Tag: U2

Hypocritical Bono named America’s worst investor

Bono, lead singer of Irish rock band U2, who travels the world preaching that everyone should pay higher taxes but then moved the band’s corporate headquarters to the Netherlands in an effort to avoid paying higher taxes, won’t have to worry about that issue this year. Because he lost his Irish ass in the stock market in 2009.

Financial woes have Irish rocker Bono singing the blues

Bono, lead singer of Irish rock band U2, who travels the world preaching that everyone should pay higher taxes but then moved the band’s corporate headquarters to the Netherlands in an effort to avoid paying higher taxes, won’t have to worry about that issue this year. Because he lost his Irish ass in the stock market in 2009.

The San Francisco Business Journal tells how Bono hit some sour financial notes:

U2 singer Bono’s investments into Elevation Partners, which has offices in New York and Menlo Park, have helped make him the “worst investor investor in America,” according to the online publication 24/7 Wall Street.

With large investments in Palm, Forbes, and Move.com — “an unprecedented string of disastrous investments which even bad luck could not explain” — Elevation Partners has earned the distinction of being “arguably the worst run institutional fund of any size in the United States,” 24/7 Wall Street asserts.

…Elevation bought 25 percent of Palm in 2007, and the company’s stock has since tanked – down to $3.65 from $18 last September…

Elevation Partners put $300 million into Forbes’ online operations in 2006, and the company’s total value has dropped from $750 million to “perhaps $100 million.”

Elevation put $100 million into Move.com, which owns home and real estate websites, and company shares subsequently lost 50 percent of their value, 24/7 noted.

There’s more, but our uncharacteristic schadenfreude seems to be getting the better of us. Suffice it to say, if Bono had been around in 1845 he probably would have invested in potatoes.

Source: San Francisco Business Journal

The Edge still can’t build what he was hoping for

David Evans wants to build a home on the soaring landscape above Malibu beach. It’s got all the correct environmental bells and whistles, too.

No Irish rockers allowed. The Edge finds out that sustainability just means sustaining views of rich leftists.

David Evans, aka the Edge, is the guitar player for Irish rock band U2, the most eco- and politically-correct band in history. U2 defined politically-correct standards of rock and roll.

Now the Edge wants to build a home on the soaring landscape above Malibu beach. It’s got all the correct environmental bells and whistles, too, the Edge says.

“We just had this dream of building a house that was in perfect harmony with these hills,” Mr. Evans said. “We see it as something that could be a bench mark of sustainability.”

But in the ever exacting bite of karma, a group of green eco-warriors are fighting the Edge’s new home. The Santa Monica Mountain Conservancy and the rich folks who live below are trying to stop the project, which includes, Gaia forbid, a road.

Maybe sustainability and environmental awareness are now just code words that help rich people keep the Irish out of their neighborhoods.

Source: New York Times

– Written by Sven Waring, DotPenn.com

Bono performs his tribute to Elvis Presley exclusively for IHateTheMedia.com

Bono, the tax-evading frontman for Irish rockers U2, unveiled an odd ode to Elvis Presley on Great Britain’s Radio 4 this morning. It’s a 14-minute long…uh…poem.

If anything, it proves that U2’s music must be even better than anyone ever realized, because it had to compensate for Bono’s absurd lyrics.

The poem is titled American David. It’s a melange of odd, seemingly insulting rhymes loosely set to a music track. It also contains numerous words and phrases that many will consider offensive, such as “white nigger” and “spastic” and “shit.”

The Times UK describes it like this:

One rhyming triplet played on the singer’s long weight battle: “Elvis the bumper stickers/ Elvis the white knickers/ Elvis the white nigger ate at Burger King and just kept getting bigger.”

Another took aim at his iconic dance move: “Elvis the ecstatic/ Elvis the plastic/ Elvis the elastic with a spastic dance that could explain the energy of America.”

But other lines told of the U2 singer’s admiration, as he called the late pin-up “pharoah-like”, a “genius” and a “psalmist”.

Pardon us if we seem presumptuous, but we’d like to contribute our own lyrics:

He died on the toilet/ Covered with his own sweat/ Don’t be upset but don’t forget, closet thing America ever had to a king

Hey, it might not be great, but it’s no worse than that crap Bono’s wrote.

When do the royalties start rolling in?

Source: Times UK

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