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06 Aug 2009 11:19

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Biz, U.S.: We’re gonna show a good number, then offset it with a bad one.

  • -38,000 the decline in initial jobless claims the week ending Aug. 1 – more than economists predicted source
Posted by Ernie Smith • 6 Comments • Permalink

06 Aug 2009 11:10

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Biz: Rupert Murdoch is talking about charging for content, too

  • He has slightly more sense about it than AP, though. Murdoch, smarting from huge declines in News Corp. this quarter, wants to start charging for all of his news products within the next year. But rather than simply a blanket “let’s screw everyone” approach (though he’s saying that, too, suggesting “furious litigation”), he wants to do it by differentiating the content of his products from what you can get for free. He should have an easy time with that, as his products tend to break a lot of big stories, especially when it comes to celebrity news. Still, though … don’t just close the doors, man. Figure out ways to let the outside world in. source
Posted by Ernie Smith • 0 Comments • Permalink

06 Aug 2009 01:12

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Biz, Sports: “Phil Mickelson, what’s next for you?” “I’m buying a Waffle House!”

  • Tending to his wife The last six weeks saw Phil Mickelson far away from golf, tending to his wife Amy and his mom, who have both been fighting cancer. He’s glad to be back at it again. “We’ve had a great six weeks,” he said. “We’re in a much better place now than we were. I’m excited about that. I’m excited about the chance to play a little golf, too.” source
  • Tending to his wife The last six weeks saw Phil Mickelson far away from golf, tending to his wife Amy and his mom, who have both been fighting cancer. He’s glad to be back at it again. “We’ve had a great six weeks,” he said. “We’re in a much better place now than we were. I’m excited about that. I’m excited about the chance to play a little golf, too.”
  • Tending to his waffles While his mind’s been off the golf links, his mind’s apparently been on sausage links. Tiger’s greatest foe is part of a group looking to buy SouthEast Waffles, a bankrupt franchisee of 105 Waffle House restaurants. One of his partners was CEO of the company that makes the VeggieTales series. Seriously. We can’t make this up. source
Posted by Ernie Smith • 0 Comments • Permalink

06 Aug 2009 00:55

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Biz, Tech: Radio Shack wants you to forget that it sells radios sometimes

Just because you guys completely alienated the hobbyist segment of your customer base doesn’t mean a cute thumb is gonna make us forget it. source
Posted by Ernie Smith • 0 Comments • Permalink

05 Aug 2009 20:45

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Biz, U.S.: Obama wants to break up the most bankrupt marriage ever

  • Fannie May and Freddie Mac, two government-borne companies designed to help with home ownership and mortgages, were mashed together into government ownership last year (like a bad marriage) as the financial crisis became critical. source
  • Now, the Obama administration is considering splitting them back up again and restructuring them entirely, adding a third company in the mix to handle toxic debt. Obama economy guy Lawrence Summers has long wanted to do this, by the way. source
Posted by Ernie Smith • 0 Comments • Permalink

05 Aug 2009 11:07

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Biz, Tech: Remember how Sirius XM was close to bankruptcy? Neither do we

  • +18% increase in Sirius XM’s stock this week alone, due to high levels of investor optimism source
Posted by Ernie Smith • 0 Comments • Permalink

05 Aug 2009 11:00

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Biz, U.S.: The Treasury Department’s having a fire sale on debt

  • $75 billion in long-term debt is going up for sale; that’s a record source
Posted by Ernie Smith • 0 Comments • Permalink
 

05 Aug 2009 10:31

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Biz, U.S.: Obama’s looking to build incentive for electric cars in the rust belt

  • $2.4 billion amount of money Obama plans to grant to various companies to push electric vehicle manufacturing source
Posted by Ernie Smith • 0 Comments • Permalink

04 Aug 2009 20:44

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Biz: Much like Bill Clinton, Warren Buffett is totally still a pimp

  • $1 billion profit for Berkshire Hathaway from a Chinese car maker source
Posted by Ernie Smith • 0 Comments • Permalink

04 Aug 2009 10:44

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Biz, Tech: AP: Charging for quotes it doesn’t own, going into PR spin mode

  • If nature has made any one thing less susceptible than all others of exclusive property, it is the action of the thinking power called an idea.
  • Thomas Jefferson • Quoted by blogger James Grimmelmann, who used that handy-dandy quote-charging system to see if Associated Press would charge him to pay for a quote they didn’t even use in a story. Not only did they do it (for $12), they returned his money, then made a statement about it. (He smartly responded back.) Sure, they’re not attacking bloggers. That’s what they say. But we can see the precedent and the crosshairs. It’s just not good for the Internet, guys. Our ban on their content stands. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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