Archive for the ‘Spend Page’ Category

Twelve Days of Christmas Presents = $100,000 in 2010

Thursday, December 23rd, 2010

Ever wonder how much five golden rings and a partridge in a pear tree would set you back? No, we haven’t either. But PNC Bank spent a lot of time and money figuring it out and presenting it in an [awesome] online pop-up book for your enjoyment!

To find out how certain prices were calculated, like, say, 12 maids a-milking, check out the USA Today story about the project here.

And for a little retro Twelve Days action, check out John Denver and the Muppets in 1979:

Sale of the century! Own a little piece of Bernie Madoff…

Thursday, December 23rd, 2010

The AP reports that hundreds of Bernard Madoff’s personal items are going up for auction at the Sheraton New York Hotel, courtesy of the U.S. Marshals Service. Madoff is just beginning his 150-year prison sentence for ripping off investors in the biggest Ponzi scheme ever.

velveteen-slippers.jpeg

Snatch up those limited-edition monogrammed velveteen slippers before they’re gone! Also available: a 10.5 carat diamond ring owned by Bernie’s wife, Ruth, and a “like-new” Steinway piano. (Thanks, msnbc.com)

Surprise! Barnes & Noble Colors Its Nook

Thursday, December 23rd, 2010

Amazon.com’s Kindle has been dominating the e-book market since the get-go, but the Kindle just got sucker-punched by Barnes & Noble’s all-new Nook Color. (Who’s naming these things?)

Full-color photo spread (including gratuitous moustache shot) in the original article:
Bloomberg, 12/2/10: Color Nook One-Ups Kindle in E-Reader Battle: Rich Jaroslovsky

Santa’s Skipping The Credit Card Debt This Year

Friday, December 10th, 2010

Credit card companies are freaking out as they try to entice shoppers to pay for gifts with credit. But those 5% cash back offers aren’t exactly worth taking on thousands of dollars in debt.

  • Even though holiday spending is up compared to last year, shoppers are less likely to whip out their credit cards at the register this year.
  • Some shoppers are trying to avoid taking on more dangerous debt, and some simply lost their cards because of the recession and last year’s credit card reform. Outstanding credit card debt is “bad debt” because it lowers your credit score.
  • Card issuers make money when customers run up their credit bills and then fail to pay the entire balance at the end of the month. If they miss payments, their interest rates go up, and so does their total amount owed.

Facts & Figures

  • Use of Visa and Mastercard cards fell 11% in the past year
  • Spending on Black Friday was up more than 6% over last year
  • 15 million Americans lost their credit cards because of the recession and new credit card regulations

Best Quote

“With the interest rates, it just seemed like I never paid it off.” – Liz Gonzalez, talking about her credit card debt

Capitalists Compete For A Piece Of Lenin

Thursday, December 9th, 2010

This is probably not what he imagined when he commissioned all those paintings and sculptures of himself.

  • The Hungarian government is auctioning off a bunch of Lenin memorabilia to help pay for cleanup of the massive wave of toxic waste that flooded Budapest this October.
  • Ads for the auction featured a picture of Lenin being struck on the head by the hammer from the communist hammer-and-sickle logo, along with the words “Never Again.”
  • Some bourgeois bidders are just picking up kitschy decoration for their homes, but others appear to be having a little communist-bloc nostalgia (see quote below).

Facts & Figures

  • Communism collapsed in Hungary more than 20 years ago
  • A small ceramic bust of Lenin sold to a 22-year-old for $1,000
  • The auction was held at a former warehouse of the Hungarian secret police

Best Quote

“When I was young, I didn’t really look deeply into the faults of the system. I lived a calm, secure life where bread cost 3.5 forints and everyone had a job.” – Gyorgy Torok, a real-estate entrepreneur struggling in the current economic climate

Thinking About Getting An MBA? Prepare For Possible Unemployment

Friday, December 3rd, 2010

Compared to last year, it’s easier for MBAs to get a job, but nowhere near as easy as it was before the recession.

