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10 May 2010 10:57

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Biz: Which mortgage firm is asking for another government handout?

The company lost $13.1 billion in their last quarter, so now they’re hitting up the government for another $8.4 billion. Fannie’s too big to fail. source

10 May 2010 10:50

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Biz: Europe’s debt response gave U.S. stocks the bounceback they needed

  • 3.6% the current increase for the Dow Jones Industrial
  • 3.98% the boost for the S&P 500 thanks to Europe’s debt crisis response
  • 4.29% the current increase for the Nasdaq; this matches global markets source

10 May 2010 10:30

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Tech: Android outsells iPhone in the U.S., but BlackBerry outsells them both

  • 33% of smartphone sales are made by BlackBerry maker RIM
  • 28% of smartphone sales are various phones that run on Google’s Android OS
  • 21% of smartphone sales are made by Apple; note the lack of Microsoft source
  • » Red herring?: Before we go gaga over these sales numbers, one thing to keep in mind is that Apple only sells one phone, whereas Research in Motion has a whole lineup of phones and Android is used by numerous companies. Business Insider sees a different (and also probably accurate) conclusion: Apple needs to get their phone on Verizon, like yesterday.

10 May 2010 10:20

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Politics: Here’s the conservative spin on SCOTUS nominee Elena Kagan

  • Among Supreme Court nominees over the last 50 years or more, Kagan may well be the nominee with the least amount of relevant experience.
  • Ethics and Public Policy Center president Ed Whelan • Regarding Elena Kagan’s nomination to the Supreme Court. Technically, he’s right – she hasn’t been a judge unlike any of the other justices. In fact, she’s an aberration because many presidents have been wary of nominating a Supreme Court justice without a history of judicial decisions under their belt. That said, her resume is pretty stacked otherwise. We’re guessing that someone who’s worked as the dean of Harvard’s law school and as the Solicitor General probably knows a thing or two about making astute legal decisions. source

10 May 2010 10:08

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Biz: As expected, the market loved Europe’s response to the debt crisis

  • 3% the worldwide stock increase after Europe put its full financial might behind the debt crisis
  • 2% the amount the Euro gained on the dollar; in recent days, it had been floundering source

10 May 2010 09:59

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Biz: How Thursday’s “flash crash” might have happened

  • one A bunch of sell
    requests went in
    all at once. These trades were made automatically using computers.
  • two The older New York
    Stock Exchange’s
    circuit breaker went
    off – an automated
    attempt to cool off
    the market.
  • three The computers
    didn’t understand
    this, and totally
    freaked out
    because of the
    lack of buyers.
  • four The stock market
    “flash crash” sped
    up. In other words,
    one system didn’t
    understand the
    other. source

09 May 2010 22:29

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Politics: Max Headroom: Meet the kind of guy who posts news videos all day

  • This bearded dude may not look like much, but he’s kind of a big deal. This guy runs a YouTube channel called MoxNews.com, which has posted hundreds of political videos like the kind we post here every week. He’s a bit of an obsessive about it (and argues the world might end after 2012), but he finds some really great news content. (And he needs money. You should donate.) The guy who ran the similar NewsPolitics YouTube channel got a job as a video editor for the excellent Mediaite and has turned that site into a huge hit. Why shouldn’t this guy get hooked up by Dan Abrams too? Just sayin’. Here are some recent clips from Mr. MoxNews’ YouTube channel.

  • Can Jesus be funnY? This priest on “Fox and Friends” seems offended by the idea that one can make fun of Jesus Christ, as Comedy Central is currently planning. He hurts his cause by suggesting a funny comedy couldn’t be made about presidential infidelity. Did this dude forget the Clinton years?
  • Oops, wrong guy!This MoxNews clip of a Seattle beating drew nearly 50,000 views in just two days. In the clip, police officers hold a man who was possibly a suspect in an armed robbery. Before they even know if he’s their guy, officers kick and stomp on him, injuring him. By the way, he wasn’t their guy.
  • Ron paul: I called it! The congressman and 2008 presidential candidate has been going on and on for years about overspending and too much debt causing the downfall of the world, so guess who Fox News called when they needed to talk to somebody about the Greece debt crisis? That’s right, Ron Paul.
 

09 May 2010 22:24

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U.S.: Five reasons why Elena Kagan is an obvious SCOTUS pick

  • one She’s 50, exactly the right age to run for the court. She’d grow really old there.
  • two Loaded with a stellar resume he has an East Coast background, like other justices.
  • three She’s solicitor general. She already argues high court cases for Obama.
  • four She’s already faced the Senate already, meaning confirmation will be fairly easy.
  • five People have been talking about her getting the job like it’s already a given. source

09 May 2010 22:14

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09 May 2010 21:28

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Biz: The European Union throws a ton of money at debt crisis

  • 720B
    could get loaned to European countries greatly affected by the debt crisis
  • 440B
    the amount European countries will make available; the EU will loan €60 billion
  • 220B more could come from the Greece-helping International Monetary Fund source