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12 Feb 2009 10:42

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Biz, U.S.: Today’s scary number: Homes hit a 30-year low in value

  • -12.4% fall in home prices during 2008 source
Posted by Ernie Smith • 0 Comments • Permalink

11 Feb 2009 22:15

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U.S.: The stimulus bill dips below $800 billion

  • $789 billion right now, and very, very close to passing source
Posted by Ernie Smith • 0 Comments • Permalink

11 Feb 2009 10:38

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Biz, Culture: Calvin & Hobbes: Ahead of its time on the economy

The years-old comic strip seems to know what led to the economic crisis. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2009 21:08

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Biz, U.S.: The stock market didn’t like the bailout plan, either

  • $1 trillion the size of the plan Geithner proposed; he was sparse when it came to the details of the plan source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2009 20:59

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Biz, U.S.: Experts didn’t like the bailout plan

  • This policy is just inadequate. The first quarter is just going to be grotesque for the banks – and then we’re going to have to have this discussion all over again.
  • Chris Whalen • A managing director at financial research provider Institutional Risk Analytics, on Treasury Secretary Timothy Geithner’s bailout plan, which proved to be highly unpopular on its announcement. • source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2009 10:34

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U.S.: The Senate votes on the stimulus bill today. How big is it?

  • $827 billion right now, $100 billion less than before source
Posted by Ernie Smith • 0 Comments • Permalink

10 Feb 2009 10:18

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Biz: We don’t care if Starbucks has breakfast combos now. They still suck.

  • A full meal, only $3.95 Starbucks claims that the cruddy economy has inspired them to do something they’ve never done before: Offer fast-food-style combos. For $3.95, you get a 12 oz. coffee and a breakfast sandwich. Or a 12 oz. latte and oatmeal or a roll. About time they gave into their mediocrity. source
  • A full meal, only $3.95 Starbucks claims that the cruddy economy has inspired them to do something they’ve never done before: Offer fast-food-style combos. For $3.95, you get a 12 oz. coffee and a breakfast sandwich. Or a 12 oz. latte and oatmeal or a roll. About time they gave into their mediocrity.
  • Price readjustment The company, which built its brand on charging people a crapload of money for a really fancy drink, has tried to change course recently to match the prices of less-cool competitors like Dunkin’ Donuts and McDonald’s. Oh, and they had lots of layoffs recently. source
Posted by Ernie Smith • 4 Comments • Permalink
 

10 Feb 2009 09:57

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Biz: GM is planning deep, deep layoffs

  • 10,000 salaried employees will get cut by General Motors. That’s 14% of its salaried work force. source
Posted by Ernie Smith • 0 Comments • Permalink

09 Feb 2009 11:04

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Biz: U.S. automakers aren’t alone: Nissan announces massive layoffs

  • 20,000 jobs will go away into the ether source
Posted by Ernie Smith • 0 Comments • Permalink

08 Feb 2009 21:25

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U.S.: Harsh criticism of the stimulus thing from a top senator

  • Everybody on the street in America understands that. This is not the right road to go. We’ll pay dearly.
  • Sen. Richard Shelby • The ranking Republican on the Senate Banking Committee. So, if this isn’t the right road to go down, why didn’t we go down the right road with our last president? Just sayin’. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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