Tag Archives: Business

Apple spending $4M on North/Clybourn station (via Gizmodo)

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Have you heard that a new Apple Store is being built in the heart of our North/Clybourn traffic/shopping hell? Apple must be so thoroughly disgusted at the state of the CTA Red Line station there that they are kicking in $4M towards the renovation with only a tiny little string attached: [I]n exchange for the […]

“Where Bailout Money Goes to Die” (via Yahoo! News)

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Where has your share of the bailout gone? When CIT Group, a medium-sized lender, faced the threat of bankruptcy recently, it raised an uncomfortable prospect for the officials in Washington managing the bailout of the financial system. CIT got $2.3 billion in bailout funds last year–yet it was still failing. And the government decided not […]

“The Great American Bubble Machine”

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From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression – and they're about to do it again The Great American Bubble Machine via Corrente

How many $$$ per minute? (via Los Angeles Times)

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David Lazarus’ column in Business on March 8 said a study of high cellphone charges was based on a survey of more than 700 San Diego customers’ bills. In fact, the study, conducted by the auditing firm TeleTruth on behalf of the Utility Consumers’ Action Network and showing an average charge of $3.02 per minute, […]

“[Obama and Congress] are jumping on the populist anger bandwagon because it’s easy to do”

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On their latest episode of NPR’s Planet Money, Adam Davidson and Alex Blumberg point fingers. And they talk to a guy named Ian Bremmer who says something that we all need to get onboard with. Concerning the firestorm of heat AIG’s current CEO (newly appointed, not responsible for the crisis at AIG) is getting for […]

A.I.G. Planning Huge Bonuses After $170 Billion Bailout (via NYTimes.com)

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Word of the bonuses last week stirred such deep consternation inside the Obama administration that Treasury Secretary Timothy F. Geithner told the firm they were unacceptable and demanded they be renegotiated, a senior administration official said. But the bonuses will go forward because lawyers said the firm was contractually obligated to pay them. A.I.G. Planning […]

The Crisis of Credit Visualized (via YouTube)

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Are you confused about the economy? These video should clear it up (and remind you of those old cartoons where a guy with a great voice told you what the “World of Tomorrow” would look like): The Crisis of Credit Visualized (Writing, direction, animation & sound by Jonathan Jarvis Narration by John Levoff Music by […]

secret history of the credit card: interviews: elizabeth warren (via frontline, PBS)

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…bankruptcy is about financial death and financial rebirth. Bankruptcy is the great American story rewritten. We’re a nation of debtors. Why do you think people left Europe to come to the United States? They left because they were in debt… frontline: secret history of the credit card: interviews: elizabeth warren | PBS

AP Study Finds $1.6B Went to Bailed-Out Bank Execs – NYTimes.com

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AP Study Finds $1.6B Went to Bailed-Out Bank Execs – NYTimes.com

Dana Perino is a stud

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Even with a black eye (received in the Iraqi shoe-throwing mêlée) she can step up in front of the White House Press Corps and say that Bush has no idea how to fix the American auto industry without violating faith in a free market economy… My Way News Photo – BUSH

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