money

Daily News Roundup: Marriage, Money and More…

Wednesday, November 12th, 2008

Gay marriage scored a victory Wednesday in Connecticut. A Superior Court judge issued its final ruling to uphold the earlier 4 to 3 Connecticut State Supreme Court ruling that said same-sex couples have the right to wed. This recent news stands in sharp contrast to California’s Prop. 8 referendum that banned same-sex unions in that state.

Where in the world is Osama bin Laden? That is exactly what President-elect Barack Obama wants to know according to his national security advisers. Obama plans to renew the United States’ commitment to finding the al Qaeda leader. During the Oct. 7 presidential debate, Obama said, “We will kill bin Laden. We will crush al Qaeda. That has to be our biggest national security priority.”

And Obama appears to be sticking to his principles and promisesPresident-elect Barack Obama will not allow lobbyists to help pay for any costs related to his transition to power said his transition team yesterday. As he promised to keep big-time money interests and lobbyists out of his campaign, Obama remains firm that lobbyists will not foot his transition and inauguration bills.

Mo’ money, mo’ money, mo’ money for more finance companies? U.S. Treasury Secretary Paulson is seeking to include non-bank financial institutions, such as credit card, car loan and student loan companies into the government’s $700 billion bailout. Paulson said Wednesday that he wants to help American households and businesses have access to various credit and borrowing options. Apparently, there is still $350 billion that is uncommitted after putting the first half into direct capital investments into banks.

And for troubled homeowners, the verdict is still out on government help. The House Committee on Financial Services is looking at what the banking industry can do to help distressed homeowners. Chairman of the committee, Rep. Barney Frank, told CNN “not all borrowers should necessarily be rescued.” Some banks like Citigroup and IndyMac have taken matters into their own hands and launched homeowner programs. Yet “Mark Zandi, chief economist for Moody’s Economy.com, estimates that 1.6 million Americans will lose their homes this year through foreclosure or distressed sale, and that another 1.9 million families will lose their homes in 2009.”

On the tech front…. Hoping for a boost in e-mail users, Google adds video and audio chatting to Gmail with new service called Google Talk. Although video and audio chatting aren’t new technologies, Google’s the first major email provider to add the new technology directly to its email system. Google wants to gain the lead on Yahoo and Microsoft, which still have more users.

Bad Economy = Big Book Bucks

Thursday, September 25th, 2008

Perhaps there is one silver lining on the Wall Street financial crisis. According to a recent Associated Press story, books about America’s big money troubles are making the big bucks.

Nancy Sheppard, the vice president of marketing at Viking publishing told AP: ”When the world seems to be ending, people still turn to books for help.”

Viking published the Amazon best selling Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism by Kevin Phillips. Like the title implies, the book discusses a new phenomenon called “bad money” in which the U.S. is dependent on the global economy and makes a series of risk miscalculations with financial products. Does this sound familiar?

Another Amazon best-seller is Naomi Klein’s The Shock Doctrine: The Rise of Disaster Capitalism. Her book talks about the economic policy decisions that politicians were able to pull off because of natural disasters, wars or other catastrophic events. Hmmm….

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“I certainly was in the [w]right!”—R.I.P. Richard Wright

Thursday, September 18th, 2008

“HuHuh! I was in the right!”
“Yes, absolutely in the right!”
“I certainly was in the right!”
“You was definitely in the right. That geezer was cruising for a
bruising!”
“Yeah!”
“Why does anyone do anything?”
“I don’t know, I was really drunk at the time!”
“I was just telling him, he couldn’t get into number 2. He was asking
why he wasn’t coming up on freely, after I was yelling and
screaming and telling him why he wasn’t coming up on freely.
It came as a heavy blow, but we sorted the matter out”

-Last lines of Pink Floyd’s “Money”

Richard Wright, David Gilmour, Nick Mason and Roger Waters, circa 1974. Photo courtesy of AP.

There are some people who measure their lives through small achievements. There are those whose lives are marked by big goalposts. And then there’s the group who divide their existences into epochs defined by which songs they were listening to at which time.

I, like Cameron Crowe, Quentin Tarantino, and Nick Hornby, belong to that last camp. Certain songs can play for only an instant and I’m immediately shuttled to another moment. It’s the easiest form of time travel, really…just press play, and you’re gone. What would H.G. Wells have to say about that?

Pink Floyd, more than any other band, invariably parses my life into discrete segments.So I was affected by the death of band keyboardist Richard Wright, who passed away from cancer Monday. (more…)

P+P @ The DNC

Monday, August 25th, 2008

Pop + Politics is one of 120 blogs officially credentialed to cover the Democratic National Convention at the end of this month. We are—as they say—flooding the zone, with more than three reporters hitting the ground, covering all aspects of this historic convention. Watch our coverage as we talk to delegates, voters, and protestors, covering events and afterparties, all day, every day for the duration of the fest.

But we (still) need your help. We are also going to the RNC and need your support to coverage the convention!

Please help support online journalism, and send your donations to our non-profit, here.

New York Times Does a Story about Female Bloggers (Again)

Monday, August 18th, 2008

Hot on the heels of last month’s story about the BlogHer conference, which generated much controversy, not so much because of the content in the well-done story, but because of its placement in the Style section, there’s another story about female bloggers. This time the piece lands in the Technology section.

Interestingly, it almost has an opposite thesis of the Style section article. This piece says that the female-centric, so-called “mommy blogs,” are becoming major money makers. The sites are a huge draw for big retailers like JC Penney and Macy’s because women are the prime shoppers in the family and make the decision when it comes to buying goods.