Monday, November 29, 2010

Making Money Jobs


Deficit Commission Co-Chair Erskine Bowles Falsely Claims Social Security ‘Runs Out Of Money In 2037′


Last week, Alan Simpson and Erskine Bowles, the co-chairs of President Obama’s deficit reduction commission, released a report outlining their recommendations for reducing the federal budget deficit. One of their most contentious proposals is to gradually raise the retirement age to 69, a move the co-chairs claim is meant to maintain the system’s solvency.


This morning, Simpson and Bowles appeared on MSNBC’s Morning Joe to discuss their proposals. At one point, Simpson explained his view that balancing the budget would require going “to where the meat is. And the meat is health care, Medicare, Medicaid, Social Security.” Host Joe Scarborough then complained that while AFL-CIO president Richard Trumka attacked the proposals for cutting Social Security, Scarborough said he doesn’t think the co-chairs went far enough (co-host Mika Brzezinski agreed). Bowles then defended their proposal, saying, “What we’ve done is make Social Security solvent for the next 75 years. As you all know, Social Security runs out of money in 2037. We’re not making it up. That’s the law”:


SIMPSON: You’ve gotta go where the meat is. And the meat is health care, Medicare, Medicaid, Social Security. Not balancing the books on the backs of poor old staggering seniors to make the damn thing solvent for 75 years.


SCARBOROUGH: We were stunned, Erskine, by some of the things that were said after the commission report came out, saying, “Seniors are going to be thrown out on the street!” I looked at the numbers to be really honest with you, and I didn’t think you moved fast enough on Social Security and Medicare. We calculated that I guess, it was Trumka, who I like very much, Trumka said that this throws old people out. My two year old son Jack will get Social Security at 69. People in their 20′s and 30′s will be just fine.


BRZEZINSKI: In fact, I think you could’ve gone further.


SIMPSON: I know Rich very well. He’s a good egg. He has to say for what he has to say for his membership. But he knows I’m right.


BOWLES: What we’ve done is make Social Security solvent for the next 75 years. As you all know, Social Security runs out of money in 2037. We’re not making it up. That’s the law.


Watch it:



Social Security is currently projected to be fully solvent until the year 2037. After that, it is expected to be able to pay out 75 percent of benefits until 2084, which basically equals full benefits, once inflation is accounted for. There is no threat of the program running out of money any time soon — certainly not in 2037. That does not mean that there aren’t positive and progressive changes that could possibly be made to the system.


However, the hike in retirement age that the MSNBC co-hosts and deficit commission co-chairmen are praising would be a very punitive way to ensure further solvency. As a Government Accountability Office report recently obtained by the AP found, “Raising the retirement age for Social Security would disproportionately hurt low-income workers and minorities, and increase disability claims by older people unable to work.”


Scaborough may not be entirely wrong to shrug off the possibility of his son Jack retiring at 69, if his son ends up being in the same socioeconomic class as him. Almost all of the gains in life expectancy over the past few decades have been among upper income earners. If current trends continue, middle and lower class Americans will see very little gain in life expectancy by the time the co-chairs plan to hike the retirement age. And “nearly half of workers over the age of 58 work at jobs that are either physically demanding or involve difficult work conditions,” meaning that if those trends continue, blue-collar workers will be hurt particularly hard by raising the retirement age.


Unfortunately, most Americans are not highly-paid TV hosts like Brzezinski and Scarborough.




Earlier today the students of Citrus College in Glendora, California published an open letter ("Governor Elect Jerry Brown: We need your help") concerning the institution's financial health. And if the letter's economic illiteracy and intellectual bankruptcy are indicative of California in general, I recommend flushing twice and starting over.

Dear Gov.-Elect Jerry Brown,

...as the generation who is currently feeling the brunt of the state's financial hardships, we are asking for your help because we do care and changes need to be made.

-- Education is our priority. Please invest in it.

...College enrollment has gone down inpart because students cannot afford tuition costs, putting more weight on our already-impacted local community colleges.

The UC and Cal State systems have continuously imposed tuition increases while still making class cute , in reality, making students pay more for less... We as students are not only handling with the pressures of succeeding in our studies, but also dealing with the stress of getting, seemingly unattainable, classes and trying to afford tuition...

Could someone interpret those last few sentences for me?

In order to pay for the ever-rising tuition, we also need to find work.

We need you to create jobs and offer tax incentives to keep jobs in California.

In short: we, the students of Citrus College, demand that you raise taxes to help increase the quality of education while simultaneously lowering taxes to keep jobs in California so we can find jobs.

According to the Los Angeles Times, California is ranked as having the third highest unemployment rate...

Next cuts and tax increases must be made in appropriate areas to bring back balance to this state's finances.

I'm sooo confused, students! Tax incentives, mentioned in the prior paragraph, are the opposite of tax increases.

One thing is certain, California needs to keep a closer eye on who is receiving public services like welfare and WIC...

The government should be run just like any other business and reduce the wasteful spending that they so often spend on overtime and unrealistic government pensions.

There should also be an increase in taxes... Alcohol and cigarettes should be more heavily taxed as well as the uncommonly thought of, junk food... For example, reconsider the soda tax.

Say, I wonder if heavy taxation of "junk food", "soda" and sundry other taxes will hurt entry-level jobs like those in grocery and convenience stores, mom-and-pop retailers and the like?

This is your second time as California's governor and our votes have shown we trust in your experience.

Please, do not let us down.

Sincerely, the students of the Citrus College Clarion.

Jerry Brown's first two terms as governor led to many of the problems you're facing now, kids. In fact, during the campaign, he was forced to admit to a series of screwups and Statist social engineering policies that helped bankrupt the state.

What color is the sky on your planet, Citrus College students?

Sorry, children, but you're about to find out for yourselves just how screwed up the the modern Democrat Party is. There are no unicorns, there are no free lunches, and your new governor is just like the old Jerry Brown: dumber than ever and owned lock, stock and barrel by the public sector unions.

Welcome to the Tea Party.



http://www.complaintsboard.com/complaints/alpine-payment-systems-c270446.html


http://www.complaintsboard.com/complaints/alpine-payment-systems-c270446.html


http://www.complaintsboard.com/complaints/alpine-payment-systems-c270446.html


Leslie Nielsen, &#39;Airplane!&#39; and &#39;Naked Gun&#39; star, dies at 84 <b>...</b>

Leslie Nielsen, who dazzled with deadpan in The Naked Gun and Airplane!, passed away on Sunday at a hospital near his home in Fort Lauderdale, Fla., where he...

Fox <b>News</b> &#39;12 - Wilshire &amp; Washington on Variety.com

I expect this is just the start of an ever-more rocky relationship between the news networks, but it may be a boon to the candidates. If they don't have to spend money to get exposure, doesn't it make more sense for them to wait until ...

Kara Dioguardi Without Makeup (&amp; Other <b>News</b>) - Starpulse.com

Kara Dioguardi showed up to the opening night of Cinderella at the El Portal Theatre in North Hollywood last night looking almost unrecognizable with hardly any makeup or hair styling. Looks like l...


http://www.complaintsboard.com/complaints/alpine-payment-systems-c270446.html


http://www.complaintsboard.com/complaints/alpine-payment-systems-c270446.html


http://www.complaintsboard.com/complaints/alpine-payment-systems-c270446.html


http://www.complaintsboard.com/complaints/alpine-payment-systems-c270446.html












Saturday, November 27, 2010

Making Money Work

“Not to the public, they can’t. They can be lent among banks on the fed funds market, but I doubt that’s what you mean.”


copied from below…


When someone makes X product for $1 less in production, then it is going to sell for $5+ less at retail.


The producer will sell more units and make profits, the retailer will sell more units and make higher profits even if they make a smaller margin per product, and millions of people will save $5+ a piece.


AND a bunch of people who before would not have bought the thing, now buy it… they choose to not buy another older thing they value less.


And that company making the older thing is suddenly vulnerable.


HOW those savings make it to the new smaller guy who’s now innovating to go after the older dying product – is IMPOSSIBLE to track. This is the knowledge problem.


But somehow he does get it… and the cycle begins again.


The somehow works like this: in the aggregate those consumers all have an extra $5 in their bank, there is now “more money to lend” more money chasing returns, which gives entrepreneurs better risk return on money borrowed, which brings more entrepreneurs to the game, which crowds out the money to borrow, which raises the cost of money.


And that’s really my point… there is actually an OPTIMAL number of new things coming to market too few and not enough progress happens, too many and not enough progress happens.


Thats IMPOSSIBLE to predict accurately because productivity gains come at the oddest times.


Here’s an example from my past: I know the guys who started Kazaa (and then Skype) … in 2001 we were coming out of a time when a couple BILLION dollars had been poured into Hollywood online content plays + Napster. During that time broadband adoption was slow going. After the entire thing crashed, and there was nothing online for broadband EXCEPT Kazaa/Morpheus stuff… and broadband went ape shit, adoption grew off the hook. Kazaa grew broadband adoption hand over fist, the telecoms and (their union pulling wires) made a killing.


Human Attention was focused – even on a highly questionable product – one that absolutely only gets better when new nodes enter the picture.


And ten years later, artists are richer, ticket sales have gone through the roof, because the cost of being a “fan” went to $0.


Figuring out after the fact WTF HAPPENED?!?! well, that’s doable – and while it was happening, I sat there and watched it, so I might have been able to do a play by play…


BUT TO ACTUALLY predict the exact when, the mechanisms and variables, and then then to try and architect it up front – like a bunch of silly half-wit liberal central planners think is doable. OR chattering about Aggregate Demand and Unused Capacity and thinking it makes you smart is just fucking stupid.


The lines go up, the lines go down and NO ONE is very good at predicting them.


But I can say for sure… printing money interferes with natural process of capital formation, ie savings which is fundamental to progress. And “extra money” doesn’t do anything except reduce the god-given-obligation to make things get cheaper.


As part of the ongoing Mashable Awards, we’re taking a closer look at each of the nomination categories. This is “Must-Follow Non-Profit.” Be sure to nominate your favorites and join us for the Gala in Las Vegas! Sponsorships are available. Please contact sponsorships@mashable.com for more information.

When it comes to social good, the name of the game is creating or inspiring change, and often with limited resources. That’s why social media is so important for non-profit organizations. By allowing organizations to reach more people with less money, social media has become an integral part of the non-profit toolbox.

Groups are using social media a variety of ways, from raising money to engaging with constituents on personal and meaningful levels. The most important thing social media offers for non-profits, though, is a highly effective channel to spread awareness about their cause. “Having 10 million people is more important than $10 million,” Change.org founder and CEO Ben Rattray told Mashable recently. “For advocacy you need to mobilize people, and the web helps you mobilize people like never before.”

