And the Radio Death March continues with yet another bankruptcy for the broadcasters… NEW YORK (CNNMoney.com) — Citadel Broadcasting Co., the third-largest radio group in the United States, filed for Chapter 11 bankruptcy Sunday. The company, which has stations in 25 states, listed liabilities of $2.5 billion on assets of $1.4 billion, according to court…
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Carl Icahn Drinks Trump's Milkshake in AC
Richard Wilner, writing in the New York Post, has the skinny on the opening verbal warfare in the battle of Carl Icahn vs Donald Trump. They are fighting over The Donald’s bankrupt casino assets, including the Taj Mahal. Trump on Icahn: “(He) runs companies so badly that I think it’d be really bad for the…
about that wall of cash on the sidelines…
It’s the shock of the century! Helicopter Ben drops rates to a semi-permanent zero percent and people decide that saving is pointless! Whodathunkit? They then pull cash out of money markets and fling it at anything doing business in China or promising a decent bond yield.
Holiday Shopping Dead Today
Roosevelt Field, one of Long Island’s biggest shopping malls, was a ghost town today. The streets and parking lots around it were barely plowed and the people were clearly staying away. I was only there to take care of business at the Apple Store, which in Roosevelt Field has just moved into a ginormous space,…
Zogby on 2010: Down With Whoever's Up
Columnist John Zogby contributes to the Forbes 2010 Preview with some views on the next year in business and the economy.
About That Climate Change/ Health Care Sideshow…
As I have repeatedly said, the President’s biggest misstep has been his pursuit of climate change policy and health care reform ahead of financial stability and banking reform. Everything that was broken when he was elected is still broken, millions more have no jobs to go to and yet Obama and friends are still dicking…
Super Saturday Storm, Billions on the Line for Retailers
Today is what’s known as Super Saturday, the day when your friends who weren’t going to buy you anything for Christmas wake up in the morning, feel guilty and rush out to grab you a last minute gift. According to the Wall Street Journal, this is a big day for retailers with about $15 billion…
Video Game Timeline – We Lived It
A Timeline of Video Games
Barack and the Bankers
Cartoon by Tom Toles
The New Gameplan?
Is this the gameplan, then? “Dollar Bulls, you guys get to win Tuesdays and Thursdays, we will announce something nasty out of the Eurozone before the NY markets open on those days. Dollar Bears and Investors, y’all need to be patient and wait for Mondays, Wednesdays and alternating Fridays. On those days, we’ll throw you…
