FARK.com: Business links -- Archives for 2009-03-22

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Sun March 22, 2009

(Common Dreams)	Here's an economist diasapproving Obama's economic plans. Difficulty: It's Paul Krugman	(133)
	Get ready: Here comes another stupid new word some business reporter made up to try and explain this recession	(43)
	Apple's fail level is OVER 9000	(38)
	Indian car company Tata's sales sagging, hopes new model will lift profits, pad bottom line. Tata	(26)
	Wax ban on, wax ban off. Issue likely to come back again, only thicker, fuller and darker	(57)
	"In the end, they financed the purchase of eight smoke alarms for their single wide at a cost of $2,629"	(32)
(Business Insider)	The ratings agencies who got us into this mess: S&P, Moody's and Fitch, will be paid $1 billion to rate the bonds the Federal Reserve issues to fix their mess	(38)
	After failing as a bank, Washington Mutual seeks to fail in a $13 billion lawsuit against the FDIC for rescuing their depositors. The fail is strong with this one	(39)

Sat March 21, 2009

	"I see my money the way you see your vagina. I need to know it, I need to touch it, I need to not be afraid of it. And I'm going to give [your foundation] $100,000."	(34)
	A black day for Guidos everywhere	(257)
	Elkhart County, IN, the "RV Capital of the World", has been hit particuarly hard by the recession as people realize that "camping" means actually staying in a tent, not lounging in a huge-ass vehicle with AC and satellite TV	(43)
	Did Verizon not give you that new TV when you signed up for FIOS? This guy wants to know	(18)
	Hey, you know that story about the $165 million in bonuses AIG is paying execs? Yeah, turns out it's really $218 million	(123)
(Some Guy)	Now that everyone in the world who wants a Wii has one, Nintendo finally decides to make enough available for everyone	(25)
	'If women were in charge we wouldn't be in this economic mess'	(273)
	"AIG is what happens when short, bald managers of otherwise boring financial bureaucracies start seeing Brad Pitt in the mirror"	(52)
	Ten business lessons gleaned from Battlestar Galactica. "It's just a frakkin' show" noticeably absent	(31)

Fri March 20, 2009

	The 90% AIG bonus tax bill, if enacted, will actually tax some employees' full wages at 102%. Congress overjoyed, looking for ways to go back in time and tax executives before they were born	(119)
	This week's Friday bank closures are brought to you from Georgia and Colorado. Bonus: Throw a credit union from Kansas onto the pyre, as well	(9)
	A nice map from the NY Times showing just how badly newspapers are boned	(42)
	The Springtime housing sales event is here. Prepare to watch your home value fall off a cliff as everyone puts their home up for sale	(18)
	Kiss your 401(k) goodbye: "Federal regulators have warned of a 'rampant Ponzimonium' as they are investigating hundreds of scams in the aftermath of the $50bn fraud allegedly perpetrated by Bernard Madoff"	(62)
	Americans used to respond to economic crisis by moving to where the jobs are. But now the double whammy of unsellable houses and inflexible health insurance threaten that mobility. We're so boned	(57)
	Nike announces job cuts, sweeping reorganization into four new business units: celebrity endorsement acquisition, slogan engineering, TV advertising, and shoes	(14)
	SpiralFrog shuts down. It wasn't so much the ad industry sucks, it was more the site sucked	(17)
	Since no one can afford to go out in this recession, at home entertainment is booming. "You can sit there in your boxers with Cheetos on your chest and have a grand old time."	(38)
	What? Who wouldn't keep paying $18 for a martini? The New York "food bubble" has burst	(108)
(ProJo.com)	Really? In a state boasting an unemployment rate over 10%, hair tanning salons are feeling the pinch of tight economy?	(22)
	March 23 named "best day to buy a car" as media give up and don't care that people can see they're just making crap up	(82)
	Bank executives warn taxing bonus money could drive people away from Wall Street jobs. Good	(90)
	Coca-Cola under fire for their Swedish Web site showing how sex is best without foreplay. Guess somebody doesn't want the secret to get out	(16)
	China to Coca-Cola: Bite our wax tadpoles	(31)
	AIG tells its employees to avoid wearing AIG apparel (bags, shirts, umbrellas, etc.) or badges with AIG insignia. And watch out for people coming at you with pitchforks	(381)
	Today's lawsuit where both sides are losers: AIG vs Countrywide. Either way someone's going to need some more bailout money	(23)

Thu March 19, 2009

(Some Guy)	Britain hopes to create 13,000 jobs by introducing U.S.-style yellow schoolbuses to replace the oxcarts or whatever the hell they currently use	(32)
	House passes 90-percent tax on AIG bonuses. Don't worry, though; they'd NEVER treat average Americans like that	(763)
	After taking hundreds of billions in government aid, Citibank vows to slim down and pinch every penny. Nah just kidding, they're spending $10 million on a new office for the boss	(93)
	Meat packing planted raided by INS finds 23% of employees were illegal. American workers brought in to replace them recieved higher pay and signing bonuses. Suck it Pelosi	(120)
	Wal-Mart giving $2 billion worth of bonuses to its employees to help them through current recession. Suck it, haters	(103)
	Companies asking workers to take unpaid furloughs to improve bottom line, presenting employees with agoniziong choice: take the leave and be a team player, or take the leave and have your boss realize no one misses you	(38)
	Foreclosed houses are now down to $100 in Detroit, oh and some artists are trying to revive their neighborhood. But houses are down to $100 in Detroit	(90)
	Ryanair to penetrate Bavaria from April, although if you believe the picture it's more likely to be the other way round	(18)
	People who won't give up their maids, gardeners, masseusses, and other luxuries they can no longer afford aren't douchebags with an overdeveloped sense of entitlement - they're philanthropists supporting the "guilt economy"	(30)
(Some Four Horsemen)	Sign of the apocalypse #2146: Buick and Jaguar tie for first place in vehicle reliability study	(157)
	Germany realizes the prudent thing to do might be wait to see if throwing money at the problem has any effect before unloading hundreds of billions more	(15)
	30-year mortgage rates set to fall to 4.5%. That's stimulus you can believe in	(85)
	AIG employees begin repaying their bonuses to prevent their heads from being impaled on pikes	(82)