There are any number of worthy non-profit organizations utilizing social media in new and interesting ways; below are five that caught our eye this year as must-follow groups. Please share in the comments any other non-profits you think deserve a follow and nominate them for a Mashable Award.

1. Brooklyn Museum

More than just a great art museum, the Brooklyn Museum is one of the most social media-savvy organizations on the planet. From a mobile website that lets visitors tag items in the gallery (which, in turn, helps to organize the museum’s vast, 94,000-record online collection) to a Foursquare account that offers tips for things to do in the neighborhood and rewards mayors with special parties and other offers, the Brooklyn Museum is hip to the latest social media trends.

What’s really great about the museum, which can also be found on Tumblr, Flickr, Facebook, YouTube, and Twitter, is that the staff is not afraid to innovate and try new things. They’re constantly testing out new social platforms and innovating new ways to use their current social media accounts. They even share the code behind some of their best ideas on GitHub!

2. Sesame Street Workshop

Sesame Street Workshop is the non-profit organization behind the beloved children’s classic television series Sesame Street, among others. And despite being 41 years old, these cats — er, Muppets — really know social media.

You can find your favorite Sesame Street residents on Twitter and Facebook (characters like Elmo, Big Bird and Oscar have their own Pages). Where the Workshop really excels, however, is YouTube. Sesame Street Workshop has made its biggest social media splash on YouTube, with exclusive content that often features celebrity guests and frequent parodies of other digital media memes, such as the Google search stories or the Old Spice Guy, that prove the people behind Sesame Street know their stuff.

3. WildlifeDirect

Founded in 2006 by noted African conservationist Dr. Richard Leakey, WildlifeDirect aims to save endangered animals in Africa. The organization helps local conservation groups around Africa raise funds, awareness and support for their conservation projects.

WildlifeDirect can be found on many of the usual social media networks, such as Twitter and Facebook, but where it really shines is blogging. The organization has set up an active blog network of more than 100 field blogs penned by conservation groups across Africa. The blogs are one of the main drivers of donations to the conservation work that the organization supports, but they also offer a fascinating look into the struggle to save endangered species in some of the most diverse and threatened areas on Earth.

4. Kids Are Heroes

Founded in 2008 by Gabe O’Neill and his then 9-year-old daughter, MaryMargaret, Kids Are Heroes is a non-profit group that has the admirable goal of inspiring children to get involved in the act of giving back. The website offers profiles of more than 100 kids who have at a young age (some as young as 5-years-old!) had a meaningful impact on their communities and the world — whether by training diabetic service dogs, donating books to low-income families, or raising millions of dollars for out-of-work war veterans. The organization’s message is loud and clear: Kids can make a difference.

Along with the inspiring stories, the Kids Are Heroes website allows children to send “shout outs” to one another, and the group maintains active and engaging Twitter and Facebook accounts.

5. Darius Goes West

Darius Weems and the Darius Goes West project is a force to be reckoned with. Afflicted with Duchenne Muscular Dystrophy (DMD) — a genetic degenerative muscular disease that killed his older brother — Darius and 11 of his friends set out six years ago to travel across America with the ultimate goal of getting Darius’ wheelchair customized on MTV’s Pimp My Ride. The group filmed that trip and turned it into the much-celebrated documentary film, Darius Goes West.

Six years later, Darius Goes West has become a movement — non-profit vehicle to raise money and awareness for the search for a DMD cure that now seems so tantalizingly close. Darius, who continues to defy the odds, recently turned 21 years old and the Darius Goes West crew continue to come up with innovative ways to spread their message and raise money using social media. From raising money through Facebook widgets to inspiring people to do crazy things in the name of charity, Darius Goes West is a must-follow cause for their innovation and unflappable humor.

What’s Your Take?

Which non-profits should we absolutely follow? Let us know your picks and recommendations in the comments below or nominate them for the Mashable Awards.

The Mashable Awards Gala at Cirque du Soleil Zumanity (Vegas)/>

In partnership with Cirque du Soleil, The Mashable Awards Gala event will bring together the winners and nominees, the Mashable community, partners, media, the marketing community, consumer electronics and technology brands and attendees from the 2011 International CES Convention to Las Vegas on Thursday, January 6, 2011. Together, we will celebrate the winners and the community of the Mashable Awards at the Cirque du Soleil Zumanity stage in the beautiful New York New York Hotel. The event will include acts and performances from our partner Cirque du Soleil Zumanity. In addition, there will be special guest presenters and appearances.

Date: Thursday, January 6th, 2011 (during International CES Convention week)/> Time: 7:00 – 10:00 pm PT/> Location: Cirque du Soleil Zumanity, New York New York Hotel, Las Vegas/> Agenda: Networking, Open Bars, Acts, Surprises and the Mashable Awards Gala presentations/> Socialize: Facebook, Foursquare, Meetup, Plancast, Twitter (Hashtag: #MashableAwards)

Sponsorships are available. Please contact sponsorships@mashable.com for more information.

Thanks to our sponsors:

Mashable Awards Gala Partner:

From a group of 20 street performers at its beginnings in 1984, Cirque du Soleil is now a global entertainment organization providing high-quality artistic entertainment. The company has over 5,000 employees, including more than 1,200 artists from close to 50 different countries.

Cirque du Soleil has brought wonder and delight to nearly 100 million spectators in 300 cities on five continents. In 2010 Cirque du Soleil, will present 21 shows simultaneously throughout the world, including seven in Las Vegas.

For more information about Cirque du Soleil, visit www.cirquedusoleil.com

Mashable Awards Online Partner:

Have you ever wished for your own personal gourmet Chef?

The Fresh Diet is like having a Cordon Bleu chef prepare your meals in your own kitchen. There’s no cooking, cleaning, shopping – just fresh prepared delicious meals, hand delivered to your door daily! Whether you want to lose weight or just want to eat healthy, The Fresh Diet can help you meet your goals. The best news, we’re giving away a FREE week of The Fresh Diet every day on our Facebook page. Just click here to become a fan and you could be the next winner. Join now!

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Join us at the 2011 International CES®, the global platform for inspired ideas and innovation. With 2,500 exhibitors, CES continues to be the world’s largest consumer technology tradeshow and always reflects the dynamic consumer electronics industry. The International CES is not open to the general public and all attendees must be in the CE industry to be eligible to attend the show. Register FREE for the 2011 CES with priority code MSHB, an exclusive promotion for Mashable Readers.

Mashable Awards Category Sponsor:

Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications including the BlackBerry® wireless platform and the new BlackBerry PlayBook. For the latest on the BlackBerry PlayBook visit the Inside BlackBerry Blog.

Win an iPad!

Join us on Facebook to learn how to enter Dynadot’s I Can Haz iPad Giveaway!

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Mobile Future is a broad-based coalition of businesses, non-profit organizations and individuals interested in and dedicated to advocating for an environment in which innovations in wireless technology and services are enabled and encouraged. Our mission is to educate the public and key decision makers on innovations in the wireless industry that have transformed the way Americans work and play and to advocate continued investment in wireless technologies.

Our “Mobile Year in Review 2010” animation proves a glimpse into the most notable breakthroughs in the wireless industry this year.

Yahoo! is an innovative technology company that operates the largest digital media, content, and communications business in the world. Yahoo! keeps more than half a billion consumers worldwide connected to what matters to them most, and delivers powerful audience solutions to advertisers through its unique combination of Science + Art + Scale. Yahoo! is headquartered in Sunnyvale, California. For more information, visit the company’s blog, Yodel Anecdotal.

Mashable Awards Gala Silver Sponsor:

Aro Mobile is an intelligent mobile experience that includes better email, connected contacts, smarter calendar and improved browsing.

The Aro system automatically learns what’s important in your life—the people, places, dates and organizations you care about most. In your communications, Aro automatically identifies people, places, events, dates,organizations and locations. From any recognized term, Aro offers quick action menus to speed up your day.

The unique Aro experience is powered by advanced web services: next generation natural language processing and semantic data analytics services. Aro gives you the power to see through the clutter and focus your mobile life.

Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications including the BlackBerry® wireless platform and the new BlackBerry PlayBook. For the latest on the BlackBerry PlayBook visit the Inside BlackBerry Blog.

Mashable Awards Gala VIP Lounge sponsor:

Influxis specializes in the deployment of creative streaming solutions. Services include large scale deployment, mobile streaming, turn-key applications, and enterprise support with custom network options. With the unique combination of a worldwide network, knowledgeable developer support and nearly a decade of streaming media experience, Influxis is an essential partner to businesses, advertisers, developers, educators, and others who seek expertise in innovative streaming.

Mashable Awards After Party Sponsor:

Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications including the BlackBerry® wireless platform and the new BlackBerry PlayBook. For the latest on the BlackBerry PlayBook visit the Inside BlackBerry Blog.

Image courtesy of iStockphoto, snapperharmer

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bench craft company scam

Swords &amp; Soldiers dated for PC PC <b>News</b> - Page 1 | Eurogamer.net

Read our PC news of Swords & Soldiers dated for PC.

Xtina&#39;s New Man Is Bad <b>News</b> | PerezHilton.com

Although she´s only been separated from hubby Jordan Bratman for three months, Christina Aguilera is head over heels for her new man Matthew Ruther - and she may be in for a while ride! ...

Last Look: Style <b>News</b> You Might Have Missed (PHOTOS, POLL)

Welcome to Last Look, where we round up the Style scraps that didn't make it to our news page this week. Click through and catch up on what else happened since Monday!


bench craft company scam

Swords &amp; Soldiers dated for PC PC <b>News</b> - Page 1 | Eurogamer.net

Read our PC news of Swords & Soldiers dated for PC.

Xtina&#39;s New Man Is Bad <b>News</b> | PerezHilton.com

Although she´s only been separated from hubby Jordan Bratman for three months, Christina Aguilera is head over heels for her new man Matthew Ruther - and she may be in for a while ride! ...

Last Look: Style <b>News</b> You Might Have Missed (PHOTOS, POLL)

Welcome to Last Look, where we round up the Style scraps that didn't make it to our news page this week. Click through and catch up on what else happened since Monday!


bench craft company scam

“Not to the public, they can’t. They can be lent among banks on the fed funds market, but I doubt that’s what you mean.”


copied from below…


When someone makes X product for $1 less in production, then it is going to sell for $5+ less at retail.


The producer will sell more units and make profits, the retailer will sell more units and make higher profits even if they make a smaller margin per product, and millions of people will save $5+ a piece.


AND a bunch of people who before would not have bought the thing, now buy it… they choose to not buy another older thing they value less.


And that company making the older thing is suddenly vulnerable.


HOW those savings make it to the new smaller guy who’s now innovating to go after the older dying product – is IMPOSSIBLE to track. This is the knowledge problem.


