The film chronicles Philippe Petit’s 1974 high-wire walk between the Twin Towers of New York’s World Trade Center. It is based on Philippe Petit’s book, To Reach the Clouds, recently released in paperback with the new title Man on Wire. The title of the movie is taken from the police report that led to the arrest (and later release) of Petit, whose performance had lasted for almost one hour. The film is crafted like a heist film, presenting rare footage of the preparations for the event and still photographs of the walk, alongside reenactments (with Paul McGill as the young Petit) and present-day interviews with the participants.

Empire of Illusion: The End of Literacy and the Triumph of Spectacle

10 Examples When Stupid Business Ideas Worked Online

Johnny Cash At Folsom Prison

Your Guide To Underground Economy

Peter Schiff Talks About The Coming Economic Collapse In US (2006 Video In 8 Parts)

Link of the day - I will pay you $25, if you come up with a cool domain name for me.

Bookmark It

Hide Sites

David McWilliams (www.davidmcwilliams.ie) visited Google-Dublin and give a talk about his new book, “Follow the Money“.

David is a high profile economist, media columnist and former banker. He has authored two bestselling books “The Pope’s Children” and “The Generation Game“.

Other cool documentaries:

Body Shock

Virgin School

The End of Suburbia

How Much Protein to Gain Muscle

Get the latest news from world of twitter

Link of the day - I will pay you $25, if you come up with a cool domain name for me.

Bookmark It

Hide Sites

TODAY is the 20th anniversary of the fall of the Berlin Wall. During this time of reflection, it is common to emphasize the miraculous nature of the events that began that day: a dream seemed to come true, the Communist regimes collapsed like a house of cards, and the world suddenly changed in ways that had been inconceivable only a few months earlier. Who in Poland could ever have imagined free elections with Lech Walesa as president?

However, when the sublime mist of the velvet revolutions was dispelled by the new democratic-capitalist reality, people reacted with an unavoidable disappointment that manifested itself, in turn, as nostalgia for the “good old” Communist times; as rightist, nationalist populism; and as renewed, belated anti-Communist paranoia.

The first two reactions are easy to comprehend. The same rightists who decades ago were shouting, “Better dead than red!” are now often heard mumbling, “Better red than eating hamburgers.” But the Communist nostalgia should not be taken too seriously: far from expressing an actual wish to return to the gray Socialist reality, it is more a form of mourning, of gently getting rid of the past. As for the rise of the rightist populism, it is not an Eastern European specialty, but a common feature of all countries caught in the vortex of globalization.

Much more interesting is the recent resurgence of anti-Communism from Hungary to Slovenia. During the autumn of 2006, large protests against the ruling Socialist Party paralyzed Hungary for weeks. Protesters linked the country’s economic crisis to its rule by successors of the Communist party. They denied the very legitimacy of the government, although it came to power through democratic elections. When the police went in to restore civil order, comparisons were drawn with the Soviet Army crushing the 1956 anti-Communist rebellion.

This new anti-Communist scare even goes after symbols. In June 2008, Lithuania passed a law prohibiting the public display of Communist images like the hammer and sickle, as well as the playing of the Soviet anthem. In April 2009, the Polish government proposed expanding a ban on totalitarian propaganda to include Communist books, clothing and other items: one could even be arrested for wearing a Che Guevara T-shirt.

No wonder that, in Slovenia, the main reproach of the populist right to the left is that it is the “force of continuity” with the old Communist regime. In such a suffocating atmosphere, new problems and challenges are reduced to the repetition of old struggles, up to the absurd claim (which sometimes arises in Poland and in Slovenia) that the advocacy of gay rights and legal abortion is part of a dark Communist plot to demoralize the nation.

Where does this resurrection of anti-Communism draw its strength from? Why were the old ghosts resuscitated in nations where many young people don’t even remember the Communist times? The new anti-Communism provides a simple answer to the question: “If capitalism is really so much better than Socialism, why are our lives still miserable?”

It is because, many believe, we are not really in capitalism: we do not yet have true democracy but only its deceiving mask, the same dark forces still pull the threads of power, a narrow sect of former Communists disguised as new owners and managers — nothing’s really changed, so we need another purge, the revolution has to be repeated …

What these belated anti-Communists fail to realize is that the image they provide of their society comes uncannily close to the most abused traditional leftist image of capitalism: a society in which formal democracy merely conceals the reign of a wealthy minority. In other words, the newly born anti-Communists don’t get that what they are denouncing as perverted pseudo-capitalism simply is capitalism.

