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21 Mar 2009 08:34

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Biz, U.S.: AIG’s feeling the pressure from nearly half the union’s states

  • 20 states launched investigations over those crazy bonuses source
Posted by Ernie Smith • 0 Comments • Permalink

20 Mar 2009 16:40

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U.S.: Just to depress you, here’s some talk about the national deficit

  • $9.3 trillion size the deficit will become in the next decade, says the Congressional Budget Office source
Posted by Ernie Smith • 0 Comments • Permalink

20 Mar 2009 10:04

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Biz: Whoa. Wal-Mart handed out AIG-style bonuses to the cashiers!

  • $933 million in bonuses were handed out by the mega-retailer. Unlike AIG, we want them to hand these out. source
Posted by Ernie Smith • 0 Comments • Permalink

19 Mar 2009 21:15

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Tech: Having a free-agent, no-contract iPhone: Verrrrrrry expensive.

  • $199 cost of an iPhone with a &*!%ing two-year contract with AT&T, available right now source
Posted by Ernie Smith • 0 Comments • Permalink

19 Mar 2009 10:45

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Biz, U.S.: Are too many dollar bills going to get printed?

Where is George? He’s everywhere. And investors are scared that he’ll be weaker after more of him enter the market. source
Posted by Ernie Smith • 0 Comments • Permalink

18 Mar 2009 22:07

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Biz, U.S.: Another attempt to jumpstart the economy by the Federal Reserve

  • Chairman Ben Bernanke said the Federal Reserve would buy back up to $300 billion in long-term government bonds. source
  • Bernanke also announced a plan to buy back up to $750 billion in bad mortgages. Together, that’s over $1 trillion. Whoa. source
Posted by Ernie Smith • 0 Comments • Permalink

18 Mar 2009 10:27

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Biz, U.S.: AIG’s CEO has an explanation for the bonuses

  • We have to continue managing our business as a business – taking account of the cold realities of competition.
  • AIG CEO Edward Liddy • On why they have to give out the bonuses. Essentially, as was suggested yesterday in this editorial, AIG needs to give out the bonuses to retain their employees. He’s telling this to congress right now, by the way. • source
Posted by Ernie Smith • 0 Comments • Permalink
 

17 Mar 2009 10:48

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Offbeat: It was kind of a clever idea for a protest, but it weighed too much

  • 2.6 million pennies were to be placed on the steps of the Florida state capital as part of a protest source
Posted by Ernie Smith • 0 Comments • Permalink

17 Mar 2009 10:16

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Music: NIN’s Trent Reznor goes on and on about ticket scalping

  • Nothing’s going to change until the ticketing entity gets serious about stopping the problem – which of course they don’t see as a problem. The ultimate way to hurt scalpers is to not support them.
  • Nine Inch Nails mastermind Trent Reznor • Discussing why ticket prices get so high at some shows – essentially, many bands (not his), venue and promoters practice a form of legal scalping using sites like StubHub.com or TicketsNow.com. Reznor is about to embark on his last tour for a while and has actually figured out a way to mute the effect of scalping. • source
Posted by Ernie Smith • 0 Comments • Permalink

16 Mar 2009 21:09

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U.S.: Steam is coming out of Barack Obama’s ears over AIG

  • Under these circumstances, it’s hard to understand how derivative traders at AIG warranted any bonuses, much less $165 million in extra pay.
  • Barack Obama • On the bonuses AIG is about to pay its investors. The outrage is heating up by the day, as you might guess; Obama wants his treasury secretary to pursue “every legal avenue” to prevent the bonuses from coming out. • source
Posted by Ernie Smith • 0 Comments • Permalink
 
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