David Lubin, chief emerging market economist at Citi, says China is vulnerable to an "external shock" because it has pursued a credit driven, investment orientated growth model that is becoming "inefficient".» Read More
Here are your responses to my recent reports on foreclosures (here and here) in California. Mike from NY says people got talked into buying a house when they had no business doing so: "...all these people thought they were Donald Trump."
Global index compiler FTSE dashed hopes on Thursday that South Korea and Taiwan would be upgraded to advanced market status, saying more work was needed in areas such as off-exchange transactions.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?
Last week I blogged about a study from Washington University linking gas prices to obesity. The study proclaimed that for every $1 rise in a gallon of gas, we should see a 15% drop in obesity levels over five years, because people would walk or ride bikes more, and they'd have less money to eat fatty restaurant food.
Grace Kelly and Jackie O are the two women Tommy Hilfiger sent down the runway yesterday. The collection of trench coats, silk knit dresses, tuxedo shirts and sport jackets referenced a glamorous 1950s-era wardrobe. Hilfiger said that his goal is to stay all-American in the sensibilities of the clothing but sell that polished American sportswear to a global market.
So I'm in Las Vegas, naturally on the day O.J. Simpson is questioned over an alleged robbery. It's an evolving story. Seems he's being named a suspect in the case though he says his involvement was part of a 'sting' operation to get the stuff back.
I'm here outside Edwards Air Force Base holding up a dead chicken on TV. Naturally! Actually, I am doing a story on how the military plans to test jet fuel made from chicken fat ("Yes, Erin and Mark now chickens can finally fly! Ha! ha... heh).
We have been sweltering out here in the West, which leads me to my two favorite hot business pitches: First... they're trying to get people to come up to the Canadian Rockies to celebrate the centennial of Jasper National Park. The pitch: come to the newly-refurbished Miette Hot Springs! Uh, ok. I did a little research.
I have found it. The perfect contest for the miserable office worker. Acco Brands is sponsoring America’s Ugliest Office. Enter at www.americasugliestoffice.com and you have a shot at either a 42” HDTV, or a TRIP TO HAWAII. Talk about bringing hope to the downtrodden! One mock-up of an ugly office has the chair doubling as a toilet, so you never have to leave. Nice. The contest runs through Nov. 30, and, so far, Jerry’s home office in Columbus gets my vote.
KFC is trying to get people to buy its new $2.99 lunch deals by going door-to-door at the office. Literally. It is paying to put plates of chicken on company mail carts making the rounds in office buildings before lunch.
Two brothers from New Jersey have been fired from an A&P market for filming a rap video called “Produce Paradise.” Click here to check it out. Yes, it’s juvenile and somewhat disgusting, and it reminds us all to thoroughly rinse our veggies when we get home from the grocery store.
Wanna lose weight? Buy a bigger house. Researchers at the University of Washington found that for every $100,000 more a house is worth, the homeowners are 2% less likely to be obese. So wealth=trim, poor=fat. Wealth=ability to afford the gym and time to care about looking good; poor=just trying to get through the day and eating lots of prepackaged mac n' cheese. This is news?
People, you need to start recording these on video and sending them to me...forget YouTube. Mortgage advisor Andrea S. says this song parody of Don McLean's "American Pie" came from a branch manager at a very, very big mortgage lender you may have heard of which is having trouble lately:
Jockey has decided that to sell underwear, it needs to tell you how uncomfortable underwear makes you. Follow me here. Actually, don't follow me here because I've got nowhere to go with this one. At www.stopsquirming.com, the brief-maker tries the hot-hot-hot concept of "viral marketing" by showing how people react to wedgies created by "inferior undergarments."
Today I'm uncovering the truth about home prices. Yes, the truth! We went to an auction this weekend in Ontario, California, where a NEW Beazer home was on the foreclosure block (I guess the original buyer's lending fell through). In a neighborhood where other new, or nearly new, homes are on sale for $420k, this home's opening bid was...$209,000.
I'm in Vail, Colorado, which is in the midst of a massive, $2 billion make-over to try to make it a year-round destination. Cranes and construction are everywhere. Aspen seems to get most of the summer tourist business, and Vail wants a piece of it. The two towns have about as much affection for each other as the Crips and Bloods.
Wesson Oil has re-hired Florence Henderson as spokeswoman. The company is supposed to post some of her old commercials on their ConAgra Web site, but I couldn’t find them. What I did find is Henderson’s “tips for cooking with canola oil” (yes, I truly believe these tips came straight from Flo’s kitchen and were not made up by marketing people… no, really, I believe that):
Here's an award worth winning! Cintas, which provides bathroom supplies, announced the winner of this year’s “best restroom” contest. The award goes to Jungle Jim’s International Market, a grocery store outside Cincinnati. Get this. The bathroom entrances appear to be portable toilets. But once inside, they all lead to a jungle themed restroom with flowers...
First off, check out this freeze frame of me and the banner underneath. One person has threatened to make this his screen saver! FAKE JANE'S SONG PARODY: to the chorus of "Where Have All the Flowers Gone."
Here are more song parodies (see my previous post) to try to bring a smile to those of you upside down in your mortgage (or upside down in your Capital One and Countrywide stock): From a Colorado mortgage company grunt, the appropriately named Rocky M (talk about smiling through the pain), called 'Green Tree Beret" and sung to the "Green Beret" theme: