Read More - Retire Early- www.TheMoneyRunner.ca -

Category: News

Could BP Spill Kill All Life on Earth?

Could the Deepwater Horizon spill cause a massive eruption of methane that destroys civilization as we know it, bet-hedging question mark?

The problem with journalists is that most of us are trained as journalists and not, say, economists or physicists. To a certain extent we need to take experts’ word for it that they are correct. So, some writers examine the research of scientists at Northwestern and Texas A&M and conclude that the BP oil spill may cause the world to end, who are we to argue with them?

Man Claims to Own 84% of Facebook

I am not saying this is a blatant cash grab…I just get the feeling this guy would easily settled out of court for less that what Zuckerberg would spend on attorney fees.

The contract entitled Ceglia to a $1,000 fee and a 50 percent stake in the final product, which eventually launched as TheFacebook.com, according to the suit, which was filed in the Supreme Court of New York’s Allegany County on June 30.

Can Beer be Good for Your Health?

The healthy properties of beer when consumed in moderation are not well understood, according to a new report.

The drink is a rich source of vitamins, fibre, minerals and antioxidants and has a relatively low calorific value compared with many other alcoholic beverages, the study says. The report, commissioned by The Beer Academy, which aims to help people enjoy beer sensibly, found that when drunk in moderation, beer is one of the healthiest alcoholic drinks available.

Consumer Reports Retracts iPhone 4 Recommendation

Adding insult to injury, it looks as though Consumer Reports has retested the iPhone 4 and has come to the conclusion that they simply can not recommend the phone. Ouch.

Our findings call into question the recent claim by Apple that the iPhone 4’s signal-strength issues were largely an optical illusion caused by faulty software that “mistakenly displays 2 more bars than it should for a given signal strength.”
via

Goodbye Blockbuster

Could your friendly neighborhood Blockbuster be a relic of the past? Yes, according to Douglas A. McIntyre of 24/7 Wall St. In fact, Blockbuster is just one of 10 national brands that may disappear as soon as next year:

Blockbuster was the national leader in the video rental business for nearly two decades. Now it is contemplating Chapter 11 to eliminate debt. The company lost $65 million last quarter. Its revenue continues to fall rapidly as firms such as Redbox and NetFlix (Nasdaq: NFLX – News) siphon off its revenue.

Blockbuster has more than 6,000 stores, so it is hard to imagine that the company could disappear. But, there is some precedent, even if it is on a smaller scale. Blockbuster rival Movie Gallery said in February that it would close all of its 2,400 U.S. stores. Blockbuster’s model of renting movies through physical locations has been destroyed by cable and satellite video on demand, DVDs via mail and dispensing machines. Blockbuster may still be around as a company that has movie kiosks and a small mail and Internet-delivered content business. But its brick and-mortar business is dead.