CNBC: The porn economy
“The ‘Girls Gone Wild’ creator is asking the government for bailout cash, reports CNBC’s Melissa Lee.”
Source: CNBC, January 9, 2009.
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See also:
Film, Porn Shoots Sought by Los Angeles Homeowners Hit by Slump
Bloomberg
http://www.bloomberg.com/apps/news?pid=20601109&sid=aYRTVXV1dnuE&
Do not value money for any more nor any less than its worth; it is a good servant but a bad master. ~Alexandre Dumas fils, Camille, 1852
The US$ is at the high of the day vs the euro coincident with Greek CDS at the wides of the morning by 20 bps to 307 bps following the news this morning. This level is a 2 week high. In sympathy, CDS is wider in Spain, Portugal, Italy and Ireland. Bond yields are higher too and Greek stocks in particular closed down 3.4%. There is also an idiotic rumor out there that the Fed is again going to raise the discount rate after doing so a month ago. While they easily may but likely won't anytime soon, there is...
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January 22nd, 2009 at 4:26 pm
Can’t they make those damn Golf Vacation ads more visually appealing???????????
January 23rd, 2009 at 5:20 pm
Wait till I tell my grandkids that times got so tuff that I couldn’t afford porn.