With crude oil prices at $118 a barrel, (hitting $119.90 on tuesday), the question now is not if gas will hit $4 a gallon, but when will it hit $5. The Fed must share blame for the spike in all commodity prices, since cutting its key federal funds rate to 2.25% from 5.25% starting back in September 2007. At that time Oil was trading at $70 a barrel. Each fed fund rate cut weakens the … [Read more...]
Archives for April 2008
Google Sued for “Selling deceptive AdSense Keyword Ads”
An advertiser sued Google in federal court Tuesday claiming the company deceived him and charged for ads displayed on third party Web sites, even though he left blank an "optional" box that seemed to address the issue. The lawsuit accuses Google of defrauding advertisers out of millions of dollars collectively by "redefining the universally understood meaning of an input form left … [Read more...]
Housing Prices: A Scary Prediction
Yale University economist Robert Shiller who long ago predicted the housing market bubble, said today that the slump in the U.S. housing market could cause prices to fall more than they did in the Great Depression "there’s a good chance housing prices will fall further than the 30 percent drop in the historic depression of the 1930s. Home prices nationwide already have dropped 15 percent since … [Read more...]
Yahoo’s Profit Beat Estimates, but is it enough to Stop Microsoft??
Yahoo reported slightly better than expected 1st quarter results on Tuesday, but failed to deliver the blowout quarter that many analysts said it needed to get a higher takeover offer from Microsoft. Yahoo we down $.19 cents in after hours trading following the report, as the results are seen as not being strong enough for Yahoo to increase its leverage against Microsoft. Strong results … [Read more...]
Domain Round Table Auction nets 400K
Here are the domain that sold today at the Domain Round Table show. Looks like there were some good buys. What you think?? 330.com $23,000 AllergyProblems.com $5,000 Ammunition.cc $200 AmsterdamVacations.com $4,600 AutoDirectory.com $8,200 AutoRespond.com $2,900 BasicInstall.com $400 BigStore.com $6,000 BoundModels.com $250 BusinessRefinance.com $3,100 BuyMedication.com … [Read more...]
Domain Round Table Auction Today
The Domain Round Table Auction will be held today starting at 2pm EST. 352 domains will be auctioned off and live remote bidding is avaliable. You do need to set up an account at domain tools to bid, so if your planning to do so, do it now. I look for somewhere between 2-3 million in sales. There are domain as low as $100 and Holiday.com is high reserve name just under $6.5 Million … [Read more...]
Its Better in the Bahamas
Having spend a few days in Paradise Island, in the Bahamas, it seems the economy is not a problem everywhere. In the Marina by the Atlantis hotel, there are no less than 20 mega yachts docked (yachts over 100 Ft). Actually there is only one vacant space in the whole complex for such a yacht, so if your interested better get over there soon. Down the road in the Ocean Club estates, the … [Read more...]