Monthly Archives: May 2012

Diddy is rolling in dough. Give the scholarship back to a student who NEEDS it. Greedy bastard

The Marquee Blog

Lifetime is offering up more details about Lindsay Lohan’s upcoming role as Elizabeth Taylor in the Lifetime film, “Liz & Dick.”

In a statement on Monday, Lifetime’s exec VP of programming, Rob Sharenow, said they’re “thrilled” that the 25-year-old actress is portraying the film legend, who died in March of last year.

Lohan, Sharenow said, “is one of the rare actresses who possesses the talent, beauty and intrigue to capture the spirit of such a provocative icon.”

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Chicago Teacher’s Union–Mad as hell

I am not surprised that Rahm has bashed teachers since taking office.  I told you so.  Now, CTU is taking action and on the move.

The finale speech by Chicago Teachers Union President Karen Lewis to the more than 4,000 teachers and other Chicago Teachers Union members inside the Auditorium Theater brought the crowd to its feet again, with chants of “Strike! Strike!” and “Fight! Fight!” resounding through the cavernous structure and spilling out into the streets of the city.


Business & Money

Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth from investors. The lawsuits come amid a growing furor about whether Facebook’s banks selectively disclosed information that gave favored clients an unfair advantage over other investors. Top U.S. regulators have begun examining the IPO, and now the U.S. Senate Banking Committee and other lawmakers want answers from Facebook about issues raised in the offering’s aftermath, according to The Hill newspaper.

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The Rickey Smiley Morning Show

The rumors about Raven-Symone being gay are at an all time high, and Gary Wit Da Tea explains why they won’t end. (See what Raven-Symone had to say in her tweets below.) Plus, hear about the gay outrage over the latest “American Idol” exit and Jennifer Lopez getting sued in the latest edition of Gary’s Tea.

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we told the greedy bastards that $28 was plenty for the top range. And the initial number of shares would have made this more dear.

Business & Money

Facebook shares fell 11% on Monday, after Morgan Stanley and other Wall Street banks ceased to prop up the social network’s stock at Friday’s $38 offering price. Although the IPO was a big success for Facebook and its early investors and insiders — who sold $9 billion worth of shares that they had acquired at lower prices — the offering was a disappointment for many investors who clambered to get a piece of the most hyped IPO in nearly a decade. The IPO also revealed significant problems at Nasdaq, turning what should have been a triumphant offering into an embarrassing debacle. Here are four takeaways from Facebook’s rocky public debut.

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This past week, results from the U.S. Census Bureau showing that whites now account for less than half of all births made front-page news. Most of this demographic shift away from our nation’s Eurocentric heritage is being driven by Hispanics, whose median age is younger than that of whites and who tend to have more children than white adults do. I suspect this data has gotten much attention because of concerns that it represents a threat to our identity as a nation, but it actually signals a blending of culture and lineage as much as anything else.

(PHOTOS: Election 2012: Faces of the Latino Vote by Marco Grob)

The numbers alone don’t tell the whole story. Hispanics and whites tend to intermarry at relatively high levels, according to 2010 data from the Pew Research Center, reflecting greater racial tolerance, particularly in younger generations, and possibly the fact…

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Harry Potter and Star Trek fans, rejoice! Teleportation is real. Using powerful lasers and optics to manipulate photons, or units of light, researchers in China set a record for teleporting a photon more than 10 miles (16 km), TIME reported in 2010. Now a different team of physicists at the University of Science and Technology of China in Shanghai says it has shattered that record, claiming to have sent a photon more than 60 miles (97 km).

Quantum teleportation, which has been around since 1997, is a little different than what you see in sci-fi movies. Considered “one of the holy grails of practical quantum communication,” as the scientists write in their abstract, teleportation is the ability to essentially move one object from one place to another without traversing the space in between. But as Forbes explains, the actual object is not moving from point A to…

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FB IPO day–ZYNGA tanks because FB didn’t fly

Oh well, I had another day at the market.  I sold my two shares of GOOG because this market is just brutal.  Then I thought I would put in a limit order for FB at 48.00.  Hell, it never even hit that price point.  Then I put in a market buy which everyone said not to do. But in this case that was the thing to do.  I also put in a cancel for both my limit orders because I found that I could get it cheaper by going market.

They overpriced the IPO.  Damn, they should have listened to the street on this one.   The little guys like me said it was overpriced.  I thought it should  be in the upper teens as low limit and maybe 30 at the upper limit.  Something like 19-30 in that range.  Then we would have had a nice pop.  Instead we got a fizzle.  FB is hanging onto green by a thread.

I paid 40 because I set it at market.  I put in the market order when it was listed at 38.00 but because the Nasdaq was sluggish by the time they were traded they had moved up to 40 and immediately dropped back to 38.  I was not worried about having a market order for 10 shares when I saw that the market was well, not moving.

Whew, glad that’s over.