Showing posts with label suicide. Show all posts
Showing posts with label suicide. Show all posts

Friday, January 30, 2009

Lordy, Lordy!

From the Telegraph: Millionaire businessman shot his partner before killing himself.

Lord Howard Worthington, the former owner of a successful engineering firm, is thought to have shot 47-year-old Julie Rees at their £900,000 house before turning the gun on himself in fields behind the property.

Worthington, who bought his title around two years ago, is a former boss of EWS Manufacturing Ltd in Wolverhampton, where he worked until 2004. He is currently director of a building firm and, along with Miss Rees, ran a real estate agency. Both businesses were formed in 2007.


Real estate agency, eh, ol' chap?

Tuesday, January 27, 2009

That Upside-Down Feeliing

The AP reports: LA Man Upset Over Job Kills Wife, 5 Kids, Himself.

A man fatally shot his wife, five young children and himself Tuesday after he faxed a note to a TV station claiming the couple had just been fired from their hospital jobs and together planned the killings as an escape for the whole family.

''Why leave our children in someone else's hands,'' Ervin Lupoe wrote in a letter posted late Tuesday on the KABC-TV Web site.

The station called police after receiving the fax, and a police dispatch center also received a call from a man who stated, ''I just returned home and my whole family's been shot.''

It was the fifth mass death of a Southern California family by murder or suicide in a year. Police urged those facing tough economic times to get help rather than resort to violence.


Aah, the joys of being a home-pawner! Enjoy them while you're alive!

Tuesday, January 06, 2009

Mogul-ly Wogul-ly

From the Chicago Sun-Times: Real estate mogul found fatally shot in suburban wildlife preserve.

Steven Good, a major figure in Chicago real estate, was found shot to death Monday at a Kane County wildlife preserve, police said.

Mr. Good, 52, was the victim of a self-inflicted gunshot wound, police said. They said his body was found in a car parked at the Max McGraw Wildlife Refuge near East Dundee.

Kane County Coroner Charles West said the victim died of a gunshot wound, but he said circumstances remain under investigation. "At this point, there's no concern about foul play," West said.

Friends described Mr. Good as unfailingly upbeat and always on the hunt for business.


Looks like he's even more up-beat (beat-up?) now, huh?

She said she saw no signs anything was amiss. "He had unbelievable showmanship," Darling said. "He was just always on top of his game."

And now, he's at the bottom of a 6'x4' hole.

Those HeidelbergCement Shoes were too big for him

The AP reports: German Mogul Kills Self Over Financial Meltdown.

German billionaire Adolf Merckle has committed suicide after his business empire, which included interests ranging from pharmaceuticals to cement, ran into trouble in the global financial crisis, his family said Tuesday.

The 74-year-old's body was found Monday night near railway tracks at Blaubeuren in southwestern Germany, prosecutors in nearby Ulm said in a statement. They described the death as a ''railway accident'' and said there was no evidence that anyone else was to blame.

His family, which had reported Merckle missing after he failed to return home Monday, issued a brief statement saying he took his own life.


Merk-tastic!!!

Thursday, January 01, 2009

Jump, Jump!

From the Huffington Post: Financial Crisis Suicide Numbers Mounting.

An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide. A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years.

In Massachusetts, a housewife who had hidden her family's mounting financial crisis from her husband sends a note to the mortgage company warning: "By the time you foreclose on my house, I'll be dead."

Then Carlene Balderrama shot herself to death, leaving an insurance policy and a suicide note on a table.

Across the country, authorities are becoming concerned that the nation's financial woes could turn increasingly violent, and they are urging people to get help. In some places, mental-health hot lines are jammed, counseling services are in high demand and domestic-violence shelters are full.



_ In Los Angeles last week, a former money manager fatally shot his wife, three sons and his mother-in-law before killing himself.

Karthik Rajaram, 45, left a suicide note saying he was in financial trouble and contemplated killing just himself. But he said he decided to kill his entire family because that was more honorable, police said.

Rajaram once worked for a major accounting firm and for Sony Pictures, and he had been part-owner of a financial holding company. But he had been out of work for several months, police said.

After the murder-suicide, police and mental-health officials in Los Angeles took the unusual step of urging people to seek help for themselves or loved ones if they feel overwhelmed by grim financial news. They said they were specifically afraid of the "copycat phenomenon."

"This is a perfect American family behind me that has absolutely been destroyed, apparently because of a man who just got stuck in a rabbit hole, if you will, of absolute despair," Deputy Police Chief Michel Moore said. "It is critical to step up and recognize we are in some pretty troubled times."

_ In Tennessee, a woman fatally shot herself last week as sheriff's deputies went to evict her from her foreclosed home.

Pamela Ross, 57, and her husband were fighting foreclosure on their home when sheriff's deputies in Sevierville came to serve an eviction notice. They were across the street when they heard a gunshot and found Ross dead from a wound to the chest. The case was even more tragic because the couple had recently been granted an extra 10 days to appeal.

_ In Akron, Ohio, the 90-year-old widow who shot herself on Oct. 1 is recovering. A congressman told Addie Polk's story on the House floor before lawmakers voted to approve a $700 billion financial rescue package. Mortgage finance company Fannie Mae dropped the foreclosure, forgave her mortgage and said she could remain in the home.

