The markets are down this morning after the New York Based Conference Board dropped a bomb on Wall Street. They indicated the future economic activity fell 0.7% in July. Not Good. The biggest drag was in the decline in building permits, but of course energy costs, unemployment, the mortgage crisis, etc are certainly not helping the situation! In addition, those pesky Russian's are making our oil prices go up again...all the way to $120.69/barrel. Of course they decide to cause all sorts of trouble right before I have to make the trek to Raleigh!
All is not lost, however. Jobless claims fell for the second week straight, Burger King's profits surged 42%, Heinz saw its profits increase 11% and NBC is breaking all kinds of viewing records thanks to the Olympics. But low and behold, Barnes & Noble's profits are down by 15%! So let me get this straight. As Americans are feeling poorer & poorer, they are sitting in front of the boob tube, eating their Double Whopper with Cheese, while dipping their Fries in Ketchup, all while forgetting how to read. Clearly becoming sloths will get us out of our current situation!
In other news, it seems as though Jerry Seinfield will be hocking wares for Microsoft in the near future. Bill Gates is also rumored to be going after Will Ferrell & Chris Rock. That's right. Those nerdy types learned long ago is you can't keep up with the Hipster's over at Mac, you can at least school them with a little comedy!
Finally, Hollywood is all about some babies today. First Matt Damon & his lovely wife, Luciana, welcomed another girl into the world yesterday. Poor man. He is now completely out numbered. Also, Gwen Stefani checked into the hospital to have her little bundle. Finally, I swear, it seems she has been preggers for about 2 years now!
The Icing on the Cake...
6 years ago
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