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17 Apr 2009 10:25

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Biz: This is why the Associated Press should not fight a copyright war

  • The AP claims copyright ownership in, and makes commercial use of, many photographs that consist almost entirely of copyrighted artwork of Fairey and other artists without permission.
  • Excerpt from “Fairey Answer to AP Counterclaims” • This court document from Shepard Fairey (the guy behind the iconic Obama poster and Obey Giant), among other things, attacks the Associated Press for a double standard. The AP is asking Fairey for compensation for using one of their photos to create his Obama artwork. Fairey then sued to have a court say his art is fair use. The document notes that the AP used his artwork and the artwork of others to create numerous photos which they then sell on their Web site. Double standard, anyone? • source
Posted by Ernie Smith • 2 Comments • Permalink

17 Apr 2009 10:03

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Biz: Citi is back to making profits, but is it sustainable?

  • $1.6 billion Citi’s profits this quarter after over a year of losses and getting bailed out three times by the federal government source
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2009 10:29

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Biz: That guy who bought Tribune, Sam Zell, regrets his decision

  • By definition, if you bought something and it’s now worth a great deal less, you made a mistake and I’m more than willing to say I made a mistake. I was too optimistic in terms of the newspaper’s ability to preserve its position.
  • Sam Zell • Who bought Tribune in 2007, then, burdened by debt, was forced to massively reorganize the company, laying off thousands and bankrupting the company in the process. Good show, chap. • source
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2009 10:25

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Biz: A group of people want to buy Saturn from G.M. Whoo.

If you were an investor, wouldn’t you be interested in taking these cars off the hands of a failed auto giant? source
Posted by Ernie Smith • 2 Comments • Permalink

16 Apr 2009 09:18

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Biz, U.S.: Initial jobless claims are on the decline. (Whew.)

  • -8% decline in new claims in the week ended April 11th source
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2009 09:07

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Biz, U.S.: Obama would shoot himself in the foot with his tax plan

Posted by Ernie Smith • 2 Comments • Permalink

16 Apr 2009 09:00

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Biz, U.S.: Mall owner General Growth goes through general collapse

  • $27 billion in debt – a record real estate bankruptcy. o_O source
Posted by Ernie Smith • 0 Comments • Permalink
 

15 Apr 2009 22:26

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Biz, Offbeat: Yo, fattie, you’re taking up an extra seat! Time to pay double!

  • United joins in the anti-fattie air crusade. Are you really fat. Like, really fat? Fatter than that, even? Say, bigger than a breadbox, or an airplane seat? Well, if your fatness gets you booted off a flight, you’re paying for two on United. They’re not alone in their policy – eight other airlines already do it. United defines obese as, get this, “unable to lower the arm rest and buckle a seat belt with one extension belt.” So, sorry fat people. You’re fat. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Apr 2009 09:36

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Biz: Fiat still isn’t afraid of backing out on the Chrysler deal

  • If unions don’t accept cuts, they may cut out. Fiat is Chrysler’s main hope for survival right now, and they know this, but they still aren’t afraid of playing hardball. If unions don’t want to take cuts, said CEO Sergio Marchionne, “Absolutely we are prepared to walk.” The unions may not have much of a choice, if option B is the dissolution of Chrysler. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Apr 2009 04:18

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Biz, U.S.: Goldman Sachs: Here’s your bailout money back. We don’t need it.

  • $10 billion amount the company returned to the federal government recently source
Posted by Ernie Smith • 0 Comments • Permalink
 
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