Thursday, October 30, 2008

Bottom of the News… Friday, October 24, 2008

Good morning my fellow Rotarians, well today I thought I would share some news about beer and the credit crisis. Our first story comes from…

Rubber Sidewalks

Ames, IA: There are no loading docks for the bars in the Campustown section of Ames so the beer distributors drop off kegs of beer next to the fire station. But there were so many kegs hitting the sidewalk that they would crack and quickly start falling apart. To address the issue, the city has installed a rubber sidewalk. According to the campus newspaper, the other handy benefit of this rubber sidewalk is that is has reduced injuries to the falling-down drunks as well.

The Credit Crunch… Okay, top of Mind Topic!

The Bank returned a check to me yesterday marked "Insufficient Funds". And I had to ask, is it them or me?Overheard in a bar; "This Credit Crunch is worse than a divorce. I've lost half my net worth and I still have a wife!"

Q: What's the difference between an Investment Banker and a pigeon? The pigeon is still capable of leaving a deposit on a Ferrari.

The Credit Crunch has helped Dick Fuld get back on his feet. His car was repossessed!

Investment Tips

If you had purchased $1,000 of shares in Delta Airlines stock one year ago, today you would have $49. If you had purchased $1,000 of shares in AIG stock one year ago, today you would have $33.

If you had purchased $1,000 of shares in Lehman Brothers stock one year ago, today you would have zero dollars!

But, consider this investment… If you had purchased $1,000 worth of beer one year ago, drank all the beer and then turned in the aluminum cans for recycling today you would have $214. Based on this approach, the best current investment plan is to drink heavily & recycle. It is called the 401-Keg.

And there you have it the Bottom of the News for this Friday, October 24th, 2008! ###

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