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17 May 2010 10:41

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17 May 2010 10:36

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Biz: Don’t expect credit companies to give up the war on card fees

  • They plan to keep fighting for them. The interchange fees, which merchants often complain about as being too high for certain transactions, could put a big crimp in Visa and MasterCard’s bottom line if regulated as part of a broader financial reform package. “We lost this battle. It’s a big battle,” said MasterCard’s President for U.S. Markets Chris McWilton. “But the war wages on and we’ll be working really hard over the next week or so to stop this.” If you own a small business, watch this battle. source

17 May 2010 10:18

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Politics: Did the mass media fly over the Nashville floods?

  • You get Tennessee pride and the feeling that if there was looting here, the national media would be all over it. I think that’s unfair, but that’s the way some people view it.
  • Tennessean editor Mark Silverman • Regarding the way that the mainstream media mostly glossed over a huge story – a massive flood in Nashville that killed 30 people. But why? The simple answer is that there were seemingly bigger, more nuanced stories happening that week, and a major flood seems old hat. It’s absolutely the worst way to think about it, but it seemingly couldn’t compete with terrorism (the failed Times Square bombing, where nobody died) or a slightly-more-epic disaster (the BP oil spill). The truth is, though, the story got underplayed by the usual suspects, to the point where Anderson Cooper took his crew down there later in the week and apologized for not getting down there sooner. source

17 May 2010 09:52

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World: Thailand set a deadline for the Red Shirts to leave. Did it work?

  • NO around 5,000 protesters are
    still in the streets source

17 May 2010 09:47

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World: Iran just blew everyone’s minds with their agreeability

  • before Iran seemed close to reaching
    a deal on enriching 2,640 pounds
    of uranium that pleased the West,
    then got all grumblely. Then it
    enriched more uranium.
  • now Iran actually signed an agreement
    with Turkey and Brazil to do
    basically the same thing, which
    is surprising, but now they have
    more uranium. source

17 May 2010 09:38

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Biz: GM’s financial outlook: What a difference a bailout makes

  • 40% increase in quarterly sales
    for the automaker
  • $865
    million
    the company’s profits this quarter, their first since 2007
  • $6
    billion
    the company’s losses in the same quarter a year ago source

17 May 2010 00:51

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Offbeat: Winnebago Man’s bad day is leading to a pretty good year

  • This classic of viral video form has been floating around the Web for a solid half-decade or so. Winnebago Man, a.k.a. Jack Rebney, proved himself the master of profanity in the above video, a clip Conan O’Brien named one of his favorite YouTube clips as part of their fifth anniversary celebration, and will get a banner treatment later this year as part of the awesome-sounding documentary “Winnebago Man.” True story: The guy now lives on a mountain. source