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12 May 2009 21:40

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Biz: Bernard Madoff cleared out his bank accounts before his arrest

  • $12 billion mysteriously disappeared from his accounts in 2008 source
Posted by Ernie Smith • 0 Comments • Permalink

12 May 2009 09:42

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Biz: Summer’s closing in. Gas prices are on the rise again.

  • 10% or 20¢, increase in gas prices in the last 14 days source
Posted by Ernie Smith • 0 Comments • Permalink

12 May 2009 08:54

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Biz, Tech: Like big, obtrusive ads? Of course you do. More are coming.

  • In times of recession, online ads get bigger. MSNBC is among the first in a long line of advertisers to switch to wide-format ads that take up full pages and recede, that make sidebars ultra-huge and makes it so that they never go away, ever. They’re all part of a group called the Online Publishers Assocation, which has agreed to use these ads. We have a feeling reading articles on the Internet is going to get annoying, but at least these sites aren’t charging. *sigh* source
Posted by Ernie Smith • 0 Comments • Permalink

12 May 2009 08:45

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Biz, U.S.: The stimulus was supposed to save jobs. It isn’t working.

  • There was all the talk at the time about how the stimulus package wasn’t big enough, and that is true here. It’s barely letting us keep our noses above water.
  • Bill Lyne • Faculty union president of Western Washington University in Bellhingham, Wash. His school is bracing for 400 layoffs of staff members and adjunct faculty – just one example of how the $135 billion to limit layoffs as part of the $787 billion stimulus package is running headfirst into the reality that the states just aren’t making enough in tax revenue. • source
Posted by Ernie Smith • 0 Comments • Permalink

12 May 2009 08:36

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Biz, Tech: This Times Wire is a real live wire of new NYT content

Rather than attempting to look like a newspaper, The New York Times’ new format strikes halfway between Google News and an RSS feed. source
Posted by Ernie Smith • 0 Comments • Permalink

11 May 2009 09:34

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Biz: The New York Times owners may have lost much of their wealth

  • -86% loss of the Sulzburger family fortune, sez the NY Post source
Posted by Ernie Smith • 0 Comments • Permalink

11 May 2009 09:07

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Biz, U.S.: Shaking off TARP: Big banking firms raise stock to pay off U.S.

  • Two reasons why: Investors appear to be buying stocks at the moment, and they want the monkey off their backs. TARP regulations force companies to limit executive pay, which they don’t like. source
  • U.S. Bancorp, Capital One Financial Corp., KeyCorp, Principal Financial Group Inc. and BB&T Corp. all announced plans this morning to raise $7 billion in capital to get the U.S. off their backs. source
Posted by Ernie Smith • 0 Comments • Permalink
 

10 May 2009 22:39

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Biz, U.S.: The Wall Street Journal plans to charge using micropayments

  • It’s a payments system – once we have your details we will be able to charge you according to what you read, in particular, a high price for specialist material.
  • Wall Street Journal Managing Editor Robert Thomson • On his company’s eventual move to a micropayments system online. It’s a system that’s been heavily fought against by readers but makes sense for the WSJ, as they have a history of charging for their content. And since they have Rupert Murdoch as owner, they have a better reason to do it than most. • source
Posted by Ernie Smith • 0 Comments • Permalink

10 May 2009 21:26

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Biz, World: Czech this out: A neat new format for hyperlocal journalism

  • Next month, a bunch of coffee shops will open up around the Czech Republic. source
  • The shops are hybrids between newsrooms and latte-sipping wi-fi palaces. source
  • Reporters can interact with regulars, and regulars can bug editors for help. source
  • And hey, if the journalism thing doesn’t work out, they can fall back on coffee! source
Posted by Ernie Smith • 0 Comments • Permalink

10 May 2009 13:53

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Biz, World: India’s Tata to offer cheap housing to go with your cheap car

Posted by Ernie Smith • 0 Comments • Permalink
 
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