One can also argue that, when the Communist regimes collapsed, the disillusioned former Communists were effectively better suited to run the new capitalist economy than the populist dissidents. While the heroes of the anti-Communist protests continued to dwell in their dreams of a new society of justice, honesty and solidarity, the former Communists were able to ruthlessly accommodate themselves to the new capitalist rules and the new cruel world of market efficiency, inclusive of all the new and old dirty tricks and corruption.

A further twist is added by those countries in which Communists allowed the explosion of capitalism, while retaining political power: they seem to be more capitalist than the Western liberal capitalists themselves. In a crazy double reversal, capitalism won over Communism, but the price paid for this victory is that Communists are now beating capitalism in its own terrain.

This is why today’s China is so unsettling: capitalism has always seemed inextricably linked to democracy, and faced with the explosion of capitalism in the People’s Republic, many analysts still assume that political democracy will inevitably assert itself.

But what if this strain of authoritarian capitalism proves itself to be more efficient, more profitable, than our liberal capitalism? What if democracy is no longer the necessary and natural accompaniment of economic development, but its impediment?

If this is the case, then perhaps the disappointment at capitalism in the post-Communist countries should not be dismissed as a simple sign of the “immature” expectations of the people who didn’t possess a realistic image of capitalism.

When people protested Communist regimes in Eastern Europe, the large majority of them did not ask for capitalism. They wanted the freedom to live their lives outside state control, to come together and talk as they pleased; they wanted a life of simplicity and sincerity, liberated from the primitive ideological indoctrination and the prevailing cynical hypocrisy.

As many commentators observed, the ideals that led the protesters were to a large extent taken from the ruling Socialist ideology itself — people aspired to something that can most appropriately be designated as “Socialism with a human face.” Perhaps this attitude deserves a second chance.

This brings to mind the life and death of Victor Kravchenko, the Soviet engineer who, in 1944, defected during a trade mission to Washington and then wrote a best-selling memoir, “I Chose Freedom.” His first-person report on the horrors of Stalinism included a detailed account of the mass hunger in early-1930s Ukraine, where Kravchenko — then still a true believer in the system — helped enforce collectivization.

What most people know about Kravchenko ends in 1949. That year, he sued Les Lettres Françaises for libel after the French Communist weekly claimed that he was a drunk and a wife-beater and his memoir was the propaganda work of American spies. In the Paris courtroom, Soviet generals and Russian peasants took the witness stand to debate the truth of Kravchenko’s writings, and the trial grew from a personal suit to a spectacular indictment of the whole Stalinist system.

But immediately after his victory in the case, when Kravchenko was still being hailed all around the world as a cold war hero, he had the courage to speak out passionately against Joseph McCarthy’s witch hunts. “I believe profoundly,” he wrote, “that in the struggle against Communists and their organizations … we cannot and should not resort to the methods and forms employed by the Communists.” His warning to Americans: to fight Stalinism in such a way was to court the danger of starting to resemble their opponent.

Kravchenko also became more and more obsessed with the inequalities of the Western world, and wrote a sequel to “I Chose Freedom” that was titled, significantly, “I Chose Justice.” He devoted himself to finding less exploitative forms of collectivization and wound up in Bolivia, where he squandered all his money trying to organize poor farmers. Crushed by this failure, he withdrew into private life and shot himself in 1966 at his home in New York.

How did we come to this? Deceived by 20th-century Communism and disillusioned with 21st-century capitalism, we can only hope for new Kravchenkos — and that they come to happier ends. On the search for justice, they will have to start from scratch. They will have to invent their own ideologies. They will be denounced as dangerous utopians, but they alone will have awakened from the utopian dream that holds the rest of us under its sway.

Slavoj Zizek, the international director of the Birkbeck Institute for the Humanities in London, is the author, most recently, of “First as Tragedy, Then as Farce.”

