| Cramer Says He Won’t 'Kiss Up' for Bernanke Interview and Fed Wants ...
CNBC “Mad Money" host, resident ranter and stock-picker extraordinaire Jim Cramer can now add “media critic" to his list of duties. Over the past six months, Cramer has become a YouTube sensation for taking shots at Federal Reserve Chairman Ben Bernanke, including his infamous “They know nothing" rant on CNBC's August 3 “Street Signs." Today Cramer used his “Stop Trading" segment on CNBC's “Street Signs" to blast Bernanke some more and accused some in the media of kissing up to Bernanke for the “big interview." “I guess I should just kiss up and get the big interview with Ben like everybody else wants," Cramer said to “Street Signs" fill-in host Melissa Lee. “Sorry, I could care less." Cramer obviously wasn't impressed with Bernanke's comments yesterday where he said the Federal Reserve stood ready "to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks." .
Sofa so bad for Land of Leather
Land of Leather has seen no respite from its post-Christmas sales slump, with trading throughout January proving just as disappointing. The sofa retailer announced this morning that trading was "unchanged" since January 4, when it reported that sales were significantly below expectations – a warning that sparked alarm across the furniture sector. This month is a key time for the company, as it makes a quarter of its sales between Boxing Day and January 31. Shares in the company fell 6% in early trading, to 60p, and analysts warned investors to be cautious even though the stock has fallen 80% over the last year. "Land of Leather continues to disappoint," said Kevin Lapwood of Seymour Pierce. "Any hopes of a pick-up over the sale period were not realised." On January 4, Land of Leather said that underlying sales over the first nine days of the post-Christmas sales had fallen by a quarter, a decline it blamed partly on the credit crunch.
Cutting back on spending?
Good tips J. I do some Mystery Shopping. It's an easy way to treat ourselves to a "free" nice meal and get paid to do it. If you like window shopping, you get paid to do it and can get gift certificates, etc. All you have to do is agree to write a review on the quality of the service during your shopping experience. You can sign up on line to be a Mystery Shopper in whatever categories you are interested in or fits your situation. Kudos to you for being responsible and caring more about your child than how hard it is. .
Ferguson's tenure is over, MLSE's structure to change?
John Ferguson is out, but more changes are coming. And we're not just talking about the possibility of a Mats Sundin trade. Tuesday was step one in what appears to be a fundamental change on how the Toronto Maple Leafs – and their parent company, Maple Leaf Sports & Entertainment – will run the team. In his opening remarks, Richard Peddie stopped, looked at the assembled media and accented the word “president" when he announced that, this summer, the organization will be looking for a president and general manager for the hockey club. That's the Bryan Colangelo deal. That's how the Raptors brought him to Toronto, promising he would be in charge of all basketball-related matters. Peddie will be in charge of condominiums and stadiums. He is now Toronto's most powerful superintendent.
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