Just Desserts

It’s about time this firm went down. When I was in law school in the mid-’90s, this firm was the talk of the legal world, an upstart law firm making hundreds of millions from unfounded shareholder derivative suits. If you wanted to be a rich pirate, you went to Milberg, Weiss.

Here’s why: during the dot-com boom, Silicon Valley firms’ stock prices were fluctuating all over the place, based on anything from hard news to rumors. Milberg Weiss would file a suit against, say, Wahoo Inc., on behalf of a shareholder alleging that the previous week’s (or month’s, or day’s) massive stock-price drop in Wahoo must have been the result of some malfeasance by Wahoo’s Board of Directors or executive team, because, of course, that’s historically part of why companies undergo massive stock drops. Didn’t matter that the actual reason for the drop was probably that a bunch of lemmings sold Wahoo and bought Screaming Media based on something said on Motley Fool. Such suits by shareholders against the company itself are called shareholder derivative suits, and Milberg Weiss turned them into brutal, in-your-face, I-dare-you-to-fight-back high-dollar piracy.

How? Well, once the suit was filed, Milberg Weiss would get to go through the discovery process. In practical terms, that would mean Wahoo, Inc. would have to reveal details of their recent operations prior to the stock-price drop. Wahoo would have to be insane to let that sort of info out, so they’d settle. Milberg made millions of dollars, sometimes tens of millions, in settlement fees for each case, basically for doing nothing. They did this again and again.

I worked for a few years at a litigation support company, a technical house that handled the document flow in large litigation cases. We’re talking millions of pages per case. And I managed the documents for a case — maybe one of the first ones — where the targeted company fought back against Milberg Weiss. Seeing the gory details of that one was enough to break your heart.

Of course, Milberg could only do this if they had a shill plaintiff who happened to own a share or two of the targeted company’s stock, and who was willing to be lead plaintiff in a lawsuit. The running joke was that Milberg had a secret stable of little old men in Silicon Valley who each owned one share of every high-tech firm out there, paid under the table for their services. Looks like one of the little old men finally turned snitch. No honor among thieves, etc. It’s about time.

 

Posted in Evil walks the earth | 2 Comments

A Pledge of Ignorance

In case you hadn’t heard, frightmonger AlGore is asking for people to pledge to see his lame-ass movie.

With only 79,400 pledges so far, things aren’t looking good for this flick to be a blockbuster. And it isn’t because of bad publicity. Every leftwing site I visit daily has spoken about it and the bigger ones have had sidebar ads for it.

Even though I cannot stand the man and his scare tactics, I’m almost afriad to see what will happen if he puts on a movie and no one shows up. After all, the leftwing blogger with the most hits in the sphere cannot sell 100K copies of his book. Granted, AlGore’s movie costs about half of Kos’ book, but you have to listen to AlGore monologe for two hours (which has been shown to cause cancer in rats).

Posted in Armageddon, Useful Idiots | 1 Comment

Monumental Stupidity

One of the great things about having a blog is that you don’t have wait and hope that you “Letter to the Editor” will be published (it is also pretty cheap therapy), espically since responses to the published ‘letters’ you see are even moreso rarely accepted.

So when I saw a letter by David Long of Seattle titled, “Monument to Stupidity” I just figured that I post about it here instead of wasting my time eamiling the editor in the hopes he’d print it and give Mr. long a little education.

Long’s ‘letter’ went as follows

Monument to stupidity

One apparently popular idea for keeping “undesirables” out of our country is the construction of high walls with barbed wire along the border. In an escalation of absurdity, the Pentagon is preparing to protect us from invaders by deploying the military to secure the border. Apparently this is also a wildly popular strategy.

Fellow citizens, after these two ideas are implemented and you are all congratulating each other on the success of your efforts to keep foreigners out, how long will it take you to realize that you have imprisoned yourselves within a circle of barbed wire and armed soldiers? How will you like living in captivity and forced to contemplate the depth of your stupidity?

David Long, Seattle

It is my understanding that portions of the Berlin Wall are still standing, so it can’t be that far away of a memory, can it?

When will pro-illegal immigration dweebies figure out that a prison requires the guns to be pointed in a certain direction? If they are pointed out, it is a deterrent to entry, not a prison.

In a ‘letter’ a couple down from Long’s another Seattlite by the name of Zachary Murphy makes a lame joke on the topic of immigrants ‘doing the jobs American’s don’t want to’.

This is another meme I’d like to quash.

Anyone who knows anything knows that it is Mr. Roboto who does the jobs that nobody wants to.

Just ask Dennis DeYoung of Styx.

