Tuesday, April 20, 2010

the big story

Hooray for the Next Bubble



Box office derivatives - betting box office results et al - is likely to bring the American entertainment industry to the brink in the near future


Hollywood usually embraces all that's trendy and hip. But moguls don't mind seeming like fuddy-duddies as they mobilize their heavy PR artillery against a new business proposal: futures trading based on a movie's box office performance.

Tinseltown got a jolt on Friday when the U.S. Commodity Futures Trading Commission authorized a company called Media Derivatives to create an exchange for movie futures. It would sell contracts that anticipate how much revenue a flick will generate from domestic ticket sales. Buyers would make or lose money based on the actual results.

Trade groups led by the Motion Picture Association of America say that's a form of gambling that invites chicanery. For example, a movie exhibitor could bet against a movie and then effectively throw the game by cutting its ad spending. Or someone could try to manipulate the market by spreading rumors that, say, the star of a big film is in rehab.

What's more, the pay offs for the contracts are based on nothing more than unofficial studio estimates about box office sales. There's no law to prevent a studio from estimating too high, or low.

"After the fiscal meltdown from which our country is still struggling to emerge, we have seen the danger of abusive financial practices," the MPAA and groups representing directors and theater owners said in a statement. "Now is the time to strengthen and stabilize our financial system, not the time to open the floodgates on an untested, and unwanted plan that could cause serious harm to an important American industry and its workers."

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CoOlDiGgY news

Clearly, OPEC Lost Control Of Oil In March



Russia oil production reached a new post-Soviet record in March following strong production levels in January and February


Non-OPEC global oil supply increased in March and is now expected to average 51.53 million barrels per day (mb/d) for 2010, which is a 0.50 mb/d increase over 2009 according to Hellenic Shipping News (HSN).

It is also an increase of 0.10 mb/d to the 2010 forecast from just a month ago.

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ALSO: 15 Drill-Crazy Countries That Are Rapidly Running Out Of Oil

*A Finance Overhaul Fight Draws a Swarm of Lobbyists

*Sanders: Congress Must Make Real Changes on Wall Street

*Goldman Sachs Hire Obama Aide

*The Unemployed: The New Face of Foreclosure

The New Face of Foreclosure from New America Media on Vimeo.



*Happy 420: The State Of Drug Decriminalization Efforts Across The Country

*Supreme Court appears to back student group's exclusionary rules

*Court: Animal Cruelty Image Law Too Broad

*The Left vs Obama: President Heckled by Gay Rights Advocates in California

*Church pedophilia scandal grows in Latin America

*Civil rights activist Dorothy Height dies at 98

the Girls of CoOlDiGgY tm

(coming soon)
move along, nothing to see here

girl blurbs

...now only 400 XBox points


*Why you can't tell Ryan ANYTHING: Crystal Bowersox says she was "betrayed by Seacrest"

*Octo, Oprah, Oprah, Octo: Nadya Suleman sets the record straight on Oprah

*Steve Jobs Won't Let You See This on your iPhone: Adriana Lima Topless

*Won't stop, can't stop: Megan Fox and Brian Austin "David Silver" Green as he races Toyotas

*In Defen$e Of Ke$ha

*Olivia Hot and Wilde


*Just the way we like 'em: Katy Perry's sweaty boobs at Coachella

*Prepared to have your sexuality challenged: 20 Celebs in Drag

*Saving you 2 hours of bad movie: Nude scene of Heather Graham topless and being a lesbian

*Excuse to look at Kate Beckinsale pics coming right up

*Nicole "Just Change Your Last Name to Something Pronounceable" Scherzinger has a rocking body

*VIDEO: Sandra Bullock with no ring

the random

Kim Kardashian really knows how to handle her pussy

CoOlDiGgY tech & media

Cyberattack on Google Said to Hit Password System



Ever since Google disclosed in January that Internet intruders had stolen information from its computers, the exact nature and extent of the theft has been a closely guarded company secret. But a person with direct knowledge of the investigation now says that the losses included one of Google’s crown jewels, a password system that controls access by millions of users worldwide to almost all of the company’s Web services, including e-mail and business applications.

The program, code named Gaia for the Greek goddess of the earth, was attacked in a lightning raid taking less than two days last December, the person said. Described publicly only once at a technical conference four years ago, the software is intended to enable users and employees to sign in with their password just once to operate a range of services.

The intruders do not appear to have stolen passwords of Gmail users, and the company quickly started making significant changes to the security of its networks after the intrusions. But the theft leaves open the possibility, however faint, that the intruders may find weaknesses that Google might not even be aware of, independent computer experts said.

