Lèse Majesté

Google loses money on investment

In AOL, that is. Old news in a way, since they took a $726 million write-down on the investment back in January. But Silicon Valley Insider is reporting that Time Warner has bought back the five percent stake Google paid $1 billion for in 2006. The price: a mere $283 million. Ouch.

A very telling graphic

Republican economics

Best summary I've heard: privatize profits and socialize losses. Here we go again...

Surreal press release quote of the day

"The opportunity for synergy between Sears and LL Cool J has been phenomenal," Craig Israel, svp/president of apparel at Sears Holdings, said in a statement. "It stems in large part from the authenticity of the campaign. Sears was a fixture in his life from the time he was a child. He is committed to bringing that same relevance to families today."