Posted on 03. Apr, 2009 by Michael of Incomediary.com
Hello Everyone,
With this so called Recession, thousands of people are going bankrupt everyday and at the lowest point ever! Today’s list is to show you guys that although times are tough and you think you have lots everything and your to old to have another chance, well your wrong! continue reading »
by AnnaMaria Andriotis
Tuesday, May 19, 2009provided by
With an average of five unemployed people now vying for each job opening, according to the nonprofit Economic Policy Institute, employers who are hiring can afford to be picky — and tight-fisted. Many companies are reducing compensation for their existing employees, which means they’re more likely to offer lower salaries to new hires, says Fred Crandall, a senior consultant at human resources consulting firm Watson Wyatt. In April, 21% of employers had reduced employee compensation, according to a Watson Wyatt survey, up from 7% in February. continue reading »
Posted May 15, 2009 09:31am EDT by Aaron Task in Investing, Recession,Banking, Autos, Housing
The green shoots story took a bit of hit this week between data on April retail sales, weekly jobless claims and foreclosures. But the whole concept of the economy finding its footing was “preposterous” to begin with, saysHoward Davidowitz, chairman of Davidowitz & Associates.
“We’re in a complete mess and the consumer is smart enough to know it,” says Davidowitz, whose firm does consulting for the retail industry. “If the consumer isn’t petrified, he or she is a damn fool.”
Davidowitz, who is nothing if not opinionated (and colorful), paints a very grim picture: “The worst is yet to come with consumers and banks,” he says. “This country is going into a 10-year decline. Living standards will never be the same.”
Posted May 13, 2009 12:17pm EDT by Aaron Task
The “green shoots” theory was looking a little brown around the edges Wednesday as stocks fell sharply following weak April retail sales data and another spike in foreclosures.
Noted bear Gary Shilling, president of A. Gary Shilling & Co., says the recent improvement in economic activity was not a sign the worst has passed but a head fake that’s typical in most recessions. There have been positive quarters of GDP growth in 8 of 11 recessions since WW2, and the stock market rallied in sync, Shilling notes.
by: Katie Adams
On Friday May 8, 2009, 6:47 pm EDT
Have you ever watched an infomercial or seen an item in a department store and thought “I could have thought of that!” Have you wished you had invested money early in a blockbuster invention? Learn the stories behind some (seemingly) ridiculous ideas that have made inventors and investors very wealthy, and find out what you, as a potential investor, should look for and consider before putting up capital for a potential funding opportunity.
You’ve may have never heard of Scott Stillinger but somewhere in your home or office you probably have one of his inventions – the Koosh ball, which made millions of dollars. Stillinger came up with the idea for the Koosh ball when he tied rubber bands together to create a smaller, easier-to-catch ball for his young children in 1987. He founded OddzOn Products Inc. to distribute the small, simple toy, and within just 12 months it was flying off of store shelves as that year’s hottest Christmas gift.
continue reading »
Want to become a billionaire? Up your chances by dropping out of college, working at Goldman Sachs or joining Skull & Bones.
Are billionaires born or made? What are the common attributes among the uber-wealthy? Are there any true secrets of the self-made?
We get these questions a lot, and decided it was time to go beyond the broad answers of smarts, ambition and luck by sorting through our database of wealthy individuals in search of bona fide trends. We analyzed everything from the billionaires’ parents’ professions to where they went to school, their track records in the early stages of their careers and other experiences that may have put them on the path to extreme wealth.
continue reading »
Hello Guys,
Today I created a list of the top 30 earning websites in the world, for some of these websites, $50 million in revenue a day is just a typical day, crazy isn’t it? And it was all created in the last 10 or so years! I usually would do a write up about how the list rocks and why you should do it to but I think the figures speak for themselves, enjoy!
| Rank | Website | Founders | Annual Revenue | Per Second |
| 1 | Larry Page and Sergey Brin | $21,800,000,000 | $691.27 | |
| 2 | Jeff Bezos | $19,166,000,000 | $607.75 | |
| 3 | Jerry Yang and David Filo | $7,200,000,000 | $228.31 | |
| 4 | Pierre Omidyar | $6,290,000,000 | $199.45 | |
| 5 | Nathan Myhrvold. | $3,214,000,000 | $101.92 | |
| 6 | Max Levchin, Peter Thiel, and Luke Nosek, | $2,250,000,000 | $71.35 | |
| 7 | Jeff Robbin | $1,900,000,000 | $60.25 | |
| 8 | Marshal Vace | $1,892,000,000 | $59.99 | |
| 9 | Jesse Fink | $1,884,000,000 | $59.74 | |
| 10 | Added Mark Schroeder | $1,447,000,000 | $45.88 | |
| 11 | Reed Hastings | $1,200,000,000 | $38.05 | |
| 12 | Terry Jones | $1,100,000,000 | $34.88 | |
| 13 | Nick Swinmurn | $1,000,000,000 | $31.71 | |
| 14 | David Litman | $1,000,000,000 | $31.71 | |
| 15 | Erik Prince | $968,000,000 | $30.70 | |
| 16 | Jeff Katz | $870,000,000 | $27.59 | |
| 17 | Robert Brazell | $834,000,000 | $26.45 | |
| 18 | Tom Anderson | $800,000,000 | $25.37 | |
| 19 | Niklas Zennstrom | $550,841,000 | $17.47 | |
| 20 | Zhang Chaoyang | $429,000,000 | $13.60 | |
| 21 | Robb Brock | $400,000,000 | $12.68 | |
| 22 | Eric Baker | $400,000,000 | $12.68 | |
| 23 | Jack Ma | $316,000,000 | $10.02 | |
| 24 | Mark Zuckerberg | $300,000,000 | $9.51 | |
| 25 | Chad Hurley, Steve Chen and Jawed Karim, | $300,000,000 | $9.51 | |
| 26 | Mark Vadon | $295,000,000 | $9.35 | |
| 27 | Stephen Kaufer | $260,000,000 | $8.24 | |
| 28 | Mark Getty | $233,200,000 | $7.39 | |
| 29 | Garry Itkin | $207,000,000 | $6.56 | |
| 30 | Henry Jarvis Raymond | $175,000,000 | $5.55 |
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