Warren Buffett - 99% of fortune to charity
(money.cnn.com) - In 2006, I made a commitment to gradually give all of my Berkshire Hathaway stock to philanthropic foundations. I couldn't be happier with that decision.
Now, Bill and Melinda Gates and I are asking hundreds of rich Americans to pledge at least 50% of their wealth to charity. So I think More...
Grayson files 'War is Making You Poor' bill
(blogs.tampabay.com) - Rep. Alan Grayson, Florida's most colorful member of Congress, files a lot of bills with eye-catching names. They have no chance of passing but the idea is to provoke thought. Today he announced the “War Is Making You Poor Act."
According to his office it:
Limits the amount of More...
Federal Debt-to-GDP
(dshort.com) - Graph of the usa federal debt to GDP ratio. Highlights when republicans and democrats where president as well as who was in control of congress. Pretty interesting info.
Panera Bread Co.: Pay what you can afford
(bizjournals.com) - Panera Bread Co. has reopened a downtown Clayton location as a nonprofit where customers can pay what they can afford.
“Take what you need, leave your fair share,” says a sign at the entrance of the Saint Louis Bread Company Cares Café. Patrons who can’t pay are asked to volunteer their time
The Great Car Debate: New, Used or Leased?
(mint.com) - It’s the dilemma that every car buyer has grappled with at least once: should I go with a new, used or leased vehicle?
100 Dollar Bill and Other Money Gets Plastic Surgery
(photo.newsweek.com) - The iconic images of presidents–the ones printed on our money–are timeless. Or are they? Rather than staying the same, the members of America’s honorable legion look like a fine wine: better with age. They appear cleaner, sharper, and, well, nipped and tucked. The Bureau of Printing More...
The story BCG offered me $16,000 not to tell
(tech.mit.edu) - The city was strange and the society was unnerving, but what disturbed
me most about my Dubai experience was my job as a business consultant
for the Boston Consulting Group.
Hangover 2 Locked
(movies.ign.com) - The key players of The Hangover
have finished up a lengthy series of talks and are about to sign a deal
to make a sequel to that hit comedy.
Deadline is reporting that after six long
months of negotiations, Warner Bros. and Legendary Pictures have come to
More...
Why Is Conservative Media Crushing Liberal Media?
(businessinsider.com) - In the light of the recent ratings news--CNN implodes, FOX soars, MSNBC
does okay--it's worth asking a question that no one seems to have a good
answer to:
Why is conservative media crushing liberal media?
It's crushing it in ratings, crushing it in profits, crushing it in
influence.
Why money CAN buy you happiness - but only if you earn more than your friends
(dailymail.co.uk) - Money makes you happy - but only if you have lots more than your
friends and neighbours.
Owning the house of your dreams, the car you always longed for
and having millions in the bank doesn't stop that desire to keep up with
the Joneses, researchers have found.
And More...
Unemployed D.C. man giving money away to strangers to help foster kindness
(washingtonpost.com) - The guy behind the meat counter is looking at Reed Sandridge kind of
strangely. Giving away $10 every day to a stranger -- an idea Sandridge
had soon after he was laid off from his job at a Washington nonprofit
group last fall -- isn't as easy as it sounds.
It's Time For One Data Plan to Rule All Our Gadgets
(gizmodo.com) - Imagine a model in which people buy total access to a wireless network, whether it be on a contract or month-by-month basis. Once you've paid for your "unlimited" data connection—a word which wireless providers are already comfortable throwing around in relation to single devices—you can connect More...
Taking a stand with your savings
(startribune.com) - Unhappy with the culture on Wall Street? Angered by the behavior of the banking giants? Then move your money to a community bank or credit union. That's the message of Move Your Money, a campaign that's gone viral since it launched late last year.
Senate, Obama spar over health plan's pet projects
(news.yahoo.com) - President Barack Obama says he wants projects helping specific states yanked from the health care bill Congress is writing. Democratic senators, being senators, beg to differ.
Ultimate Laptop Buying Guide
(pcmag.com) - Whether you're looking for an uber-powerful desktop replacement or a super-portable netbook, we'll give you the lowdown on the best laptops in stores this Spring.
How long should jobless benefits last?
(articles.moneycentral.msn.com) - We had to wonder: Should unemployment benefits be cut off after, say, six months or a year, even in tough times, forcing the jobless to take any job they can find -- if they can find one? Or, as supporters say, do the benefits bolster not just individual families but also the entire economy?
