Tag: FINANCIAL CRISIS

Wanna know where the stock market is headed? According to new research from Indiana University, Twitter may hold the answer. Indiana's Johan Bollen and his team of researchers recently investigated whether Twitter could be used as an accurate stock market weather vane, based on the presumption that the microblogging platform could give some insight into the mood of the country. To test their ...

The owner and operator of GoldmanSachs666.com, Mike Morgan clearly makes no effort to cover up his distaste for the Goldman Sachs Group. In fact, the Floridian's hatred for the financial firm runs so deep that he recently turned down an anonymous $2 million offer for the rights to the Web site, according to DailyFinance. Morgan started the site after he became outraged by the federal ...

Maybe people have lost their jobs and now have more time on their hands. Maybe it's better to have a companion during hard times than to go it alone. Or, maybe, people are just looking for a little romantic excitement to take their minds off the dismal economy. Regardless of the reasons, as the economy has taken a nosedive, online dating Web sites have been soaring. A recent survey conducted for ...

The book and music retailer Borders may soon be removing CDs and DVDs from its stores' shelves, according to a report in the Consumerist. Apparently, this past Monday, a Borders employee wrote the Consumerist, claiming that "most Borders [stores]" will remove 75-percent of their CD and DVD inventory over the next couple of months. According to this tipster, whose veracity has not been ...

With layoffs continuing and unemployment rates hitting record highs, companies have been radically cutting costs since last fall. A new report reveals an unexpected way to cut costs that doesn't involve any firings: Turn off company computers at night. Conducted by 1E (an energy-management software company) and the Alliance to Save Energy, the 2009 PC Energy report estimates that U.S., U.K., ...

Apparently, the creators of Konami's new Wii soccer game didn't get the memo; stateside, 'AIG' has nearly become a four-letter word. According to MTV's Multiplayer blog, in the introductory scene of 'Pro Evolution Soccer 2009,' those three infamous letters appear on the blue jerseys of the Manchester United, the British powerhouse that the corporation has sponsored of late. While this might get ...

digg_url ='http://www.switched.com/2009/03/10/affluence-org-facebook-for-rich-folks/'; There are social networks for everyone, so it shouldn't come as a shock that there's one for rich people who would like to befriend other rich people, exclusively. As far as we know, however, Robin Leach isn't a member. Dubbing itself the "exclusive organization of the world's wealthiest people," ...

Your local coffee shop or cafe probably has a tip jar hanging out by the cash register with a few odd coins and crumpled bills tossed in for the baristas and sandwich makers to split. Take a look inside and you'll realize it's probably not enough to help anyone pay for college. A new online tip jar also isn't going to give you any extra funds to pay down your debt, either, but it might just give ...

We have seen no greater example of exactly why we are in our current dire financial straights than the new MySpace-branded credit card. In what we can only assume is a conspiracy by News Corp (owner of MySpace, Fox News and the Wall Street Journal) to ensure that the younger generation will be subject to the same crippling debt that we are, the social networking service has lent its brand name ...

We all need to remain constantly aware of the new and more ingenious ways that cyber-criminals are phishing for our personal information. Taking advantage of the current economic climate and the new government stimulus package, con artists are now offering promises of increased and expedited stimulus earnings. Hustlers lure their hopeful prey with messages directing the target to a Web site ...

You know that legend about how, when the economy is bad, people still want to escape to the movies by spending $11 for a ticket and $5 for a bucket of popcorn? Well, it's holding true right now. According to analysts with the company Media by Numbers, movie ticket sales are up 17.5-percent this year to $1.7 billion, while attendance has leaped by almost 16-percent. The New York Times notes ...

A Boston couple, Gina and Emilio Reis, recently arrived home from a Circuit City liquidation sale only to discover that their new purchase, which bore a hefty price tag, was worthless. Unfortunately for the couple, they also learned that they're now stuck with their brand new, and completely shattered, $1,100 television. The store displayed numerous signs, inlcuding "All Sales Final," "Do Not ...

While their men sit in front of financial Web sites sobbing, Wall Street wives and girlfriends are now logging onto their own Web sites and commiserating, according to the London Times. The blog, called Dating a Banker Anonymous, affords "DABA Girls" the opportunity to bemoan the dwindling passions (and allowances) they face in the wake of the economic downturn. Precariously perched between ...

The financial crisis is actually proving to be a boon, for some. Finance-themed Web sites have seen huge increases in traffic, and even the little guys are noticing massive numbers of new visitors. Understandably, major online financial outlets like the Wall Street Journal, AOL Money and Finance, and Yahoo! Finance have seen record levels of daily traffic, but it's what has been happening at the ...