- IAC Interactive expressed interest in buying Yahoo Personals, using the logic that unemployed people have more time to look for trim on the Internet. Seeing as dating usually costs money, which is generally scarce for the unemployed, could we suggest instead a Redtube buy? Oh well – if anyone actually has the scratch to [...]
Entries from April 30th, 2009
The Consumer Conundrum
April 30th, 2009 · 10 Comments · retail
Yesterday: Consumer confidence is up! Everybody rally! Today: Consumer spending is down! Continuing job claims are up! Everybody… rally? Sounds like we’re all still consumption-minded, but troubled by niggling pay cuts, unemployment and the inability to use our homes as ATMs any more. In other words, is everyone is going to the mall, walking around [...]
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Chrysler To Do Something Today
April 30th, 2009 · 9 Comments · Uncategorized
Here at LOLFed, somewhat like an actual news source, we may from time to time prepare images well in advance of some expected news. You would not believe the cache of CEO-gets-fired pictures we have at the ready. We have CEO-gets-fired pictures ready for people who are still working on their MBAs. I had the [...]
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The Ken Lewis Ouster: Halfway There
April 29th, 2009 · 5 Comments · all ur bankz, breaking news
It’s not really a full-on BOOT, because he retains the CEO position, but AP is reporting that Ken Lewis is no longer Bank of America’s Chairman of the Board: CHARLOTTE, N.C. (AP) — Ken Lewis has been ousted as chairman of Bank of America Corp. after shareholders angry about the company’s acquisition of Merrill Lynch [...]
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Fed: We’ll Keep Cranking The Printing Press At The Same Rate
April 29th, 2009 · 1 Comment · bernanke
FOMC statement reports shop-as-usual. They say the economy is continuing to shrink, but not as fast as it was shrinking, so they’ll keep trying to print us out of it at the rate they’ve been going, reiterating their targets for injecting cash into the system this year and our enduring ZIRP: The Committee will maintain [...]
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