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12 Feb 2009 10:02

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Biz, U.S.: Timothy Geithner brushes himself off and plans to try again

  • If that means that there is going to be disappointment with the level of details until we get it right, I will live with that disappointment because it is better than the alternative.
  • Timothy Geithner • Treasury secretary, who shrugged off the negative reaction to his bailout plan, which he announced Tuesday. • source
Posted by Ernie Smith • 0 Comments • Permalink

11 Feb 2009 21:30

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Biz: Bernard Madoff’s wife: Cashing out when it’s crashing down?

  • $15 million was taken out before her hubby was arrested source
Posted by Ernie Smith • 0 Comments • Permalink

11 Feb 2009 11:00

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Biz: Sirius XM could go bankrupt. Here’s why.

  • $3.25 billion in debt for the company, which merged together one last year. It has $5 billion in assets and 20 million subscribers. source
Posted by Ernie Smith • 0 Comments • Permalink

11 Feb 2009 10:38

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Biz, Culture: Calvin & Hobbes: Ahead of its time on the economy

The years-old comic strip seems to know what led to the economic crisis. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2009 22:15

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Biz, Offbeat: Pepsi absurdly overthought their rebranding campaign

Yes, they compared the freaking logo to a planet. They paid money for this? source
Posted by Ernie Smith • 8 Comments • Permalink

10 Feb 2009 21:08

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Biz, U.S.: The stock market didn’t like the bailout plan, either

  • $1 trillion the size of the plan Geithner proposed; he was sparse when it came to the details of the plan source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2009 20:59

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Biz, U.S.: Experts didn’t like the bailout plan

  • This policy is just inadequate. The first quarter is just going to be grotesque for the banks – and then we’re going to have to have this discussion all over again.
  • Chris Whalen • A managing director at financial research provider Institutional Risk Analytics, on Treasury Secretary Timothy Geithner’s bailout plan, which proved to be highly unpopular on its announcement. • source
Posted by Ernie Smith • 0 Comments • Permalink
 

10 Feb 2009 20:38

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Biz: How big is the proposed Ticketmaster/Live Nation merger?

  • $2.5 billion in market value (plus convenience charge) source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2009 10:52

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Biz, Music: Licensing the legend of reggae icon Bob Marley

  • Building a brand around a counterculture figure. Bob Marley stood for peace and love, but he might just stand for beer and headphones, if a private equity firm has its way. Hilco Consumer Capital recently took half-ownership of Marley’s name, and they plan to market the heck out of it. They also own Linens-n-Things, so you know that they clearly have his best interests in mind. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2009 10:18

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Biz: We don’t care if Starbucks has breakfast combos now. They still suck.

  • A full meal, only $3.95 Starbucks claims that the cruddy economy has inspired them to do something they’ve never done before: Offer fast-food-style combos. For $3.95, you get a 12 oz. coffee and a breakfast sandwich. Or a 12 oz. latte and oatmeal or a roll. About time they gave into their mediocrity. source
  • A full meal, only $3.95 Starbucks claims that the cruddy economy has inspired them to do something they’ve never done before: Offer fast-food-style combos. For $3.95, you get a 12 oz. coffee and a breakfast sandwich. Or a 12 oz. latte and oatmeal or a roll. About time they gave into their mediocrity.
  • Price readjustment The company, which built its brand on charging people a crapload of money for a really fancy drink, has tried to change course recently to match the prices of less-cool competitors like Dunkin’ Donuts and McDonald’s. Oh, and they had lots of layoffs recently. source
Posted by Ernie Smith • 4 Comments • Permalink
 
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