Thursday, June 2, 2011

Around the globe in a daze.

The Parents Television Council ripped cable channel BET and Rihanna for the video for her new single ‘Man Down’ that features the pop star shooting a man in cold blood.  Get real people.  Have you seen what’s on TV, at the movies, and inside your kid’s Xbox? 
The odds of a Greek sovereign debt default are steadily growing and now are on par with the odds that Lindsay Lohan will have a drink sometime.  Moody’s downgraded Greece to Caa1 from B1, putting it on a par with Cuba, and strangely the fate of Greece lies in the hands of German Chancellor Angela Merkel as the preponderance of bond underwriting is provided by the Germans.  At what point do you reach the conclusion you throwing good money after bad? 
Speaking of bond ratings, Moody’s also warned BoA, Citigroup, and Wells Fargo that they could be facing a ratings hit because they will no longer have the backing of the U.S. Government thanks to the Dodd-Frank Financial Reform Act.  Withdrawal of Federal Government support has been hanging over the banks since TARP.  In related news the Manhattan District Attorney will be subpoenaing Goldman Sachs for its role in the financial crisis and whether it was party to a conflict of interests between bank clients and hedge fund managers.  Why should we are about these stories?  Because, it actually shows government agencies showing balls and the ratings agencies getting out of bed with the banks. 
The California Medical Board says it will revoke the license of the Beverly Hills fertility doctor who helped "Octomom" conceive eight children. A six-person panel of the board ruled Dr. Michael Kamrava "did not exercise sound judgment" when he performed the embryo transfer in July 2008 on Suleman, a single mother of six existing children.  That’s an understatement.  Strangely, they can revoke a doctor’s license a lot easier than firing a bad teacher. 
Listened to about 15 minutes of Boston Sports Radio this afternoon and I can tell you I don’t miss it.  The whining and bitching about Bruins’ coach Claude Julien is embarrassing.   The man has taken a team of blue collar overachievers to the Stanley Cup.  What’s he need to do, don a filthy hoodie and illegally tape another team’s practice?
By the way, do you want to know how big the Boston Bruins are in this country?  Nationally, last night’s Stanley Cup Finals Game 1 drew a 3.2 overnight rating and 6 share, the highest ratings for a Stanley Cup Final Game 1 since 1999, which featured the Stars and the Sabres and it marked a 14% increase over last year’s Game 1 between the Penguins and Blackhawks.  What’s even more impressive for NBC, is the ratings do not include the Vancouver market which watches the game on CBC (Canadian Broadcast Company).  Oh yeah, it was a great freaking game too.
Congratulations to Sukanya Roy, 14, of South Abington Township, Pa., wins National Spelling Bee after successfully spelling cymotrichous.  Don’t ask me what the heck it means.
The deadly outbreak of a new strain of E coli in Europe has killed 18 people, sickened more than 1,600 and spread to at least 12 European countries since early May.  The trouble is European officials haven’t yet pinned down the source of the deadly E. coli infections. Raw cucumbers, tomatoes and leafy greens have been implicated in the outbreak, but it remains unclear how the vegetables became contaminated.  And with this news, parents hope to get their kids to eat their veggies went out the window.

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