Fish, Grits & Eggs

The Wolf of Wall Street

2008-12-02T11:16:00.002-05:00

Once upon a time ago, in the bull market of the 1990's there lived a man named Jordan Belfort that made millions on Wall Street as a stockbroker by ripping people off. He was jailed and stripped of his assets and has recently been released. Now, he wishes to share his story to his rise of fame and dramatic fall in his new book, The Wolf of Wall Street.

It's amazing how that part of the business works.

Check out the book--it's a great read and I can't wait for the movie.

Viva Narcissism!

A news segment on Jordan Belfort and his greedy empire:

A clip of Belfort addressing his brokers:

25th Hour Broker Scene

2008-11-25T11:09:00.000-05:00

More finance stuff.

Enjoy!

When Times Were Good on the Street

2008-11-12T12:44:00.000-05:00

With Bonus Time Around the Corner Opt for a Bentley, er Breitling . . .

2008-11-06T07:15:00.000-05:00

For all of you young professionals on the Street, I know you have been working hard through these horrible times in the market. However, we still only have a few more months to go to get our year end bonus--HORAY!

So, what do I suggest you do with some of that bonus. Go out and get yourself a Breitling for Christmas and pat yourself on the back for another year of grinding it out on the Street.

I personally like, and have my eyes set on, the Breitling for Bentley:

Food Network Uses Subliminal Messaging

2008-10-28T09:00:00.000-04:00

Jim Kramer - Bear Stearns Is Fine???

2008-10-18T07:30:00.000-04:00

Damn, did he really say this? I guess we can't win them all . . .

Palin Being a Moron Again . . .

2008-10-06T07:00:00.000-04:00

Nothing new . . .

FRIDAY HUMOR: McDonald's Racist Commercials!

2008-10-05T08:50:00.000-04:00

They should be ashamed of themselves over at Mickey D's! lol

Matt Damon Calls Sarah Palin's Ticket a "Really Bad Disney Movie"

2008-09-28T07:13:00.000-04:00

Which, kind of makes sense . . . lol

The Government Bails out AIG

2008-09-17T07:00:00.000-04:00

Looks like the United States Government finally realized the financial mayhem that would have been caused if it would have allowed AIG to fail. The government decided to bail out the large insurer by offering them an $85 billion short-term bridge loan.

I guess now most people are wondering why the let Lehman die and not AIG. Well, the answer is obvious. Lehman just doesn't matter. Too many firms worldwide have exposure to AIG and imagine the collapse that would come if it would have failed. Yup, lots of payouts of credit default swaps. Hey, let's not forget that it was the repo market that ultimately put the bullet in Lehman's head.

Well, Uncle Sam, you've saved the world for now . . .

GOD BLESS AMERICA!

AIG is the Next to Blow!

2008-09-15T23:54:00.003-04:00

With the fall of Lehman and the recent acquisition of Merrill Lynch it now looks like another firm in the financial services industry is about to go under.

Word on the street was that AIG had about 48 - 72 hours to live if it couldn't raise a few billion dollars within this time frame. Well, they were downgraded and have to raise about $75 billion to survive.

The world is dying . . .

"Damn, I told you we should have cashed that damn check!"

COVER OF TODAY'S JOURNAL

2008-09-15T05:57:00.004-04:00

Pretty scary stuff

Bank of America and Merrill Lynch to Merge?

2008-09-14T20:00:00.000-04:00

The Wall Street Journal Online reports that Merrill Lynch and BofA are in talks to merge. Personally, I think this sucks; but, if it's for the better good of mankind then let it be.

LEHMAN BROTHERS IS DONE!!!

2008-09-14T19:47:00.003-04:00

Barclay's recently announced that they are walking away from talks to purchase the ailing investment bank. Now, with no purchaser, we could be awaiting a market meltdown in the morning.

Curious to see how this plays out . . .

Throwback Video - Common "I Used to Love H.E.R."

2008-08-31T10:33:00.000-04:00

FRIDAY HUMOR: Is Gordon From Sesame Street a Reformed Pimp?

2008-08-29T09:22:00.000-04:00

Remember Gordon from the old-school Sesame Street back in the day?

Well, here's Gordon's secret past!

More Wall Street Humor: The Dull Life of a City Stockbroker

2008-08-29T07:05:00.000-04:00

Funny to see how the British view the world of finance careers. Here's a funny skit from an old Monty Python episode about a City (British version of Wall Street) stockbroker:

ALBUM REVIEW: I Pledge Allegiance to the Grind II

2008-08-26T07:00:00.000-04:00

I know that Killer Mike is not the best rapper out these days. Actually, he is kind of whack, but okay listen to (kind of like KAnYe). That's probably why Outkast kept him on the back burner. Andre shunned him and Big Boi had some mercy and brought him over to Purple Ribbon. Eventually he caught beef with Big Boi and decided to venture out on his own hence the I Pledge Allegience to the Grind series.

I've never heard Part 1; however, I decided to go out buy Part 2 (don't ask me why) and the album is actually hot. The production is dope and the guest appearances, which range from Shawty Low to Ice Cube to Eightball and MJG to Chamillionaire are on point (no signs of the Dungeon Family though). The album is actually a banger. Though, I could imagine it getting more bump in the south than up here in New York; but, hey . . .

If you have an open mind and/or have been wondering what Killer Mike has been up to lately then check out "I Pledge Allegiance to the Grind: Vol 2". Trust me when I say you will be pleasantly surprised with the results.

Happy Monday . . .

2008-08-25T07:00:00.000-04:00

today . . .

. . . and tomorrow

STOP SNITCHIN!"

Banker Goes Crazy and Destroys Office!

2008-08-24T07:30:00.000-04:00

An investment banking associate goes crazy and trashes his office after he learns that he won't only be missing out on a bonus this year; but, he's not getting promoted to VP.

It sucks, but it's funny as hell how he gets his @ss kicked at the end.

New Business Card

2008-08-23T07:30:00.001-04:00

The Dopest Rolex: Yacht-Master II

2008-08-23T07:30:00.000-04:00

This watch is just sooooooo SEXXXY!

FRIDAY HUMOR: Banned Racist SONY Commercial

2008-08-22T09:00:00.000-04:00

President Bush Photographed Doing a Bump!

2008-08-22T07:20:00.000-04:00

A chest bump that is . . .

SNEAKER ALERT: Adidas Star Pack

2008-08-21T07:33:00.000-04:00

Some dope Ah-dee-daz to look forward to . . .

As you can see, they currently come in "NYPD Blue", "Blood Gang Black & Red" and "Usain Bolt Green."

Enjoy!

McCain Ad Calls Obama the Anti-Christ

2008-08-21T07:30:00.001-04:00

Well . . . sort of . . . Just listen to the quotes from the Book of Revelation.

