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10 Jul 2009 09:53

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Biz, U.S.: This car chase is a great metaphor for GM’s bankruptcy emergence

  • Imagine the car Mark Hamill is driving is GM. Imagine the cloud of bankruptcy is the black car. And imagine Annie Potts as the government, yawing its way through the whole emergence from bankruptcy. And keep in mind that this 1978 movie is called “Corvette Summer.” And that this morning, GM finally got rid of the jerk tailing them and got Annie Potts home.source
Posted by Ernie Smith • 3 Comments • Permalink

09 Jul 2009 23:36

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Biz, U.S.: The cash-for-clunkers plan is making auto salespeople excited

  • Are we excited about it? Absolutely! We think it is a great opportunity for people to get rid of their clunkers.
  • Cliff Johnson • President of Texas Motors Ford, on the cash-for-clunkers program the Obama administration implemented this year. The plan, which gives consumers up to $4,500 in credit to swap aging vehicles for newer, more fuel-efficient vehicles, has fans all over the map: Consumers, environmentalists, automakers and guys that sell cars for a living. Only the latter category talks like Cliff Johnson, though. • source
Posted by Ernie Smith • 0 Comments • Permalink

09 Jul 2009 20:57

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Biz: Where do banks really make their ill-gotten money? Overdraft fees

  • $20.5 billion the amount banks are expected to make from credit card fees such as overlimit fees in 2009, which will (fortunately) soon be regulated by the federal government source
Posted by Ernie Smith • 0 Comments • Permalink

09 Jul 2009 11:01

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Biz: Hear that sound? It’s AIG’s stock falling further into oblivion

  • zero Citigroup’s analysis of the company’s possible equity value due to the mess they’ve gotten themselves in source
Posted by Ernie Smith • 0 Comments • Permalink

08 Jul 2009 18:19

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Biz: Holy big spending Batman! Social media marketing on the rise

  • $3.1 billion will be spent on the new form of advertising by 2014 source
Posted by Nathalie Heiberg • 0 Comments • Permalink

08 Jul 2009 13:31

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Biz, U.S.: Want to feel kinda depressed? Read these food stamp numbers

  • 33.8 million people are on food stamps right now – that’s a depressing record source
Posted by Ernie Smith • 0 Comments • Permalink

08 Jul 2009 11:00

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Biz: Fortune’s Global 500 proves Big Oil, Wal-Mart has us at the throats

  • seven of the top ten companies on the list are oil companies, with Shell being the biggest; Toyota is No. 10 source
Posted by Ernie Smith • 0 Comments • Permalink
 

08 Jul 2009 10:28

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Biz, Culture: A musician with a bone to pick sez “United Breaks Guitars”

  • Guy named Dave Carroll rides an airplane with his band. Dude checks his $3,500 guitar. United’s baggage-handling staff manhandles said guitar, and a number of people on board see them do it. Guitar is broken. United, despite breaking it, won’t pay for the damages. Guy writes song about it and puts video on YouTube, giving him instant good (and United instant bad) exposure. Who’s really the loser here?source
Posted by Ernie Smith • 3 Comments • Permalink

07 Jul 2009 21:41

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Biz, U.S.: T. Boone Pickens has a lot of wind turbines to give away, guys

  • $2 billion in turbines for a Texas wind farm he’s not building source
Posted by Ernie Smith • 0 Comments • Permalink

07 Jul 2009 21:30

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Biz, Tech: The sad fate of The Printed Blog, an idea loaded with optimism

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  • What it was Right around the time ShortFormBlog launched back in January, a fairly original twisting of the newspaper medium called The Printed Blog launched. We were fast fans, in part because the idea was so loudly original and because it partly felt like the kind of idea we’ve played with in the past. source
  • What it was Right around the time ShortFormBlog launched back in January, a fairly original twisting of the newspaper medium called The Printed Blog launched. We were fast fans, in part because the idea was so loudly original and because it partly felt like the kind of idea we’ve played with in the past.
  • Why it’s dying It’s a victim of the economy and the idea didn’t work. Founder Joshua Karp announced the publication’s fate today, blaming it on a lack of venture capital support. Some, like Gawker (shut up, jerks), are claiming it was because it was a backwards idea. It was crazy, but it wasn’t backwards. source
  • What it was Right around the time ShortFormBlog launched back in January, a fairly original twisting of the newspaper medium called The Printed Blog launched. We were fast fans, in part because the idea was so loudly original and because it partly felt like the kind of idea we’ve played with in the past.
  • Why it’s dying It’s a victim of the economy and the idea didn’t work. Founder Joshua Karp announced the publication’s fate today, blaming it on a lack of venture capital support. Some, like Gawker (shut up, jerks), are claiming it was because it was a backwards idea. It was crazy, but it wasn’t backwards.
  • What we’d do We liked the idea but felt it could have used refinement. We would have used the publication as a guidepost to blog content online rather than straight-up printing blog items. It should’ve used its role as gatekeeper to edit and refine the content – like a newspaper! It might have gotten there, sadly. :( source
Posted by Ernie Smith • 0 Comments • Permalink
 
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