_ In Ocala, Fla., Roland Gore shot his wife and dog in March and then set fire to the couple's home, which had been in foreclosure, before killing himself. His case was one of several in which people killed spouses or pets, destroyed property or attacked police before taking their own lives.

It's not yet clear there is a statistical link between suicides and the financial downturn since there is generally a two-year lag in national suicide figures. But historically, suicides increase in times of economic hardship. And the current financial crisis is already being called the worst since the Great Depression.


Right, there's no connection until the t-stats say so!

Tuesday, December 23, 2008

Cold Hands

The diseased New York Times reports: Head of Fund Invested in Madoff Said to Commit Suicide.

Rene-Thierry Magon de la Villehuchet, a founder of the hedge fund Access International Advisors, was found dead early Tuesday in his office in Manhattan, the French business daily La Tribune reported on its Web site, after losing as much as $1.4 billion that had been invested with Bernard L. Madoff, the money manager accused of running a $50 billion Ponzi scheme. Mr. de la Villehuchet, 65, committed suicide, La Tribune said, citing a someone close to Mr. de la Villehuchet.

Hot-diggity, this is getting better each day.

Monday, December 22, 2008

Death, Where is Thy Sting?

The Times, UK reports: HSBC banker found hanged in five-star hotel suite.

An HSBC banker has been found hanged at a five-star hotel, after apparently committing suicide.

Christen Schnor, 49, was found by a hotel worker hanging by a belt in the closet of his £500-a-night suite at the Jumeirah Carlton Tower hotel in Knightsbridge, West London. A note was found by his naked body.

Thursday, November 06, 2008

Jump, you Fuckers!


From the WSJ: His Job at Bear Gone, Mr. Fox Chose Suicide.

The meltdown of Bear Stearns Cos. in March marked the collapse of the modern securities industry, and the careers of some on Wall Street.

The financial crisis also claimed the life of a veteran Bear Stearns manager.

Barry Fox, a research supervisor who worked for nine years at the brokerage firm, took a drug overdose and then jumped from his 29th-floor apartment the evening in May after he learned he wouldn't be hired by J.P. Morgan Chase & Co., which was about to buy his firm. A coroner recently confirmed in an autopsy report that the death was a suicide.

Mr. Fox was devastated by the implosion of Bear Stearns and the financial hit he was likely to face, says Fred Philippi, his longtime companion. After several personal setbacks, "this Bear Stearns thing happened to be the last straw that broke his spirit," Mr. Philippi said in an interview.

...

The meltdown has also taken a more hidden toll, helping to push Mr. Fox and a handful of Wall Streeters over the edge. For instance, in early October, an unemployed financial manager in Los Angeles murdered his family before taking his own life, saying in a note to police that economic hardship drove him to despair. And about two weeks later, a Chicago futures trader fatally shot himself after reportedly sustaining big losses in his personal portfolio.


And that's why, boys and girls, you should learn to recognize the "obvious" signs of a bubble, and not get involved even if you are employed in the industry that's in the bubble and are raking in the dough yourself.

That they'd rather be dead than "less rich", and have no doubt that these people weren't exactly destined for the dole queue is mind-bending. What it says about America's collective self-delusion about money and status is even more disturbing.

The saddest part is that you can haul yourself down to your library (or internet these days), pull up a newspaper after the Panic of 1837 or the Great Panic of 1907, and you'd get a functionally equivalent story. You could change the names but you probably even wouldn't need to change the streets in New York and Chicago!

No wonder some of us consider filing Edith Wharton under "realism" in literature.

It was a freakin' bubble, the largest freakin' Asset Bubble in World History™ incorporating EVERY possible asset class that the EE can think of (and probably even some more), and it's not coming back.

EVER. (or at least not till two generations pass by.)

You may find it hard to recognize this because we've been sitting embedded inside this Mega-Bubble™ since 1983 but it has firmly ended. The entire world's FIRE economy worked by rolling debt into larger sums of debt at lower cost all the way down from 18% to 1%. The party is over.

Either you pay back the debt, or you default directly, or you default via govt. interference by fiat-inflation. All three roads lead to the abolishment of the debt. There are no other roads possible.

Until everybody firmly grasps this, we're pretty much screwed. Or to put it more poetically:

The beatings will continue until morale improves.

Saturday, January 19, 2008

Sweet Sufferin' Suicide

From the AP: Mortgage Company Exec Jumps to Death.

An executive of a collapsed subprime mortgage lender jumped to his death from a bridge Friday, shortly after his wife's body was found inside their New Jersey home, authorities said.

The deaths of Walter Buczynski, 59, and his wife, Marci, 37 — the parents of two boys — were being investigated as a murder-suicide, according to the Burlington County Prosecutor's Office

About 20 minutes after her body was found, officers from the Delaware River and Bay Authority Police Department received reports that a man — later identified as Walter Buczynski — had parked his car on Delaware Memorial Bridge and jumped from the span.


And Forbes reports: Fieldstone Seeks to Pay $1M in Bonuses.

Collapsed subprime lender Fieldstone Mortgage Co. wants to pay a skeleton staff of workers, including its CEO, about $1.1 million in bonuses so the company can wind-down its lending operations and go out of business.

Among the employees receiving biggest bankruptcy bonuses: CEO Michael J. Sonnenfeld; Vice President Walter Buczynski and Chief Information Officer John Camp will each receive $99,999. Another 20 or so employees would divvy up the remaining bonus payments.


Guess $100K wasn't good enough for him. Oh well!