New York Times
Should Big Banks Be Using Bailout Money To Buy Other Banks?
One of the big problems with the current financial crisis is that banks aren't giving loans to qualified borrowers anymore. Yadda, yadda, yadda, dreaded 'credit crunch' ensues. But, as some secretive New York Times reporting recently revealed, some banks are less concerned with that and more concerned with buying out all their competitors.
Dudes, seriously?
Times cuts 550 jobs - stock goes up
So, I feel bad that 550 people from the New York Times are now jobless, but it seems to have given a boost to the company’s stock price, which was up almost 2% this morning.
The reason given for the cut is that sales of the newspaper have steadily been declining. Apparently people are going ONLINE to get their news and info. Go figure.
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