Linkorama:

Save The Time Review

Living Cookbook Review

Share Solitaire Review

Wild West Wendy Review

StickyNote Review

Bookmark It

Hide Sites

1. PickyDomains.com

Get paid for coming up with cool domain names? This is exactly what this online business is about. With all good and obvious domain names long registered, the demand is high for quirky and easy to remember names that will stand out. Full story

2. Thinkofthe.com

Somebody steals your sandwich from the office fridge. This keeps happening again and again. Could this be a start of a great business idea? You bet! Full story

3. Utilikilts.com

Sell skirts to MEN? This has got to be the dumbest business idea ever. Well, this guy sold ONE HUNDRED THOUSAND man-skirts (kilts, really) and I am sure this is a story you’ll want to read. Fullstory

4. Cakerental.com

Why would you want to rent a fake wedding cake? Isn’t is a special occasion? Well, with prices for wedding cakes sky-high this crazy little niche business is booming and something tells me that recession is only going to add new clients. Full story

5. Afterlifetelegrams.com

As the name suggests, this service is for contacting the dead. Terminally ill patients memorize messages and deliver them when opportunity permits.  And no, I am not making this up. Full story

6. Iwearyourshirt.com

Jason Sadler has been selling the upper part of his wardrobe ever day of 2009 to companies that want him to wear a t-shirt with the logo on it. His pricing structure is very interesting though. He’s sold January 1st for $1 and is selling December 31st for $365. Every day in between goes for the price of it’s day of the year. I wasn’t to excited about that until I calculated (using Gauss’s method) how much money he’d be earning for the year: $66,795! Full story

7. Wallstreetprisonconsultants.com

Believe or not, there is a firm that specializes in helping bankers and stock analysts do time: Welcome to Wall Street Prison Consultants. My name is Larry Levine, and I’d like to take this opportunity to introduce  Fedtime 101, a revolutionary new program tailored specifically for white collar offenders  entering the Federal Prison System. Full story
8. RunPee.com

You’re sitting comfortably in your plush chair at the multiplex, when suddenly you feel a twinge in the back of your neck. A quick glance down at your 136-ounce cola and you instantly realize that nature is calling, and it’s urgent. You don’t have time to wait this time, but next time you can plan ahead for your restroom breaks with RunPee.com. Full story9. Cuddleparty.com

Runs events at which adults “explore communication, boundaries, and affection” by donning pajamas and getting physical. Ix-nay on the naughty stuff. Cuddleparty got so big and successful, they even got their own Wikipedia page. Full story

10. SoftwareJudge.com

Trash some crappy software AND get paid for that? If you are a software lover then here is a golden opportunity for you make a few bucks every months for reviewing software at softwarejudge.com. They pay you anywhere between $1 - $50 for each software reviewed. You are not supposed to advertise any software by making a positive review. You can review the software the way you like it. You will be paid whether you make a positive or a negative review. Souns good to you? Full story

Want more examples of crazy business ideas? Here is a list of books you are sure to enjoy. And don’t forget to submit this story to your favorite social network.

The Million-Dollar Idea in Everyone: Easy New Ways to Make Money from Your Interests, Insights, and Inventions

IdeaSpotting: How to Find Your Next Great Idea

How to Make Millions with Your Ideas: An Entrepreneur’s Guide by Dan S. Kennedy

101 Businesses You Can Start With Less Than One Thousand Dollars: For Stay-at-Home Moms & Dads

Make Your Ideas Mean Business

Bookmark It

Hide Sites

http://www.cakerental.com/

What: Whimsical fake wedding cakes
Who: Kimberly Aya of Fun Cakes rental LLC
Where: Grandville, Mich.
When: Started in 2007
Startup costs: Less than $1,000

Kimberly Aya’s career choice was an easy one. When she was just 8 years old, she started designing cakes for her chocolate-loving father–and she hasn’t stopped since. So, after getting married and moving to Turkey for 15 years, her first order of business upon returning home to Michigan was to open a specialty cake shop in the U.S.

Aya started showing off her cake-designing talents at bridal shows, where she was soon struck with an idea. Although most show participants use fake cakes only for display, Aya realized that a large percentage of brides actually prefer the look of fake cakes. A few months later, she turned her bright idea into a business when she founded Fun Cakes Rental. “I don’t care if I do a fake cake or a real cake,” says Aya, 52, “as long as I get to decorate, because that’s what I love.”

Aya gets that “just like the real thing” look for her fake cakes by using gum paste and fondant for the frosting and decorations. Each cake, which is mostly made of foam, also includes one edible section for the bride and groom to share before it’s switched out for pieces of regular sheet cake. “I use the exact same products you’d use on a real cake,” says Aya. “[They] look homemade and real, and that’s important to me.”