Obama Disses Clarence Thomas During Interview

2008-08-20T07:45:00.003-04:00

Here is what Obama had to say in a recent interview with Rick Warren when asked what Supreme Court Justice he would not have nominated:

Barack Obabma: "I would not have nominated Clarence Thomas. I don't think that he, I don't think that he was a strong enough jurist or legal thinker at the time for that elevation. Setting aside the fact that I profoundly disagree with his interpretation of a lot of the Constitution."

Here's the clip:

Damn Barack, that was just plain cold!

Want to Increase Sales? Then Drop the Dollar Sign

2008-08-20T07:31:00.000-04:00

The Wall Street Journal reports that a recent study by Cornell University researchers found that restaurants that dropped the dollar signs from their menus actually saw an increase in sales.

Though the study is geared toward to restaurants it is believed that its findings can be applied to all businesses.

To be honest, I can truly say this works. Now that I recall, if I look at a menu that doesn't have dollar sign I tend to order more expensive dishes or add on extra drinks, appetizers, dessert, etc. This effect is enhanced if the menu displays the prices in a single or two digit format (i.e. 34 versus 34.00).

Next time you're out eating, be on the lookout for this.

Happy Eating!

THE BEARS ARE WHO WE THOUGHT THEY WERE!

2008-08-20T07:30:00.000-04:00

An old clip; but, I still think was funny when I saw it on ESPN last year. I can't help but to laugh at this guy.

What a sore loser. I think this will be my saying for the rest of this month when I do something wrong.

What Makes Michael Phelps So Damn Cool?

2008-08-19T07:40:00.001-04:00

As you all may know, Michael Phelps broke the record and has obtained the most gold medals in a single Olympic competition.

Go Mikey!

But, what really makes Michey "The Flying Fish" Phelps cool is his "hype music". According to The New York Times Phelps likes to listen to Young Jeezy, Jay-Z and Rick Ross to liven him up before his swimming events.

Here's the quote:

"Before a race, he tunes out the world by listening to artists like Young Jeezy, Jay-Z and Rick Ross. The music transforms him. His goofy grin dissolves into a glower, his eyes turn cold as ice. The hip-hop beats have a hypnotic effect on Phelps, who sometimes, after a race, is unable to recall the songs that locked him into his groove."

Yeah, Phelps, let them know that Hip-Hop doesn't just cause young kids to sell drugs and commit crimes!

Now with that million contract from Speedo, you'll really be ballin' with these guys. Hey, you don't even have to buy the jewelery because you have eight new pieces of bling you can wear out to the club when you're popping those bottles of Dom P.

Obama to Shortly Name Running Mate!

2008-08-19T07:36:00.003-04:00

Word on the street is that Barack Obama will shortly announce his choice for a running mate and possibly as soon as tomorrow!

Currently, the top three choices (in no particular order) are:

Evan Bayh of Indiana
Gov. Tim Kaine of Virginia
Senator Joseph R. Biden Jr. of Delaware

-FGE

Things Look Bad for Freddie and Fannie

2008-08-19T07:36:00.002-04:00

At the end of Monday's trading shares of Freddie Mac were down 25% and shares of Fannie Mae were down by 22%. To make matters even worse, both stocks are down over 90% from a year ago.

This huge drop in price is attributed to market concern that the two mortgage giants will be unable to avoid a government bail out. The reason being that Freddie and Fannie will not be able to raise enough money to offset resent losses due to mortgage defaults.

To matters even more worse, the price of Freddie and Fannie bonds have fallen and the spreads between Freddie and Fannie debt to Treasuries have widened to an increase in yield. Yields on debt instruments increase as risk in the issuer rises in order to compensate bond purchasers for the decreased likelihood that they would see a return of principal and future cash flows from interest payments.

With total losses between the two firms totaling over $14 billion in the last four quarters, it's hard to see how this is going to play out.

McDonald's is Doing Alright!

2008-08-18T07:35:00.000-04:00

I believe on July 24th I posted a little article on how McDonald's would be a good stock pick to add to your portfolio. Well, I hope some of you listened because it has been going for a pretty nice ride since then.

When I wrote my post in favor of the "golden arches" it was trading at $58.37 and it closed this past Friday at $64.20. That's right, if you would have picked up a couple shares of Mickey-D's you would have made a nice little premium.

Yup, I'm going to run some analysis on a few other picks and we'll see how I do.

Ed McMahon House in Danger of Foreclosure, "The Donald" Helps Out

2008-08-18T07:32:00.000-04:00

For television star, Ed McMahon, is in danger of his $7 million Beverly Hills mansion going into foreclosure. However, all is not to fear as Donald Trump has recently stepped in to buy a lien on the mansion and is renting it back to McMahon--good for you Donald!

After sustaining a neck injury, McMahon was unable to earn income from making commercials and as a result ended up defaulting on this multi-million dollar mortgage. Countrywide was the issuing bank of his loan.

If you don't know who Ed McMahon is, he's the guy that acted as Johnny Caron's sidekick on the Johnny Carson show.

What I really want to know is what's in it for Trump. You know he's not going to help this guy out of the kindness of his heart.

Being that Ed is 85 years old and suffering from a neck injury, I suspect Trump's bet is that this guy dies within the next 3 - 5 years at which point he'll sell the home for a premium.

Looks like no one is safe from the "mortgage crisis."

Donald Trump A.K.A. The Devil Himself: "Ha ha ha! Eddie Boy. You only have three more years left of living then I can flip your home for 10 times the price I bought it for!!!! Ha ha ha ha!"

Ladies and Gentlemen, Usain Bolt . . .

2008-08-17T10:23:00.007-04:00

This guy is so fast that he slowed down to celebrate during the last 15 meters of the race and still won the gold.

Bumba-clat bwoy!!!!

Sien!

Irie mon, a new world record!

O-Mazing Grace!

2008-08-17T07:30:00.000-04:00

Happy Sunday, folks! And an equally early Merry Christmas!

Hey, he has a lot more courage than me.

Phelps Did It--Eight Gold Medals!

2008-08-16T23:12:00.003-04:00

Just finished watching the relay and boy was it amazing. Take that Aussies!

Tyson Gay -- LOSER

2008-08-16T10:10:00.002-04:00

Do you beleive that this fool didn't even qualify for an individual race in the Olympics? What a loser. I say send him home now!

Spain Just Doesn't Give A F***!

2008-08-16T06:30:00.001-04:00

Yup, the men's Olympic basketball team was seen taking pictures with their eyes "pulled in Oriental fashion" and now the tennis team jumps on the band wagon.

Damn, I could imagine the jokes they have about black people over there. I'd hate to see the pics these guys take if the game were ever held in Israel. Yeah, I could these fools sporting thin mustaches and swastikas.

FRIDAY HUMOR: What ever happened to Hamburglar?

2008-08-15T09:35:00.000-04:00

The glory days of good old Hamburglar:

Where he is now:

Chinese Teachers Given Bonuses to Send Students to College

2008-08-13T07:12:00.000-04:00

Teachers in China are given bonuses based on the amount of students they send to top universities in China and around the world. That's right, teachers actually are given an incentive to produce good students and educate them well.