Couponing Is an Extreme Sport?
(online.wsj.com) - Under a futon in her Charleston, S.C., apartment, Stacy Smith has stashed boxes of soy bars, bags of potato chips, bottles of vitamin water, canned vegetables, soup, barbecue sauce and antibacterial wipes. Her bedroom closet is jammed with soda and shampoo, her bookcase with garlic salt and meat marinades.
'Idol' Winners: Not Just Fame but Big Bucks
(nytimes.com) - Easing that potential pain are the substantial financial rewards promised to winners of “American Idol,” regardless of how many records they sell once the show ends. In the year since he stood under a confetti shower in the Nokia Theater here, Kris Allen, last year’s winner, has earned at least More...
Presidential Spending: Expenditures by Year
(visualeconomics.com) - A statistical breakdown of presidential spending to GDP ratio from 1981 to present day.
US Trade Deficit - Trade Balance 1960 to the Present [INFOGRAPHIC]
(mint.com) - Sometimes pictures really are worth a thousand words.
Live Off Groupon! Live off Groupons for an entire year and Groupon will give you $100,000!
(liveoffgroupon.com) - Completely ridiculous, but completely awesome at the same time!
Average Cost of Weddings and Wedding Vendors
(bridepop.com) - Ever wondered how much money is spent on the flower girl’s flowers or how much the wedding industry makes on photography? We’ve taken the numbers and broken them down so that you can see how much is being spent by the average couple and where exactly it is going.
Getting Paid to Play: High-Stakes Checking
(mint.com) - Over 600 credit unions and community banks offer reward checking accounts, and nearly 1.5 million customers have signed up. With a typical reward account, you’re required to use direct deposit and e-statements, and you have to use your debit card at least a dozen times in each statement period. Fail More...
O'Brien seals $45 million deal to quit
(msnbc.msn.com) - NBC said Thursday it has reached a $45 million deal with Conan O’Brien for his exit from the “Tonight Show,” allowing Jay Leno to return to the late-night program he hosted for 17 years.
Under the deal, which came less than eight months after O’Brien took the reins from Leno, O’Brien More...
Chris Johnson, Ochocinco To Race For Haiti
(huffingtonpost.com) - Chris Johnson and Chad Ochocinco will apparently race each other to support Haiti, which is reeling from a devastating earthquake. According to a tweet written by the Bengals receiver, the loser will donate his Pro-Bowl salary to Haiti relief efforts.
Democrats to lift debt ceiling by $1.8 trillion, fear 2010 backlash
(politico.com) - In a bold but risky year-end strategy, Democrats are preparing to raise the federal debt ceiling by as much as $1.8 trillion before New Year’s rather than have to face the issue again prior to the 2010 elections.
“We’ve incurred this debt. We have to pay our bills,” House Majority Leader Steny More...
What Rich People Eat
(buzzfeed.com) - This is an actual receipt from Nello's in New York City. The customer was Russian billionaire Roman Abramovich, who had no problem dropping 47k on food and drinks for himself and five other people.
Tax refugees staging escape from New York
(nypost.com) - New Yorkers are fleeing the state and city in alarming numbers -- and costing a fortune in lost tax dollars, a new study shows.
Iceland says goodbye to the Big Mac
(finance.yahoo.com) - REYKJAVIK, Iceland (AP) -- The Big Mac, long a symbol of globalization, has become the latest victim of this tiny island nation's overexposure to the world financial crisis.
Iceland's three McDonald's restaurants -- all in the capital Reykjavik -- will close next weekend, as the franchise owner gives in to falling profits caused by the collapse in the Icelandic krona.
Homeowners walking away from underwater mortgages
(miamiherald.com) - Many South Florida homeowners who can afford to make their mortgage payments are choosing not to, forcing the lender to foreclose. It's called strategic default.
AT&T vs. Google Voice: Sex, money, the feds, and your phone bill
(dailyfinance.com) - Despite what a handful of lawmakers may say, the dispute between Google and AT&T over the search giant's Google Voice application is not so much about fairness or rural access as it is about steamy phone sex and piles of money. These lawmakers, including Steve Buyer, an Indiana Republican and More...
Ten Odd Economic Indicators: Hot Waitresses, Men's Underwear, Blacked-Out Football Games, and More
(cheapskate.blogs.time.com) - It's hard for the lay person to wrap one's brain around the rise or fall of GDP, new residential sales, money supply, and other traditional economic indicators. What do those numbers really mean? Well, here are some other indicators that do as advertised, truly indicating in simple terms how people More...
