12/17 The Wikinvest Daily Angle

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. The Wikinvest Daily Angle - Market Insight and Commentary from Wikinvest.com Raise the Debt Ceiling! But, Just a Little… December 16, 2009 at 2:01 am Daily Angle comes from Wikinvest Wire member Tim Iacono of TheMessThatGreenspanMade.Blogspot.com. You can read the full article on Tim's blog. Well, it looks like Congress will raise the “debt ceiling” by just $200 billion instead of the much larger $1.9 trillion, as previously believed, due to some moderate Democrats who are insisting on the development of some sort of a plan to eventually pay down some of the debt. That’s a start. Like an alcoholic, the first step toward recovery is to admit you have a problem. Unfortunately, far too few elected officials think there’s a problem. A report at CNN/Money earlier today came with the graphic below that really doesn’t look all that bad on the scale provided with the new, smaller increase sounding almost benign. Last week, there was talk on Capitol Hill of raising the legal limit on how much debt the U.S. Treasury could have on the books by as much as $1.9 trillion. This week, the tune has changed considerably. The new plan under consideration: increase the debt ceiling just enough to satisfy Treasury’s borrowing needs for two months — likely by “a couple hundred billion dollars,” House Majority Leader Steny Hoyer, D-Md., told reporters Tuesday. This could be a dangerous precedent. Lawmaker may realize that raising the debt ceiling by just one or two hundred billion dollars ten times a year is a lot easier than raising it one or two trillion dollars just once a year.   This email was sent to gatdemit001@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.

12/17 DailyFinance

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. DailyFinance Bank of America Names Insider Brian Moynihan as New CEO December 16, 2009 at 9:20 pm Bank of America's (BAC) board of directors chose consumer banking chief Brian Moynihan to replace Ken Lewis as CEO on Jan. 1. Their pick of an internal candidate on Wednesday followed unsuccessful attempts to hire a star industry executive for the top job at the nation's largest bank. Those negotiations were stymied by restrictions imposed by government pay czar Kenneth Feinberg that would have forced an outsider to take a big pay cut this year. The move "draws to a close what is probably the executive search from hell," said Tony Plath, a finance professor at the University of North Carolina at Charlotte. "They needed to find someone to end the drama so that the bank can get back to regular business, but at the same time I am surprised by their choice." Continue reading Bank of America Names Insider Brian Moynihan as New CEO Bank of America Names Insider Brian Moynihan as New CEO originally appeared on DailyFinance on Wed, 16 Dec 2009 21:20:00. Filed Under: Bank of America Permalink | Tweet this! | Comments U.S. to Capture Cow Farts to Save the Planet December 16, 2009 at 8:00 pm In the future, America will harness cow farts to curb pollution and power the grid. What? It sounds like a joke, but it's actually a real promise. By 2020, dairy industry emissions will be reduced by 25%, largely by persuading dairy farmers to capture methane gas, U.S. Agriculture Secretary Tom Vilsack announced at the Copenhagen climate change summit this week. Farmers will be able to buy anaerobic digesters that convert cow, errr, emissions into electricity. Continue reading U.S. to Capture Cow Farts to Save the Planet U.S. to Capture Cow Farts to Save the Planet originally appeared on DailyFinance on Wed, 16 Dec 2009 20:00:00. Filed Under: Green Permalink | Tweet this! | Comments Rich Nations Offer $3.5 Billion to Fight Deforestation December 16, 2009 at 6:50 pm In what may be the first big news to come out of the contentious Copenhagen climate summit, six developed nations put their money on the table and made a big pledge to subsidize forest preservation. The United States, Australia, Britain, France, Japan and Norway agreed to fund a program to stop