Category Business

Car Karma

An insurance expert crunches the numbers and discovers your star sign might account for your dismal driving record. It seems Leos are the best drivers and Libras are the worst.

Watch the insurance number crunchers looking for ways to charge more : Link

I’m #3 down the list of best drivers. What number are you?

Blockbuster, CEO at odds over bonus; Wanted $7.6 Million and only got $2.3

Everybody altogether now…. Awwwwwwww:

Blockbuster Inc. says it is in discussions with its chief executive over his 2006 bonus, as it reported a 28 percent drop in its fourth-quarter profit, which took a hit on store closures.

Blockbuster’s board said in a regulatory filing with the Securities and Exchange Commission that it awarded CEO John Antioco a $2.28 million bonus in January, in addition to his 2006 salary and deferred compensation of $2.5 million. However, Antioco said that based on the company’s 2006 senior bonus plan and performance goals, he is entitled to a $7.65 million bonus.

The company said it will reserve $4.5 million to deal with the discrepancy over the payout.

The Acquisition Price Guide

Tristan Lous and Google Blogoscope put together a list of some recent tech acquisitions.

Google Acquires YouTube for $1.65 Billion

MOUNTAIN VIEW, Calif., October 9, 2006 – Google Inc. (NASDAQ: GOOG) announced today that it has agreed to acquire YouTube, the consumer media company for people to watch and share original videos through a Web experience, for $1.65 billion in a stock-for-stock transaction. Following the acquisition, YouTube will operate independently to preserve its successful brand and passionate community.

The acquisition combines one of the largest and fastest growing online video entertainment communities with Google’s expertise in organizing information and creating new models for advertising on the Internet. The combined companies will focus on providing a better, more comprehensive experience for users interested in uploading, watching and sharing videos, and will offer new opportunities for professional content owners to distribute their work to reach a vast new audience.

(via Kottke)

Air America May Declare Bankruptcy


I never listened to it.

Air America Radio will announce a major restructuring on Friday, which is expected to include a bankruptcy filing, three independent sources have told ThinkProgress.

Air America could remain on the air under the deal, but significant personnel changes are already in the works. Sources say five Air America employees were laid off yesterday and were told there would be no severance without capital infusion or bankruptcy. Also, Air America has ended its relationship with host Jerry Springer.

Does Wal-Mart Increase Poverty Rates?

A new study claims that Wal-Mart raises poverty rates in the counties where its stores are located.

A study published in the latest issue of Social Science Quarterly is the first to examine the effect of Wal-Mart stores on poverty rates. The study found that nationwide an estimated 20,000 families have fallen below the official poverty line as a result of the chain’s expansion. During the last decade, dependence on the food stamp program nationwide increased by 8 percent, while in counties with Wal-Mart stores the increase was almost twice as large at 15.3 percent. “After controlling for other factors determining changes in the poverty rate over time, we find that both counties with more initial Wal-Mart stores and with more additions of stores between 1987 and 1998 experienced greater increases (or smaller decreases) in family poverty rates during the 1990’s economic boom period,” Stephan Goetz a Professor of Agricultural and Regional Economics at The Pennsylvania State University states. Although Wal-Mart employs many people living in its communities, for most, the hours worked and the wages paid do not help these families transition out of poverty.

(Thanks PVC)

How Celebrities Go Bankrupt

A pretty good article from Legalzoom on celebrities and their loose wallets:

Being a financial tamer sounds easier than it actually is. One Hollywood financial advisor, Scott Feinstein, told the New York Times about a call he received from a client in his mid-twenties who wanted to buy a $35,000 watch. “I said ‘What time does it say?’ and he said, ‘Ten minutes after 3.'” Feinstein recalled. “I told him, ‘Mine says 10 after 3 too, and it cost me 60 bucks. Put the watch down.'”

(via My2SecondShelfLife)

Man Who Bought MIG on Ebay Wants Refund

Seems he didn’t check to see if it could be shipped to China.

BEIJING (Reuters) – A Chinese businessman who bought a Russian fighter jet online wants his money back after finding it could not be shipped to China, state media reported on Tuesday.

Zhang Cheng, a Beijing businessman, bid $24,730 and paid a $2,000 deposit for the former Czech air force plane on Chinese-based eBay, Xinhua news agency said.

But legal experts informed Zhang that the MiG-21, located in Idaho in the United States, was “almost impossible to ship back,” Xinhua said, quoting the Beijing Times.

Moreover, the seller had clearly confined the destination of the plane to the United States and Canada, Xinhua quoted a member of eBay’s public relations staff as saying.

The Diffusion of Wal-Mart

The University of Minnesota’s Thomas Holmes Movie of Wal-Mart Store Openings, illustrating each store opening in the United States from 1962 to 2004.

(via Robot Wisdom)

8 Types of Meeting Attendees

This is pretty dead on. Be sure to check out the comments for some other good suggestions.

Creative Commons License