Thursday, January 23, 2003
Thursday, it was 10 out. Cold as hell, and it looks like it will stay that way for awhile. Makes it hard to get out of bed in the morning when you can see your breath, but it's nothing that the oven set to 500 can't cure.
It looks like there is trouble for Wall Street. The SEC is going after KGMP, one of the Big 8 accounting firms, of which there are 5 left. Five families.
R. Kelly was caught with pictures of a little girl, again. He faces 12 counts in Flordia, each carrying a potential 5 years. Fame.
Music sales in the U.S. fell for the second year in a row. Reasons: retail environment, a no hits, widespread downloading and growing competition from videogames and digital videodiscs. Through Dec. 22 sales of compact discs, which comprise 94% of total music sales, fell 9.3% to 624.2 million units, from 688.2 million units for the same period in 2001; source: Nielsen SoundScan. The drop in compact-disc sales comes on top of a 2.8% decline in total U.S. album sales in 2001, the first back-to-back annual drop in more than a decade. Source: WSJ. Burn Baby Burn!
Meanwhile, Hilary Rosen is stepping down from the Recording Industry Association of America, that's the group of Record companies that pony up a 50 million dollar budget to promote Record company interest which has amounted to fighting that kid that hacked together Napster. They are taking aim at all the other File sharing software services, such as Kazaa; so if you don't see the difference between copying songs from the Radio, or filesharing; and you would like to puke, check out their 50 million dollar campaign against "pirates" and the rest of the people who buy music through the monoplistic distribution channels that Record companies have enjoyed for 50 years. However, I think it was the band Fear, who said: "This is Estonia, not LA"
They are talking about charging a toll on the Brooklyn bridge. What's next, privitazation and an IPO? That would be the only thing that Wall Street's Investment bankers failed to sell in the past 10 years. Parastrokya See you at Zenmatic.tv
Hinky 9:56 AM
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Wednesday, January 22, 2003
Today is hump day, third day of the work week. Today a court tuned down Verizon's appeal to stop music companies from getting client names who are suspected of pirating music. ISPs have to turn over names of people who are transfering copyrighted materials to Music companies, who will presumably go after them. I can't see much good faith flowing from consumers to Music companies if this happens; but we'll see. Meanwhile, watch your Kazaa, if you know what I mean.
Looks like Wall street investment banks are getting fined upwards of 4 Billion dollars for providing false information to the investing public for the last 10 years or so. That's a lot of money, but compared to what? There is 7 Trillion dollars in market value missing from the Economy. That's 7000 Billions. Where is the punishment; apart from the investor fear and loathing that should take a generation to shake? That's about 2.5 Dog years for you and me. Til then, you'll do better buying a Hot dog wagon with your savings. Investors pulled out more money from Stock funds this month, than they put in for the first time in 14 years.
I added a Banner ad for Adbusters.org on Zenmatic.tv. The banner is for Buy Nothing Day.
I drank 6 glasses of water so far, ate tuna for lunch, and
Al Sharpton and Lieberman are running for Pres. as Democrats. This should be good. It's good when things get controversial. Shock entertainment has maid it's way to the Big house.... we'll see about that too I guess. Wish I had something catchy to leave you with; but I drank 6 glasses of water today and my eyeballs are floating.
Hinky 4:23 PM
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Monday, January 20, 2003
Is Martin Luther King day, a late rise. Have been busy with the Zenamtic.tv. Going to the mall; be back later to tell you all about it after i puke....
Hinky 1:32 PM
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