Monday, March 17, 2008

ABBA Drummer Found Dead

I'm guessing it was a "bizarre gardening accident".

News for Kids

Being a new parent can really change your perspective on things like family, values, priorities—and cable news anchors.

My 8-month-old daughter and I have been watching a lot of coverage of this protracted primary battle, and I've noticed something weird. She really perks up whenever Chris Matthews or Lou Dobbs comes on the air.

And I think I've figured out why: she thinks these moon-faced babblers are babies just like her. She may be right. Consider:

Mercifully, she hasn't started hating immigrants yet, but I'm getting worried that her first words are going to be "border fence".

Bonus observation: Tim Russert looks like a 4-year-old who's eaten Christopher Hitchens.

Or is that the other way around?

Sunday, March 16, 2008

What's In a Name?

A new rule for Wall St. investment firms: you really shouldn't put the word "Bear" in your name.

Why tempt fate?

According to the Wall St. Journal, J.P. Morgan Chase has agreed to buy venerable investment firm Bear Stearns for the low, low price of $236 million. That's million.

For the sake of context, BS (heh) was valued at $3.54 billion at the end of business Friday. It was worth in the neighborhood of $20 billion back in January 2007. That would be a one(ish)-year drop in value of over 98%.

Perhaps I'm just spitting into the wind, here, but maybe it's not a good sign for our economy when a respected 85-year-old Wall St. firm could conceivably be bought by a PowerBall winner.
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