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Hangover relief (not really), Weekend edition

So despite my suggestion DB missed coverage of the neat little debacle going on re: Tax Evasion/Lichtenstein. Saw something interesting about it http://businesstechnologyinnovation.blogspot.com and the WSJ covers it here http://online.wsj.com/article/SB120492811502520489.html?mod=hps_us_inside_today

FBI is investigating Countrywide, because, frankly, they really need more shit on their plate right now, http://www.reuters.com/article/newsOne/idUSN0838569920080309

Weekends are set to get slightly more expensive, as a friendly neighborhood importer of late-nights has rudely been detained, http://www.reuters.com/article/newsOne/idUSN0939868020080309

For Girl, and all of our friendly aspiring politicos, or President in Cheif has, in his infinite wisdom, decided to use his veto power to shutdown a bill limiting the use of waterboarding, etc, enjoy http://www.nytimes.com/2008/03/09/washington/09policy.html?em&ex=1205211600&en=8066619a29153d41&ei=5087%0A

Boeing has "serious concerns" about the awarding of the Air Force's new refueling rig to Airbus/Northrop, here we go Brady version 2.0 http://www.bloomberg.com/apps/news?pid=20601087&sid=aMf.__hvnNRQ&refer=home

Some other stuff happened, nothing new, i.e. GM sucks (more), Pauson "Housing issues will take time to work out..." (ed: no shit), Apple releases new iphone software @ SDK conference (engadget live-blogged it, check it) - looks to take share from RIMM, blah blah etc etc...

Comments

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posted by hedgingrisk

Mar 09, 2008 6:38PM

Blog land is all excited about negative TIP rates, nationalization of the banking issues via increased FED TAF actions.

http://www.nakedcapitalism.com/2008/03/covert-nationalization-of-banking.html

If you are wondering exactly how other nations and sub sectors are doing in total return Year To Date check out...

http://www.stockq.org/wide_en.php

No sign of decoupling unless you look at the Bermuda stock exchange which is up 7% so far this year. I am trying to figure out why 66,163 people even need a stock exchange...

posted by Anal_yst

Mar 09, 2008 7:24PM

@ hedgingrisk

its so they have an excuse to live there

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posted by hedgingrisk

Mar 09, 2008 7:44PM

@ Anal, So if you could do your job anywhere... Where would it be?

Bermuda come up this weekend as we tried to figure out the best place to trade and chill, while the world markets become unhinged.

So where would you retire to trade the world markets from, if you could pull the pin on the NYC scene?

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posted by girl

Mar 10, 2008 9:21AM

Anal_yst: I'm honored that you graced my nascent political career while I was out in the coutnry this wknd- will return the favor in kind the next...with a suitable anally related article if i can find one.

In all seriousness the article cited is just too full of gems to even spark an argument - but there are 2 things that caught my eye:

That a- John McCain is so desperate for the support of the current administration, he voted for torture despite having been a prisoner of war and formerly having spoken out about his treatment while POW to garner sympathy and the "heroicism" vote.

b- Bush states that “The fact that we have not been attacked over the past six and a half years is not a matter of chance..." while the 9-11 comission made it quite clear to anyone who can read that 9-11 itself was not a matter of chance but sheer dismissal of various warnings received by our own government.

Personally I'm resigned to the argument that history and god shall judge these men.

posted by GinNTonic

Mar 11, 2008 1:05AM

Ugh I have to copy & paste links

posted by Anal_yst

Mar 11, 2008 9:18AM

We'll work on the html for next week, butt for now, heaven forbid you take the 1/8th of a calorie to ctrl c/ctrl v...

posted by mrpink

Mar 14, 2008 4:20PM

So, Anal_yst, how bout we tag team on this weekend's posting... I'm going to be working, so if any hot BSC news hits the reuters wires, i'll post...

