Where’s The Video?

This is pretty cool, if it’d not a hoax.

Guy Builds Working Hoverbike That Currently Only Hovers

Chris Malloy built a hoverbike that he claims could theoretically reach speeds of 173 mph and a height of more than 10,000 feet, due to its high thrust-to-weight ratio. Right now? It only hovers about three feet off the ground while tethered to the ground. Malloy worked two years to achieve this feat, which may seem like quite a long time only to get the hover part of the hoverbike working, but Malloy did this himself in his garage.

See also:
BMW Hover Bike, is it Real?
Australian Unveils Prototype Hoverbike
We Love: Homemade Hoverbike
OMFG! A Hoverbike. Seriously, a hoverbike
Crazy Hoverbike Is Capable of Flying to 10,000 Feet
Buy The Hoverbike Of The Future For $40,000
OH MY GOD: This Hoverbike Really Works and You Can Buy It
Another Star Wars dream come true – the hoverbike

Could this really be the next best thing to a Star Wars land speeder?

/only time will tell I guess, if the hoverbike is real, they’ll sell a lot of them

We Spent More Than $50 Billion And All We Got Was This Lousy Perfume

Unbelievable.

New GM to launch fragrance line

It’s not the smell of the interior of a new luxury model, the whiff of gasoline or even the aroma of burning rubber.

It’s much more. It’s the luminous fresh scent from grapefruit and camomile and a mix of geranium, tarragon and cinnamon – plus sweet spice and incense.

Think of “Cadillac, the new fragrance for men.”

Sputtering General Motors Co., just out of a quick drive through bankruptcy court, will soon be using its iconic Cadillac brand to sell a line of fragrance for men.

Beauty Contact Inc., a Dubai-based cosmetic company and holder of the fragrance licence, said yesterday it will launch the Cadillac line in stores this fall to mark the brand’s 100th anniversary.

“Cadillac, the new fragrance for men is part of the recent Cadillac renaissance: Hot new products and redesigns that capture the mantra of life, liberty and the pursuit,” said Alwyn Stephen, a Beauty Contact director.

“Our fragrance is a relevant extension of the Cadillac lifestyle.”

The line includes a spray, aftershave lotion, deodorant stick, hair and body wash. Some products will come in translucent glass bottles with sleek metal caps. The retail price for a 100 millilitre bottle of the eau de toilette fragrance will be $73.

“The design pays tribute to the opulence and extravagance of past eras, as well as the luxury and ease of today,” the firm added.

But marketing expert Alan Middleton, a York University professor, said it’s a bad example of brand extension and indicative of a troubled company. In the past, GM has licensed fragrances for Hummer, Chevrolet and Corvette.

“Anybody who knows anything much about branding would know this is about as bad an idea as when Roots tried to brand an airline,” Middleton said.

“Neither Porsche nor BMW nor any other transportation brand that has tried this silliness has been very successful.”

This is what we paid tens of billions of dollars for? This is how Obama runs a car company? They can’t even make the damn perfume in the United States! Oh yeah, remember Chrysler, the car company that Fiat bought and that the American taxpayer owns a chunk of?

Fiat 2nd-Quarter Net Loss EU168 Million; Analyst Est EU158.4 Mln

Fiat SpA, the Italian carmaker that took control of Chrysler LLC, reported a net loss of 168 million euros in the three months ended June 30, compared with net income of 604 million euros a year earlier, it said in a statement today.

That was higher than the average estimate of five analysts compiled by Bloomberg, which showed a 158.4 million-euro loss.

See also:
Fiat swings to loss as demand suffers
Fiat Reports Second Consecutive Loss on Truck Sales
Fiat CEO Says Chrysler Listing Will Take Time, Maybe 2.5 Yrs
Fiat’s Issue Is Debt, Not Profit

All in all, I think our ridiculously large investment in bailing out Chrysler and GM is being managed quite well and will turn out to be the best money taxpayers have ever spent, don’t you?

/it probably won’t even end up costing us much more than $100 billion or so, give or a take a few billion here or a few billion there