Dow at 10,000

Via The Big Picture

With the DJIA approaching 10,000 again, let’s reminisce about 1999, the year it first passed that magic level on March 29th. Millennium by the Backstreet Boys was the best selling album, American Beauty won the Academy Award, the Euro was established, SpongeBob SquarePants aired for the first time, Hugo Chavez was elected President of Venezuela, Karl Malone, Pudge, Chipper Jones, Jagr and Kurt Warner won MVP awards and the average price of a gallon of gasoline at the pump was about $1.20. US nominal GDP ended at $9.6b vs $14.1 as of Q2 ‘09. Also, on March 29th 1999, the DXY was at 100.36 (now 75.60), the CRB was at 192.40 (now 269.15), gold was at $280 (now $1,060), oil was $16.44 (now $74.80), corn was $2.32 (now $3.85), copper was $.62 (now $2.83), the 10 yr yield was 5.19% (now 3.38%), and the fed funds rate was at 4.75% (now 0-.25%). Oh, how time flies.

Morgan Downey wonders whether natural gas is the new oil.

What is certain is that the industry is in a state of flux which could turn the oil and gas industry upside down over the next 10 years.

Proposed Costco fuel settlement: $0 for class, $10M for attorneys.

What a wonderful world. Attorneys got paid and the "clients" got what?

http://centerforclassactionfairness.blogspot.com/2009/09/costco-fuel-settlement.html

Costco, along with other fuel retailers, has been sued over the way it measures gallons of fuel in some states. The putative class plaintiffs have settled the case--for zero dollars for the class, and ten million dollars for the attorneys.

The lost Symbol

Just finished reading The Lost Symbol. If you want to kill some time, pick it up. If you want to spend time do some reading skip it. To quote others from www.goodreads.com

• "A collection of ideas is not a plot."
• formulaic
• he wrote a book designed to hit you with made-up facts to support a made-up philosophy. 
• His story-lines are choked with forced dialogue and contrived situations. His characters are one-dimensional caricatures who spend most of their time monologuing to explain to the dimmest of readers about what is happening and why. His formulaic and predictable plots are tiresome. 

Interestingly, New York Times did not hesitate to throw out all kinds comments that publisher would love to print on the jacket. 

Last Days of Lehman Brothers

BBC release its version of the last days of Lehman brothers. More versions are available all over the world, as we approaching the anniversary of the collapse. One year already? It is only one year?

Leaked? Beatles on iTune, 9/9/09

Rumors only so far. Let's wait another few hours.

http://www.techcrunch.com/2009/09/08/did-yoko-ono-and-sky-news-just-ruin-apples-beatles-surprise/

he story kicked off with the headline:

“The whole of the Beatles back catalogue will be made available to buy on iTunes, Yoko Ono has told Sky News.”

But almost immediately after publishing the story Sky News killed it, leaving nothing but a blank page in its wake. Google News had a cache of it for a brief time, but that too has apparently disappeared in record time. 9to5mac spotted the article and reached Sky News for more information, only to be told that the news organization was unable to comment.

History?

An artist spend 16 years to paint the Nanking, 9:00 September 9th 1945 to reflect the Surrender of Japanese Forces.

Compare this to the photo taken then:

My question is who bowed to who?