It looks like we can learn more from the Chinese than how to use chop sticks and win gold medals.

Stockbroker Loses it At Work

2008-08-11T23:00:00.000-04:00

How many of us have felt like doing this at work?

Just watch:

SNEAKER ALERT: ZOOM TEAM EDITION SUPAS

2008-08-09T09:44:00.000-04:00

Look for these kicks at a sneaker store near you. These are sick, sick, sick, SICK!

Friday Humor: Gentrification is Not Only Affecting Harlem, Sesame Street Has Been Hit Too!

2008-08-08T22:30:00.000-04:00

. . . and Trump is to blame!

WATCH OUT LEBRON!!!

2008-08-08T07:00:00.000-04:00

This kid will prob be the best basketball player ver.

New Era Dark Knight Collection

2008-08-07T11:00:00.001-04:00

Just when you thought the hype could be stretched no further over The Dark Knight, New Era launches a line of fitted hats inspired by the film.

However, I'm particularly feeling the yellow "Joker" fitted.

Check the official site here: http://www.neweracap.com/darkknight/

Don't Tell Garnett He's 7 Feet Tall

2008-08-06T07:00:00.001-04:00

Or, he'll correct you on live television!

Throwback Video - Ice Cube "Today Was a Good Day"

2008-08-05T10:37:00.001-04:00

Ex Bear Managing Director Points Finger at Goldman for Firm's Failure

2008-08-05T07:01:00.001-04:00

A former senior managing director at Bear Stearns has announced that he is writing a book that details the events caused the collapse of the financial firm.

Reports reveal that the unpublished manuscript goes in heavy detail about what was going behind the scenes at the investment bank before it failed and was eventually bought out by JPMorganChase. However, the real juicy part of the story is that the anonymous author states that Goldman caused the firm's demise when a certain Goldman official sent an email stating that they will no longer act as the intermediary for Bear and its investors. As a result, the firm's stock was sold short and investors and creditors pulled money and debt off the books like Cabbage Patch dolls in the Christmas of '85.

I'm curious to read this book when it's officially released.

Merrill Pays New Employee $40 Million for 5 Months of Work

2008-08-05T07:00:00.001-04:00

I guess you'll only see things like this in a few places: the NBA, the NFL, MLB and on Wall Street. A franchise that is losing money decides to dish out millions to a new start player in hopes of winning in the future.

I mean, the Knicks do it every time they renew Marbury's contract. Well, I guess now it's Merrill's turn as they recently hired Thomas Montag, a Goldman alum, as the new head of sales.

So yup, this guys is definitely balling out of control and can even keep the $40 million if he decides to leave before the end of the year.

Damn, why couldn't I have this guy's job?

UNDERGROUND ARTIST HIGHLIGHT: Kid Cudi - Day And Night

2008-08-04T09:38:00.000-04:00

This is my song from and underground artist from Ohio that goes by the name of Cudi--Kid Cudi that is.

Check it out!

SNEAKER ALERT: Jordan Classic 87

2008-08-04T08:30:00.000-04:00

I think that these are a nice pair of sneakers. Personally, I am a glutton for retro sneakers and the old school Jordans are some of my favorites.

At an MSRP of about $104 I think these are a good pick to add to your arsenal.

WALL STREET by Oliver Stone

2008-08-04T07:00:00.000-04:00

HAPPY MONDAY!!!

As another week starts and we all begin the grind all over again I would like to spend a special dedication to all of my fellow people working on the Street--Wall Street, that is!

The movie that motivated and continues to motivate us all--Wall Street by Oliver Stone:

Being a Good Athelete Makes You a Good Trader

2008-08-03T07:26:00.000-04:00

Jordan Men's AJF 3

2008-08-02T11:00:00.002-04:00

Another Jordan/Air Force One Fusion.

MEN'S STYLE: Getting the Introductory Rolex for Less

2008-08-02T10:59:00.000-04:00

For those of us young professionals crooning over the elegance and beauty of a hand crafted Rolex, there may be a way for us to get our dirty little hands on one much sooner than we had once thought. And no, I’m not suggesting purchasing a knock-off. The alternative I propose is purchasing a certified pre-owned Rolex timepiece.

Yes, that’ right. It’s kind of like buying a used car, in a way. For example, you can have a brand new Honda Accord or a three year old BMW 5-Series. The choice is simply yours and depends on your preference. However, I would rather take the luxury item. This same principal applies with purchasing a Rolex, which may even appreciate in value as your model becomes vintage.

A used Rolex can be had for about the price of a brand new Tag and a Movado. For example, the Oyster Perpetual Datejust, circa 1980, with 14kt gold trimming hovers somewhere around $3,500. At that price you can take your bonus and drop half the price in cash and finance the rest and be “blinging” in no time. You can keep the watch for a couple of years and possibly sell it for a small profit and upgrade to nicer one.

The best thing about this is that you can impress the ladies at the bar, become the envy of your friends and enjoy the level of satisfaction from a “piece of mind” knowing that your timepiece is fully authentic.

Bling on bretheren!

One of the Funniest Songs and Videos Ever - Trial Time by Mr. Bigg

2008-08-02T10:00:00.000-04:00

"Mr. Bigg got those chickens!"
"You better bring the Navy because I'm about to bring the Army"
"They know about the vacation trip I took to China"

SNEAKER ALERT: REEBOK FREESTYLE MARRIED TO THE MOB

2008-08-02T09:48:00.000-04:00

A must have for the ladies! Look at those lipstick marks . . . just plain sexxxy!

Nike Jordan Barcelona Jersey

2008-08-02T07:50:00.000-04:00

I know jerseys have plaid out years ago; but, I still like to buy them from time to time. Not to wear them; but, to frame them and hang them on my wall.

Here is one that I will definitely be hanging up in the den.

New Era Spike Lee Joint 1.0

2008-08-01T09:45:00.002-04:00

Being a die hard Yankee fan you know I had to post this one. New Era has released a Yankee fitted cap that is adorned with every Yankee World Series ever won. The title for this piece of fitted treasure--Spike Lee Joint 1.0.

With the closing of Yankee Stadium this year, I think that is the perfect hat to commemorate the legacy behind "the House that Ruth Built" and the "Bronx Bombers." Look for it and cop it, for about $50 - $60 that is.

Does Your Company Keep Track of the Race of Its Employees?

2008-08-01T09:37:00.003-04:00

Some time ago at firm that I no longer work for, I decided to look at my employee profile on the intranet. It was a boring night and I had just finished the first twelve hours of my work day with about five more to go and I decided to take a look at how happy I looked in my intranet picture. If I were to asked to take that picture over again my looks would be drastically dissimilar to the smiling beacon of energy and brainwashed new employee showcased on the site.

I then take a sigh of self-pity and began to crunch numbers into the night to ensure that a few reports and several tasks that directors at the firm had asked me to do around 8:00 PM before they left for the evening. About a few hours later I glance at the time on monitor and realize that it’s ten minutes past midnight and decide to check my payroll history to see if my money had been direct deposited.

