Giant Robot Store and GR2 News
Caterpillar Fungus grows on dead caterpillars and can fetch up to $11,500 a pound. What does it do? Of course anything that high priced is either for bling or for schwing! It’s not just strange sounding medicines, it’s also liquor. These untraditional investment places are returning more than traditional investments in a volatile China. (WSJ – Caterpillar Fungus)
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It’s bad ass when your government can change the value of currency when it sees fit. The Yen was hitting record strength against the dollar. It hit about 75 and now it rests at 79. What happened? The government sold off Yen and bought dollars to strengthen it. Will it hold up? 79 is the best it’s been in a while and still a crappy number compared to the 110 and 120s that the US enjoyed for years. Ideally, we guess that 10000Yen should equal 100 dollars. Obviously the stronger the Yen, the harder it is to import anything into the US, which is at an all time difficulty.
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Sushil Kumar is the real Slumdog Millionaire. It’s strange how after the film which did well everywhere except in India made the world sort of hope for some truth to the story. The rags to riches story by way of cheesy game show and life story intersecting with a happy ending. The 27 year old actually did it, and although he might not be as picturesque and have a girlfriend like Frieda Pinto, he’s got the cash. (latimes – Sushil)
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Fisherman who trawl for “stuff” at the bottom of the ocean found a bag containing $145,000 US worth of Yen. It was 11,000,000 Yen and it belongs to who knows… there was no info identifying the owner, who could have easily been swept out to see along with the money. If there are no rightful claims the fisherman keep the money. This brings up the honesty issue of some Japanese people. There is a question of how much doesn’t get reported. (Mainichi – Yen)
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We’ve seen the Japanese Returns $78 million from Earthquake rubble type headlines for almost a week now, and that’s no surprise. That’s really all you need to know. Eventually, it’ll get to 100 million, and that’ll be no surprise either. Surely, there are folks who are pocketing some cash or using it since they’re not being helped by the tons of donated moneys or are just keeping it. Surely there are treasure hunters as well. That said, this type of news is still not surprising. The above image came from Michael Arias article and this one of his photos. Take a look at the article, it’s amazing. link.
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