deforestation, which is considered a major cause of global warming. Trees absorb carbon from the atmosphere and the growing deforestation has diminished arboreal belts around the globe. While a positive step, it remains a limited program with a planned duration of only two years. Continue reading Rich Nations Offer $3.5 Billion to Fight Deforestation Rich Nations Offer $3.5 Billion to Fight Deforestation originally appeared on DailyFinance on Wed, 16 Dec 2009 18:50:00. Permalink | Tweet this! | Comments Laid-Off GM Worker Finds Redemption at the PBA Championship December 16, 2009 at 6:15 pm Just in time for the holidays last year, Tom Smallwood was grappling with the fallout of losing his job. He had just been laid off at General Motors Co. (GRM) where he worked on an assembly line making seat belts for extended cab trucks. Now, almost a year to the day that he received his pink slip, Smallwood received one of the highest honors in bowling: He won the PBA World Championship, beating the reining Player of the Year Wes Malott 244 to 228. Continue reading Laid-Off GM Worker Finds Redemption at the PBA Championship Laid-Off GM Worker Finds Redemption at the PBA Championship originally appeared on DailyFinance on Wed, 16 Dec 2009 18:15:00. Filed Under: People, Media, General Motors Permalink | Tweet this! | Comments Details Magazine Stirs Up Emotions With Headline Offensive to Gays December 16, 2009 at 6:08 pm Ask any gay man which derogatory words causes him to bristle and "fag" often tops the list. Despite inroads made in recent years to promote diversity and raise awareness of offensive words and phrases, it's still common to hear this f-bomb dropped all-too-frequently in school yards and other venues oozing with testosterone. Details magazine, however, has plumbed new depths in objectionable rhetoric by creating a list of behavior it associates with a certain type of gay man, whom the magazine calls a "douchefag." The list appears in the fashion publication's December issue -- although whether the offending word ever appeared in the online headline is in dispute. (It of course still appears in printed versions of the story.) Continue reading Details Magazine Stirs Up Emotions With Headline Offensive to Gays Details Magazine Stirs Up Emotions With Headline Offensive to Gays originally appeared on DailyFinance on Wed, 16 Dec 2009 18:08:00. Filed Under: Technology, People, Media Permalink | Tweet this! | Comments Deal to Save Playboy Collapses as Buyer Backs Out December 16, 2009 at 5:45 pm Time may be running out for Playboy Enterprises (PLA). A deal has fallen apart to sell the publisher of the iconic men's magazine to Iconix Brand Group, owner of London Fog and Danskin. Iconix determined that "it would be too complicated to separate the Playboy brand from the company's other assets," according to Bloomberg News. Continue reading Deal to Save Playboy Collapses as Buyer Backs Out Deal to Save Playboy Collapses as Buyer Backs Out originally appeared on DailyFinance on Wed, 16 Dec 2009 17:45:00. Filed Under: Company News, People, Media Permalink | Tweet this! | Comments Blue Nile: Online Retail's Diamond in the Rough? December 16, 2009 at 4:50 pm As the holiday season nears, investors are rightly flocking to shares of online retailers such as Amazon.com (AMZN). After all, more shoppers -- lured by value and convenience -- are heading online. But while web giant Amazon gets all the attention, investors would be wise to take a look at one of its lesser-known peers: online jewelry retailer Blue Nile (NILE). Continue reading Blue Nile: Online Retail's Diamond in the Rough? Blue Nile: Online Retail's Diamond in the Rough? originally appeared on DailyFinance on Wed, 16 Dec 2009 16:50:00. Filed Under: Investing, Stock Picks Permalink | Tweet this! | Comments Roy Disney, Nephew of Disney Founder Walt, Dead at 79 December 16, 2009 at 4:30 pm Roy E. Disney, bearer of the Disney family torch and occasional bane of the entertainment conglomerate's chief executives, died Wednesday at age 79 following a year-long battle with stomach cancer. Continue