpile the currency for his annual antique buying trip to Paris.
"Whip out dollars at the French flea market now, and they'll shoo you away," he said at his store near apartment buildings where Europeans are snapping up units because they've become dirt cheap. "Before it was like the second coming of Christ, but now they don't want it or if they do take dollars, they're going to take their pound of flesh."
The dollar has steadily eroded in value against the euro and other currencies since 2002 as U.S. budget and trade deficits ballooned, but fears of an American recession and credit crisis have sent the dollar to stunning lows amid predictions the slump will continue for a long time.
The euro traded for a record $1.5625 before declining to $1.5586 Thursday while the dollar dropped below 100 Japanese yen for the first time since November 1995. It traded as low as 99.75 yen before recovering some ground to 101.68 yen. The dollar also recently hit a 10-year low against the Chilean peso, and fell to its lowest level against Brazil's real since the nation floated its currency in 1999.
While low dollar cycles have come and gone for decades, experts caution that it's now much more difficult to predict when this one will end because the euro didn't exist as competition for the dollar before.
During previous U.S. economic downturns, big foreign funds typically snapped up U.S. treasuries, helping to shore up the dollar to a certain degree. But the euro and currencies from other nations are now seen as legitimate options, and interest rates are higher outside the United States — meaning the funds can get better returns on investments elsewhere.
"You have the U.S. still holding this trade deficit, but now you have the possibility of a U.S. led recession, and you have a weakening currency. So it's a very dark outlook for the dollar," said Gareth Sylvester, senior currency strategist with the British firm HIFX Inc., which executed $40 billion in currency trades last year.
Nations that were once seen as incredibly risky for investments — such as Brazil — are now seen as good long-term bets. And countries such as China and Russia, with burgeoning coffers of money to invest abroad, are thought to be shifting some of their reserves or diversifying fresh income to destinations and currencies outside the United States.
It used to be important for most countries "to accumulate dollars as a precautionary element against rainy days, but the accumulation of reserves has become so large in most emerging market countries that the balance is way beyond what's needed for precautionary reasons," said Eliot Kalter, a fellow at Tufts University's Fletcher School of Law and Diplomacy and a former International Monetary Fund official.
While most experts believe the dollar will eventually regain strength, no one is willing to predict when that will happen.
"I think the factors that are affecting the weakness of the dollar will be reversed, but no time soon," Kalter said.
The problem right now, is that "people just don't want to be holding U.S dollars and U.S.-based equities," Sylvester added. "If you are an investor with a million dollars to invest, you look for the highest yield — you're looking at South Africa, Australia, New Zealand."
And it's not only the big time investors that are looking for other options.
In Peru, where savings in U.S. dollars were long a popular hedge against inflation, many citizens are closing dollar accounts in favor of Peruvian soles.
At the same time, businesses like supermarkets, movie theaters and cable TV companies that used to accept dollars are now demanding soles.
Edwin Figueroa, a 29-year-old systems engineer, switched his checking account from dollars to soles seven months ago as the dollar's decline started worrying him. He doesn't think he'll be going back anytime soon.
The Peruvian sol "is stable now," he said. "And maybe in a year, the dollar will even go lower."
Wednesday, March 12, 2008
SUCK ON IT SHORTY.
Short people are most prone to jealousy, say scientists
Wed Mar 12, 2:24 PM ET
PARIS (AFP) - Short people should pray for a return to the Seventies fashion of stack heels, for the power of jealousy depends on how tall you are, the British weekly New Scientist says.
Researchers at the University of Groningen in the Netherlands and University of Valencia in Spain asked 549 Dutch and Spanish men and women to rate how jealous they felt, and to list the qualities in a romantic competitor that were most likely to make them ill at ease.
Men generally felt most nervous about attractive, rich and strong rivals.
But these feelings were increasingly relaxed the taller they were themselves. The more vertically challenged the man, the greater his feelings of jealousy.
For women, what counted most in jealousy was the rival's looks and charm, but these feelings were less intense if the woman herself was of average height.
This makes sense in evolutionary terms, says New Scientist, in next Saturday's issue.
