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BREAKING: Bid to Save GM, Chrysler Loans Dies in Senate
abcnews.go.com — A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts. Senate Majority Leader Harry Reid said he was "terribly disappointed" about the demise of an emerging bipartisan deal to rescue Detroit's Big Three.More… (Business & Finance)
TheEngineer2008Google tells companies to drop Internet Explorer 6
tgdaily.com — The last bastion of IE6 hold-outs, corporate users, are being targeted by Google. Users of Gmail, including any companies using the services of Google Apps, are being advised to dump IE6 in favour of Chrome, Firefox or IE7.More… (Business & Finance)
nickshanks
Why that $73/hr Figure is a Lie
nytimes.com — That figure — repeated on television and in newspapers as the average pay of a Big Three autoworker — has become a big symbol in the fight over what should happen to Detroit. But the truth is very different.More… (Business & Finance)
niradgAP Study Finds $1.6B Went to Bailed-Out Bank Execs
nytimes.com — Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.More… (Business & Finance)
KaiserArny
$700 Billion Bailout Celebrated
theonion.com — 4-tons of Beluga caviar and $250,000 bottles of vintage Dom Pérignon were on hand for America's CEOs to celebrate the historic bailout.More… (Business & Finance)
Griny
Nobel economist calls for gold standard, blames Keynesians
fordham.edu — John Forbes Nash Jr., Ph.D., winner of the 1994 Nobel Memorial Prize in Economic Sciences, discusses the need for gold standard or other standard capable of fighting inflation & blames Keynesian economic theories which have sold the public on the notion that inflation is acceptable, leading to bad mortgage loans which led to the economic meltdownMore… (Business & Finance)
emazurFed Refuses to Disclose Recipients of $2 Trillion in Lending
bloomberg.com — The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.More… (Business & Finance)
Wosat
Merrill Lynch CEO Whines To Get His $10-million Bonus
online.wsj.com — Life must be tough without an extra $10-million laying around.More… (Business & Finance)
booksnmore4you
BREAKING: $14 billion auto bailout bill passes House 237-170
msnbc.msn.com — A $14 billion rescue package for the nation's imperiled auto industry sped to approval in the House Wednesday night, even as Republicans settled in for a tough Senate battle.More… (Business & Finance)
Jim Cramer's Stock Advice Is Worse Than a Coin Toss
consumerist.com — In a not-so-shocking analysis of one of the most-watched TV investment advisers, author Eric Tyson argues that Jim Cramer's actual stock-picking performance doesn't match the strength of his bellowing.More… (Business & Finance)
socialpyramidMan Pays $21K Property Taxes In Coins
wftv.com — A Floyd County man showed up at the city-county building in New Albany to pay his property taxes with more than $21,000 in coins.More… (Business & Finance)
jaybol
Gas prices: Five-year low and falling!
money.cnn.com — Gas prices fell for the ninth consecutive day, according to a survey of credit card swipes at service stations across the nation released on Sunday. Prices are down 60% from the record high of $4.114 a gallon touched on July 17. More… (Business & Finance)
sungoddess808
Dishonest Lenders Saddle Grads With Crushing Debt
latimes.com — Natalie Hickey picked up $140k in student debt, some of it at interest rates as high as 18%. Her monthly payments are roughly $1,700, more than her rent and car payment combined. Caught in an increasingly common trap in the nation's $85-billion student loan market, Hickey borrowed heavily, presuming that all her debt was part of the federal loansMore… (Business & Finance)
rjwusaCalifornia will run out of money in February
independent.co.uk — The State of California will run out of money within two months, forcing Governor Arnold Schwarzenegger to start settling bills and paying employees by issuing "IOU" notes, his chief financial officer has revealed. At present, Mr Schwarzenegger's administration is spending $11bn a year more than its total income. More… (Business & Finance)
naturalpapaThe Growth of Walmart Across America [VidMap]
projects.flowingdata.com — "I mapped the spread of Walmart using Modest Maps. It starts slow and then spreads like wildfire in the southeast and makes its way towards the west coast. "More… (Business & Finance)
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