Why CNN Struggles to Cover The Economic Panic

Sharing an amazing piece from BoingBoing
The current economic collapse is a difficult story for TV. It’s a peculiar period in between an election and an inauguration. This most important story, this great-or-not-so great depression, is also the hardest for CNN to tell. I have more than enough reasons why in this late-night rant.
1) It’s not [...]

Somali Pirates in Discussions to Acquire Citigroup

The Somali pirates, renegade Somalis known for hijacking ships for ransom in the Gulf of Aden, are negotiating a purchase of Citigroup.
The pirates would buy Citigroup with new debt and their existing cash stockpiles, earned most recently from hijacking numerous ships, including most recently a $200 million Saudi Arabian oil [...]