Wed March 18, 2009

	Rather than living within their means or even fighting their foreclosures in court homeowners are now turning to internet based activists who help them physically confront eviction teams	(111)
	Major credit card issuers are slashing the credit limits of customers who pay in full every month. Suck it, personal responsibility	(103)
	Crocs auditor questions shoemaker's viability, fashion sense	(33)
	Nordstroms recalls their new girls shoes that Superman can't see through	(19)
	If you missed your chance to show outrage over AIG bonuses, don't fret - there appears to be BONUS OUTRAGE II on the horizion	(110)
	From the full of shiat report: Youtube is going to do $500 million in ad sales	(12)
	35 of the most depressing photographs you will see today. If you're looking at this at work, count yourself lucky	(423)
	AIG Chairman Edward Liddy acknowledges public outcry over 'distasteful' retention bonuses, just before lighting his cigar with a $100 bill	(104)
	State Farm recalls 800,000 teddy bears OF DEATH	(29)
	Live Nation's $6 per-ticket parking fee "is in place to alleviate traffic issues ... to ensure that all fans can enter the venue in a timely and safe manner"	(73)
	IBM looking for company to buy to increase its web presence. Sun is there	(55)
	Despite terrible economy, some companies are now offering new benefits to employees such as child care, scholarships, and expanded health care to show they actually care about their employees long-term success	(56)
(Some Dumbo)	Disney park's 'Piggy Bank Adventure' to teach families how to save money. How to save $79 per day per person plus hotel and food costs strangely absent from theme	(96)
(digital daily)	Wireless company RIM announces 50 million BlackBerrys have been sold since 1999. Company's growth leads experts to predict a rise in RIM jobs	(24)
	"These people are throwing up with anger. They're pissing up against the walls in anger. This is the most terrifying thing I have ever seen. The populist uprising has begun."	(46)
	For the first time since the dot-com bust, there is a jump in the number of undergraduate computer-science majors. Evidently Facebook and YouTube draws teens into the field	(119)

Tue March 17, 2009

	Nice guys are more successful in business, still don't get laid as much as douchebags	(48)
	Community bank actually makes a small profit because of responsible lending practices and no foreclosures or bad loans. So the FDIC gives them a poor rating	(73)
(MINA)	AIG employees disturbed by death threats, armed guards, delayed bonuses - if they show up at work at all. "I have a horrible, horrible, horrible feeling that this is going to end badly"	(351)
	"The U.S. is taking assets from competent people and giving them to incompetent people. That's bad economics"	(43)
	IRS announces new ponzi deduction	(28)
	In about 15 months Myspace is going down the crapper	(83)
	New housing starts up 22% in February	(99)
	Canadian Gov't to Banks: Here's some money. Banks: No thanks, we're good	(113)
	Caterpillar--touted a few weeks ago by Obama as the epitome of the upcoming economic turnaround--laying off 2,500 workers	(294)
	Journalism professor feels guilty about training students for an industry that's dying faster than DVD rentals, lad magazines, and Ebola-stuffed bon-bon stores	(70)
	Did you pay to properly dispose of waste oil from your service station? Here's your Superfund bill. That's with a "d" at the end	(70)
	Wal-Mart to add flavor, appearance to their soylent line of products	(23)
	Power thefts surge in bad economy, shocking few. I am re-volted by this electrifying news says former customer	(72)
	Men's wear store will refund the cost of your suit if you lose your job. Bonus: They let you keep the suit so you'll look good for job interviews	(29)
(Edmonton Sun)	Investors are turning their eye to old coins. It's change you can believe in	(20)

Mon March 16, 2009

	Remember how Citigroup's Vikram Pandit said he'd work for $1 a year until the bank returns to profit? That's easy to say when you've just pocketed $11 million	(46)
	Seattle PI to become the nation's largest daily newspaper with no paper	(34)
	Congress to AIG: Who taught you how to do this stuff? AIG: YOU, ALRIGHT? I LEARNED IT FROM WATCHING YOU	(158)
	Crude oil prices jump on news that Sci-Fi will soon be SyFy	(14)
	China says that the buyers of their products are to blame for the factories' appalling environmental effects as a result of producing cheap-assed crapola	(49)
	NY Attorney General subpoenas AIG over bonuses	(450)
	DVD rentals are up thanks to Netflix and Redbox, while Blockbuster has become the store you only visit to pick up a box of Goobers	(71)
(Some Guy)	Britain sees first drop in airline passengers since Lockerbie	(19)
	Germany's Deutsche Bank and France's Societe Generale would like to thank the American taxpayer and AIG for bailing them out	(64)
	Chinese real estate prices are taking it on the Chin	(23)
	Federal Reserve Chairman warns: "The end is nigh"	(129)
	MGM Mirage pawns their casinos to protect themselves against the vig from Vinnie the Loan Shark	(15)
	Today's newspaper to shut down after over a century of service to its community is the Tucson Citizen	(40)