THAT $50 BILL
Don Stromquist: “The bill [you wrote about yesterday] has been trying to get your attention for weeks and in desperation hopped into your sock. Listen closely and you’ll hear its tiny cry: ‘Don’t put Reagan on me!’ ”
DEEP BREATHS . . . AND LET IT GO
To forgive – or at least to rise above it all and “let it go” – is not just divine, it’s good for your health. MSNBC: “A new study found that heart disease patients who suppressed their anger had nearly triple the risk of having a heart attack or dying over the next 5 to 10 years. . .”
Why? Why not. This is RoseEtta Cohen. Oy va voy!
DNDN ON THE CBS EVENING NEWS
At first my heart sank when I saw last night’s highlighted segment on Provenge, which (before this clip begins) Katie Couric said the FDA was expected to approve later this week. Oh, no!
True, if the drug really does extend life four months, I’m all for its approval, my avarice notwithstanding. (And true, I have only bet money on these DNDN puts that I can truly afford to lose.)
But my guru doesn’t buy it, and thinks the FDA won’t either.
When I thought it through, I realized Katie was right – the FDA is widely expected to approve Provenge, witness the steady rise in the stock from $5 to $41. That’s the whole point. Katie wasn’t reporting what the FDA would do (how would she know?), just what it was widely expected to do. Nothing new in that.
So, as before, if the expected happens, we lose 100% of our bet. If it doesn’t, we make maybe 500%.
The drama builds.
Quote of the Day
If you ask me to name the proudest distinction of Americans, I would choose the fact that they were the people who created the phrase 'to make money.' . . . Men had thought of wealth as a static quantity, to be seized, begged, inherited, shared, looted or obtained as a favor. Americans were the first to understand that wealth has to be created.~Ayn Rand
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