CNBC business news reporter Jane Wells is based in Los Angeles, where she covers retail, agriculture and defense as well as reports on California's economy, West Coast real estate and Las Vegas. Wells also writes the blog Funny Business for CNBC.com covering a variety of unusual items. Wells came from CNBC's "Upfront Tonight," where she served as a senior correspondent.
Wells joined CNBC in 1996, providing special coverage of the O.J. Simpson civil case for "Rivera Live." Prior to joining CNBC, she was a correspondent for the Fox News Channel and Los Angeles reporter for NBC's flagship television station, WNBC, in New York. Her television news career includes reporter positions with KTTV, Los Angeles; WTVJ, Miami; and KOB, Albuquerque. She has also contributed international reports for CNN.
Wells has received numerous honors for her work, including a 1992 Peabody Award and duPont Award for her role in the live coverage of the Rodney King Trial. That same year, she earned a Los Angeles Emmy Award for her investigative reporting. She also has received UPI, Press Club and Emmy Awards for feature reporting; three Florida Emmy Awards for news reporting; and the Investigative Reporters and Editors Award for team reporting.
Wells holds bachelor's degrees in broadcast journalism and philosophy from the University of Southern California, where she graduated with honors. She and her husband have two children and live in Los Angeles.
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Jordan Belfort is the biggest Wall Street crook you've never heard of. He was the king of funny business (not in the ha-ha way) during the bull market of the '90s, nicknamed "The Wolf of Wall Street." I profile Belfort on "Business Nation" this month, and you'll learn how he created a brokerage called Stratton Oakmont which functioned like a cult.
Off to the Yakima Valley in Washington to check out this year's apple crop. I'm hearing conflicting stories about whether there are enough pickers this year. Some farmers say they have enough, thanks in part of the homebuilding slump (subprime's silver lining: lower food prices!)
God Bless Wisconsin. Folks, you haven't really seen America until you've watched people wade into a cranberry bog and harvest one of the few fruits native to this continent. Better yet, put on waders and do the work yourself. I've done just that at Bill and Sandy Hatch's Dandy Creek Marsh, outside Wyeville, WI, population 146. People here could not be nicer.
Today I'm flying to Wisconsin, where Friday you will see me standing knee deep in a flooded cranberry bog. How cool is that? CNBC has been berry berry good to Jane.
There's nothing funny about today's post, other than the funny money that went into mortgages. I am on the ground on Henry Long Blvd. in Stockton, CA. This is truly the epicenter of the foreclosure earthquake. I would say one out of every eight homes in this neighborhood is for sale: and you know which ones are vacant because the lawns are dead.
Today I am in Stockton, California. A lot of what you eat comes from Stockton, a major center of Central Valley agriculture. I wouldn't exactly call it a garden spot, but it has kind of come up in the world as an affordable commuter community for people working in Sacramento or even the Bay Area (an hour and a half away).
Another century, another O.J. Simpson trial. Las Vegas is gearing up for the ka-ching the media circus will bring to town. All the hotel rooms and meals that Marcia Clark and friends will take up covering the event should create quite a cash infusion. The bar tab alone will bail out several waitresses caught in the Vegas subprime meltdown.
There is a group of do-gooders based in St. Louis who hold blood drives and sell t-shirts and generally try to educate people about how best to prepare for disaster. Any disaster. Like, even the ultimate-worst-horrible-oh-my-goodness-I-can't-believe-this-is-happening-to-me kind of disaster. Just would that disaster be? Well, the group is called the Zombie Squad (or ZS), and it claims the worst of the worst is... zombies.
What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while Bernanke is K-Fed (a strange background ornament who suddenly looks responsible)?
A website called Beautifulpeople.com has created a mentoring program cheekily called "Adopt an Ugly Person."
Hormel has created a custom motorcycle that runs on 100 percent refined bacon grease.
Love Cloud Vegas is an airline where people pay to go airborne so they can join the Mile High Club.
Food prices are high, but for the $100 watermelons and pumpkins Tony Dighera grows, demand is outstripping supply.
Who is Gotham's "Funniest Person in Finance" -- a trader? a financial advisor? an IT guy? Click ahead to find out!
Former college football coach Barry Switzer has turned a man cave in his Oklahoma home into a base for Coaches' Cabana.
Apeks Supercritical sells an extraction machine for medical marijuana users who prefer consuming oils over smoking the plant.