Mr Wave Theory

Liz Claman Interviews Warren Buffett on Fox Business

2007-10-19T23:55:00.000-07:00

Liz Claman has moved to Fox Business Channel and her first interview is in Omaha Nebraska with Warren Buffett. The video of the interview is online at FoxBusiness. The interview is in a hotel in Omaha and Warren Buffett talks about Petrochina, Bear Stearns, Countrywide among others.

On the Economy - Warren Buffet says there is a slowdown in retail and also really substantially in housing. Nothing suprising here. The economy could be headed for a recession. Watch Video.

On Succession - Buffett has four managers picked out to be Chief Investment Officer who would be able to take over. These managers are working for someone else right now, but would join immediately if something happened. Warren Buffett Talks about succession in the video.

On Petrochina (NYSE PTR) - He bought his stake when the entire company was worth $30 billion and sold it when it was worth $180 billion. Today, Petrochina is worth $410 billion. Buffett or Liz says it is the second highest valued company in the world after Exxon Mobile (NYSE XOM). They made $3 billion on PetroChina from an investment of $500 million. The maximum sale price was $110. The stock is around $220 now. Buffett admits he sold too soon and he sold too soon. Wow!?! Watch Warren Buffet Video on PetroChina.

On Bear Stearns (NYSE BSC) - "Hotter than Lindsay Lohan on rumors." Warren says he knows people at Bear Stearns and he never talked to them about investing in them and that the New York Times article about a Berkshire Hathaway investment in Bear was totally false. Watch Warren Buffett Video on Bear Stearns.

On Countrywide (NYSE CFC) - Buffett spoke to Angelo Mozillo about Countrywide and never got close to a deal because they would have needed an entire package to redo the company. Bank of America came along and did it. Warren seemed cool about Countrywide and kind of smirked like he dodged a bullet on CFC. Video.

On Best Investment Ever - Berkshire Hathaway $7 3/8. Today around $90,000. Probably Geico. Watch Warren Buffett's Best Investment Ever video.

On Alex Rodriguez - AROD?! Video.

Have fun!

Jamba Juice Coupon - Buy One Get One Free

2007-10-16T07:54:00.000-07:00

I found a Jamba Juice coupon. It's buy one get one free when you purchase at Functional Jamba Juice Smoothie. To download the Jamba Juice Coupon, click on the picture and print it out. Take it to your Jamba Juice and get a Free Smoothie!

Functional smoothies are the new smoothies that Jamba Juice launched last month. The include:

Pomegranate Paradise - Pomegranate Juice
Heart Defender - Pomegranate, Yogurt, strawberries, and blueberries
Cold Buster - OJ + sherbert
Fit n Fruitful - Lemonade, greentea, strawberries
Protein Berry Workout - Soymilk, strawberries, bananas
Acai Superantioxidant - Acai juice, strawberries, blueberries plus some yogurt

The coupon is valid today: October 16, 2007.

Scandal Hits Kim Kardashian

2007-10-15T06:07:00.000-07:00

Is there a part 2 to the Kim Kardashian saga? Apparently yes! Kim has been performing on home video again. After causing a scandal (smaller than the Paris Hilton one) with her sexy tape last year, Kim landed a hit show on E! the Entertainment Network which is about her family and her sexcapades.

Vivid Entertainment, the company behind the release of Kimmy’s raunchy sex tape with Brandy's lil brother Ray-J, has used the series premiere to hit the socialite with yet a new sex scandal.

Vivid has released a press releasing outlining plans to release new footage of the former BFF of Paris Hilton. Everyone is cashing in! Ka-Ching! $$$ Just look at the pussycat dolls photos from her latest photo shoot and magazine spread!

