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27 Nov 2010 13:10

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Biz, World: Angry Irish people take to streets to protest tough austerity plan

  • We’ve seen this song and dance before. First in Greece, then Belgium, then France, then in Britain, but it’s still not any more frustrating to watch – especially in Ireland’s case. The Irish had a solid decade of economic growth, only to see the economy go into freefall and be forced to take upon tons of bailout money in the span of about two years. So that’s why these people are protesting in Dublin today. They’re angry because of the insane cuts they’ll be forced to swallow – the worst of any European nation so far. (Photo by Marcus Swan) source
Posted by Ernie Smith • 0 Comments • Permalink

24 Aug 2010 10:18

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Biz: Existing home sales, meet crapper: Sales hit lowest level in 15 years

  • 27.2% decline in existing home sales in July source
Posted by Ernie Smith • 2 Comments • Permalink

25 Jun 2010 09:49

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Biz: Oil spill: BP’s stock hits another new oil-drenched low

  • $100
    billion     the amount BP, as a company, has lost since the oil spill began
  • 14
    years     the amount of time since their stock was at this low a level source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jun 2010 10:31

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Biz: HOLY CRAP IN BOLD LETTERS: Home sales absolutely PLUMMET

  • 33% drop in sales in May, which is unprecedented source
Posted by Ernie Smith • 6 Comments • Permalink

10 Jun 2010 10:10

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Biz, U.S.: Sucks to be BP, reason No. 39,197: Their stock plummets

  • 15% the amount BP shares fell in the U.S. yesterday
  • 11% the amount BP shares fell in the U.K. today
  • 1997 the last time BP’s stock was this low source
  • » Why the freefall? Well, besides the general “Did you see the oil spill?” response to that question, BP was told to pay workers it laid off as a result of the government’s moratorium on offshore drilling. Which means they’re on the hook for millions of dollars they weren’t before.
Posted by Ernie Smith • 0 Comments • Permalink

01 Jun 2010 09:17

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Biz: Oil spill-riddled failure BP’s stocks take a massive hit this morning

  • 16% freefall on the London Stock Exchange this morning; oh boy
  • 14% fall in the U.S. in its first session since the top kill failed source
Posted by Ernie Smith • 0 Comments • Permalink

30 May 2010 12:19

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Biz, U.S.: BP’s stock is in free-fall right now; we wonder why

  • 25% decline in BP’s stock since the oil saga began source
Posted by Ernie Smith • 0 Comments • Permalink
 

18 May 2010 21:09

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Biz: The SEC wants to prevent another “flash crash”; here’s how

  • 10% the amount a stock can go down in a five-minute period before a circuit breaker goes off and pauses a stock
  • five the number of minutes that stock is halted; the “flash crash” was caused by inconsistent standards source
Posted by Ernie Smith • 0 Comments • Permalink

07 May 2010 21:45

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Biz: Stock market: All the gains this year, gone, and then some

  • 7.4% the Dow’s decline from its peak this year
  • 8.7% the S&P 500’s decline from its April peak
  • 10.5% the Nasdaq’s decline; it’s in a correction source
  • » Today’s action: It wasn’t much better than yesterday, honestly. The market bounced back and forth all morning before staying firmly in the down column. The Dow lost 140 points today, or 1.3 percent of its value. Sucks to own stocks, doesn’t it? source
Posted by Ernie Smith • 4 Comments • Permalink

06 May 2010 20:22

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Biz: While we were out: The stock market has a huge buttcrack, guys

What the heck happened, stock market’s butt? Falling nearly a thousand points in a five-minute period is just sad. And we KNOW you’re gonna blame it on Greece, too. source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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