Freddie Mac Suffers $861 Million Loss

The Federal Home Loan Mortgage Corporation (Freddie Mac to you and me) is facing losses far worse than analystis predicted. The FHLM exists to create a secondary market for mortgages, and its business model seems not...

We Quote, Unquote and uh... "Misquote"

Say Prof, what is the definition of history again? In my (small and dusty) dictionary it says and I quote: History\His"to*ry\[Latin: historia, Greek: 'istori`a, English: hysteria} - oops.....

Credit Rating agencies may be prosecuted under EU draft

Rating AAA, good friends make it possible, banks traded internal securities, futures, bank guarantees, or simply "fancy stuff" like Bush said, with virtual no control. The fancy comfort rating system causing the sub-prime crises will be banned from Europe. Worthless home...

Italy prepares to charge Google execs: sources

"MILAN (Reuters) - Italian prosecutors are preparing to file charges against four current or former Google Inc (GOOG.O: Quote, Profile, Research) executives over a 2006 video on the Internet provider's ...

Court order on YouTube user data fans privacy fears

"NEW YORK/SAN FRANCISCO (Reuters) - A U.S. judge's order to Google Inc (GOOG.O: Quote, Profile, Research) to turn over YouTube user data to Viacom Inc (VIAb.N: Quote, Profile, Research) sparked an outcry on...

She Survived to Tell the World, A Holocaust Story

"In an age when Iranian President Mahmoud Ahmadinejad openly declares the Holocaust a myth, it is increasingly important to tell people the truth of what happened, and Tosia Schneidner has made that her life’s mission.“There is no occurrence that was better documented...

Consumers Favor Hybrid Technologies

"Americans, to quote JFK, seem willing to "pay any price" to achieve better gas mileage. As gasoline prices pass $4 a gallon, consumers remain high on hybrids. That holds true both before and after the average market price -- $5,000 -- is revealed, according to the J.D....

Hostile bid for Anheuser-Busch could get ugly

That is an update to Brazilians place an unsolicited $46.3bn bid for Anheuser- Busch and Is Budweiser an American icon ? " Belgian-Brazilian InBev may get a warmer welcome in St. Louis if it raises its $46.3...

Jeff Jarvis to the AP: "FU"

Wow, a serious fight is underway between the AP and the blogosphere.  Jeff Jarvis posted this on his blog yesterday:"I talked to a reporter this week about the embattled Associated Press and said three times...

"We're not for sale," says Harris Corp CEO

"U.S. defense communications and information technology company Harris Corp (HRS.N: Quote, Profile, Research), breaking its silence after weeks of speculation, said on Monday the company is not for sale and is not...

Sightseers hold-up traffic on new bridge

I know that China is a very large country and that it is difficult for officials to ignore rules and regulations but one would think that they could have allowed a week or two for people to experience the wonderful...

Ozzie Guillen Profanity Tirade

"Perhaps it's appropriate that Ozzie Guillen would unleash one of his patented expletive-filled tirades on Chicago fans, the Cubs, and media outlets just a few short days removed from the 25th anniversary of Lee...

Make Sure to Pick up your Free Comic on May 3rd!

Free comics!To address the decline in comic book sales in early 2002, comic retailers and publishers came up with Free Comic Book Day. Basically, walk into any participating comic book store and you'll get at least...

Indie Rock the Vote: Arcade Fire and Superchunk Team for Obama Campaign Shows

"Arcade Fire and Superchunk Team for Obama Campaign ShowsBy Eliot Van Buskirk EmailApril 22, 2008 | 5:57:33 PMCategories: Shows Barack Obama's iPod contains some Jay-Z songs, but his campaign will receive a boost...

Rape is like force-fed chocolate cake?

"Most sensible Brits have been scandalized by a revelation that a candidate for the London Assembly believes "rape is simply sex." Yes, that's an actual quote, straight from the blog of the British National Party's...

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