Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on TwitterBe a Facebook FanTumble us!

14 Aug 2009 12:16

tags

Biz, Tech: Like a bean bag chair, Apple’s sitting on a big pile of cash

  • $31.1 billion reserves; Steve Jobs is holding out on us source

14 Aug 2009 11:07

tags

Biz, U.S.: Need twenty bucks? Ask these super-rich guys for a loan

  • $702.4 million the amount Blackstone Group LP’s Stephen Schwarzman, made last year, largely from the vesting of equity grants source

14 Aug 2009 10:55

tags

Biz: The New York Times is gonna survive the recession using wine (and cheese)

nytwineclub0814
  • If you can’t sell papers, sell wine. That seems to be the philosophy of the New York Times, which has thrown its hat into the wine club ring, playing into its rep as the snootiest print publication around. We hope the New York Post responds by starting up a hard-liquor-on-the-rocks club.source

13 Aug 2009 11:06

tags

Biz, World: Europe’s recession appears to be slowing down, too

  • -2.5% the decline in Europe’s gross domestic product in the first quarter; the recession hit hard source

13 Aug 2009 09:42

tags

Biz, Music: Vibe Magazine’s phoenix-like rise from the ashes came quick

  • Now Web-focused, with a quarterly magazine. Yesterday, Uptown Media announced that they had agreed to take on both iconic hip-hop rag Vibe Magazine and its Web site. First on the agenda? Site redesign! By the end of the year, they hope to have another print product on the shelves, this time a quarterly publication with a smaller circulation. Vibe stopped printing after a 40% decline in ads bled them dry earlier this year. source

12 Aug 2009 23:41

tags

Biz, Politics: The campaign to kill Glenn Beck’s advertisers is kinda working

  • Former advertisers
    1. State Farm
    2. Lawyers.com
    3. Procter & Gamble
    4. Progressive
    5. S.C. Johnson
    6. GEICO
    7. Men’s Wearhouse
    8. Sargento
    Beck’s advertiser list has been cut significantly after an orchestrated campaign to attack the Fox News talk-show yakker for comments like those in the video above. And it’s had an effect. Thanks to left-leaning organizations like Media Matters taking Beck to task for racist and/or below-the-belt attacks on Barack Obama and Nancy Pelosi, these advertisers are now out.source

12 Aug 2009 21:50

tags

Biz, Tech: If Best Buy lists a HDTV for $9.99, you can bet it doesn’t cost $9.99

  • $1699.99 the usual cost of a 52-inch Samsung HDTV at Best Buy source
 

12 Aug 2009 21:34

tags

Biz, U.S.: The Federal Reserve thinks the economy’s back on track

  • This is a vote of confidence that the credit markets and economic outlook has improved and will show even further improvement down the road.
  • Bank of Tokyo-Mitsubishi UFJ Ltd. CFO Christopher Rupkey • Discussing what the Federal Reserve’s decision to slow down the buying of U.S. Treasuries. This is very good news for the economy, and the economy responded accordingly, with stocks up today. They still plan to continue the $300 billion program, but with an end date of October instead of September. • source

11 Aug 2009 20:05

tags

Biz: All that bad karma catches up to Clear Channel in a big way

  • $3.7 billion in losses for the reason why radio sucks source

11 Aug 2009 11:18

tags

Biz: General Motors claims the Chevy Volt gets unreal gas mileage

  • 230 mpg in cities, says GM … why didn’t they do this sooner? source