-mrp

posted by Anal_yst

Mar 15, 2008 11:27AM

Im down for sunday, you wanna do saturday, er, i guess that'd be today, ughhh

posted by mrpink

Mar 15, 2008 1:56PM

LOL I just woke up from a night of celebrating Bear's demise...

More interesting news after the.... coffee.

posted by mrpink

Mar 15, 2008 2:00PM

10:50 15Mar08 RTRS-CITIC SECURITIES SAYS CANNOT GUARANTEE IT WILL INVEST IN BEAR STEARNS
10:52 15Mar08 RTRS-CHINA'S CITIC SECURITIES SAYS TO CLOSELY MONITOR SUBPRIME IMPACT ON DEAL WITH BEAR STEARNS
10:53 15Mar08 RTRS-CITIC SECURITIES SAYS HASN'T COMPLETED DUE DILIGENCE OR PAID ANY MONEY TO BEAR STEARNS
10:55 15Mar08 RTRS-CITIC SECURITIES SAYS STILL NEGOTIATING WITH BEAR STEARNS ON MAJOR TERMS OF INVESTMENT DEAL
11:30 15Mar08 RTRS-CHINA'S CITIC SAYS CANNOT GUARANTEE COMPLETING $1 BLN INVESTMENT IN BEAR STEARNS

SHANGHAI, March 15 (Reuters) - China's CITIC Securities
said on Saturday it could not guarantee it would
complete a deal to invest about $1 billion in Bear Stearns
given the U.S. investment bank's financial crisis.
On Friday, Bear hammered out an emergency funding deal with
the U.S. Federal Reserve and JPMorgan Chase, saying its
liquidity position had deteriorated.
"Our company has noticed the recent financing arrangement
between Bear Stearns, JP Morgan Chase and other financial
institutions, and we have also considered factors including the
sharp fall in Bear Stearns' share price," said CITIC Securities,
China's largest listed brokerage.
"We cannot guarantee reaching a final agreement in the
future," it said in a statement emailed to Reuters in response
to media enquiries.
Last October, Bear and CITIC Securities announced plans to
invest about $1 billion in each other and form a joint banking
venture in Asia.


Moodys:

NEW YORK, March 14 (Reuters) - Moody's Investors Service on
Friday cut its ratings on Bear Stearns Cos and said it
may cut them again, after the bank said a sudden cash crunch
forced it to turn to the Federal Reserve and JPMorgan Chase for
emergency funds.
"Bear did not face any sizable net write-downs or credit
losses, and its franchise was intact," Moody's said in a
statement. However, "Bear's customer franchise has been hurt by
this crisis, and it will continue to erode if a long-term
stabilizing solution is not quickly achieved."
Moody's cut Bear's long-term ratings by two notches to
"Baa1," the third-lowest investment grade.

Reuters Commentary:
NEW YORK, March 14 (Reuters) - Credit market turbulence, a
Federal Reserve policy meeting, stock market moves and data on
U.S. industry and housing will drive U.S. Treasuries prices in
the coming week.
Trading opens Monday after two-year note yields
sank as low as 1.38 percent on Friday, their lowest since
mid-2003, as investors rushed to safety on concerns about
risks to the banking system.
Whether the rescue of Bear Stearns, with J.P. Morgan Chase
and the New York Federal Reserve pumping emergency funds into
the cash-squeezed bank, will calm credit markets is a question
unlikely to be answered soon, analysts said.
"If you want to track the progress made toward resolving
this problem, simply turn on your computer once a day and see
where the two-year note yield closed," said David Resler, chief
economist at Nomura Securities in New York. "Until you start to
see two-year yields pushing north of 2 percent -- and I do not
expect to see that any time soon -- you can be pretty sure that
the credit crisis is still going on," he said.
That prognosis is likely to remain a persistent source of
support for safe-haven U.S. Treasuries in coming weeks.