SEC Nails CEO of Countrywide Angelo Mozillo

2007-10-11T16:36:00.000-07:00

A while ago, I pointed out the suspicious timing of stock sales by CEO of Countrywide, Angelo Mozillo. Mozillo sold Countrywide stock literally a week before it announced that it would have a massive big bath on subprime writedowns! You will remember that Angelo was the CEO who sold $10 million of stock in Countrywide at $28 per share 2 weeks before the whole mortgage market started coming apart and CFC got cut in half to $15. He must be the most luckiest person ever to have that kind of timing. Oh... I forgot. He's CEO of Countrywide! If that wasn't insider trading, I don't know what is. This is the same guy who says regulators needed to do more about their industry. Well, Angelo, you got your wish!

Today, the SEC launched an investigation into the timing of the stock sales and I applaud them for finally going after this blatant insider trading. Seriously, what a dolt!? If you are going to do insider trading, at least be smart not to do it 2 weeks before you pre-announce! I have serious doubts about any CEO who isn't smart enough to recognize how obvious that is!

Here's the scoop...

Countrywide's shares have fallen nearly 56 percent since January, and the company may now be facing an investigation from the Securities and Exchange Commission into the timing of stock sales made by Chief Executive Angelo Mozilo.

North Carolina State Treasurer Richard Moore, in a letter to SEC Chairman Christopher Cox, claims that Mozilo "apparently manipulated his trading plans to cash in" as the subprime crisis was heating up.

Moore cited reports that Mozilo was unloading 4.9 million Countrywide shares worth more than $138 million between November 2006 and August 2007.

On Friday, Countrywide announced Mozilo plans to sell more shares under a prearranged trading plan that began Monday and ends Friday.

Angelo ... I recommend Countrywide take out a full page ad in the Journal about your self dealing and insider trading ways.

Starbucks Recall Not the First Time!

2007-10-11T00:42:00.000-07:00

I did some research into Starbuck's recall of those deadly baby sipping cups and it turns out Starbuck's most recent recall is hardly the first time that the omnipresent coffee house has had a run in with Chinese imports. In fact, I did a search on the Consumer Product Safety Commission site for Starbucksand found a deadly coffee maker, the pair of choking bears, and some turtles that can cause kids to choke - when swallowed.

Starbucks Announces Recall of 8-Cup Coffee Brewers Due to Possible Fire Hazard

CPSC, Starbucks Coffee Co. Announce Recall of Children's Tumbler Cups

Starbucks Recalls Children's Plastic Cups Due to Choking and Laceration Hazards

It makes you wonder how these guys sleep at night! I hope Howard Schultz was fortunate enough to be born without a conscience!

Stripper Wins Workman's Compensation

2007-10-11T00:24:00.000-07:00

You know stripping is in when strippers can win workman's compensation! Angela Hobson injured herself while stripping at the Shangri-La West club in Fort Wayne on 20 December 2001. She suffered neck pain and numbness from an injury and got surgery for a herniated disc in her cervical spine (the seven vertebrae at the base of the skull).

That seventh vertebrae was worth $10,000 according to the state Worker's Compensation Board who tipped Ms Hobson $10,000 for her troubles at the Shangri-La! Even stripper's have rights too you know!

John Edwards Affair

2007-10-10T20:21:00.000-07:00

Let the mudslinging begin in Presidential Race 2008! It should come as no surprise that the National Inquirer has become the official authority on mudslinging. The latest salvo: the John Edwards affair! The tabloid is claiming that John Edwards who is a presidential candidate cheated on his wife while she was undergoing chemo - that is chemo for cancer!

Who broke it!? The one and only conservative spokesblonde Ann Coulter announced that the National Enquirer was just reporting that John Edwards had an 18-month affair while on the campaign trail.

Who's the third party? Apparently a campaign staffer who didn't expect the otherwise platonic relationship to turn sultry.

"The affair started about 18 months ago," a friend says the woman confessed to her. "When they met at a bar, sparks flew immediately.

"She never expected it would turn sexual since John is married and is running for President. But it soon did — and she fell for him."

In one bombshell e-mail message provided to The NATIONAL ENQUIRER, the woman confesses to a friend she's "in love with John," but it's "difficult because he is married and has kids."

In another e-mail, she writes: "Last night and this a.m., he actually has amazed me. He is a great man. My heart is loud and my head is silenced."

