You Know Things Are Bad...

when Boone Pickens can't get financing.

Story on the collapse of his wind farm dreams here.

More Fodder for Jon Stewart.

I am referring, of course, to the recent brouhaha between Jim Cramer and Jon Stewart where Jon Stewart questions the credibility of CNBC. What? CNBC has a credibility problem? Surely everything that comes out of every mouth on that network is true and good and reliable and you can take it all to the bank (so to speak). Right?

I said, "Right?!"



I mean, right here they are interviewing some true market experts. Where else are you going to get a truer take on the market and current economy than out of the garbled mouth of Kelly Bensimon?

However, I do heart Mark Haines. He is like a breath of truthiness on CNBC. And Erin, because she's from my husband's hometown. And Becky, because she has the ear of the Oracle from Omaha.

Oh, How the Rich Suffer.

From the Wall Street Journal:

"According to a new survey by Prince & Assoc., more than 80% of multimillionaires who had extra-marital lovers planned to cut back on their gifts and allowances. Still, only 12% of the multimillionaire cheaters said they plan to give up on their lovers altogether for financial reasons.

"Fully 82% of men in the study said they planned to lower the allowances to their mistresses, while more than three quarters planned to provide fewer gifts, less expensive gifts and fewer perks, like jet rides, resort vacations and top restaurant meals.

"Women were far more generous to their paramours in the face of financial crises. Less than 20% planned to lower allowances, gifts and perks, while more than half planned to raise them.

"Susan Shapiro Barash, who teaches gender studies at Marymount Manhattan College ... said women value their lovers more than men in a time of economic trouble. 'For the women, lovers matter more than ever now because the rest of life is so dreary,' she said. 'For the men, they’re just cutting across the board.'"

For the rest of the story, click here.

As always, it's not the rich who suffer as much as the poor people under them. Heh.