« The state of press freedom in China | Main | Deciphering trends in China »

Black humor on the crisis

Here is black humor about the financial crisis, courtesy of the South China Morning Post.

Q: What is the definition of optimism?
A: An investment banker ironing five shirts on a Sunday evening.

Q: Why are all MBAs going back to school?
A: To ask for their money back.

I went to the ATM this morning and it said, “insufficient funds.”

I’m wondering: Is it them or is it me?

The Post also has an interesting blurb about the fall in value of the big U.S.-headquartered gaming companies with operations in Macao. A year ago, it seemed these companies could do no wrong. But a global financial crisis has severely humbled them.

My research on Yahoo! shows the following on their share prices on U.S. exchanges:

Las Vegas Sands, which operates the huge Venetian resort in Macau closed last Friday at $13.06, less than a tenth of its last year high of $148.76.

Wynn Resorts, which also operates a gleaming high-rise casino and hotel in Macau, traded Friday at $57.52, down from its year-long high of $176.14.

MGM Mirage, which is a joint venture partner in Macau with the daughter of Macau tycoon Stanley Ho, traded at $15, down from its high of $95.66.

They’ve been dealt some rotten hands.

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c64169e201053592d17d970b

Listed below are links to weblogs that reference Black humor on the crisis:

Comments

The comments to this entry are closed.

ABOUT THIS BLOG

Tom

"China Rises" is written by Tom Lasseter, the Beijing bureau chief for McClatchy Newspapers.

Send Tom a story suggestion.

Read Tom's stories at news.mcclatchy.com.

Follow Tom on Twitter: @TomLasseter

Follow Tom on Google Plus

Enter your email address:

Delivered by FeedBurner

THIS MONTH

    Sun Mon Tue Wed Thu Fri Sat
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29      

Photo Albums