Posted in Too Stupid to Live | Leave a comment

I want some of your blood

…your white blood cells, that is, if you’re one of the presumably thousands or millions of humans out there who are as resistant to cancer as these supermice.

My grandfathers both died of lung and throat cancer (although they both smoked heavily), and I’ve had more than my share of sunburns so I know I’m in for it on the skin front eventually too. But in theory, if I get some of your white blood cells, your superimmunity transfers to me! At least it worked that way in the mice.

Not that I’d support a massive citizen biodatabase to help find cancer-resistant humans or anything.

 

Hat tip: Lobowalk.

Posted in Kewel!, Uncategorized | Leave a comment

What Jim Said

I’ve deleted Polipundit from the links under “David Likes” in the sidebar, because Poli has gone all frothy nutso about the immigration issue. Most of his co-bloggers have fled or been kicked out over this in the last few days.

I don’t have beef with anybody having strong opinions on this issue, but when somebody starts using against their fellow conservatives — or the President — the kind of invective usually seen on Kos, I think it’s going way too far. Moreover, does nobody remember that this issue wouldn’t be nearly as hot except that the Stupid Party fell into the Democrats’ trap? Polipundit’s demise is just an example, in microcosm, of how the Democrats’ trap is succeeding in splitting the right and handing the left a possible win in the midterm elections in a few months.

Aaargh! Can’t we all just get along? I’m with Jim of Smokeonthewater on this one: let’s keep the larger goal in view before we all turn into a circular firing squad. You can disagree with the President, but calling him a traitor is way over the line. See ya Poli. I ain’t readin’ ya no more.

As for Jim, great timing on your return to blogging! Let’s hope your valuable insights help to cool the blogosphere down a bit, so “Speaker Pelosi” doesn’t become a reality.

Posted in Order of the imperial upraised middle finger. | 9 Comments

What is Love?

Joe of Boomershoot fame recently answered a few of Red’s questions on sex, but begged off on answering her question about love. Well, I’ve got an (admittedly, unsolicited) answer to this question that might work for her. When I was young, moody, and reading way too much philosophy, I formulated a definition of love that, to my surprise, has served me very well over the years.

It is this: You love someone if you’re willing to sacrifice your life to save theirs.

In my case, categorizing my feelings about someone as “love” implies a whole set of behaviors, moral choices, obligations, and attitudes that (to me at least) should be really different from relationships where I simply care deeply about someone. Trying to shoehorn all those things into a relationship that’s not really one of true love is, I suspect, the source of a lot of problems for people.

Since I came up with this definition, whenever I realized that I really cared about someone, and I was examining my feelings to figure out what they meant, I’d drag out the definition and see if it fit. “Am I willing to sacrifice my life for her?” Nope. In my heart, I knew there was a boundary on that relationship.

Eventually I surprised myself by saying about a particular woman, “yes, the answer is yes!” From that point on, as far as I (and we) were (and are) concerned, we were soulmates. We made our commitments to each other, moved in together and only ten years later, after we’d saved enough money, did we bother throwing a big party to “officially” get married. But we’ve known we love each other the whole time we’ve been together. And we know what it means, too.

Posted in Uncategorized | 3 Comments

Weird Wednesday

Was anyone else having trouble loading RNS page yesterday afternoon/evening?

I’m hoping it is not just me versus electronic items, because my mobile phone switched over to roaming in places where I’ve always had 5 bars last night as well.

Posted in Uncategorized | 2 Comments

The Soundboard: Because Jimi said so

(Alternative title: Stuck in the 70’s)

Because I haven’t stopped listening to the band on a daily basis since my time off a couple weeks back, and to provide some more trivia knowledge after last week’s edition.

When I still lived in King County, my route to the Renton Fish and Game rifle range took me past the cemetary where Jimi Hendrix is buried. While it is true that Hendrix disliked the time he spent as an ‘up & coming’ musician in Seattle and had to go to the UK to hit the big time, if it wasn’t for this damp burg in a small corner of the USA, he wouldn’t have been the guitarist he became.

In a 1969 inteview on the Tonight Show with Johnny Carson, Hendrix was asked who his favorite contemporary guitarist was. He answered that there was this guy playing in a band called the Moving Sidewalks who opened for him during the Texas leg of his tour.

The guitarist’s name was Billy Gibbons.

The Moving Sidewalks broke up shortly afterwards and a couple years later Billy Gibbons and manager/promoter Bill Hamm found two guys playing in a band called American Blues, Dusty Hill and Frank (Ruby) Beard.

And the rest, as they say, is history.

