If you’re planning on getting and iPhone 5 when it launches in a few weeks, you might want to be proactive about pre-ordering, because Apple is allegedly having trouble getting enough screens. [More]
An August plane crash in the Democratic Republic of Congo was blamed on a balance in the small aircraft. But what caused that loss of balance? According to the flight’s only survivor, the passengers were running away from a stowaway on the flight: a live crocodile. [More]
Business Insider says that the usually calm and collected Facebook CEO Mark Zuckerberg “seemed to melt on stage,” while answering questions from industry insiders at the All Things D Conference. They also report that Mr. Zuckerberg told the crowd that he doesn’t believe in giving users the choice to “opt-in” to privacy changes because back when Facebook introduced the “news feed” everyone freaked out — but it turned out OK in the end. [More]
The NY Post says that Heinz has found a way to decrease the amount of salt in their beloved ketchup — without changing the taste. Or so they say. [More]
Might there be more to last week’s crash than a “fat fingered” trade, or someone mistakenly entering a “billion” instead of a “million?” An online stock trader has a video showing an unusual spike in trading volume, followed by a very quick sell-off, by funds at large investment firms BlackRock and Vanguard and some other funds 30 to 15 minutes before the big crash. Prescience? Watch the video, check the logs, and decide for yourself. [More]
Treasury Secretary Tim Geithner will meet with federal regulators and top officials from the NYSE and other exchanges to dicuss whatever the hell happened last Thursday that caused the stock market to completely freak out. [More]
Sneaking a smoke in an airplane bathroom is not a good idea these days. You may accidentally set off a Jerry Bruckeimer movie. Much like the recent incident where a drunk guy started yelling about jihad on a cruise ship accidentally activating a full on action movie, today we bring you the story of a Qatari diplomat whose secret cigarette on a United Airlines flight from Washington to Denver caused fighter jets to be scrambled. [More]
Gawker shared photos of pillaged Safeway and Wegmans stores in the Washington, D.C. metro area. Maybe it’s my roots in upstate New York’s snow belt, but I have to ask: D.C., you do remember that snow melts, right?
See, this is the effect of mass weather-induced panic and, apparently, an area almost wholly dependent on takeout food.
The food companies say we are on the brink of a sugar shortage that will wreak havoc on your candy bars and all that. According to the WSJ several large food companies including Kraft Foods Inc., General Mills Inc., Hershey Co. and Mars Inc. sent a letter to Agriculture Secretary Tom Vilsack warning that the US could run out of sugar if we don’t get rid of some tariffs.
Ned wears a neck brace when he flies, not because he’s injured or disabled, but because he prefers it to one of those floofy neck pillows. This didn’t sit well with a Delta flight attendant who was intent on keeping disabled-looking folks out of the emergency exit aisle. The attendant wouldn’t leave Ned alone, even after Ned demonstrated his range of mobility and explained that the brace was from a minor car accident thirty-three years ago. Ned managed to hold onto his seat after a chat with the senior flight attendant, but the original flight attendant later came back, “got in [Ned's] face ñ literally, just inches away” and complained that Ned had “bucked his authority.”
Shares of banking stocks are dragging down the markets as investors become increasingly convinced that the banks will be nationalized, says Reuters. Investors are shunning the companies, worried that shareholders will be wiped out in a government takeover, and are fleeing to U.S. Government bonds and gold, which rose to above $1,000 an ounce.
Yesterday, Jim Cramer annoyed Ann Curry by saying the following words on her little television program, which is known as The Today Show: “Ok, whatever money you may need for the next five years, please, take it out of the stock market. Right now. This week. I do not believe that you should risk those assets in the stock market.”
The Federal Reserve today announced the creation of something called the Commercial Paper Funding Facility (CPFF), that will buy commercial paper directly from issuers. So, you’re asking yourself, what is commercial paper? Why do I care that the Federal Reserve is buying it?
Times are changing. Flickr pool member jamesmarino alerts us to the fact that the Lehman Brothers headquarters in Times Square is now broadcasting its new ownership.
The SEC has temporarily banned short selling of 799 financial stocks, and the Treasury Department has said that it would guarantee (temporarily?) money market funds up to the amount of $50 billion. The New York Times called this move “startling” because money market funds have long been considered one of the safest investments — about as safe as a savings account.
Regulators are trotting around Washington Mutual trying to get banks interested in buying it. It’s sort of like in the old days when the local beauty queen, last scion of the largest landowner in the county, would get maimed in a horrible combine accident and the town elders would trot her catatonic body around to arrange a marriage so all her fields wouldn’t turn fallow and destroy the local economy for years to come. Wasn’t that given treatment in Faulkner? As I Lay Hemmoraghing Equity?