reading Roy Disney, Nephew of Disney Founder Walt, Dead at 79 Roy Disney, Nephew of Disney Founder Walt, Dead at 79 originally appeared on DailyFinance on Wed, 16 Dec 2009 16:30:00. Filed Under: People, Media Permalink | Tweet this! | Comments The FTC Plays Legal Hardball with Intel December 16, 2009 at 3:55 pm The U.S. Federal Trade Commission filed a major lawsuit against Intel (INTC) on Wednesday, dumping a massive lump of coal in the stocking of the world's dominant chipmaker. The lawsuit, which accuses the company of trying to "stifle competition and strengthen its monopoly," comes just one month after Intel's $1.25 billion settlement with AMD (AMD), its main rival. That deal was designed in part to forestall further government investigations of Intel. Continue reading The FTC Plays Legal Hardball with Intel The FTC Plays Legal Hardball with Intel originally appeared on DailyFinance on Wed, 16 Dec 2009 15:55:00. Filed Under: Company News, Technology, IBM, Intel, AMD Permalink | Tweet this! | Comments Amid Fledgling Recovery, Fed Stands Pat on Interest Rates December 16, 2009 at 3:15 pm If there's one thing the Federal Reserve has gotten good at, it's consistency. Expectations that Fed governors would keep interest right where they've been for some time to aid the fledgling economic recovery held true Wednesday, with members of the Federal Open Market Committee voting unanimously to maintain rates at levels near 0%. Continue reading Amid Fledgling Recovery, Fed Stands Pat on Interest Rates Amid Fledgling Recovery, Fed Stands Pat on Interest Rates originally appeared on DailyFinance on Wed, 16 Dec 2009 15:15:00. Filed Under: Economy, People, Investing Permalink | Tweet this! | Comments Fed Holds Rates at Record Low to Fuel Recovery December 16, 2009 at 2:53 pm The Federal Reserve has decided to hold interest rates at a record low and pledged to keep them there for an "extended period" to keep the recovery going and drive down double-digit unemployment. Continue reading Fed Holds Rates at Record Low to Fuel Recovery Fed Holds Rates at Record Low to Fuel Recovery originally appeared on DailyFinance on Wed, 16 Dec 2009 14:53:00. Filed Under: Economy Permalink | Tweet this! | Comments Sol Price, Warehouse Store Pioneer, Dies at 93 December 16, 2009 at 2:30 pm Sol Price, the founder of America's first warehouse store, died at his home in La Jolla, Calif. Monday. He was 93. It's hard to overestimate Price's impact on American retail. The warehouse store trend -- which inspired Home Depot (HD), Wal-Mart (WMT), Sam's Club, Best Buy (BBY) and numerous other low-overhead imitators -- got its start with this business lawyer-turned-retail magnate. In fact, rival Sam Walton openly admitted that he "borrowed" many of his ideas from Price's "Price Club" chain and Costco (COST) founder Jim Sinegal -- who later merged with Price Club -- got his start working at one of Price's "Fed Mart" Chain stores. Continue reading Sol Price, Warehouse Store Pioneer, Dies at 93 Sol Price, Warehouse Store Pioneer, Dies at 93 originally appeared on DailyFinance on Wed, 16 Dec 2009 14:30:00. Filed Under: People, Home Depot, Wal-Mart Stores, Costco Wholesale Corp., Real Estate Permalink | Tweet this! | Comments Can Too Much Texting Make You Go Blind? December 16, 2009 at 2:20 pm If the economic meltdown, the disappearance of disposable income and the return of frugality weren't hard enough on consumer electronics companies, it looks like the industry is facing a new problem: Using its products may lead to nearsightedness. Incidents of myopia (also known as nearsightedness) have increased by 66.4% between 1972 and 2004, according to a study published in this month's Archives of Opthalmology. Some researchers suggest the rise may be linked to increased texting, Web-surfing, game playing and similar pursuits. Continue reading Can Too Much Texting Make You Go Blind? Can Too Much Texting Make You Go Blind? originally appeared on DailyFinance on Wed, 16 Dec 2009 14:20:00. Filed Under: Technology, Economy, Healthcare Permalink | Tweet this! | Comments Vanity Publishing Is