Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

15 Oct 2009 10:32

tags

Biz: Goldman Sachs’ gains cancel out Citigroup’s losses

Posted by Ernie Smith • 0 Comments • Permalink

14 Oct 2009 10:13

tags

Biz: JPMorgan Chase has more money sitting around than you do

  • $3.6 billion in third-quarter profits for the financial-services company
  • $28.8 billion in revenue – seems like they weathered the recession fine source
Posted by Ernie Smith • 0 Comments • Permalink

08 Oct 2009 08:45

tags

Biz: Rupert Murdoch: An old guy who wants to screw over new media?

  • Murdoch, at 78, doesn’t, practically speaking, have the time to see the online world into maturity—nor the intellectual interest to want to be part of the effort. Rather, his strategic effort may more logically be to slow it down.
  • Vanity Fair columnist and Newser co-founder Michael Wolff • Discussing Rupert Murdoch’s stance on online media and forcing consumers to pay for the news. Wolff suggests that Murdoch is old and probably isn’t thinking long-term about the industry at the moment, but short-term at his bank account. Murdoch owns enough of the media industry that people would notice if he started charging for some of it. • source
Posted by Ernie Smith • 2 Comments • Permalink

23 Aug 2009 11:07

tags

Biz, U.S.: UBS says its Swiss bank account-holders “wanted to evade” taxes

  • The clients are not just harmless victims. They knew what they wanted to evade. But they trusted the bank that it would work. Now we have to correct that.
  • UBS chairman Kaspar Villiger • Describing the clients that they just had to rat out to the U.S. government for hiding their income in Swiss bank accounts to avoid taxes. While they transferred their information to the U.S., they claim no responsibility to actually make sure those clients actually pay taxes. • source
Posted by Ernie Smith • 7 Comments • Permalink

02 Jul 2009 12:14

tags

Tech: A virtual bank CEO on EVE Online is apparently a dirty criminal

  • 200 billion in EVE Online’s currency, interstellar kredits, was sold on the black market by player Ricdic, the CEO of the game’s EBank
  • $6,300 bucks the amount in Australian money Ricdic got for the scheme, which paid for a home deposit and some of his son’s medical bills source
Posted by Ernie Smith • 7 Comments • Permalink

06 Jun 2009 19:52

tags

U.S.: “Cape Man,” the crazy guy who wanted to kill Obama, arrested

  • Daniel James Murray was arrested … at a casino. First of all, if you’re so worried about the safety of the American economy that you threatened to kill the president, why are you at a casino? But anyway, the man, who bizarrely deposited $85,000 at a Utah bank and then withdrew it a week later while making crazy comments all the while, has been detained by the Secret Service. By the way, the New York Daily News reports that Murray likes wearing capes and talking to himself. source
Posted by Ernie Smith • 9 Comments • Permalink

07 May 2009 21:04

tags

Biz, U.S.: Why the stress tests should have Americans stressed out

  • $75 billion in capital needs to be raised by the banks who failed the stress test
  • 10 out
    of 19     failed the stress test; these banks, BTW, are deemed “too big to fail” source
Posted by Ernie Smith • 0 Comments • Permalink
 

05 May 2009 10:18

tags

Biz, U.S.: The stress tests on banks show some structural weaknesses

  • 10 of 19 big banks tested flunked with flying colors, need more $$$ source
Posted by Ernie Smith • 0 Comments • Permalink

21 Apr 2009 23:54

tags

Biz, U.S.: Great! The bailout program could be a huge target for fraud.

  • The sheer size of the program … is so large and the leverage being provided to the private equity participants so beneficial, that the taxpayer risk is many times that of the private parties, thereby potentially skewing the economic incentives.
  • Inspector General Neil Barofksy • In a massive quarterly report on the Troubled Asset Relief Program. Sound like fun? It totally is. We hope, if the banks defraud us taxpayers, they do it in really cool ways, like buying themselves gold houses and rocket cars. • source
Posted by Ernie Smith • 0 Comments • Permalink

06 Apr 2009 12:17

tags

Biz: The foreclosure industry: Your misery is our good luck

  • Things are going tremendously. It has never been this good.
  • Darren Johnson • A “real estate owned” foreclosure agent from Detroit, talking about how well the foreclosure industry is going at the moment. Glad to know that someone’s doing OK. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
<< newer 
top tags
older >>