Archive for the ‘Economy’ Category

Adult Industry

Friday, May 1st, 2009

Here’s an excerpt from a recent Brent Bozell column (Bozell is hard-right, but some interesting content here that might work on  your new PTV site)

“….so with an eye on the opening of the latest “adult entertainment” expo in Las Vegas, Hustler magazine publisher Larry Flynt and “Girls Gone Wild” DVD king Joe Francis issued a press release calling on the 111th Congress to “provide a financial bailout for the adult entertainment industry along the lines of what is being sought by the Big Three automakers.”(In case you’re wondering, yes, this is the same Joe Francis who recently left prison after serving 11 months and posting a $1.5 million bond, convicted on tax evasion charges.)

Flynt insists it is time for Congress to restart “the sexual appetite of America,” and his product is more important than cars: “People are too depressed to be sexually active,” Flynt laments. “This is very unhealthy as a nation. Americans can do without cars and such but they cannot do without sex.”

They are asking for $5 billion. They are also asking for a whole lot of publicity, too. Those sleazy CEO tongues were clearly in their cheeks, since the press release carried the headline “The $13 Billion Industry Is In No Fear Of Collapse, But Why Take Chances?”

Francis was serious – and obnoxious – enough to send letters to liberal House members like Henry Waxman (his local representative), and Barney Frank (the chairman of the Financial Services Committee). Naturally, Forbes reported “Representatives for Waxman and Frank weren’t picking up their phones.” Francis also sees hope in President-elect Obama: “I bet he’s a Girls Gone Wild fan.”

Flynt and Francis argue that their business has been hit hard by the economic downturn. They claim DVD sales and rentals have decreased by 22 percent in the past year as viewers turn to the Internet for their thrills.

But not all of that mouse-clicking turns a profit. In a new report on AdultVest, the first hedge fund for financing X-rated outcasts, the Atlantic Monthly estimated the U.S. porn industry generated roughly $12 billion in 2007 (about the same overall sales figures as the video-game industry in 2006). But online content doesn’t deliver the financial returns it used to, now that popular smut sites such as RedTube and PornHub give it away….”

Thought this was an interesting piece for you site. Thank you.
Frank Burns

Bridge Loans and Bail Outs

Sunday, March 8th, 2009

U.S.A. Today, on December 23,2008 ran an Op-Ed that began by noting that by March 2009 it should be clear whether the $17.4 billion “bridge loan” granted to the beleaguered, Big Three, Detroit automakers will show progress commensurate with the investment to warrant additional help from Washington. 

While there are numerous, compelling reasons to support, at least superficially, the auto industry, it seems to me that it sets a bad precedent; or should I say, continues it. The atrocious examples of mismanagement set by Bear Sterns, Freddie Mac and Fannie Mae (ad nauseum) have previously “set the bar”, as it were. 

Bailing out industry with consumers to tax dollars is an insult on top of injury to the consumers, who have paid bloated prices for goods and services from corporations and companies that do not care to give equal value back to the consumers. Think sports utility vehicles. Now the consumer is forced to prop up and support the very companies that created the fuel guzzling behemoths that became an albatross around owners necks over the summer when gas sky rocketed to $4.10 per gallon. 

Whether General Motors, Chrysler and Ford will introduce truly innovative, hybrid automobiles that will reward the consumers investment with quality, and the first genuine steps toward breaking the dependent stranglehold upon fossil fuels which have been forced on auto owners for far too long by Detroit’s abject refusal to innovate before economic meltdown forces it to do so, remains to be seen. In truth, it seems to me that Detroit’s sudden urge to innovate efficiency is a disingenuous, insincere, self-serving apology to the consumer, being offered now, only so the automakers can save themselves.  It required congress to castigate the big three’s  CEO’s into assemblance of contrition, after flying to Washington on board private company jets to plead broke, and beg a handout! The arrogance displayed exceeded hubris!

