Stupidity pays

Discussion in 'Politics & Religion' started by Free Thinker, Jan 12, 2011.

  1. we already know that tv preachers use the power of stupidity to get rich off the suckers but now this. these people make a plastic wristband designed to make you stronger if you wear it. so how profitable it it selling bogus crap to suckers?

    http://www.powerbalance.com/


    The maker of Power Balance sports wristbands has reached a tentative agreement to take over naming rights at Arco Arena.

    A source with knowledge of the deal told The Bee that Power Balance LLC has made a tentative agreement for a five-year deal.

    Arco's agreement runs out after the end of the NBA season, ending a 25-year relationship. Its departure leaves the Maloof family, which owns the team and the building, searching for a replacement in a down economy.

    Arco has paid the team an estimated $750,000 a year for the rights; terms of the Power Balance deal weren't immediately known.



    Read more: http://www.sacbee.com/2011/01/11/3316823/arco-arena-to-be-renamed-after.html#ixzz1Aq8VuEdV


    and this:
    http://www.sacbee.com/2011/01/04/3299235/power-balance-admits-no-science.html



    The company wrote: "We admit that there is no credible scientific evidence that supports our claims." It also agreed to give refunds to customers who believe they were cheated.
     
  2. 1) ARCO?......Atlantic Richfield?......what used to be Sinclair Oil? :confused:
    2) The arena is going from "substantial" to "insubstantial". :eek:
    3) New naming rights tend to occur at long-term peaks in the stock price of the new company. :D
    4) During bear markets and recessions, people become more gullible and prone to believe in mysticism and other illogical things. :( :p
     
  3. If stupidity paid, you'd be a billionaire.