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A new California budget plan has been approved this morning, after 15 weeks of indecision. The Wall Street Journal reports: California’s legislature approved a plan Thursday morning to close the state’s $42 billion budget deficit through steep cuts and new taxes, after state leaders corralled the last Republican vote needed to end a 15-week partisan […]
With cloned steaks hitting supermarket shelves, cloning is gaining momentum as a major (ahem) cash cow. Scientists have been effectively cloning animals since the early 1960s, when a Chinese embryologist cloned an Asian carp. It’s just a matter of time until cloned humans start emerging from test tubes; meanwhile, we natural-borns are just starting to […]
After a veritable Internet coup, Facebook’s Terms of Use have gone back to the way they used to be. In other words–relatively harmless. From the New York Times: After a wave of protests from its users, the Facebook social networking site said on Wednesday that it would withdraw changes to its so-called terms of service […]
While everyone else is pinching pennies, Wal-Mart is doing just fine, thank you very much. The Financial Times reports: Wal-Mart, the world’s largest retailer, beat expectations after its US discount stores accounted for about 50 per cent of all US retail growth during 2008 – while its full-year global sales passed $400bn for the first […]
It can pay to think outside the box when it comes to making money. Especially when you find out there’s actually a niche for your crazy idea. Here are the ten craziest ways people are making money, Wall Street wizardry excluded: 1. The Hair Trader Jacalyn Elise co-founded this online company that lets users post […]
The Wall Street Journal reports on the Trump bankruptcy, which will be Trump casinos’ third: Trump Entertainment Resorts Inc., Donald Trump’s casino group, is expected to file Tuesday morning for protection from its creditors under Chapter 11 of the Bankruptcy Code, said several people familiar with the matter. The company’s board authorized the filing late […]
Oregon’s government is thinking about increasing the state beer tax. Taxing cigarettes is one thing, but is a beer tax taking it too far? The Oregonian reports: The Oregon state tax on beer is less than a penny a glass. It’s among the lowest in the country, untouched in more than three decades and guarded […]
The National Retail Association estimates that people will spend an average of $102.50 on gifts for Valentine’s Day this year. Men generally spend twice as much as women. If you’re gaping, take solace in the fact that it’s 16% less than last year. Nonetheless, the five Valentine’s Day supply companies listed below will be cashing […]
We discovered the ACME heartmaker online recently, and couldn’t resist creating a variety of Valentine’s hearts with snarky economy-related quips. See which of these Valentine’s Day bailout hearts would speak most loudly to your sweetheart–or least favorite person on the Street:
The Economist reports on how a tweet let Democrats keep their Senate majority yesterday: YESTERDAY morning, Virginia politicos caught wind of a rumor that one of the Democrats in the state Senate was about to switch parties. Because the Democrats had a 21-19 majority, that shift would have flipped control over to the Republicans. Then […]
These are mellower quotes that err on the humorous side of things: 25. “True love comes quietly, without banners or flashing lights. If you hear bells, get your ears checked.” Erich Segal 24. “Love is grand; divorce is a hundred grand.” Anonymous 23. “I was nauseous and tingly all over. I was either in love […]
General Motors latest round of layoffs will target 10,000 salaried workers. The New York Times reports: General Motors, which must submit a satisfactory restructuring plan to the government next week to keep billions of dollars in loans, said Tuesday that it would lay off 10,000 salaried workers worldwide this year and reduce pay for those […]
