Posts Tagged ‘recession’
Fashion, Homepage - Tuesday, June 9, 2009 14:38 - 5 Comments
Wow, That’s A Big Ass Chain
There were plenty of unforgettable sights and sounds at Hot 97’s Summer Jam. One of them being T-Pain’s debut of a big ass chain, literally. This $410,000, 10-lb, 197 karat diamond monstrosity has some people loving it, and some people crying out ignorance in this time of financial recession. To be fair though, if there is one person who has not felt the fickle fate of this new music industry, it’s Teddy. What’s your take? Hit the link for more pics.
Business, Homepage, News - Tuesday, June 2, 2009 16:14 - 1 Comment
Going Once…?
After 722 days on the market, 50 Cent has taken his Farmington, Connecticut mansion out of the running for a new resident. The Hartford Courant reported that the 50,000-square-foot home’s asking price of $14.5 million was too much to attract potential buyers.
Business, Homepage, Politics - Monday, June 1, 2009 15:27 - 3 Comments
Obama claims ‘New Beginning For GM’ After Bankruptcy
After years of losses, the troubled car manufacturer is forced into bankruptcy. GM is set to close a dozen facilities and cut more than 20,000 jobs. General Motors filed for bankruptcy protection earlier today, a move that became inevitable after years of losses and market share declines capped by a dramatic plunge in sales in recent months. President Obama today announced that General Motors was entering bankruptcy protection, and that the federal government was giving it an additional $30 billion, making taxpayers a 60% owner of the auto giant. “Understand we’re making these investments not because I want to spend the American people’s tax dollars, but because I want to protect them. Instead of taking so much stock in GM, we could have simply offered the company more loans.”
Homepage, Politics, Rumors - Wednesday, May 20, 2009 10:36 - 7 Comments
Meeting of the Minds
Just a few weeks ago on May 5th, the leading American paper chasers, including Bill Gates, Warren Buffett, George Soros and Oprah Winfrey attended a secret meeting to discuss the crumbling world economy. Held in New York in the President’s Room at Rockefeller University, the meeting was called by Warren Buffett, CEO of Berkshire-Hathaway; Bill Gates, co founder of Microsoft; and David Rockefeller Jr., chairman of Rockefeller Financial Services.
According to IrishCentral.com, ” In their letter of invitation, Gates, Buffett and Rockefeller cited the worldwide recession and the urgent need to plan for the future. They said they wanted to hear the views of a broad range of key leaders in the financial and philanthropic fields. Each attendee was given 15 minutes to deliver a presentation on how they saw the future global economic climate, the future priorities for philanthropy, and what they felt the elite group should do.”
They cited Warren Buffett as being the most “resistant” to some of the ideas raised, while Oprah Winfrey was said to be among the most silent during the meeting. Other attendees, who too are among the uber rich include New York City Mayor Michael Bloomberg, Eli and Edythe Broad, John Morgridge (CISCO), Peter Peterson (Blackstone Group), Julian Robertson (founder of Tiger Management), Ted Turner (founder of CNN) and others. The net worth of those in the meeting toppled over $200 Billion.
In the Magazine, Source TV - Friday, April 24, 2009 13:36 - 3 Comments
The Source Green Issue: Busta Rhymes exclusive
Busta reps The Source in this exclusive vid. Watch this spitkicker explain why he’s recession-proof….and then some. Cop The Source Green issue now!
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