Calculation of The United States Credit Score
(loansandcredit.com) - Based on standard FICO criteria, we were shocked to learn that the U.S. credit score was…
Tightwads and Spendthrifts Attract, Marry, Fight
(livescience.com) - Tightwads are likely to tie the knot with individuals who throw caution to the wind when spending money, often to the detriment of the marriage, new research suggests.
Warren Buffet: America Has Hit The Panic Buttonv
(fortunewatch.com) - Warren Buffet a highly influential American has finally hit the panic button, saying that we are going to be crushed under a mountain of debt taking into consideration the amount of debt the country is piling up.
Military Spending Worldwide [infographic]
(visualeconomics.com) - A map showing the breakdown of military spending worldwide. Some of the results may be surprising.
'Take Back the Beep' Campaign
(pogue.blogs.nytimes.com) - Over the past week, in The New York Times and on my blog, I’ve been ranting about one particularly blatant money-grab by American cellphone carriers: the mandatory 15-second voicemail instructions.
Suppose you call my cell to leave me a message. First you hear my own voice: “Hi, it’s David Pogue. Leave More...
Boxed Wines for Beginners
(walletpop.com) - Many wine snobs shy away from what once was a "great vehicle" for an ice cold glass of White Zinfandel. You may remember it from college parties or your grandma's fridge -- or anywhere else cost outweighed quality. The stigma against boxed wine is beginning to lift, however, and people More...
Replacing the Dollar: China's Big Plans for Its Currency
(time.com) - China's swipes at the U.S. dollar have been spilling out of Beijing with almost mundane regularity. Every time there is an international economic summit, it seems that some Chinese mandarin reiterates the now familiar complaint that the greenback needs to be replaced as the world's de facto reserve currency. China More...
How The Average U.S. Consumer Spends Their Paycheck - Visual Economics
(visualeconomics.com) - How The Average U.S. Consumer Spends Their Paycheck
Understanding the California Budget Crisis
(mint.com) - Living beyond your means is a sure way to guarantee financial ruin. Today, millions are dealing with the fallout from artificially-inflated real estate values and accessible, unsecured credit. For those recently (or still) in this situation, a number of temporary solutions were once readily available - refinancing, taking out home More...
E-tailers Grapple With Sales Tax
(visualeconomics.com) - A look at what states are losing out on from e-tailers tax revenue.
Irrational Markets: People reject free money out of anger
(arstechnica.com) - Game theory has provided researchers in a variety of fields, from psychology to economics, an opportunity to test human behaviors under controlled conditions. It allows big questions—are humans rational actors when money's on the line, for example—to be tested in situations where behaviors that deviate from expectations are easy to More...
all-the-ways-your-laziness-is-costing-you-money
(finance.yahoo.com) - Brewer, abolitionist, social reformer and English Member of Parliament Sir Thomas Buxton said, "Laziness grows on people; it begins in cobwebs and ends in iron chains." Poet and philosopher Samuel Taylor Coleridge had an even darker take on the avoidance of work: "The love of indolence is universal, or next More...
Tech Is Too Cheap to Meter: It's Time to Manage for Abundance, Not Scarcity
(wired.com) - This is the power of waste. When scarce resources become abundant, smart people treat them differently, exploiting them rather than conserving them. It feels wrong, but done right it can change the world.
The CEO of my favorite nonprofit earns more than $200,000. Is that outrageous?
(slate.com) - Reader asks whether a $200k plus salary for a nonprofit exec is unreasonable. The answer is a well thought out response that puts several aspects into perspective.
Obama to Limit Fed Lending Power
(bloomberg.com) - The Obama administration plans to restrict the Federal Reserve’s emergency-lending powers while endowing it with authority overseeing systemic risk, ushering in what may become the Fed’s biggest overhaul in decades.
Pixar vs. The Rest
(dailyfill.com) - With UP! already well on its way to being a blockbuster hit, Pixar is now 10 for 10 in producing films that are successful both critically and commercially. The fact that a studio unknown to the world just 14 years ago has found such great success without relying heavily on More...
The Sensible Way to Stock Your Liquor Cabinet
(seattleweekly.com) - People make bad choices in the liquor store all the time, usually from poorly predisposed early-adult memories or just plain lack of knowledge (the only explanation for a $40 vodka purchase). We upgrade because we think expensive means better, but in the dog days of the recession, it pays to More...
