blind boy paxton coal man blues
C’mon, really?
(Source: lolcatzandrainbows)
Everybody has a different point of view, and pretty much everybody’s an idiot. I think everybody’s an idiot. Pat thinks everybody’s an idiot. You think everybody’s an idiot. Okay? That’s how it is. Welcome to fucking reality.
Dan Auerbach (via thisisablogabouttheblackkeys)
Dad and ma had been working on an MGA for the past few years and as of recently, it’s been running and ready. It was a tedious and painful experience for both of them. My dad has a quick temper, and with the shortage of MG parts, it was easy for him to get upset when restoring the car. Ma, on the other hand, was the second perspective as well as the extra shop hand. My dad and and myself give a lot of credit to ma after putting up with my dad. She has the love to help attitude and dad has the love to learn attitude so the two of them went to town on this little ol’ British car.
North Hills hosted a British car show a week ago and it was the first show for my dad to enter. He was hesitant to enter because most of the people that entered were ‘car display’ people and my dad would rather be on the road. Personally, it was great to be there myself and to see my dad all lit up from all the fellow MGA car owners. He said most of the other contestants were down to earth and provided some insightful criticism. I didn’t stick around to see who won because a friend from Boone was in town and he invited me to a crawfest party.
My dad thought that the show was rigged because of the fact that it was a ‘write a car and name down then throw it in the box’ kind of contest. So a week went by where we had thought that he’d lost, but today a man came to the door and delivered an award! Apparently my dad didn’t hang out long enough to see his category’s awards. My dad was on a bike ride with a brother-in-law so when he came back we greeted him with his award. He opened the package to see that it was a ‘Peoples Choice Award’. Needless to say, he was stoked. It was great to finally see dad in a cheerful mood.
Alison Mosshart, mm. I’d do anything for her to take me by the hand and lead me to her house.
- Picture, courtesy of Graspthesanity
~*~*~ tiny black keyz ~*~*~
Damn, these kids from Akron, Ohio blew up to be some kickass rock band. It’s funny because nowadays, Pat will refer to his former self as the geeky friend that him and Dan were acquainted with.
The Tallest Man On Earth : Dancing In The Moonlight (Thin Lizzy cover)
(Source: beneathatreeofwildbeasts)
Corporations aren’t bad. The extent that corporations influence our government is bad.
Azelma… And I’m sure many others.
Well, if you’ve been living under a rock, you may or may not know that Facebook had it’s IPO on Friday of last week.
The quick and dirty stats:
-Facebook was valued at $38 a share…which made it’s value about 88 times its actual earnings. In contrast Google trades at about 18 times earnings, and apple at 13 times earnings (red flag 1)
-After making modest gains to start (touching $40 a share), the stock started to free fall. At this point, underwriters (the huge banks that bring the stock public) started buying shares to keep it from falling below the initial $38 price on its first day (basically…it looks WAAAAYYYY bad if you bring something public and it falls below the IPO price on day 1. It means the banks fucked up. Red Flag 2)
-Mark Zuckerberg and several other facebook insiders sold a lions’ share of their stock on Day 1. Zuckerberg himself made over 1 billiion off of it: http://www.marketwatch.com/story/facebo … ry_popular (RED FLAG 3…if the insiders of the company / principal investors are saying SELL SELL SELL, that means they have little confidence in the stock price rising and are trying to get their money now)
-There were issues with the NASDAQ trading…as trading was supposed to start promptly at 11AM but there were “technical errors” and trading didn’t start until 11:30AM. Many minor investors had their trades not go through, or ended up buying shares at a price higher than they originally intended (Red flag 4)-Facebook has since fallen to about 31-32 a share
-Facebook is now facing a lawsuit ( http://www.nydailynews.com/news/money/f … -1.1083145 )…saying that certain big time investors (Bank of America, Morgan Stanley, etc.) were given insider info about the companies revenues…which is why so many of them dumped the stock so fast after the IPO.
So what does this mean?-The entire IPO system is broken and a scam run by big banks and various insiders to profit hugely off of a flimsy stock.
-Zuckerberg and his minions became millionaires and billionaires off of the stupidity of the masses. I knew Facebook was shit, their revenue model is shit. That said, people got fucked over by bad information and a false valuation. That’s just wrong.
-PROTIP: There are very few internet companies that should go/be publicly traded. The market is too volatile, and the revenues/growth unproven (Yeah…buy Google…but they are an internet backbone with loads of revenue streams and growth potential. Facebook? Not so much.)The Occupiers definitely have a point. This is an example of the system simply being FUBAR.
Zuckerberg doesn’t care. The man can afford to buy a small island.
We are the 99%.
Anonymous
