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Business & Finance

$700 Billion Bailout Celebrated

theonion.com — 4-tons of Beluga caviar and $250,000 bottles of vintage Dom Pérignon were on hand for America's CEOs to celebrate the historic bailout.More… (Business & Finance)


U.S. homes lose $2 trillion in value in '08

money.cnn.com — American homeowners will collectively lose more than $2 trillion in home value by the end of 2008, according to a report released today. Home values have dropped 8.4% year-over-year during the first three quarters of 2008, compared with the same period of 2007. Some 11.7 million Americans owe more on their mortgages than their homes are worth.More… (Business & Finance)


Delta to Roll Out Wi-Fi on Some Flights

news.cnet.com — The wireless service, which will allow passengers to connect to the Internet via Wi-Fi-enabled laptops, PDAs, or smartphones, will cost $9.95 on flights of three hours or less, and $12.95 on flights of more than three hours. The airline is partnering with Aircell, which also supplies in-flight Wi-Fi technology to other carriers, such as American AiMore… (Business & Finance)


Laid Off? You Have 62 Days to Get Health Coverage

health.com — Make sure you know your health-insurance rights and options, because once you get that pink slip you have no time to lose. Here's what you need to do within...More… (Business & Finance)


Is cybersquatting against the law?

slate.com — The George W. Bush Library Foundation has retrieved its domain name. A small Internet company had bought www.georgewbushlibrary.com for less than $10 after it expired and then sold it back it to the library for $35,000. Is that legal?More… (Business & Finance)


Casinos rolling snake eyes in bad economy

msnbc.msn.com — Casinos, lottery agencies and racetracks are losing money as gamblers play it safe, laying to rest once and for all the old nostrum that gambling is a recession-proof industry. The Nevada Gaming Control Board reported last week that revenue at the state’s casinos fell by 22 percent in October, compared with the same month last year.More… (Business & Finance)


New Bubble, Same Old Frauds

forbes.com — Enron and Worldcom, Madoff and Dreier. Is anyone really surprised?More… (Business & Finance)


Nobel economist calls for gold standard, blames Keynesians

fordham.edu — John Forbes Nash Jr., Ph.D., winner of the 1994 Nobel Memorial Prize in Economic Sciences, discusses the need for gold standard or other standard capable of fighting inflation & blames Keynesian economic theories which have sold the public on the notion that inflation is acceptable, leading to bad mortgage loans which led to the economic meltdownMore… (Business & Finance)


In Hollywood, It Still Pays To Be A Man

forbes.com — While women earn less than men in all fields, the difference is particularly egregious in Hollywood because of a long-standing belief that female stars are bad for box office, according to Professor Martha Lauzen of the Center for the Study of Women in Television and Film at San Diego State University.More… (Business & Finance)


12 Unusual Things Affected by the Financial Crisis

mentalfloss.com — It’s hard to find something not impacted by our current financial crisis. Here are 12 examples of what the recession means for specific things, from Spam to sex addiction.More… (Business & Finance)


Why that $73/hr Figure is a Lie

nytimes.com — That figure — repeated on television and in newspapers as the average pay of a Big Three autoworker — has become a big symbol in the fight over what should happen to Detroit. But the truth is very different.More… (Business & Finance)


The 75-Year-Old Man Who Is Unwinding Lehman Brothers

nytimes.com — A 75-year-old lion of the bankruptcy bar, Mr. Miller has been consumed by the largest corporate liquidation in American history: Lehman Brothers, the storied investment bank that set off one of the most harrowing episodes in the financial crisis when it collapsed in mid-September.More… (Business & Finance)


Fund Fraud Hits Big Names

online.wsj.com — Bernard Madoff's alleged Ponzi scheme ensnared some big-name investors, including New York Mets owner Fred Wilpon and GMAC Chairman J. Ezra Merkin. International banks and hedge funds may also have placed significant funds in what could become one of the largest financial scams in history.More… (Business & Finance)


December's tally: 115,416 job cuts so far

money.cnn.com — Including yours truly. And more every day.More… (Business & Finance)


Nobel Economist: Bail Out Homeowners, Not Banks

fora.tv — "We should be helping at the bottom end, not at the top," he says.More… (Business & Finance)

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