Like most employee self-service human resources sites, they have this one thing in common—they are just as useless as HR themselves. So after taking about eight minutes to figure out how to check my payroll I came across my record in the employee database and noticed an interesting field: “Race.” Believe me when I tell you that as sure as day my race was listed as African-American.

I ran this same test at several other firms and noticed the same thing. Pretty interesting and I wonder if all companies keep track of this information. Check it out next time you’re on the intranet.

Words From the Wise - Gordon Gecko - Money Never Sleeps

2008-08-01T08:13:00.000-04:00

Friday Humor - Bushisms

2008-08-01T07:27:00.000-04:00

I thought it would be good to set us off into the weekend with a quick funny clip of our great leader, George W. Bush:

Americans Believe the Economy is Getting Worse

2008-07-31T09:27:00.000-04:00

Scary stuff!

Manny Ramirez Wants Out of Boston

2008-07-31T08:45:00.000-04:00

Manny Ramirez recently had and interview with ESPN Deportes where he stated that the Red Sox "don't deserve a player like him."

Apparently, the Red Sox are in the works to trade the big slugger to another team. Rumors have popped up reporting that he could either be on his way to the Marlins or the Phillies.

Manny, why don't you come to New York and don the pinstripes of the Bronx Bombers!!! That would be the perfect way to get your revenge on Boston.

R. Kelly Steals Rev Run's Son's Girlfriend!

2008-07-31T08:00:00.001-04:00

It looks like our good old buddy R. "Lil Drawls" Kelly has struck again. Yup, more youngins for our boy and this time he took Rev Run's son's girl! Oh yeah, I forgot to mention that her name is Baby.

Can I get a TOOT! TOOT! or a BEEP! BEEP! lol

Come on Kelly, at least try to be discreet with it! lol

Remember When Penny Hardaway Was Nice?

2008-07-31T07:50:00.000-04:00

I remember when Penny first came into the NBA and he was the man. His jersey would sell out in the stores, his sneakers would sell out and he even had his own damn doll.

Damn, Penny . . . Let's watch this video in memory of his legacy:

Ciara Scores Victoria's Secret Deal

2008-07-31T07:40:00.000-04:00

Super star songstress Ciara recently signed a deal that will make her a Victoria's Secret model. Looks like the Wilhelmina modeling agency is doing it big for your girl.

I must admit that I used to be in love Ciara after I saw the "Promise" video until she started dressing like a boy. Then I saw her on BET doing that dance at the award show and I'm back on her again.

All I have to say is that I'll be getting the first catalog! :)

My Favorite Jordans (Retro 3)

2008-07-31T01:58:00.000-04:00

Comparison of the '08 Retro 3's versus the '01 release:

Tyra Wins Emmy Award

2008-07-30T09:29:00.000-04:00

In case you guys didn't know, my girl Tyra Banks (the most beautiful African-American celebrity if you would ask me) has scored an Emmy for Outstanding Talk Show/Informative.

Tyra has been doing her thing on the producing tip with her success of America's Next Top Model and her talk show, which earned her an Emmy.

Keep it up Tyra, we love you on this end at FGE!

Using Burgers to Measure the Economy

2008-07-30T09:23:00.000-04:00

I was perusing through the website for one of my favorite periodicals, The Economist, and came across a most curious article. Now, this was not your ordinary article, it was one that defined an index that the world renowned magazine used to gage inflation and monitor the economy.

Just to provide some background before I go any further let’s define two key terms as such:

Inflation—the rise in price of goods and services

Consumer Price Index—the measure of the average price of a basket of goods and services as compared to a base year (i.e. the price of groceries in 1992 versus how much it would cost today)

By having defined inflation and the CPI, let us also recognize the fact that the CPI is used to gage inflation.

The way The Economist measured the change in inflation and the CPI was by creating an index or basket of good and services of one simple good and tracked its change in price over a specific period of time. In this case, this good was the Big Mac. That’s right, our friends over in Britain, at The Economist, thought that the change in price of the famed McDonald’s hamburger was a good enough indicator of the change in our world economy by using it a measure of the change in the purchasing power parity between two currencies. In addition, the appropriately named this index “The Big Mac Index” and it has been in inception since September of 1986.

So, the next time you eat a Big Mac, be proud that you are not only eating big juicy sandwich high in saturated fat and calories; but, you are also eating a piece of the economy and a “major” economic indicator.

Citi Executive Gets $28 Million Not to Work!

2008-07-30T09:00:00.003-04:00

WTF?

You read it right. A top executive at Citi has reported been paid $28,000,000 not to work for competitor firm for the next fifteen months after he resigned from the global bank. Let's also not forget to mention that the executive is the head of the Chairman of the investment banking unit at City--the very unit that is causing the company to experience these problems.

Citi has been a lot of trouble lately as it has seen a 36% decrease in its stock this year, massive lay-offs and billions of dollars in write-downs just to name a few. Now, I wonder how in the hell can they afford to pay an ex-employee almost $30 million not to work for any other firm!

Damn, I hope I grow up to become as valuable as this employee. Imagine quiting your job and your company paying you just so you don't go to work for someone else!

Japanese Commerical Depicts Obama As a Monkey

2008-07-29T09:14:00.000-04:00

If you thought recent magazine cover portraying Barack and Michelle Obama as terrorists was bad, wait until you get a look at this Japanese commercial that depicts Barack Obama as a MONKEY:

Please comment your thoughts on this one!

Foreclosure Leads to Suicide of a Mother in Massachusetts

2008-07-29T09:00:00.002-04:00

It has been reported that a woman in Tauton, Massachusetts took her life this past Tuesday because she was unable to cope with having her home foreclosed. The woman was 53 years old, happily married and was a mother.

Her home was schedule to be auctioned last Tuesday as she had not paid the mortgage on her and her husband’s three bedroom home. The company that issued the mortgage, PHH Mortgage, reported that she had not made payments for the past 42 months.

The auction was scheduled for 5:00 PM that day. However, instead of finding an empty home the mortgage company found the woman’s body and immediately notified the police that she had shot herself to death with her husband’s rifle. When her husband and family were interviewed, they indicated that they had no idea that the home was going to be auctioned as the woman had hid all notices of foreclosure from her family.

Before the suicide, she faxed a letter to the mortgage company notifying them that she would be dead by the time they came to foreclose her home later that day. She also left a note for her family that instructed them to use the insurance money to save the house. The home was worth $232,000 and it is uncertain if her husband will be able to file a claim for the insurance policy he had on his wife.

With the U.S. economy and the housing crisis weighing heavier on the average American and destroying all of these “American dreams” virtually over night, I doubt this will be the last of the sad stories of victims as a result of this mess.

Could Merrill Be the Next to Blow?

2008-07-29T08:55:00.000-04:00

Bulge bracket and multinational firm Merrill Lynch has recently announced that they will be be selling over $30 billion in mortgage assets at a huge loss.