But somehow he does get it… and the cycle begins again.


The somehow works like this: in the aggregate those consumers all have an extra $5 in their bank, there is now “more money to lend” more money chasing returns, which gives entrepreneurs better risk return on money borrowed, which brings more entrepreneurs to the game, which crowds out the money to borrow, which raises the cost of money.


And that’s really my point… there is actually an OPTIMAL number of new things coming to market too few and not enough progress happens, too many and not enough progress happens.


Thats IMPOSSIBLE to predict accurately because productivity gains come at the oddest times.


Here’s an example from my past: I know the guys who started Kazaa (and then Skype) … in 2001 we were coming out of a time when a couple BILLION dollars had been poured into Hollywood online content plays + Napster. During that time broadband adoption was slow going. After the entire thing crashed, and there was nothing online for broadband EXCEPT Kazaa/Morpheus stuff… and broadband went ape shit, adoption grew off the hook. Kazaa grew broadband adoption hand over fist, the telecoms and (their union pulling wires) made a killing.


Human Attention was focused – even on a highly questionable product – one that absolutely only gets better when new nodes enter the picture.


And ten years later, artists are richer, ticket sales have gone through the roof, because the cost of being a “fan” went to $0.


Figuring out after the fact WTF HAPPENED?!?! well, that’s doable – and while it was happening, I sat there and watched it, so I might have been able to do a play by play…


BUT TO ACTUALLY predict the exact when, the mechanisms and variables, and then then to try and architect it up front – like a bunch of silly half-wit liberal central planners think is doable. OR chattering about Aggregate Demand and Unused Capacity and thinking it makes you smart is just fucking stupid.


The lines go up, the lines go down and NO ONE is very good at predicting them.


But I can say for sure… printing money interferes with natural process of capital formation, ie savings which is fundamental to progress. And “extra money” doesn’t do anything except reduce the god-given-obligation to make things get cheaper.


As part of the ongoing Mashable Awards, we’re taking a closer look at each of the nomination categories. This is “Must-Follow Non-Profit.” Be sure to nominate your favorites and join us for the Gala in Las Vegas! Sponsorships are available. Please contact sponsorships@mashable.com for more information.

When it comes to social good, the name of the game is creating or inspiring change, and often with limited resources. That’s why social media is so important for non-profit organizations. By allowing organizations to reach more people with less money, social media has become an integral part of the non-profit toolbox.

Groups are using social media a variety of ways, from raising money to engaging with constituents on personal and meaningful levels. The most important thing social media offers for non-profits, though, is a highly effective channel to spread awareness about their cause. “Having 10 million people is more important than $10 million,” Change.org founder and CEO Ben Rattray told Mashable recently. “For advocacy you need to mobilize people, and the web helps you mobilize people like never before.”

There are any number of worthy non-profit organizations utilizing social media in new and interesting ways; below are five that caught our eye this year as must-follow groups. Please share in the comments any other non-profits you think deserve a follow and nominate them for a Mashable Award.

1. Brooklyn Museum

More than just a great art museum, the Brooklyn Museum is one of the most social media-savvy organizations on the planet. From a mobile website that lets visitors tag items in the gallery (which, in turn, helps to organize the museum’s vast, 94,000-record online collection) to a Foursquare account that offers tips for things to do in the neighborhood and rewards mayors with special parties and other offers, the Brooklyn Museum is hip to the latest social media trends.

What’s really great about the museum, which can also be found on Tumblr, Flickr, Facebook, YouTube, and Twitter, is that the staff is not afraid to innovate and try new things. They’re constantly testing out new social platforms and innovating new ways to use their current social media accounts. They even share the code behind some of their best ideas on GitHub!

2. Sesame Street Workshop

Sesame Street Workshop is the non-profit organization behind the beloved children’s classic television series Sesame Street, among others. And despite being 41 years old, these cats — er, Muppets — really know social media.

You can find your favorite Sesame Street residents on Twitter and Facebook (characters like Elmo, Big Bird and Oscar have their own Pages). Where the Workshop really excels, however, is YouTube. Sesame Street Workshop has made its biggest social media splash on YouTube, with exclusive content that often features celebrity guests and frequent parodies of other digital media memes, such as the Google search stories or the Old Spice Guy, that prove the people behind Sesame Street know their stuff.

3. WildlifeDirect

Founded in 2006 by noted African conservationist Dr. Richard Leakey, WildlifeDirect aims to save endangered animals in Africa. The organization helps local conservation groups around Africa raise funds, awareness and support for their conservation projects.

WildlifeDirect can be found on many of the usual social media networks, such as Twitter and Facebook, but where it really shines is blogging. The organization has set up an active blog network of more than 100 field blogs penned by conservation groups across Africa. The blogs are one of the main drivers of donations to the conservation work that the organization supports, but they also offer a fascinating look into the struggle to save endangered species in some of the most diverse and threatened areas on Earth.

4. Kids Are Heroes

Founded in 2008 by Gabe O’Neill and his then 9-year-old daughter, MaryMargaret, Kids Are Heroes is a non-profit group that has the admirable goal of inspiring children to get involved in the act of giving back. The website offers profiles of more than 100 kids who have at a young age (some as young as 5-years-old!) had a meaningful impact on their communities and the world — whether by training diabetic service dogs, donating books to low-income families, or raising millions of dollars for out-of-work war veterans. The organization’s message is loud and clear: Kids can make a difference.

Along with the inspiring stories, the Kids Are Heroes website allows children to send “shout outs” to one another, and the group maintains active and engaging Twitter and Facebook accounts.

5. Darius Goes West

Darius Weems and the Darius Goes West project is a force to be reckoned with. Afflicted with Duchenne Muscular Dystrophy (DMD) — a genetic degenerative muscular disease that killed his older brother — Darius and 11 of his friends set out six years ago to travel across America with the ultimate goal of getting Darius’ wheelchair customized on MTV’s Pimp My Ride. The group filmed that trip and turned it into the much-celebrated documentary film, Darius Goes West.

Six years later, Darius Goes West has become a movement — non-profit vehicle to raise money and awareness for the search for a DMD cure that now seems so tantalizingly close. Darius, who continues to defy the odds, recently turned 21 years old and the Darius Goes West crew continue to come up with innovative ways to spread their message and raise money using social media. From raising money through Facebook widgets to inspiring people to do crazy things in the name of charity, Darius Goes West is a must-follow cause for their innovation and unflappable humor.

What’s Your Take?

Which non-profits should we absolutely follow? Let us know your picks and recommendations in the comments below or nominate them for the Mashable Awards.

The Mashable Awards Gala at Cirque du Soleil Zumanity (Vegas)/>

In partnership with Cirque du Soleil, The Mashable Awards Gala event will bring together the winners and nominees, the Mashable community, partners, media, the marketing community, consumer electronics and technology brands and attendees from the 2011 International CES Convention to Las Vegas on Thursday, January 6, 2011. Together, we will celebrate the winners and the community of the Mashable Awards at the Cirque du Soleil Zumanity stage in the beautiful New York New York Hotel. The event will include acts and performances from our partner Cirque du Soleil Zumanity. In addition, there will be special guest presenters and appearances.

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Swords &amp; Soldiers dated for PC PC <b>News</b> - Page 1 | Eurogamer.net

Read our PC news of Swords & Soldiers dated for PC.

Xtina&#39;s New Man Is Bad <b>News</b> | PerezHilton.com

Although she´s only been separated from hubby Jordan Bratman for three months, Christina Aguilera is head over heels for her new man Matthew Ruther - and she may be in for a while ride! ...

Last Look: Style <b>News</b> You Might Have Missed (PHOTOS, POLL)

Welcome to Last Look, where we round up the Style scraps that didn't make it to our news page this week. Click through and catch up on what else happened since Monday!


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Swords &amp; Soldiers dated for PC PC <b>News</b> - Page 1 | Eurogamer.net

Read our PC news of Swords & Soldiers dated for PC.

Xtina&#39;s New Man Is Bad <b>News</b> | PerezHilton.com

Although she´s only been separated from hubby Jordan Bratman for three months, Christina Aguilera is head over heels for her new man Matthew Ruther - and she may be in for a while ride! ...

Last Look: Style <b>News</b> You Might Have Missed (PHOTOS, POLL)

Welcome to Last Look, where we round up the Style scraps that didn't make it to our news page this week. Click through and catch up on what else happened since Monday!


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Friday, November 19, 2010

Making Money Your

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Traditional Doba money from Trobriand - Papua New guinea by Eric Lafforgue


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GT5 installs while played - Sony PlayStation 3 <b>News</b> - Page 1 <b>...</b>

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Good <b>news</b>: James Bond and Indiana Jones hooking up to fight aliens <b>...</b>

Good news: James Bond and Indiana Jones hooking up to fight aliens.

autosport.com - F1 <b>News</b>: Rosberg: Pirellis won&#39;t help Mercedes

Nico Rosberg doubts the new Pirelli tyres will do anything to ease the difficulties Mercedes suffered with front-tyre grip on the 2010 Bridgestones, after the Formula 1 teams tried the 2011 rubber for the first time in Abu Dhabi today.


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Traditional Doba money from Trobriand - Papua New guinea by Eric Lafforgue


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GT5 installs while played - Sony PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of GT5 installs while played - Sony.

Good <b>news</b>: James Bond and Indiana Jones hooking up to fight aliens <b>...</b>

Good news: James Bond and Indiana Jones hooking up to fight aliens.

autosport.com - F1 <b>News</b>: Rosberg: Pirellis won&#39;t help Mercedes

Nico Rosberg doubts the new Pirelli tyres will do anything to ease the difficulties Mercedes suffered with front-tyre grip on the 2010 Bridgestones, after the Formula 1 teams tried the 2011 rubber for the first time in Abu Dhabi today.


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GT5 installs while played - Sony PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of GT5 installs while played - Sony.

Good <b>news</b>: James Bond and Indiana Jones hooking up to fight aliens <b>...</b>

Good news: James Bond and Indiana Jones hooking up to fight aliens.

autosport.com - F1 <b>News</b>: Rosberg: Pirellis won&#39;t help Mercedes

Nico Rosberg doubts the new Pirelli tyres will do anything to ease the difficulties Mercedes suffered with front-tyre grip on the 2010 Bridgestones, after the Formula 1 teams tried the 2011 rubber for the first time in Abu Dhabi today.


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GT5 installs while played - Sony PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of GT5 installs while played - Sony.

Good <b>news</b>: James Bond and Indiana Jones hooking up to fight aliens <b>...</b>

Good news: James Bond and Indiana Jones hooking up to fight aliens.

autosport.com - F1 <b>News</b>: Rosberg: Pirellis won&#39;t help Mercedes

Nico Rosberg doubts the new Pirelli tyres will do anything to ease the difficulties Mercedes suffered with front-tyre grip on the 2010 Bridgestones, after the Formula 1 teams tried the 2011 rubber for the first time in Abu Dhabi today.


