Tag: big business
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econocrash updates: worst. decade. ever.
last decade was the worst ever in the stock marketfrom wsj: The US stock market is wrapping up what is likely to be its worst decade ever. In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s. Investors would have been better off investing in…
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comcast to buy control of nbc universal in $30b transaction
from latimes: In a momentous shift in the balance of power of the entertainment industry, cable television giant Comcast Corp. on Thursday made it official by announcing that it was buying control of NBC Universal from General Electric Co. The proposed $30-billion transaction is the culmination of the longtime ambition by Comcast’s chief executive, Brian…
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econocrash: another day, another dollar
US national debt now tops $12 trillionfrom afp: The US public debt topped 12 trillion dollars for the first time in history, Treasury officials disclosed Tuesday, moving past a key barrier that raised hackles in Congress. Treasury data showed Monday’s outstanding debt at 12.031 trillion dollars, up from 11.999 trillion on Friday. The ballooning debt…
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envirohealth: climate control & carbon indulgences
al gore’s ‘truth’ sequel stresses spiritual argument on climate* (or: man-made global warming is the new world religion) gore’s dual role: advocate & investor*gore admits co2 does not cause majority of global warming* copenhagen agreement & a scary united nations power grab*video: ‘friends of the earth’ attacks carbon trading* video: glenn beck-lord monckton debate global…
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at the base of the pyramid: creating the market for poor consumers
from wall st journal: Around the world, four billion people live in poverty. And Western companies are struggling to turn them into customers. For the past decade, business visionaries have argued that these people, dubbed the Base of the Pyramid, make up an enormous, untapped market. Some of the world’s biggest, savviest corporations have aimed…
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econocrash: dead malls, dead dollars & dead ceo’s
the world’s largest shopping mall – is empty*uk faced ‘bank runs, riots’ as rbs & hbos neared collapse*timmy’s telephone travesty:geithner only talks to goldman, citi & morgan*’death bonds’: wall street’s shocking new plan to reap billions off dying americans*kaptur: there has been a financial coup d’etat*US dollar: condition terminal*dollar reaches breaking point; banks shift reserves*gold:…
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econocrash: 10 looming bankruptcies + fdic & unemployment
10 big companies teetering towards bankruptcy from business insider: A new report by Audit Integrity identifies some high-profile names “that have the highest probability of declaring bankruptcy among publicly traded firms.” … 1. Hertz: When you have tons of debt financing your fleet of cars, falling rental demand really hurts. 2. Textron:What a tough time…
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2 More Suspicious Deaths Surrounding Banksters
James McDonald, chief executive officer of New York investment firm Rockefeller & Co., died Sunday from a single gunshot wound that was probably self- inflicted, officials in Massachusetts said.
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mouse meet spider: disney to buy marvel entertainment for $4b
from ap: The Walt Disney Co. is buying Marvel Entertainment Inc. for $4 billion in cash and stock, bringing such characters as Iron Man and Spider-Man into the family of Mickey Mouse and WALL-E. Under the deal, which was announced Monday and is expected to close by the end of the year, Disney will acquire…
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interview w/ albert lanier on crisis in journalism & new alt media
in this latest special interview episode from media monarchy, we talk to albert lanier about the current state of crisis in journalism & the emergence of the new alternative media. albert lanier is a freelance writer/journalist who has written 100s of articles for more than a dozen newspapers & magazines over his 14yr career in…
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cyber/spacewar: antisocial networking & the coming cybercom
denial-of-service attack knocks twitter offline*twitter crashes: hackers to blame?*what’s on the pentagon’s mind? facebook*marines ban twitter, myspace, facebook*skype could be cut off for good over dispute*google ceo resigns from apple board*apple & google: collusion or sleeping with the enemy?*white house cyber adviser melissa hathaway resigns*’cyber czar’ resigns;let’s not replace her*white house struggles to fill cyber…
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ceo barry diller says free internet content is a myth
from bloomberg: Barry Diller, chairman and chief executive officer of IAC/InterActiveCorp, said Web users will have to pay for what they watch and use, joining the refrain of media moguls who say an era of free Internet content is ending. The media and technology executive, whose company runs the Ask.com search engine and the Match.com…
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graves go missing as west virginia coal companies expand
from ap: Walter Young can’t find his great-grandmother’s grave. The coal company that had it moved doesn’t know where the remains ended up. “It always looked like a safe, good place nobody would bother,” the 63-year-old retiree said of the cemetery along Pigeon Creek where his relative, Martha Curry, was buried. “It was up on…
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does the united states make anything anymore?
from ap: It may seem like the country that used to make everything is on the brink of making nothing. In January, 207,000 U.S. manufacturing jobs vanished in the largest one-month drop since October 1982. Factory activity is hovering at a 28-year low. Even before the recession, plants were hemorrhaging work to foreign competitors with…