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12 Mar 2009 21:07

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Biz, U.S.: Bernie Madoff: A man compelled to have killer returns. (Huh?)

  • While I never promised a specific rate of return to any client, I felt compelled to satisfy my clients’ expectations, at any cost.
  • Bernard Madoff • Explaining why he created his Ponzi scheme during a courtroom monologue while pleading guilty. According to him, he wanted to keep giving out continually good rates of return because he wanted his investors to love him. (No word on how he felt about his penthouse.) • source
Posted by Ernie Smith • 0 Comments • Permalink

12 Mar 2009 01:55

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Biz, U.S.: Ah, home foreclosures. Another thing to be depressed about.

  • +30% year-over-year increase in foreclosures. Yikes. source
Posted by Ernie Smith • 0 Comments • Permalink

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
Posted by Ernie Smith • 0 Comments • Permalink

10 Mar 2009 19:21

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Biz: Be happy investors! The Dow didn’t suck for once!

  • +379 increase in the Dow today, ’09’s best day so far source
Posted by Ernie Smith • 0 Comments • Permalink

10 Mar 2009 10:44

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Biz: A single AIG office may have screwed up the economy

  • $500 billion in losses at AIG’s London office source
Posted by Ernie Smith • 2 Comments • Permalink

10 Mar 2009 01:52

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Offbeat: You know how much a trillion bucks is worth. Here’s what it looks like.

That little guy in the corner has the worst job ever. He has to count all the $100 bills. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Mar 2009 21:16

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Biz, World: When it comes to bailouts, don’t forget the third world

  • $700 billion might be needed; at least they’re not AIG. source
Posted by Ernie Smith • 0 Comments • Permalink
 

06 Mar 2009 15:09

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Tech: Why wouldn’t Apple like an alternative iPhone app store?

  • 30% The amount Apple gets on app store commissions source
Posted by Ernie Smith • 0 Comments • Permalink

05 Mar 2009 10:30

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Biz: Wal-Mart: Where everybody shops because they’re broke

  • 5.2% increase in same-store sales during the month of February for the mega-retailer source
Posted by Ernie Smith • 0 Comments • Permalink

04 Mar 2009 10:08

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Biz: Video retailer Blockbuster should rent out its massive debt

  • $900 million in accounts payable to studios, vendors and other suppliers source
Posted by Ernie Smith • 0 Comments • Permalink
 
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