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28 Feb 2009 10:21

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Biz: Elie Wiesel: Not a big Bernard Madoff fan

  • ‘Sociopath,’ ‘psychopath,’ it means there is a sickness, a pathology. This man knew what he was doing. I would simply call him thief, scoundrel, criminal.
  • Elie Wiesel • Talking about Bernard Madoff, who made off with $15 million from Wiesel’s charity organization as part of the $50 billion he stole from investors. Wiesel, a Holocaust survivor and Nobel Prize-winning writer, says Madoff should be held in solitary confinement with pictures of his victims constantly showing on a screen. • source
Posted by Ernie Smith • 0 Comments • Permalink

27 Feb 2009 15:42

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Biz: Reenactment of what happened to Stanford’s funds: *poof*

  • $8
    billion     amount R. Allen Stanford’s company sold in certificates of deposit over the years. source
Posted by Ernie Smith • 0 Comments • Permalink

27 Feb 2009 14:40

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Biz, U.S.: Know your hipster neighborhood? It’s dying out.

  • Decemberists no more Early this decade, it was a new tale of urban bohemia. Neighborhoods in cities across the country were starting to become hip, complete with flower shops, coffee huts, boutiques full of random crap you’d never buy, and so on and so forth. Still cool middle-age white people going to Whole Foods. And they were all listening to indie rock and growing neckbeards. source
  • Decemberists no more Early this decade, it was a new tale of urban bohemia. Neighborhoods in cities across the country were starting to become hip, complete with flower shops, coffee huts, boutiques full of random crap you’d never buy, and so on and so forth. Still cool middle-age white people going to Whole Foods. And they were all listening to indie rock and growing neckbeards.
  • The economy of suck One neighborhood, Los Angeles’ Eagle Rock, is a good example of the downward trend. The recession, killing home prices nationwide, is also having an effect on the shops that hipsters descend upon while listening to Rilo Kiley on their iPhones and drinking their vegan mochas. Eagle Rock lost many of their cool shops recently due to economic turmoil. source
  • Decemberists no more Early this decade, it was a new tale of urban bohemia. Neighborhoods in cities across the country were starting to become hip, complete with flower shops, coffee huts, boutiques full of random crap you’d never buy, and so on and so forth. Still cool middle-age white people going to Whole Foods. And they were all listening to indie rock and growing neckbeards.
  • The economy of suck One neighborhood, Los Angeles’ Eagle Rock, is a good example of the downward trend. The recession, killing home prices nationwide, is also having an effect on the shops that hipsters descend upon while listening to Rilo Kiley on their iPhones and drinking their vegan mochas. Eagle Rock lost many of their cool shops recently due to economic turmoil.
  • How residents feel Residents are, admittedly, kind of sad about the loss, even if they’ve found it tough to actually shop there due to constricting wallet size. Eagle Rock resident Emily Cook, a screenwriter, lamented the loss of scene but has learned to live without it. “When we first moved here,” she said, “I wanted it to be cool. But that stuff doesn’t matter anymore.” source
Posted by Ernie Smith • 0 Comments • Permalink

27 Feb 2009 10:22

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Biz, U.S.: This last Rocky cover is really sad. Like really. :(

You just want to give the staff a big hug and say everything will be OK. source
Posted by Ernie Smith • 0 Comments • Permalink

27 Feb 2009 10:14

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Biz, U.S.: The GDP’s free, free-fallin’! Oh, free-fallin’ … free fallin’!

  • 6.2% decline in the GDP in 4Q of 2008. Oof. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Feb 2009 22:38

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Biz, U.S.: OK, last newspaper article for now: Who killed the Rocky?

This site uses AJAX to pin blame on the death of the Rocky. Scripps is winning. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Feb 2009 22:31

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Biz, U.S.: Are newspaper JOAs a dying breed? Denver hints at it.

  • What are JOAs? Joint operating agreements were implemented in the 1970s as a way to help two-newspaper towns retain multiple journalistic voices. More than two dozen cities across the country used JOAs as a way to separate the advertising from the journalism. source
  • What are JOAs? Joint operating agreements were implemented in the 1970s as a way to help two-newspaper towns retain multiple journalistic voices. More than two dozen cities across the country used JOAs as a way to separate the advertising from the journalism.
  • Failing left & right JOAs once helped Detroit, Denver and Seattle keep their newspapers alive. All three are struggling to stay afloat. Denver, obviously, just closed the Rocky. Detroit is cutting back deliveries to three days a week. And Seattle could lose the Post-Intelligencer. source
  • What are JOAs? Joint operating agreements were implemented in the 1970s as a way to help two-newspaper towns retain multiple journalistic voices. More than two dozen cities across the country used JOAs as a way to separate the advertising from the journalism.
  • Failing left & right JOAs once helped Detroit, Denver and Seattle keep their newspapers alive. All three are struggling to stay afloat. Denver, obviously, just closed the Rocky. Detroit is cutting back deliveries to three days a week. And Seattle could lose the Post-Intelligencer.
  • Why it didn’t work SImple – the system eventually didn’t make economic sense. The advertisers would favor one paper over the other, and the stronger paper would eventually hold the weaker one up. E.W. Scripps, by they way, has been involved in half a dozen failed JOAs. source
Posted by Ernie Smith • 0 Comments • Permalink
 

26 Feb 2009 22:10

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Biz, U.S.: Key stats of the dying Rocky Mountain News

  • 150 years old, the age of the newspaper, the oldest in the state of Colorado. Well, almost – the Rocky died just before it could reach the mark. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Feb 2009 21:52

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Biz, U.S.: Scripps CEO on the Rocky’s death: Denver not a two-paper town

  • Denver can’t support two newspapers any longer. It’s certainly not good news for you, and it’s certainly not good news for Denver.
  • Rich Boehne • CEO of E.W. Scripps Co., on why the company that decided to close one of the city’s two daily newspapers. *Eyeroll* • source
Posted by Ernie Smith • 0 Comments • Permalink

26 Feb 2009 21:45

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Biz, U.S.: Hey Denver! You’re losing a newspaper. You should complain.

  • Here’s where to write your angry letters. The Rocky Mountain News, the oldest paper in Colorado is shutting down tomorrow. Like, that’s it. One day of notice. Because that’s the least-abrupt way to go. Call this number and jam up their lines: (513) 977-3000. Write the address here. And tell them how much you appreciate them removing the Rocky Mountain News from your life. Save the nicest words for E.W. Scripps president Richard A. Boehne. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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