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ALSO: 10 nations demand Google improve privacy


*Amazon fights demand for customer records

*So We'll Buy An Android: Censorship Advocate Steve Jobs says "Folks who want porn can buy an Android phone"

*Second-hand copiers can spill secrets

*Reality? High Society is renewed by CW, but friends to be re-cast

sports & health

Big Ten Expansion on Fast Track



When the Big Ten announced it would explore expansion last December, the conference said it would be a 12-18 month evaluation process. A decision could be coming much sooner, and the league likely will be adding more than one school, according to a story by the Chicago Tribune.

The conference appears to be hoping to wrap the process up before July 1, which is the first day of the fiscal year for universities.

Rumors of who might join the league have come fast and furious in the last four months and included Notre Dame, Texas, Pittsburgh and Rutgers along with other schools. It now appears that the Big Ten may take on three or five schools to bring its total number to 14 or 16.

Read more...

*NFL's final week only division games

*UFC Head is steamed at post-fight brawl

*McNabb open to T.O. in D.C.


*9 Most Misleading Food Labels

*Facing unfit recruits, military leaders target food in schools

*Tanning addicts are like alcoholics, study says

*Report: FDA should force rollback in salty foods

the frivolous

How To Order A Martini



When I began to think of what I would write about to begin this entry, I thought about the number of years that I've been active in the restaurant/hotel business, and how much change that I've seen. I began as a barback in 1973 and worked my way through every conceivable front-of-the-house position from Waiter to Sommelier to General Manager. The majority of my experience has been "behind the stick" as a bartender. From that vantage point, I have seen plenty, which I look forward to sharing with you.

When I began in the business, there were three distinct groups of customers: My parents and their parent's generation, the Depression Era/World War II generation, and my generation, who grew up in the '60s and '70s. There also were the kids who grew up in the 50's and they were a sort of hybrid group who lived in both cocktail-aware worlds. My generation generally ordered beer, wine, and maybe highballs or drinks like Black Russians, or margaritas, but rarely if ever did a Manhattan, Rob Roy, or a Martini touch their lips. There were places like TGI Friday's with their ambitious cocktail lists or Trader Vic's with a whole lineup of Tiki Drinks and so you just ordered the drink off the menu. No thinking or consideration of how it was to be made, you just trusted the bartender to produce it correctly. Many of the drinks couldn't be reproduced outside of that establishment, either due to a lack of knowledge or ingredients to make it with.

But, the martini was a drink everyone knew, or thought they knew. Somewhere in the late 1980s, depending on where you were drinking in the country, their was a Cocktail Revival. Classic cocktails like martinis were being ordered by the post-war generation in significant numbers. This tide swelled, until a critical mass of them were ordered on a regular basis. While the so-called "Greatest Generation" knew how to order a martini, the vast majority of the baby boomers did not. There was some confusion as to how to order a martini, and in what order to recite it. There are other cocktails that suffered the same fate, but for the sake of this article we will stick with the martini.
* * *

The martini in its classic form was made with gin -- make no mistake about it -- and years ago a martini meant gin, period. Vodka has usurped gin for many years now as the base of choice, so that has to be considered in this discussion. It should also be understood that a classic martini contained dry vermouth and perhaps orange bitters, but we will leave the bitters out for now.

Now I am not here to tell anyone what proportions of vermouth to have, or whether you should order it shaken or not. I simply want to enlighten those of you who were born after WWII as to how it was done then, and how easy it is to get what you want by following these simple steps:

First: Call your base, either gin or vodka or your brand of choice, e.g., Beefeater or Stoli.

Second: Dry or Extra Dry or Wet (Dry=less vermouth; Extra Dry=no vermouth; Wet=extra vermouth)

Third: Choose "Up" or "On the Rocks"

Fourth: Your garnish, olives or a lemon twist. (With a cocktail onion the drink is called a Gibson, so you don't need to say onions just substitute Gibson for martini). They used to order them "Naked" if they didn't want a garnish, but I haven't heard that in a while.

Lastly: If the bartender looks like he/she knows what they are doing, and the establishment is one of high repute, you don't need to tell them whether to shake or stir, because they should know that you only shake if a cocktail contains ingredients other than booze like juices or cream, or if the customer requests it, or if the drink is called "dirty," which means with olive brine which then could be shaken).

There it is, the old but rather simple way to order your martini and get what you want. Oh by the way, they taste better when you are dressed up, even if you are at home!!

See you when I see you!

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