The housing market is slipping and taking 800,000 U.S. jobs with it. Mortgage defaults are up. And Fast Company points to these signs of what the economy will do next year (good news: no recession; bad news: it doesn’t matter). Here’s where bloggers were following the money this week:
More than half of all Americans think Wal-mart is bad for America and that’s a very bad thing explains Cafe Hayek. But that hasn’t stopped consumers from shopping there. The Big Picture analyzes whose online sales are really growing.
Why does GM build cars that cost too much...and suck? PrestoPundit's readers weigh in. But if you're considering a Prius instead, consider this: It would take 10 years at $5/gallon for gas to pay off the $9,500 premium on its hybrid drive, according to Deep Green Crystals.
Forget CNBC's TV shows—Solitaire Trader parses the business network's ads, which may predict which companies tank next. (Enron used to be a biiig advertiser.) And it's a good thing most Web 2.0 companies don't advertise in Wired yet. Once they do, they’re toast says The Post Money Value.
Bone marrow transplants are $2.5 million in the U.S., but India's docs can do them for just $26,000. Time for medical tourism, blogs Marginal Revolution. Speaking of rackets, here's a visual representation of the leadership of Black Gangster Disciple Nation, a crack-cocaine gang-corporation modeled on material from Freakonomics via Freakonomics Blog, naturally. And are VCs worth the money for startups? A Harvard prof says no on alarm:clock.
Are you wealthy? Political Calculations has a year’s worth of calculators in one spot that answer that question and others including: Is It Worth the Drive? How Much Is That Idea Really Worth? and Should You Keep or Sell Those Stock Options?