The firm currently plans to try to offset this loss by raising and addition $8 billion in new common stock.

I'd hate to say it because Merrill is my favorite bank on the Street; but, with all the stories I've been reading about this firm in the paper lately I wouldn't be surprised if they blew up.

Former Waitress Brings Class Action Suit Against Jay-Z and the 40/40 Club

2008-07-29T08:16:00.000-04:00

A former employee at the Manhattan location of the popular 40/40 nightclub, partially owned by rapper Jay-Z filed a class-action lawsuit against the sports bar and nightclub.

The former claims that she was paid below minimum wage, was forced to work for tips, had to pay for her breaks and spilled drinks and was not paid overtime.

This isn't looking good for Jigga and the 40/40. I'm curious to see how this one plays out, because the results of this occurrence could have a trickle-down effect that will spill-over to similar situations at other night clubs in the city.

Master P and Son Romeo Bring New Line to Wal-Mart

2008-07-28T09:05:00.002-04:00

In a current Hip-Hop world brimful with entrepreneurs it comes to no surprise that some of the stars on the mic would team up with large corporations. You have the Diddy with his Ciroc joint venture and now we have Master P, Romeo and Wal-Mart.

Being an entrepreneur is nothing new the Master, whose real name is Percy Miller. He started his own record company, No Limit Records, and grew it become of the most successful record labels in Hip-Hop history. He produced and acted in several movies and television series and started several clothing lines. Now, the southern "Last Don" teams up with his Romeo, acting as a young Vito to launch his next venture--teaming up a with Wal-Mart to carry his P.Miller brand.

The deal will allow the P. Miller brand to be expanded into distribution at 350 Wal-Mart stores. The line has a Hip-Hop influence and will feature graphic t-shirts, hoodies and custom style denims.

P is one man that never ceases to amaze because he is always about business; but, is mostly behind the scenes these days. This dude has come a long way and knows how to switch up his hustle when the time is right.

P, we salute you!

Even an MBA Can’t Help You Keep a Job in Today’s Work Environment

2008-07-28T08:40:00.000-04:00

It looks like recent MBA grads aren’t the only ones feeling the bite of the economy—even those that have found employment are feeling the pain.

Several Wall Street firms, including my own, have disbanded their 2007 incoming MBA classes. For those of you unfamiliar with this term, a class is basically a group hiring that investment banks and other firms in the financial services industry from leading undergraduate and business schools. Analyst classes are filled with the brightest students from the top undergraduate institutions and associate classes are filled with the smartest MBAs from the nation’s best business schools.

Could you imagine graduating from a Harvard, MIT, Stanford or Wharton with around $80,000 in debt and having no way to find a job because no one is hiring (except may McDonald’s of course). Well, this is what recent 2008 MBA graduates are currently facing. However, the bite is extremely more severe when you have recently graduated from a top MBA program and are told that you no longer have a job six months down the line. To make it even worse, it’s not only you; but, the other one-hundred or so members of your associate class plus thousands more at other firms all around the city. Let’s not forget to mention that those student loan payments have just started to kick in and you have to pay enormously over-priced rent of $1,800 for your converted two-bedroom apartment that you are sharing with a roommate. Well, this exactly what happened to a young lady that I had the opportunity to meet today.

Today I had lunch with a spring 2007 graduate of one of the top Ivy League MBA programs. She had previously worked for a firm (which will not be disclosed for legal reasons) where she performed credit research. Due to the market conditions of the industry her group covered, head began to roll with massive lay-offs not only within her division; but, within the entire firm. It was brutal as nearly all middle-management was let go and even lifers at the firm with over twenty-five years of service and only two years away from retirement were let go. Eventually, budget cuts came down to recent hires into the associate programs. Instead only axing a few and retaining the best employees, the entire program was discontinued.

So now we have all of these freshly graduated MBA’s who are yet to land their first gigs looking for jobs, then you have a ton of seasoned employees that were recently laid off and now you have this group of MBAs that have had six months of experience, have just gotten settled into their living situation and cannot get a job. This is exactly why I chose NOT to go to business school. Too often have I heard this, and similar stories, about job offers being rescinded and classes being shrunk or discontinued.

This is just proof to show you that an MBA is yet nothing more than a BULLSHIT degree that holds little value. It’s not like holding a medical or law degree, where you learn a specific skill that you can use. To become a doctor you must obtain an M.D., to become a lawyer you obtain a J.D.; however, to become an employee at a firm you do not need an MBA. If you ask me an MBA should not be classified as a “professional” degree because it simply not required in order for one to do his or her job.

Graduating from business school does not automatically make you the CEO or President of a firm. A one point in time, in a galaxy far far way, an MBA was like a ticket into an exclusive “old boys” club that landed you the opportunity to get a real sexy job (trader, investment banker, etc.) and potentially make a good chunk of change. However, this trend has definitely been changing as everyone and their mother are going for MBAs while the number of available jobs is dwindling to a pittance.

If the Ivy League kids’ MBA: degree can’t save them in this market then who is safe? But hey, to all you struggling MBAs out there that are regretting wasting the time, halting your careers and amassing major debt, at least you can light your degree and start a fire to keep you warm in Central Park if it ever came down that.

My $0.02

F.D.I.C. Takes Over Two Banks

2008-07-28T07:46:00.000-04:00

On Friday the F.D.I.C. closed the First National Bank of Nevada and First Heritage Bank, N.A.

The banks had 28 branches between them. They will reopen on Monday, operating under the Mutual of Omaha Bank, as reported by the F.D.I.C.

Depositors, including those with funds greater than the F.D.I.C. insurance limits, would switch to Mutual of Omaha with “the full amount of their deposits.”

With this many banks failing, it's hard to have a positive outlook on the future of our economy.

Amex Down and Out As Recession Reaches the Wealthy

2008-07-27T11:30:00.000-04:00

After reporting less than stellar earnings on Tuesday shares of American Express have taken a dive. What is causing the charge card giant to fall on hard times? Well, the short and sweet answer is simply the economy.

American Express is suffering due to a combination an increase in defaults and a decreased use of cards. This signals that the recession could be creeping its way into the lives of wealthy, as American Express has traditionally catered to the upper-crust of American society.

I'm pretty interested to see how this plays out as rising inflation and other economic conditions make the wealthy more adverse to using their American Express cards, which balances must be paid off in full each month.

Spots to Check During Restaurant Week

2008-07-27T07:31:00.000-04:00

In case you’ve been living under a rock for the past week I would like to inform you all that it is restaurant week in New York City. If you don’t know what this is, it means that you get to have lunch for pre-fixe rate of $25 and dinner for $35 at some of New York City’s most famed restaurants (drinks are not included).

With so many fine places to choose from, I’ve compiled my top 10 restaurants to check out. This list has been compiled from eateries that I personally have visited for either business or pleasure within the last three years.

Also, be sure to make your reservations on opentable.com; but, hurry and make those reservations because there's only one week left!

