The Friday Financial Follies are designed to summarize the important financial issues of the week.
- Share the humor of those that are funny.
- Make fun of the stupid.
- Highlight those you need to be aware of if you want to be financially well-grounded or is it well-rounded???
This Weeks Financial News:
Apple has amassed cash in the bank of 76 BILLION. Larger than the economy of many countries of the world. What will Steve Jobs do with all that cash? Maybe loan it to the feds when we hit the debt ceiling…..
Jobless claims at 418,000…Above estimates again….Not Good!
The prescription benefit company Express Scrips is proposing a buyout of Medco for 29 billion. The healthcare market is undergoing a huge upheaval due to Obama-care. There will be further consolidation as businesses try to figure out how to make a profit…
Angry Birds has jumped from a popular video game to back-to-school logo’d gear. I hope the company enjoys the popularity as these trends tend to disappear as fast as they start! Maybe Steve Jobs can share with em how to save their cash…
The business news is filled with stories on Rupert Murdoch, the CEO of News Corp. One of his many holdings, the now defunct News Of The World tabloid was guilty of using phone hackers, and bribing the police in England to get story info. I wonder how many other newspapers will be found guilty of a similar practice when all is said and done. His conservative leanings are not helping him with the European media….He seemed to be a little out of touch during his questioning in front of the British Parliament.
A neat info-graphic on the new and controversial Consumer Financial Protection Bureau is at CNN/money.
US taxpayers lost an estimated 1.3 Billion Dollars on the Chrysler Motors bailout.
The heatwave hammering the country will lead to increased utility costs, in addition to complaints about summer school without AC, rolling blackouts, and 
roasted turkeys...
What not to do if you buy a lemon of a used car, unless you want to be wearing an orange jumpsuit…”I got my point across!” has to be the understatement of the year!
The stock market has been up nicely all week, but as I write this the Dow Jones Average remains 5% or so below the high this year reached May 2nd.
And finally for you NFL sports fans, the owners voted to end the lockout. Saving professional football for this fall….Not a big surprise considering the owners were facing billions in losses if the season was lost.
Great reads in personal finance this week:
Craig at Money Help For Christians gives tips for being a super-hero. I liked “paying respect to your elders” as I’m fast becoming one!
Electric cars aren’t the green savior they’re made out to be, according to Beating the Index. Batteries, it’s the batteries stupid!
If your listings on Craig’s List are just sitting there like fleas on a swamp cur, maybe you should read Sandy’s tips at First Gen American.
Joe at Personal Finance by the Book gives great tips on kids and cars. Where were you 12 years ago when I needed help???
The Wealth Artisan shares Time Vampires.…I’ve got a coupla nicks on my neck. Maybe they’ll heal now that I know what’s out there…..
Being embarrassed about getting 800 bucks from the IRS is the topic of a guest post at Barbara Friedberg. Wish they would embarrass me a little…Where you headed Barbara???
Thanks for being a reader! I’ve got a new goal…. My friend Len Penzo surpasses 1,000,000 page views this week. Congrats! Stop by and tell him Dr Dean sent ya! (what does surpasses mean Len???)
{photo credit: pro-bowl by Michi Moore Images c.c.}
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