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GT5 installs while played - Sony PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of GT5 installs while played - Sony.

Good <b>news</b>: James Bond and Indiana Jones hooking up to fight aliens <b>...</b>

Good news: James Bond and Indiana Jones hooking up to fight aliens.

autosport.com - F1 <b>News</b>: Rosberg: Pirellis won&#39;t help Mercedes

Nico Rosberg doubts the new Pirelli tyres will do anything to ease the difficulties Mercedes suffered with front-tyre grip on the 2010 Bridgestones, after the Formula 1 teams tried the 2011 rubber for the first time in Abu Dhabi today.


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Traditional Doba money from Trobriand - Papua New guinea by Eric Lafforgue


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GT5 installs while played - Sony PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of GT5 installs while played - Sony.

Good <b>news</b>: James Bond and Indiana Jones hooking up to fight aliens <b>...</b>

Good news: James Bond and Indiana Jones hooking up to fight aliens.

autosport.com - F1 <b>News</b>: Rosberg: Pirellis won&#39;t help Mercedes

Nico Rosberg doubts the new Pirelli tyres will do anything to ease the difficulties Mercedes suffered with front-tyre grip on the 2010 Bridgestones, after the Formula 1 teams tried the 2011 rubber for the first time in Abu Dhabi today.


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GT5 installs while played - Sony PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of GT5 installs while played - Sony.

Good <b>news</b>: James Bond and Indiana Jones hooking up to fight aliens <b>...</b>

Good news: James Bond and Indiana Jones hooking up to fight aliens.

autosport.com - F1 <b>News</b>: Rosberg: Pirellis won&#39;t help Mercedes

Nico Rosberg doubts the new Pirelli tyres will do anything to ease the difficulties Mercedes suffered with front-tyre grip on the 2010 Bridgestones, after the Formula 1 teams tried the 2011 rubber for the first time in Abu Dhabi today.


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GT5 installs while played - Sony PlayStation 3 <b>News</b> - Page 1 <b>...</b>

Read our PlayStation 3 news of GT5 installs while played - Sony.

Good <b>news</b>: James Bond and Indiana Jones hooking up to fight aliens <b>...</b>

Good news: James Bond and Indiana Jones hooking up to fight aliens.

autosport.com - F1 <b>News</b>: Rosberg: Pirellis won&#39;t help Mercedes

Nico Rosberg doubts the new Pirelli tyres will do anything to ease the difficulties Mercedes suffered with front-tyre grip on the 2010 Bridgestones, after the Formula 1 teams tried the 2011 rubber for the first time in Abu Dhabi today.


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Police <b>News</b> at Steven Landsburg | The Big Questions: Tackling the <b>...</b>

1 Tweets that mention Police News at Steven Landsburg | The Big Questions: Tackling the Problems of Philosophy with Ideas from Mathematics, Economics, and Physics -- Topsy.com. Pingback on Nov 19th, 2010 at 3:23 am. 2 Police News at ...

WGN <b>News</b> Anchors Flip Out

WGN News Anchors Flip Out: Chicago news anchors comically go nuts when a bridge implodes the second they cut away from it...

Photos Implant &#39;Memories&#39; of Fictional <b>News</b> Events | Smart <b>...</b>

Participants in a study were far more likely to “remember” a fictional news event when a headline was accompanied by a tangentially relevant photograph.


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<b>News</b> Corp developing a tablet-exclusive publication

News Corp Logo Reuters is reporting that News Corp, the world's third-largest media conglomerate, has confirmed they will be releasing a news publication developed specifically for tablet computers like the iPad. "It's a tablet-only ...

One and a Half Cheers for Fox <b>News</b>, David Henderson | EconLog <b>...</b>

Senator Jay Rockefeller made a splash Wednesday by suggesting that the Federal Communications Commission shut down the Fox News Channel and MSNBC. My guess is that he mentioned MSNBC because he wanted to sound equally oppressive of both ...

Small Business <b>News</b>: Questions For Your Business

Everybody has questions when going into or running a business...everybody. If you have some burning inqueries you'd like to get answered, read our small.


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The Tools of Ignorance: Friday <b>News</b> - Pinstripe Alley

A big offer, the big man's snub, a little trade, and a call for a dose of sanity.

Lions vs. Cowboys: Good <b>News</b> On The Injury Front; Dez Bryant Is <b>...</b>

The Dallas Cowboys get some veterans back in practice, and Dez Bryant is a violent man.

Is Jennifer Lopez The Latest Celeb To Overdo It On Botox? (Photos <b>...</b>

Jennifer Lopez and Marc Anthony have launched a new clothing and accessories line for Kohl's. The items will be in stores in 2011. The couple appeared at a press conference in West Hollywood yeste...


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Thursday, November 18, 2010

Making Money in Wotlk

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Mechanopeep! by Eurcynia


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<b>News</b> Corp developing a tablet-exclusive publication

News Corp Logo Reuters is reporting that News Corp, the world's third-largest media conglomerate, has confirmed they will be releasing a news publication developed specifically for tablet computers like the iPad. "It's a tablet-only ...

Fox <b>News</b> President: Jon Stewart Is Crazy And NPR Is Run By Nazis <b>...</b>

The second part of The Daily Beast's interview with Fox News president Roger Ailes is out today, and Ailes' encore doesn't disappoint. He responded harshly to Jon Stewart's pervasive criticism of cable news and had some tough, ...

Fox <b>News</b> Decoded - Swampland - TIME.com

What do you do to amp ratings after you've won a big victory at the polls and the public has wandered off to start celebrating the holidays? At Fox News, the answer is obvious: you up the ante.


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Mechanopeep! by Eurcynia


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<b>News</b> Corp developing a tablet-exclusive publication

News Corp Logo Reuters is reporting that News Corp, the world's third-largest media conglomerate, has confirmed they will be releasing a news publication developed specifically for tablet computers like the iPad. "It's a tablet-only ...

Fox <b>News</b> President: Jon Stewart Is Crazy And NPR Is Run By Nazis <b>...</b>

The second part of The Daily Beast's interview with Fox News president Roger Ailes is out today, and Ailes' encore doesn't disappoint. He responded harshly to Jon Stewart's pervasive criticism of cable news and had some tough, ...

Fox <b>News</b> Decoded - Swampland - TIME.com

What do you do to amp ratings after you've won a big victory at the polls and the public has wandered off to start celebrating the holidays? At Fox News, the answer is obvious: you up the ante.


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<b>News</b> Corp developing a tablet-exclusive publication

News Corp Logo Reuters is reporting that News Corp, the world's third-largest media conglomerate, has confirmed they will be releasing a news publication developed specifically for tablet computers like the iPad. "It's a tablet-only ...

Fox <b>News</b> President: Jon Stewart Is Crazy And NPR Is Run By Nazis <b>...</b>

The second part of The Daily Beast's interview with Fox News president Roger Ailes is out today, and Ailes' encore doesn't disappoint. He responded harshly to Jon Stewart's pervasive criticism of cable news and had some tough, ...

Fox <b>News</b> Decoded - Swampland - TIME.com

What do you do to amp ratings after you've won a big victory at the polls and the public has wandered off to start celebrating the holidays? At Fox News, the answer is obvious: you up the ante.


eric seiger

<b>News</b> Corp developing a tablet-exclusive publication

News Corp Logo Reuters is reporting that News Corp, the world's third-largest media conglomerate, has confirmed they will be releasing a news publication developed specifically for tablet computers like the iPad. "It's a tablet-only ...

Fox <b>News</b> President: Jon Stewart Is Crazy And NPR Is Run By Nazis <b>...</b>

The second part of The Daily Beast's interview with Fox News president Roger Ailes is out today, and Ailes' encore doesn't disappoint. He responded harshly to Jon Stewart's pervasive criticism of cable news and had some tough, ...

Fox <b>News</b> Decoded - Swampland - TIME.com

What do you do to amp ratings after you've won a big victory at the polls and the public has wandered off to start celebrating the holidays? At Fox News, the answer is obvious: you up the ante.


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eric seiger

Mechanopeep! by Eurcynia


eric seiger
eric seiger

<b>News</b> Corp developing a tablet-exclusive publication

News Corp Logo Reuters is reporting that News Corp, the world's third-largest media conglomerate, has confirmed they will be releasing a news publication developed specifically for tablet computers like the iPad. "It's a tablet-only ...

Fox <b>News</b> President: Jon Stewart Is Crazy And NPR Is Run By Nazis <b>...</b>

The second part of The Daily Beast's interview with Fox News president Roger Ailes is out today, and Ailes' encore doesn't disappoint. He responded harshly to Jon Stewart's pervasive criticism of cable news and had some tough, ...

Fox <b>News</b> Decoded - Swampland - TIME.com

What do you do to amp ratings after you've won a big victory at the polls and the public has wandered off to start celebrating the holidays? At Fox News, the answer is obvious: you up the ante.


Wednesday, November 17, 2010

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The Electrical Engineering PhD and former CEO of Northrop Grumman will join Apple’s board of directors and serve as the Chair of the Audit and Finance Committee.  The spot was vacated when Jerome York passed away in March.


“Ron is an engineer at heart, who then became a very successful business leader. We are very excited to welcome him to Apple’s Board,” said Steve Jobs, Apple’s CEO. “In addition to having been the CEO of a high-tech Fortune 100 company, Ron has a Ph.D. in engineering and has been involved in the development of some very sophisticated technology.”


A little background from Wikipedia:.


Ronald D. Sugar (born 1949) has been chairman of the board and chief executive officer of Northrop Grumman Corporation, a global defense company, since 2003. On September 16, 2009, he announced that he would retire as CEO from Northrop Grumman at the end of the year, to be succeeded by now Chief Operating Officer Wesley G. Bush. He has also been a director of Chevron Corporation since 2005. In 1968, he graduated summa cum laude in engineering from the University of California, Los Angeles. He obtained a Ph.D. in electrical engineering from UCLA in 1971. He is a member of the USC Board of Trustees.


Press release follows.


The college preparatory schools would be restructured to teach by modules (the vocational schools could be similarly designed). For each grade level, a curriculum would be established identifying the subjects to be mastered to complete that grade. These might include fifteen to twenty topics each for math, science, history, language arts, fine arts, etc. Students would choose a topic module (e.g., beginning algebra: how to solve an equation), attend the classes, take a test (which might be written or oral), and have that module signed off by the teacher. Modules may be taken in any order, and students need not attend class to have a skill signed off; that is, they may study on their own or test on prior experience. Once all requirements for a grade were completed, the student would be awarded a diploma for that grade. Students would no longer achieve "high school graduation," but would be a graduate of the grade completed with a diploma for each level of achievement. Dropouts would no longer exist because every student would be a diploma-holding graduate of the last grade he/she completed successfully.
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Eva Longoria Files for Divorce from Tony Parker | TMZ.com

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Movie <b>News</b> Quick Hits: &#39;Paranormal Activity 3&#39; Gets a Release Date <b>...</b>

This 'Toy Story' Engagement Ring Box is just too adorable. - It shouldn't be much of a surprise, but Oren Peli has confirmed that 'Paranormal.