Taller men are most successful with women, and women of medium height enjoy the best health, fertility and popularity with men.
"Spitz Calls It Quits Over Costly Bumped Bits"
Goodbye Client number 9...but I am sure it won't be long.
I am positive that in the next 6 months we'll see you with:
Oprah, Larry King, Dr. Phil, On Dancing With the Stars, The Surreal Life and in a Mug Shot.
This is for Bookfraud and all you other aspiring writers. From The Onion
Tuesday, March 11, 2008
START SPREADIN' THE NEWS, I'M LEAVIN (THE GOV'S MANSION) TODAY...
Wow. Its almost incomprehensible that he could have been this stupid. And that poor wife, dragged up there after I am sure she was being told she "had to show solidarity with her man"
So, the headlines are just okay, can you come up with your own?
Spitza's Otha Shiksas!
Tricks For Spitz
Escorted From Office?
Guv's Bank Skank Spank
No Pass On High Class Ass
Governor? I Barely Ho Her!
Thursday, February 28, 2008
Art imitating life imitating art, again. A fascinating look at how THE WEST WING virtually predicted the current run for the White House.
Charismatic, handsome minority vs. entrenched party big vs. a Republican whose credentials are questioned by his own party.
Tuesday, February 26, 2008
Wednesday, February 20, 2008
I SAID I WANTED BUNDT CAKE --- NOT BUTT CAKE!!!!!!!!!!!!!!
Shop-owners sold chocolate cake sprinkled with human faeces
Daily Mail UK ^
Posted on 02/19/2008
Shop-owners sold chocolate cake sprinkled with human faeces
Two shop-owners were today fined for selling chocolate cake - which had been sprinkled with human faeces.
A horrified customer ate the foul-smelling gateaux but noticed that it didn't taste or smell "quite right" and handed the cake to public health scientists.
The analysts soon established that the sweet treat was covered in faeces and legal proceedings against the shop owners were started.
Shop owners Saeed Hasmi, 25, and Jan Yadgari, 23, were fined £1,500 for selling food unfit for human consumption.
The pair - who ran the Italiano Pizzeria in Roath, Cardiff - admitted the charge but did not say how the chocolate cake was contaminated.
The takeaway is a favourite with late-night revellers and students living around the takeaway close to Cardiff University.
A spokeswoman for the public health department in Cardiff City Council said: "The person who bought the cake realised it didn't taste or smell quite right so they reported it to us.
"Subsequent examination by the public analyst and national public health service laboratories confirmed the presence of faecal matter.
"There were bits of it all over the top of the cake.
"We cannot say for definite what kind of faecal matter it is, although it is very likely it was human. It would have to go through a DNA test for us to know for absolutely sure."
Labels: fecal matter cake U.K.
Thursday, February 14, 2008
We're doomed. So many things to say after watching this.
-Pregnant by 16...
-No one should be allowed to touch a computer until age 21...
-Fetal alcohol syndrome...
Monday, February 11, 2008
My favorite episode of "Sexy Beijing"
Poor Su Fei. Looking for love in Beijing and finding some interesting answers along the way. Su Fei you rock. I love this because so much of it reflects my experiences in Beijing
Sunday, February 10, 2008
Friday, February 08, 2008
More news from the U.K.
A bit poncy eh? Once proud England is soon to be populated by sexless, sharia loving TV watching droolers. Did I mention they are as fat as Americans now?
Half of UK men would swap sex for 50 inch TV
Reuters | 02/08/08
LONDON (Reuters) - Nearly half of British men surveyed would give up sex for six months in return for a 50-inch plasma TV, a survey -- perhaps unsurprisingly carried out for a firm selling televisions -- said on Friday.
Electrical retailer Comet surveyed 2,000 Britons, asking them what they would give up for a large television, one of the latest consumer "must-haves."
The firm found 47 percent of men would give up sex for half a year, compared to just over a third of women.
"It seems that size really does matter more for men than women," the firm said.
A quarter of people said they would give up smoking, with roughly the same proportion willing to give up chocolate.