The coolest place on the internet, according to this tagline.
AskArchiveFAQ

October 29, 2011
9:51 // 2 years ago
October 28, 2011
8:35 // 2 years ago
October 5, 2011
It may be too early now to talk about the Law of Unintended Consequences, but years from now, we may owe a debt to reforms like Dodd-Frank for finally weaning us off the physical wallet and encouraging us to experiment with the new technologies helping to create the Digital Wallet.
The Washington Post’s Dominic Basulto • Arguing that Dodd-Frank’s side effects — such as Bank of America's decision to start charging people for the right to use a debit card — will be great in the long run, because it will push consumers and businesses to stop relying on banks for these sorts of services, instead going for phone-based options, provided by companies such as Google or Square, instead. Basuito compares Bank of America's controversial move to Netflix's price-raising scheme, and suggests it will hurt them long-term. source (viafollow)
1:01 // 3 years ago
April 13, 2011
Israel’s Lieberman may face graft charges
Avigdor’s looming legal troubles: Israeli Foreign Minister Avigdor Lieberman learned from Attorney General Yehuda Weinstein today that he may face charges of graft, a tarnish that could potentially force his resignation. It’s alleged that Lieberman used shell companies, among other methods, to illictly rake in nearly $1,200,000 while serving in public office. Lieberman was already a controversial figure in Israeli politics — you may remember his proposal that all Israeli citizens pledge a loyalty oath or have their voting rights revoked. source
Follow ShortFormBlog

Avigdor’s looming legal troubles: Israeli Foreign Minister Avigdor Lieberman learned from Attorney General Yehuda Weinstein today that he may face charges of graft, a tarnish that could potentially force his resignation. It’s alleged that Lieberman used shell companies, among other methods, to illictly rake in nearly $1,200,000 while serving in public office. Lieberman was already a controversial figure in Israeli politics — you may remember his proposal that all Israeli citizens pledge a loyalty oath or have their voting rights revoked. source

Follow ShortFormBlog

16:22 // 3 years ago
March 4, 2011

Jared Loughner faces fresh charges in Arizona shooting rampage

  • 49 total charges for the gunman who shot Gabrielle Giffords source

» Focusing on the other victims: This time, the charges focus less on Gabrielle Giffords (the only wounded victim still in the hospital or in rehabilitation) and more on those killed or wounded in the attack. Some of the charges include murder charges in the death of a federal judge and congressional aide, as well as charges revolving around causing death or injury at a federally-provided event. Let’s be honest, though. No matter how many charges they nail him for – or at least try to – the fact of the matter is, he’ll be punished severely when he’s convicted.

Read ShortFormBlogFollow

15:35 // 3 years ago
February 17, 2011

Justice Department nabs Medicare fraud suspects in sweep

  • 111 people were charged with defrauding Medicare, a record bust
  • $225 million the amount defendants reportedly attempted to defraud source
15:31 // 3 years ago
January 22, 2011

Bank of America takes epic charge on its hot mortgage mess

  • $2.24
    billion
    the amount the bailed-out Bank of America lost in 2010, hurt by charges due to their Countrywide merger
  • $4.1
    billion
    the size of the charge they had to take for investors with claims against their mortgage securities  source

» Why such a big charge? Apparently, someone at Bank of America (or Countrywide) was really bad at doing paperwork, or was trying to push through half-baked mortgages. Because both were named as factors in creating the huge charges which resulted from investors making claims against them. Most of the fees are headed to Fannie Mae and Freddie Mac, by the way. Had this charge (and a separate $2 billion goodwill charge related to the Countrywide merger) not been there, Bank of America would’ve been profitable in the fourth quarter.

Read ShortFormBlogFollow

10:53 // 3 years ago
January 9, 2011

Jared Lee Loughner charged: Gabrielle Giffords shooting update

  • NO the second person of interest wasn’t involved at all source

» Other updates: Jared Lee Loughner has been charged with five separate criminal charges, including multiple counts of murder and attempted assassination of a U.S. congresswoman – with evidence in the incident coming from, on top of other sources, surveillance tape. Loughner, by the way, isn’t talking, but he did leave a note on an envelope for investigators scoping out his home: “I planned ahead.” With the envelope was a letter from Giffords in appreciation of Loughner’s visit to a similar 2007 event as the one on Saturday. Oh, and the initial 911 call was released. Whew.

Read ShortFormBlogFollow

19:56 // 3 years ago