Because of provisions made from bad loans, Freddie Mac, the second largest buyer of home mortgages has reported a second quarter profit loss of 45 percent. A year early for the three months ended June 30, the company had posted a profit of $1.4 billion or about $1.93 a share. However, this year […]

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St. Anthony Shrine in Boston is a Catholic church and supposedly the first church to install a kiosk in their church. The kiosk allows worshippers and members of the church to make electronic donations. It seems like offering plates filled with cash and checks are now taken over by greed. Seriously, what’s this world coming […]

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From 1929 to the 1990’s the government kept the U.S. currency practically the same without any huge changes. After 6 decades of never changing its look the U.S. currency has gone through many makeovers. However, the best is yet to come.
The Bureau of Engraving and printing now plans on creating a redesign every 7-10 […]

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“Explicit memory stores specific information like slogans, Web addresses or attributes of products. Implicit memory is unconscious, and is set off later, for example, when someone browses store shelves.” - Chan Yun Yoo

It’s quite interesting how online advertisements impact internet users. It’s not necessarily all about the CTR (Click Through Rate) of an advertisement. Some […]

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Yesterday the four biggest banks – Citigroup, Bank of America, JPMorgan, and Wachovia each borrowed $500 million from the Federal Reserve. This happened 5 days after the central bank lowered the rate and loosened its collateral standards in an effort to put more money into the credit markets.

“Going to the discount window is […]

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A while back, the popular video sharing website YouTube was beta testing overlay ads for the videos posted on their website. Video advertisements will now be featured on YouTube in the near future. The videos will contain semitransparent advertisements for the users to view and will disappear after 10 seconds if the user does nothing. […]

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On Tuesday, Viacom Inc.’s MTV Networks and digital media company RealNetworks announced that they will join together to compete with Apple’s domination with the iTunes store, iPod player, and iPhone.
RealNetworks Inc. Rhapsody and MTV’s Urge music services will merge and will be offered and accessible on computers, music players, and integrated with Verizon Wireless’s VCast […]

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After 2 attempts in trying to acquire the London Stock Exchange, Nasdaq has given up.
On Monday the Nasdaq Stock Market Inc. announced that they will abandon their efforts in acquiring the London Stock Exchange, and will sell its 31% in the U.K. market so that they can focus on their takeover battle for Sweden’s OMX […]

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Toys “R” Us stores across the nation were offering refunds for vinyl bibs they sell. Toys “R” Us sells about one million of the vinyl bibs each year. Test results confirmed that some of the bibs, made in China, were contaminated with lead. Kathleen Waugh, a spokeswoman for Toys “R” Us said “Quality control slipped […]

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Someone had set up security cameras around their house only to find out how UPS really delivers your ‘delicate’ or ‘this side up’ packages. See for yourself.

http://www.youtube.com/watch?v=xcIOy6XcM3s

As you can see the proper way a UPS driver delivers your package is chucking it at your door and walking away peacefully. Sorry for breaking your […]

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