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27 May 2009 23:09

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Biz, U.S.: Need startup funding? Look no further than, uh, Kalamazoo

  • Silicon Valley’s drying up Despite the bevy of great ideas out there, one area can apparently handle so many great ideas, and venture capital in Silicon Valley is starting to dry up. And we’re in the Internet era, remember. You can be innovative anywhere!
  • Toledo’s giving grants Fortunately for startups willing to move their entire business to the Midwest, municipal governments are offering to give significant financial help. But those purses close if they’re not willing to invest in the community.
  • Rust belt tax breaksYou can guess why cities in Ohio and Michigan are so aggressive about getting tech companies in their cities – two good reasons, in fact, GM and Chrysler. Which is why they want startups to stick around. No fly-by-nights. source

26 May 2009 20:02

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Biz, Tech: Facebook is still getting huge influxes of $$$$$

  • $200 million The amount Facebook got from foreign investor Digital Sky Technologies.
  • $10 billion Facebook’s current market value, based on the investment. That’s a lot of money. source

19 May 2009 23:05

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Biz, Tech: From DaimlerChrysler to DaimlerTesla: Daimler goes electric

  • 10% Daimler’s stake in fledgling electric automaker Tesla source

06 May 2009 10:55

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Biz: Ford invests lots of money into its long-term future

  • $550 million in plant upgrades to improve its Focus source

06 Apr 2009 12:17

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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

11 Mar 2009 21:13

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Biz: Billionaires are suffering just like us regular people

  • -23% dip in billionaires’ assets. Times r tuff. source

20 Feb 2009 15:13

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World: Well, someone has money, and that someone is China

  • $41 billion in oil investments; can we borrow 20 bucks? source
 

05 Feb 2009 10:50

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Biz, Culture: Kevin Bacon: Great actor, one of Bernard Madoff’s victims?

  • Six degrees of separation wasn’t enough. Bacon is just one of the famous names that shows up on a 162-page document listing those who lost money in Bernard Madoff’s investment scheme. Madoff, currently being held under house arrest in New York City after losing more than $50 billion in investor’s money, is accused of masterminding the biggest financial fraud in history. source