  • The recession has made it a lot harder for business-school grads to get a job, especially in the consulting and financial services industries.
  • Though companies are recruiting less, some schools have maintained relationships with those hiring sources. But schools that don’t have those relationships are having a much harder time hooking their grads up with jobs.
  • Companies that are hiring are focusing their recruiting efforts on schools located nearby, even more than the top-tier schools.

Facts & Figures

  • In 2009, 84% of business-school grads worldwide had  jobs within a few months of graduating; in 2010, that number rose to 88%
  • Industries now actively recruiting MBAs: healthcare, energy, technology
  • Median starting pay for business-school grads in 2010 was $78,820 in 2010; in 2009 it was $75,000

Best Quote

“Back in 2007 and 2008, students had flexibility to decide where they wanted to live and work. With outlooks tightening, students will take opportunities wherever they’re available.” – Nicole Hall, President of the MBA Career Services Council

Throw Angry Birds For Stress Relief

Wednesday, December 1st, 2010

Congratulations, English! There’s now a thing called “entertainment snacking.”

  • Super-popular Angry Birds is just one of the “casual games” now dominating the digital marketplace. These games are accessible to nearly everyone because they’re rooted in basic physics concepts and extremely easy to understand.
  • A study showed that casual gaming actually reduced stress and improved mood in players, most of whom report that they play while waiting for appointments. One of the characteristics of Angry Birds is that it doesn’t punish players for failing – its feedback mechanism is reward-only.
  • Simple games aren’t new, but they’ve always been popular – just look at Tetris or Bejeweled. Alas, eventually all games run out of levels, so developers will have to keep innovating to feed the time-killing needs of their audience.

Facts & Figures

  • Angry Birds has sold more than 12 million copies since last year
  • The average session of casual gaming lasts less than 15 minutes
  • Famous Angry Birds addicts: David Cameron (the UK Prime Minister), Salman Rushdie, Conan O’Brien

Best Quote

“[I'm] something of a master at Angry Birds.” – Salman Rushdie, Booker Prize-Winning Novelist

Black Friday’s Supertroopers

Friday, November 26th, 2010

It’s Black Friday, the biggest and most aggressive shopping day of the year. Stores slash prices and determined shoppers wait up all night, push each other, bribe each other, and occasionally trample one another to get their hands on the goods.

This year has seen an increase in the number of shoppers from the broke years after 2008, and the L.A. Times was kind enough to interview some of the consumer warriors swarming the local malls.

Best Quotes

  • “It’s cold, cold, cold, frustrating and stressful standing for five hours but you just do it. My mother-in-law put me in this spot.” – Monica Ferreira, 27, hoping for a $600 washer-dryer from Sears
  • “We are in it to win it. Go hard or go home.” – Ilene Agan, 27, veteran Black Friday Shopper at Toys R Us
  • “This is professional shopping for a lot of these customers, and they know exactly what they want. They plan these things, they have their routes and they make a beeline.” – Mike Boylson, Chief Marketing Officer, JCPenney
  • “Maybe I’m sacrificing too much for this TV.” – Vanessa Barrera, 20, Sears

Christmas In November for Tiffany

Wednesday, November 24th, 2010

Thinking about wrapping your gifts in a certain blue box this season? Whatever, Tiffany doesn’t really need your money.

  • The company has already seen profits way higher than projected, and the upcoming shopping nightmare known as Black Friday will probably boost sales even more.
  • Other luxury goods brands are looking up as well – both Coach and Hermes are reporting strong sales this quarter.
  • The National Retail Federation says this holiday season is probably going to be the best in four years. (If you’re a retailer, that is.)

Facts & Figures

  • Sales have increased by 14% over last year
  • The biggest increase in purchases is coming from big-ticket items – those that cost $500 or more
  • Sales of items under $500 have continued to decrease

Best Quote

“We continue to see bifurcated performance, with declines in sales and transactions below $500, but double-digit percentage increases in most every other higher priced category. This indicates to us diverging effects to one degree or another that the economy is having on consumer spending.” – Mark Aaron, Tiffany’s Investor Relations Chief

One Essential Fashion Tip from a Professional Stylist

Monday, November 22nd, 2010

Lani Rosenstock makes a living telling people in New York and D.C. what to wear. But this one little tip might eliminate the need for most of her fashion advice. (Sorry, Lani.)