Rupert Murdoch stated that the Wall Street Journal will begin to charge users to access the WSJ iPhone and BlackBerry content apps ($2/month for non-subscribers, $1 for subscribers.) He also told Goldman Sachs Communicopia attendees that the News Corp., NBCU, Walt Disney joint venture Hulu was looking into charging subscriptions to view TV content online. (more...)

video Happy Anniversary Great Recession. A year ago today Lehman Bros. filed for Chapter 11 bankruptcy and sent the economy into a tailspin the country is still struggling to cope with, and which will likely be the defining challenge of Obama's first term despite the recent focus on health care. For those of us who before this past year paid little attention to the business world it's been an education to say the least. For those who toil in the business world and cover it, it has often resulted in the sort of national exposure normally reserved for actors and sports figures (both notorious and celebrated!). With all that in mind, here's a look at the top ten highlights from the Great Recession: Year One. (more...)

VIDEO Alls CNBC's Charles Gasparino is trying to do is tell it like it is — ya' know, tell both sides of the story. But the "nobodies" and "morons" of the blogosphere keep trying to paint him as a Goldman Sachs muppet.   (more...)

You won't find Michelle Leder anywhere on Mediaite's Power Grid, so Anna Wintour needn't watch her back. Even obsessed media watchers likely have never heard of Leder's site, footnoted.org. But if you are interested in the games corporate America plays, it's one of the best shows in town. (more...)

• A.O. Scott will blow up his car if you don't look at this NYT slideshow about bomb I.E.D.s in Afghanistan. (ZT) (more...)

So! Maybe you've been seeing the stories on the front page of the New York Times this week heralding the news that just ten months after the economy fell out from underneath us, thanks in part to the unchecked greed of Wall Street, Goldman Sachs made a huge profit last quarter. A profit so big that its employees are getting million dollar bonuses! (That part is explained here). I've made no secret in the past that numbers are not my strong point, and as such have turned, as I have also done in the past, to Clusterstock's John Carney to help explain what was going on. Here's a portion of our chat: (more...)

If you’re searching for a new Gordon Gekko, someone who personifies the financial bungee jump Wall Street just took us all on, John Thain should not be your first choice. And not just because he acts and even looks a little like Clark Kent, albeit with Bruce Wayne bucks.

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