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22 Aug 2009 17:25

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Biz, U.S.: Clunker owners descend upon auto dealers in a last-minute rush

  • Because waiting until the last second always works out. After the announcement of the end of the Cash for Clunkers program on Monday, this weekend was destined to be a busy weekend for dealers, both from a purchasing and paperwork angle. While the program doesn’t end until Monday, many dealers were ending the program today to deal with the continued paperwork bottleneck the program itself is facing. “It’s the paperwork that’s the biggest pain in the neck,” said Neil Krieger, a Jim Ellis auto salesman based in the Atlanta area. source
Posted by Ernie Smith • 0 Comments • Permalink

22 Aug 2009 11:34

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Biz: We really don’t lean either way on the Whole Foods debate

  • A lot of people have been paying a premium for the Whole Foods brand for years. A lot of people are sad to look at this corporation and see that it is just like any other, if not worse.
  • “Boycott Whole Foods” group founder Mark Rosenthal • Discussing the brand that set off a healthy round of Internet rage over the last week and a half. Since it launched, the group has gotten thousands of granola-eating hippie types in its grasp, angry that John Mackey, the guy who founded the company which they rely on for organic food, is actually a libertarian who doesn’t support universal health care. Personally, we feel like, while both sides have a point and Mackey should’ve kept his mouth shut, this debate is just getting more play now because the debate over universal health care has gotten so out of hand. Sigh. • source
Posted by Ernie Smith • 0 Comments • Permalink

22 Aug 2009 11:17

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Biz: We’ve been boycotting the “Boycott Whole Foods” story – until now

  • 23,947 are boycotting it on Facebook source
Posted by Ernie Smith • 0 Comments • Permalink

21 Aug 2009 20:06

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Biz, Sports: The Cubs can’t win the World Series, but they can lose Sam Zell

  • $845 million to lose a tiny bit of Tribune’s debt source
Posted by Ernie Smith • 0 Comments • Permalink

21 Aug 2009 11:09

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Biz: Existing homes sold astonishingly well last month, guys.

  • 7.2% increase in existing home sales in July; nice leap source
Posted by Ernie Smith • 0 Comments • Permalink

20 Aug 2009 21:02

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Biz: Whoa. Starbucks is going to actually cut prices on some drinks!

  • Drinks like small coffees and lattes should go down by 5-10¢, on average. It’s the first price decrease in the company’s history. source
  • Drinks like Frappuccinos go up by a quarter in most markets; other drinks will go up 10-15¢. Doesn’t matter; they still suck. source
Posted by Ernie Smith • 0 Comments • Permalink

20 Aug 2009 20:50

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Biz, U.S.: Cash for Clunkers over: It’s so hard to say goodbye to yesterday-eeeee

  • 457,000 clunkers number of cars accepted into one of the Obama administration’s most popular programs source
Posted by Ernie Smith • 0 Comments • Permalink
 

20 Aug 2009 02:34

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Biz: The Big Mac has some hot competition from Carl’s Jr.

On the left, new hotness, bigger footprint, more cheese, more sauce, etc. On the right, old hotness. We’re vegetarian; we’re not eating either. source
Posted by Ernie Smith • 0 Comments • Permalink

19 Aug 2009 10:50

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Biz, U.S.: Warren Buffett sez this ballooning federal debt is dangerous

  • Enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects. For now, most of those effects are invisible and could indeed remain latent for a long time. Still, their threat may be as ominous as that posed by the financial crisis itself.
  • Financial smart guy Warren Buffett • Describing why we should be concerned about the high amount of debt currently floating around our economy. He says that we’re in “uncharted territory” and that the effects of the debt could nearly be as bad as the financial crisis itself. Before you discount it, remember that Buffett knows what he’s talking about. • source
Posted by Ernie Smith • 0 Comments • Permalink

18 Aug 2009 10:38

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Biz: Sam Zell screwed up Tribune. Now creditors might kick him out.

  • No agreements have been reached to date. Sam, as well as the rest of the management team, remain actively engaged and committed to Tribune. The restructuring is still in progress and it is premature to speculate about the company’s final ownership structure.
  • A statement from a Tribune Company spokesman • In response to reports that Sam Zell, who orchestrated a leveraged buyout of the company only to see the investment go bankrupt, would be ousted from the company. He’s under a lot of pressure from creditors, who are owed $8.6 billion in debt. And beyond that, he screwed an entire chain of newspapers in less than two years, causing thousands of people not in Chicago to lose their jobs because he bought the company with money he didn’t have. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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