By: Roshawn Watson
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Posts Of Week
S and P falls to lowest level since 1997
Jaguar Land Rover asks for bailout (pure silliness)
B Of A CEO sees record credit card losses for industry
Business
Citi saved by US government agrees to guarantee $300 billion bad assets and infuse $20 billion into the bank
Swedish CEO says he will work for free (Admirable to put company before personal gain)
AIG CEO slashes salary to $1 and cancels bonuses for top executives through 2009
IKEA employee Steals $400K in less than a year (Shame)
Teenage CEOs
Economy
President-Elect Obama plans to generate 2.5 Million Jobs in 2 -years
Fed pledges exceed $7.6 Trillion to ease frozen credit
Average gasoline price below $2, cheapest since 2005
Real Estate
Want to stop the subprime mess: let the unscrupulous lenders foot the bill (interesting opinion but most American consumers are not completely innocent on this one)
Entertainment Money News
Twilight takes $70.6 million bite out of box office (Largest debut for female director)
Meg Ryan’s home for sale for $19.5 Million
Disgraced and bankrupt athlete’s (Michael Vick’s) “chump change”
Michael Jackson’s $7 million dollar lawsuit settled
Tiger Woods $10 million GM endorsement deal canceled amid company’s financial woes
Offbeat Money News
Court decides obese have right to two airlines seats for price of one