NYT Headline of the Day

We interrupt this rally for what must be the funniest story I have read in I don’t know how long:

Corpse Wheeled to Check-Cashing Store Leads to 2 Arrests

Even for the once-notorious Hell’s Kitchen neighborhood, it may
have been a first: Two men were arrested on Tuesday after pushing a
corpse, seated in an office chair, along the sidewalk to a
check-cashing store to cash the dead man’s Social Security check, the
police said.

When Virgilio Cintron, 66, died at his
apartment at 436 West 52nd Street recently, his roommate and a friend
saw an opportunity to cash his $355 check, the police said.

They
did not go about it the easy way, the police said, choosing a ruse that
resembled the plot of “Weekend at Bernie’s,” a film about two young men
who prop up their dead employer to pretend that he is alive.

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You may now return to your previously scheduled activities . . .

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Source:
Corpse Wheeled to Check-Cashing Store Leads to 2 Arrests
BRUCE LAMBERT and CHRISTINE HAUSER
NYT, January 9, 2008
http://www.nytimes.com/2008/01/09/nyregion/09dead.html

Category: Financial Press

Confusing Cause & Effect: Elections and Markets

Its an election year, and that means sophistry and ignorance in equal measures will be flooding the airwaves and intertubes. We have taken it as our charge here to fight against the logically challenged and the factually incorrect. We addressed this exact issue four years ago, but given the propensity us Humans have for self-delusion,…Read More

Category: Markets, Politics

Open Thread: PPT to the Rescue?

Category: Economy, Markets, Politics

Game Over in Blu-Ray HD contest?

I’ve mentioned the Blu Ray/HD quandry in the past, but it seems the fight is drawing to its conclusion. In both the US and Europe, Blu-ray discs are significantly outselling HD DVDs.

But its this MacRumors chart (below) that pretty much sums up the battle:

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Warner_300

Its hard to see how HD has a shot.

Now the question becomes how fast the prices drop on both the Blu Ray players and movies, but for now, I am sticking with an upconvert Sony for the big TV.


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UPDATE: January 8, 2008 8:21pm

Why would prices go down?

As we previously discussed, I suspect many consumers have been on the sidelines awaiting the winner of the format war between Blu-Ray and HD.

As that fades away, the total number of purchases of the winner — Blu Ray — will go up significantly.

Thus, economies of scale, mass adaptation, and desires for deep market penetration will drive prices lower.

As to the monopoly issue — I doubt its an issue. 1) These are video playback toys, not an essential product or service; and B)  There is still legit competition from ordinary DVD players (fer cryin out loud, you can still buy VCRs for $29).   

My apologies for failing to explain the intermediate steps in my thinking  . . .

Category: Digital Media, Film, Technology, Video

Stock Trader’s Alamanac: Uh-Oh

Category: Investing, Markets, Technical Analysis, Trading

Real Estate Connect NYC 2008

Category: Real Estate

Pending Home Sales Index, NAR Housing Market “Bottoms”

Category: Data Analysis, Financial Press, Markets, Psychology, Real Estate

Merrill: Recession is already here

Category: Economy, Employment, Financial Press, Markets, Politics

If Presidential Candidates Were Stocks

Category: Investing, Politics

Headline of the Day

Category: Financial Press, Markets