With business booming, Aya now decorates and ships cakes to brides all over the world and even designs cakes for wedding scenes in movies. This past August, she signed a deal with Macy’s to make visual prototypes for its department stores. With 2009 sales projections of $120,000, Aya is busy with plans to franchise the business throughout the U.S. by year end. “I’m one person who gets to come to work every single day and absolutely love their job,” Aya says. “I’m very fortunate.”

Like weird business stories? Here is my story how I started making money coming up with unusual domain names.

[Via - Uncommon Business Blog]

Brides, Inc.: American Weddings and the Business of Tradition

How to Open & Operate a Financially Successful Wedding Consultant & Planning Business

Wedding Vendor Handbook: Get to the Top and Stay There

The Portable Wedding Consultant : Invaluable Advice from the Industry’s Experts for Saving Your Time, Money and Sanity

Bookmark It

Hide Sites

Boy Interrupted is a film that raises questions. It asks how a young boy can end his life at the tender age of 15. It struggles to find answers about what kind of family he had and the life he led. By its very nature, it is a naked display of its filmmaker’s personal life at its most revealing and perhaps disturbing. How can a mother, we may ask, make a film about the death of her son? What defines this film as a remarkably unique and truth-telling achievement is the way it explores how filmmaking can create closure for its creators as well as its audience. Dana Perry has gathered home movies, photographs, and a variety of different documents to tell the story of her son, Evan: his bipolar illness, his life, and his death, and their impact on those who loved him the most. She interviews his siblings and friends, his doctors and his teachers, and in the process, she chronicles a harrowing and difficult journey. The camera provides insight and revelation, and yet Boy Interrupted is a film that is also full of despair. The film’s saving grace is that it functions, in the final analysis, as therapy for both its viewers and its subjects at a most fundamental level. It is an essentially human story, and a parent’s worst nightmare.

How many thousand dollars would you save on dieting if know about Eat Stop Eat before?

Making Sense of Suicide: An In-Depth Look At Why People Kill Themselves

Leaving You: The Cultural Meaning of Suicide

The Suicide Index: Putting My Father’s Death in Order

Bookmark It

Hide Sites

1. http://cuddleparty.com/

Runs events at which adults “explore communication, boundaries, and affection” by donning pajamas and getting physical. Ix-nay on the naughty stuff.

2. HappyBalls.com

A million-dollar company that makes a single product: foam balls for car aerials.

3. Barefootlist.com

Members create and track lists of things they want to achieve before they die.

4. http://pickydomains.com/

Get paid for picking domain names for other people

5. http://www.roadsideamerica.com/story/15326

Drive-through strip joint.

6. http://www.afterlifetelegrams.com/

Service for contacting the dead. Terminally ill patients memorize messages and deliver them when opportunity permits.

7. http://www.enthem.com/

Writes full-length corporate theme songs. The ultimate in hold music!

8. http://www.fetalgreetings.com/

Creates pregnancy announcements that purportedly come from the womb.

9. http://gaming-lessons.com/

Video-game-coaching services. Offers “world-class instruction” in Halo 2.

10. http://www.heartattackgrill.com/

Menu features a quadruple bypass burger, flatliner fries (”deep fried in PURE LARD!”), and Jolt cola. Also available: unfiltered cigarettes.

[Via - Uncommon Business Blog]

Feel inspired to start your own weird business? These books might help

101 Businesses You Can Start With Less Than One Thousand Dollars: For Stay-at-Home Moms & Dads

Weekend Entrepreneur: 101 Great Ways to Earn Extra Cash

The Perfect Business

eBay 101: Selling on eBay For Part-time or Full-time Income, Beginner to PowerSeller in 90 Days

Bookmark It

Hide Sites

In this revealing study of a Southside Chicago neighborhood, sociologist Venkatesh opens a window on how the poor live. Focusing on domestics, entrepreneurs, hustlers, preachers and gangs linked in an underground economy that “manages to touch all households,” the book reveals how residents struggle between “their desires to live a just life and their needs to make ends meet as best they can.” In this milieu, African-American mechanics, painters, hairdressers, musicians and informal security guards are linked to prostitutes, drug dealers, gun dealers and car thieves in illegal enterprises that even police and politicians are involved in, though not all are criminals in the usual sense. Storefront clergy, often dependent “on the underground for their own livelihood,” serve as mediators and brokers between individuals and gang members, who have “insinuated themselves—and their drug money—into the deepest reaches of the community.” Although the book’s academic tenor is occasionally wearying, Venkatesh keeps his work vital and poignant by using the words of his subjects, who are as dependent on this intricate web as they are fearful of its dangers.

2. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

Economics is not widely considered to be one of the sexier sciences. The annual Nobel Prize winner in that field never receives as much publicity as his or her compatriots in peace, literature, or physics. But if such slights are based on the notion that economics is dull, or that economists are concerned only with finance itself, Steven D. Levitt will change some minds. In Freakonomics (written with Stephen J. Dubner), Levitt argues that many apparent mysteries of everyday life don’t need to be so mysterious: they could be illuminated and made even more fascinating by asking the right questions and drawing connections. For example, Levitt traces the drop in violent crime rates to a drop in violent criminals and, digging further, to the Roe v. Wade decision that preempted the existence of some people who would be born to poverty and hardship. Elsewhere, by analyzing data gathered from inner-city Chicago drug-dealing gangs, Levitt outlines a corporate structure much like McDonald’s, where the top bosses make great money while scores of underlings make something below minimum wage. And in a section that may alarm or relieve worried parents, Levitt argues that parenting methods don’t really matter much and that a backyard swimming pool is much more dangerous than a gun. These enlightening chapters are separated by effusive passages from Dubner’s 2003 profile of Levitt in The New York Times Magazine, which led to the book being written. In a book filled with bold logic, such back-patting veers Freakonomics, however briefly, away from what Levitt actually has to say. Although maybe there’s a good economic reason for that too, and we’re just not getting it yet.

3. Ragnar’s Guide to the Underground Economy

Through detailed case studies Ragnar shows you how carpenters, woodcutters, farmers, housecleaners, computer consultants, mechanics, lawyers, vendors, locksmiths and others are cashing in on today’s booming economy - and keeping what they earn by not paying taxes. From these undergrounders you’ll learn how to locate work, get paid without supplying identifying numbers, prepare a realistic budget, advertise your services or product and finance your project when you can’t go to the bank. You’ll also learn the pitfalls of working off the books and what you can do to prepare for them.

4. How to Survive Without a Salary: Learning How to Live the Conserver Lifestyle

I thought that this book was so funny in places that I haven’t laughed so hard, so much, for a long time. Charles is a skilled writer; the book is very readable, intelligent, thoughtful,and well organized. It contains a copious (even prodigious) amount of tips, for a 200-page book. Very practical, and at the same time touches on abtruse philosophical areas, especially at the end of the book.

Hey, I used to think I was cheap. This guy is CHEAP. His anecdotes include waiting for it to rain to take a shower instead of installing indoor plumbing. He had a big hole in the floor of his entryway, or somewhere in his house, into which the kids and a few guests fell. He refused to spend one cent covering the hole, until a neighbor told him about a steel grate they threw away years ago, so he went to the dump and found it.

The point is that you can learn from a top-notch “conserver”; an applied example I would give is to buy two gallons of milk when it’s on sale and freeze one for later use (works well!). This guy probably drinks powdered milk though.

I disagree with his economic analysis; prudence CAN be a vice, as any virtue most certainly is in its extreme, or even overdone. But Adam Smith’s Wealth of Nations is not just about “McPimple Burger” or keeping up with the Joneses. Any system on a mass scale is going to have gaping faults, and the weaker of us might succumb to our basest impulses. But perhaps Long goes a bit too far the other way…

At any rate, he sounds like an economic anarchist. Very well thought out book, great advice.

5. Gang Leader for a Day: A Rogue Sociologist Takes to the Streets

In Freakonomics, many people were fascinated by a section that described how most crack cocaine dealers lived at home with their mothers. Why? They make less money than minimum wage. The source of that factoid was research conducted on site by Sudhir Venkatesh, author of Gang Leader for a Day, who describes in this book how he did that research and came to make decisions one day for part of the Black Kings gang in Chicago.

In the process of reading this book, you’ll learn more than you ever expected to know about the ways that the poorest people support and protect themselves. You’ll also find how drug-dealing gangs are both a help and a hindrance to the poor.