DATA ON INDUSTRY, HOUSING
Fresh economic data, including housing starts and
industrial production, will punctuate a four-day trading week.
The market will shut on Friday for the Good Friday holiday and
will close early on Thursday for the three-day Easter weekend.
"The data will help determine where we are in this economic
downturn," Resler said.
February industrial production will be down, consistent
with the drop in hours worked and payroll jobs, Resler
predicted.
"It's hard to find any industrial sector that is likely to
have enjoyed growth last month," he said.
Economists polled by Reuters offered a median estimate of a
0.1 percent slip in February industrial production, versus a
slim 0.1 percent increase in January.
"The manufacturing component of industrial production has
been running roughly flat for the past several months, which is
how I see the economy: as running roughly flat," said Daiwa
Securities America Chief Economist Michael Moran, in New York.
Early regional reports on manufacturing from the Federal
Reserve Bank of New York and the Philadelphia Fed will offer
bond investors perspective on the most recent developments.
They are likely to show manufacturing remained weak or weakened
further in early March, Resler said.
Economists in a Reuters poll also estimated that housing
starts fell in February to a seasonally adjusted annualized
rate of 990,000, from 1.012 million in January.

THE FED
Distant are the days when the Fed seemingly sat on its
hands during the weeks between scheduled policy meetings, with
Fed officials traveling the luncheon circuit with mainly
similar messages on the state of the economy.
Since August, the Fed has been busy managing credit market
disruptions, attempting to keep increasingly rocky lending
conditions from undermining economic growth. To that end, it
first invented Term Auction Facilities, or TAF, to temporarily
flush cash through the banking system on an as-needed basis.
This week, the Fed revealed an even bigger mousetrap, a new
Term Securities Lending Facility, dubbed TSLF, to provide up to
$200 billion of Treasury securities in exchange for debt,
including federal agency debt, federal agency mortgage-backed
securities and non-agency AA/Aaa rated private label MBS. This
provided relief to portfolios overweight with distressed
assets, said IDEAglobal U.S. Chief Economist Joseph Brusuelas.
On Friday, the Fed acted again, this time orchestrating a
bailout for investment bank Bear Stearns by arranging
for JPMorgan Chase to secure emergency funding for Bear Stearns
as necessary, for an initial period of up to 28 days. It was
the Fed's first rescue of a broker since the Great Depression.
"There is no doubt about the creativity of the current
Fed," said Decision Economics senior economist Pierre Ellis.
After all this handiwork, a simple rate cut by the Fed
could seem like a routine affair. Indeed, a rate cut at the
Fed's meeting on March 18 is a foregone conclusion, with the
debate being only over how much the Fed will cut -- 50, 75, or
even 100 basis points.
A series of rate cuts has brought the federal funds rate
down to 3 percent from 5.25 percent in the past six months.
Markets are pricing in better than even odds of a full
percentage point interest cut by Tuesday's meeting, which would
be the steepest one-time reduction in several decades

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posted by guest

Sep 10, 2008 3:02PM

I must say, the best cure for a hangover is JACK'S Hangover Relief. I have tried everything out there and by far JACK'S is the best. I found my stash at the W Hotel in the mini-bar in NYC. I woke up thrashed from the night before and JACK'S Hangover Relief got me up and going, feeling great in 20 minutes. The great news is it has 2 packs per box so I had some for the next morning.

Thanks JACK, you are a ROCKSTAR!

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posted by guest

Sep 17, 2008 10:51AM

I was at a NASCAR race last weekend camping with the NASCAR NATION and on my third day of partying all day and night, I thought I would never get up to make it to the Sprint Cup Series race on Sunday. Low and behold a Kyle Busch fan came over and hooked me up with a pack of JACK'S Hangover Relief. I slapped back two JACK'S pills and 20 minutes later I was on my way to the pit row.

JACK'S Hangover Relief is the best hangover medicine in the world! It even came in a race car package with 2 packs (one for my flight home on Monday).

Thanks JACK, I just wanted to do my part to spread the word since you saved my butt. I am a customer forever! PS. Kyle Busch won the race...Go figure.

