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09 Dec 2009 09:58

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Biz, U.S.: The phrase “TARP” isn’t leaving our lives anytime soon

  • TARP is going nowhere, guys. Treasury secretary Timothy Geithner informed Congress this morning that the program, set to expire at the end of the year, will be extended until at least October. Which means that the bailouts won’t be going anywhere anytime soon, as a way to extend small-business credit. source
Posted by Ernie Smith • 0 Comments • Permalink

09 Dec 2009 01:10

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U.S.: The government settles with Indian tribes over squandered trusts

  • $3.2 billion – a big settlement, but not nearly enough source
Posted by Ernie Smith • 0 Comments • Permalink

09 Dec 2009 00:56

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U.S.: Obama’s plan for doling out more jobs: Spend some more!

  • $100
    billion     to help with additional benefits, food stamps and health insurance for the unemployed
  • $70
    billion     to create more jobs, except this time with more sprinkles and frosting, we think source
Posted by Ernie Smith • 0 Comments • Permalink

08 Dec 2009 10:25

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Music: Some weird animal guy wants to go to Africa. Give him money.

Deacon, the least-prominent member of Animal Collective, wants to go to Africa. So he’s using Kickstarter to raise $25,000 for a trip. Donate and get cool crap. source
Posted by Ernie Smith • 0 Comments • Permalink

07 Dec 2009 09:30

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Biz, U.S.: TARP’s apparently gonna cost a little less. Time to celebrate!

  • $341 billion the original anticipated cost of TARP to taxpayers; that’s pretty huge, right?
  • –$200 billion the amount the government says you can now chop off that number; hooray! source
Posted by Ernie Smith • 0 Comments • Permalink

06 Dec 2009 20:58

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U.S.: Meet the idiot who blew $127 million in Las Vegas

In the span of a year, Terrance Watanabe lost enough money to bankrupt many blue-chip companies. Now he’s suing Harrah’s for making him lose all that money. Idiot. source
Posted by Ernie Smith • 0 Comments • Permalink

05 Dec 2009 17:23

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Biz: Bank Failure Friday’s still taking victims well into the holidays

  • 130
    banks     have failed so far this year – it’s a good thing we’re in December
  • $12
    billion     the value of AmTrust Bank, the fourth-largest to fail this year source
Posted by Ernie Smith • 0 Comments • Permalink
 

05 Dec 2009 17:10

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Tech: Would you pay a boatload for a super-awesome Twitter app?

  • CoTweet The app, aimed specifically at corporate users, plans to charge $1,500 a MONTH for their enterprise features.
  • HootSuite The app (which we use and just added Facebook pages – thank you!) plans to charge too, but not nearly that much. source
Posted by Ernie Smith • 0 Comments • Permalink

05 Dec 2009 09:23

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Tech: David Pogue’s recent Verizon article leads to FCC investigation

  • If the ETF is meant to recoup the wholesale cost of the phone over the life of the contract, why does a $120 ETF apply?
  • The FCC • In a letter to Verizon asking them why their recently-changed early termination fees are so high. They also asked about these finicky $1.99 charges for accessing the Web our boy David Pogue brought up (along with these fees) in an article last month. This warms our heart because it proves the FCC is actually listening to concerns like these as they come up. source
Posted by Ernie Smith • 0 Comments • Permalink

03 Dec 2009 03:55

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Politics: Guess what? This poll says most people want a public option

  • 59.9% in fact want a public health care option
  • 86% of Democratic voters want a public option
  • 33% of Republican voters want it too source
Posted by Ernie Smith • 0 Comments • Permalink
 
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