Booming, and the Big Houses Want In (at a Price) December 16, 2009 at 2:00 pm It's a long-held truth of trade publishing: Only the most desperate authors would pay to get their books published. Vanity presses, the wisdom goes, handle books by the rank amateurs, the wannabes, the lowest of the low. Then last month, romance publisher Harlequin announced it was getting into the pay-to-publish game with a new imprint, then called Harlequin Horizons and now DellArte Press. Continue reading Vanity Publishing Is Booming, and the Big Houses Want In (at a Price) Vanity Publishing Is Booming, and the Big Houses Want In (at a Price) originally appeared on DailyFinance on Wed, 16 Dec 2009 14:00:00. Filed Under: Company News, Technology, Media Permalink | Tweet this! | Comments What Boeing Should Learn from the 787's Late Lift Off December 16, 2009 at 1:45 pm On Tuesday, Boeing (BA) had a pretty successful test flight for its bet-the-company 787 Dreamliner, which has been delayed five times over the last two years. The 787 is a $166 million plane, with a capacity of 250 to 330 passengers. Boeing has 865 orders for it and an estimated $150.6 billion backlog -- 59% of Boeing's total. Continue reading What Boeing Should Learn from the 787's Late Lift Off What Boeing Should Learn from the 787's Late Lift Off originally appeared on DailyFinance on Wed, 16 Dec 2009 13:45:00. Filed Under: Company News, Technology, Boeing Permalink | Tweet this! | Comments White Collar Reset: Christmas in Connecticut, Scrambling for Cash December 16, 2009 at 1:40 pm A couple weekends ago on our usual stretch-a-buck date night, my wife and I watched a freebie movie on cable. Alas, it wasn't porn, but that seasonal chestnut Christmas in Connecticut. A screwball comedy classic released during the last days of the war in 1945, the film stars Barbara Stanwyk as a young single magazine writer living a lie. From her tiny Manhattan apartment, Stanwyk's character writes a column about her make-believe life in Connecticut, complete with a fieldstone manor, loving husband and a newborn. Complications arise when the publication's owner, who's as much in the dark as her readers, invites a wounded serviceman to her place to experience what a "real home" is like during the holidays. Stanwyk's increasingly far-fetched attempts to keep the charade going, even as she falls in love with her dashing guest of honor, provides the hilarity and just goes to show: Maintaining appearances in Connecticut is a decades-old tradition that holds up remarkably well. Continue reading White Collar Reset: Christmas in Connecticut, Scrambling for Cash White Collar Reset: Christmas in Connecticut, Scrambling for Cash originally appeared on DailyFinance on Wed, 16 Dec 2009 13:40:00. Filed Under: Columns, Economy Permalink | Tweet this! | Comments Holiday Shoppers Waiting Until the Last Minute - Again December 16, 2009 at 1:20 pm If you had any doubts that retailers would have to offer big discounts to bring shoppers into their stores, consider this: Well into the eight nights of Hanukkah and with only one more weekend to go before Christmas, nearly half of us aren't even halfway through our holiday shopping. Nearly one-fifth of Americans haven't crossed even one name off their gift lists. Continue reading Holiday Shoppers Waiting Until the Last Minute - Again Holiday Shoppers Waiting Until the Last Minute - Again originally appeared on DailyFinance on Wed, 16 Dec 2009 13:20:00. Filed Under: Company News, Economy, Macy's, Sears Holdings Corp. Permalink | Tweet this! | Comments Microsoft Strikes Deal with E.U. on Browser Bundling December 16, 2009 at 1:00 pm Microsoft has sealed a deal to end nearly a decade of litigation with the European Union over charges that it unfairly used its dominant operating system, Windows, to promote its Web browser, Internet Explorer. The Redmond, Wash., computer giant agreed to give European users a choice of up to 12 Web browsers in future editions of the company's software package. Microsoft, which had tangled with the U.S. Department of Justice over antitrust issues more than a