Best Cities: It's All About Jobs
(realestate.yahoo.com) - What a difference a year makes. Last summer, the energy and finance sectors of the economy seemed to be thriving, and manufacturing was going strong.
Today, many cities are relying on government programs, universities and stalwart industries, such as health care, to bolster employment in a weak economy. Those factors appeared More...
Breakdown of Average Student Budget
(westwood.edu) - A nice detailed breakdown of what an average student budget looks like.
'Star Trek' has galactic $76.5M opening weekend
(finance.yahoo.com) - Director J.J. Abrams' reboot of the beloved sci-fi franchise made $72.5 million from Friday through Sunday, plus $4 million just in pre-midnight screenings Thursday, the studio said Saturday. That cumulative figure includes a record $8.2 million in IMAX showings.
America's Best- and Worst-Paying Jobs
(hotjobs.yahoo.com) - It's still better to be a doctor than a dicer. Food preparation and serving remains the nation's lowest-paid line of work, while the medical field still offers the nine best-paid jobs in the U.S.
10 Bottles Of Wine You Can't Afford To Uncork
(stylecrave.com) - No liquid beyond water is more storied than wine. It’s the subject of literature and art, legend and myth. Good batches are part science: climate, grape genetics, yeast growth, water impurities and otherwise. The best wines are an almost indefinable art, an essence, feeling or quality that many try More...
GM may seek 1-for-100 reverse stock split
(msnbc.msn.com) - General Motors Corp. said Tuesday it is planning a reverse stock split that would give shareholders one share of new stock for every 100 shares they currently own.
Earning six figures and just scraping by
(blogs.moneycentral.msn.com) - It's a little hard for me to feel sorry for the people making $400,000 a year and saying they're "barely getting by." Yep, people actually say that in this Wall Street Journal article about the Obama administration's push to raise rates for the highest tax brackets.
PIN Crackers Nab Holy Grail of Bank Card Security
(blog.wired.com) - Hackers have crossed into new frontiers by devising sophisticated ways to steal large amounts of personal identification numbers, or PINs, protecting credit and debit cards, says an investigator. The attacks involve both unencrypted PINs and encrypted PINs that attackers have found a way to crack, according to the investigator behind a new report looking at the data breaches.
Secrets of Self-Made Millionaires
(rd.com) - When you think “millionaire,” what image comes to mind? For many of us, it’s a flashy Wall Street banker type who flies a private jet, collects cars and lives the kind of decadent lifestyle that would make Donald Trump proud.
But many modern millionaires live in middle-class neighborhoods, work full-time and More...
Would a Global Currency work? Probably not, here's why
(msnbc.msn.com) - With the value of the dollar jumping up and down against other countries' currencies, what if the world just agreed to use the same currency? It sounds like a simple idea. But like many simple ideas, it would come with all kinds of unintended consequences.
CEO gives employees $1,000 from his pay
(abclocal.go.com) - A New Jersey CEO dipped into his own paycheck in a bid to stimulate the economy.
Jack Windolf gave $1,000 to all 434 workers at Bollinger Insurance Solutions and told them "let's jumpstart this economy."
A Trillion Dollar Ad Campaign
(flickr.com) - How to run a Trillion (zim) dollar ad campaign for cheap.
Tesla: More than 500 takers for Model S
(news.cnet.com) - More than 520 reservations for the Tesla Model S have been made since the all-electric car's debut on March 26, Tesla Motors announced Wednesday.
Jury awards $8.6 million in motorcycle-pig crash
(cbs13.com) - A Monterey County jury has ordered the state to pay $8.6 million to a motorcyclist who was severely injured when he struck six wild boars on a state highway in 2003.
Rock Band Surpasses $1 Billion in North American Retail Sales
(news.prnewswire.com) - MTV Games, a part of Viacom's MTV Networks, (NYSE: VIA, VIA.B), Harmonix, the leading developer of music-based games, and distribution partner Electronic Arts Inc. (Nasdaq: ERTS), today announced that the Rock Band(R) franchise has officially surpassed $1 billion dollars in North American retail sales in 15 months, according More...
What Can $150k Buy in Real Estate Around the World?
(matadorlife.com) - With the global credit crunch spiraling into an economic crisis, here’s what $150k can buy you right now around the world.