Every candidate hopes to reach their voters heart and John Edwards clearly has succeeded. If that's not good political campaigning, what is!? As far as I can tell, he's got her vote.

Michele Linehan - A Stripper Commits Murder, One Straight from the Movies

2007-10-10T20:11:00.000-07:00

Michele Linehan was a stripper who married a doctor, became a soccer mom, and then took out a $1 million life insurance policy on her husband and had him erased. Do we live in a real world? Or do we live in a world of fiction!?

Linehan — then known as Mechele Hughes — was one of the top girls at a strip club called the Great Alaska Bush Co. in 1996. A former co-worker said she was so sexy, she didn't have to dance to earn big tips; men would pay just to talk to her.
She may have been hot, but she doesn't look too hot in prison garb!

In the 1994 movie "The Last Seduction," a femme fatale coaxes her lover into killing her husband for money. Prosecutors say a beautiful stripper obsessed with the film followed the script to its murderous end.

Mechele Linehan, 34, is on trial on charges she masterminded the decade-old slaying of her fiance in hopes of collecting $1 million in insurance.

Life and art were so similar, prosecutors say, that they even sought, unsuccessfully, to have the movie shown to the jury.

It's a case of sex, greed and manipulation that has transfixed the Pacific Northwest, from Alaska to Washington state, where Linehan had made a new life for herself as a college graduate, doctor's wife and suburban soccer mom before cold-case investigators came calling.

Prosecutors say that is where the blonde borrowed the plot of "The Last Seduction" and had her fiance, 36-year-old fisherman Kent Leppink, killed.

Chicken Pot Pies ... Oh My!

2007-10-10T06:33:00.000-07:00

Banquet Chicken Pot Pies! Everyone who eaten TV dinners has had them, and oh my! They've been infected with salmonella. These delicious and nutritionless pies have been a staple of TV diners world wide and I am still having a hard time believing they can actually be infected with salmonella. After all, doesn't all that bacteria die when you nuke it in the microwave?!

Omega and Patek Phillipe Rig Watch Auctions

2007-10-08T18:50:00.000-07:00

The Journal has a great story about how luxury watch makers are rigging their own auctions by bidding on their watches at high profile events. Omega paid over $300,000 for one of the very watches that it put up for auction in Geneva, beating genuine bidders. What is even more amazing is that Patek Phillipe, the well known watch maker, has engaged in shill bidding for even longer.

On eBay, if you shill bid, ie bid on your own item, you get banned. At the auction houses in Switzerland, you're encouraged to do so! Amazing!

Watch makers are rigging their auctions to maintain the high prices consumers pay for their watches. Apparently, they want consumers to believe that watches are "investments." If that's the case, then this is no worse and no better than a pump and dump stock scam where a company inflates its stock price so it can sell stock to unwitting buyers!

Yang Huiyan is 26 and She's Got $16 Billion

2007-10-08T13:44:00.000-07:00

Yang Huiyan is the daugher of a rice farmer turned real estate tycoon. She's 26 years old and she's got $16 billion. In case you were wondering, she's married! That's the photo of her and her groom at a wedding ceremony. Sorry dudes! You missed the wedding in April!

Yang's father, Yang Guoqiang, started his company Biguiyuan in 1997 and the rise was meteoric. The Biguiyuan Group was listed in the Hong Kong Stock Exchange on April 2007. Lee Shau Kee and Cheng Yu-Tung, two of Yang's townmates (Their native places are in Shunde), bought 1 billion of Biguiyuan IPO stocks respectively. He transferred his stock to his daughter.

China's MOFCOM talked about the IPO back in April. The company is called Country Garden Holdings (2007.HK). It's huge:

During 2006, Country Garden and its subsidiaries had 23 projects with an aggregate completed gross floor area (GFA) of 6,237,192 square meters, on which it had built 36,951 units to house an estimated 129,000 people, an aggregate GFA under development of 4,281,889 square meters, and an aggregate GFA of 12,525,272 square meters, relating to land held for development.

