- $GM may run out of gas before Obama arrives. Darn that George Bush.
- Fidelity cutting 1700 jobs. Combined with 1,300 cuts that Fidelity announced last week, the second round disclosed Friday will eliminate about 7 percent of the company's work force of about 44,400, said Anne Crowley, a spokeswoman for Boston-based Fidelity.
- The Bonddad writes his blog entry from his iPhone today. Not easy!
- Rooneys race to sell the Pittsburgh Steelers before the President Obama capital gains tax rate hike. Republican Dan Rooney supported Obama for President. I guess when it comes to the rich paying their fair share, Rooney believes it's a good idea on paper, but he'd rather avoid it.
- Seems like most financial blogs this weekend are leading off with, "Last week was a tough week." Which is pretty much the same lead off the past few months.
- Art Laffer, via Barry Ritholtz, U.S. automakers are "Never going to make it." In my blog entry yesterday, I mentioned that I thought any promise by Pelosi, Reid or Obama to the automakers is just a promise to the UAW union. They need the votes in future elections. The need the campaign donations from the UAW. The U.S. automakers have a bad business model, spending way too much money on health care and benefits compared to other automakers.
- Professor Mark Perry has a chart of total compensation of the Big 3 vs. foreign car companies. Average total compensation for the Chrysler, GM and Ford is $73.21, while for Toyota, Honda and Nissan, the average total compensatin is $44.20.
- With earnings falling, is it time to buy stocks? The S&P 500 total earnings is falling like a rock. Just like it did before the market took off in 82, 91, 02 and at other times in the past.
- I was sucking down some beers yesterday watching football, and my buddy said he quit putting money in the 401(k) this month. He heard somebody on the radio and Fox news say this is going to be a depression for the next few years. He wants to wait until things get better before going back into the market. I dunno... Probably bad timing on that one.
- If you have an iPhone, check out Shazam. How many times have you had the radio or been somewhere when a song comes on that you can't identify? Run Shazam, and it will identify the song and artist for you. And it is FREE!
- Is voice search on the Apple iPhone a killer application?
Picture is of Annaleigh from America's Next Top Model.