By: Roshawn Watson
In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Below are links to some of these sites. Enjoy!
I am especially appreciative to Pimp Your Finances, Computer Finances, the Skilled Investor, Frugal Logic, and Money Ning for hosting the Money Hacks Carnival, Festival of Frugality, and the Carnival of Financial Planning. I am happy that our The Thrift Paradox: Is Frugality Hurting the Economy? post was referenced by all five sites. Thanks for spreading the word!
Posts of the Week Citigroup posts $8.9 B loss, splits up company
In response, BOA asked for an additional $138 billion in US bailout funds
Could the bailout be unconstitutional?
Global Corporate connection…fascinating pic
To Be Young, Rocker, Rapper, and RICH : spending habits of music stars
Business News
Citigroup posts $8.9 B loss, splits up company (POW)
Circuit city to shut down all stores
Circuit city closeout sale does NOT mean rock bottom prices (i.e. only 10% discount)
New York Times receives $250 million loan from Mexican Billionaire Carlos Slim Helu
Bank of America posts first lost: effect of Merrill Lynch merger
In response, BOA asked for an additional $138 billion in US bailout funds (POW)
Fiat acquires 35% share in Chrysler
True Ponzi scheme: Madoff may not have made any trades
In lean times, McDonald’s only gets fatter
Toyota outsells GM for the first time in 2008
Economy
The “Bad Bank” concept is Wall Street voodoo and could fleece tax payers
Could the bailout be unconstitutional? (POW)
8 out of 10 corporations have tax havens (i.e. offshore accounts)
Entertainment Money News
To Be Young, Rocker, Rapper, and RICH : spending habits of music stars (POW)
Olivia Newton-John sells home for $10 million
Offbeat Money News
Six words that make your resume suck
Outsourced chores come back own