decade ago, has already been fined about $2.5 billion by E.U. authorities. Continue reading Microsoft Strikes Deal with E.U. on Browser Bundling Microsoft Strikes Deal with E.U. on Browser Bundling originally appeared on DailyFinance on Wed, 16 Dec 2009 13:00:00. Filed Under: Company News, Technology, Microsoft Permalink | Tweet this! | Comments Consumer Prices Rise on Higher Energy Prices December 16, 2009 at 12:35 pm Consumer prices rose 0.4% in November, the U.S. Labor Department announced Wednesday, pushed higher by energy prices, which rose for the sixth time in seven months. The core rate -- which excludes the often-volatile food and energy component -- was unchanged for the month. Continue reading Consumer Prices Rise on Higher Energy Prices Consumer Prices Rise on Higher Energy Prices originally appeared on DailyFinance on Wed, 16 Dec 2009 12:35:00. Filed Under: Economy Permalink | Tweet this! | Comments Housing Starts Rebound in November December 16, 2009 at 12:15 pm Housing starts rose 8.9% in November to a 574,000 seasonally adjusted annual pace, the U.S. Commerce Department announced Wednesday. A Bloomberg News economists' survey had expected housing starts to total a slightly higher 575,000 annualized rate for the month. They totaled a revised 527,000 annual pace in October, and a 586,000 annual pace in September. New home construction hit a cycle low of 479,000 in April. Continue reading Housing Starts Rebound in November Housing Starts Rebound in November originally appeared on DailyFinance on Wed, 16 Dec 2009 12:15:00. Filed Under: Economy, Real Estate Permalink | Tweet this! | Comments Borders Follows Amazon and Barnes & Noble into E-Books December 16, 2009 at 12:00 pm Ailing books retailer Borders (BGP) hopes to ring in the new year with good news on the electronic front. The company announced on Tuesday it will launch an e-book store on its Web site, with the help of Canadian digital book company Kobo -- and that a dedicated e-reader is in the works. Continue reading Borders Follows Amazon and Barnes & Noble into E-Books Borders Follows Amazon and Barnes & Noble into E-Books originally appeared on DailyFinance on Wed, 16 Dec 2009 12:00:00. Filed Under: Company News, Technology, Media, Sony, Amazon.com Inc. Permalink | Tweet this! | Comments Elin May Dump Tiger -- and Get Picked Up by Puma December 16, 2009 at 11:15 am Things appear to be moving quickly in the saga of Tiger Woods and his wife, Elin. The result could be that she sets Tiger free -- for a price: She gets up to $500 million and her own sponsorship deal, and he goes back to playing golf -- and playing the field. Continue reading Elin May Dump Tiger -- and Get Picked Up by Puma Elin May Dump Tiger -- and Get Picked Up by Puma originally appeared on DailyFinance on Wed, 16 Dec 2009 11:15:00. Filed Under: People Permalink | Tweet this! | Comments Abu Dhabi Wants Out of Its Citigroup Stock Deal December 16, 2009 at 10:30 am Imagine agreeing to pay between $31.83 and $37.24 a share now for Citigroup (C). With the stock closing below $4 Tuesday, anyone would say "no deal" to such an offer today. But that's exactly the deal the Abu Dhabi Investment Authority struck in 2007 when it agreed to invest $7.5 billion in Citigroup. The ADIA pumped billions into Citigroup in exchange for an 11% dividend until March of next year. Then, over 18 months starting on March 15, those equity units get converted into common stock -- at those $30-plus price levels. Needless to say, while that dividend looked great to the ADIA at the time, the price to swap now makes it a really bad bargain. Continue reading Abu Dhabi Wants Out of Its Citigroup Stock Deal Abu Dhabi Wants Out of Its Citigroup Stock Deal originally appeared on DailyFinance on Wed, 16 Dec 2009 10:30:00. Filed Under: Company News, Investing, Citigroup Permalink | Tweet this! | Comments TARP: One Big Success but Many More Failures December 16, 2009 at 9:30 am The Congressional Oversight Panel monitoring the Troubled Asset Relief Program concluded in its December report that TARP "proved decisive enough to stop the panic and