Mashable (Free subscription) | 12/07/2009
... investors will be recouping their investments. Kafka writes: “That’s less than half what investors valued the company at in 2008, but it’s more than the $35 million the company raised throughout its life. Which means that some investors could get their money back and more. But not all of Lala’s investors. Warner Music Group (WMG), for one, ended up getting back about...
Xconomy (Free subscription) | 12/07/2009
funding , Internet , Online Media Bruce V. Bigelow wrote: Mochila , an online startup that aggregates syndicated media content and provides Web-based services to media companies, has raised about $1 million of a targeted $2 million investment round, according to a recent filing with government regulators. The Carlsbad, CA-based Internet venture has raised about $30 million since it was founded in 2001....
Wheelosphere (Free subscription) | 9 hours ago
... were tight lipped.Leave the past today VW purchased 20% shares of Suzuki Motors for hefty $2.5 Billion. VW’s intentions are clear, they want to have a larger pie of Asian markets, read India,Japan.These markets are known for their strong affection to Suzuki’s small cars.By acquiring Suzuki shares,VW may able surpass current World number no-1,Toyota Motor Corporation in comfortable margin.VW’s gains...
MediaMemo (Free subscription) | 12/07/2009
On Friday, I reported that Apple was buying Lala at a fire-sale price, which meant that investors in the music service wouldn't get their money. I was wrong. Apple ended up paying around $80 million for the company, according to multiple sources. That's less than half what investors valued the company at in 2008, but it's more than the $35 million the company raised throughout its life. Which...
Reason Magazine - Hit & Run (Free subscription) | 12/08/2009
... value, collateralized by nothing, it passes from hand to trusting hand the world over. More than half of the $923 billion's worth of currency in circulation is in the possession of foreigners. But we ought not let the thrall in which it has held the world in most of our adult lives blind us: Mr. Bernanke fails to appreciate the tenuousness of the situation—fails to understand that...
Reason Magazine - Hit & Run (Free subscription) | 12/07/2009
A couple is divorcing in North Dakota, and he wants her boobs . Well, strictly speaking, he wants his half of the $5,500 the couple spent on beefing up her boobs while they were married. In Isaacson v. Isaacson , Erik Isaacson is claiming that the value of Traci Isaacson's implants should be counted when the divorcing couple splits up its assets.... Judge Wefald reportedly found that the implant-related...
SimoleonSense (Free subscription) | yesterday
... value, collateralized by nothing, it passes from hand to trusting hand the world over. More than half of the $923 billion’s worth of currency in circulation is in the possession of foreigners. Excerpt (Via WSJ) To understand the scrape we are in, it may help, a little, to understand the system we left behind. A proper gold standard was a well-oiled machine. The metal actually moved and,...
LATICONOMICS (Free subscription) | 12/08/2009
... value, collateralized by nothing, it passes from hand to trusting hand the world over. More than half of the $923 billion's worth of currency in circulation is in the possession of foreigners. View Full Image Associated Press President Richard M. Nixon after his Aug. 15, 1971, speech which established that dollars could not be exchanged for gold. In ancient times, the solidus circulated...
pounds-and-pence.co.uk (Free subscription) | 12/04/2009
“It looks as though the United Kingdom could be the hardest hit,” concludes Bill Jenkins. Our forex maven has been poring over the numbers in light of the Dubai government’s decision not to guarantee Dubai World’s debt. “Half of the $60 billion debt is owed to banks based in the U.K. Some $13 billion of [...]
Hall of Record (Free subscription) | 12/05/2009
... plants that cost about $100 million apiece . California could build 200 of those for half of the $40 billion and divert a lot of natural fresh water to the central farming regions using the remaining $20 billion toward that. Coastal cities don't need mountain water; farming valleys do. Or the money can be spent on pumping CO2 into ground storage instead. 2012 IS GETTING CLOSER GO TO TOP...
The Classic Liberal Blog (Free subscription) | 12/05/2009
... value, collateralized by nothing, it passes from hand to trusting hand the world over. More than half of the $923 billion’s worth of currency in circulation is in the possession of foreigners. In ancient times, the solidus circulated far and wide. But it was a tangible thing, a gold coin struck by the Byzantine Empire. Between Waterloo and the Great Depression, the pound sterling ruled the...
The LRC Blog (Free subscription) | 12/05/2009
... value, collateralized by nothing, it passes from hand to trusting hand the world over. More than half of the $923 billion’s worth of currency in circulation is in the possession of foreigners. In ancient times, the solidus circulated far and wide. But it was a tangible thing, a gold coin struck by the Byzantine Empire. Between Waterloo and the Great Depression, the pound sterling ruled the...
iStockAnalyst.com (Free subscription) | 12/02/2009
The Dollar fell to its lowest level in 15 months against the EUR and a basket of other major currencies Wednesday as concerns about Dubai's debt problems faded adding to demand for higher-yielding assets. Government-related Dubai World said it began talks with banks to restructure $26 billion of debt. The holding company is seeking to delay payments on less than half its $59 billion of obligations,...
The Reaction (Free subscription) | 12/02/2009
... main equity index dropped 6.6 percent. Dubai is seeking to delay payments on less than half its $59 billion of liabilities, easing the potential damage to banks recovering from $1.7 trillion of losses and writedowns from the global crisis. Shares worldwide recovered some of the losses suffered since Dubai announced it would seek a “standstill” agreement on all of Dubai World’s...
Lost in the Ozone... (Free subscription) | 12/02/2009
... but several people said a conservation easement would cost government roughly $30 million, or half the $60 million appraised value. An easement would allow the Boy Scouts to continue to operate the camp in exchange for giving up the right to develop the property, which is zoned for housing. Kelly said the Boy Scouts executive committee voted last week to pursue a sale, and the organization...
