- Stocks rallied Friday, with the Dow industrials closing up 494 points after reports surfaced that President-elect Barack Obama will nominate New York Federal Bank President Timothy Geithner (not pictured) as his new Treasury secretary.
- E! entertainment television has just named supermodel Karolina Kurkova the sexiest woman in the world.
- You be the judge on the real reason for the market rally. Timothy or Karolina?
- Even with the market rally, financial lagged badly. Not a good sign. What are the chances of some Citigroup ($C) news this weekend?
- Warren Buffett says that the automakers must rethink their business model. Bankruptcy would be a poor solution for the auto industry, Buffett said, so he hopes a better way can be found to work out the union contracts and other issues the companies face.
- The problem is that the unions don't want any more give backs. Of course, bankruptcy would be the ultimate give back. It'll be interesting to see how this plays out, and everyone is watching. I imagine something will be done, but I hope it's not just propping up a poor business model. The last thing anyone wants is for the companies to burn through the cash and come back in 6 months asking for more.
- With oil prices low, people are forgetting about the need to "get 'er done" on . The cold reality of plunging energy prices and the credit crisis have cast a pall over recently hot shares of solar-panel makers, as a leading Chinese manufacturer slashed its revenue outlook to close out a dismal week in the sector.
- Other things are in the headlines, but once the world's economic growth resumes then energy demand will increase. Will we take action now, or be saying "If we had acted years ago, the energy would be coming online?"
- Downloaded the new iPhone 2.2 upgrade, and everything seems okay. The streets view on the maps is cool. Just like the desktop version. Pretty slick. Pretty fast.