The stock has doubled since its IPO and the company is worth a little under $30 billion.

$16 billion is alot money. It's also alot of press on a 26 year old's shoulders! Imagine having to operate a multi billion dollar enterprise just 3 years of out of college!

I wonder how she's dealing with it! How would you deal with it? No pressure!?

Melinda Englanda aka Teacher Gone Wild on MySpace

2007-10-08T13:25:00.000-07:00

Melinda England is a 28-year old Knoxville schoolteacher and mother by day and a sexy, nude exhibitionist by night on Myspace. That last part was a problem because her principal found out!

Melinda England's MySpace picture is causing a firestorm at her school because Melinda England MySpace nude pics are showing up at school!

The pictures are clearly amateur and you have to feel bad for Melinda who is obviously just trying to have a social life! That photo? I'd say she is just being friendly.

Melinda’s also has a picture on AbsolutePunk.net where her screen name was “xlpaws” and again this isn’t a naked pic or anything. Her profile is still up (so quick! go check it out!). It says her birthday is February 8, 1979 (28). She may have even had a livejournal journal.

Melinda England xlpaws

Here's what's interesting: Even teachers have a first amendment right to freedom of speech. The catch is that if the principal thinks it's inappropriate, she can be fired. I say if she didn't try "friending" her students, it's all fine and games! Apparently the principal didn't think so because Melinda's on leave from her teaching gig. She got a letter from school asking her to boot for her sorry ass!

I say all's well that ends well and it's great to have all that new found fame! Melinda - boot your ass from school and go become a new MySpace model. Forget Knoxville USA. Become Paris and be famous for just being famous.

If you think there's anymore privacy in world, think again. Melinda literally talks about everything in her life online -even prescription drug use!

The haters are raving that she’s blogging on MySpace about prescription drug use and “out of control” kids. Well, it turns out her “prescription drug use” is Prednisone to help with flareups from fibromyaglia.

Melinda -you've found your true calling. Now go for it! What would you do if you were the Melinda, the student, or the principal?

Christina Aguilera Plays Mommy at Bel Bambini

2007-10-08T13:20:00.000-07:00

Christina Aguilera, when she is not shaking her ass in front of the camera, likes to play Mommy - at least that's what she did this weekend. The paps caught Christina Aguilera and husband Jordan Bratman shopping for baby items on Saturday (October 6) at the Bel Bambini store on Robertson Blvd in Los Angeles. The pregnant mommy got some practice carrying a friend's baby out of the store.

I reiterate: That's not her baby! Yes, her life is makeshe has props - even to play Mommy! Can you imagine that?

I think her pop career will be on hiatus for quite a while as she settles into the pop diva moma role! Unreal.

Marla Omstead - The 4 Year Old Picasso

2007-10-08T13:04:00.000-07:00

I was fascinated to learn about Marla Omstead who paints like Picasso, except she's just 4 years old. Child prodigies are quite fascinating because they appear to have no experience to back up their talents and gifts, yet they excel in what they do. If art doesn't get you excited, then money will. Marla's art is viewable only on her website MarlaOmstead.com and she has sold her paintings for tens of thousands of dollars. It's so interesting that filmmakers made a film about it.

"The only venue to see her art work is a Web site. ... As far as us being here today, it's really just because we feel like we don't want 'My Kid Could Paint That' to be the last true and only word about our family."

It all sounds good. Except she maybe a pretender. Her dad is a painter - and a plant manager at Frito-Lay, the potato chip company - yes. When Snow asked Olmstead if he ever helped his daughter paint the pictures, he responded, "I think we should define help. I do have to be involved, and I have, because she is -- was -- a one-year-old, two-year-old, three-year-old. And I help her by priming the canvas, by lifting her up over the canvas when she was younger so she could reach certain points, doing the edges, helping her with the paints themselves, as far as getting them in ketchup bottles. From that standpoint, yes, I help."

I hate to be a doubter or a basher but you have to wonder how much of it is real. Even the documentary maker expresses his doubts - at the very end of the film!

