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Aaron Gordon Left The Shock Exchange Speechless PDF Print E-mail

The Slam Dunk Contest has gotten monotonous over the years. After all, how many new dunks can one do? The Magic's Aaron Gordon and the Timberwolves' Zac Levine left the Shock Exchange speechless Saturday night -- no small task. Gordon wowed with this "Over The Mascot ... Under The Legs ... Over The Head" number. However, Levine won it with a throw-the-legs slam from just inside the free-throw line. We were all witnesses ...

John Lewis On Bernie Sanders, "I Never Saw Him, Never Met Him" PDF Print E-mail
ImageThe Congressional Black Caucus PAC threw its support behind presidential candidate Hillary Clinton last week, raising a lot of eyebrows. Hillary has been taken to task by the public for her husband's role in the mass incarceration of blacks and the repeal of Glass-Steagall. She has also been painted as a Wall Street sympathizer and for having made hundreds of millions from speaking fees to the big banks. However, rep. John Lewis (D. Georgia) made the biggest headlines ( https://www.youtube.com/watch?v=LDYvG3KE1oQ ) when referring to Bernie Sanders' civil rights record.
Knicks Fire Derek Fisher After 23-31 Start PDF Print E-mail

ImageThe Knicks fired Derek Fisher ( http://espn.go.com/nba/story/_/id/14739795/new-york-knicks-fire-coach-derek-fisher-23-31-start-season )  last week after a 23-31 start. Derek Fisher entered the season on the hot seat after having been in an altercation with former teammate Matt Barnes over his "alleged" involvement with Barnes' estranged wife. Fisher seemed to be nonchalant about the altercation. Chatter suggested that he even brought attention to by reporting Barnes and the incident to the NBA league office. The general rule is, "If you're going to be a distraction then you had better produce.

With $3B In Goodwill And Losses Unabated Is Weatherford The Next Enron? PDF Print E-mail


Weatherford International has cash flow problems, is experiencing liquidity strain and its $3 billion in goodwill could be impaired (in my opinion) just like Enron. The company's $7.5 billion in debt is at 7x run-rate EBITDA -- junk levels. It has been downgraded to junk by the three major rating agencies. Another downgrade from Moody's is almost certain within weeks. The company has a $350 million principal payment due this month, and a $650 million payment due in Q2 2017. It has gotten so bad that market chatter is suggesting Weatherford may need to borrow on its revolving credit agreement to make its February payment -- "robbing Peter in order to pay Paul."  


Cam Newton Is The Black Kirk Gibson PDF Print E-mail

ImageAfter the Denver Broncos manhandled the Carolina Panthers 24-10 Panthers QB Cam Newton wasn't in a kind mood during the post-game interview. In full "beast mode", Newton gave one-word answers to a few questions and them walked off. He was called "boy" by Bill Romanowski and labeled a "sore loser" by the media:

"I've been on record to say I'm a sore loser,'' Newton said Tuesday as players cleaned out their lockers. "Who likes to lose? You show me a good loser and I'm going to show you a loser. It's not a popularity contest. I'm here to win football games.'' Newton said if he offended anyone, "that's cool." He added: "But I know who I am and I'm not about to conform nor bend for anybody's expectations because your or anybody else's expectations will never exceed mine."

Bill Romanowski Called Cam Newton "Boy" On Twitter PDF Print E-mail

The Carolina Panthers were stymied by the Denver Broncos' elite defense, leading to a 24-10 loss. Normally fun to watch, the Panthers cried and were generally "Debbie Downers" after the big loss. QB Cam Newton gave one word answers during the post-game press conference and was rather short with the media. This prompted former Denver Bronco Bill Romanowski call Cam "boy" on Twitter:

"Shock Exchange" Snubbed For Major Book Awards. Where's Michael Moore? PDF Print E-mail

ImageNo African-American was nominated for an Oscar and apparently the world stopped spinning on its axis. Will and Jada Smith boycotted the Oscars in a very public way. It seems like every named actor or actress had a camera shoved in his/her face in order to get the scoop. It even triggered a Twitter (TWR) hashtag #OscarsSoWhite. Michael Moore shocked everybody when he became the first A-list director to join the boycott:

Bitter Truth The Oscars Won't Tell The Blacks PDF Print E-mail

ImageThe Oscars have no actresses or actors nominated for the award and it has gotten Will and Jada Smith's dander up. There is a general consensus that Smith was snubbed for his performance in the "Concussion" movie, which may have amplified his angst. He recently reminded the Academy of the importance of diversity:

Solange, Jon Caramanica Tete-A-Tete Is Bigger Than You Think PDF Print E-mail

ImageSolange Knowles set the Internet on fire last week with her tete-a-tete with New York Times music critic Jon Caramanica. What kicked it off was a podcast where Ben Ratliff and Caramanica gave their take on Chief Keef, cultural tourism and who has the right to write about black music and/or culture:

FT's Martin Wolf - "Prepare For Next Recession 'Shock Exchange' Already Predicted" PDF Print E-mail

ImageIn mid-December Janet Yellen raised interest rates for the first time in nearly a decade. Since, the S&P 500 is off about 10%. Q4 earnings season has not helped as corporate earnings have declined and the outlook is dismal. With no Yellen to pump up asset prices the "next recession" is on everyone's mind. Ralph Baker's Shock Exchange: How Inner-City Kids From Brooklyn Predicted The Great Recession And The Pain Ahead predicted another recession, but apparently no one believe him. He predicted bail outs to Wall Street and quantitative easing were a complete waste of time. Now Martin Wolf of the Financial Times believes the world should prepare for the next recession:

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