This show is promiscuous, with plenty of shady characters and it looks like modern version of an orgy. Most of the girls are ugly and stupid and the men are just about as ridiculous only less manipulative. Or so it seems to be.

Following is the roundup of the show:

- I have never understood the fascination for Kiptyn, from Jillian’s ‘The Bachelorette’. He is an average guy, nothing special about him. Maybe he was white washed during her show; however, right now he just look like a guy you can pass on the street without giving him a second look. Sometimes I even feel sorry for the character assassination he is going through. But then I remember the rumours about him and Tenley and yeah, I reconsider all of that.
- Tenley is pretty ugly and when she cries- and she does it a lot- she looks even worse. She has no substance and she is immature, clingy and kind of stupid. That throws a bad image on Kiptyn. I mean, come on! She was the best you could do Kiptyn?
- Elizabeth is horrible. A manipulative feral bitch. I have no idea what was in people’s mind for sending Gia home and keeping her around. She has a bad tan, wrong hair colour and over all she looks like a low life, like a trailer trash. I have seen better-looking prostitutes on East Hastings.
- Jesse Kovacs- the good edit he’s got on Jillian’s show is gone. Is this the real Jesse? Bleah.
- Nikki should have stayed at home. She milked the bad romance she had with Juan, and now she is just a side dish.
- Melissa- this chick should just vanish into the sunset ASAP. She is so, so freaking annoying I can’t even describe it. I feel like switching the channels and watching Larry King or the old dinosaurs from the ’60 minutes’ rather than her face. OK, so she was publicly humiliated. Water under the bridge. She got the Dancing with the Stars gig, now it’s time to stop flapping her gums and go home. Seriously, Chris Harrison is more than sufficient for this super stupid show. Why did he need a sidekick? She had her 15 minutes of fame.

Hello!!!! the producers of ‘Bachelor Pad’!!! Stop this insanity. It’s not funny, smart or sexy. It’s just disgusting. If you just wanted to show us how low people can go to win $250,000 we got the message.

I am done with this show. I was done with The Bachelor and The Bachelorette long before this stupid show came on board. But you know what? They look classy by comparison.

I started digging for information on Transocean, and the more I read, the more disgusted I am.

First of all, Transocean is the biggest contractor of offshore oilrigs in the world.
With drilling rigs and other vessels servicing the rigs, Transocean Ltd has about 141 vessels, 14 of them alone in the Gulf of Mexico. Following is a picture representing the platforms currently in the Gulf of Mexico.

The Transocean/s vessels sail under various obscure flags: Marshall Islands, Panama and Liberia.
Because Deepwater Horizon is Marshall Islands flagged- along with 34 other rigs- the primary responsibility for safety and other inspections rested not with the U.S. government but with the Republic of the Marshall Islands. The Republic of Marshall Islands outsourced the inspections to private contractors, making the whole situation a lot more stinkier.
Transocean moved their legal domiciles first to Cayman Island, then to Switzerland to avoid paying U.S. taxes. According to Martin Sullivan, contributing editor of Tax Analysts, the move saved Transocean a grand total of $1.88 billion in taxes, since 2002.

As it can be seen, Transocean is not really a poor company, about to go bankrupt. They should face the music and part the guilt with BP. Instead of that, they shamelessly cited an 1851 law requesting that its liability to be limited to $27 million. That would be the cost of the sunken vessel

‘While the company may not succeed in limiting its financial liability, the filing could give Transocean an edge in what could be a lengthy, multipronged legal battle against claims for damages from the accident that killed 11 workers

Zug, Switzerland-based Transocean also said it contests any liability arising from claims filed under the Oil Pollution Act of 1990, enacted after 1989’s Exxon Valdez spill in Alaska, for damages from the oil emanating from the sea floor. Under the Oil Pollution Act and the British company’s contract with Transocean, oil-field owner BP is responsible for paying clean-up costs, and executives of the London-based company have said they will foot the bill and honour legitimate damage claims.
“We expect that BP will honour that contract,” Transocean Chief Executive Steven Newman said last week during a conference call on the company’s earnings. ‘
(Source: MarketWatch)

