FORTUNE Small Business : Fortune Small Business ranks the 50 best places to start a small business in the U.S. Read the whole story: FORTUNE Small Business
Archive for October 18th, 2009
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How Moody’s Sold It’s Rating – And Sold Out Investors
October 18th, 2009 
McClatchy : As the housing market collapsed in late 2007, Moody’s Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country into its worst financial crisis since the Great Depression. Read the whole story: McClatchy
Where The Wild Things Are Wins Box Office
October 18th, 2009 Around the Web: Box Office Mojo Yahoo! Movies – Weekend Box Office and Buzz Where the Wild Things Are Was ‘Paranormal Activity’s’ Trek Into Theaters a Viral Phenomenon or Just a Ruse?
Women’s Wages Rose Faster Than Men’s During Recession
October 18th, 2009 WASHINGTON — The economy shrank less than expected in the second quarter as businesses and consumers trimmed their spending at a slower pace, buttressing beliefs that the economy is now growing. The 0.7 percent dip in gross domestic product for the April-June quarter follows the 6.4 percent annualized drop in the first three months of this year, the worst slide in nearly three decades. In the final quarter of last year, the economy sank at a rate of 5.4 percent The new reading on second-quarter GDP, reported by the Commerce Department on Wednesday, shows the economy shrinking less than the 1 percent pace previously estimated
SEC Charges 3 Men In $14 Million Ponzi Scheme That Targeted Haitians In Florida, New Jersey
October 18th, 2009 MIAMI — Three men are accused of running a Ponzi scheme that scammed more than $14 million from hundreds of Haitian-American investors in South Florida and New Jersey. In a complaint filed Friday, the Securities and Exchange Commission said Ronnie Eugene Bass Jr., Abner Alabre and Brian Taglieri promised to double their clients’ money every 90 days through their HomePals Investment Club. “The extraordinary promises made by these three men spread by word of mouth throughout a close-knit community,” said Glenn Gordon, associate director of the SEC’s Miami regional office.
Frank Rich: Goldman Can Spare You A Dime
October 18th, 2009 New York Times : As leader of the Wall Street pack, Goldman declared surging profits, keeping it on track to dispense a record $23 billion in bonuses for 2009. But most Americans know all too well that only the intervention of billions of dollars in taxpayer bailout money saved Goldman from the dire fate of its less well-connected competitors. The growing ranks of under-and-unemployed Americans, meanwhile, are waiting with increasing desperation for a recovery of their own.