"As soon as my doubts reached a point where they were strong enough that it wouldn't have been right to keep them from the Olmsteads, I told them and that's the climax of the film," he said.

Her mom, Laura, has an emotional moment at the end of the film, where she says to Bar-Lev, "I need you to believe me."

You can't blame Marla's parents for wanting to believe their kid is special. However, the film leaves everyone hanging at the end: Is Marla a pretender?

Vonage Settles with Sprint, New Lease on Life?

2007-10-08T12:55:00.000-07:00

Vonage (NYSE VG) settled their patent dispute with Sprint (NYSE PCS) undoubtedly because neither of the two are doing particularly well. VG is up about 125% today which is up significantly from $1 when it hit bottom on the Verizon patent news. It's still not smooth sailing for Vonage. Looking at the balance sheet, Vonage has about $400 million in cash. The Sprint settlement is for $80 million which brings cash down to $320 million. If a settlement with Verizon is made for a similar amount, cash will be $240 million. The company is burning around $40 million per quarter so it has about 1.5 years in cash left. Vonage will need to raise money soon, sell, or go BK and be known for its stupid and funny and sometimes odd television commercials.

Is Bank of America Ripping Customers Off?

2007-10-06T21:40:00.000-07:00

I have gotten charged a fee every time I received an incoming wire transfer at Bank of America even though my account entitles me to get wires for free. It is becoming such a nuisance because every time I receive a transfer, I am charged $10. Then, I have to write to customer service to "remind" them that I have an "Advantage Account" which entitles me to free incoming wires. I have sent at least 10 emails to them about this problem and each time, they apologize and reverse the fee.

Bank of America advertises free wire transfers for its Advantage Accounts. I hate getting nickeled and dimed. My experience has left me wondering: Is Bank of America intentionally misleading and ripping off its customers? Bank of America has 1.4 million retail customers. It is a big deal because with so many accounts, ripping off customers for a fee of $10 multiplied by 1.4 million times can translate into $14 million of earnings each month. That can help make or break a quarter if things are falling short and I am not happy that they are doing this to me and to 1.4 million customers.

Bank of America is the largest bank in America and the largest bank of its kind in the world. As such a large institution, Bank of America has duty to its customers to uphold high standards. I would argue standards have to be higher than anywhere else. If they make one mistake, I can understand if they apologize and correct it. If they make two mistakes, maybe something is wrong. If they continue to make "mistakes" and have to apologize, then there is something evil about what they are doing. Shame on you Bank of America. You are not worthy of your name!

Monika Kurowska - Did She Kill His Pregnant Girlfriend?

2007-10-05T10:07:00.001-07:00

Monika Kurowska is a body builder. She is also former girlfriend of former Chicago Bears player Shaun Gayle. Now, Monika may also be the murderer of Shaun Gayle's pregnant girlfriend. A modern day Casanova, Gayle may have knocked up on too many girlfriends. Allegedly, Kurowska was pissed that Gayle left her for his new girlfriend, Phoni Reuter, and starting harassing the both him and her. In an order of protection he sought against the former girlfriend, identified in the court records as Monika Kurowska of Park Ridge, Gayle said Reuter had received a "harassing anonymous letter" from the woman in May 2006.

Apparently, Kurowska was so pissed she took a shotgun and blew Gayle's new girlfriend to bits. Gayle's girl, Phone, died of multiple gunshot wounds! Police discovered the body of Rhoni Reuter, 42, in her third-floor residence of the Deerfield Crossing complex in the 400 block of Elm Street after receiving a report of a woman screaming about 7:55 a.m., authorities said.

What a sordid tale! Truth is better than fiction!

George Clooney's $100,000 Bet Against Himself

2007-10-05T09:52:00.000-07:00

George Clooney is making a $100,000 against himself. He is betting that he will never again be married. Clooney declared he would never marry again after his divorce from Talia Balsam, and so far he has been a man of his word. Unfortunately, things are looking up for Clooney's love life and looking down for his bet.

