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AP - After achieving notable success in dealing with the worst economic crisis in decades, major countries are now struggling to manage the global recovery.
Culture Buzz I still don't get why Madoff didn't run or ride the bullet train. Here are the things you need to do if you've got means and need to flee the country.
Yes, it's clearly fundraising for a good cause. But did they come up with this gala idea before the economy collapsed? I'm actually skimping and going for the $25,000 ticket, because times are tough.
http://books.google.com/books?id=DTJJAAAAMAAJ&printse...
Prepare for the end of civilization now with your very own war garden. Google Books has a full scan of the 1918 classic, “War Vegetable Gardening and the Home Storage of Vegetables.” The section on turnips is especially fascinating.
http://www.cynical-c.com/?p=12313
Even the Christian Right is suffering in this economy. Who would Jesus fire? I guess 202 people just found out in Colorado Springs.
Business Buzz Bank holding companies are the new hotness. Just transform your business from whatever it is now — say, American Express or Petco — to a bank holding company, and you can line up for some that sweet bailout cash. It's not so easy. But a number of companies are mulling the change to get more help from the government in the form of cold, hard currency.
Business Buzz The major U.S. electronics retailer bites the dust. Welcome to the Christmas Shopping Season of Doom (TM)! Yes, this year, instead of having big end-of-year sales, it's going to be all about layoffs and padlocked doors.
Business Buzz A collection of bad news emails from some of the suddenly smaller startups out there. Hard economic times are also full of opportunities: For instance, the opportunity to practice firing people via email.
Culture Buzz The pop culture magazine is shutting down (again). The web site will stick around for now, though they’re revamping it to be a TMZ competitor. Sad times.
Business Buzz Naked short selling has played a key role in the current financial crisis, but what the hell is it? Here’s one definition: Naked short selling, or naked shorting, is the practice of selling a stock short, without first borrowing the shares or ensuring that the shares can be borrowed as is done in a conventional short sale. When the seller does not obtain the shares within the required time frame, the result is known as a “fail to deliver”. However, the transaction generally remains open until the shares are acquired by the seller or the seller’s broker, allowing a trade to occur when the order is filled.
Along with everything else in the economy, crude futures are looking down. With fears that the economic slowdown is going to be long-term, futures for oil keep dropping. Oil futures are another gauge of the general market outlook.
Business Buzz Housing prices are one key index of the current global crisis. How far might they drop? It’s still anybody’s guess, but with foreclosures up and inventory growing (and the on-going credit crisis) it may be a while until the prices stabilize.
A map of the no votes from the House on the failed bailout bill. Click through to see more data: Who voted no, where the no votes came form and where they fall on the political spectrum.
Yikes. Looks like we have a really big problem here, society.
And you thought these reactions were bad. A million face palms is not…
