From the category archives:
Diddy attempt to smash all sweet 16 bdays the world has ever seen, throwing his son Justin a star studded red carpet party at club M2 in NYC and buying him a $360,000 Maybach — complete with driver — for his 16th birthday.
Guests included Jim Jones, Nicky Minaj, Trey Songz, Fabolous, Lil’ Kim and Juelz Santana.
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Lebron and the Cavs sweep Kobe and the Lakers for the regular season 2-0. Lebron scored 37 last night as he willed the Cavs to a victory last night, check it out.
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This Black Roc movement that Dame Dash got going on with Mos Def, Ski Beatz, Curren$y, Jim Jones, and Black Keys is crazy this deal here is going to be ground breaking for music.
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Snoop Dogg ft. Soulja Boy – Pronto
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Here is a great write up by Forbes on the financial troubles ahead for our country; Check it Out!
Not too long ago, a billion dollars in a governmental budget was a lot of money. Then we got into hundreds of billions. People understood that this was a lot, just because of all the zeros. Now, unfortunately, the number has become small: the world “trillion,” as in $1.2 trillion for health care reform, seems so tiny. But it has 12 zeroes behind it, which is so easy to forget.
If the government stays on the course it’s been on for the past forty years without a radical change, the federal government will soon have a $10 trillion budget.
In other words, the federal budget deficit will be $1.4 trillion. Just to make the size more visible, that’s $1,400 billion.
Our colleague Rob Arnott, who always does terrific research, wrote in his recent report that “at all levels, federal, state, local and GSEs, the total public debt is now at 141% of GDP. That puts the United States in some elite company–only Japan, Lebanon and Zimbabwe are higher. That’s only the start. Add household debt (highest in the world at 99% of GDP) and corporate debt (highest in the world at 317% of GDP, not even counting off-balance-sheet swaps and derivatives) and our total debt is 557% of GDP. Less than three years ago our total indebtedness crossed 500% of GDP for the first time.”
Add the unfunded portion of entitlement programs and we’re at 840% of GDP.
The world has not seen such debt levels in modern history. This debt is not serviceable. Imagine that total debt is 557% of GDP, without considering entitlements. The interest on the debt will consume all the tax revenues of the country in the not-too-distant future. Then there will be no way out but to create more debt in order to finance the old debt.
It assures a period of economic devastation. In a last, desperate attempt, politicians at the federal and local levels will raise taxes to astronomical heights to raise revenues. And that only assures destruction of the economy. Forget the fable of economic recovery. Unless there is a change in Washington by next year’s election, there will be no way to turn back.
Japan’s recession is now 19 years old. It has the highest debt-to-GDP level (227%) of any industrialized country. The Fitch rating agency is talking about a potential downgrade of Japan’s debt. Japan’s stock market is still down 75% from the high in 1990. We predict it will make new bear market lows next year. That will make it a 20-year-long bull market on the way to 25 years. The bulls in the U.S. should consider that possibility in the formerly great United States of America.
I do not believe the bullish theory that the U.S. situation is different than Japan’s. Ours is so much worse.
Is it any wonder that our biggest creditors, China, Russia and the Middle East, are diversifying out of the dollar and into gold?
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Brangelina are looking to add more millions to their small fortune as the place their bets on high end jewelry. Women’s Wear Daily reports that Brad Pitt and Angelina Jolie are breaking into high-end accessories design with top British jeweler Asprey.
A limited edition collection of snake-shaped gold and silver jewelry designed by the couple – called The Protector – hits Asprey boutiques in New York, London, Beverly Hills, Tokyo and Dubai on Tuesday.
The pieces start at $525 for a silver baby spoon with a snakelike handle, plus glittery rings, earrings, pendants, bangles, and kids’ accessories such as a tooth box and a silver egg cup.
All net proceeds benefit the Education Partnership for Children of Conflict, which was cofounded by Jolie in 2006 and raises awareness and funds to educate child victims of war and natural disasters. ?
“These are the children who most need a safe place to learn, a place to heal, a place to learn reconciliation, a place to build a better future and a place — to just be children,” Jolie told WWD in an emailed statement. “Yet the education for these children is often forgotten. Tens of millions of children and adolescents in conflict are not in school.”
The serpentine shapes were inspired by a protective snake ring Jolie received when she was pregnant with Shiloh in 2006, according to People.com. The actress has considered the serpent a sort of family protector and talisman ever since.
Pics of their new line below:
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Jamie Foxx has a new movie and from the sound of it I’m sure its going to be hilarious, Check it Out:
Jamie Foxx is joining the cast of “Due Date,” a road-trip comedy from “The Hangover” director Todd Phillips.
Foxx joins Robert Downey Jr. and Zach Galifianakis in the Warner Bros. movie about a high-strung father-to-be (Downey) who’s forced to hitch a ride with a college slacker (Galifianakis) to make it to the birth on time.
Foxx will play Downey’s longtime pal who once dated his wife (Michelle Monaghan) and secretly keeps in touch with her.
Foxx next stars in the thriller “Law Abiding Citizen” and recently wrapped the romantic comedy “Valentine’s Day.”
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These two have seemingly become the best of friends over night, I’m not mad at it. If anybody can bridge the generations gap its these two. I can definitely see some business ventures in the near future between the two, it only makes sense. With their abilities to leverage their personal brands to move products and capture the imagination of consumers, they could do some great things together. So when it goes down remember who mentioned it first.
Jay in Harlem Shooting “Empire State of Mind”
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Entmoney.com is on the hunt for the ultimate Megan Fox look-a-like. So we are asking people to give up the goods, do you look like Megan Fox? Or do you have a friend that looks like her? Send us an email with some pics so we can be the judge at lookalike@entmoney.com.
Here are a few examples to get you started.
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Stop-Loss Order
Stop-Loss Order Defined:
An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit an investor’s loss on a security position.
Also known as a “stop order” or “stop-market order”.
Stop-Loss Order Explained:
Setting a stop-loss order for 10% below the price you paid for the stock will limit your loss to 10%. This strategy allows investors to determine their loss limit in advance, preventing emotional decision-making.
It’s also a great idea to use a stop order before you leave for holidays or enter a situation in which you will be unable to watch your stocks for an extended period of time.
Source: Investopedia.com
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