UPDATE: People Haven’t Returned Hyundais b/c They Weren’t Yet Eligible
recession
AIG Who? Company Name Removed From Facade Of New York Building
By 3.23.09
Gothamist has some photos of 175 Water Street in NYC — which until recently proudly displayed the name and logo of the American International Group. What happened?
AIG Turns Over The Names Of Bonus Recipients
By 3.20.09
AIG has complied with Andrew Cuomo’s subpoena and turned over the names of the bonus recipients. The NY AG has released a statement about the issue, which you can read inside.
35 Sad Photos Of The Recession
By 3.18.09
A photographic tour of the recession, as told through 35 depressing photos! Here’s one of a hotel manager kicking in the door on a soon-to-be ex-tenant. The caption on the Getty photo by John Moore reads, “The tenant said that he was laid off from his job in a retail store two months ago and had fallen behind on his rent payments at the low-budget hotel.”
Recession Best Thing Ever For Non-Graybeards
By 3.17.09
Ever notice how most of the people bitching the hardest about the recession are old people? Here’s an alternative view, and how the economic meltdown might just be the best thing ever if you’re under 35, have a job, and aren’t strapped with debt. [MSN] (Photo: hanapbuhay)
50% Of Americans 2 Paychecks Away From Having Big Financial Problemos
By 3.11.09
Whatever happened to developing an emergency fund to cover rainy day expenses? Apparently many Americans haven’t heard of this practice (or at least aren’t applying it) and now with the economy in the tanker, their financial lives are hanging by a thread. US News reports that half of Americans are two paychecks away from hardship.
Five Ways To Stretch Your Money
By 3.8.09
We could all use a little extra spending cash in our pocket these days. Help wring a little more cash into your savings account with these five tips from Wisebread…
Shrink Ray Turned On Latest Issue Of GOOD Magazine
By 3.5.09
The latest issue of GOOD magazine, which arrived in our mailbox yesterday, seems to be equal parts tongue-in-cheek and an actual attempt to save money on printing. To be honest, it’s the first time we ever made it entirely through a magazine in one sitting, so in that sense we kind of like the new format, even if it’s just for one issue. Of note: if your resume sucks, you can enter it in their resume-makeover contest.
Microsoft Tells Broken Xbox Owners To Find Their Own Shipping Boxes
By 3.2.09
Reader Zach’s Xbox 360 just suffered its second Red Ring of Death. He dutifully called up Microsoft customer support to get a shipping box to mail his Xbox in for repairs, and instead was told he’d need to find his own box and ship it himself.
Girl Scout Cookie Sales Are Down, And Some Jerk Is Paying With Fake Money
By 3.2.09
Delicious though they may be, Girl Scout Cookies are not recession-proof. Sales are down by as much as half according to one troop leader.
Five Things Worth Paying For In A Recession
By 3.1.09
Just because the economy is imploding doesn’t mean you should entirely freeze your spending. The Wall Street Journal brings us a list of five things that are well worth their price, even in a recession.
Bartering Makes A Comeback
By 3.1.09
Capitalism isn’t doing well these days leading the entrepreneurial among us to embrace bartering. Traffic to Craigslist’s bartering section has more than doubled since last year as people to try to make use of skills that might not otherwise have much value.
From Sprint Call Center Exec To Baker In Five Years
By 3.1.09
Meet John Eller. Five years ago, he was a Sprint executive earning $150,000 for managing 7,000 employees at 13 call centers. Today, he’s a grocery store baker making $10 an hour. The Times tells us he’s not the only former executive now working for minimum wage.
Sharing Restaurant Dishes Is Becoming Slightly More Acceptable
By 2.28.09
Good news thrifty diners, you’re not the only ones asking to share dishes at restaurants these days. Thanks to the recession, it’s becoming acceptable for everyone to split their dishes, and restaurants aren’t complaining. “Now all bets are off,” said David Pogrebin, manager of the snazzy French restaurant Brasserie. “People are not ashamed of being frugal.”
See The Bank Failure And Foreclosure Rates In Your State
By 2.27.09
CNN Money has put together a couple of quick interactive maps of the U.S. that let you see the bank failure rates and foreclosure rates for each state. According to these two maps, Wyoming is the place to be.
Here's The Math Formula That Ruined Our Economy
By 2.25.09
Now if your kids ask you why they have to learn math, you can tell them, “Because if you don’t, you could ruin the global economy, you little beast.” Wired has just published an article that traces the entire clusterfrak back to a formula published in 2000 by a mathemetician working for JPMorgan Chase. Bankers loved its simplicity but completely misused it—despite warnings from academics that it was flawed—to turn pretty much every security into a triple-A, no-risk fabrication.
NYSE Thinking About Chucking $1 Rule
By 2.25.09
The New York Stock Exchange is thinking about getting rid of the pesky rule that your company’s stock needs to trade above $1 for it to remain listed. [Yahoo! Finance] (Photo: woodendesigner)
