. . . a teacher that would run off with a 15 year old boy and hide out at Motel 8?
Motel 6, perhaps, but not Motel 8.
Edit: We have a new pic. Not bad. Not bad at all.
. . . a teacher that would run off with a 15 year old boy and hide out at Motel 8?
Motel 6, perhaps, but not Motel 8.
Edit: We have a new pic. Not bad. Not bad at all.
For years I've invested in an S&P 500 Mutual Fund which was managed by E-Trade. Moments ago I received an email (below) which, loosely translated, means we are selling your shares in our mutual fund at its lowest price in years and giving you the cash. You want to be a long term investor? Too bad. We are forcing you to sell it.
Uh, I need a little help here. Financially, I know what it means to me, but is this a sign of bad things to come? I know I'm shipping my money out of E-trade once the sell occurs. I've never heard of anything like this.
The email:
After long and serious consideration, E*TRADE Securities has made the decision to discontinue our family of proprietary index mutual funds. As a result, the E*TRADE S&P 500 (ETSPX), Russell 2000 (ETRUX), Technology (ETTIX), and International (ETINX) Index Funds will be liquidated on a date no later than March 27, 2009 (the "Liquidation Date").
Of course, even though we are discontinuing these funds, as an E*TRADE customer, you have access to over 7,000 funds to help you find the right alternative.
Here are a few important points to keep in mind:
Effective as of the close of business on February 23, 2009, no purchases of the funds may be made and any applicable redemption fees or account fees charged by the funds will be waived.
If you do not redeem your shares yourself, your shares will be automatically converted to cash equal to their net asset value on the Liquidation Date. You will receive proceeds equal to the net asset value of the shares you held on the Liquidation Date after provision for all charges, expenses, and liabilities of the fund.
The redemption is treated as a taxable transaction, and you will have to pay taxes on the proceeds of the liquidation, even if your shares are automatically redeemed on the Liquidation Date.
Please be assured that this decision has nothing at all to do with the financial health of E*TRADE FINANCIAL, which has been, and continues to be, very well capitalized by every applicable regulatory standard.
Story.
(And going back to my creepy suicide-by-car post, there was this story this afternoon. I have absolutely no reason to believe that way anything other than an accident, but who in the world would ever know?)
Our district judge was in a good mood today when he tolerated a couple trying to get divorced when the case was set for an "agreed prove up."
They both approached the bench, the judge asked to see the paperwork about the agreement, and the guy says she still had "some of my stuff."
Judge: "So this isn't really isn't agreed, is it?"
Him: "She can have her divorce, I just want my stuff."
But the guy had a hard time coming up with a list of property that he was owed. Normally, you'd see a judge tell them to come back when everything is agreed to or go hire a lawyer if it was going to be a fight. But he worked through it and got them divorced. (The ex-husband will get his "collectible beer" back, by the way.)
Then the soon-to-be-divorced guy made me feel a little sad when he announced, "Thirty five years [of marriage] wasted." But his dramatic exit out of the courtroom kind went awry when he smashed in the back door (you pull it, don't push it.)
Finally saw this movie last night in a packed theater (it must have been the pre-Oscar rush.)
Verdict: It might move into my top ten list of all time favorite movies. Loved it. It was educational (you get to learn about India), brutal (you will not believe the treatment of children), disgusting (one scene caused the audience to issue the loudest grown I had ever heard - twice!), inspiring (love over money), guilt inducing (oh, the conditions of the slums), a guilty pleasure (you get caught up in Who Wants to Be a Millionaire), and touching (never has the "Phone a Friend" lifeline caused me to tear up before.)
The pacing between current day and flashbacks was absolutely brilliant.
Once it was over, I bet 90% of the audience remained in their seats as the credits rolled. And it didn't hurt that the movie suddenly transformed itself from a gut wrenching drama to bring-a-smile-to-your-face music dance video.
I sat in my seat and just said, "wow."
Does it live up to the hype? Absolutely.
I just watched this new documentary about Philippe Petit's 1974 tightrope walk across a cable strung between the two buildings of the World Trade Center. I can't tell you enough how great it is. I had never considered:
And it looks like they will play Decatur on Tuesday night in Saginaw. Good times. Edit: The game has been moved to 7:30 p.m. Tuesday night at Texas Woman's University in Denton.
Edit: And the outdated picture comes from Decatur High School's current "Lady Eagle Basketball" page.
Drudge has been running stories of the craziness involving the stock of Citibank and Bank of America today. In essence, there is a fear that the banks are in such bad shape that the government is going to seize them and run them. If that happens, they say, every share of stock becomes worthless. I started watching Citigroup about an hour ago when it was at a shocking $1.90. And it keeps getting worse.
I just got my copy of Voice For The Defense which is a magazine for Texas criminal defense lawyers. A few months back they started a feature called "Kudos" which provides blurbs about lawyers receiving awards, winning appellate cases on unique legal issues, or doing great things like working successfully on the Innocence Project.
Oh, yeah, and occasionally they will throw in a "not guilty" trial win. Which brings me to the above blurb. It's self explanatory but, if not, it says a guy was found not guilty of sexual assault while he was on probation (the result of a plea bargain) for a different crime that had originally been indicted as sexual assault of a child. I understand the kudo (since I assume the guy was not guilty or the evidence was insufficient to convict), but the magazine might want to tap the brakes on the way they word these things.
If it made me cringe, I bet it will drive you insane.
How many suicides do you think are caused by auto wrecks? I mean, how would you ever know?
This came up as I finished The Tipping Point which discussed how, stay with me here, even suicides can be contagious. That is, one death can give other people the "courage" to do that act. And, as attempted evidence, the author cited studies that show an increase in fatal car crashes the day after a highly publicized suicide.
(Uh, this does not constitute a Thursday afternoon pick me up.)
It has no impact, but you have to like a Concurrent House Resolution 50 that has been introduced in the Texas Legislature.
(Ok, federalism isn't as sexy as girls in bikinis but it's pretty darn close.)
Source.