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26 Apr 2010 23:05

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Biz: Craigslist’s “Adult Services” controversial, makes lots of money

  • $122
    million     expected revenues for the no-frills classified site in 2010 alone; at least 70 percent of that is pure profit (and mostly from employment ads)
  • $39
    million     in revenue will come from
    the controversial for-pay “Adult Services” section, made in the wake of the Craigslist Killer source
  • » Printing their own money: The site has a small staff for what it is, but despite that, it’s a total gold mine. For every employee Craigslist has (around 30), the company makes $4 million in revenue and at least $2.9 million in profit, a level so high you simply won’t find it anywhere else in the industry. We wish we made $3 million in profits per employee.
Posted by Ernie Smith • 0 Comments • Permalink

19 Apr 2010 23:17

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Biz: The SEC wasn’t fully in favor of the Goldman Sachs lawsuit

  • 3-2 the vote which sealed the
    landmark suit’s fate source
Posted by Ernie Smith • 0 Comments • Permalink

12 Apr 2010 11:13

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U.S.: In Manhattan, a huge blaze leaves a neighborhood reeling

  • seven alarms on the massive Lower East Side fire
  • 250 firefighters were needed to put the blaze out
  • 60 families no longer have a home this morning source
Posted by Ernie Smith • 0 Comments • Permalink

11 Apr 2010 20:30

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World: The EU throws Greece a few bones so they can pay next month’s rent

  • €45 billion in loans; that’s $61 billion for Amer’kans source
Posted by Ernie Smith • 0 Comments • Permalink

07 Apr 2010 11:05

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U.S.: Debt-ridden California owes a lot of money in pensions

  • $500
    billion     amount the state owes in
    pensions, according to a Stanford
    University study
  • 2,000%
    increase     the amount California’s
    pension burden increased between 1999 and 2009 source
  • » Why is this bad for California? David Crane of the L.A. Times notes that this pension burden is what’s really holding the state back. Because they have this huge albatross on their back, they’re forced to cut other, arguably more important things, like education.
Posted by Ernie Smith • 0 Comments • Permalink

07 Apr 2010 10:42

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Biz: GM lost a little pocket change in the second half of 2009

  • $4.3 billion in losses – and that was after bankruptcy source
Posted by Ernie Smith • 0 Comments • Permalink

03 Mar 2010 10:20

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World: What we know about Greece: Gyros, philosophy, Sparta!, huge debt

  • €4.8
    billion     will be cut from the country’s huge deficit using a mix of taxes and spending cuts (the third this year)
  • €200
    billion     the size of Greece’s deficit, which is 125 percent of their entire annual economic output source
Posted by Ernie Smith • 0 Comments • Permalink
 

01 Mar 2010 22:28

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World: Three reasons while Chile will recover quickly from its earthquake

  • one Chile, the world’s 46th-richest country,
    has a much stronger economy than Haiti, the Western Hemisphere’s poorest nation.
  • two The country has one of the lowest debt to economic output ratios in Latin America, and the government is fairly frugal with spending.
  • three Chile has a massive copper supply, a supply which was barely damaged by the earthquake. They’ll bounce back, guys. source
Posted by Ernie Smith • 0 Comments • Permalink

01 Mar 2010 22:08

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Tech: Understatement: Sony’s PS3 bug only affected a couple of machines

  • 20 million consoles screwed up by
    a stupid software glitch source
Posted by Ernie Smith • 0 Comments • Permalink

22 Feb 2010 09:36

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Offbeat: Post-drip blues: Minneapolis lady gets insane water bill

  • $1,595 the size of one poor Minneapolis woman’s massive water bill; “My heart just dropped,” she said
  • 194,484 number of gallons of water that is; the city says it’s accurate and she probably has a leak source
Posted by Ernie Smith • 0 Comments • Permalink
 
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