The bet with Kidman and Pfeiffer went from a 10,000 dollar bet to a 100,000 dollar bet. The way things look now, Clooney could lose the bet. The actor is dating Sarah Larson, and the pair have been spotted everywhere together. Larson has reportedly quit her job to travel with Clooney.
"I bet him he would get married and he keeps inflating the bet from 100 dollars to 100,000 dollars,” says Pfeiffer. “I still think he will, he’s a handsome devil.”

Jeri Thompson Trophy Wife

2007-10-04T16:23:00.000-07:00

Jeri Thompson is 41, 24 years younger than her husband, and very pretty. She is the wife of Fred Thompson, GOP Presidential candidate. They met 11 years ago in a Nashville supermarket when she looked at the items in his cart -- a can of "beanie weenies" and half a pre-made sandwich -- and said "I'm so sorry."

So, is she a trophy wife? People writer Sandra Sobieraj Westfall scores Thompson "0 for 4" on "perfect hair, a fresh manicure, a spotless home and afternoons with the ladies-who-lunch set." For her interview with the magazine, Thompson was "in sweatpants -- her hair caught up in a ponytail, her fingernails ragged from stripping wallpaper."

I'm not into politics and I had never heard of Fred Thompson before hearing about Jeri Thompson. Have you? I think it's safe to say that we won't be having a president with a trophy wife - trophy wife or not.

Perez Hilton Gets a Black Eye

2007-10-03T07:42:00.001-07:00

Celebrity Blogger Perez Hilton got a Black Eye. We assume a fan probably kapowed the deutsche for all the dirt she dished on Britney Spears. You can see that nasty big bump on his eye in photo is not pretty, especially if you're standing next to Hugh Hefner and trying to mack on Playboy bunnies at his mansion.

China Automative Revs Up Its Engine Again!

2007-10-03T07:31:00.001-07:00

China Automotive Systems Inc (Nasdaq CAAS) is up about 10% and has made the top 10 gainers list on Nasdaq. The stock broke above $10 for the first time for a long time. China Automotive made a big run up to $16 last time and it's leading the Chinese related auto stocks. The stock has traded 1.6 million shares today which is its entire float and it's only been 1 hour into the trading day, so it has revved up its engine again.

I checked out the China Automotive website. The company is based in Jinzhou. They have some very strong partnerships with the big auto makers in China - especially Chery Automotive which is their largest customer and Daimler Chrysler. Operating income doubled year over year to $6.5 million and net income was up 227% to $2.7 million. The fundamentals are very strong. It's a fairly impressive performance. If this stock is anything like the other Chinese stocks during the past few weeks, we could see $20-$30. I am still amazed at the performance of China Resources (Nasdaq CHNR) which I wrote about just last week in a piece called "The Real Reason China Resources is Going Up". The stock was trading at $14 a week ago and today it is $37! Up up and away!

The Great Tea Bubble of China

2007-10-02T13:13:00.000-07:00

The Great Tea Bubble of China is promising vast wealth and fortune to tea traders in China. According to the journal, tea farmers in China are making a fortune selling "puer" tea. A cake of tea can fetch $13,000! That's for tea aged 150 years ago and pressed into a discus shape.

Puer is named after the Pu'er county of China in Yunnan, China, where it is cultivated. For normal varieties of puer, the price of one of the hottest varieties of puer soared to nearly $35-a-cake this past April, seven times the $5-a-cake value just three years ago. Today, a cake of puer sells for nearly $16, a 60% backslide from the peak, fueling fears of a crash.

You have to love the speculative nature of the business. Even the guy who owns a ton of this tea is trying to toot his own horn. Mr. Bai (the dude in the picture above) is reluctant to talk about the value of his puer, saying he collects it for its taste, not its monetary value. Still, he estimates his 56 cakes of 100-year-old puer are worth about $640,000. He has two 150-year-old cakes whose value he declines to discuss.

