We've finally found a cause that can motivate rich Americans to care more deeply about the European financial crisis. The Czech Open became the third European Golf match to be cancelled because of the problems. (Although some argue, there's nothing unusual about cancelling a Czech.)
That has led business people across America to plan the upcoming "GolfAid", a telethon in which executives plead not to let European golfers to grow up without the chance of experiencing a birdie or a chance to hit the 19th hole. There will be TV advertisements of a weeping Sally Struthers blubbering, "Don't let little Pierre and Ivan go to bed without the chance to buy their first putters." .. I lost a lot of money last weekend in a no-armed bandit in San Francisco - a hotel ATM. "The operator of this ATM will charge an amount equal to your withdrawal. Please press 'Yes' if you wish to continue." ..,. What's the difference between Las Vegas and Morgan Stanley? It's almost impossible to loss $2 billion in the same amount of time in Vegas. Morgan Stanley traders apparently lost money in a complex derivatives investment. I think they just put it all on 20 black and let it ride. ... California is in as bad a financial shape as Greece. However, the state expects to take in billions from selling its naming rights. I just hope for the right bidder so that we can look forward to the "State of Disneyland." However, the good news from California's problems is that they might drive down real estate prices enough to make houses affordable for the other 95 percent of Americans who can't buy them.
Last modified on Sunday, 16 June 2013