restore market confidence," but failed to address many of the "ongoing problems" in the financial markets and the broader economy. Even in light of its failures, the panel stopped short of calling for the end of TARP. Indeed, only one member of the panel did that: U.S. Rep. Jeb Hensarling (R-Texas), the top Republican on the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. Continue reading TARP: One Big Success but Many More Failures TARP: One Big Success but Many More Failures originally appeared on DailyFinance on Wed, 16 Dec 2009 09:30:00. Filed Under: Economy Permalink | Tweet this! | Comments DailyFinance Gets a New Look December 16, 2009 at 9:15 am Regular visitors to DailyFinance will note today that we've implemented some momentous design changes. We're unveiling the new DailyFinance, which first launched in February in a simple blog format and has now been reborn as a full-fledged financial and business news destination. Continue reading DailyFinance Gets a New Look DailyFinance Gets a New Look originally appeared on DailyFinance on Wed, 16 Dec 2009 09:15:00. Permalink | Tweet this! | Comments Stocks in the News: Honeywell, Adobe, Playboy, Microsoft, Intel December 16, 2009 at 9:00 am Adobe Systems (ADBE) swung to a fourth-quarter loss, but forecast first-quarter sales above Street expectations as demand for its products picked up during November. Adobe reported a fourth-quarter loss of $32 million, or 6 cents a share. Excluding special items, Adobe earned 39 cents a share, topping estimate of 37 cents a share. Shares climbed 1.3% in preamarket trading. Continue reading Stocks in the News: Honeywell, Adobe, Playboy, Microsoft, Intel Stocks in the News: Honeywell, Adobe, Playboy, Microsoft, Intel originally appeared on DailyFinance on Wed, 16 Dec 2009 09:00:00. Filed Under: Company News, Investing Permalink | Tweet this! | Comments Daily Blogwatch: Will Tiger Woods Come Back to Golf? Will We Have Hyperinflation? December 16, 2009 at 8:30 am Below are some of the best reads for investors from around the Web: Why Tiger Woods will come roaring back to golf. ___________________ Twelve potentially huge acquisitions for 2010. ___________________ Can someone explain to me the Google (GOOG) countdown clock? What are they counting down? You can email me at altucher@gmail.com. ___________________ Continue reading Daily Blogwatch: Will Tiger Woods Come Back to Golf? Will We Have Hyperinflation? Daily Blogwatch: Will Tiger Woods Come Back to Golf? Will We Have Hyperinflation? originally appeared on DailyFinance on Wed, 16 Dec 2009 08:30:00. Filed Under: Company News, Technology, Columns, Economy, Investing Permalink | Tweet this! | Comments Inside Wall Street: Retail Giant Wal-Mart Is Hugely Undervalued December 16, 2009 at 8:15 am Investing in stocks is all about spotting opportunities -- and seizing them. Too often, however, investors are blind to opportunities, for instance when a company's stock has tumbled or has remained weak for reasons that may have little to do with its business fundamentals. Maybe it's because all the big players already own it as a core stock and are looking elsewhere. Or maybe the stock has become unpopular for some reason. Continue reading Inside Wall Street: Retail Giant Wal-Mart Is Hugely Undervalued Inside Wall Street: Retail Giant Wal-Mart Is Hugely Undervalued originally appeared on DailyFinance on Wed, 16 Dec 2009 08:15:00. Filed Under: Company News, Investing, Wal-Mart Stores Permalink | Tweet this! | Comments Stocks to Start Higher Ahead of Inflation, Housing Data December 16, 2009 at 8:10 am U.S. stocks are poised for a higher start on Wednesday as investors await the Federal Reserve statement coming this afternoon. Meantime, key data on consumer inflation and housing is due before the opening bell. Stocks snapped a four-day winning streak Tuesday after producer prices showed inflation jumped much higher than anticipated in November. More here: Before the bell: Futures climb ahead of data, Fed statement Continue reading Stocks to Start Higher Ahead of Inflation, Housing Data Stocks to Start