Google <b>News</b> experiments with metatags for publishers to give <b>...</b>

One of the biggest challenges Google News faces is one that seems navel-gazingly philosophical, but is in fact completely practical: how to determine authorship. In the glut of information on the web, much of it is, if not completely ...



12th Annual Charity Golf Tournament benefitting the Eureka Camp Society-Apex Secondary School-presented by SNC LAVALIN Pacific Liaicon and Associates Benefitting the Eureka Camp Society-Apex Secondary School photos by Ron Sombilon Gallery (327) by Ron Sombilon Gallery


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Movie <b>News</b> Quick Hits: &#39;Paranormal Activity 3&#39; Gets a Release Date <b>...</b>

This 'Toy Story' Engagement Ring Box is just too adorable. - It shouldn't be much of a surprise, but Oren Peli has confirmed that 'Paranormal.

Google <b>News</b> experiments with metatags for publishers to give <b>...</b>

One of the biggest challenges Google News faces is one that seems navel-gazingly philosophical, but is in fact completely practical: how to determine authorship. In the glut of information on the web, much of it is, if not completely ...


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Eva Longoria Files for Divorce from Tony Parker | TMZ.com

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Movie <b>News</b> Quick Hits: &#39;Paranormal Activity 3&#39; Gets a Release Date <b>...</b>

This 'Toy Story' Engagement Ring Box is just too adorable. - It shouldn't be much of a surprise, but Oren Peli has confirmed that 'Paranormal.

Google <b>News</b> experiments with metatags for publishers to give <b>...</b>

One of the biggest challenges Google News faces is one that seems navel-gazingly philosophical, but is in fact completely practical: how to determine authorship. In the glut of information on the web, much of it is, if not completely ...


Making Money Easy





25 Responses to “What’s Driving the Art Market? Easy Money.”







  1. Michael M Thomas Says:



    November 12th, 2010 at 11:33 am

    In the first big art boom, back in the late ’80s-90s, some one observed, “It isn’t that the art isn’t worth the m oney, it’s that the money isn’t worth the money.” – MM Thoomas








  2. Friday screencast: artflation Abnormal Returns Says:



    November 12th, 2010 at 1:36 pm

    Easy money and the red hot art market.  (Big Picture)








  3. Mike in Nola Says:



    November 12th, 2010 at 2:27 pm

    When I saw the Lichtenstein story on the BBC yesterday, was going to send BR a note that he might use as the start of a blog post.


    The point of my note was that such big prices tend to mark tops in stocks because it’s a sign of overconfidence combined with spending paper profits. The example that first came to mind yesterday was the Japanese investor who bought one of Van Gogh’s Sunflowers for $80M – in 1990 just after the Japanese market peak.

    http://www.highbeam.com/doc/1P2-1126944.html


    Of course there are other indicators. Remember reading about one of the well known players in the very early 1900′s who, when he saw $10k bet on the turn of a card, went out and correctly sold everything.


    An illustration of what some art investments are worth in hard times is that some segments of the art market were down 75% during the depths of the crash. The only reason art is booming again is because Ben B has repumped the liquidity bubble, allowing the banksters to make plenty instead of having their sorry asses thrown out on the street as they deserved.








  4. grlampton Says:



    November 12th, 2010 at 2:37 pm

    A lot of what this post says about the art market can also be said about the rare coin market. Granted, rare coins are not unique in the same way a single piece of artwork is (though some are close to unique).


    Although I do not know what the long-term appreciation figures are for artwork, classic American rare coins have outperformed the S&P over the lon g haul, and, in my view, thwey are a lot more fun.








  5. gms777 Says:



    November 12th, 2010 at 3:39 pm

    And for the 99.99 percent of us who don’t have millions to throw at art, when you buy art, buy it because you like it and think you will continue to enjoy looking at it in your house for years.


    Something like 95+% of all art never appreciates in value or if it does, it does so below the rate of inflation.








  6. obsvr-1 Says:



    November 12th, 2010 at 4:30 pm

    seems this is just the .1%-ers keeping up with the Rockerfellers


    Perhaps the FED should be buying up rare art during distressed markets — then sell to the Fraudsters and elitist when they have nothing better to do with their money but buy high priced art; then recycle the profits back to the taxpayer (reduce nat debt) — or substitute SSA for the FED to bolster the Trust Fund for self sufficiency.








  7. ToNYC Says:



    November 12th, 2010 at 5:07 pm

    If you’re very rich, you can ship your art to Switzerland, London or Singapore to be stored in a state-of-the-art facility and not have to worry about the Feds tracking it as funds.


    Believe it or not, that’s where the majority of art ends up these days, sitting in storage waiting for the right time and place to be shown or sold.


    great point you make:

    rich or just smart…keeping all invested in Intellectual Property keeps you free. Hard assets are more like anchors and chains and locks and guns.








  8. Long term Says:



    November 12th, 2010 at 5:12 pm

    The problem I see with art, as an investment or even as a store of value, is that BOTH the insurance AND storage costs of pieces in the $10M+ range are significant. And reoccuring. And a drag on ROI unless a large mark-up is achieved.








  9. Mannwich Says:



    November 12th, 2010 at 5:27 pm

    Then there’s this. Sure doesn’t sound worth it to me.


    http://www.nytimes.com/2010/11/14/realestate/14cov.html








  10. philipat Says:



    November 12th, 2010 at 6:44 pm

    I’d also recommend fine wine for similar reasons. Also more liquid (Double entendre intended!)








  11. pintelho Says:



    November 12th, 2010 at 7:33 pm

    Now this is an excellent educational piece…thank you Marion








  12. Long term Says:



    November 12th, 2010 at 9:06 pm

    i consider this very interesting from the perspective of how chinese billionaires will benefit high-end american exports.








  13. VennData Says:



    November 12th, 2010 at 11:13 pm

    What’s good for Damien Hirst is good for the global economy — Charles Wilson








  14. YourPortlandFinancialAdvisor Says:



    November 12th, 2010 at 11:30 pm

    “Blue-chip art is no different from gold.”

    It’s actually a lot different. People collect art to feel good about themselves, to feel intellectual, worldly, ect. Watch “Gone With the Wind”, Tara, the plantation is filled with paintings from Europe because that was the equivilant of the time. Plus anyone who fancies themselves a contemporary art collector must have and be judged by works of certain artists. Warhol would be one. No Warhol, no collection.








  15. Julia Chestnut Says:



    November 13th, 2010 at 5:52 am

    The distinction here is between art as a store of value and art as an investment that is expected to create appreciation. The big jump in the value of a piece of art occurs when the artist dies, and thus the supply ends. People who build a fortune in art do so by having good taste and developing a relationship with the people who create (and/or sell) the kind of art that they love. It is about enjoyment and communication – about beauty and provocation. I have found in my limited experience that people who see art as an investment don’t pick the right artists: someone has to do their choosing for them.


    But the pieces that we’re talking about in this article are investment grade – blue chips, as you said. Those are a store of value, alright. But as someone noted, the price of keeping something like that is extremely high. There are some pieces of such extreme value to certain unscrupulous people that you don’t insure them if you own them – because you are afraid that the appraiser or the insurance company might tip someone off about where the piece is. I wish I were being alarmist. Often these pieces are kept in professional storage in vaults because you don’t want to keep it where your family lives for these reasons. As old Priam found out long ago, possessing a thing of legendary beauty invites certain problems, especially if you are using it as a store of wealth.








  16. contrabandista13 Says:



    November 13th, 2010 at 8:25 am

    And just to think, I bought a “Melvin Cruddy” last week for $2.77 at Resales for the Retarded.


    It kinda looks like a Modigliani of Bugs Bunny and Daffy having breakfast at a Milwaukee coffee shop.








  17. BuffaloBill Says:



    November 13th, 2010 at 8:35 am

    A.) If bought at auction, there are also buyer’s and seller’s commissions. You’ll need to add these into your investment computations. These commissions are not insignificant.


    B.) If bought at auction, the hammer price (plus commission) is the single highest worldwide valuation for that piece.


    C.) To quote the late Lawrence Fleischman who headed Kennedy Galleries in NYC for many years. “Art makes a lousy investment for almost all buyers except for dealers as we work hard to maintain a rolodex of likely customers. ”


    D.) To quote the late Horace Solomon of Holly Solomon Galleries, “The painting hanging behind me is worth $125,000 – mostly because I say so.”








  18. contrabandista13 Says:



    November 13th, 2010 at 8:41 am

    The BIG MONEY plays in the art market are all about vanity… Oh….! Such refined and subtle sophistication…


    Having said that, It’s worth remembering that a trophy such as a Pollock or a real Modigliani, never grows old, never makes you carry it’s purse and will always comfort you in sickness and in heath….








  19. Greg0658 Says:



    November 13th, 2010 at 9:13 am

    interesting thread .. I’ll add my pov (thats point of view) not (privately owned vehicle :-) … while waiting for the pumpkin pie to bake


    I collect art – not blue chip art (I can’t) .. music 1st books 2nd clocks 3rd (why I started that with the dang time change twice a year) .. add general stuff to cover the walls, shelves and corners .. why I started that or continue that operation (as we slip back into a hunter gatherer society) (produced in mass production) I don’t know … I guess I’m a well trained consumerist .. worked all my life to turn green TP into stuff – because what good is scratchy green TP .. so coming up on the Thanksgiving season I’ll just ask for your thanks .. so thank you in advance … ie thanks for working to build stuff and then turn excess wages into stuff so people who can’t turn stuff into stuff can flip it for a living


    ps – the other pov – wish I could earn enough to have one of those fancies I loved to take pictures of – but then again – I might hit a deer with it or get it k@/@d








  20. ToNYC Says:



    November 13th, 2010 at 9:30 am

    Art as investment works for the smart players who realize that over time their judgment of the intellectual perspective which is IP, and what it is that the artist presents will be a Call on an increasing statement of value over time (and transferred stored savings). The ones that see the artist’s vision and help bring that awareness public do the very best and are the lifeblood of our culture as well.








