Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on TwitterBe a Facebook FanTumble us!

07 May 2009 08:32

tags

Biz, U.S.: GM lost a cartoon-eye-poppin’ amount of money in Q1

  • $6 billion in losses for the broken dreams manufacturer source

06 May 2009 22:33

tags

U.S.: Obama plans to remove pennies from the budget next year

  • $17 billion the size of Obama’s proposed budget cuts for next year source

06 May 2009 22:14

tags

U.S.: In case you’re curious, that Air Force One photo is coming soon

  • It only took scaring half of NYC to get it, BTW. The White House, which earlier this week made it sound like the photo of Air Force One flying next to the Statue of Liberty would never see the light of day, had a change of heart, according to press secretary Robert Gibbs, a.k.a. Mr. Awesome. By the way, the endeavor cost taxpayers $328,835 and angered thousands. Hoo-ray! source

06 May 2009 11:12

tags

Biz, U.S.: AIG’s bonus payments are way higher than they first said

  • $120 million amount AIG admitted to giving in bonuses last year back in March, post-bailout source

06 May 2009 11:06

tags

Biz, U.S.: The Boston Globe reaches a deal with its last union

  • Crisis averted. Cuts made. Hands shaken. The Boston Globe, which nearly faced a death march this week, narrowly avoided it by getting six of its seven unions to agree to price cuts and a relaxing of a job guarantee policy which was the sticking point. The largest union, the Boston Newspaper Guild, which represents the newsroom, wouldn’t budge on the job security front. An agreement was met last night, but no word – yet – on whether they got to keep job security. source

06 May 2009 10:51

tags

U.S.: Specter goes from senior Republican to junior Democrat

  • His defection came at the cost of committee rankings. Pennsylvania Senator Arlen Specter, whose switch to the Democratic party sent shockwaves through D.C. last week, did so at the cost of hard-fought-for seniority. The senate passed a resolution last night making him the junior Democrat on all the committees he serves. A rep for Senate Majority Leader Harry Reid says he could gain his seniority back after the 2010 elections. But still … it’s like, welcome to the party, jerk. source

06 May 2009 10:42

tags

Politics, U.S.: The GOP’s big problem: The Dems’ YouTube ads are funnier

 

06 May 2009 10:34

tags

Biz, U.S.: A good chunk of homeowners are swimming in debt

  • 21.8% of all homeowners – almost 20 million – owe more than their homes are actually worth source

06 May 2009 01:12

tags

Biz, U.S.: Stress test sez: Bank of America needs a massive shot in the arm

  • $33.9 billion to cushion from an economic fall source

05 May 2009 23:03

tags

Politics, U.S.: Arnold Schwarzenegger seems ready to fire up pot legalization

  • All those ideas of creating extra revenues, I’m always for an open debate on it. We ought to study very carefully what other countries are doing that have legalized marijuana. What effect did it have on those countries? Are they happy with the decision?
  • California Gov. Arnold Schwarzenegger • On the possibility of legalizing pot. He goes on to note that his native Austria did not have a good experience with legalization. By the way, most people think pot should be legal as a way to raise state revenue. • source