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Goldman Sachs takes $12B Bailout, Hands out $14B Bonuses
dailymail.co.uk — You aren't going to read about this in the US press, they are too busy lying about everything they report. We have to read about it in a British newspaper.More… (Business & Finance)
rpi22Suck It, OPEC
dailyfueleconomytip.com — Now that the price of oil has fallen to much more comfortable levels, OPEC wants to step in and protect $100 per barrel oil. If this isn't Exhibit A as to why we need to get off oil -- and subsequently stop sucking at the teet of the Middle East -- I don't know what is.More… (Business & Finance)
Hawker400
Another AIG Resort $343,000 Secret Gathering, Logos Hidden
abcnews.go.com — $343,000 Secret Gathering, AIG Signs and Logos HiddenMore… (Business & Finance)
insaincain02Google CEO to endorse Obama: WSJ
rawstory.com — Google chief executive Eric Schmidt plans to endorse Barack Obama this week and campaign for the Democratic presidential candidate, The Wall Street Journal reported Monday...More… (Business & Finance)
MisterHorrible
Why Canada's Banks Don't Need Help
time.com — In the midst of the worst financial crisis since the Great Depression, Canada's banking system is the soundest in the world.More… (Business & Finance)
doiveoExxon Mobil: Biggest profit in U.S. history
money.cnn.com — Largest U.S. oil company surges past analyst estimates to post net income of $14.83 billion for 3 months worth of business. Why are we subsidizing these pin-stripe suited pirate bastards?More… (Business & Finance)
demicritter
AIG to pay $503 MILLION to employees. You get JACK *****.
washingtonpost.com — American International Group plans to pay out $503 million in deferred compensation to some of its top employees, saying it must tap the funds to keep valuable workers from exiting the troubled insurance giant.More… (Business & Finance)
Gun sales surge after Obama's election
cnn.com — The NRA said Obama would support a "huge new tax on my guns and ammo," referencing a 1999 article in a Chicago newspaper. The then-Illinois state senator promoted a plan to increase federal taxes by 500 percent on the sales of firearms and ammunition.More… (Business & Finance)
BrokebackCasket
McDonalds Japan Goes No-Brand with Quarter Pounder Shops
inventorspot.com — Generic packaging, minimalist decor, a two-item menu - and not a clown in sight! McDonalds Japan is testing the waters of no-brand marketing with newly opened Quarter Pounder stores in Tokyo.More… (Business & Finance)
WordsnCollisionBreaking: Circuit City Closing 155 Stores!
consumerist.com — I guess if their stock is trading at 0.26 cents, then I guess this is what happens....More… (Business & Finance)
tiraspolFed Defies Transparency in Refusal to Identify Bank Loans
bloomberg.com — The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.More… (Business & Finance)
Best Buy Tries To Replace A $2200 Sony Laptop With An Asus PC
consumerist.com — Is there a difference between a Sony TZ ultraportable laptop and an Asus Eee PC? Reader Ignacio bought Best Buy's accidental damage protection plan for his $2200 Sony TZ laptop, and when he did, indeed, drop it — Best Buy threatened to replace it with a $600 Asus Eee PC.More… (Business & Finance)
Bailouts don't work - Wall Street continues to dive
news.yahoo.com — Wall Street caved in to its economic anxieties and closed lower Monday, giving up an early rally over a stimulus package in China and refocusing on the acute pullback in spending that is pummeling U.S. companies. Despite the spin from analysts, the market recognizes that a problem created by a debt inflated bubble won't be solved by more debt.More… (Business & Finance)
caferrell
Exxon breaks record for profit, yet again
money.cnn.com — The largest U.S. oil company surges past analysts' estimates with a posted net income of $14.83 billion and sets a national record for quarterly profit. More… (Business & Finance)
hdar3415
Screwing workers doesn’t pay in the end
evetahmincioglu.com — More than a year after Circuit City decided to fire what management deemed, its high-paid sales people, the retailer's decision turned out to be what everyone said at the time... a dumb idea.More… (Business & Finance)
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