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21 Jul 2009 09:47

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Biz, U.S.: Small businesses feel a little shafted by Obama’s bailout plans

  • Most of the help has been in the form of supporting loans, but we’re not looking for loans right now. We’re not looking to heavily invest in equipment. We’re just trying to keep our doors open.
  • Kelli Glasser, president of Dayton, Oh.-based Exhibit Concepts • On the struggles she’s faced in trying to keep her small business alive during the recession. CIT Group’s near-collapse after the government chose not to bail them out left many small businesses in danger of being unable to leave their doors open. And while large companies get all the headlines, small companies still make up 99.7 of ALL employers in the U.S. • source

20 Jul 2009 12:36

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Biz, Tech: Has the RIAA finally come around to seeing DRM as bad?

  • All DRM has ever done is annoy consumers who actually paid for their music. No single piece of DRM has ever stopped anyone from pirating music, it’s quite the opposite as the music industry now realizes.
  • TorrentFreak’s Ernesto • Discussing the demise of the Recording Industry Association of America’s reliance on digital rights management to protect its content. In recent months, the music industry group has abandoned the approach: In an upcoming issue of SCMagazine, chief spokesperson Jonathan Lamy says, “DRM is dead, isn’t it?” That sounds pretty definitive to us. • source

20 Jul 2009 11:40

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Biz: CIT Group may get that bailout they were looking for

  • $3 billion in funds from investors to rescue the small-biz lender source

20 Jul 2009 11:36

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Biz, Tech: It’s like a dime-store novel, except it’s about Facebook

  • Had he really just watched Mark Zuckerberg — reticent, socially awkward Mark — go home with a Victoria’s Secret model? It was the clearest sign yet that Facebook was going to be the biggest thing in the world.
  • A sample from Ben Mezrich’s “The Accidental Billionaires: The Founding of Facebook A Tale of Sex, Money, Genius and Betrayal” • Regarding co-founder Eduardo Saverin’s shock that Mark Zuckerberg’s getting laid by a Victoria’s Secret model during their first summer in Silicon Valley. Who knows if this is true, but man, it makes for an entertaining read. Check out the full excerpt at the link. • source

20 Jul 2009 10:42

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Biz: Sketchy subprime mortgagers try to screw already-screwed people

  • Companies offer subprime mortgages that allow tons of people to get homes that they can’t afford. The companies make out like bandits, but when the housing bubble bursts, those homeowners are screwed. This is pretty evil. source
  • Not afraid to kick already-lowered people or stick the knife further into their backs, the people behind the subprime mortgage companies start new loan-fixing companies, then fail to follow through on promised loan fixes. This is beyond evil. source

19 Jul 2009 15:34

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Biz: Why Exxon is an evil, unbelievably greedy company

  • Over the years, Exxon Mobil has been making major profits at levels larger than most of the countries in the world. They’re No. 2 on Fortune’s Global 500. source
  • Over the last 17 years, after a deal that went sour, they’ve actively sabotaged oil fields in Texas, filling them with junk and plugging up wells with explosives. source
  • In response to all of this, the company could have to pay some $1 billion in fines to the state – which, considering, seems a bit like a slap on the wrist. source

19 Jul 2009 14:23

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Biz, Tech: The search collaboration that wasn’t may be back on

 

17 Jul 2009 14:39

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Biz: Another bank with big profits: Citigroup can credit fortunate math

  • $4.3 billion size of Citi’s second-quarter profit – no profit was expected for the company at all source

17 Jul 2009 11:05

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Biz, U.S.: Michigan hits a level of unemployment few states have hit

  • 15.2% the highest level in any state since 1984 source

16 Jul 2009 20:43

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Biz: This guy’s “augmented reality” business card is kinda trippin’ us out

  • Well isn’t he just a fancy pants. James Alliban, an ActionScript developer from London, has created one of the trippiest business cards we have ever seen using something called “augmented reality.” We don’t really get how it works, but Muggles probably aren’t supposed to anyway. source