Pete Bevin brings the magnitude of the stock market woes to the local pub:

If you bought $1,000 worth of Nortel stock one year ago, it would now be worth $49.
If you bought $1,000 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, and traded in the cans for a nickel deposit, you would have $79.

A really well-done movie/propaganda piece called “Enron 101″. Watch the show, sign the petition — it’s not too late! The unanimously-passed Senate corporate-reform bill is very different from the Republican-sponsored House bill (and there’s a lot of resentment from the Democrats in the House since they were not allowed to be involved at all in the crafting of the bill). I doubt if we’ll see anything meaningful coming out of conference before the August recess.

The Portland Beavers, the AAA affiliate of the San Diego Padres is sponsoring an “Arthur Andersen Appreciation Night” on Thursday, July 18. There will be free admission to anyone with the first name “Arthur” or last name “Andersen”, and the first person to show up with the name “Arthur Andersen” will receive a prize package which includes an executive-box party for 80 “Accomplices”. There will be shredding stations set up around the park, and

A special clause permits Beavers executives to re-sell their tickets out the back door of the ticket office while fans attending the game are being urged to “hang onto” their tickets and stay the course, despite the potential negative outcome of the game.