Quote of the day

“You may not be her first, her last, or her only. She loved before she may love again. But if she loves you now, what else matters? She’s not perfect - you aren’t either, and the two of you may never be perfect together but if she can make you laugh, cause you to think twice, and admit to being human and making mistakes, hold onto her and give her the most you can. She may not be thinking about you every second of the day, but she will give you a part of her that she knows you can break - her heart. So don’t hurt her, don’t change her, don’t analyze and don’t expect more than she can give. Smile when she makes you happy, let her know when she makes you mad, and miss her when she’s not there.”

- Bob Marley

Talking to you without even opening my mouth...

From the words of Mr. Whitehead!

Q. What is morality in any given time or place?

A. It is what the majority then and there happen to like, and immorality is what they dislike.

Think about it!

Word of the Day

A freind of mine was talking this girl. And she told him that she was going to get enebriated later that day. The word of the day is Inebriate (the girl spelled it wrong). Inebriate means....
1 : to exhilarate or stupefy as if by liquor
2 : to make drunk

The rainy days make you smarter?

Australian researchers say rain and gloom may be good for the brain by improving the ability to remember.

A team from the University of New South Wales School of Psychology questioned shoppers at a Sydney store over a 2-month period. They found people performed better on memory tests when the weather was bad and shoppers were feeling depressed, Britain’s Daily Telegraph reported Friday.

The Australian findings, published in the Journal of Experimental Psychology, mirror previous research that showed students who were sad received better grades than those who were happy, the newspaper said.

Researchers said being happy tends to promote a carefree thinking style that is less focused on a person’s surroundings, while a mild negative mood can increase attention to surroundings.

AIr Yeezy: Beyond the Hype

The nike air yeezy is said to be THE hottest shoe release since the early 1990s...Pop some popcorn and take a little time out your busy schedule of commenting on the previous post to watch a short documentary by the one and only Davy Greenberg.

How not to shop!

Watch THE HUNDREDS: DON'T BE THAT GUY in How to Videos  |  View More Free Videos Online at Veoh.com
So this is for all you that shop like this.. A word of advice... Dont!

The importance of a moment!

The other day, I read “the greatest mistake that you can make is to be afraid of making one.”

This very moment, right now, excites me. Its power is so dynamic and immense.

If you don’t like something, change it. If your thoughts don’t serve you, change them. If the shoe doesn’t fit, find another.

There’s so much power in a moment. It’s potential energy ready to transform into kinetic energy at our will, whenever we decide to take action.

We’re trained to live passive lives like they’re something to aspire to. Don’t reach for passivity and mediocrity; if nothing else, fail to it.

For me, part of finding the good is understanding the power of a moment. Knowing that it doesn’t last forever. If it’s painful, it’ll be over soon. If it’s enjoyable, know that you should cherish it because it, too, will expire. We live in the eternal moment of now. The future is now. Einstein told us that “everything you can imagine is real.” So imagine. Dream. Experience. Celebrate. Move in the direction you want to go in. Don’t resist change; that’s constant.

Start your action now.

“The secret of the creative life is often to feel at ease with your own embarrassment. We are paid to take risks, to look silly. Some people, like racing car drivers are paid to take risks in a more concrete way. We are paid to take risks in an emotional way.

The film critic is like a medical examiner. He gets the cadaver on the table, he opens it up, and tries to figure out why it died. The filmmaker is like the pregnant mother who is simply trying to nurture this thing. You have to keep the medical examiner out of the delivery room because he will get in there and he will kill that baby.”

- Paul Schrader, interviewed by Terry Gross, Fresh Air

Facebook lets go of their CFO

Very surprising news out today in Silicon Valley. Facebook has let go of its chief financial officer Gideon Yu, reports the Wall Street Journal.
Facebook spokesman Larry Yu confirmed to BusinessWeek that CFO Yu will be leaving the company. Now the big question is, why?

The WSJ’s Jessica Vascellaro speculates in her story that the company needs to get a new CFO because it is thinking of going public sooner than expected. The search for a replacement, she writes, is “likely to renew speculation that Facebook, which has previously said it hopes to go public within the next few years, is stepping up plans to do so despite the rocky economy.”

