*Rosenhan Experiment. Stanford University Psychologist David Rosenhan duped hundreds of psychiatric workers by admitting sane pseudopatients in mental hospitals. The Rosenhan experiment or Thud experiment determined the validity of psychiatric diagnosis. The participants feigned hallucinations to enter psychiatric hospitals. The participants acted normally after admittance. They were diagnosed with psychiatric disorders. They were given medications. Rosenhan published his findings on Science in 1973 titled, "On Being Sane in Insane Places." The study concluded, "it is clear that we cannot distinguish the sane from the insane in psychiatric hospitals" and illustrated the dangers of dehumanization and labeling in psychiatric institutions.
YouTube interview David Rosenhan: Being Sane in Insane Places. Wikipedia Rosenhan experiment.
pedantic: of or like a pedant. Pedantic describes a person who annoys others by correcting small errors, caring too much about minor details, or emphasizing their own expertise especially in some narrow or boring subject matter.
*Federal Reserve Possible Malfunction And Need Input. The Federal Reserve Bank Board invited public comments on a proposal to enhance regulators' ability to resolve large banks in an orderly way should they fail. If they were to fail, then their large size could complicate efforts by regulators to resolve the firms without disruption to customers and counterparties. Press Release.
*Another Big Bet For Mattress Mack Jim "Mattress Mack" McIngvale won $75 million making it the largest legal payout in sports betting history. He betted the Houston Astros win the 2022 World Series against the Philadelphia Phillies. McIngvale owns the furniture store Gallery Furniture located in Houston, TX.
*Same Frauds On Different Days. Co-founder and CEO of FTX Sam "SBF" Bankman-Fried was arrested for fraud, money laundering, and conspiracy to avoid campaign finance regulations. FTX is a cryptocurrency exchange company. The fraud is still the same business fraud. The differences are a different day and an unprecedent cryptocurrency company.
*Secretary Of The Treasury Janet Yellen. Secretary Yellen was interviewed on 60 Minutes dated Sun Dec 11, 2022. Yellen is a politician first. Yellen is an economist second. Treasury Secretary Janet Yellen: The 2022 60 Minutes Interview.
*Remake *fill in the blank*. There are movie remakes, television remakes, music remakes, and video games remakes. In addition, there are spin-offs, continuations, prequels, reboots, and revivals. There is one positive to all of the above which is they create jobs.
*Oklahoma City Thunder mascot Rumble scared Portland Trailblazers courtside reporter Brooke Olzendam. Thunder mascot scared this reporter #shorts. A woman is prettier when her blood flows throughout her body.
*Angry Multiplier. Anger is not a sum. 1+2+3+4+5+. . . is incorrect. Anger is a product. 1*2*3*4*5*. . . is correct. Choose anger wisely. Make the correct judgment call. Most of the time a negative moment is forgotten one year later.
Cheer up. Don't be a stuck up.
*Barry Minkow. 16 year old Los Angeles, CA high school student Barry Minkow started a carpet cleaning business named ZZZZ Best Carpet and Furniture Cleaning in 1982. The company went public in 1985. Minkow was convicted of fraud in 1987. Barry Minkow is taught in business and accounting classes today.
60 Minutes interview Con Man: Barry Minkow - It Takes One To Know One (2005). "We were claiming to be doing restoration jobs totaling in excess of 50 million dollars. We weren't doing any. None. Well, I mean, I did like some toilet overflows at Mrs. Jones house, but that certainly didn't constitute 50 million dollars," said Minkow. $50 million in 1985 is worth $138 million today.
Watch the movie Con Man (2018). Mark Hamill, Talia Shire, James Caan, and Ving Rhames co-stars. The movie is the first time I watch without a disclaimer like some of the characters, names, businesses, locations, and events are fictionalized for dramatization purposes. I believe the movie is almost 100% accurate which likely explains the 4.7 rating in IMDb.
Read an article my auditing professor shared with the class Meet Fraudster Barry Minkow. The May 5, 2011 blog includes a .jpg of a news article.
Minkow's wisdom is, "Don’t trust--verify."
*Corrupted Blood. Blizzard's War Of Warcraft role playing game created a virtual pandemic in 2005. A boss named Hakkar casted a Corrupted Blood disease spell to players. Players who retreated spread the disease to non-playable characters due to a programming glitch. Blizzard rebooted the game for all servers affected. Article Real-World Lessons From a World of Warcraft Virtual Outbreak written on Mar 17, 2020.
*Some lower back pain is okay. ArsTechnica published an article on Feb 14, 2017 Doctors: Lower back pain is like a cold—minor, annoying, and temporary. "I know your back hurts, but go run, be active, instead of taking a pill."
*The 2023 Super Bowl LVII Halftime Show performer Rihanna said on work-life balance, "The balance is almost impossible because no matter how you look at it, work is always something that's going to rob you of time with your child. That's the currency now, that's where it goes. The magnitude of how much it weighs." She's currently building a cosmetic business named Fenty Beauty a lingerie business named Savage x Fenty. She gave birth to a boy in 2022. Rihanna last toured in 2016. Rihanna is born Robyn Rihanna Fenty on Feb 20, 1988 in Barbados.
*Adult Children Need Parental Help. Dave Ross Podcast More Millennials Need Their Parents Help But For How Much Longer on Feb 1, 2023. Parents of adult children need financial help to live an independent life.
Update On A Past Blog
The SBF FTX fraud reminded me of the blog Same Shit. Different Day. Everything Happens. I wrote on Jul 28, 2021. Today is another same day for the most part. The news is the same 99.99% of the time. Nothing new. Move along. Live your life. Worry more about yourself and less about others. Be lucky you're not on the evening news in a negative way.
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