More powerfully, you’ll be exposed to the great difficulties involved in observing the lives of the poor and the gangs that spring from them. The moral and ethical dilemmas this book presents are almost beyond belief.

6. Under the Table and Into Your Pocket: The How and Why of the Underground Economy

Under The Table And Into Your Pocket: The How And Why Of The Underground Economy by Bill Wilson will provide the non-specialist general reader with a complete education on a facet of the American economy rarely (if ever) covered in school. Beginning with an introduction to just some of the ways governmental regulations strangle business, overtax the little guy, and enable Washington to be the drunken big spender that it is today (if you overpay your taxes by $7,000 and don’t reclaim it within three years you’re out of luck - but underpay it by $7,000 and the IRS can and will come after you no matter how much time has passed!), Under The Table proceeds to demonstrate how the little guy can circumvent taxes by doing business away from Big Brother’s prying eyes. From boarding houses and flea markets to roadside merchants and dominatrix work, Under The Table covers the benefits, disadvantages, tips, tricks, techniques and much more of common underground ways to earn a living. Under The Table is emphatically not a legal guide; neither the author nor the publisher assume any responsibility for the use or misuse of information contained within - but the eye-opening ins and outs of a truly free economy make for quite fascinating and advantageous reading.

7. Deep Inside the Underground Economy: How Millions of Americans are Practising Free Enterprise in an Unfree Economy

Are you fed up with giving so much of your hard earned cash to the government, then watching it get spent on ridiculous pork-barrel special-interest projects? Would you like to hold on to more of your money for your own special-interest boondoggles? The underground economy continues to grow in spite of ever-widening atttempts by the government to regulate and tax everything we do. Millions of Americans are practising fee enterprise in today’s increasingly unfree tax society. This is the most comprehensive how-to book ever written for those entrepreneurial individuals who have decided to end their slavery to a wage and to government taxation as well. Discover how you can keep more of what you earn for yourself. Here you will find complete and up-to-date information on the ins and outs of guerrilla capitalism and the underground economy in this country.

8. Empire of Scrounge: Inside the Urban Underground of Dumpster Diving, Trash Picking, and Street Scavenging.

In December of 2001 Jeff Ferrell quit his job as tenured professor, moved back to his hometown of Fort Worth, Texas, and, with a place to live but no real income, began an eight-month odyssey of essentially living off of the street. Empire of Scrounge tells the story of this unusual journey into the often illicit worlds of scrounging, recycling, and second-hand living. Existing as a dumpster diver and trash picker, Ferrell adopted a way of life that was both field research and free-form survival. Riding around on his scrounged BMX bicycle, Ferrell investigated the million-dollar mansions, working-class neighborhoods, middle class suburbs, industrial and commercial strips, and the large downtown area, where he found countless discarded treasures, from unopened presents and new clothes to scrap metal and even food.

9. McMafia: A Journey Through the Global Criminal Underworld

In McMafia, Misha Glenny draws the dark map that lies on the other side of Tom Friedman’s bright flat world. That connected globe not only brings software coders and supply-chain outsourcers closer together; it’s also opened the gates to a criminal network of unsettling vastness, complexity, and efficiency that represents a fifth of the earth’s economy, trading in everything from untaxed cigarettes and the usual narcotics to human lives and nuclear material. Glenny’s a Balkans expert, and he begins his story there, with the illicit–but often state-sponsored–underworld that grew out of the post-Soviet chaos, but he soon follows the contraband everywhere from Mumbai and Johannesburg to rural Colombia and the U.S. suburbs. It’s not just a hodgepodge of scare clips, though: Glenny reports from the ground but follows the leads as high as they go, showing how the dark and bright sides of the flat world are more connected than we imagine.

10. Living Well on Practically Nothing

Living Well on Practically Nothing: Revised and Updated Edition is for people who need to live on a lot less money. If you have been fired, demoted, retired, divorced, widowed, bankrupted or swindled - or you just want to quit your job and remain financially self-reliant - this book is for you. In it are hundreds of tips, secrets and necessary skills for living well on little money. Chapters include: Save Up to $37,000 a Year and Live on $12,000 a Year; Low-Cost Computers for Fun, Profit, and Education; Some Ways to Live on No Money at All; A Day of Cheap Living; A New Career or Business for You; Fix Things and Make Them Last; and Protect Your Investments and Make Them Grow. From cover to cover, this book is stocked with proven methods for saving money on shelter, food, clothing, transportation, entertainment, health care and more. The author left the “system” in 1969 and has worked for himself ever since. Let him show you how you, too, can live happily, comfortably and with complete financial freedom.

