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Ticket-Crazed Virginia Hands Out 6,996 in One Weekend
In the olden days, cops handed out traffic tickets to keep us safe; in our brave, new, cash-strapped world, states and municipalities are pushing police to hand out as many as possible—for the money...
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Facebook Pulled in $800M in '09
Facebook made a lot more money last year than it let on. The company’s actual revenues were close to $800 million, sources tell Reuters , which translates into tens of millions in profits. Facebook had...
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So What's in the Debt Deal?
No revenues, big budget cuts—what exactly is in the debt-ceiling deal? Ezra Klein sums it up in the Washington Post : $1 trillion in immediate cuts with at least $1.5 trillion more to come; a vote on a...
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Facebook Beats Estimates in First Earnings
Facebook reported its first quarterly earnings since going public today, and though the company lost $157 million, or 8 cents per share, it performed better than analysts were expecting, Bloomberg...
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Ryan's New Budget Axes ObamaCare, $5T in Spending
Paul Ryan is unveiling his latest budget proposal, and this time, he says, it'll balance in 10 years—half the time he claimed for his previous budget, NPR notes, because he's including new revenue from...
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What the 7 Fastest-Shrinking US Companies Have in Common
It's not terribly common for companies to see revenue drop by double-digit percentages, but in coming up with entries for its list of America's fastest-shrinking companies, 24/7 Wall St. found that...
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Steve Ballmer's Secret $10M Site on Gov't Spending Debuts
Ask Steve Ballmer about the project he's been quietly working on since he retired as CEO of Microsoft , and he starts gushing with the "excitement of a child showing off a new toy," per the New York...
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'Pretty Dire' Situation for NPR in COVID-19 Climate
On Thursday night, New York Times media columnist Ben Smith reported on a "pretty dire email" from National Public Radio CEO John Lansing, and the news was dire indeed: The nonprofit media group is...
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As Advertisers Flee Twitter, 'Unpalatable Options' for Musk
In his own words, Elon Musk has been "cutting costs like crazy" since his takeover last year of Twitter, in an effort to fend off an expected negative cash flow for the company of about $3 billion in...
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