California May Issue I.O.U.

6/24/2009

The state controller of California, John Chiang, warned that the state government will have to start issuing I.O.U. to its creditors, if the lawmakers fail to close the $24 billion budget gap by July 2. Continue reading at Cartoosh.com.

GM Filed Chapter 11

6/1/2009

Another piece of history was made today, as General Motors filed for bankruptcy protection. Continue reading at our new home cartoosh.com...

Not-So-Bad Report Cards

As corporates report their first quarter earnings, the school is sending home the first quarter report cards. Andy has got his own copy, ad wonder what his dad is going to say about it. Continue reading at Cartoosh.com!

Crysler Filed For Bankruptcy Protection

4/30/2009

The Dow Jones Industrial Index gave up an early gain and closed a bit lower than yesterday, after learning that Chrysler - the nation's third-largest car manufacturer - filed for Chapter 11 bankruptcy protection in New York. Continue reading at our new home Cartoosh.com...

Wall Street Gave Ground to The Swine Flu Outbreak

4/27/2009

The U.S. stock market gave up some ground concerning the more virulent condition of the swine flu. It was reported that the swine flu's death count in Mexico grew to about 150 people from 100 and that cases in the U.S. doubled to about 40. Read more...

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Glimmers of Hope for U.S. Economy

4/14/2009

The recent rally in the stock market has been led by the very same financial sector that dragged down the market. Thanks to the modified mark-to-market accounting rules, several banks have seen much improved balance sheets and reported better than expected earnings for the first quarter of 2009.

What's the magic about "the modified market accounting rules"? Read more...

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Wall Street and Main Street

4/22/2009

Investors on Wall Street have observed a strong rebound starting in early March after the year-long bear market. The stock market has dismissed dismal economic data and ignored the fact that most Americans are still losing their jobs and struggling to make ends meet. Read more...

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Mothers Day and gigglePanda

Mother's Day is coming. What are you going to say to your mom on this special day? Send a special Cartoosh card to your mom and tell her: "I always love you..." Visit Cartoosh Gallery to see more gift items for mom. Or, go directly to our store at Zazzle and see all our cartoon arts in print.

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Free Music Download in China

4/8/2009

After years of legal actions without success against piracy in China, the world’s biggest music record labels decided to adopt the old wisdom: "If you can't beat them, join them."

Last Monday, the record labels, including EMI, the Warner Music Group and Vivendi’s Universal Music, said they would offer free downloads of music to people in China via top100.cn - a Google's partner.

OK. That part is easy. But, do they still want to make money in China? After observing how Google rack up revenues from Internet advertising, they hope the free music download service will boost the traffic to the site and hopefully the advertising revenue. They'll have a share of the advertising profit according to the deal.

I give them credit in finally figuring out that idea. I just wish they would have tried out the same idea beyond the border of China.

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Sadness in April of 2009

4/4/2009

Americans were in shock over the last few days due to a series of killings across the country.

A married couple were discovered inside their burning home in Herndon early Thursday in Fairfax County of Virginia. Police believes that the husband stabbed his wife to death and then set their home on fire. In Pierce county of Washington on Friday night, an angry farther who had dispute with his wife killed his wife and five children, before committing suicide. In Binghamton, New York, a gunman who recently lost his job killed 14 people at an upstate New York immigration center, before taking his own life on Friday. On Saturday morning in Pittsburgh, Pennsylvania, three police officers were killed by another gunman in front of the apartment the gunman shared with his mother. Luckily, the gunman surrendered himself after a four hour standoff with police.

I think the economic downturn has driven some of these people over the edge directly and indirectly. While wishing the best for the families that lost their love ones, I hope we as a country learn a lesson from these painful memories.

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