By: Roshawn Watson
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US homes lose of $2 trillion dollars in value in 2008
“Home prices have been hit hard, yet there is still no end in sight to the foreclosure crisis”
Auto bailout approved: Automakers to get $17.4 billion
Scathing NY times article on Wall Street excess: On Wall Street, the bonuses, not profits are real
Goldman Sachs takes $10 Billion while decreasing their US taxes by 33%.
Humor
$700 Billion Bailout Celebrated With Lavish $800 Billion Executive Party (“I enjoyed this one. Here’s a quote “”It’s never ideal for private corporations to rely on public funding, but we would not have been able to survive another week without letting loose and throwing this massive bash,” Merrill Lynch CEO John Thain)
Suddenly I feel financially saavy
Dirty jobs (OK, I do not think this one is suppose to be funny, there is a certain humor about bragging about castrating a lamb with your teeth)
Business
Auto bailout approved: Automakers to get $17.4 billion (POW)
What makes a car American: do we have a patriotic duty to bail out these automakers?
Division within Goldman Sachs loss last quarter what it made the previous year
Goldman Sachs takes $10 Billion while decreasing their US taxes by 33% (POW)
Economy
US homes lose of $2 trillion dollars in value in 2008 (POW)
December Layoffs exceed 115,000
On Wall Street, the bonuses, not profits are real(POW)
The $8 trillion dollar bailout
Entertainment Money News
The day the earth stood still rockets to number 1 at the box office ($31 million)
Whitney Houston sued by stepmom
Music sales this week(guess who’s number 1 again)
Could Madonna’s $76 million divorce settlement be inaccurate?
Dennis Quaid settles with Cedars over Twins OD
Offbeat Money News
Want to know the next “cool” online savings tools
Is cybersquatting illegal? (Earlier this year, we reported on Kathy Griffin lawsuit over kathygriffin dot com; this article discusses key issues)
How a family of seven lives on $44,000 per year (We all have some things to learn from these guys)