  21. Saturday links: cleaner coal Abnormal Returns Says:



    November 13th, 2010 at 10:08 am

    What is driving the art market?  Easy money.*  (Big Picture)








  22. philipat Says:



    November 13th, 2010 at 11:31 am

    VennData Says:


    “What’s good for Damien Hirst is good for the global economy — Charles Wilson”


    IMHO, the new Warhol? And I mean that not kindly. Both take advantage of art as culture as fashion as Ladt Gaga to make money. No problem with that, and good luck to them. But is it art?








  23. Howard Lindzon » Blog Archive » Printing Money…I Mean Quantitative Easing Says:



    November 14th, 2010 at 2:07 am

    Today I am thinking about my Sotheby’s $BID indicator. I wrote about it a lot up until 2008 and have just forgotten about it until this fantastic post about the art market.








  24. Record Art Prices… Are the Rich Worried? Says:



    November 14th, 2010 at 3:34 pm

    Today I am thinking about my Sotheby’s $BID indicator. I wrote about it a lot up until 2008 and have just forgotten about it until this fantastic post about the art market.








  25. Abnormal Returns on Art Says:



    November 15th, 2010 at 1:02 am

    To read the post mentioned in the video, click here: What’s Driving the Art Market? Easy Money.












Leave a Reply



You must be logged in to post a comment.




Every time I listen to NJ Chris Christie I want to stand up and salute. Today is no different.

Please watch this 4 minute video where Chris Christie blasts LeRoy Seitz, Superintendent of Schools for the Parsippany School District about Seitz's threat to leave the state if his salary is reduced to $175,000.



NorthJersey.com has more details in Governor sets sights on Seitz contract

Last week the Parsippany-Troy Hills Board of Education voted 6-2 to renew Superintendent LeRoy Seitz's contract, which included a 2 percent per year salary increase.

What made the contract noteworthy, aside from the dozens of people that spoke out against it and the tongue lashing the Board and the Superintendent received from Gov. Chris Christie was that the contract Seitz is currently working under doesn't expire until July 1, 2011.

The Board began contract negotiations during the summer, at about the same time the Christie administration released information about a plan to cap chief administrator's salaries and tying the numbers to the enrollment in the district.

By finalizing the contract now the Board effectively agreed to give Seitz a salary well above the governor's proposed cap for almost five years.

At the Board meeting Mark Tabakin, the Board attorney, told the gathering of about 90 people that the cap is still in the proposal form, that the contract was approved by the County Executive Superintendent Kathleen Serafino and that it is a legal action. "People are upset," he acknowledged, "but it's up to the will of the Board."

The controversial contract drew township residents and protesters from as far away as Clifton and Hackettstown, who were outraged over the Board's end run around the proposed cap.

At times the dissenters were so vocal Board President Anthony Mancuso, who remained calm and in control throughout the proceedings, had to call for a 10-minute recess to let the outbursts subside. The police were also called during one of the breaks though they never had the need to take action.

When the public was allowed to speak the floodgates opened. Taking a sarcastic tact the first speaker Roman Hoshovsky said, "How can anyone be expected to live on $200,000?" Then he produced an empty canister and proposed using it as a collection jar in businesses around town to raise money for Seitz.

Barbara Hackling pointed out the Board had laid off teachers and refused to negotiate with the paraprofessionals, "but found money for him."

Karen Blunt, a 36-year Parsippany resident and a paraprofessional in the district said, "He is looking out for his future. I haven't had a raise in 4 years who is looking out for my future?"

The day before the meeting Seitz is quoted in the Daily Record as saying, "Because of the proposed salary caps, I have to look at my future and the financial welfare of my family. I certainly would have options if I didn't feel the compensation in this district, or New Jersey, is appropriate."

The governor reacted to Seitz's veiled threats to leave New Jersey and go to a nearby state where there is no state salary. "I will say in response to Mr. Seitz, 'Let me help you pack.' We have real problems in our state that we have to fix and we don't have the time, nor the money, nor the patience any longer for people who put themselves before our citizens," Christie railed.
I Applaud LeRoy Seitz

A tip of the hat goes to LeRoy Seitz for being such an arrogant SOB that that the meeting to discuss the new contract overflowed with citizens fed up with school board greed.

It is not easy standing up to thugs who want nothing more but to raise your taxes. But the voters did. That's how riled up they were.

I recommend voters in the Parsippany School District send a message to the ignoramuses who agreed to give LeRoy Seitz a new contract. Vote them off the school board.

Fortunately it takes approval from another level to agree to that raise, so the raise is not a done deal yet.

New Jersey taxpayers are fed up, and rightfully so. If LeRoy Seitz thinks he can get $212,000 elsewhere, more power to him. The same holds true for every public "servant". If you can get more in the private sector, shut up and do it.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List



benchcraft company scam

Activision closes Guitar Hero dev <b>News</b> - Page 1 | Eurogamer.net

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Google <b>News</b> experiments with metatags for publishers to give <b>...</b>

One of the biggest challenges Google News faces is one that seems navel-gazingly philosophical, but is in fact completely practical: how to determine authorship. In the glut of information on the web, much of it is, if not completely ...

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Read our news of NPD: Big debuts for Fallout, NBA 2K11.


benchcraft company scam




25 Responses to “What’s Driving the Art Market? Easy Money.”







  1. Michael M Thomas Says:



    November 12th, 2010 at 11:33 am

    In the first big art boom, back in the late ’80s-90s, some one observed, “It isn’t that the art isn’t worth the m oney, it’s that the money isn’t worth the money.” – MM Thoomas








  2. Friday screencast: artflation Abnormal Returns Says:



    November 12th, 2010 at 1:36 pm

    Easy money and the red hot art market.  (Big Picture)








  3. Mike in Nola Says:



    November 12th, 2010 at 2:27 pm

    When I saw the Lichtenstein story on the BBC yesterday, was going to send BR a note that he might use as the start of a blog post.


    The point of my note was that such big prices tend to mark tops in stocks because it’s a sign of overconfidence combined with spending paper profits. The example that first came to mind yesterday was the Japanese investor who bought one of Van Gogh’s Sunflowers for $80M – in 1990 just after the Japanese market peak.

    http://www.highbeam.com/doc/1P2-1126944.html


    Of course there are other indicators. Remember reading about one of the well known players in the very early 1900′s who, when he saw $10k bet on the turn of a card, went out and correctly sold everything.


    An illustration of what some art investments are worth in hard times is that some segments of the art market were down 75% during the depths of the crash. The only reason art is booming again is because Ben B has repumped the liquidity bubble, allowing the banksters to make plenty instead of having their sorry asses thrown out on the street as they deserved.








  4. grlampton Says:



    November 12th, 2010 at 2:37 pm

    A lot of what this post says about the art market can also be said about the rare coin market. Granted, rare coins are not unique in the same way a single piece of artwork is (though some are close to unique).


    Although I do not know what the long-term appreciation figures are for artwork, classic American rare coins have outperformed the S&P over the lon g haul, and, in my view, thwey are a lot more fun.








  5. gms777 Says:



    November 12th, 2010 at 3:39 pm

    And for the 99.99 percent of us who don’t have millions to throw at art, when you buy art, buy it because you like it and think you will continue to enjoy looking at it in your house for years.


    Something like 95+% of all art never appreciates in value or if it does, it does so below the rate of inflation.








  6. obsvr-1 Says:



    November 12th, 2010 at 4:30 pm

    seems this is just the .1%-ers keeping up with the Rockerfellers


    Perhaps the FED should be buying up rare art during distressed markets — then sell to the Fraudsters and elitist when they have nothing better to do with their money but buy high priced art; then recycle the profits back to the taxpayer (reduce nat debt) — or substitute SSA for the FED to bolster the Trust Fund for self sufficiency.








  7. ToNYC Says:



    November 12th, 2010 at 5:07 pm

    If you’re very rich, you can ship your art to Switzerland, London or Singapore to be stored in a state-of-the-art facility and not have to worry about the Feds tracking it as funds.


    Believe it or not, that’s where the majority of art ends up these days, sitting in storage waiting for the right time and place to be shown or sold.


    great point you make:

    rich or just smart…keeping all invested in Intellectual Property keeps you free. Hard assets are more like anchors and chains and locks and guns.








  8. Long term Says:



    November 12th, 2010 at 5:12 pm

    The problem I see with art, as an investment or even as a store of value, is that BOTH the insurance AND storage costs of pieces in the $10M+ range are significant. And reoccuring. And a drag on ROI unless a large mark-up is achieved.








  9. Mannwich Says:



    November 12th, 2010 at 5:27 pm

    Then there’s this. Sure doesn’t sound worth it to me.


    http://www.nytimes.com/2010/11/14/realestate/14cov.html








  10. philipat Says:



    November 12th, 2010 at 6:44 pm

    I’d also recommend fine wine for similar reasons. Also more liquid (Double entendre intended!)








  11. pintelho Says:



    November 12th, 2010 at 7:33 pm

    Now this is an excellent educational piece…thank you Marion








  12. Long term Says:



    November 12th, 2010 at 9:06 pm

    i consider this very interesting from the perspective of how chinese billionaires will benefit high-end american exports.








  13. VennData Says:



    November 12th, 2010 at 11:13 pm

    What’s good for Damien Hirst is good for the global economy — Charles Wilson








  14. YourPortlandFinancialAdvisor Says:



    November 12th, 2010 at 11:30 pm

    “Blue-chip art is no different from gold.”

    It’s actually a lot different. People collect art to feel good about themselves, to feel intellectual, worldly, ect. Watch “Gone With the Wind”, Tara, the plantation is filled with paintings from Europe because that was the equivilant of the time. Plus anyone who fancies themselves a contemporary art collector must have and be judged by works of certain artists. Warhol would be one. No Warhol, no collection.








  15. Julia Chestnut Says:



    November 13th, 2010 at 5:52 am

    The distinction here is between art as a store of value and art as an investment that is expected to create appreciation. The big jump in the value of a piece of art occurs when the artist dies, and thus the supply ends. People who build a fortune in art do so by having good taste and developing a relationship with the people who create (and/or sell) the kind of art that they love. It is about enjoyment and communication – about beauty and provocation. I have found in my limited experience that people who see art as an investment don’t pick the right artists: someone has to do their choosing for them.


    But the pieces that we’re talking about in this article are investment grade – blue chips, as you said. Those are a store of value, alright. But as someone noted, the price of keeping something like that is extremely high. There are some pieces of such extreme value to certain unscrupulous people that you don’t insure them if you own them – because you are afraid that the appraiser or the insurance company might tip someone off about where the piece is. I wish I were being alarmist. Often these pieces are kept in professional storage in vaults because you don’t want to keep it where your family lives for these reasons. As old Priam found out long ago, possessing a thing of legendary beauty invites certain problems, especially if you are using it as a store of wealth.








  16. contrabandista13 Says:



    November 13th, 2010 at 8:25 am

    And just to think, I bought a “Melvin Cruddy” last week for $2.77 at Resales for the Retarded.


