Welcome to the financial apocalypse folks but more on that later. Some blog stats for you – 972 posts. 19224 comments, and 41+ contributors. Approaching 1000 posts and 20,000 comments. Should be fun.
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More party details soon folks but pencil in this Friday for the Top O the Month Mango Party. This will be your last night to drink in the bars until sometime late Sunday – if at all. I expect this prohibition to be strictly enforced since it is the Bangkok elections. Bars are suppose to stop serving Saturday at 6:00pm and may be able to re-serve at midnight on Sunday. No one has to close but there will be no booze served.
As to the party. Expect Happy Hour all night, air-conditioning and free music. The rest I am fuzzy on but never fear. We will think of something.
Shout out to some new customers. The dude from America – http://blog.agentxray.com/.
And the Italians who drank all the Heineken on Saturday. Props. http://www.murder.it/
People tend to talk about violence in Thailand but do you see stuff like this in Thailand?
Kerwin said Collier suffered 14 bullet wounds to the back, left groin, left legs and right buttock. In addition, a bullet severed his spinal cord, causing the paralysis. The amputation was the result of damage to his left leg and groin, where blood clots formed. Five bullets alone were removed from his urinary bladder and the 26-year-old player also had bouts of pneumonia, infections and renal failure.
Just absolutely stunning. May the force be with Collier and his rehabilitation. Scary shit.
Well. The US is falling apart. 700+ drop on the DOW yesterday. I am sure we will all have opinions on it but let’s just say that the US Congress is a living joke. This in from Tosh:
However, on the crowded list of blameworthy parties in this mess none earns a greater degree of contempt than our Representatives in Congress Assembled. The Fed finally started treating the issue as a systemic one (which it is) and came up with a proposal that they thought was a good idea. Congress, who so far had been plugging their ears and yelling “NAE NAE NAE” as loud as they can, decided that before considering any substantive action it was high time to spend two days preening on nation television gang banging Hank Paulson. That useful job complete, they proceeded to give the Secretary of the Treasury and Ben Bernanke substantively everything they had asked to have in the first place.
Our elected ‘leaders’ took this break because they had no idea which way the political wind was blowing. After much thumb licking and hand in the air sticking they discovered that while vanishingly few of their constituents know what a CDO squared or a credit default swap was, they all were displeased that a bunch of egghead bankers with too many Excel models had taken home staggering amounts of compensation while blowing up the banking system. Whenever I see Chris Dodd or Barney Frank in CNBC I want to throw a stapler at the screen. ‘WHERE WERE YOU FUCKING MORONS FOR THE PAST 20 YEARS!’
Another slant on it from one of my favorite blogs in the states:
These people (the U.S. government) need to be stopped. Every time we get ourselves into an economic mess, there’s usually some milestone idiocy we can point back to as the government action that made the meltdown inevitable.
Take the current housing crisis that has now spread to the financial markets in general. The cause was too-easy credit that fueled a massive increase in housing prices as people bought houses they couldn’t afford with mortgages they weren’t able to pay off.
While we are on the subject of my favorite blog let’s take note that although the world is falling apart the tech world is looking at a huge paradigm shift and Google is looking to be the next monopolist. Let’s quickly examine the waves. First we had the Mainframe(IBM bastards), then the Desktop(young Gates), desktop apps(the older gates), the browser(Gates and co) and now the fight for search. Search is the gateway to the internet and it is now controlled by Google. Why do they want to control it – that’s where all the ad money is. Google does not do search for the good of mankind. Trust me on that one. The Yahoo/Google deal needs to die. Here is Tech Crunch on that:
But if Google gets Yahoo, Microsoft won’t be able to be that counterbalance. And then Google will be free to charge monopoly prices to advertisers and share next to nothing of that revenue with publishers.
That’s why killing this deal is so important. It’s not about the share price of Google, Yahoo or Microsoft. It’s about maintaining a healthy Internet ecosystem that continues to let entrepreneurialism bloom.
My position on this has been steady since Microsoft first bid for Yahoo early this year. It’s destroyed my relationship with (the execs that remain at) Yahoo, and the chill is palpable during my few visits to Yahoo HQ these days. I can live with that, but what I don’t want to live with is an Internet where all the advertising revenue goes to one company. That sounds too much like the Windows/Office world of the 90s to me.
Moving to Thai politics. Shit. No use talking about it but let’s just say we have the new no-op government. Oh wait we had that before. Seems nothing has changed but the problem is now the world slowdown will get to Thailand and these guys just have no idea what to do about it. Let’s turn to Thai Crisis for this one:
With a very simple argument : Thailand can’t escape a slowdown (at best) of growth, when like dominos, all its biggest exports customers are already or are going to be in recession !
It’s so easy to understand. But, no, denial is easier.
It’s better to secure some juicy ministers, to take a maximum of cash before the temple goes down, better to play little childish games, better to name a cop as Industry Minister, better to excite people with ‒lese-majeste” and other absurd lawsuits, better to show to the entire world the insufferable thai arrogance.
In other words Somchai and his gang of yes men haven’t got a clue. Please the name alone…
Folks. Make sure you rush out and buy your copy of this new book – my guess is that is flying off the shelves:
Check this photo from the bathroom of Euro Massage – don’t ask why I was there: