Deer in the headlights edition:

https://www.youtube.com/watch?v=Eez1LVPQrbA

Bonus PUMA (check out the helmet hair):

https://www.youtube.com/watch?v=sG1uy_efHzU

I bitched about outsourcing shit to India here and here, so today it’s China’s turn:

Gary Leong knew things weren’t right during a recent tour of a Chinese plant when he witnessed workers manufacturing glucosamine sulfate to relieve joint discomfort in the morning and fertilizer to help plants grow in the afternoon – using the same equipment.

Not only do my joints feel great, I’ve grown 2 inches!

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And one of them has a report:

Yesterday I posted on the Satyam fraud – Satyam is an Indian outsourcing company.  Pricewaterhouse Coopers is Satyam’s auditor.  And because PwC missed the $1 billion elephant in the room, they might have a problem:

PwC said it was examining [Chairman and CEO] Raju’s statement but could not comment further due to confidentiality issues.

The fraud could cause problems for PwC. Since Satyam was listed in the US, investors can turn to the courts there for recompense, and there are legal precedents for holding auditors accountable.

I love the smell of litigation in the morning.

$1 Billion Fraud at India IT Group [FT]

Earlier today in the comments we speculated as to the characteristics of a PUMA.  As a public service, I found one for you:

https://www.youtube.com/watch?v=65awpykCvAs

Discuss.

First it was the banks. Then Fannie and Freddie. Then AIG.  Then Shittybank. Then the automakers. Then the former millionaires created by Bernard Madoff. Then CRE.  And now?  Larry Flynt.

Turns out that even this vice industry — which has weathered many other economic downturns — has gone limp under Bush. Girls Gone Wild CEO Joe Francis and Hustler magazing publisher Larry Flynt have asked Congress for a $5 billion bailout, arguing that their industry is also one of the “nation’s most important businesses“.

I can’t even begin to speculate who the next supplicant will be.

And I can’t wait to hear David Vitter’s floor speech.

Porn Industry Goes Limp: Seeks $5 Billion Federal Injection [Think Progress]

The contract jobs I work on have been outsourced in part, mostly to India.  That’s why this warms my cynical black heart:

NEW DELHI — Satyam Computer Services, a leading Indian outsourcing company that serves more than a third of the Fortune 500 companies, significantly inflated its earnings and assets for years, the chairman and co-founder said Wednesday, roiling Indian stock markets and throwing the industry into turmoil.

Sweet.

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