But this is hard to believe, given the rough IPO market and the fact that Facebook is not yet profitable on GAAP basis. However, the company said at the same time it announced Yu’s departure that it has produced positive earnings before interest, taxes, depreciation and amortization, or EBITDA, for the past five quarters and expects to be cash-flow positive in 2010. Moreover, the fact that Facebook let go of CFO Yu without having a replacement suggests that this was an unexpected move.

Yu’s departure comes as he was in the process of trying to raise money for the fast-growing startup—one of his primary responsibilities as a CFO. Last week, I broke the news that Facebook was trying to raise as much as $100 million in debt financing to pay for its rising technology costs.

Facebook may have a hard time raising money for reasons that go beyond the credit crisis affecting so many U. S. companies. The company received a rich $15 billion valuation when Microsoft took a stake in the startup in October of 2007. It would be very difficult if not impossible to find an investor willing to give Facebook a similar valuation given the steep drop in equity markets over the last year.

“It makes it harder to raise money now,” says one Valley CEO of the $15 billion valuation. “The capital strategy is the responsibility of the CFO. At the end of the day there is no one else to point to.”

In the meantime, here is Facebook’s official statement:

“Facebook confirms that CFO Gideon Yu will be leaving the company. Gideon has played an important role in helping us achieve our financial success, building a strong finance team and establishing the core financial operations of our company. We are grateful to Gideon for his contributions to Facebook and what we are trying to accomplish. Despite the poor economic climate, we are pleased that our financial performance is strong and we are well positioned for the next stage of our growth. We have retained Spencer Stuart to lead our search for a new CFO and will be looking for someone with public company experience.”

German Economist Says Growth May Not Return Until 2010

I recently researched five leading economists for their best predictions on when we will be out of the mess known as our national economy.
Watch for their commentary on the blog in the coming days. And after you listen to their ideas, you can let the countdown begin.


Today's prediction is from Michael C. Burda, Ph.D. of Humboldt-Universität in Berlin. Burda is Professor of Economics and Chair for Macroeconomics and Labor Economics. He has held previous teaching positions at INSEAD and the University of California at Berkeley. His research centers on macroeconomics and the economics of labor markets. He is co-author, with Charles Wyplosz of "Macroeconomics: A European Text" which was published by Oxford Univerisity Press. He is a founding contributor to the gloabl economics policy portal Vox EU.

So, Professor Burda, when will the recession end?

"Historically, recessions in the US have been brief affairs. As far as I can see, in this case we have just started. We haven't seen anything yet. This is a contender for the mother of all recessions, not quite a depression, because Obama seems to have a grip on what needs to be done.

All the same, the US will recover more slowly than Germany and the rest of Europe because it is sitting on a ton of bad mortgage debt. This is an albatross around the neck of the economy. US house prices remain significantly above their average levels over the period 1890- 1990. Here's the picture for a the Case-Shiller index of real (inflation adjusted) house price in the US, compliments of Professor Barth of Auburn Universtiy and the Milken Institute:


The drop in real housing values has enormous implications for the equity positions of US households and for banks and investors who hold the debt issued to those homeowners now sitting on negative equity and having trouble making mortgage payments. If US banks were forced to accept these losses all at once, we'd have to start the banking sector from scratch again. The alternative is to stretch it out over time, which means the US could end up looking more like Japan did in the 1990s.

So in a nutshell I think the recovery will be drawn-out, if we're lucky growth will return in another year's time (beginning of 2010). Maybe a bad bank solution will help. Or maybe Obama will pull off a miracle."

Quote of the day

“The man who bases his actions on independent thought; who reflects and considers before doing anything, and whose judgments are arrived at through logic, is the man who will go farthest today.” - Thomas J. Watson

Thomas J. Watson was a pioneer in the development of accounting and computing equipment used today by business, government, science and industry. He built a worldwide industry during his 42 years at IBM.

The robot doc

Behold the new surgical robot that will perform operations on prostate cancer patients at Bristol Urological Institute.Many people are going into the medical field out of collaege because they think that the deman for doctors and surgeons will always be pretty stable. But look at this robots. Sooner or later, doctors will be replaced with theses high tech creations. In the picture on the right, the robot peels a grape which is slightly smaller than a prostate gland. Welcome to the future!!!