P.S. If you’d like to know how I make my money (it’s not really “shadow” or illegal at all, but it give me freedom to do anything I want to, while providing steady stream of income), feel free to check out my websites - PickyDomains.com, NicheGeek.Com, StandupKings.com, SoftwareJudge.Com, Best Free Documentaries.

Bookmark It

Hide Sites

Due to the lifting of the foreclosure moratorium at the end of March, the downward slide in housing is gaining speed. The moratorium was initiated in January to give Obama’s anti-foreclosure program—which is a combination of mortgage modifications and refinancing—a chance to succeed. The goal of the plan was to keep up to 9 million struggling homeowners in their homes, but it’s clear now that the program will fall well-short of its objective.
In March, housing prices accelerated on the downside indicating bigger adjustments dead-ahead. Trend-lines are steeper now than ever before–nearly perpendicular. Housing prices are not falling, they’re crashing and crashing hard. Now that the foreclosure moratorium has ended, Notices of Default (NOD) have spiked to an all-time high. These Notices will turn into foreclosures in 4 to 5 months time creating another cascade of foreclosures. Market analysts predict there will be 5 MILLION MORE FORECLOSURES BETWEEN NOW AND 2011. It’s a disaster bigger than Katrina. Soaring unemployment and rising foreclosures ensure that hundreds of banks and financial institutions will be forced into bankruptcy. 40 percent of delinquent homeowners have already vacated their homes. There’s nothing Obama can do to make them stay. Worse still, only 30 percent of foreclosures have been relisted for sale suggesting more hanky-panky at the banks. Where have the houses gone? Have they simply vanished?
600,000 “DISAPPEARED HOMES?”
Here’s a excerpt from the SF Gate explaining the mystery:
“Lenders nationwide are sitting on hundreds of thousands of foreclosed homes that they have not resold or listed for sale, according to numerous data sources. And foreclosures, which banks unload at fire-sale prices, are a major factor driving home values down.
“We believe there are in the neighborhood of 600,000 properties nationwide that banks have repossessed but not put on the market,” said Rick Sharga, vice president of RealtyTrac, which compiles nationwide statistics on foreclosures. “California probably represents 80,000 of those homes. It could be disastrous if the banks suddenly flooded the market with those distressed properties. You’d have further depreciation and carnage.”
In a recent study, RealtyTrac compared its database of bank-repossessed homes to MLS listings of for-sale homes in four states, including California. It found a significant disparity - only 30 percent of the foreclosures were listed for sale in the Multiple Listing Service. The remainder is known in the industry as “shadow inventory.” (”Banks aren’t Selling Many Foreclosed Homes” SF Gate)
If regulators were deployed to the banks that are keeping foreclosed homes off the market, they would probably find that the banks are actually servicing the mortgages on a monthly basis to conceal the extent of their losses. They’d also find that the banks are trying to keep housing prices artificially high to avoid heftier losses that would put them out of business. One thing is certain, 600,000 “disappeared” homes means that housing prices have a lot farther to fall and that an even larger segment of the banking system is underwater.
Here is more on the story from Mr. Mortgage “California Foreclosures About to Soar…Again”
“Are you ready to see the future? Ten’s of thousands of foreclosures are only 1-5 months away from hitting that will take total foreclosure counts back to all-time highs. This will flood an already beaten-bloody real estate market with even more supply just in time for the Spring/Summer home selling season…Foreclosure start (NOD) and Trustee Sale (NTS) notices are going out at levels not seen since mid 2008. Once an NTS goes out, the property is taken to the courthouse and auctioned within 21-45 days….The bottom line is that there is a massive wave of actual foreclosures that will hit beginning in April that can’t be stopped without a national moratorium.”
JP Morgan Chase, Wells Fargo and Fannie Mae have all stepped up their foreclosure activity in recent weeks. Delinquencies have skyrocketed foreshadowing more price-slashing into the foreseeable future. According to the Wall Street Journal:
“Ronald Temple, co-director of research at Lazard Asset Management, expects home prices to fall 22% to 27% from their January levels. More than 2.1 million homes will be lost this year because borrowers can’t meet their loan payments, up from about 1.7 million in 2008.” (Ruth Simon, “The housing crisis is about to take center stage once again” Wall Street Journal)
Another 20 percent carved off the aggregate value of US housing means another $4 trillion loss to homeowners. That means smaller retirement savings, less discretionary spending, and lower living standards. The next leg down in housing will be excruciating; every sector will feel the pain. Obama’s $75 billion mortgage rescue plan is a mere pittance; it won’t reduce the principle on mortgages and it won’t stop the bleeding. Policymakers have decided they’ve done enough and are refusing to help. They don’t see the tsunami looming in front of them plain as day. The housing market is going under and it’s going to drag a good part of the broader economy along with it. Stocks, too.

