silhouette of grounded fishing boat

BP pays off fishermen as oil spill destroys sea life

The BP oil leak has sidelined fishermen as the oil spill in the Gulf of Mexico rages. BP has been cutting checks to settle claims for a Gulf fishing industry in limbo, but those payments are a drop in the bucket compared to the oil spill cleanup costs BP has incurred so far. About 65
Harvard Hacked Page

Hackers plant pages on university websites

In an apparent exploitation of security holes, for-profit hackers have uploaded unauthorized pages to hundreds of universities’ websites. None of the schools knew of the pages’ existence. These pages were planted with the intent of making the hackers money, though it appears no personal information was compromised. Hacker pages on higher ed websites The attack
Nighttime photo of the federal building in Birmingham, Ala.

Funding for Birmingham construction jobs has dried up

According to Alabama Live, approximately 30 percent of all Birmingham area construction jobs have dried up over the past three years. It isn’t because contracts are few and far between, report experts like Henry Hagood of Alabama Associated General Contractors. Corporate boards and CEOs simply haven’t had the confidence to sign off. Birmingham construction jobs
Mark Sanford, current governor of South Carolina.

South Carolina House overturns veto of payday loan bill

On June 7, South Carolina Governor Mark Sanford issued a veto of H.3790, a payday loan bill that would have extended the payment term of the standard loans to an untenable 120 days or more while still requiring the same fees. Furthermore, H.3790 would have eliminated unsecured loans in South Carolina and outlawed the common
a mousetrap, baited with a wadded up dollar bill

Fed monetary stimulus struggles to fight out of liquidity trap

The Federal Reserve is experimenting with the money supply in an effort to bring a flagging U.S. economic recovery back on track. To keep interest rates that are already near zero down, the Fed is taking interest from its vast pool of mortgage-backed securities and buying U.S. Treasury notes and bonds. This practice, called monetary
Fish Oil

Fish oil taken during pregnancy has questionable effect

In a study published by the Journal of the American Medical Association, the correlation of fish oil with smarter babies is questioned. The study of almost 2,400 women lasted for more than four years. The results suggested some positive effects of fish oil but nothing conclusive. The hypothesis of fish oil Some observational studies of
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Government Hiring, but Retirees Running for Cash Advance Loans

Uncle Sam Tightening his Belt Defense establishments in the country are on a hiring spree, and have hired 97,445 people in the first nine months of 2009. There’s more to this than meets the eyes as the government is also looking to retire a number of employees in order to control the budget. Should people

College fund for your child | Considering the 529 plan

If you have a child, no matter the age, today is the day to start planning for their college education. Even the smallest of starts can, over time, accumulate to a nice amount of extra cash when your child is ready to start college. “But where do I put the money?” There are so many
Skymall Jumpin Jammerz page.

Think Jumpin Jammerz for comfort and convenience

You no doubt remember where you were when Kid ‘N Play exclaimed that it was time for a pajama jammie jam in the film “House Party.” Be still your beating hearts, consumers, because it’s time to take the floor in your footed pajamas again, thanks to Jumpin Jammerz. At, you can rediscover the miracle
Bones of a Woolly Mammoth

Woolly Mammoths breaking through the Siberian permafrost

Watch out, the woolly mammoths are coming back! In the frozen Russian north, under the Siberian permafrost, hunters are once again going out in search of the giant woolly mammoths to support their families. Only now, it’s the bones of their long-dead prey, rather than the woolly mammoths themselves – that they are going after
Consumer hand squeezes credit card

Credit rating bureaus have double standard for handling disputes

Credit Rating Bureaus issue reports that affect the financial life of everyone who has ever used or will ever use credit. All consumers are judged by their credit rating when it comes to credit cards, mortgages and even job offers.  It may be disturbing to some, however, to learn that the bureaus have a two-tiered
carnival spendor fire sets vessel adrift

Carnival Splendor fire sets cruise ship adrift off Baja, Calif.

An engine room fire aboard the Carnival Splendor set the cruise ship adrift 55 miles off the coast of Baja California Monday. The Carnival Splendor fire knocked out power to the ship and left it dead in the water without working toilets, air conditioning, hot food or telephone service. The U.S. Coast Guard and the
Xerox products have gotten smaller, but its business is getting bigger. Image from Flikr.

Affiliated Computer Services Sells to Xerox Corp.

Xerox makes largest-ever purchase Xerox has seen a decline in demand for its services, and now it has decided to buy Affiliated Computer Services Inc. for $6.4 billion and shift the focus of its business. Xerox will pay $18.60 a share in cash and 4.935 Xerox shares for each Affiliated Computer Services share. reports

Mortgage modification programs under fire from Republicans

The federal mortgage modification program is fast becoming a target for criticism as a failed program. Congressional Republicans have announced intentions on scrapping federal mortgage relief programs, which have been dismal failures. Foreclosures on failing mortgages  have slowed, but procedural issues are hampering the foreclosure processes nationwide. Failed mortgage relief programs prime target for spending

IBM to purchase Unica Corporation for $480 million

In an effort to help the technology giant provide customers effective tools to create more focused marketing campaigns, International Business Machines Corp. has announced it will buy marketing software maker Unica Corp. for $480 million. IBM, which recently purchased Web analytics vendor Coremetrics, is offering Unica holders $21 a share. According to the Wall Street
Your forced recovery awaits (Photo:

Rex 84 | Your Internment Camp Awaits You

What’s an Internment Specialist, daddy? “All tyranny needs to gain a foothold is for people of good conscience to remain silent.” – Thomas Jefferson Did you know that the United States Army National Guard has been advertising job openings for “Internment Specialists?” Who would we be rounding up for internment, anyway? The United States hasn’t