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CNBC Says "Mike South - South is the Nikki Finke of the porn industry. His blog, which is never short on opinion, is a must-read among industry insiders. His style is unique, but he is also a leading agent of change within the industry. There are few fence-sitters when it comes to opinions about South, but no one ignores him."

Recent Comments

  • Why The Cuba Thing Interests Me (12)
    • MikeSouth: Oh ive read islands in the Stream and seen the movie, also read The Old Man and the sea and unrelated to Cuba A Farewell to Arms and I...
    • LurkingReader: On a cruise we took a catamaran excursion and thankfully weren’t too shitfaced on the Caribbean rum punch…we heeded our...
    • BT: Mike: As a Hemingway fan, this interests me tremendously. If you want to get romantic about Cuba, read Islands in the Stream, or see the movie...
    • MikeSouth: Not so at all DB google Ciguatera. where I fish it isnt a big issue in Cuban waters it is. it does effect pelagics like Barracuda in the...
    • common sense: What’s that noise? Oh, it’s JFK flipping in his grave.
    • Dirty Bob: C’mon, South – you always WANTED to fish in Cuban waters…
  • Cuba, Lets Be Honest (20)
    • common sense: This was a good deal for Obama. He traded 3 Cuban spies for one American do-gooder and some great tips on how to run a dictatorship!...
    • artwilliams: I think this is a good idea. Why wouldn’t a country have at least diplomatic ties to another. Talking is better than not talking...
  • Mark Schechter Counter Suing Shy Love Heres What You Haven’t Read (56)
    • mharris127: Lurk, very interesting about the marginalization of teens in sex work if the legal age were raised to 21. I took it from an increased...
    • LurkingReader: @insider Threads that evolve as this one has are my favorite because they include comments like yours.

Cyprus Freezes Accounts, AVN and Manwin Bank There

To make a long story short Cyprus banks are in trouble and they need bailing out by the EU.  The agreement being that Cyprus will levy a 6% charge on all accounts with under 100,000 euros and a 10% charge on all accounts over 100,000 euros.  The percentage taken will be converted to bank stock, which is virtually worthless.

Savings accounts in Cyprus have been frozen and ATMs are all empty.  The countries legislators will vote on this tomorrow and it is expected to pass.  Cypriot banks have long been tax shelters and places to hide ill gotten gains for eastern European crime syndicates.

Interestingly both Manwin and AVN are headquartered (officially) in Cyprus.  AVN’s Theo Sapoutzis is a Cypriot.

Manwin has been in the process of relocating it’s headquarters to Dublin, Ireland but they apparently still have cash assets in Cyprus.

Looks like people are going to have to look elsewhere to launder money now…..