[Via - Mike Whitney]

Screwed: The Undeclared War against the Middle Class and What We Can Do About It

Not Keeping Up With Our Parents: The Decline of the Professional Middle Class

Bookmark It

Hide Sites

1. Million Dollar Homepage

1000000 pixels, charge a dollar per pixel – that’s perhaps the dumbest idea for online business anyone could have possible come up with. Still, Alex Tew, a 21-year-old who came up with the idea, is now a millionaire.

2. PickyDomains

Hire another person to think of a cool domain name for you? No way people would pay for this. Actually, naming domain names for others turned out a thriving business, especially, when you make the entire process risk free. PickyDomains currently has a waiting list of people who want to PAY the service to come up with a snappy memorable domain name. PickyDomains is expected to hit six figures this year. Full Story

3. Doggles

Create goggles for dogs and sell them online? Boy, this IS the dumbest idea for a business. How in the world did they manage to become millionaires and have shops all over the world with that one? Beyond me.

4. LaserMonks

LaserMonks.com is a for-profit subsidiary of the Cistercian Abbey of Our Lady of Spring Bank, an eight-monk monastery in the hills of Monroe County, 90 miles northwest of Madison. Yeah, real monks refilling your cartridges. Hallelujah! Their 2005 sales were $2.5 million! Praise the Lord. Full Story

5. AntennaBalls

You can’t sell antenna ball online. There is no way. And surely it wouldn’t make you rich. But this is exactly what Jason Wall did, and now he is now a millionaire. Full Story

6. FitDeck

Create a deck of cards featuring exercise routines, and sell it online for $18.95. Sounds like a disaster idea to me. But former Navy SEAL and fitness instructor Phil Black reported last year sales of $4.7 million. Surely beats what military pays.

7. PositivesDating.Com

How would you like to go on a date with an HIV positive person? Paul Graves and Brandon Koechlin thought that someone would, so they created a dating site for HIV positive folks last year. Projected 2006 sales are $110,000, and the two hope to have 50,000 members by their two-year mark.

8. Designer Diaper Bags

Christie Rein was tired of carrying diapers around in a freezer bag. The 34-year-old mother of three found herself constantly stuffing diapers for her infant son into freezer bags to keep them from getting scrunched up in her purse. Rein wanted something that was compact, sleek and stylish, so in November 2004, she sat down with her husband, Marcus, who helped her design a custom diaper bag that’s big enough to hold a travel pack of wipes and two to four diapers. With more than $180,000 in sales for 2005, Christie’s company, Diapees & Wipees, has bags in 22 different styles, available online and in 120 boutiques across the globe for $14.99.

9. SantaMail

Ok, how’s that for a brilliant idea. Get a postal address at North Pole, Alaska, pretend you are Santa Claus and charge parents 10 bucks for every letter you send to their kids? Well, Byron Reese sent over 200000 letters since the start of the business in 2001, which makes him a couple million dollars richer. Full Story

10. Lucky Wishbone Co.

Fake wishbones. Now, this stupid idea is just destined to flop. Who in the world needs FAKE PLASTIC wishbones? A lot of people, it turns out. Now producing 30,000 wishbones daily (they retail for 3 bucks a pop) Ken Ahroni, the company founder, expects 2006 sales to reach $1 million.

To see other businesses that have not made the top 10 list but came pretty close, visit Uncommon Business Ideas Blog

More On This Subject

10+ Unusual Ways To Make Easy Money On The Internet If You Love Writing

Startups That Work: Surprising Research on What Makes or Breaks a New Company

Start Your Own Business for $1,000 or Less

Bookmark It

Hide Sites