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02 Feb 2009 08:17

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Biz, U.S.: Bits and bytes are nice, but buy a newspaper today.

It’s National Buy a Newspaper Day. In an era of corporate-mandated furloughs, heavy layoffs, cruddy financials and scary quotes from heads of industry groups, newspapers need your help. So do them a favor and plop a couple quarters into a box today. You might help save a job or two. And if you feel like it, do it tomorrow, too. source

Posted by Ernie Smith • 0 Comments • Permalink

02 Feb 2009 01:23

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Biz, U.S.: Sky-high rents in NYC aren’t looking so sky-high anymore

We had a truly un-New York experience with our old landlord begging us to stay.
Tom Botts • a 39-year-old New York City resident who found a drastically different landscape for renting when he and his wife, Libbie Rice, went apartment-hunting. Deals were all over the place, and his old landlord even offered to cut the rent if they stayed. Tenants like Botts are finding significant deals, even free months of rent, in a recession-belabored market. • source

Posted by Ernie Smith • 0 Comments • Permalink

02 Feb 2009 01:15

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Biz, U.S.: Did bailed-out banks hire foreign workers over U.S. citizens?

The numbers suggest it. Just before the economic collapse that required hundreds of billions of dollars in bailouts, banks were attempting to hire foreign workers en masse, an Associated Press investigation recently found. The dozen banks getting the biggest chunks of the $150 billion set aside just for them applied for 21,800 visas in the last six years. That number only increased over time; in fiscal 2008 alone, it was 4,163. source

Posted by Ernie Smith • 0 Comments • Permalink

01 Feb 2009 11:40

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Biz, Culture: NBC’s not feeling the recession when it comes to football

$206 million in ad sales for the Super Bowl, a record source

Posted by Ernie Smith • 0 Comments • Permalink

30 Jan 2009 15:23

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Biz, U.S.: The economy had its biggest freefall in 26 years recently

-3.8% decline in GDP in the 4th quarter of 2008 source

Posted by Ernie Smith • 0 Comments • Permalink

30 Jan 2009 09:18

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Biz: Well, at least the oil industry isn’t struggling, right, Exxon Mobil?

$45 billion in profits for Exxon Mobil in 2008; that’s a record source

Posted by Ernie Smith • 2 Comments • Permalink

30 Jan 2009 08:40

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Biz, Tech: Amazon’s sales are so good, it don’t matter if the Kindle’s ugly

$6.7 billion in sales in the fourth quarter for the online retailer source

Posted by Ernie Smith • 0 Comments • Permalink

29 Jan 2009 17:37

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Biz, Music: Pepsi pays too much money for its Super Bowl ads

$2.6 million for a will.i.am and Bob Dylan duet (WTF?!) source

Posted by Ernie Smith • 0 Comments • Permalink

29 Jan 2009 16:55

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Biz, U.S.: Obama to Wall Street: Massive bonuses are “shameful”

I saw an article today that indicated Wall Street bankers had given themselves $20 billion worth of bonuses. That is the height of irresponsibility. It is shameful.
Barack Obama • in a stern warning to Wall Street telling executives to stop giving themselves big bonuses. The president’s number was a little off; it was actually $18.4 billion, which is still, like, a lot of money. • source

Posted by Ernie Smith • 0 Comments • Permalink

29 Jan 2009 09:58

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Biz: Automaker Ford: Sure we lost a buncha money, but really, we’re OK!

$5.5 billion amount that Ford blew through in the fourth quarter; they’re the only Detroit automaker not to take a bailout, and they had a huge loss last quarter source

Posted by Ernie Smith • 0 Comments • Permalink

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