With the stock market in a tailspin, blog blowhard Jason Calacanis dismisses any impact a possible recession would have on his own startup, Mahalo: "No, no layoffs. That's why I raised 5 years of funding. Mahalo is recession proof ... will execute on plan based on goals not market." By recession-proof, Calacanis must mean his startup, dependent on advertising and prone to overspending on trivial tasks, will lose money for years, recession or not. [Twitter]