US Porn Moguls, Chrysler and Satyam

"Two porn moguls including Hustler magazine founder Larry Flynt are seeking a five-billion-dollar bailout from Washington, arguing that the limp US economy has thrown cold water on the adult entertainment industry."-AFP
I guess the porn industry isn't resilient to the economic downturn after all. I had a theory which goes along the line of -sex is like food, thus its staple, thus it would not be affected much by the economic downturn.

Chrysler, what can I say, it's in the SHIT. ItLarry Flynt

is in the worst position among the Detroit car makers. The CFO stated that it needs $7 billion every 45 days to pay its suppliers and creditors. Last year, a single Toyota model, the Camry/Solara midsize car, outsold the entire fleet of Chrysler LLC's passenger cars.
Talk about bad.

Satyam, know as the Enron of India might cause PwC to end up like Arthur Anderson. I don't understand how could the audiors from PwC not detect a $1 Billion fraud done by then Chairman, Mr. Ramalinga Raju. PwC had been auditing Satyam for 7 freaking years. An analyst from Merryl Lynch just took 10 days to find out about its accounting irregularities. Talk about a shitty job done.
In 2007, Mr. Raju was named Entrepreneur of the Year by Ernst and Young. Its a highly prestigious award given by EY.The Legendary Fraudster, Mr Ramalinga Raju

PS: Tax computation is so boring!~