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posted by guest

Sep 22, 2008 11:16PM

Thanks for the advise, I tried JACK'S Hangover Relief last night. That stuff works great!

JACK, You are off the chain. I will use JACKS forever!

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posted by guest

Sep 25, 2008 9:22PM

WOW! This 700 Billion Dollar Government bailout has got me drinking like a fish. We are losing our houses while the company's that sold us bogus mortgages line their pockets from us. I have not been out of bet for 3 days from daily hangovers. Then a friend turned me on to JACK'S Hangover Relief (which by the way came in a political election pack). Now I feel like I can get up and do something about it because I can drink to oblivion every night and wake up feeling like a rockstar!

I think we should write in JACK as a candidate, at least he will give us some good drugs to cope with the upcoming depression. JACK'S needs to be available everywhere, especially during these bad times!!!

GET BACK, VOTE FOR JACK!

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posted by guest

Oct 07, 2008 12:36AM

I was on my third day of racing at the Knoxville Nationals. I t was such a great party time, but the hangover was killing my day at the finals. I was barely able to get up to get to the track to get my autograph from Tyler Walker at a special signing. As I approached Tyler with my T-Shirt to sign, he handed me a sample pack of JACK'S Hangover Relief and he autographed it for me. It was the coolest looking packaging and I immediately opened the box a and slapped back 2 JACK'S! I really needed it. Low and behold, 20 minutes later I felt like a million bucks and made through the day and night racing feeling great.

By far the best hangover relief ever and I have my autographed Tyler Walker pack of JACK'S at home in my T-Dub racing case.

Thanks JACK!

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posted by guest

Nov 05, 2008 9:56AM

WOW, the word about JACK'S Hangover Relief is really spreading. JACK'S is the worlds best kept secret, but obviously not for long.

It is popping up in hotels everywhere. I got my JACK'S at the Meridian Hotel in NYC in my suite. I was there for the MTV Music Awards and really tied one on at the after party. Got back to my room and saw a sign next to my bed pointing me to JACK'S in the mini-bar.

I looked in the dry mini bar stash and low and behold there it was...JACK'S Rock & Roll Hangover Relief! I slapped back a pack. Twenty minutes later I had a good bit of energy left to take care of my girl ;) and trust me, it was better than Viagra! I got up the next morning feeling great and caught my 6AM flight feelin' like a rockstar, oh thats right, I am a rockstar!

I don't leave home without it.

Peace out JACK!

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posted by guest

Nov 07, 2008 11:26AM

I thought I was the only one that knows about JACK'S Hangover Relief. I met JACK in Nashville when he first arrived in town. He shared some of his magic pills with me before they ever caught fire in the US. It worked better than anything I have ever tried, even a bloody mary!

He told me stories of his travels and mission to become the best underground hangover relief medicine, which would spread through hotels and casinos. I have not seen JACK since. I was in Las Vegas last week and saw JACK'S in the hotel mini-bar and I couldn't believe it! He really made it. I came home, looked online and found he is taking the world by storm. JACK always preached about being important to a few customers so if you ever see JACK"S Hangover Relief, make sure you get it, because it is not available everywhere. I bought the whole box and now I drink knowing I can feel great in the morning again!

Congrats JACK, wherever you are!

MJ

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posted by guest

Nov 26, 2008 5:42PM

I finally found a place to talk about JACK'S Hangover Relief. I was in New Orleans for Mardi-Gras and was turned on to a pack from the hotel mini-bar at the Intercontinental hotel. What a savior! I partied all 7 day on end and didn't miss a beat all due to JACK'S. JACK'S Hangover Relief was the talk of the town and everybody knew about it. It was like its been around forever. I brought a bunch back home and have been telling everyone about it. Nothing beats JACK'S.....trust me, I have tried em' all!

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posted by guest

Dec 24, 2008 8:27PM

I was on the wort hangover bender at 4 PM today and had to attend my company Christmas party tonight at 6:30. There was no way I was going to make it. Then, my secretary showed up at my hotel room with a pack of JACK'S Rock & Roll Hangover Relief that she got out of her mini-bar.

