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26 Feb 2009 10:14

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Biz, U.S.: Here’s some, um, rosy unemployment numbers

  • 667,000 first-time unemployment applications last week; that the highest it’s been since 1982 source
Posted by Ernie Smith • 0 Comments • Permalink

26 Feb 2009 10:08

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Biz: How is it possible to lose this much money, GM?

  • $9.6 billion loss in the 4Q alone; WTF guys? That isn’t cool. source
Posted by Ernie Smith • 0 Comments • Permalink

25 Feb 2009 22:36

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Biz: This newspaper industry quote just made us cry. :(

  • Newsrooms become like families, but companies in every industry reach a point where they face fundamental, sometimes harsh change in order to preserve their viability. We are at that point.
  • Robert Rivard • Editor of the San Antonio Express-News, in a memo to employees. The Express-News just laid off 75 people in their newsroom today. Seventy-five. Seventy-five. Seventy-five. Do I need to write it again? Seventy-five. It’s not even the only news-industry layoff today. • source
Posted by Ernie Smith • 0 Comments • Permalink

25 Feb 2009 22:24

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Biz: Hey, it’s not all bad, guys! Just look at Dollar Tree!

The top-tier dollar store has profits up 11%. Wonder why they’re doing so well. source
Posted by Ernie Smith • 2 Comments • Permalink

25 Feb 2009 22:12

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Biz: So, how much does the stock market suck right now?

  • -9.1% this month; should we form bread lines? :( source
Posted by Ernie Smith • 0 Comments • Permalink

25 Feb 2009 10:54

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Biz, U.S.: More newspaper death and destruction – in San Francisco

  • The Chronicle’s screwed The San Francisco Chronicle, one of the largest papers in the country, has been bleeding money for years. It lost a modest $50 million last year. Yesterday, it told its staff that it either must cut costs significantly, including workers, or it will die. At the least, it will probably sell. source
  • The Chronicle’s screwed The San Francisco Chronicle, one of the largest papers in the country, has been bleeding money for years. It lost a modest $50 million last year. Yesterday, it told its staff that it either must cut costs significantly, including workers, or it will die. At the least, it will probably sell.
  • The industry sucks A long list of papers, including ones in major cities like Seattle and Denver, are also on death watch right now, and they may not make it through the next month, let alone the next year. Hate to say it, but Mark Andreessen is sounding more right by the day. source
Posted by Ernie Smith • 0 Comments • Permalink

25 Feb 2009 09:53

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Biz, U.S.: Need something to do this weekend? Go to a Chicago Tea Party!

Fifteen Rick Santelli tea parties, just this weekend. Couldn’t wait ’til July. He must be proud. source
Posted by Ernie Smith • 0 Comments • Permalink
 

24 Feb 2009 01:15

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Biz, Tech: Not to pick on Microsoft again, but …

… they make it sooooooo easy for us. ElevateAmerica is coming from the right place, though. source
Posted by Ernie Smith • 0 Comments • Permalink

24 Feb 2009 01:08

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Biz, U.S.: Dear Associated Press: This is a reeeeeallly stupid idea

  • Can I imagine content going behind a pay wall? Absolutely. And, yes, we are in conversations about that.
  • Tom Curley • The short-sighted, probably fat CEO of Associated Press who doesn’t see the big picture and wants to start charging for content. Good God, if the industry is thinking like this, maybe Marc Andreessen is onto something. • source
Posted by Ernie Smith • 2 Comments • Permalink

23 Feb 2009 21:44

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Biz, Tech: Netscape founder says print is dead. Screw you, buddy!

  • Stop the presses tomorrow. I’ll tell you what. The stocks would go up. Look at what’s happened to the stocks. This investors are through this. The investors are through the transition.
  • Marc Andreessen • The guy behind NCSA Mosaic, Netscape and Ning, talking about how newspapers should stop killing dead trees on Charlie Rose. Clearly, he’s optimistic. • source
Posted by Ernie Smith • 1 Comment • Permalink
 
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