Archive for March, 2009
I’m not a mind reader, but my car is.
Hands-free, voice activated technology? Please, that is so 2008.
Honda Motor Co. is developing a way to read electric current patterns on a person’s scalp as well as changes in cerebral flow.
That’s right, voice-free technology.
So far, they have shown their success to-date by analyzing four thought patterns (move right hand, move left hand, run, and eat) and [...]
Making Work Pay Tax Credit means more money in your paycheck
Starting April 1st, less taxes may be pulled from your paychecks. No, don’t thank me. Thank Obama’s “Making Work Pay Tax Credit”.
The Making Work Pay Tax Credit will put back 6.2% of a worker’s “earned” income (which includes salary, commissions and other compensation) into their paychecks, with a maximum credit of $800 for a married couple filing [...]
Cuomo puts Chase in its place
News emerged Monday morning that, per New York Attorney General, Andrew Cuomo’s orders, Chase Bank USA has agreed to stop charging a $10 per month service charge it added to 184,000 of its credit card accounts. Furthermore, again thanks to the work of Mr. Cuomo, Chase will be refunding somewhere in the range $4.4 million [...]
Bye bye Byron!
Chicago-based investment banker and advisor to billionaire investor Warren Buffet, Byron Trott, will be leaving Goldman Sachs Group Inc after 27 years with the company.
Byron Trott, according to a couple sources close to him, will be leaving to start his own company, a merchant-banking fund that will invest in and advise companies controlled by families [...]
G.M. CEO Rick Wagoner is asked for his resignation; Detroit given one last chance
President Obama delivered what could be compared to a shape-up or ship-out ultimatum to the gasping automobile industry on Monday.
“And so today, I am announcing that my administration will offer G.M. and Chrysler a limited period of time to work with creditors, unions and other stakeholders to fundamentally restructure in a way that would justify [...]
California says: Black is Wack!
Well, black cars that is. California Air Resource Board will be requiring cars, starting in 2012, to maintain a 20 percent reflection of solar energy (click here for the complete presentation). The thinking behind it is: cars that reflect less light get hotter and as a result their owners use more air conditioning, which requires more [...]
MGM cuts it close, Dubai World cuts its ties
MGM Mirage dropped $200 million on its City Center project, in order to meet their payment due date of Friday. Had MGM missed this payment, it was likely that the project would be halted from construction and possibly fallen into bankruptcy.
So, why is this news? Well, half of the payment was supposed to be paid [...]