A handy guide to mind-bogglingly big numbers
(guardian.co.uk) - To make any sense of what's going on (and how bad things really are), you need a feeling for quite how big these numbers are. So here's a brief guide, from zero right up to the biggest of them all.
China, Russia call to replace dollar as global reserve currency
(business2press.com) - Zhou Xiaochuan, the governor of the Chinese Central Bank, is calling to replace the dollar as the main global reserve currency, citing the dangers of the current economic crisis on heavily relying on one currency essentially controlled by the west.
World's cheapest car is launched
(news.bbc.co.uk) - The Tata Nano, the world's cheapest car, has been launched in India.
Costing just 100,000 rupees ($1,979; £1,366), the Nano will now go on sale across India next month, with deliveries starting in July.
The 7 new rules of financial security
(money.cnn.com) - In a world turned upside down, you must re-examine some basic assumptions. A good place to start: understanding the true nature of risk.
More women needing cash go from jobless to topless
(news.yahoo.com) - As a bartender and trainer at a national restaurant chain, Rebecca Brown earned a couple thousand dollars in a really good week. Now, as a dancer at Chicago's Pink Monkey gentleman's club, she makes almost that much in one good night.
Senate Tackles AIG Bonus Bill After House Approves Its Version
(foxnews.com) - Lawmakers are preparing to slap heavy taxes on employee bonuses at insurance giant AIG and at other companies that have received large bailout packages from the government.
Twitter Unveils New Premium Accounts
(bbspot.com) - Twitter co-founder and CEO Evan Williams today announced part of the company's long-awaited business model: Twitter Premium accounts.
Why Do Check Cashing Services Exist?
(delsquacho.com) - I wondered how the average person would be saving that much money by paying for a service that anyone with a bank account in good standing could get free of charge.
Fed to pump another $1 trillion into U.S. economy
(iht.com) - The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities.
IMF poised to print billions of dollars in 'global quantitative easing'
(telegraph.co.uk) - The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis.
Can Obama Keep Moderate Democrats from Bailing on His Budget?
(time.com) - First there was last winter's $168 billion economic stimulus package, followed by a $300 billion fund in June to help distressed mortgage holders. Then came $350 billion for the banks (and a little of that for the car companies), another $350 billion for the banks, $787 billion in economic stimulus More...
Budget Vacation - Save Money on Travel with a Fakecation
(mint.com) - Now more than ever you’re lusting after a vacation that will take your mind off all the gloom and doom in the news. The trouble is you just can’t afford it. But exotic travel doesn’t have to be expensive. That is if you’re willing to suspend disbelief and consider a More...
Get $200 iTunes Store Vouchers for $2.60
(i.gizmodo.com) - Stop being an ass and don't pirate songs and movies. Pirate money and get legal material! Chinese hackers have cracked the algorithm that generates the iTunes Store gift cards: You can get $200 for $2.60.
A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad
(nytimes.com) - As the world is seized with anxiety in the face of a spreading financial crisis, the one place having a considerably easier time attracting money is, perversely enough, the same place that started much of the trouble: the United States.
Travel Industry Slams Obama, Congress Proposals in New Ads
(online.wsj.com) - The travel industry is taking aim at Democrats' efforts to limit luxury travel by companies that accept government bailouts with a new advertising campaign that says the attacks on travel are costing jobs.
One of four print ads in the campaign includes a photograph of the back of President Barack Obama's More...
Pharmacist Launches Homegrown Economic Stimulus With $2 Bills
(blog.al.com) - A small-town pharmacist intrigued by the government's economic stimulus plan decided to launch his own version with $16,000 in $2 bills, and area stores have already felt the impact.
5 Ways You’ll Know the Recession is Over
(mint.com) - Scared yet? It seems like everything we read about the economy is either bad or getting worse. The measurements of economic health reveal a patient that requires a stint in the I.C.U. and some time to heal. Luckily, the prognosis isn’t terminal. The American economy is resilient, and since the More...
What does one TRILLION dollars look like?
(pagetutor.com) - What does that look like? I mean, these various numbers are tossed around like so many doggie treats, so I thought I'd take Google Sketchup out for a test drive and try to get a sense of what exactly a trillion dollars looks like.
Jim Rogers: Let AIG Go Bankrupt, Not America
(cnbc.com) - American International Group should be allowed to go bankrupt because keeping it and other sick financials alive on government support risks ruining the US economy, legendary investor Jim Rogers told CNBC Tuesday.