In case you are curious to know how much insurance money we are talking about, the company said it has received $481 million of the $560 million it expects in insurance proceeds to cover the cost of its oil drilling rig.
Of the insurance money, Transocean predicts an accounting gain of $270 million for the total loss of the rig.
Source: Insurancenewsnet.com

Transocean’s rigs are leased to various companies like: BP, Chevron, Stateoil, Total, Anadarko, Husky (now I am officially worried) etc. The rigs were commissioned over 30 something years and had been build at various shipyards, spread from Spain to Korea.
Source: Rigzone.com

At this point in time, I really don’t believe that we actually know the full extend of the damages or that we have been told the true story. It’s more interesting to figure out what it has not been told; however probably it’s classified information that will be buried for the next century or so.

Various websites host articles and comments related to the spill. Most of the comments are pretty angry rhetoric flying back and forth between British and American people, each of them blaming the other ones for being inconsiderate or quite fully responsible just because.

Let’s start by saying the British Petroleum (BP) is NOT a 100% British company. British Petroleum merged with Amoco (formerly Standard Oil of Indiana) in December 1998,becoming BP Amoco plc. In 2000, BP Amoco acquired Arco (Atlantic Richfield Co.) and Burmah Castrol plc. In 2001 the company formally renamed itself as BP plc and adopted the tagline “Beyond Petroleum,” which remains in use today (see Wikipedia)

It’s owned 40% by the USA. Brits and Americans own shares in the company- mostly pension funds- both nations enjoying the dreadful dividends that are subject to immense pressure currently due to the approaching July deadline. On the stock market, BP has already lost about 40% of its value, along with some pensions I guess. Any bad news will translate into more loss.

Let’s move on and try to figure out why President Obama’s reactions are all over the place.
First of all he is worried about the coming November primaries. Accordingly, depending on the published articles and peoples’ reactions over the lack of government timely response to the disaster, his voice and tone will change to become ‘outraged’ if necessary. As a side note, I can only guess that Exxon’s executives are finally dancing the happy dance around the table, now that they lost the spot as the most hated people in the USA. Another side note: George W. Bush is vindicated (Disclaimer: I have never been a fan of the ex president of the USA)

Back to President Obama, it’s worth to mention that according to Reuters, he is on BP’s payroll, hence his reaction to the situation.
“During his time in the Senate and while running for president, Obama received a total of $77,051 from the oil giant and is the top recipient of BP PAC and individual money over the past 20 years, according to financial disclosure records.” (May 5, 2010).

However, critics in Washington said that the President Obama has gone too far by passing the entire blame to BP and that his rhetoric will hurt the diplomatic relationship with the UK and the US economy. So far his approval rate has dropped to 44%, the lowest point of his presidency.

What about BP’s executives? Well, the heavily battered CEO Tony Hayward is heading back to the UK, to be replaced by a figure that is considered by many out of his league regarding this situation. I am talking about BP Chairman Carl-Henric Svanberg, ex. executive for Ericsson.

He might be out of his league, but he was smart enough to counteract the American position by saying that attacking BP is like attacking itself, considering that BP is the biggest oil and gas explorer in the continental United States. Ouch!

Is BP the only responsible for the disaster? Of course not. Somehow the other bad guys managed to fly under the radar. It’s time to bring them out.
Drum roll please! We present you…. Halliburton and Transocean. Transocean is the owner of the drilling rig that BP leased and Halliburton was the one pumping the cement slurry into the drill hole prior to the Deepwater Horizon’s explosion.

The bad news for Halliburton is that a number of experts think the accident probably originated in the pipe that the cement was being pumped into. The good news for the company is that investigators may find it difficult to tell whether the cement did its job or not.