Enjoy! From their 1979 album Deguello

I’m Bad, I’m Nationwide – ZZTOP

The riff competition at the end is all Gibbons. It’s not so much a signature as it is a bit of playtime on wax. One of the local radio stations here in Seattle has a live version of Cheap Sunglasses that is almost 20 minutes long of Gibbons pulling a three-way riff comp at the end of the song, until he decides he’s done and then the band gradually slows the rhythm down until it is at a crawl and you wonder how they can play that damn slow.

I’ve tried for almost 15 years to get them to cut me a copy of that track, sadly, to no avail.

FYI: Yes, I do have a copy of the Moving Sidewalks debut album. Alas, it is on vinyl and I have not yet bought a turntable. The CD version of the album is available at Amazon, but I have not yet ordered it.

You will not be disappointed. Think Allman Brothers meet Jefferson Airplane.

Posted in Kewel! | Leave a comment

There’s “Brave” and there’s “Stupid”

And this guy is stupid.

Lord Layard, UK Governmental Adviser and a professor at the London School of Economicssays that since moeny doesn’t buy happiness, government should make sure that Britons have less of it. Or, at least, wealthy Britons should have less of it.

The best society is that where the people are happiest, and the best policy is the one that produces the greatest happiness. So argued the great 18th century thinkers like Jeremy Bentham, and their admirable views did much to inspire the social reforms of the century that followed.

But in many cases it was difficult to apply the principle because so little was known about what makes people happy.

However, the last 30 years have seen a major scientific revolution, and we now know much more about what causes happiness – using the results of psychology and neuroscience.

The first thing we know is that in the last 50 years average happiness has not increased at all in Britain nor in the USA – despite massive increases in living standards.

This is because above an average income of about £10,000 per head, richer societies are no happier than poorer societies.

Richer people are of course on average happier than poorer people in the same society, but this is largely because people compare their incomes with other people.

If everyone gets richer, they feel no better off.

I don’t know what studies he is talking about or their methodologies, but if I’m making $10K more next year than I am right now, I could care less if Joe Blow is making $20K more.

Nonetheless, that is the theory Layard is using to try and say that western governments should stop working to keep their economies growing. Stagnation is what he is rooting for since, in his twisted mind, “money doesn’t buy happiness, so let’s give all our money away”.

Don’t believe me? The first of his four proposals is

The most important thing we can affect is the values which our children acquire. Schools should teach them systematically that the secret of a happy life is in giving to other people. Evidence-based programmes exist for doing this, and should become a part of our core curriculum.

I told you the guy was nuts. Where have I heard the “Get rid of your money and material possessions and you will find true happiness!” line before? Oh yes, that’s right; from socialists and cult leaders.

Think the ‘socialist’ tag is a bit harsh? His fourth proposal is

We should stop apologising about taxes: if people pay more tax as they work harder it will discourage us from an even more fevered way of life, sacrificing further our relationships with family and friends. We should also persist with income redistribution, since an extra £1 gives more happiness to poor people than to rich. That argument also implies redistribution to the Third World.

If Layard had his way, he would pump a whole generation of children who yearn to be peasants out of the UK public schools, all of them willing to give 75% or more of their income to the government in taxes, so that the government can give it to, as Larry the Cable Guy says “the starving pygmies down in New Guinea”, because they were taught that it will make them “Happy”.

Pol Pot was just trying to make his people “Happy” as well. He killed a few million of them trying get his message across though, if I remember correctly.

And not to overley beat up on the guy, but one of his last statements is

Our living standards are not threatened by China or India.

India? Maybe not, unless you count US jobs being sent over there for pennies on the dollar.

But my living standard is absolutely being threatened by China. Mass executions of dissidents and slave labor for the direct benefit of the government; I would consider those threats to my current standard of living, although I can see why Layard would not.

He’s a “Lord” after all, and that puts him at the top of the food chain.

Posted in Freaks, Mutants, and Morons, Too Stupid to Live, Useful Idiots | Leave a comment

Uh-oh

It appears the Swiss, long famed in gun-rights circles for still requiring every able-bodied Swiss male to keep a (drool) Sig 550-series fully-automatic assault rifle in his home as part of the citizen militia, may be rethinking that practice following a widely-publicized domestic killing.

It would be a shame if they did. It’s always been so handy to cite the Swiss in the middle of a debate with an anti-gunner. Switzerland is such a peaceful, idyllic yet utterly modern and civilized society, but it’s awash with — horrors — eeevil black machine guns in every household. Here’s hoping that doesn’t actually change anytime soon.

hat tip: Alphecca.

Posted in The Left is Never Right, Uncategorized | 4 Comments