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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:

Ralph Baker And "Shock Exchange" - Only Author Bernie Sanders Listens To PDF Print E-mail

ImageThe Internet has been abuzz for weeks with a call for reparations. First of all, reparations was a subject my friends and I discussed in college about 30 years ago. Secondly, if it wasn't for journalists and bloggers discussing I it never would have known it was a hot topic. The President, Congress nor the Senate have rushed to put a bill together. The Atlantic recently called out Bernie Sanders for not supporting it. Salon's Silpa Kovvali took Bernie to task  and you knew the subject had jumped the shark when rapper Killer Mike clapped back at Ta Nehisi Coates for his original hit piece on Bernie:

Weatherford International - Will Lenders Demand Equity In Exchange For A Lifeline? PDF Print E-mail
ImageWeatherford International rose nearly 20% Thursday after delivering a revenue and earnings beat. WFT was buoyed after management re-negotiated new debt covenants that allowed the company to remain in business for a few more quarters. In my opinion, the company needs new equity to help support its $7.4B debt at junk levels -- debt/EBITDA is approaching 7x. It may need to borrow from short-term lenders to help meet principal payments on [i] $350MM due this month and [ii] $650MM due in Q2 2017. Longs believe lenders will offer Weatherford more capital with equity-like risk for debt-like returns. I highly doubt it. Weatherford might have to give up equity or warrants in exchange for another lifeline.
Weatherford International Q4 Earnings - Will Auditors "CYA?" PDF Print E-mail
Weatherford International is set to report Q4 earnings on Thursday. Analysts expect a decline in revenue of 10% Q/Q and loss per share of $0.19. After Halliburton, Baker Hughes and Schlumberger reported double-digit revenue declines in North America, I expect similar results for Weatherford. That's problematic as North America represents the company's largest segment and most operating losses. Of Weatherford's $3.2 billion goodwill, $1.8 billion is pursuant to the region. All eyes are on asset impairments in Q4. If the auditors require impairments north of $2 billion, it could cause a breach of debt covenants. A commenter from my previous article believes the auditors will "CYA" and hit Weatherford with the kitchen sink:
Vernon Johns - Prince Edward Co. VA Radical Who Inspired Dr. King PDF Print E-mail
James Earl Jones As Vernon Johns
Today we celebrate the birthday of Dr. Martin Luther King Jr. who used non-violent protests during the civil rights movement. His bus boycotts and non-violent marches put a spotlight on how the black man was treated in America -- a spotlight that the world could not look away from. While King was known as gentle and none-threatening, the white establishment saw him as radical and threatening. Unbeknownst to many, King got his radical ideas from Reverend Vernon Johns who hails from my home town of Prince Edward County, VA. According to Shock Exchange: How Inner-City Kids From Brooklyn Predicted The Great Recession And The Pain Ahead, King referred to Johns as the "Father of desegregation": 
Lawrence Phillips Dead In Prison Of Apparent Suicide PDF Print E-mail

ImageTroubled Nebraska Cornhusker and L.A. Rams running back Lawrence Phillips was pronounced dead Wednesday morning by the California Department of Corrections. The cause of death was an apparent suicide:

The department said Phillips was found unresponsive in his prison cell at Kern Valley State Prison shortly after midnight and was taken to a hospital, where he was pronounced dead. Since 2008, Phillips, 40, had been serving a 31-year-4-month sentence for offenses including choking his girlfriend and driving a car into three people after losing a pickup football game.

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