Monthly Archives: October 2005

Gambling system ripe for abuse

As if casino gambling wasn’t already the best way to put you in the poor house, now you may be able to add data theft from casinos to the list. A new system is on the market (to casinos) which will automatically grab data off your driver’s license when you hit the window for a cash advance.

Lets hope casino data security systems are better than Choicepoint’s.

Warning: Asia manufactures EVERYTHING

…meaning spam too! According to BusinessWeek, Asia is the spam factory of the world. While the US still leads in spam production, folks like the Chinese and South Koreans are catching up fast.

None of this bodes well for the holiday season. Warnings are floating around that November is going to be a really bad month, which means all those spammers won’t be putting together all those cell phones, game consoles, wide screen TVs and Barbies that you want for Christmas. Get ready for a panic run on big box retailers.

Refco bidders swarming for…breakup fees?

You would think that a company like Refco, seriously down on its luck right now, would look like a good buy at a miniscule percentage of its original IPO market cap. But no. Qualified bidders are backing off, and others are swarming.

Meanwhile, they are all pissing and moaning about the breakup fees. Sounds to me like the company is D E A D, dead.