Higher Ahead of Inflation, Housing Data originally appeared on DailyFinance on Wed, 16 Dec 2009 08:10:00. Filed Under: Economy, Investing Permalink | Tweet this! | Comments Ford's New Tech Turns Your Truck into a Mobile Office December 16, 2009 at 8:00 am As Detroit ground to a halt last year, one major automaker fared much better than its rivals. Under the leadership of Alan Mullaly, Ford (F) not only avoided the bankruptcy that crippled General Motors and Chrysler but it now looks poised for the unthinkable: profitable growth. Every month this year, Ford has increased its market share, Mullaly said recently on CNBC. He spoke about the need for Ford -- along with the rest of American business -- to lead the world in "innovation, design and technology." Continue reading Ford's New Tech Turns Your Truck into a Mobile Office Ford's New Tech Turns Your Truck into a Mobile Office originally appeared on DailyFinance on Wed, 16 Dec 2009 08:00:00. Filed Under: Company News, Technology, Ford Motor Co. Permalink | Tweet this! | Comments Japanese Banking Shares Surge December 16, 2009 at 7:15 am In Asia Wednesday, Japan's Nikkei 225 Index rose 0.9% to 10,177. Hong Kong's Hang Seng Index sank 0.9%, ending the day at 21,612 and China's Shanghai Composite Index lost 0.6% to close at 3,255. Continue reading Japanese Banking Shares Surge Japanese Banking Shares Surge originally appeared on DailyFinance on Wed, 16 Dec 2009 07:15:00. Filed Under: Economy, Investing Permalink | Tweet this! | Comments The New Homeless: Candido Gonzalez at New York's Bowery Mission December 16, 2009 at 7:00 am Earlier this year, the National Alliance to End Homelessness estimated that 1.5 million people would be made homeless over the next two years as a result of the recession. In this series of profiles, DailyFinance speaks with some of the people who have fallen victim to layoffs, foreclosure, unforgiving creditors and plain old bad financial luck. Here are their stories: Continue reading The New Homeless: Candido Gonzalez at New York's Bowery Mission The New Homeless: Candido Gonzalez at New York's Bowery Mission originally appeared on DailyFinance on Wed, 16 Dec 2009 07:00:00. Permalink | Tweet this! | Comments Free Wi-Fi at McDonald's December 16, 2009 at 5:07 am McDonald's (MCD) will offer free Wi-Fi at almost all of its U.S. restaurants starting early next year. Until now, the fast food chain has been charging $2.95 for two hours of service. McDonald's U.S.A. Chief Information Officer, David Grooms, told The Wall Street Journal that the service will operate in 11,000 of the firm's 14,000 American outlets. Continue reading Free Wi-Fi at McDonald's Free Wi-Fi at McDonald's originally appeared on DailyFinance on Wed, 16 Dec 2009 05:07:00. Filed Under: Company News, Technology, Starbucks, McDonald's Permalink | Tweet this! | Comments Cheap Carriers Using Android Spell Trouble for iPhone December 15, 2009 at 7:30 pm Each day on my way to work, I walk by a poster advertising unlimited data, text and calling with carrier MetroPCS (PCS) for $50. Ouch. I pay close to $100 per month for my Apple (AAPL) iPhone on rival AT&T (T) for essentially the same plan. That's roughly a $600 per year difference in costs. So, one would logically ask, why have I stuck with AT&T? First, I much prefer my iPhone to BlackBerry (RIMM) models available on MetroPCS (PCS) or competitor Leap Wireless. You can get far more applications on your iPhone. The iPhone is, to my mind, a much easier device to use and integrate with my laptop. But if those companies offered a phone based on Google's (GOOG) Android operating system, then I might truly consider a switch. Continue reading Cheap Carriers Using Android Spell Trouble for iPhone Cheap Carriers Using Android Spell Trouble for iPhone originally appeared on DailyFinance on Tue, 15 Dec 2009 19:30:00. Filed Under: Company News, Technology, Investing, Google , Motorola, Research In Motion, Sprint Nextel Corp., Apple, AT&T, Verizon Permalink | Tweet this! | Comments   This email was sent to gatdemit001@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.