Mubarak Moves to Regain Streets as Turmoil Hits Yemen (Bloomberg)
“There is no chance Mubarak can last until September, there is too much water under the bridge,” said Rime Allaf, associate fellow of the Middle East and North Africa Programme at London’s Chatham House. “The protests won’t stop until he leaves or is ousted. The opposition is clear that they want the fall of the regime, not just Mubarak.”
Another Rajaratnam Named in Ring (WSJ)
The government’s move emerged in recent days in court filings related to charges against former Galleon trader Michael Cardillo, who pleaded guilty last week in a New York federal court to securities fraud and conspiracy to commit securities fraud. In filing charges against Mr. Cardillo, prosecutors cite a co-conspirator, or “CC-1,” whom they allege participated in an insider-trading scheme with Messrs. Cardillo, Rajaratnam and others. “CC-1″ is Raj’s brother, Ragakanthan Rajaratnam, a Clorox Co. vice president, according to people familiar with the matter; he worked at Galleon between 2006 and 2009 as a portfolio manager. Prosecutors haven’t disclosed any charges of wrongdoing against Ragakanthan Rajaratnam, 49, in the insider-trading investigation.
Wall Street Pay Hits Record $135 Billion (WSJ)
In 2010, total compensation and benefits at publicly traded Wall Street banks and securities firms hit a record of $135 billion, according to an analysis by The Wall Street Journal. The total is up 5.7% from $128 billion in combined compensation and benefits by the same companies in 2009.
Nevsky’s Taylor Scales Back With $800 Million Fund (Bloomberg)
Nevsky Capital LLP’s Martin Taylor, who decided a year ago to step away from the “intensity” of running a $3.3 billion hedge fund, is starting a new version one-fourth the size, said two people with knowledge of the plan. Taylor, 41, and partner Nick Barnes, 36, aim to manage a fund with no more than $800 million when they shut their London- based Nevsky Fund Ltd. at month’s end, according to the people, who asked not to be identified because the information is private. Requests by clients to join the new fund, which will invest mainly in global stocks with a focus on emerging markets, have exceeded the amount Taylor and Barnes want to oversee.
Marc Faber: Bernanke, BLS Lie About Inflation (CNBC)
“I guarantee you … the annual cost of living increases are more than 5 percent, and the Bureau of Labor Statistics is lying,” Faber told CNBC at the Russia Forum in Moscow.
Facebook, Twitter Valuations Fuel Trading Surge to $7 Billion (Bloomberg)
Xpert and Gate will be competing with SecondMarket Inc. and SharesPost Inc., which gained popularity last year as investors poured billions of dollars into Facebook, Twitter Inc. and Groupon Inc. The value of the transactions may almost triple to $6.9 billion in 2011 from $2.4 billion in 2009, according to Nyppex LLC, a New York research and advisory services firm.
Sex Tape Sends Pop Star To Prison (WSJ)
The 29-year-old Nazril Irham—lead singer of a popular band in Indonesia called Peterpan and known to his fans and friends by the nickname “Ariel”—was sentenced to 3½ years in jail and fined $28,000 for two blurry, homemade sex videos seen by Internet users across Indonesia, the world’s most-populous Muslim-majority nation. One video shows him and his current girlfriend, a well-known actress. The other shows him with a former girlfriend, also an actress.
Deutsche Bank’s Moscow office raided (FT)
Russian police raided the Moscow offices of Deutsche Bank, Germany’s largest lender, on Wednesday, as part of a fraud investigation into one of the bank’s clients. Russia’s Prosecutor-general’s office said the search was part of an investigation into a suspected $87m fraud in the construction of the Hotel Moskva, just off Red Square, one of the most blighted construction projects in Moscow which has been under way since 2003.
Another Huge Winter Storm Disrupts US Flights, Traffic (AP)
Flight tracking service FlightAware has logged almost 6,000 cancellations for Tuesday.
bang a thai hooker, marc, you’ll feel better.
-Benji
This is what happens when you let Disney animators hide penises in the background art of movies.
This is what happens when you let Disney animators hide penises in the background art of movies.
Ordinarily, I would understand that comment, but I haven’t had my first bong hit of the day yet.
what?
Think he’s on about “Ariel” from Little Mermaid’s wedding scene.
Or he’s on about his bonus, who knows.
Any ladies hungry for an extra-spicy Rajaratnam sandwich?
Perhaps I can be of some subliminal assistance here. To start our chilly day, the delightful Ms. Levin has tossed to us some snippets of the news to tittilate us as the business day unfolds. And in this morning’s audience, PasteSpecialFormats was sifting through the news items like a clam at high tide. At one point, the article about the jail time an Indonesian celebrity must face due to a home made sextape making its way to the internet was seen and commented upon by PasteSpecialFormats. In that news article read by PasteSpecialFormats and the rest of us, a “Peterpan” and “Ariel” reference were made. That such Disney-fied names as “Peter Pan” and “Ariel” were together involved in the story of the tawdry, low-quality videotaping of the bumping of Indonesian, celebrity owned uglies immediately caused PasteSpecialFormats to strike out with conviction and associate said story with the legend of Disney animators hiding salacious references to sex and body parts in feature films as part of a nearly 100 year old pranking history. Specifically, PasteSpecialFormats referred to this: http://www.snopes.com/disney/films/mermaid.asp
Of course, what makes all this funny is that PasteSpecialFormats was able to grab an ongoing urban legend known for its incredibleness and weave it into the stream of consciousness in the comments section here, thus creating the brain chemical altering analysis of a Disney film related to home videos of Indonesian celebrity “rogering”. Such absurdity produces a brain chemistry among the alert that leads to smiles, tittering, snorts, giggles and the like, all of which are the result of the joke by PasteSpecialFormats this morning. Other references in the literature point to “Peter Pan” stories among urologist nurse jokes, certain cannibal cooking appliances and what a man uses to recycle expensive Mazola oil after a nude game of Twister.
Disney jokes abound outside of the more cerebral comment of PasteSpecialFormats this morning. Some punchlines only:
1. “Minnie must be crazy because she’s fucking Goofy!”
2. What has 8 dents in it and sleeps? Snow White’s hymen……”
3. “….He was looking for Pooh!…”
4. “….Pinocchio said to Gepetto, “After sanding it, who needs a girlfriend!?…..”
Wall St pay hits record….
Queue Main Street complaining music….now.
Wall St pay hits record….
Queue Main Street complaining music….now.
Fuck you Lickity Dick. Just wait your turn is coming.