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Image by Flickr user Shutterrudder Bad PR move, guys. The New York Post reports on Citigroup’s brand-spankin’-new Falcon jet: Beleaguered Citigroup is upgrading its mile-high club with a brand-new $50 million corporate jet – only this time, it’s the taxpayers who are getting screwed. Even though the bank’s stock is as cheap as a gallon […]
The Washington Post reports on Home Depot’s layoffs and Home Depot Expo store closings: Home Depot Inc said it will eliminate 7,000 jobs, or about 2 percent of its workforce, as it closes its Expo home design centers and cuts corporate support staff, sending its shares up 6 percent. The world’s largest home improvement retailer […]
Going green was big news for a while, then the collapsing economy put a cloud over the movement. Nonetheless, a derth of reporting doesn’t mean that the scientists, entrepreneurs, and business brains behind the burgeoning industry have slowed down. If anything, their products are growing in maturity and potential. We waded through hundreds of eco-oriented […]
How does a 3.5% down payment on a house with a 3.99% fixed-rate mortgage sound? This kind of thing was unheard of a year ago, but now East Coast builder Toll Brothers is offering buyers a tintillating deal. The Wall Street Journal’s Dawn Wotapka reports: Horsham, Penn.-based Toll this week started offering a 3.99% fixed […]
PC World reports speculation the President Barack Obama is getting an ultra-secure Sectera Edge–basically, a Blackberry pimped out to NSA standards–as his mobile communication device: The Sectera Edge is a smartphone made by a defense contractor called General Dynamics. The device, according to General Dynamics, was actually developed for the National Security Agency (NSA) and […]
Got unemployment insurance? You may want to load your monthly payments onto a Reliacard Visa, a prepaid, reloadable US Bank card through which the Department of Labor distributes insurance funds. Huliq has the details: The Reliacard functions as a debit card and can be used anywhere that Visa is accepted. Consumers receive their funds directly […]
From Ananova: An inmate escaped from jail in Germany by posting himself out of prison in a giant FedEx box of dirty laundry. Drug dealer Hans Lang, 42, hid in the laundry room after other inmates had finished work there and bundled himself up in dirty bed sheets in the large box. The package was […]
The Financial Times reports on the US stock market’s dismal performance today: US stocks were on course on Tuesday for their worst inauguration day performance since the assassination of John F Kennedy, led by more heavy losses among banks. Financial stocks that endured epic falls last week lost further ground in the wake of bleak […]
Despite all the bad news of 2008, it’s hard to be pessimistic at the start of a new year. The calendar is white and fresh, the projects not too far behind. And with all the upheaval in the world today, maybe change really means opportunity. There are all kinds of businesses that are in dire […]
A first grade girl handed in the drawing below for a homework assignment. After it was graded and the child brought it home, she returned to school the next day with the following note: Dear Ms. Davis, I want to be very clear on my child’s illustration. It is NOT of me on a dance […]
Congress is considering a new program called Cash for Clunkers. NPR reports what the program is all about: The government has given billions of dollars to automakers who need to sell more cars. Now, Congress may soon offer motorists money to buy new vehicles. The idea behind the proposed program, called “Cash for Clunkers,” is […]
It is said that up to 50% of businesses fail within five years of inception. Most of these business start and end in obscurity. A few of them, however, start up with the verve of a cannonball, only to crash with equal fanfare. Some of the companies listed below, like Enron and DeLorean, exemplify this […]
