G.M. CEO Stepped Down

3/30/2009

General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. Although Wagoner has been trying to steel the automaker giant towards the right direction, his effort is considered by some administration officials too little and too slow.

Wagoner's resignation is seen as a step in President Obama's effort in restructuring and transforming the U.S. auto industry. I hope his resignation would allow further and deeper overhauls. To survive and compete in the future, our decades-old auto industry desperately needs a whole new culture that inspires hard work, competition, efficiency, and innovation.

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Cartoosh Widgets Now Available

Widgets are getting extremely popular these days. The small widgets originate from their ancestors - portlets in the portal about ten years ago and have evolved significantly thanks to technology innovations, such as, RSS and Web 2.0. The widgets have come out their enterprise habitats, sprouted in the consumer-oriented portals like MyYahoo and iGoogle, and now blossomed on most of blogs and websites. Their purposes have shifted from personalization to Internet marketing and beyond. There are several start-ups riding on the rise of widgets by easing the learning curve in creating widgets, lowering the entrance barrier in distribution, or adding value in market analysis.

If you're a blogger or a website owner, take a look at the four new widgets at Cartoosh.com. By embedding these widgets in your blog or website, your readers automatically get up-to-date cartoons without leaving your site.

Easter Bunny and The Girl

Easter is around the corner (4/12). We've got a new cartoon art to wish you a Happy Easter. Visit Cartoosh.com or Cartoosh Gallery, and check out our new cartoon art in prints today!

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Cartoosh.com Launched

I'm glad to announce that Cartoosh.com is now up and running. As we continue to provide you the best blog, the whole new Cartoosh.com is designed to offer easy access to our merchandises. Our goal of Cartoosh.com is to make it a fun-filled cartoon-centric mall where you would enjoy reading our cartoon posts and touring our gallery and bookstore. Come visit Cartoosh.com today and give us your feedback.

The Mess of AIG Bonuses

3/18/2009

AIG CEO appeared in front of furious lawmakers on Capitol Hill yesterday to shed some light on over $165M bonus awarded to his employees - many of them in AIG's financial products unit. That's the very same department blamed for plunging AIG into the financial turmoil that eventually led the government to lend and invest about $170 billion in the company.

In defending his decision foregoing the bonus payments, CEO Liddy said that AIG needs these employees to continue working to unwind the company's exposure to about $1.6 trillion in derivatives.

"I know $165 million is a very large number," Liddy said. "In the context of $1.6 trillion and the money already invested in us, we thought that was a good trade."

I think we should invite CEO Liddy to explain such "a good trade" in a simple way that our children and grand children can understand. After all, we're counting on him to turn AIG around and hopefully pay the money back to them.

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Madoff Trade Penthouse For Tiny Jail Cell

3/12/2009

The disgraced financier, Bernard Madoff, pleaded guilty on Thursday to 11 charges, including fraud, perjury and money laundering. Judge Denny Chin ordered him jailed immediately. Madoff's plea came without an agreement, which means he faces a statutory maximum of 150 years in prison when he is sentenced June 16. Madoff's Park Avenue penthouse reported worth of $7 million is going to be up for sale.

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Todays Best Award: Bill With Earmarks Signed

Good news from Zazzle! The latest Cartoosh's View - "Bill with Earmarks" has won another Today's Best Award. Below is the message from Zazzle for your reference:

Hi cartoosh,

Congratulations!

Your product, Bill with Earmarks, has been selected as one of Today's Best on Zazzle!

This means it will appear on the Zazzle homepage for the rest of today and it will also be added to the Today's Best Awards Showcase. Keep up the great work!

Bask. Glow. The honor is yours to enjoy.

- Zazzle

I thank you for your continuous support and hope you enjoy Cartoosh's View. As always, feel free to forward Cartoosh's View to your friends and family and help get the words out.

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Bill with Earmarks by cartoosh

$410B Earmarks Filled Bill Signed

3/11/2009

President Obama signed the $410 billion bill Wednesday morning to keep most of the government operations running until September 30. Banking on Obama's willingness to sign the bill, both Republican and Democratic lawmakers jammed the bill with about 8,500 earmarks worth of $8 billion. At $410 billion, the bill represents an 8 percent increase over last year's spending levels, more than double the rate of inflation. Given the fact that the U.S. national deficit has been making its record everyday - currently at $10.9 trillion, we all know where the money is going to come from.

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giggleBites: Private Shower

Mr. Anderson is considering to join the health club and start his morning workout as part of his new year resolution. He is given a tour around the facility and is impressed by the private shower room for adults. Sounds good. Looks like someone is already enjoying the shower...

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giggleBites: Lets Play Hide and Seek

When I was a kid, I love playing hide-and-seek. It was so much fun. Andy and Kerry love the game, too. They have been playing all the time and are very good at it. But, this time Andy needs a little help from you...

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S&P at 1996 Level

3/3/2009

S&P 500 index dropped to the lowest level below 7000 since October 28, 1996. Although the drop on Tuesday was moderate, the Dow Jones industry average tumbled 300 points a day earlier that sent both the Dow and the S&P 500 index to their lowest level in more than a decade. Monday's slump in the stock market was primarily triggered by the bigger than expected loss of $62 billion for the fourth quarter announced by AIG -- the biggest in U.S. corporate history. The U.S. government injected to AIG another $30 billion. The government already owns nearly 80 percent of the insurer’s holding company as a result of the earlier interventions, which included a $60 billion loan, a $40 billion purchase of preferred shares and $50 billion to soak up the company’s toxic assets.

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giggleBites: Swimming In The Shower

I hear Andy singing in the shower. "Andy, wait! Daddy has not fixed the shower clog yet." Too late... Can you guess what's going to happen?

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