There are even stories of Chinese tourists buying and flipping puer cakes - ie buying that for $13,000 and flipping them for a quick double! The Great Tea Bubble is reminscent of the Great Tulip mania that struck Holland four or five hundred years ago. That particular mania got speculators Europe wide hot and heavy over tulip bulbs where one single tulip bulb sold for several thousand florin. To put that into perspective, one hundred florin could buy 1 ton of butter. Can you believe it?

Food Technology Service Ensures Food Safety

2007-10-02T10:34:00.000-07:00

Food Safety is a big important issue. In fact, the US government has setup a portal to to the nation's food supply at FoodSafety.gov and there is even legislation to ensure the safety of the nation's food in Congress according to the Washington Post especially with the rotten tofu and rotten beef scare from China. One day it is Chinese catfish, bass, eel and shrimp containing high levels of cancer-causing toxins. Another day it is toothpaste made from diethylene glycol—the poisonous chemical found in antifreeze. Even Chinese-made pet-food could not escape the wrath, with some animal feed containing melanie—an industrial chemical used to make plastics and fertilizer.

Considering that China feeds 1.3 billion people every day, the incidents are still uncommon in the grand scheme of things. However, the problem is still a major one.

That's where a little $9 million company is focusing on. It's called Food Technology Service (Nasdaq VIFL). According to their company profile, Food Technology Service, Inc. is engaged in the business of operating a gamma irradiation facility using Cobalt 60 for the sterilization of medical, surgical, pharmaceutical and packaging materials. It also disinfects fruits, vegetables and meat products, which extends their shelf life.

The stock is up 20% today and could go up more if we get more food scares which I am sure we will. That's great news because Food Technology keeps produce - fruits and vegetables - meat & poultry, shell eggs, crustacean and molluscan shellfish safe. Around 66,000 shares have traded so far and the float is only 1 million shares. It's a microcap and it's focused on a hot sector. All that's needed is another big food scare for this stock to rocket up. Can you believe this VIFL traded as high as $10? I didn't believe it either until I saw it.

Tianchi Lake Houses China's Loch Ness Monsters

2007-10-02T08:06:00.000-07:00

Tourists have spotted monsters swimming in Tianchi Take on the border of North Korea. The Chinese Central Television station broadcasted a tape of the monster and you can see it in this YouTube video of Tianchi Lake monsters. There are 6 monsters swimming in the video and they look like the Loch Ness Monsters from Scotland.

A TV reporter said he shot a 20-minute video of six "Lake Tianchi Monsters", near the border with the Democratic People's Republic of Korea (DPRK).

Zhuo Yongsheng, who works for a local TV station run by the administration office of the nature reserve at Mount Changbaishan, Jilin, has sent pictures of the Loch Ness-type creatures to Xinhua's Jilin provincial bureau.

One of them showed the creatures swimming in three pairs, in parallel. Another showed them together, leaving ripples on the surface of the deep, volcanic lake.

The first sightings of monsters at Tianchi Lake was about a century ago in 1903. The first reported sighting was in 1903. It was claimed that a large buffalo-like creature attacked three people, but was shot six times. The monster then retreated under the water.

Mirthala Salinas Sleeps Her Way to the Top

2007-10-02T07:57:00.000-07:00

Mirthala Salinas slept her way to the top. The former Telemundo evening newscaster had a fling with LA Mayor Antonio Villaraigosa and landed the most coveted broadcasting job ever in LA. Then, the sh*t hit the fan and Mirthala Salinas, former mistress, current girlfriend and disgraced Telemundo newscaster, got outed for her affair.

Her two month suspension for having an affair with the Mayor while reporting on his marriage’s demise is up. Telemundo has offered Salinas a reassignment at Inland Empire bureau in Riverside, a serious demotion from her previous role as fill-in evening newscaster. She decided not to show up for work. Sometimes sleeping your way to the top doesn’t work.

Mirthala, go write a book about your affair with El Mayor. Sultry love exposes always sell like hot cakes. It's sure to land on the NY Times best seller's list and you'll never work another day in your life again.