Here's the list (in no particular order):

Tao – Pan-Asian
Smith and Wolenksy - Steakhouse
Tavern on the Green – American
Brasserie – French
Spice Market – Asian Fusion
Bobby Van’s – Steakhouse
Atlantic Grill – Seafood
One if By Land, Two if By Sea – American
Dawat - Indian
City Crab – Seafood

***Note: Some locations participate in the restaurant week pricing for lunch only.

Obama Takes Europe By Storm

2008-07-26T07:37:00.000-04:00

After his trip to Afghanistan Barack Obama continued his travels to Europe ,visiting Germany along the way.

Choosing the symbolic city of Berlin as the location of his address to the German public, Obama was greeted by a crowd of Berlin residents waving American flags and signs that read "Obama For President".

The address he gave to the crowd of excited Germans was one that preached a need for the U.S. to strengthen its ties with Europe and the rest of the world. However, Obama was careful to mention that he believed that European allies must too do their part to fight the ailments that plague the world today.

the world views Obama as the best candidate to improve the image of America to the rest of the world; however, he lacks credibility in his ability to handle matters in international relations. His overseas trip was carefully planned to help improve his image in this arena.

Obama is a very smart man and a powerful speaker. I somewhat get the impression that America, along with the rest of world, expect him to win the election. My belief is that this is true whether you an Obama supporter or opponent.

If Obama is elected we could possibly have the most popular U.S. president since JFK or Clinton.

Please take the time out the listen to the speech here:

Nas Breathe

2008-07-26T07:31:00.000-04:00

Citizen Nas - Nas Goes to War with Fox

2008-07-25T11:00:00.002-04:00

It appears that rapper Nas has a new beef with the Fox network. He has publicly spoken out the media giant and accused the station of being racist.

Well, when the station's producers and anchors do things like call Michelle Obama Barack's "baby mama", I guess I would have to agree with Nas on this one. Fox has been a little biased and insensitive toward minority groups. But, I don't think Nas has the man power to go against these guys.

I mean, he's no Orson Wells and Untitled is no Citizen Kane though the track Sly Fox is worth a listen. On this track he verbally assaults the news giant. Maybe Fox will get some anchors to get together and record a response.

URBAN STYLE ALERT: Adidas Set to Release New David Choe Sneaker

2008-07-25T08:22:00.001-04:00

According to sneakerfreaker.com, Adidas is slated to release its latest retro sneaker titled, the “David Choe Adidas Originals." The sneakers are designed by David Choe, who is described by the site as being a “near schizophrenic” street artist. With a design as crazy as this, I would expect nothing less than pure artistic insanity from the genius at work.

Scroll below for a sneak peak at these kicks. I know I will definitely be getting a pair as soon as they hit stores. Just be sure to ask for these at your local sneaker shop.

Obama Merchandise Sells Significantly Over McCain

2008-07-24T15:33:00.002-04:00

It looks like Obama is just the cool guy to be these days. As with any political campaign we find savvy entrepreneurs and true blood, good old-fashioned capitalists that will find a way to make a fast buck.

According to several street vendors across the country, more people prefer to purchase t-shirts and hats adorned with Obama’s image than McCain's. Even, one street vendor that I spoke with in Harlem proudly mentioned that he doesn’t carry any McCain merchandise. When I asked him why that was the case, his response was that “he just won’t sell.”

That makes me wonder if Obama’s new form of politics aims to create a brand that people to choose to vote for rather than garnering votes based by running on an actual political platform.

Some food for thought.

Computer Meltdown Stymies Japanese Stock Market

2008-07-24T13:32:00.001-04:00

The Tokyo Stock Exchange was shot down for several hours on Tuesday due to a computer malfunction.

Trading was suspended from about half an hour past nine to almost two o’clock in the afternoon. Mostly the trading of derivatives and futures was halted by the Tokyo Stock Exchange as a result.

The Wall Street Journal reports that this was the third meltdown this year and the current computer system is expected to be replaced next year.

MARKET WATCH: Trying to Beef up Your Portfolio? Feed it more McDonalds!

2008-07-24T11:23:00.000-04:00

Many investors alike are seeing record decreased in the overall performance of their portfolios. Despite expert advice from financial advisors and the sophisticated asset management techniques exercised by leading asset management firms, mutual funds and hedge funds your average investor is getting mauled by the Bear.

Yes, we are in a recession and trailing close behind or leading the way of the ailing economy is the proverbial Bear Market. Now, if you’re an ex-boy scout such as myself; or, you have been camping at least once or twice you know not leave food around lest you inadvertently lure these creatures into your campsite. Well, when it comes to the financial markets you can throw that malarkey out of the window!

One way to steer the Bear away from eating away at your precious portfolio is load up on some McDonald’s stock. That’s right, I said McDonalds—the fast food joint made famous by Ronald McDonald, Grimace, Hamburglar, The Fry Guys and Chicken McNuggets.

The Wall Street Journal reports that it expects the mega burger joint to increase its earnings per share by 21% when compared to last year. While most stocks have been hit by the receding economy, McDonalds has seen an increase in sales do to penurious behavior exercised by the common consumer as workers opt for an “extra value meal” over the $8 hero found in most gourmet delis. In addition, The Journal reports that increased sales overseas stemmed by a weakening dollar at more power the punch as the higher valued foreign currency is converted to U.S. currency.

These, along with other factors make the purchase of shares of McDonalds look quite appetizing to the Bullish investor.

Gas Prices to Soar to $10 a Gallon by the Year 2010!!!

2008-07-24T10:05:00.000-04:00

As part of my every day ritual I immediately turn flip through the major cable news networks (minus Fox, of course) and catch up what is going in the world around me. I truly believe that we should always be knowledgeable of current events around the world, in national news and within our local communities. Just opening our minds and horizons makes us more interesting individuals and better citizens as result.

During my daily digest of current news information I couldn’t help but overhear a segment on the rising price of gas. It appears that a chief economics, or economic agency (can’t remember what is was) projected that with the skyrocketing prices of crude oil we could gas prices in the U.S. elevate to a whopping $10 a gallon!

YIKES! How are we supposed to live when, what segment described as being nearly thirty percent of the average working class American’s household income will go toward paying for gas? The experts say that with gas selling at these levels people will be forced to pay more for gasoline than they would for groceries! This also doesn’t include the impact caused by the inflation of other goods as companies are forced to raise their prices due to an increase in production costs. Obviously, we know who will be hit the hardest—the middle and poor working class.

Consider a friend of mine that I new from my days of attending high school in rural South Carolina. She is twenty-three years old and has three small children to care for. Being that she lives over sixty miles from the city (Charleston, SC) she must rely on using her car to travel to school, to work and back home again. When you count the total distance she has to travel each day this comes up to about two-hundred miles a day and about one-thousand miles a week. I could only imagine how much of her weekly earning, which is somewhere in the neighborhood of $325 a week after taxes, is sucked up at the gas pump. Imagine how it would affect her when the price for a gallon of gas encroaches the five dollar mark, let alone ten.