I took two pills and in 15 minutes I felt like a million bucks. I showered up and not only made it on time, I gave the welcome speech without a hickup!

I am sending a box of JACK'S to all of my employees and clients for a New Years gift.

Thank's Jack, I am a customer for life!

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posted by guest

Jan 01, 2009 1:22PM

Times Square, New Years Eve at 12:00 AM. The ball dropped and so did thousands of packs of JACK'S Hangover Relief. They fell out of the sky looking like confetti. A pack landed in my scarf and I looked at it in amazement.

I was so strung out from partying all day. I put the pack of JACK'S in my pocket and forgot about it. About 4 AM I woke up with the mother of all hangovers. I could barely lift my head off the pillow, room spinning and feeling dazed and confused. I looked down and on the floor was the magical package of JACK'S Hangover Relief. I remembered it had fallen from the heavens and somehow was here to cure my hangover. I crawled to the pack and grabbed a bottle of water out of the mini-bar. 15 minutes later, I was in the shower and never felt better.

As I looked out of the window of my hotel room down on Times Square, I saw the street workers sweeping up the confetti from New Years Eve midnight festivities. I wondered if there were any more of the magical JACK'S packs left and if I would ever see them again. I went online, found this blog and was happy to read all of the great stories. I sit here pondering where I can get more JACK'S?

Thanks for the best New Years gift ever JACK...wherever you are.

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posted by guest

Jan 01, 2009 1:23PM

NEW YEARS EVE WITH JACK'S HANGOVER RELIEF

Happy New Years Day! I got sooooo hammered last night in Nashville. Great country music and ringing in the new year just about did me in.

I was staying at the 5 Star Hermitage Hotel, and woke up to 2 packs of JACK'S Rock & Roll Hangover Relief next to my bed. The kicker is that it was a complementary gift from the hotel. My throbbing headache and nausea was killing me and I reached over and grabbeded a pack of JACK'S Hangover Cure and in 20 minutes, I literally felt like a rockstar!

It had a cool story on the inside of the pack that ended with "You too can party all night and wake up in the morning feeling like a rockstar". Well I am a living testimony that I did and I do!

JACK'S Hangover Relief is NO JOKE! It works and I thank The Hermitage and JACK'S for making my New Years Eve and the Day After a very memorable one.

I will be never go out partying without JACK'S and I will never stay at any other Hotel in Nashville other than the Hermitage.

Thanks JACK! Happy 2009!

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posted by guest

Jan 09, 2009 1:26PM

I too want to thank The Hermitage Hotel and JACK'S Hangover Relief for saving my New Year weekend in Nashville.

We all know what it is like to be tore up and laying in bed on New Years Day. The problem was that I am a manager at a major department store. I had to be at work at 4:30 AM to meet the huge holiday deal seekers.

I never thought that I would make it and had planned on calling in sick. The wakeup call came about 3:00 AM and it had seemed like I had just shut my eyes. I was exhausted and nauseous and most certainly HUNG OVER! I reached over to answer the phone and I grabbed a pack of JACK'S Hangover Relief that was sitting on my nightstand (a complementary gift from The Hermitage Hotel). I never heard of JACK'S before, but in this case, it was like putting a fire extinguisher next to a burning fire. I opened the pack, washed down two pills with a bottled water and 15 minutes later I rose from the dead. I jumped in the shower and low and behold I made it to work, had plenty of energy and looked as though I had stayed home on New Years Eve.

I don't know how you do it, JACK, but I am a customer for life!

I appreciate all you have done to solve the mystery of how to cure a hangover and I think that The Hermitage Hotel giving this to their guests is the BEST gift ever. JACK'S needs to be in every hotel room in the world (or at least the ones I frequent).

Thanks JACK, Have a great New Year...I'm pretty sure you survived the ball drop :)

Natalie

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