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05 Oct 2009 20:29

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Biz: A couple deathly serious numbers about the funeral industry

  • 35% of all funerals are cremations, which kills the revenue of mom & pop funeral shops
  • 80% of the funeral market is run by mom & pops and private corpserations … er, corporations source
Posted by Ernie Smith • 0 Comments • Permalink

03 Oct 2009 10:00

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Biz, Culture: Comcast tries to wheel and deal its way into NBC Universal

  • $30 billion the estimated value of the deal Comcast (who’s looking for a big-media venture) and GE are working out for the network/film studio
  • 51/49 split the breakdown of who would get what; Comcast would (barely) be the majority partner in this deal to run Jay Leno’s life source
Posted by Ernie Smith • 0 Comments • Permalink

29 Sep 2009 10:20

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Biz: Consumers lose a bunch of confidence in September

  • 53.1 consumer confidence this month; that’s way down source
Posted by Ernie Smith • 0 Comments • Permalink

15 Sep 2009 09:03

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Biz: Duh: Cash for Clunkers led to a huge jump in retail sales

  • 2.7% increase in buying stuff at retail in August source
Posted by Ernie Smith • 3 Comments • Permalink

01 Sep 2009 10:40

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Biz: Duh: “Cash for Clunkers” a kick in the pants for car sales

  • 16 million cars sold in August, based on a seasonally-adjusted rate source
Posted by Ernie Smith • 0 Comments • Permalink

26 Aug 2009 10:29

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Biz: Manufacturers of durable goods are building more of them

  • 4.9% increase in durable goods in July; that’s a huge leap source
Posted by Ernie Smith • 0 Comments • Permalink

19 Aug 2009 10:50

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Biz, U.S.: Warren Buffett sez this ballooning federal debt is dangerous

  • Enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects. For now, most of those effects are invisible and could indeed remain latent for a long time. Still, their threat may be as ominous as that posed by the financial crisis itself.
  • Financial smart guy Warren Buffett • Describing why we should be concerned about the high amount of debt currently floating around our economy. He says that we’re in “uncharted territory” and that the effects of the debt could nearly be as bad as the financial crisis itself. Before you discount it, remember that Buffett knows what he’s talking about. • source
Posted by Ernie Smith • 0 Comments • Permalink
 

10 Aug 2009 10:31

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Biz, U.S.: When do private economists see the recession ending?

  • Q3 but the recovery is gonna take a little while, they say source
Posted by Ernie Smith • 0 Comments • Permalink

31 Jul 2009 10:58

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Biz, U.S.: A light is showing at the end of the recession tunnel

  • -1% GDP is still shrinking, but much, much slower source
Posted by Ernie Smith • 0 Comments • Permalink

09 Jul 2009 23:36

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Biz, U.S.: The cash-for-clunkers plan is making auto salespeople excited

  • Are we excited about it? Absolutely! We think it is a great opportunity for people to get rid of their clunkers.
  • Cliff Johnson • President of Texas Motors Ford, on the cash-for-clunkers program the Obama administration implemented this year. The plan, which gives consumers up to $4,500 in credit to swap aging vehicles for newer, more fuel-efficient vehicles, has fans all over the map: Consumers, environmentalists, automakers and guys that sell cars for a living. Only the latter category talks like Cliff Johnson, though. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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