The question I pose is this: With all of this superior technology in the world today, why did we not try to find an alternative fuel source to oil? It seems kind of outdated to use a fuel source that is expensive to obtain, refine and transport when we have the technical knowledge to use natural resources as primary fuel sources (i.e. the sun, water, wind, etc.). Even nuclear energy could be more thoroughly researched so we can use it as a safe and efficient source of fuel that has greater lifespan than fuel and doesn’t harm the environment. For that matter, even electricity seems like a viable option. It is simply wasteful to not only be dependent on oil, a fuel source that is destroying the planet, but to also be dependent on a foreign entity that practices collusion to obtain it.

It seems to me that the greed and voracity of corporate America and has gotten us into a bit of a quagmire. I believe the only reason why we are still dependent on oil as a nation is because the large multi-national oil companies (BP, Shell, Sunoco) are making big bucks off of oil and are too lazy or cheap to change their business models and develop a more efficient fuel source.

In the meantime, while we try to figure out what to do about these absorbent gas prices I think I’ll be holding off on purchasing that car I planning to get for myself as a Christmas gift this year and stick to taking mass transit on my commute. And with the rising cost of flights these days I think my summer travel will be quite limited.

Bush Jokes About U.S. Economy, Says "Wall Street Got Drunk"

2008-07-23T10:45:00.000-04:00

Our fearless leader and defender of the "free world", George Walker Bush, was recently recorded making fun of the U.S. economy and current credit crunch and housing crisis.

During his speech, in Houston, the President jokes that "Wall got drunk" and "has a hangover". He continues to make jokes about the housing market and is met with laughter from the audience.

Cameras were not allowed at the event; however, some sleuth attendee was able to capture this footage so we all can see how are political leaders feel about our suffering from an ailing economy they have created for us.

Thanks Bush. Thanks Republicans. Thanks America. Thanks . . .

You can view the video clip here:

Christian Bale Goes "Batty" and Attacks His Mother and Sister in UK Hotel

2008-07-23T10:33:00.000-04:00

It looks like Christian Bale is throwing temper tantrums over Heath Ledger's posthumous glory for his portrayal of the Joker in his latest feature film, The Dark Knight.

The Los Angeles Times reports that the British actor was arrested on Sunday and released on Tuesday after his mother and sister reported that he assaulted them.

Upon being released in London, the "Dark Knight" denies all accusations of the assault. I guess maybe this is another one of the Joker's sick pranks.

For the full story click here: http://www.latimes.com/entertainment/news/celebrity/la-et-bale23-2008jul23,0,7144730.story

The Best Hip-Hop Albums of the 1990's

2008-07-21T10:35:00.000-04:00

HAPPY MONDAY, FOLKS!!!

Remember when Hip-Hop was Hip-Hop? Don't get me wrong, it's still Hip-Hop; but, it has changed a bit. I'm talking about that feel good Hip-Hop music. Even the hood/gangster rap was hitting back in the 1990's. I love this period so much and it brought back so much memories.

So, with that being said, I present you with my favorite Hip-Hop Albums of the 90's, in no particular order:

Aquemini - Outkast
ATLiens - Outkast
Capital Punishment - Big Pun
Moment of Truth - Gang Starr
The 7 Day Theory - Makaveli
Only Built 4 Cuban Links - Raekwon
Illmatic - Nas
It Was Written - Nas
Ready to Die - Notorious B.I.G.
Midnight Marauders - A Tribe Called Quest
Me Against the World - 2Pac
All Eyes on Me - 2Pac
Flesh of My Flesh, Blood of My Blood - DMX
The War Report - Capone N Noreaga
Hell on Earth - Mobb Deep
Mobb Deep - Mobb Deep
Doe or Die - AZ
It's Dark and Hell is Hot - DMX
The Miseducation of Lauren Hill - Laurent Hill
The Score - The Fugees
The Carnival - Wyclef Jean
Doggy Style - Snoop Dog
The Chronic - Dr. Dre
Any Redman Album - Redman
Enter Da 36 Chambers - Wu-Tang Clan
Liquid Swords - The Gza
Bobby Digital - RZA
Method Man- Method Man
East 1999 - Bone Thugs N Harmony

I know I skipped a bunch; but, this is my list . . . at least for now . . .

Stay tuned for my top songs Hip-Hop songs of the 1990's

Jesse Jackson Caught Calling Black Folks the N-Word!!!

2008-07-19T15:36:00.000-04:00

It looks like Jesse Jackson is becoming the Leon Lett, Mike Tyson, Michael Jackson, R. Kelly, O.J. Simpsonand Kennedey of African-American Politics. I'm sure you have all heard the recent news coverage of Jesse dropping the N-Bomb like he was trying to end World War III.

I guess we finally get to see the good reverend for who he really is--a washed up civil rights leader that likes to "talk down to black folk" by using the N-word. Now, I'm not saying that I don't use the word; but, a person like Jesse Jackson, who claims to be on the righteous path and advocates the banning of the word shouldn't be using it on black folks the way he has been.

It looks like the good reverend's reputation and credibility are sinking faster than the Titantic full of the morbidly obese. It has even got to the point where the owner of the Laugh Factory (now infamous for the "Kramer incident") is calling that Jackson pays a fine for his use of the word.

--Jesse, if you're reading this, it's time to call it quits . . . please!

Are We Close to Finding the Cure for A.I.D.S.?

2008-07-19T01:11:00.000-04:00

The New York Times reports that a trial for a new H.I.V. (the virus that causes A.I.D.S.) has recently been canceled. The reason cited was that scientists were not sure how the vaccine, which was developed by the United States government, and the human imune system would interact. The project to discover a vaccine for H.I.V. was first initiated 24 years ago.

Could we be close to finding a vaccination for H.I.V. and possibly even a cure for A.I.D.S.? Only time will tell. But, I will tell you this. If we do ever find this cure I could see the second coming of the sexual revolution that we saw in the 60's. Yeah--I'm ready to become a neo-Hippie. :)

For the full story, click here: http://www.nytimes.com/2008/07/18/health/18vaccine.html?_r=1&ref=todayspaper&oref=slogin

GM Cuts Medical Coverage for Retirees

2008-07-16T18:23:00.000-04:00

As our economy continues to dwindle as Main St. and Wall St. continue to falter and we feel the pain, yet another company adds to the dog pile.

The Wall Street Journal reports that General Motors will discontinue medical coverage for retirees and will no longer include coverage for new employees. The article continues to mention that employees of GM that are considering retirement or have recently retired should plan to work part-time until they are eligible for Medicare.

Even if employees have built up benefits for retirement they will be cut off. GM will supplement the discontinued medical insurance with an extra $300 in retiree pension checks. This may help for some but we will see a greater burden on those that are very ill in their old age.

Thanks GM. Thanks America. Thanks capitalism.

Viva La Revolution!

Does Weezy Have the HIV?