To reward such behavior with the means to keep G.M., Chrysler and Ford afloat, seems not only ill advised, but worse, is in complete opposition to the fundamental principles that support capitalism and the free market economy. Specifically, that such industry is Darwinian allowing only the strongest companies, corporations and producers to survive based on quality of products, goods, and services that are offered to the consumers. 

General Motors, Chrysler and Ford have all failed to provide quality automobiles to American Consumers; thus, by right of Darwinian business principles, the big three deserve to fail, and should be allowed to do so. While such failure would have enormous negative impact on the already wounded American economy. At least in the short term, the far reaching consequences would be the emergence of a revitalized auto industry that will have learned from its predecessors mistakes. A new auto industry would purchase and use the existing infrastructure, would employ the same auto workers, would contract with the same parts manufacturers. The interruption and fall out would be short term and result in a vastly improved operational standard as well as quality production tailored to the consumer’s needs and demands. Nothing would be lost, and a great deal would be gained. 

However, bail outs and bridge loans which support and keep afloat unworthy businesses at the expense of the taxpayers, and which effectively result in the nationalization of each business our government bails out, will not stimulate free market economic growth. It will stagnate it, because ti is a socialist model of business. Socialism does not encourage innovation, because it does not reward success and punish failure. It creates a status quo and struggles to maintain it by staving off inevitable entropy and systemic decay. We saw rewards and fruits of socialism and nationalization when we witnessed the collapse of the Soviet Union. Socialism and nationalization are not viable models for economic stimulus.

For our economy to rebound and recover it is imperative that corporations, companies and businesses doomed to fail be allowed to do so, thus allowing the healthy, viable businesses to emerge from the destruction, to thrive , and to renew the free market while strengthening the principles of capitalism and democracy upon which our nation was founded.  

Michael Anthony Wachter

mwachter452002@gmail.com

Persia’s Stimulus Package

Thursday, February 19th, 2009

Are you all as angry as I am? When is this bailout nonsense going to stop? 75 billion dollars are going to be given to homeowners that play by the rules and are in trouble. That is a drop in the bucket. What about the rest of us who had common sense to live by our means and not pretend that we could afford a mansion to live in? Imagine the debt this country is in because of the facade of the bailouts in the housing and financial markets. I say let those scoundrels  fall on their faces where they belong.  Even the President who inherited this disaster should be living by example and cutting costs in his personal life.

The best stimulus package I can think of right now is on my website right between my legs! Check it out at the palace!

Persia

Bailout Smailout!

Friday, February 6th, 2009

When did American citizens stop taking responsibility for their actions? Do you think the economists and bankers didn’t see this crisis coming? What about the wishful home buyer that could barely make ends meet and signs a loan for $300,000? All these people are guilty of greed. Let these businesses collapse and the dollar plunge. Any plan to fix this will be like a bandaid. What goes up must come down! The taxpayer doesn’t need to bail out others, let them feel the pain of their mistakes.   I am an advocate of free enterprise and hard work and that business owners shouldn’t have to coddle the lazy or greedy.  The corporations and fat cats that could show some kind of philanthropic effort seem to hoard money and increase advertisement. 

Persia

Ron Jeremy On Porn And The Economy

Thursday, January 22nd, 2009

The Adult Industry is effected by the economic downturn as all others are. This is an interview with long time film star Ron Jeremy filmed during this year’s Adult Entertainment Expo in Las Vegas, where he gives his thoughts on the matter. Ron is full of energy and loves his fans more than anyone! He is funny and clever, but don’t let his clowning around fool you, Ron has strong opinions and is a brilliant representative for the adult industry. 

 

Watch Video:

Bail Outs

Monday, November 24th, 2008

Now that everybody is embarrassed for the arrogant CEO’s of the auto industry, when is congress going to bail out main street?  I say give the money to the American people and let them pump it back into the economy. Keep the middle class from dying. Maybe the auto industry should use their workers to build a desperately needed rail system in this country. We need trains, not the inferior cars this country produces. 

Persia

comments are welcome!