Thursday, July 9, 2009

Photo Caption Contest

Berlusconi shows height of twins he is currently dating?

Morgan Stanley: Scamming Again

Morgan Stanley Plans to Turn Downgraded Loan CDO Into AAA Bonds -

"July 8 (Bloomberg) -- Morgan Stanley plans to repackage a downgraded collateralized debt obligation backed by leveraged loans into new securities with AAA ratings in the first transaction of its kind, said two people familiar with the sale.

Morgan Stanley is selling $87.1 million of securities that it expects to receive top AAA ratings and $42.9 million of notes graded Baa2, the second-lowest investment grade by Moody’s Investors Service, according to marketing documents obtained by Bloomberg News. The bonds were created from Greywolf CLO I Ltd., a CDO arranged in January 2007 by Goldman Sachs Group Inc. and managed by Greywolf Capital Management LP, an investment firm based in Purchase, New York."

Monday, July 6, 2009

Make That Two Steps Closer (see post below)

Dolphin Rescues Stranded Whales:

"It was at that point, Moko, who was described by an official on the scene as “altruistic” appeared, and let the pygmy sperm whales 200 yards down the beach to an open channel. There have been many instances of dolphins assisting weak swimmers, which may be instinctual, but this appears to be the first instance of interspecies help."

World Peace One Step Closer?

Men No Longer Needed to Create Sperm:

"Scientists at the University of Newcastle have managed to create human sperm cells using a female embryonic stem cell.

The researchers, led by Prof Karim Nayernia, had previously created primitive sperm cells from male bone marrow. They’re currently working on making the cells from female bone marrow, which would be much easier and more practical than creating them from embryos."

Fighting Health Care Reform at $1.4 Million/Day

The WaPo (which has been busy trying to score some of that Dirty Money for itself) has an article up on the current state of play for health care lobbying.

The nation's largest insurers, hospitals and medical groups have hired more than 350 former government staff members and retired members of Congress in hopes of influencing their old bosses and colleagues, according to an analysis of lobbying disclosures and other records.

The hirings are part of a record-breaking influence campaign by the health-care industry, which is spending more than $1.4 million a day on lobbying in the current fight, according to disclosure records.

If you think they are spending this kind of money in order to improve health care delivery you need to check your current policy, if you are lucky enough to have one, to see what kind of mental health care you are eligible for and then go and use it!