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27 Jan 2009 18:16

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Biz: Journos to world: Forget corporations. Let’s buy a newspaper!

  • OK, it’s not fancy, but it’s there. Some enterprising anonymous person has put up a kinda-clever jab at the newspaper industry’s impeding self-destruction. “Let’s Buy a Newspaper” is looking for a pool of donations to buy some of the many newspapers currently on the market. Tops on the list? The Miami Herald, which is in a pretty cruddy part of the country economy-wise, and the Seattle Post-Intelligencer, which faces a 60-day death march if it isn’t sold. Pssh, forget newspapers, guys! Starting your own blog is where it’s at. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Jan 2009 12:41

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Biz: Today’s big scary number (it has to do with jobs)

  • 77,000 total job cuts were announced today source
Posted by Ernie Smith • 4 Comments • Permalink

24 Jan 2009 13:05

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U.S.: Obama: “hold my Administration accountable”

  • I understand that skepticism, which is why this recovery plan must and will include unprecedented measures that will allow the American people to hold my Administration accountable for these results.
  • President Barack Obama • in his first weekly radio/video address, in which he builds a case for his rapid-deploy $825 billion economic stimulus plan to those skeptical of its size and scale • source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jan 2009 17:09

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U.S.: How quickly does Obama want to use up the stimulus package?

  • 75% of the $825 billion package spent in just 18 months source
Posted by Ernie Smith • 0 Comments • Permalink

21 Jan 2009 11:10

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Biz: How long was GM on top of the auto sales heap?

  • 77 years. That’s a really long time. source
Posted by Ernie Smith • 0 Comments • Permalink

21 Jan 2009 11:06

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Biz: GM “cautiously optimistic” even after losing sales crown

  • We feel we’ve weathered one hell of a storm, and we’re cautiously optimistic as we move into ’09 that we can stabilize and grow again.
  • Mike DiGiovanni • General Motors sales analyst, on sales prospects for 2009. GM recently lost the title of top automaker to Toyota, although, considering the economy and bailout-tinged circumstances, neither are all that excited about that. • source
Posted by Ernie Smith • 0 Comments • Permalink

20 Jan 2009 10:11

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Biz: Are you a billionaire? Invest in the New York Times!

  • $250 million loaned to the N.Y. Times by Carlos Slim source
Posted by Ernie Smith • 0 Comments • Permalink
 

19 Jan 2009 11:50

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Offbeat: How does it feel? Kinda blah; today is Blue Monday.

  • The saddest day in history? Experts say that a number of things – fading memories of Christmas and New Year’s, the cruddy weather, but especially the economy – make January 19, 2009 the saddest day on record. They claim that many people will stay home from work and many more will stay in bed. Hey! Just ’cause we’re typing this in bed doesn’t mean we’re depressed! source
Posted by Ernie Smith • 0 Comments • Permalink

18 Jan 2009 10:30

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U.S.: Add tax cuts and we’ll love your plan even more, Obama

  • 58% public support for Obama’s economic stimulus plan, according to a new CNN survey source
Posted by Ernie Smith • 0 Comments • Permalink

16 Jan 2009 12:44

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Biz: Could anything be salvaged from Circuit City’s closing?

  • A minor glimmer of hope. Despite the forthcoming closing of the No. 2 electronics retailer in the country, an investor could still come to save the business. Otherwise, they’ll start liquidating, with an end date of March 31. Their Canadian business will remain open. source
  • A minor glimmer of hope. Despite the forthcoming closing of the No. 2 electronics retailer in the country, an investor could still come to save the business. Otherwise, they’ll start liquidating, with an end date of March 31. Their Canadian business will remain open.
  • An online business? Circuit City does about $1 billion in online-only sales, and there’s still a chance they could come back as an online retailer. “This would eliminate overhead costs, vendor conflicts and other issues,” said Love Goel, CEO of Growth Ventures Group, an investment banking firm. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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