Weak economy...strong dollar
(money.cnn.com) - Stocks are at their lowest levels in about 12 years. The economy shrunk by more than 6% in the fourth quarter. Companies are laying off people left and right.
And oh yeah, the government has essentially nationalized Citigroup and AIG.
There's no denying that the U.S. economy is in tatters. But how More...
TMZ Story Forces Bank to Return $1.6 Billion
(tmz.com) - How's this for action. Northern Trust -- the bank TMZ exposed this week for throwing a series of lavish parties and concerts in L.A. -- is giving back the $1.6 billion in federal bailout money!
GM posts $9.6 billion 4Q loss
(washingtontimes.com) - General Motors Corp. says it lost $9.6 billion in the fourth quarter and burned through $6.2 billion in cash as it sought government help to avoid running out of cash.
Merrill Lynch CEO: "Nothing Happened In The World Or The Economy" That Would Justify Suspending Bonuses
(consumerist.com) - You know how Merrill Lynch recently lost $15 billion? Remember how we're in a unbelievably huge global financial crisis that threatens to unravel the fabric of our economy? John Thain says that's no reason not to pay billions of dollars in bonuses.
OctoMom Offered $1 Million to Make a Porno
(tmz.com) - OctoMom is used to having multiple people inside of her at once -- and now one porn company is willing to shell out big bucks to harness that skill on film.
Why the Music Industry Hates Guitar Hero
(wired.com) - Nobody expected the number-one-with-a-bullet rise of the music videogame—least of all the music industry. Armed with little more than crappy graphics, plastic guitars, and epic hooks, play-along titles like Guitar Hero and Rock Band have become an industry in their own right, raking in more than $2.3 billion over the More...
Graph Of 4 Stock Market Drops
(dshort.com) - Just in case you were wondering...it doesn't look good.
U.S. Bubble Collapse to Be Worse Than Japan’s
(bloomberg.com) - The U.S. is facing a deflationary collapse more severe than the crash that hobbled Japan’s economy in the 1990s, leaving gold as the only defensive play for investors, according to CLSA Ltd.’s Christopher Wood.
Great Depression Cooking with Clara
(greatdepressioncooking.com) - Over the years Clara has imparted her Great Depression experiences to her grandchildren as she cooked meals from the era. The meals were simple and delicious, the stories were a mixture of misfortune and comedy, and in the end Clara kept us both entertained and stuffed to the gills.
The magic More...
AmEx paying card holders to close their accounts
(reuters.com) - American Express Co, battered by mounting credit card losses, is offering $300 to a limited number of U.S. card holders who pay off their balances and close their accounts, the company said on Monday.
The $300 Million Button
(uie.com) - It's hard to imagine a form that could be simpler: two fields, two buttons, and one link. Yet, it turns out this form was preventing customers from purchasing products from a major e-commerce site, to the tune of $300,000,000 a year. What was even worse: the designers of the site had no clue there was even a problem.
The Dark Knight Breaks a Billion
(eonline.com) - It's not going to snag 11 Oscars, but The Dark Knight—Christian Bale and all—is nipping at Titanic's heels in the court of public opinion.
Save Money Now
(mensfitness.com) - Follow these 10 easy steps to save over $500 this month without feeling the pinch
How Much Will You Benefit From the Stimulus Package?
(mint.com) - President Obama will sign the $787 billion stimulus package into law this week, with approximately 35% going towards tax cuts and the rest going towards stimulus spending. Just about everyone stands to benefit from the stimulus in some fashion in the short-term, but a few demographics have an opportunity to More...
With no budget, California to cut 20,000 state jobs
(news.yahoo.com) - California, which is on the brink of running out of cash, will notify 20,000 state workers on Tuesday their jobs may be eliminated, a spokesman for Governor Arnold Schwarzenegger said on Monday.
The announcement came a day after California lawmakers narrowly failed to pass a $40 billion budget that would have More...
GM considering Chapter 11 filing and creating new company
(news.yahoo.com) - General Motors Corp, nearing a Tuesday deadline to present a viability plan to the U.S. government, is considering as one option a Chapter 11 bankruptcy filing that would create a new company, the Wall Street Journal said in its Saturday edition.
Ron Paul - Stimulus Will Weaken The Dollar
(ronpaul.com) - In Monday’s conversation with Clear Channel’s Paul Westcott, Ron Paul warns out that the stimulus package will weaken the dollar and lead to rising inflation over the next 6 to 12 months.
