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Meet the (remastered) Beatles

Fans of the Fab Four are clamoring for copies of remastered versions of two box sets of the legendary band's albums, one in stereo and one in mono, as well as the release of “The Beatles: Rock Band.”

5 investing mistakes to avoid right now

What to do now?

The Vine
Death of the CD looms as pioneering manufacturer ends production
Source: the Mail online

When the compact disc was introduced it was hailed as the future of music for decades to come. Experts thought the new technology would have a similar shelf-life to vinyl, which dominated the industry for more than 60 years.

How Long Has This Been Going On?
Source: thestranger.com

Much has been said about the death of the album at the hands of the MP3. Certainly, pop music's center is no longer the album but the freestanding song, however many good or great albums may be released now or in the future.

The business of selling used MP3s
Source: sfweekly.com

A new crop of consumer-facing music stores is focused on helping fans resell "used" digital music the way they do CDs. But the big conundrum with digital music is that there's no way to prove sellers legally own the songs on their computers.

The Looting of America: How Wall Street Fleeced Millions from Wisconsin Schools
Source: AlterNet.org

This lengthy article describes how one municipal entity became victimized by its willingness to believe that it could leverage a profit by borrowing huge sums of money and investing it in contrived and dangerous derivative schemes.

Back to Business - Banks Dig In to Resist New Limits on Derivatives
Source: The New York Times

The nine biggest participants in the derivatives market — including JPMorgan Chase, Goldman Sachs, Citigroup and Bank of America — created a lobbying organization, the CDS Dealers Consortium, on Nov. 13, a month after five of its members accepted federal bailout money.

Thoughts On Poverty: The Developing Boot Legging Industry of DVDs, CDs, POLL on Poverty

Just recently I saw an animated movie, I think it was "Monsters vs. Aliens." Pretty good movie I think. In fact, it helped me make my day. But later I started thinking about how I saw this movie. It was copied.

AIG Is Driving GM Into Bankruptcy
Source: businessinsider.com

Because many of the same bondholders presumably own credit default swaps on GM debt with AIG. And the US government has already made clear that it will cover those CDS's at 100 cents on the dollar.

Prepackaged bankruptcy could trigger GM CDS
Source: Reuters

NEW YORK (Reuters) - Around $4 billion in payments on credit default swaps protecting General Motors Corp may need to be made if the automaker enters into a prepackaged bankruptcy, though any payments are unlikely to cause widespread losses, Bank of America said on Friday.

The Emerging Scandal Of The Banking Bailout
Source: The Nation

Why was someone as compromised as Lawrence Summers made the White House's point man overseeing $2.86 trillion in bailout funds to the financial moguls whom he had enabled in creating this mess and many of whom had benefited him financially? Will no congressional panel ever quiz  …

FWMD's Financial Weapons of Mass Destruction.

Financial weapons of mass destruction was coined by Warren Buffet to describe the $60 trillion Credit Default Swap market and their effect on our economy.

The Dirty Secret of the A.I.G. Bailout
Source: pdsimic.blogspot.com

It is not secret that much of the taxpayer billions was spent on unwinding bunch of CDS contracts that AIG had with Goldman S. and other Wall St players.

Dithering on the Edge of the Abyss
Source: CounterPunch.org

An interesting article on the missteps that where made so far in addressing the crisis.

U2: Worst to Best
Source: IGN

U2's twelfth studio album, No Line On The Horizon, officially drops today. Is it groundbreaking? Have they reinvented themselves yet again?

A Lethal Equation
Source: Wired News

Recipe for Disaster: The Formula That Killed Wall Street At the heart of it all was Li's formula. When you talk to market participants, they use words like beautiful, simple, and, most commonly, tractable.

The Monster That Ate Wall Street
Source: Newsweek

How 'credit default swaps'—an insurance against bad loans—turned from a smart bet into a killer.

Best Investments in a Depression
Source:

A financial apocalypse descends on the US and the world. Stock Market returns are terrible. Treasury Bills have a negative return. CD rates are falling.

Apple Drops Anticopying Measures in iTunes
Source: The New York Times

In moves that will help shape the online future of the music business, Apple said Tuesday that it would remove anticopying restrictions on all of the songs in its popular iTunes Store and allow record companies to set a range of prices for them.

BBC NEWS | Entertainment | Queen enter Grammy Hall of Fame
Source: BBC News

Queen and Police recordings nominated to Grammy Hall of Fame. Article explains what the Hall of Fame is and tells that it will be part of the Grammy Museum in Los Angeles which opens on 6 December.

Digital Sales Surpass CDs at Atlantic
Source: The New York Times

As a sign of changing times in the intertainment industry, electronic sales have surpassed CD sales for the first time -- at least at Atlantic, a division of the Warner music biz. No other record label has reported the same phenomenon, but it is probably only a matter of time.

Top 17 Holiday Songs (by Someone Who Hates Christmas)
Source: learnsomethingnewtoday.us

what are your favorite holiday songs?

US$62 trillion CDO/CDS may be an underestimate ...
Source: Bloomberg.com

Bloomberg.com: Exclusive

Credit Default Swaps: Danger Passing?
Source: Business Week

The amount outstanding has fallen 25%. Exchanges are creating more transparent ways to trade them. Are we finally getting a handle on these derivatives?

Fed Rate Cut is Not Good for Everyone: Bad for Savers, Elderly Americans
Source: Red Tape

Not everyone is happy about the Fed's half-point rate cut on Wednesday. Anyone who relies on interest income from bank certificates of deposits or other savings tools is about to see that income slashed. With each step down the Fed takes in interest rates, savers get pinched.

Capitalism at bay | The Economist
Source: The Economist

Turning back the incoming tide

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