    It kinda looks like a Modigliani of Bugs Bunny and Daffy having breakfast at a Milwaukee coffee shop.








  17. BuffaloBill Says:



    November 13th, 2010 at 8:35 am

    A.) If bought at auction, there are also buyer’s and seller’s commissions. You’ll need to add these into your investment computations. These commissions are not insignificant.


    B.) If bought at auction, the hammer price (plus commission) is the single highest worldwide valuation for that piece.


    C.) To quote the late Lawrence Fleischman who headed Kennedy Galleries in NYC for many years. “Art makes a lousy investment for almost all buyers except for dealers as we work hard to maintain a rolodex of likely customers. ”


    D.) To quote the late Horace Solomon of Holly Solomon Galleries, “The painting hanging behind me is worth $125,000 – mostly because I say so.”








  18. contrabandista13 Says:



    November 13th, 2010 at 8:41 am

    The BIG MONEY plays in the art market are all about vanity… Oh….! Such refined and subtle sophistication…


    Having said that, It’s worth remembering that a trophy such as a Pollock or a real Modigliani, never grows old, never makes you carry it’s purse and will always comfort you in sickness and in heath….








  19. Greg0658 Says:



    November 13th, 2010 at 9:13 am

    interesting thread .. I’ll add my pov (thats point of view) not (privately owned vehicle :-) … while waiting for the pumpkin pie to bake


    I collect art – not blue chip art (I can’t) .. music 1st books 2nd clocks 3rd (why I started that with the dang time change twice a year) .. add general stuff to cover the walls, shelves and corners .. why I started that or continue that operation (as we slip back into a hunter gatherer society) (produced in mass production) I don’t know … I guess I’m a well trained consumerist .. worked all my life to turn green TP into stuff – because what good is scratchy green TP .. so coming up on the Thanksgiving season I’ll just ask for your thanks .. so thank you in advance … ie thanks for working to build stuff and then turn excess wages into stuff so people who can’t turn stuff into stuff can flip it for a living


    ps – the other pov – wish I could earn enough to have one of those fancies I loved to take pictures of – but then again – I might hit a deer with it or get it k@/@d








  20. ToNYC Says:



    November 13th, 2010 at 9:30 am

    Art as investment works for the smart players who realize that over time their judgment of the intellectual perspective which is IP, and what it is that the artist presents will be a Call on an increasing statement of value over time (and transferred stored savings). The ones that see the artist’s vision and help bring that awareness public do the very best and are the lifeblood of our culture as well.








  21. Saturday links: cleaner coal Abnormal Returns Says:



    November 13th, 2010 at 10:08 am

    What is driving the art market?  Easy money.*  (Big Picture)








  22. philipat Says:



    November 13th, 2010 at 11:31 am

    VennData Says:


    “What’s good for Damien Hirst is good for the global economy — Charles Wilson”


    IMHO, the new Warhol? And I mean that not kindly. Both take advantage of art as culture as fashion as Ladt Gaga to make money. No problem with that, and good luck to them. But is it art?








  23. Howard Lindzon » Blog Archive » Printing Money…I Mean Quantitative Easing Says:



    November 14th, 2010 at 2:07 am

    Today I am thinking about my Sotheby’s $BID indicator. I wrote about it a lot up until 2008 and have just forgotten about it until this fantastic post about the art market.








  24. Record Art Prices… Are the Rich Worried? Says:



    November 14th, 2010 at 3:34 pm

    Today I am thinking about my Sotheby’s $BID indicator. I wrote about it a lot up until 2008 and have just forgotten about it until this fantastic post about the art market.








  25. Abnormal Returns on Art Says:



    November 15th, 2010 at 1:02 am

    To read the post mentioned in the video, click here: What’s Driving the Art Market? Easy Money.












Leave a Reply



You must be logged in to post a comment.




Every time I listen to NJ Chris Christie I want to stand up and salute. Today is no different.

Please watch this 4 minute video where Chris Christie blasts LeRoy Seitz, Superintendent of Schools for the Parsippany School District about Seitz's threat to leave the state if his salary is reduced to $175,000.



NorthJersey.com has more details in Governor sets sights on Seitz contract

Last week the Parsippany-Troy Hills Board of Education voted 6-2 to renew Superintendent LeRoy Seitz's contract, which included a 2 percent per year salary increase.

What made the contract noteworthy, aside from the dozens of people that spoke out against it and the tongue lashing the Board and the Superintendent received from Gov. Chris Christie was that the contract Seitz is currently working under doesn't expire until July 1, 2011.

The Board began contract negotiations during the summer, at about the same time the Christie administration released information about a plan to cap chief administrator's salaries and tying the numbers to the enrollment in the district.

By finalizing the contract now the Board effectively agreed to give Seitz a salary well above the governor's proposed cap for almost five years.

At the Board meeting Mark Tabakin, the Board attorney, told the gathering of about 90 people that the cap is still in the proposal form, that the contract was approved by the County Executive Superintendent Kathleen Serafino and that it is a legal action. "People are upset," he acknowledged, "but it's up to the will of the Board."

The controversial contract drew township residents and protesters from as far away as Clifton and Hackettstown, who were outraged over the Board's end run around the proposed cap.

At times the dissenters were so vocal Board President Anthony Mancuso, who remained calm and in control throughout the proceedings, had to call for a 10-minute recess to let the outbursts subside. The police were also called during one of the breaks though they never had the need to take action.

When the public was allowed to speak the floodgates opened. Taking a sarcastic tact the first speaker Roman Hoshovsky said, "How can anyone be expected to live on $200,000?" Then he produced an empty canister and proposed using it as a collection jar in businesses around town to raise money for Seitz.

Barbara Hackling pointed out the Board had laid off teachers and refused to negotiate with the paraprofessionals, "but found money for him."

Karen Blunt, a 36-year Parsippany resident and a paraprofessional in the district said, "He is looking out for his future. I haven't had a raise in 4 years who is looking out for my future?"

The day before the meeting Seitz is quoted in the Daily Record as saying, "Because of the proposed salary caps, I have to look at my future and the financial welfare of my family. I certainly would have options if I didn't feel the compensation in this district, or New Jersey, is appropriate."

The governor reacted to Seitz's veiled threats to leave New Jersey and go to a nearby state where there is no state salary. "I will say in response to Mr. Seitz, 'Let me help you pack.' We have real problems in our state that we have to fix and we don't have the time, nor the money, nor the patience any longer for people who put themselves before our citizens," Christie railed.
I Applaud LeRoy Seitz

A tip of the hat goes to LeRoy Seitz for being such an arrogant SOB that that the meeting to discuss the new contract overflowed with citizens fed up with school board greed.

It is not easy standing up to thugs who want nothing more but to raise your taxes. But the voters did. That's how riled up they were.

I recommend voters in the Parsippany School District send a message to the ignoramuses who agreed to give LeRoy Seitz a new contract. Vote them off the school board.

Fortunately it takes approval from another level to agree to that raise, so the raise is not a done deal yet.

New Jersey taxpayers are fed up, and rightfully so. If LeRoy Seitz thinks he can get $212,000 elsewhere, more power to him. The same holds true for every public "servant". If you can get more in the private sector, shut up and do it.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List



bench craft company scam

Activision closes Guitar Hero dev <b>News</b> - Page 1 | Eurogamer.net

Read our news of Activision closes Guitar Hero dev.

Google <b>News</b> experiments with metatags for publishers to give <b>...</b>

One of the biggest challenges Google News faces is one that seems navel-gazingly philosophical, but is in fact completely practical: how to determine authorship. In the glut of information on the web, much of it is, if not completely ...

NPD: Big debuts for Fallout, NBA 2K11 <b>News</b> - Page 1 | Eurogamer.net

Read our news of NPD: Big debuts for Fallout, NBA 2K11.


benchcraft company scam

bench craft company scam

Blastoff   Photo by BLASTOFF NETWORK


benchcraft company scam

Activision closes Guitar Hero dev <b>News</b> - Page 1 | Eurogamer.net

Read our news of Activision closes Guitar Hero dev.

Google <b>News</b> experiments with metatags for publishers to give <b>...</b>

One of the biggest challenges Google News faces is one that seems navel-gazingly philosophical, but is in fact completely practical: how to determine authorship. In the glut of information on the web, much of it is, if not completely ...

NPD: Big debuts for Fallout, NBA 2K11 <b>News</b> - Page 1 | Eurogamer.net

Read our news of NPD: Big debuts for Fallout, NBA 2K11.


benchcraft company scam




25 Responses to “What’s Driving the Art Market? Easy Money.”







  1. Michael M Thomas Says:



    November 12th, 2010 at 11:33 am

    In the first big art boom, back in the late ’80s-90s, some one observed, “It isn’t that the art isn’t worth the m oney, it’s that the money isn’t worth the money.” – MM Thoomas








  2. Friday screencast: artflation Abnormal Returns Says:



    November 12th, 2010 at 1:36 pm

    Easy money and the red hot art market.  (Big Picture)








  3. Mike in Nola Says:



    November 12th, 2010 at 2:27 pm

    When I saw the Lichtenstein story on the BBC yesterday, was going to send BR a note that he might use as the start of a blog post.


    The point of my note was that such big prices tend to mark tops in stocks because it’s a sign of overconfidence combined with spending paper profits. The example that first came to mind yesterday was the Japanese investor who bought one of Van Gogh’s Sunflowers for $80M – in 1990 just after the Japanese market peak.

    http://www.highbeam.com/doc/1P2-1126944.html


    Of course there are other indicators. Remember reading about one of the well known players in the very early 1900′s who, when he saw $10k bet on the turn of a card, went out and correctly sold everything.


    An illustration of what some art investments are worth in hard times is that some segments of the art market were down 75% during the depths of the crash. The only reason art is booming again is because Ben B has repumped the liquidity bubble, allowing the banksters to make plenty instead of having their sorry asses thrown out on the street as they deserved.








  4. grlampton Says:



    November 12th, 2010 at 2:37 pm

    A lot of what this post says about the art market can also be said about the rare coin market. Granted, rare coins are not unique in the same way a single piece of artwork is (though some are close to unique).


    Although I do not know what the long-term appreciation figures are for artwork, classic American rare coins have outperformed the S&P over the lon g haul, and, in my view, thwey are a lot more fun.








  5. gms777 Says:



    November 12th, 2010 at 3:39 pm

    And for the 99.99 percent of us who don’t have millions to throw at art, when you buy art, buy it because you like it and think you will continue to enjoy looking at it in your house for years.


    Something like 95+% of all art never appreciates in value or if it does, it does so below the rate of inflation.








