Strollerderby

Morning News: Beware the Ponzi Scheme

Posted by Shannon LC Cate

After speculation that went both ways, Illinois Governor Rod Blogojevich didn't resign yesterday.  So now it looks like the die is cast and impeachment proceedings begin today.

What Illinois will do about its vacant senate seat is still undecided, but it's looking more and more like not-indicted New York Governor David Paterson will appoint Caroline Kennedy to the seat Hillary Clinton leaves open as she becomes the new Secretary of State.  Caroline called the governor yesterday to declare her interest and plan a meeting to sell him on her credentials.  Could you turn Caroline Kennedy down?  Neither could we.

We hope you no personal reason to know the name Bernard Madoff who cheated investment clients large and small out of billions of dollars using a "Ponzi scheme."

In case you're wondering, a Ponzi scheme is a bit like a pyramid scheme--the same type of system often sold to moms as the perfect job by work-from-home sales companies.

And from the good news and bad news file: the Earth's climate is warming BUT usually cannibalistic squid are becoming "lethargic" and refusing to eat each other as a result.  Okay, so that's only good news if you're a squid.

 

Image: chicagotribune.com


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About Shannon LC Cate

Shannon LC Cate, PhD is a lesbian housewife and work-from-home mother of two girls via domestic, open, transracial adoption. They are both under five and already too brilliant and beautiful for their own good. Shannon lives, writes and assembles tricycles in Chicago, Illinois.

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