2008-07-15T09:00:00.000-04:00

No, I don’t mean a house in Virginia. What I’m talking about is way more penurious (unless you are defaulting on that house and adding to the mortgage crisis that is). I am talking about the “silent killer”, “the monster” or whatever else you want to call it. I know this rumor has been beaten to death; but, I think we need to revisit it and I’ll give my top 5 reasons why I think Weezy has been infected with H.I.V.

Sometime last year there was a report that a female groupie settled with Cash Money after being infected by a “big name” rapper on the label. Hmmm . . . I think there is only one big name rapper on Cash Money Period and that would be Weezy.

Old Boy picked up a serious case of substance abuse—Weezy has been using and abusing cocaine and he syzzurp to the point that he is nearly nonfunctional. Could this be a result of depression or his way of escaping this harsh reality?

Lil Wayne has been rerecording like crazy—it seems like this guys lives and breeds in the studio. The dude has been dropping track after track, mix tape after mix tape and is on every hot song. Maybe he’s trying to leave a legacy before he dies.

He seems to be obsessed with death—Every interview that I read Wayne always touches on the subject of death, like he’s not going to be here for long. Why would he be so obsessed unless he believed that his time was soon up?

And the number one reason is—He admitted to being infected on one of his mix tapes! Yes, that’s right. On a freestyle to the Souljah Boy beat (yes go out and download it or Youtube it) he drops a line that says, “Weezy got a dirty dick and you need an AIDS test.” If you don’t believe me, find the track and listen for yourself. Hell, I’ll even send it to ou if you request it from me.

Great Stock Market Crash of 2008 and Onset of New Great Depression????

2008-07-14T21:58:00.000-04:00

It has been predicted several years ago. Is it possible that we will see a crash of the stock market and the onset of another "Great Depression"? Gas prices are rising, the value of the dollar continues to diminish, inflation continues to rise, the unemployment rate is rising, hedge funds blowing up, IndyMac and Bear Sterns failing and possibly Lehman Brothers doing the same (remember bank runs caused the first depression). The Fed's interactions cannot curve the recession. People are being laid off and home foreclosure is at a record high.

What can we expect to see in the next couple of months? Things look pretty grim for the U.S.; but, I would not be surprised if we end up in a depression. Especially when it is expected that the average consumer will spend 20 percent of their income on oil (more than groceries) by the year 2010 . . . yeah, that's only two years away . . .

Not to mention that, we also have the prophecy of 2012 around the corner.

Hmmmm . . .

Here's an interesting video for food for thought:

Gilly Wrote Himself a Hit With The Carter III

2008-07-12T15:00:00.000-04:00

Being the notorious internet pirate that I am—not by downloading songs, but by listening to entire albums on Youtube—I decided to give The Carter III a spin. Now, this was one of my most anticipated albums of the year until I learned that Weezy wasn’t writing his own rhymes. I found this out when watching one of those ghetto DVD magazines, like Smack, when they aired a segment about a rapper named Gilly the Kid,. I had never heard of this guy before but from the interview that he gave it was evident that he had beef with Weezy and Birdman.

The story, according to Gilly, is that he was signed to Cash Money Records and had either written or recorded an entire album. Upon hearing the tracks Birdman ordered Gilly to give all the verses to Weezy and demoted young Gilly to the role of ghostwriter. Now, we all know how whack Weezy was back in the day (I seriously think his dopest verse was on “Tuesdays and Thursdays” and I still think Turk was better than him) when the Hot Boyz were still hot, Turk and B.G. wasn’t hooked on heroine and Juvenile was still the lead act on Cash Money. I’m also sure we also remember when “Hustler Musick” and “Go DJ” came out. Both tracks were hot and the beats were sick; however, we couldn’t help but notice one important difference—we actually began paying attention to Wayne’s lyrics. I mean, the dude had a nice flow and was actually spitting some shit—PAUSE. This was supposedly around the same time that Gilly got signed; so, I think this is more than a coincidence.

When I heard the news I felt like I was just scammed. I mean I was so impressed with Weezy’s delivery and came to the conclusion that he must of locked himself away in a room and really made the attempt to recreate himself and start to write some hot rhymes. I had a new found respect to Lil Wayne, and like I do with most artists that I respect I went out and purchased The Carter and was pleasantly surprised and satisfied with the album—the shit was HOTTT! I then at that moment became a pseudo Weezy fan that was merely in his corner and would defend him a hater dare said he was a garbage rapper. However, when I went Summer Jam in 2007 and saw him perform and spit on of the illest freestyles I’ve heard in a long time I was sold. Weezy was the savior that was to bring Hip-Hop to the next level and challenge every other southern rapper (since Hip-Hop lives in the south) to step their game up with lyrics.

I then followed Weezy as he grew become on of the top rappers in the game. I mean th kid was everywhere. He always had a single out and was on everyone’s song and was ripping each and every one of them. He even ripped an R&B song: “You give good brain like graduated from a good school.” I mean, this kid was dope. But news that he didn’t write his own rhymes made me lose all respect for this dude. Though his music is still hot and still listen to his songs, I will never buy another one of his albums.

So, on that note, The Carter III is definitely a hot album; but, next time you ill out to one of Weezy’s dope lines just keep in mind who really wrote it.

Weezy get’s the “Poser of the Year” award from 2004 – 2008.

Peace Out!

Jesse Jackson Wants Obama’s Nuts

2008-07-12T13:12:00.000-04:00

It appears that the good old Reverend Jesse Jackson has developed a certain taste for politico cajones. Recently, during a televised interview the Rev. Jesse Jackson was caught on take saying that he would like to “cut his [Obamma] nuts off”. He even mentions that Obama “is always talking down to black people”.

If you ask me, this sounds like pure hateration coming from Jesse’s washed up mouth. He’s upset that a younger, smarter and arguably more attractive black male has accomplished something he was not able to—achieve a presidential nomination. I guess that what happens when all you do is march and rally instead of actually getting into and conquering the political machine.

If you ask me a little further I would tell you that Jesse Jackson’s smart comment probably stems from the fact that he fathered an illegitimate child that he denied for some time. So, in this case, Barack’s famous (or infamous) “Father’s Day Speech” probably gave the good preacher/reverend a guilty conscience.

BJ CJ

Watermelons Better Than Viagra???

2008-07-12T01:39:00.000-04:00

It appears that the miracles of science have discovered that eating more watermelon can help you in the bedroom.

A recent study proves that eating watermelon has effects similar to taking Viagra or other "male enhancement" drugs. Well, instead of shelling out money for the "Little Blue Diamond" or surgery just head down to your local watermelon patch! Actually, there is one catch. In order to benefit from the libido enhancing effects you have to actually eat the rind (the green part we throw away). Not too tasty, huh? I guess it shouldn't take long for the drug and vitamin companies to begin mass producing watermelon pills for those that need them. :)

In the meantime if you want a cheap Viagra alternative ask for some Tribulus next time you're at your local GNC or other vitamin shop.