Category: time

Citigroup bank might be saved through the recession.

Paul

According to reports from ABC News, Citibank is having a hard time and might need to be assisted by the government.

[ad#ad2-right]The company has seen its shares lose 60 percent of their value in the past week, reflecting a crisis of confidence among skittish investors. They are worried all the risky debt on Citigroup’s balance sheet will turn into losses as the economy worsens and the markets stay turbulent — losses that could be nearly impossible to reverse.


[via ABC News]

Although this is somewhat expected, I don’t think we can afford to pay the debt of a bank.  We are all having to deal with this recession.   I don’t know how they can afford to pay for Citigroup and expect this to help bolster the economy.   I guess only time will tell!!!

Youtube gets ready to Launch “LIVE Event!!” 5pm PST/8pm EST

Paul

As the time approaches for the live even for Youtube. There are many confirmed and only one I want to see right now. As many people will agree that Mythbusters is the best show on Discovery Channel. They have been confirmed to be there tomorrow.

They are getting ready!!!

Some of the major players confirmed to be there are Mythbusters, Soulja Boy Tell’em, Katy Perry, Esmee Denters, Akon, FRED, and Will. I. Am.   Now I don’t know all these stars.   I do Know Mythbusters and I’ve heard of FRED.   I’m just stating who is going to be there.

[ad#ad2-left]Then the Obvious question comes to my mind and I am sure this is being asked by everyone right now.  Is Mythbusters shows coming to Youtube?  I would say from what all is going on with Youtube, they might become a competitor to Hulu.  With them adding High Defination Viewing and allowing bigger video to be uploaded. There is no question that Youtube and Google is getting ready to release a major statement, or change there direction.   So be ready tomorrow at 8 PM EST/5 PM PST and let’s see what happens.

Hulu Launches the Hulu for the Holidays!

Paul

[ad#ad2-right]This is near and dear to my heart.  Hulu finally launches the Hulu for the Holidays sponsored by Wal-Mart.   I have talked about what they might bring to the holiday season and if you want to find out what I thought might come to Hulu check out these links:

Some movies or show that will probably come to Hulu are going to be Christmas themes.  I would wager it will be Charlie Brown, Peanuts, The Grinch who Stole Christmas.  I am sure there will be even more later on, ones that I didn’t think would come to Hulu.   We shall see what comes from what they want to do the next few weeks.  To bad they aren’t doing clues this time around people seemed to like doing that.

Rumor: GE to be the next to layoff its workers!!

Paul

GE to Layoff 11,000 Workers!! GE to Layoff it workers!

According to sources of friends close to me, their seems to be a consensus that there will be a major layoff coming from GE. My source is talking about it being a lot of people will be laid off and that it will start happening in the coming weeks.

According to Yahoo Finance saying this “52 week change of GE is -50.86% from last year. ”

[ad#ad2-right-1]Now last year this time there Stock Price was 38.38 a Share and now they are 18.60 a share.  They dropped -19.78 over the year.   The seemed to get close to the 38.38 a share on April 4, 2008 with making  37.56 a share.  That was there highest this year, due to the fact that people were getting there income tax refunds in the mail.    Also NYSE says they had a slight increase in July and Aug, that is due to the Stimulus package that we got in 2008.

Now I’m not a financial expert in the least.  I just see what I see with stock prices.  These could mean they are doing extremely well, or they could indicate that the company is planning on laying people off.  I’m just trying to provide a background on why they might lay people off.  We are getting to he point of becoming a Depression and no longer a Recession.  What do you think?