The father of a fallen Marine Lance Cpl. who served in Iraq sued the founders of the Westboro Baptist Church and was awarded almost $11 Million in compensatory and punitive damages. For those of you who are unfamiliar with the Westboro Baptist Church, they organize pickets at the funeras of fallen United States service members with signs saying “God Hates [...]

The federal reserve reported today on the status of the economy and issued a federal funds rate cut of 25 basis points or 1/4% to 4.50%. This cut has been completely priced into the market and the recent price action on the Dow and treasuries suggests that traders were expecting, or at least hoping, for a larger cut of 50 [...]

Apple Inc. has announced they will not accept cash for buying an iPhone. This is absolutely ridiculous! When a company won’t accept genuine United States currency, they won’t be getting my business by credit or debit card either. Apple says they are trying to ward off reselling of the phones by tracking who is buying them. That in itself seems [...]

It seems that Quixtar’s post a couple months ago named “Just Go, Team” didn’t accurately convey Quixtar’s feelings toward TEAM. Quixtar is now filing a lawsuit against TEAM’s parent company, Signature Management Team LLC, and seeking any and all damages possible. The lawsuit claims that TEAM is soliciting IBO’s, using confidential and proprietary company data, disparaging Quixtar,  and more. I [...]

I recently read a great post about investing in so-called Sin Stocks (tobacco, gambling, alcohol, etc) during a market downturn. After the dot com bubble burst these Sin Stocks performed much better than the overall market. Perhaps it’s time to invest in these stocks again. [tags]investing, sin stocks, tobacco, gambling, alcohol, stock market[/tags]

Congratulations to Shawn Knight and Rob Schultz for winning the Barnes & Noble gift cards that I provided for John Chow to gave away during his RSS subscriber competition with Shoemoney.

I have donated a couple $25 Barnes & Noble Gift Cards for John Chow’s RSS contest with Shoemoney and tonight is the last chance for you to enter. There are a couple other prizes up for grabs in tomorrows drawing and as long as you stay subscribed you will continue to be entered to win the many prizes John has [...]

Stocks took a beating today as fears of recession flooded the markets. This has been one of the worst weeks for the market in a couple of months and is being fueled by the continued subprime credit mess and the continued new record setting prices of crude oil, recently flirting with $90/barrel. The irony of the huge selloff today is [...]

Shoemoney has come forward with a contest of his own to rival that of John Chow’s to see who reigns supreme at the end of the month by gaining the most RSS subscribers. Shoe garnered $13,000 worth of prizes from his readers and is giving them away to people who subscribe to his blog by e-mail and also through an [...]

Crude oil has been on a bullish tear recently as it keeps setting new record highs. Recently MF Global announced during a CNBC interview that they anticipate oil reaching $100/Barrel by the end of the year and now more analysts and traders are coming on board with that hypothesis. Oil is now just barely under $90/Barrel heading into the prime [...]