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13 Mar 2009 13:53

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Biz, U.S.: Weekend at Bernie’s: How bad is Madoff’s cell, anyway?

Let’s put it this way. The culture shock is really, really high. And few will give him any remorse. source

13 Mar 2009 13:45

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Biz, U.S.: This probably isn’t going to work, Bernie Madoff’s lawyer

  • Can we put Bernie back in his penthouse? Ira Sorkin, Bernard Madoff’s lawyer, is appealing the decision to put his client, who pled guilty yesterday to charges related to his ponzi scheme, back under house arrest. The Manhattan jail cell he was put in is a far cry from the penthouse he once lived, as you might guess. source

13 Mar 2009 13:33

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Biz, U.S.: One of Seattle’s papers is probably gonna die. Let’s look back.

A local radio station takes a good look back at a Seattle (and American) newspaper institution. source

13 Mar 2009 10:26

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U.S.: Alabama shooter left a note; he planned to go out in “grand style”

  • Why he did it Without specifying the specific details of the note, investigators said that Michael McLendon’s note explained a row with his family that left him harboring ill feelings. McLendon also disliked the way he was treated at work – he was given the nickname “Doughboy,” which he didn’t like. McLendon killed many members of his family and many co-workers during the shooting on Tuesday. source
  • Why he did it Without specifying the specific details of the note, investigators said that Michael McLendon’s note explained a row with his family that left him harboring ill feelings. McLendon also disliked the way he was treated at work – he was given the nickname “Doughboy,” which he didn’t like. McLendon killed many members of his family and many co-workers during the shooting on Tuesday.
  • Dreams unfulfilled McLendon aspired to be a Marine and, later, a police officer. After enlisting in both at different times, he was let go from each only weeks in. In the case of the Marines, he was let go due to “fraudulent enlistment,” and with the police, physical issues were at play. He was depressed and unhappy with his lot in life, according to statements he made towards the end of it. source

12 Mar 2009 21:12

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Biz, U.S.: When is Bernie Madoff going to jail?

  • NOW. bond revoked, biznitch. See ya! :) source

12 Mar 2009 21:07

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Biz, U.S.: Bernie Madoff: A man compelled to have killer returns. (Huh?)

  • While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients’ expectations, at any cost.
  • Bernard Madoff • Explaining why he created his Ponzi scheme during a courtroom monologue while pleading guilty. According to him, he wanted to keep giving out continually good rates of return because he wanted his investors to love him. (No word on how he felt about his penthouse.) • source

12 Mar 2009 10:37

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Biz, U.S.: Ponzi schemer Bernie Madoff finally pleaded guilty

  • 11 number of counts Bernard Madoff pleaded guilty to this morning source
 

12 Mar 2009 10:11

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Biz, U.S.: Hey look, a big graphic on how much newspapers are sucking

See the bigger dot that says “Milwaukee Journal Sentinel?” I used to work there. Good luck, all. source

12 Mar 2009 09:50

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U.S., World: Guilty! The Bush shoe-thrower gets thrown in the slammer

  • Three years for the folk hero. Muntazer al-Zaidi, an Iraqi journalist who got really angry at ex-prez George W. Bush when he visited Iraq in the waning months of his presidency, was found guilty of assault for throwing a shoe at the world leader. The three-year sentence angered many who saw al-Zaidi as a folk hero, giant shoe and all. source

12 Mar 2009 01:55

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Biz, U.S.: Ah, home foreclosures. Another thing to be depressed about.

  • +30% year-over-year increase in foreclosures. Yikes. source