"We also look at it as a waste of money because the schools didn't even know they were getting the equipment, schools didn't know how to use the machines and weren't prepared to implement them into the curriculum," Sullivan said.
Read more »Chicago Schools Spent $67,000 on Espresso Machines
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Financial Casualty: Why Adolf Merckle Killed Himself
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Crushed by watching his life's work slip through his fingers, Adolf Merckle, the 74-year-old Swabian billionaire, walked out into the bitter cold Monday night and threw himself under a speeding train.
Read more »23 Dumbest Moments in Business 2008.
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Fortune's annual list of the year's most laughable moves proves that, even in moments of crisis, stupidity lives on.From former Countrywide CEO's accidental reply-all e-mail to reports of Steve Jobs' death(he's still alive), click through our gallery as Fortune picks the 21 dumbest moments in business for 2008.You won't know whether to laugh or cry
Read more »U.S. Seeks to Imprison Madoff for $1 Million Transfer
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U.S. prosecutors asked a federal judge to imprison Bernard Madoff as he awaits trial, arguing his $10 million bail should be revoked because he transferred $1 million of valuables in violation of an asset freeze order.
Read more »German billionaire Adolf Merckle jumps in front of Train
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German billionaire Adolf Merckle, who last year joined the ranks of investors who were caught on the wrong foot by an unprecedented surge in carmaker Volkswagen's shares, died after being hit by a train on Monday evening, Die Welt newspaper reported in its online edition, citing police.
Read more »Treasury's Paulson Gets It Wrong (Surprise!)
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In a recent interview with the Financial Times, U.S. Treasury Secretary Hank Paulson blamed the credit crisis on global imbalances. Specifically, he repeated a storyline popularized by Alan Greenspan and Ben Bernanke: that a global savings glut (otherwise known as an imbalance) pushed interest rates down around the world...
Read more »Oil up 38% since Christmas.
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Oil prices soared again Monday - moving closer to the $50 mark - as the movement of Israeli forces into the Gaza Strip this weekend added to worries about Middle East supply disruption.
Read more »The Best and Worst Jobs in the U.S.
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Mathematicians landed the top spot in a new study ranking the best and worst jobs in the U.S. A look at how other occupations fared.
Read more »No recession here: Amazon reports best Christmas season ever
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Tired of layoff and terrible economy news? Here you go: Amazon actually had a great Christmas season.
Read more »Bush pardons mortgage fraudster
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New Yorker pardoned by Bush pled guilty in 'largest ever' New York real-estate minority discrimination lawsuit; Father gave $28,500 to RNC this year; escaped restitution after records were destroyed in WTC.
Read more »Gas prices: Five-year low and falling!
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Gas prices fell for the ninth consecutive day, according to a survey of credit card swipes at service stations across the nation released on Sunday. Prices are down 60% from the record high of $4.114 a gallon touched on July 17.
Read more »Russia Flexes Some Muscle, Cuts Off Gas Supply to Ukraine
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In an ongoing disagreement between the two countries, Russia has decided to play hardball after talks broke down over a contract renewal.
Read more »Economy Sucks But Sex Is Booming!
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THOSE strapped for cash may be spending less on restaurants and entertainment during a downturn, but not necessarily on the quality of their sex lives.
Read more »Dow Posts Worst Year Since 1931
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The Dow gained 1.3% in 2008's final session, closing one of the stock market's worst years on a sunny note. Blue chips fell 34% for the year, the S&P 500 plummeted 39% and the Nasdaq was off 41%. Oil prices jumped.
Read more »Dishonest Lenders Saddle Grads With Crushing Debt
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Natalie Hickey picked up $140k in student debt, some of it at interest rates as high as 18%. Her monthly payments are roughly $1,700, more than her rent and car payment combined. Caught in an increasingly common trap in the nation's $85-billion student loan market, Hickey borrowed heavily, presuming that all her debt was part of the federal loans
Read more »ABC News: Start Your Own Business for $100 or Less
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Tory Johnson's tips and advice on GMA for starting your own business for $100 or less. Interesting.
Read more »GM sues bankrupt supplier for access to parts
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General Motors Corp. is suing a bankrupt automotive supplier for immediate access to specialized parts and equipment, arguing that a delay would hamper the launch of its new Chevrolet Camaro, disrupt assembly operations and cause millions of dollars in damages it can ill afford.
Read more »Bush administration has been too lax in policing Wall Street
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Federal officials are bringing far fewer prosecutions as a result of fraudulent stock schemes than they did eight years ago, according to new data, raising further questions about the Bush administrations recklessness.
Read more »California will run out of money in February
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The State of California will run out of money within two months, forcing Governor Arnold Schwarzenegger to start settling bills and paying employees by issuing "IOU" notes, his chief financial officer has revealed. At present, Mr Schwarzenegger's administration is spending $11bn a year more than its total income.
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