What about the Feds? Namely the inspectors from Mineral Management Service. Where were they? They are supposed to fly from one rig to another and check if documentation and procedures are in place and followed and that the deep water drilling is safe.

It looks like the circle is complete and it involves a few parties, not only BP. The kids were caught with their fingers in the cookie jar. Who is going to be punished?

“re: culley - he sent me a private email over the weekend to discuss some of the things i wrote last Friday. I thought his points were reasonable, so i asked him if he’d like to re-work what he said so i could post it in my next mailbag column. he agreed and was happy to do so. i respect culley for debating the merits of ANX with me. clearly, we see things differently, but i respect what he has to say and i will repost his thoughts friday. why this leads you to question my credibility escapes me”

Well, let’s see why should one question Adam’s credibility?
For once because he is vitriolic and a real pit bull who will do anything in his power to help his buddies make money.
If that means to bend the truth, be it like that.

Now that the price of the stock drifted lower to levels acceptable to some players, yes, it’s time to come up with the real story, recant what he said a week ago, let the price go up and book profit.
Easy breezy.

As I mentioned before, we are talking about a company with only two employees, who happen to be managers as well. From the verge of bankruptcy, Mr. Culley thought and found a way out. To be punished for that it’s mean and similar to kicking somebody while down. This is the reason Mr. Feuerstein lost credibility.

Adventrx has been hyped by the stock market itself. They presented facts about their two drugs and people drew their own conclusions.
The fact that it’s been the top traded company on AMEX it’s only because of the super low share price and the huge potential it may have.
People dream about another DNDN, but I don’t think it’s going to happen exactly because the logistics are completely different.
I don’t believe Adventrx will reach $10 pps (although I would be very happy to be proven wrong), but $1-2 is a realistic target short term.

In a stock market driven by lies and manipulation, once in a while you may find a decent company and to see the character assassination done by a journalist who should be at least objective if nothing else, it makes your blood boil.

Good Luck Adventrx!

Stocks dropped Wednesday, January 20, 2010, after China said it would curb bank lending to slow its economy.
On Thursday the country reported 10.7 percent economic expansion in the fourth quarter and 8.7 percent for all of last year. The numbers reinforced concerns that China will take more steps to tighten monetary policy and rein in its economy, which could hamper a global economic rebound.

If China puts brakes on its economy, the need for commodities will decrease and then we open the Pandora’s box again.

The second unpleasant event happened today, when President Obama Obama said he would seek to limit the size and complexity of large financial companies so that a bank’s collapse wouldn’t endanger the overall financial system.
Consequently, The Chicago Board Options Exchange’s Volatility Index jumped 17 percent. A rise in the VIX, which is known as the market’s fear index, signals that investors expect bigger swings in stocks.

Commodities - USD
Contract Last Change % Change
Crude Oil 77.00 -0.74 -0.95%
Natural Gas 5.56 +0.09 +1.61%
Coal 53.07 -0.93 -1.72%
Gold 1,103.20 -9.40 -0.84%
Silver 17.51 -0.37 -2.07%
Copper 3.30 -0.06 -1.79%

Data from: 2:27 PM ET, January 21, 2010
Note: Hard to understand why the Natural Gas is up, unless it’s pure market manipulation. There is no reason to be up.

The whole ‘economic recovery’ was a big fat lie, most people knew that. Some financial analysts predicted the double dip recession, with the second dip happening in the very near future.
The U.S. reported an increase in unemployment claims, and this is particularly hard because it means that new recipients showed up, while old recipients ran out of time and exhausted the much needed help, and probably right now are out of jobs and out of unemployment benefits.

In a nutshell: we are in big trouble. If the financial stimulus is going to be withdrawn, the bank regulations tightening will only make the matters worse.
With no financial help, there is no way to get out of this deep shit.

Maybe instead of giving again billion of dollars in bonus to bankers, the same bankers that caused the economic collapse and the same guys who benefited the most from being bailed out by the government, maybe the money should be given to the people suffering the most because of what happened due to the bankers’ greed.