Archive for February, 2009
Pay to pee? Oh Ryanair, you must be joking.
Ireland-based airline, Ryanair, may have a new business plan that smudges their previous perception of being low-cost. In an interview this morning with BBC, CEO Michael O’Leary revealed that they might begin charging passengers to use the toilet:
“One thing we have looked at in the past and are looking at again is the possibility of [...]
NBA to borrow $200 million
We know times are tough when pro sports teams have to borrow money.
The National Basketball Association is set to borrow $200 million to help out 15 undisclosed teams close out their operating losses. Most of the details aren’t available at this point, but we do know that no team shall receive more than $13.33 million. [...]
Verizon Wireless sued for lying about New York City taxes
Verizon Wireless finds themselves in a new class action lawsuit that alleges the carrier misrepresented a “metropolitan commuter transportation district” tax charged to New York consumers, according to RCR Wireless News.
“[The] defendant stated in its monthly bills to consumers, as well as in other places, that this charge was a tax that defendant is ‘required [...]
Obama budget:War On The Wealthy?
A major portion of the Obama budget plan has been released. Essentially it is a Robin Hood approach in which the plan will increase taxation on the rich and offer benefits to the middle class. I’m going to rattle off some of the main points of the Obama budget plan and follow it up with [...]
Barack Obama: I’m doing my part, now do yours!
With the incessant talk of the introduction of new bills, stimulus plans, etc. that have surrounded Obama’s presidency since he stepped into office, I was interested, and quite nervous for that matter, to hear what possibly more he had planned to instate as a means of reviving our economy. Well, first of all, he definitely [...]
Reinstate the uptick rule NOW!
Feb. 25 (Bloomberg) – “Federal Reserve Chairman Ben S. Bernanke (pictured left) said there may be a benefit in resurrecting a rule that restricts short-selling stocks when share prices are falling amid the current bear market.
“In the kind of environment we have seen more recently” the so-called uptick rule “might have had some benefit,” Bernanke [...]
WG Trading, Westgate Capital under fraud investigation
WG Trading is the next to step into the firing line as four men were charged this morning with conspiracy in what authorities called a $550 million securities- fraud scheme. Westgate Capital, a Greenwich Connecticut based broker-dealer, is said by the FBI to have fraudulent activities that date back to 1996.
Paul Greenwood and Stephen Walsh, [...]