Without Tiger Woods, the 2009 PGA Tour has been practically invisible
(sportsillustrated.cnn.com) - I mean, let's be honest. At some point, the Tour became a wholly-subsumed subsidiary of Tiger Woods, and without him anymore there simply doesn't appear to be anything there. The PGA: Professional Golfers Anonymous.
Brew the Best Possible Coffee Without Breaking the Bank
(lifehacker.com) - Whether you're the kind of coffee drinker that slugs back the swill in the break-room coffee pot at work or savors exotic coffee on sleepy Sundays, there is always room for enhancing your java.
Tracking the $700 Billion Bailout
(projects.nytimes.com) - Hundreds of banks and a handful of insurers and automakers have applied for funds from the Treasury Department as part of the $700 billion Troubled Asset Relief Program. The Treasury Department has transferred capital to the majority of these companies.
Your Facebook is their fortune
(smh.com.au) - In an attempt to finally cash in on the social networking site, once valued at $US15 billion ($23.6 billion), it will soon allow multinational companies to selectively target its members in order to research the appeal of new products. Companies will be able to pose questions to specially selected members More...
House Passes $819 Billion Stimulus Plan, Bill Passes 244-188 With No Republican Support
(cbsnews.com) - Senate Version Taking Shape But No Clear Timetable For Reaching Obama's Desk.
5 Tips for Buying a Home During a Recession
(realestate.yahoo.com) - But for would-be home buyers, 2009's economic pain could be a great opportunity to get into the market. After all, home prices at the national level have dropped more than 20 percent from their 2006 peaks, while mortgage rates have plummeted. Still, buying real estate during an economic recession presents More...
Obama freezes salaries of some White House aides
(sfgate.com) - President Barack Obama's first public act in office Wednesday was to institute new limits on lobbyists in his White House and to freeze the salaries of high-paid aides, in a nod to the country's economic turmoil.
Don't be foolish, the Yankees aren't done yet
(msn.foxsports.com) - Even after adding CC Sabathia, A.J. Burnett and re-signing Damaso Marte, the team continues to explore the markets for both starters and relievers.
17 Year old Japanese golf phenom gets million dollar driver
(stuff.co.nz) - The 17-year-old will test the club, which cost Japanese sports maker Yonex 100 million yen (NZ$2.12m) to develop and could boost his distance off the tee to 350 yards, during the 2009 season.
20 big-salary jobs, no degree required
(cnn.com) - Take a look at number 5. That can't be correct...
Why a Tiny Alabama Town Wants a $375 Million Chunk of the Stimulus
(usnews.com) - At first glance, the town of Edwardsville, Ala., with a population of 194 people, might raise a few eyebrows with its bid to receive $375 million from the economic stimulus package being assembled by Barack Obama and lawmakers in Congress.
Why Big Tax Cuts Are Essential
(businessweek.com) - Let’s get this straight right away. I’m not a dogmatic supply-sider, who believes that tax cuts are the solution to all economic ills.
But I believe that Obama’s $300 billion tax cut is essential to ‘recapitalize’ the American consumer, just like the banks are being recapitalized.
$1,000 homes
(money.cnn.com) - The real estate market is so awful that buyers are now scooping up homes for as little as $1,000.
There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. There are 22 in Indianapolis, 46 in Cleveland and a whopping 709 in Detroit. All of these communities have More...
Wikipedia's new plea for donations stirs skepticism
(arstechnica.com) - Regular visitors of Wikipedia have become so familiar with the standard fundraising banner at the top of the page that they've practically become blind to it, but Wikipedia founder Jimmy Wales has mixed things up by replacing it recently with a personal plea for donations. Wales' appeal has triggered renewed More...
Bush Gives Emergency $17.4B Loans to Automakers
(nytimes.com) - President Bush announced $13.4 billion in emergency loans on Friday to prevent the collapse of General Motors and Chrysler, and said another $4 billion would be available for the hobbled automakers in February. The entire bailout is conditioned on the companies undertaking sweeping reorganizations to show that they can return to profitability.
US rates slashed to nearly zero
(news.bbc.co.uk) - The US Federal Reserve has slashed its key interest rate from 1% to a range of between zero and 0.25% as it battles the country's recession.
Dollar Bill and Money Art and Artists
(weburbanist.com) - Amazing Collection of Artworks Made From Money
