From Stephen Colbert at the Colbert Report. Hedge fund Starboard Value looks to have Darden Restaurants in its sights, and the folks at Starboard apparently think you get too many bread sticks at the Olive Garden. As it turns out, Starboard is likely keen on getting its hands on Darden's real estate assets and not the breadsticks. The Colbert Report Get More: Colbert Report Full Episodes,The Colbert Report on Facebook,Video Archive
If you were under the illusion that the lords of finance had a handle on the economy and how to steer the ship away from troubled waters, a cursory reading of the FOMC 2008 transcripts should give you pause. Anthony Sanders earlier this week picked up on some interesting discrepancies between projections made by our newly appointed Fed chairperson and what actually happened in terms of labor force participation. Mish has highlighted some of the more humorous statements from the meetings demonstrating just how clueless the board of governors were at the start of the Great Recession. St Louis Fed President James Bullard certainly deserves honorable mention for [...]
This certainly made me laugh. Colorado's recent legalization of recreational marijuana has apparently not escaped the attention of Colorado's real estate agents. Realtor Bob Costello sees a whole new market opportunity, catering to out-of-state home buyers who many now want to head for the Rockies. "Costello said marijuana-friendly homeowners are a budding market– so to speak. Last week he placed an advertisement on Craigslist and had seven interested buyers from as far away as New Jersey and Kentucky"
The laugher of the week goes to the Onion, with this hilarious post.... "The New York Times/CBS News poll showed that though just 1 in 4 Americans believe that the United States has a responsibility to intervene in the Syrian conflict, more than 90 percent of the public is convinced that putting all 535 representatives of the United States Congress on the ground in Syria—including Senate pro tempore Patrick Leahy, House Speaker John Boehner, House Majority Leader Eric Cantor, and House Minority Leader Nancy Pelosi, and, in fact, all current members of the House and Senate—is [...]
As a general rule, Realtors can be a fickle bunch. It's seems the Realtors in New York are more fickle than most. This comical piece explains how the New York Department of State decided to start enforcing its policy on use of a corporate "honorifics". What's an "honorific"? Well, it's basically when a Realtor/salesman lies about his/her actual job title. Apparently the Realtors in NY were pretty loose with their interpretation of the rules. As a result, it was hard to find a NY Realtor who wasn't a VP or director of something. Now that the NY [...]