Sunday, December 14, 2008

Ponzi Scheme

Thanks to Bernie Madoff, the word of the week is Ponzi scheme.

From the SEC website:

Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s. Ponzi thought he could take advantage of differences between U.S. and foreign currencies used to buy and sell international mail coupons. Ponzi told investors that he could provide a 40% return in just 90 days compared with 5% for bank savings accounts. Ponzi was deluged with funds from investors, taking in $1 million during one three-hour period—and this was 1921! Though a few early investors were paid off to make the scheme look legitimate, an investigation found that Ponzi had only purchased about $30 worth of the international mail coupons.
Read more about Charles and the original scam in wikipedia's Ponzi scheme article.

Saturday, December 13, 2008

Christmas Shopping 08; A Procrastinating Post

My annual nightmare is now in full swing. I kicked off my holiday shopping today and as usual my stomach is in knots. You see I am inflicted with a very severe case of Christmas shopping stress disorder. It is a very serious and I'm convinced it is a potentially fatal condition.

A dailymail article recently said:

Christmas shopping increased blood pressure to dangerous levels in 50 per cent of shoppers. This can lead to hypertension, which can increase the risk of heart disease, stroke and kidney problems.
Ah ha. Those knots in my stomach must be my kidneys exploding. I should have known.

I called the family members to beg for gift ideas and of course no one had any. I have no right to complain though since I couldn't offer ideas myself. At least nowadays we can suffer in the comfort of our own home through the magic of the world wide web.

Unfortunately it is very easy to get distracted this way. What do you think this post is really about?

Well I have good news Vossellers. While shopping for you I came across several practical and affordable ideas for me. So without further ado I present my official Christmas 08 wish list:
Can't wait!

Ok, now please send me your list.

Owe. My kidneys. Owe.

Monday, December 1, 2008

The Mapple Store

Simpsons parody of Apple: