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02 Dec 2009 21:28

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Biz: Bank of America finally ready to give back its massive bailout

  • $45 billion to the feds to de-TARP-ify itself source
Posted by Ernie Smith • 0 Comments • Permalink

27 Nov 2009 17:19

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U.S., World: Michael Bloomberg spent $102 million to become mayor again

  • $183 the amount Bloomberg spent on each vote source
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27 Nov 2009 09:36

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Biz, World: Investors looking for an out from the mirage of Dubai

  • The question right now is is it just a Dubai issue or is the whole UAE in trouble, does Abu Dhabi still have enough cash to help Dubai?
  • Merrill Lynch sales manager in emerging markets equity Amr Aboushaban • Describing shaken investor confidence in the Middle East after Dubai said it couldn’t repay billions in loans. There are other areas in the region – most notably Abu Dhabi – that might be able to help the Middle East’s largest sign of unparalleled wealth, but investors are scrambling to keep their money safe in other regional financial havens as a result of the news. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Nov 2009 22:08

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Offbeat: We’re thankful for the opportunity to buy the Pabst company

Screen-shot-2009-11-26-at-3.02.30-PM

  • Pabst Blue Ribbon‘s maker is on the market. Their asking price is $300 million. We’re thankful for PBR. Anyone want to help crowdsource ownership of the cheapest, crappiest/best beer ever? Just think – $5 could help make the dream of many hipsters come true. And us. We want to own the company and make rivers of Schlitz. source
Posted by Ernie Smith • 0 Comments • Permalink

24 Nov 2009 10:53

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Biz: Amazon and Wal-Mart looking like old-school boxing foes

In this corner, an online mega-retailer that has a massive reach. In that corner, a brick-and-mortar retailer with a similar reach. Who will win your holiday dollars? source
Posted by Ernie Smith • 0 Comments • Permalink

22 Nov 2009 12:11

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Culture: “New Moon” is about to kick some “Twilight” box office @$$

  • $140.7 million “Twilight: New Moon”‘s weekend box-office take – the third highest opening weekend ever and significantly above expectations
  • $193 million The original “Twilight”‘s entire box office take – a total “New Moon” should break by complete accident at this point source
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16 Nov 2009 10:30

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U.S., World: We’re already dumping a lot of money into Pakistan’s intelligence

  • ⅓ of the Pakistan intelligence agency’s cash comes from the CIA source
Posted by Ernie Smith • 0 Comments • Permalink
 

16 Nov 2009 09:57

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Biz, U.S.: General Motors has much less debt than it did before

  • General Motors, just before they came out of the other end of bankruptcy, had $94.7 billion in debt owed, source
  • After its first full quarter out of bankruptcy, GM had $17 billion in debt – $6.7 billion owed to the U.S. government. source
Posted by Ernie Smith • 0 Comments • Permalink

14 Nov 2009 12:25

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Biz: Wal-Mart’s supplier credit-rating program genius, say smart people

  • I would expect a retailer’s credit quality always to be taken into account when a firm is lending money against that retailer’s receivables. If a vendor is owed the money by Wal-Mart that is very different than if a vendor is owed the money by [bankrupt] Linens N Things, for example.
  • GimmeCredit analyst Carol Levenson • Describing how Wal-Mart’s new policy, which allows suppliers to get credit on the back of the company’s very strong credit rating, is genius. Obviously, not every supplier can count on retailers to bail them out like this. But many are in a position to do the same thing, including Target, Kohl’s, TJX Cos. (the parent of TJMaxx, Marshall’s and other similar stores), Home Depot, Lowe’s and Walgreens. Considering that suppliers are likely in the tank in this economy, this could save them. • source
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13 Nov 2009 18:35

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U.S.: William Jefferson’s bribes lead him to time in the slammah!

  • 13 years on ice for his frozen money escapades source
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