  6. obsvr-1 Says:



    November 12th, 2010 at 4:30 pm

    seems this is just the .1%-ers keeping up with the Rockerfellers


    Perhaps the FED should be buying up rare art during distressed markets — then sell to the Fraudsters and elitist when they have nothing better to do with their money but buy high priced art; then recycle the profits back to the taxpayer (reduce nat debt) — or substitute SSA for the FED to bolster the Trust Fund for self sufficiency.








  7. ToNYC Says:



    November 12th, 2010 at 5:07 pm

    If you’re very rich, you can ship your art to Switzerland, London or Singapore to be stored in a state-of-the-art facility and not have to worry about the Feds tracking it as funds.


    Believe it or not, that’s where the majority of art ends up these days, sitting in storage waiting for the right time and place to be shown or sold.


    great point you make:

    rich or just smart…keeping all invested in Intellectual Property keeps you free. Hard assets are more like anchors and chains and locks and guns.








  8. Long term Says:



    November 12th, 2010 at 5:12 pm

    The problem I see with art, as an investment or even as a store of value, is that BOTH the insurance AND storage costs of pieces in the $10M+ range are significant. And reoccuring. And a drag on ROI unless a large mark-up is achieved.








  9. Mannwich Says:



    November 12th, 2010 at 5:27 pm

    Then there’s this. Sure doesn’t sound worth it to me.


    http://www.nytimes.com/2010/11/14/realestate/14cov.html








  10. philipat Says:



    November 12th, 2010 at 6:44 pm

    I’d also recommend fine wine for similar reasons. Also more liquid (Double entendre intended!)








  11. pintelho Says:



    November 12th, 2010 at 7:33 pm

    Now this is an excellent educational piece…thank you Marion








  12. Long term Says:



    November 12th, 2010 at 9:06 pm

    i consider this very interesting from the perspective of how chinese billionaires will benefit high-end american exports.








  13. VennData Says:



    November 12th, 2010 at 11:13 pm

    What’s good for Damien Hirst is good for the global economy — Charles Wilson








  14. YourPortlandFinancialAdvisor Says:



    November 12th, 2010 at 11:30 pm

    “Blue-chip art is no different from gold.”

    It’s actually a lot different. People collect art to feel good about themselves, to feel intellectual, worldly, ect. Watch “Gone With the Wind”, Tara, the plantation is filled with paintings from Europe because that was the equivilant of the time. Plus anyone who fancies themselves a contemporary art collector must have and be judged by works of certain artists. Warhol would be one. No Warhol, no collection.








  15. Julia Chestnut Says:



    November 13th, 2010 at 5:52 am

    The distinction here is between art as a store of value and art as an investment that is expected to create appreciation. The big jump in the value of a piece of art occurs when the artist dies, and thus the supply ends. People who build a fortune in art do so by having good taste and developing a relationship with the people who create (and/or sell) the kind of art that they love. It is about enjoyment and communication – about beauty and provocation. I have found in my limited experience that people who see art as an investment don’t pick the right artists: someone has to do their choosing for them.


    But the pieces that we’re talking about in this article are investment grade – blue chips, as you said. Those are a store of value, alright. But as someone noted, the price of keeping something like that is extremely high. There are some pieces of such extreme value to certain unscrupulous people that you don’t insure them if you own them – because you are afraid that the appraiser or the insurance company might tip someone off about where the piece is. I wish I were being alarmist. Often these pieces are kept in professional storage in vaults because you don’t want to keep it where your family lives for these reasons. As old Priam found out long ago, possessing a thing of legendary beauty invites certain problems, especially if you are using it as a store of wealth.








  16. contrabandista13 Says:



    November 13th, 2010 at 8:25 am

    And just to think, I bought a “Melvin Cruddy” last week for $2.77 at Resales for the Retarded.


    It kinda looks like a Modigliani of Bugs Bunny and Daffy having breakfast at a Milwaukee coffee shop.








  17. BuffaloBill Says:



    November 13th, 2010 at 8:35 am

    A.) If bought at auction, there are also buyer’s and seller’s commissions. You’ll need to add these into your investment computations. These commissions are not insignificant.


    B.) If bought at auction, the hammer price (plus commission) is the single highest worldwide valuation for that piece.


    C.) To quote the late Lawrence Fleischman who headed Kennedy Galleries in NYC for many years. “Art makes a lousy investment for almost all buyers except for dealers as we work hard to maintain a rolodex of likely customers. ”


    D.) To quote the late Horace Solomon of Holly Solomon Galleries, “The painting hanging behind me is worth $125,000 – mostly because I say so.”








  18. contrabandista13 Says:



    November 13th, 2010 at 8:41 am

    The BIG MONEY plays in the art market are all about vanity… Oh….! Such refined and subtle sophistication…


    Having said that, It’s worth remembering that a trophy such as a Pollock or a real Modigliani, never grows old, never makes you carry it’s purse and will always comfort you in sickness and in heath….








  19. Greg0658 Says:



    November 13th, 2010 at 9:13 am

    interesting thread .. I’ll add my pov (thats point of view) not (privately owned vehicle :-) … while waiting for the pumpkin pie to bake


    I collect art – not blue chip art (I can’t) .. music 1st books 2nd clocks 3rd (why I started that with the dang time change twice a year) .. add general stuff to cover the walls, shelves and corners .. why I started that or continue that operation (as we slip back into a hunter gatherer society) (produced in mass production) I don’t know … I guess I’m a well trained consumerist .. worked all my life to turn green TP into stuff – because what good is scratchy green TP .. so coming up on the Thanksgiving season I’ll just ask for your thanks .. so thank you in advance … ie thanks for working to build stuff and then turn excess wages into stuff so people who can’t turn stuff into stuff can flip it for a living


    ps – the other pov – wish I could earn enough to have one of those fancies I loved to take pictures of – but then again – I might hit a deer with it or get it k@/@d








  20. ToNYC Says:



    November 13th, 2010 at 9:30 am

    Art as investment works for the smart players who realize that over time their judgment of the intellectual perspective which is IP, and what it is that the artist presents will be a Call on an increasing statement of value over time (and transferred stored savings). The ones that see the artist’s vision and help bring that awareness public do the very best and are the lifeblood of our culture as well.








  21. Saturday links: cleaner coal Abnormal Returns Says:



    November 13th, 2010 at 10:08 am

    What is driving the art market?  Easy money.*  (Big Picture)








  22. philipat Says:



    November 13th, 2010 at 11:31 am

    VennData Says:


    “What’s good for Damien Hirst is good for the global economy — Charles Wilson”


    IMHO, the new Warhol? And I mean that not kindly. Both take advantage of art as culture as fashion as Ladt Gaga to make money. No problem with that, and good luck to them. But is it art?








  23. Howard Lindzon » Blog Archive » Printing Money…I Mean Quantitative Easing Says:



    November 14th, 2010 at 2:07 am

    Today I am thinking about my Sotheby’s $BID indicator. I wrote about it a lot up until 2008 and have just forgotten about it until this fantastic post about the art market.








  24. Record Art Prices… Are the Rich Worried? Says:



    November 14th, 2010 at 3:34 pm

    Today I am thinking about my Sotheby’s $BID indicator. I wrote about it a lot up until 2008 and have just forgotten about it until this fantastic post about the art market.








  25. Abnormal Returns on Art Says:



    November 15th, 2010 at 1:02 am

    To read the post mentioned in the video, click here: What’s Driving the Art Market? Easy Money.












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Every time I listen to NJ Chris Christie I want to stand up and salute. Today is no different.

Please watch this 4 minute video where Chris Christie blasts LeRoy Seitz, Superintendent of Schools for the Parsippany School District about Seitz's threat to leave the state if his salary is reduced to $175,000.



NorthJersey.com has more details in Governor sets sights on Seitz contract

Last week the Parsippany-Troy Hills Board of Education voted 6-2 to renew Superintendent LeRoy Seitz's contract, which included a 2 percent per year salary increase.

What made the contract noteworthy, aside from the dozens of people that spoke out against it and the tongue lashing the Board and the Superintendent received from Gov. Chris Christie was that the contract Seitz is currently working under doesn't expire until July 1, 2011.

The Board began contract negotiations during the summer, at about the same time the Christie administration released information about a plan to cap chief administrator's salaries and tying the numbers to the enrollment in the district.

By finalizing the contract now the Board effectively agreed to give Seitz a salary well above the governor's proposed cap for almost five years.

At the Board meeting Mark Tabakin, the Board attorney, told the gathering of about 90 people that the cap is still in the proposal form, that the contract was approved by the County Executive Superintendent Kathleen Serafino and that it is a legal action. "People are upset," he acknowledged, "but it's up to the will of the Board."

The controversial contract drew township residents and protesters from as far away as Clifton and Hackettstown, who were outraged over the Board's end run around the proposed cap.

At times the dissenters were so vocal Board President Anthony Mancuso, who remained calm and in control throughout the proceedings, had to call for a 10-minute recess to let the outbursts subside. The police were also called during one of the breaks though they never had the need to take action.

When the public was allowed to speak the floodgates opened. Taking a sarcastic tact the first speaker Roman Hoshovsky said, "How can anyone be expected to live on $200,000?" Then he produced an empty canister and proposed using it as a collection jar in businesses around town to raise money for Seitz.

Barbara Hackling pointed out the Board had laid off teachers and refused to negotiate with the paraprofessionals, "but found money for him."

Karen Blunt, a 36-year Parsippany resident and a paraprofessional in the district said, "He is looking out for his future. I haven't had a raise in 4 years who is looking out for my future?"

The day before the meeting Seitz is quoted in the Daily Record as saying, "Because of the proposed salary caps, I have to look at my future and the financial welfare of my family. I certainly would have options if I didn't feel the compensation in this district, or New Jersey, is appropriate."

The governor reacted to Seitz's veiled threats to leave New Jersey and go to a nearby state where there is no state salary. "I will say in response to Mr. Seitz, 'Let me help you pack.' We have real problems in our state that we have to fix and we don't have the time, nor the money, nor the patience any longer for people who put themselves before our citizens," Christie railed.
I Applaud LeRoy Seitz

A tip of the hat goes to LeRoy Seitz for being such an arrogant SOB that that the meeting to discuss the new contract overflowed with citizens fed up with school board greed.

It is not easy standing up to thugs who want nothing more but to raise your taxes. But the voters did. That's how riled up they were.

I recommend voters in the Parsippany School District send a message to the ignoramuses who agreed to give LeRoy Seitz a new contract. Vote them off the school board.

Fortunately it takes approval from another level to agree to that raise, so the raise is not a done deal yet.

New Jersey taxpayers are fed up, and rightfully so. If LeRoy Seitz thinks he can get $212,000 elsewhere, more power to him. The same holds true for every public "servant". If you can get more in the private sector, shut up and do it.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List



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