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Monthly Archives: February 2009
The State Of Advertising
If you search for “NASCAR sponsorship problems” at Google, there are over half-a-million results. NASCAR has seen a huge decline in advertisers. So much so, that entire race teams have been laid-off. It’s not just racing that is being hurt in this economic downturn. Most professional sports, such as the PGA, are feeling the crunch. [...]
Largest Renewable Energy Co. On Cap And Trade
JUNO BEACH, Fla. – President Barack Obama’s fiscal year 2010 budget projects federal revenue from a cap-and-trade program to address climate change as early as the year 2012. Lew Hay, chairman and CEO of FPL Group, the nation’s No. 1 producer of renewable energy from wind and solar power, issued the following statement today: “This [...]
Proposed Budget Includes Cap And Trade
The new budget proposed by the President includes a new cap-and-trade program for greenhouse gas emissions. Revenues from a national cap-and-trade system for greenhouse gas emissions would come from auctions of emissions permits. The program will generate $650 billion between 2012 and 2019. The President said, “Because our future depends on our ability to break [...]
30 Seconds To Mars Vs. EMI
30 Seconds to Mars is still in an intense legal battle with EMI records. Jared Leto recently put out this news release: Still fighting the good fight here in the City of Angels. Working nonstop in the laboratory, experimenting with any and everything. So many exciting things happening we wish we could share them with [...]
Two More Virgin Megastores Closing
In August of 2007, Related Co. and Vornado (two real estate companies) acquired the Virgin Entertainment Group North America. These closing will reduce the number of Virgin Megastores from 11 to 3. The two latest closings are slated for Union Square, New York City and Market Street, San Francisco. Previously the company announced the closing [...]
Iggy & The Stooges on the Death of Ron Asheton
Ronald Frank Asheton July 17, 1948 – January 6, 2009 We are shocked and shaken by the news of Ron’s death. He was a great friend, brother, musician, trooper. Irreplaceable. He will be missed. For all that knew him behind the façade of Mr Cool & Quirky, he was a kind-hearted, genuine, warm person who [...]
The Ever Shrinking Economy
Washington, DC — The Commerce Department released its report on the 4th Quarter GDP. Though it was expected to be bad, it came in even worse — down 6.2 percent on an annual rate.
FDIC Changes Charges
In 2007, there were 3 bank failures. In 2008, there were 25 bank failures. So far in 2009, there have been 13 bank failures. The Federal Deposit Insurance Corporation expects bank failures will cost the insurance fund $65 billion through 2013. In response, the FDIC is raising fees on banks, as well as, adding emergency [...]
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