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Stories Tagged With Finance

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FUNNY

SAD

8 Pikks

 

Most luxury cars are sold to poor people and other factoids

86% of all luxury vehicles are driven by people who are not millionaires. $16 what most millionaires pay for a haircut (including tip) [more] [retweet] [Share] [widget] [share]
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1 comment (last by bowlofsoup)
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HOORAY!

BOO!

14 Pikks

 

Senate Rejects 15% Limit on Credit-Card Interest Rates

Despite complaints that banks and credit card companies are gouging customers by charging outrageous interest rates, the Senate on Wednesday easily turned back an effort to cap interest rates at 15 percent. [more] [retweet] [Share] [widget] [share]
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14 comments (last by onionheadhat)
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APPROVE

OBJECT

12 Pikks

 

House Passes Credit Card Bill That Helps Consumers

Bill would restrict late fees and sudden interest rate changes. Riding a crest of populist anger, the House on Thursday approved a bill to restrict credit card practices and eliminate sudden increases in interest rates and late fees that have enta [more] [retweet] [Share] [widget] [share]
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8 comments (last by bowlofsoup)
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SURPRISING

NOT

12 Pikks

 

AIG Employees to Repay $50 Million in Bonuses

It had been a brutal week inside AIG Financial Products. News that the firm had doled out more than $165 million in retention payments over the past week had angered the country and sent lawmakers into fits of rage. American International Group's pres [more] [retweet] [Share] [widget] [share]
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FAIR

FOUL

13 Pikks

 

Jon Stewart ridicules CNBC's Cramer for pre-crash recommendations

The LA Times reports today that a full out media war is bubbling up between Comedy Central's Jon Stewart and CNBC's Jim Cramer. Stewart is mocking Cramer for his recorded recommendations to buy Bear Stearns in the weeks and days leading up to it's ta [more] [retweet] [Share] [widget] [share]
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2 comments (last by randyc)
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INTERESTING

BORING

3 Pikks

 

Recipe for Disaster: The Formula That Killed Wall Street

A year ago, it was hardly unthinkable that a math wizard like David X. Li might someday earn a Nobel Prize. After all, financial economists—even Wall Street quants—have received the Nobel in economics before, and Li's work on measuring risk has ha [more] [retweet] [Share] [widget] [share]
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SMART

DUMB

15 Pikks

 

American Express offering cardholders $300 to get lost

There was a time when carrying an American Express card gave one a sense of elevated self-importance. So how do you suppose those customers feel today when the company offers them $300 if they will pay off their balance and get lost?  [more] [retweet] [Share] [widget] [share]
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THRIVE

FAIL

31 Pikks

 

Noca - cheaper paypal competitor that only uses checking accounts

Noca, an online payments start-up we wrote about last year, is launching its official payment service today. Formed by ex-Visa employees, Noca originally offered a micro-payments system via two Facebook applications, OneClickPay and HelpYourWorld. The [more] [retweet] [Share] [widget] [share]
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10 comments (last by kapauldo)
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YES

NO

17 Pikks

 

Should this guy leave his fiancee?

The primary cause of our arguments is the inequality in our relationship. Dee graduated almost three and a half years ago and has a career that she loves. The problem is that I am still in school and have at least two more years until I receive a deg [more] [retweet] [Share] [widget] [share]
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3 comments (last by cjr)
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HERO

JERK

7 Pikks

 

Calling Foreign Debt 'Immoral,' Leader Allows Ecuador to Default

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Ecuador's President Rafael Correa said yesterday that his nation is defaulting on its foreign debt, fulfilling his longtime populist pledge to leave international creditors in the lurch. The default, Ecuador's second in 10 years, could rattle alrea [more] [retweet] [Share] [widget] [share]
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2 comments (last by randyc)
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HERO

JERK

13 Pikks

 

Cook County sheriff refuses to evict any more people from homes

He's not going to throw people out of evicted homes anymore, says he's mostly evicting renters. "In an op-ed piece in the Chicago Sun-Times explaining his decision, Sheriff Tom Dart said that "too many times," his deputies have arrived at foreclosed  [more] [retweet] [Share] [widget] [share]
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FUNNY

FOUL

23 Pikks

 

Lehman Brothers ex-CEO punched in the face at the gym

Fuld
Click [more] for pic of him leaving the Capitol after testifying. After testifying, he went to the gym and somebody clocked him. "Fuld testified before the House Oversight Committee yesterday, blaming everyone but himself for Lehman's collapse, an a [more] [retweet] [Share] [widget] [share]
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14 comments (last by kapauldo)
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