Eery comparison between today’s market and 1929. __________ With Toyota (TM) going through hell over their massive car recall, it’s interesting to note six myths about car recalls . __________ What are the odds of becoming a billionaire? Or living to 100? Or about 50 other things? __________ Continue reading Daily Blogwatch: Valentine Gifts for Billionaires; Plus, 10 Black Swans for 2010 Daily Blogwatch: Valentine Gifts for Billionaires; Plus, 10 Black Swans for 2010 originally appeared on DailyFinance on Thu, 11 Feb 2010 08:30:00. Permalink | Tweet this! | Comments

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Daily Blogwatch: Valentine Gifts for Billionaires; Plus, 10 Black Swans for 2010

Filed under: Company News , Media , News Corp. If cable news was like high school, Glenn Beck would be voted “Most Polarizing.” He’s despised by liberals and beloved by conservatives (and anyone who loves weepy men) . But like that high school geek who astounded the more popular kids when he went on to make a fortune, Beck has shocked onlookers by managing to cement his role in the Fox News line-up even though he caused many of the show’s top advertisers to flee. His offense: describing President Obama as “racist.” On a broadcast of Fox & Friends in July, Beck interjected during a discussion of the Professor Henry Louis Gates Jr. affair to add this about Obama: “I’m not saying he doesn’t like white people, I’m saying he has a problem. This guy is, I believe, a racist.” The result? Major advertisers fled his show , including top-end marketers such as Mercedes-Benz USA and Infiniti, according to Gawker. Continue reading Why the loss of big-name advertisers doesn’t matter to Glenn Beck Why the loss of big-name advertisers doesn’t matter to Glenn Beck originally appeared on DailyFinance on Mon, 30 Nov 2009 19:00:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Why the loss of big-name advertisers doesn’t matter to Glenn Beck

Filed under: Economy , Media Controversy over the secret global agreement on copyrights and counterfeiting being pushed by the United States erupted Monday after a leaked European Union document emerged suggesting the U.S. is pushing other nations to adopt a draconian global uniform policy. If established, the treaty could involve re-writing the law in many countries — including the U.S. — to include a “three strikes” policy similar to one recently passed in France, as well as possibly even jail time — yes, jail time — for Internet pirates. President Barack Obama used an executive order last spring to keep the negotiations secret on “national security” grounds, but for the last several weeks , the Anti-Counterfeiting Trade Agreement, as it’s called, has elicited growing cries of alarm . Continue reading Leaked document says EU fears Obama backs ‘three strikes’ for Net pirates Leaked document says EU fears Obama backs ‘three strikes’ for Net pirates originally appeared on DailyFinance on Mon, 30 Nov 2009 20:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Leaked document says EU fears Obama backs ‘three strikes’ for Net pirates

Filed under: Economy Nylon seems like an innocuous enough product, but the material used to make goods like rope and pantyhose appears to have pushed the United States and China closer to a full-blown trade war. Accusing U.S. nylon manufacturers of dumping nylon 6 on the Chinese market, China’s Ministry of Commerce has made a preliminary decision to impose a steep 30 percent tariff on the material — also known as polycaprolactam — the agency’s website says. The People’s Republic said “nylon 6 is widely used in the manufacture of hosiery, knitted garments, threads, ropes, filaments, nets and tire cords.” The U.S. is not the only country getting hit with a tariff on this special type of nylon. Smaller ones will be imposed on the European Union, Russia and Taiwan, the agency says. But as the U.S. and China have already had their share of recent trade dust-ups, this latest action suggests the two countries may be headed for an out-and-out trade war. The Obama Administration has already imposed a tariff on Chinese rubber imports. And China is looking into whether American chicken suppliers are dumping chickens into its markets. Continue reading Trade war watch: China threatens 30 percent tariff on U.S. nylon Trade war watch: China threatens 30 percent tariff on U.S. nylon originally appeared on DailyFinance on Tue, 20 Oct 2009 05:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Trade war watch: China threatens 30 percent tariff on U.S. nylon

Filed under: Company News , Technology The blogosphere is burning with news that the European Union is investigating reports of exploding Apple ( AAPL ) handheld devices. A French teenager allegedly received moderate injuries when his girlfriend’s iPhone exploded near his face. Another report held that an iPod touch blew up. Should you call the bomb squad to take away your iPhone? Nah. Just don’t pay as much attention to breathless tales on the ‘Net. Here’s the real scoop. Continue reading Exploding iPhones: Fearmongering Exploding iPhones: Fearmongering originally appeared on DailyFinance on Tue, 18 Aug 2009 15:20:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Filed under: Company News , Economy Deutsche Bank AG ( DB ) Chief Executive Josef Ackermann is not buying all the talk about economic recovery beginning to take hold. In fact, the head of Germany’s biggest bank went out of his way to raise red flags about things that may still go further south. Earlier this week, Deutsche Bank set aside about $1 billion for risky loans in the second quarter, a seven fold increase, according to Bloomberg News. Unemployment in the 27-member European Union hit a 13-year high in June of 9.4 percent. Many economists expect the U.S. joblessness rate to surpass 10 percent by the end of next year. Continue reading Deutche Bank CEO sees more problems ahead for the world economy Deutche Bank CEO sees more problems ahead for the world economy originally appeared on DailyFinance on Fri, 31 Jul 2009 14:50:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Deutche Bank CEO sees more problems ahead for the world economy