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24 Mar 2009 09:37

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Biz, U.S.: N.Y. Attorney General wants, but can’t get, all the AIG bonuses back

  • We have a very aggressive theory about our jurisdiction, but we don’t have a theory that gets us to London.
  • Andrew Cuomo • N.Y. Attorney General, on his plan to get the AIG bonuses back. Unfortunately, he doesn’t think he can legally get money back from AIG’s financial products division, which is based in London and was largely responsible for the credit-default swaps which got us in this mess. • source
Posted by Ernie Smith • 0 Comments • Permalink

24 Mar 2009 09:30

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Biz, U.S.: Most of AIG’s top ten bonuses will be given back

  • nine execs have agreed to give their AIG bonuses back; the tenth guy didn’t. Let’s beat him up! source
Posted by Ernie Smith • 0 Comments • Permalink

23 Mar 2009 22:18

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Biz, U.S.: Timothy Geithner, isn’t it nice that today didn’t blow up in your face?

  • Last month, Geithner released an economic plan short on details and high on hope. Wall Street didn’t like that. source
  • This month, Geithner actually released a detailed plan that said what they were gonna do. Wall Street liked that. source
Posted by Ernie Smith • 0 Comments • Permalink

23 Mar 2009 21:54

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Biz, U.S.: The stock market really liked the bailout news a lot

  • +497 we had a good day, now it’s time to party! source
Posted by Ernie Smith • 0 Comments • Permalink

23 Mar 2009 10:53

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Biz, U.S.: Well, something’s looking up econonomically: Home resales

  • 5.1% the unexpected increase in home resales in February source
Posted by Ernie Smith • 0 Comments • Permalink

23 Mar 2009 10:23

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Biz, U.S.: The Obama administration has a plan for toxic assets. Hoo-ray!

  • $500 billion amount the Obama administration wants to spend to buy back toxic assets, to later resell source
Posted by Ernie Smith • 0 Comments • Permalink

22 Mar 2009 23:59

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Biz: Yesterday, we tried to come up with innovative ad models.

Revenue 2.0 rocked. Here’s our attempt at an improved version of Craigslist for newspapers. Tell us what you think. source
Posted by Ernie Smith • 0 Comments • Permalink
 

22 Mar 2009 12:00

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Biz, U.S.: The government is getting private help with those toxic assets

  • “We simply – we simply need them.” Christina Romer, an economic adviser for Obama, chatted with “Fox News Sunday” about the nature of “toxic,” i.e. uncertain, assets. Private investors are doing the administration a favor, she says, by not forcing the government to carry all of the weight of the toxic assets. Good for them. We’ll buy those investors a beer (probably a PBR; times are tough) next time we see them in our local dive bar. source
Posted by Ernie Smith • 0 Comments • Permalink

21 Mar 2009 21:06

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Biz, Offbeat: Forget the economy – this dude is the worst son ever.

  • 2 number of times Greg Holloway has fired his dad recently source
Posted by Ernie Smith • 0 Comments • Permalink

21 Mar 2009 21:04

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Biz: This fight between sweeteners is getting pretty bitter

  • Back in the ’80s, sugar found itself up against a new competitor, high fructose corn syrup. Sugar struggled for a while but has made a comeback. source
  • Recently, high fructose corn syrup has been getting much criticism in public for its possible ill health effects, which has helped sugar’s popularity. source
  • The corn industry has attempted to fight the bad buzz against its product with Web sites and commercials defending its sweetener of choice. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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