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Funny Business with Jane Wells

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  Monday, 27 Jan 2014 | 3:31 PM ET

Stupor Bowl: What pot and football have in common

Posted By: Jane Wells
Source: Skreened.com | Stonerbowl

The Super Bowl has gone to pot.

Both teams playing in Sunday's big game—the Seattle Seahawks and the Denver Broncos—hail from states where recreational marijuana is now legal for people over 21. They are playing in New Jersey, a state slow to roll out a medical marijuana program, but one where at least one legislator wants to follow in the footsteps of Washington and Colorado. A variety of public opinion polls show most Americans now favor legalization.

Suddenly, the Super ... Bowl ... takes on a whole new meaning.

»Read more
  Thursday, 23 Jan 2014 | 1:30 PM ET

Sugar v. corn syrup: Sweeteners clash in court

Posted By: Jane Wells
Soda production line
Dario Pignatelli | Bloomberg | Getty Images
Soda production line

The battle between sugar and high-fructose corn syrup (HFCS) has gone into the fifth (sixth?) inning. Which will win is anybody's guess.

The two sides have been in court for three years, suing each other for false advertising.

The Western Sugar Cooperative filed the first lawsuit in 2011, accusing the Corn Refiners Association (CRA) and backers such as Cargill and Archer Daniels Midland of misleading the public with an educational campaign promoting HFCS as nutritionally identical to sugar.

"Sugar is sugar," the association said back then, as it spent an estimated $50 million to promote HFCS. It even sought—unsuccessfully—to persuade the Food and Drug Administration to let it change the name of HFCS to "corn sugar."

The CRA countersued in 2012, claiming that the sugar industry was smearing HFCS in order to get consumers to buy products sweetened with sugar.

(Read more: Global food prices tick up on higher sugar costs)

Both agricultural industry groups benefit from taxpayer subsidies and protections. Corn is the most highly subsidized crop in the U.S., with the federal government paying an estimated $10 billion or more in various forms of aid between 2010 and 2012, according to the Environmental Working Group's database.

And while Congress cannot agree on a farm bill, it did agree to renew a controversial safety net for the sugar industry that inflates prices.

»Read more
  Wednesday, 22 Jan 2014 | 11:15 AM ET

Your very own 3-D-printed baby? Yes, it's real

Posted By: Jane Wells

Nothing is more joyous than a newborn. A new life restores faith in ourselves, in God, in the future. Babies mean hope.

Lately, however, they're creeping me out.

»Read more
  Tuesday, 14 Jan 2014 | 11:37 AM ET

Oregon Obamacare misdials going to guy in Florida

Posted By: Jane Wells
Source: Cover Oregon

David Kenyon is used to answering questions. He runs Cover Wrap Communications in Vero Beach, Fla. He's especially good at answering questions about the value of the advertising that wraps around covers of magazines placed in a doctor's office.

He's not so good at answering questions about health-care plans 3,000 miles away in Oregon.

But at least Kenyon will take your call.

"My wife thinks I'm crazy for answering the phone when I see it is from Oregon," he said. "Calls come in until 9 p.m."

»Read more
  Wednesday, 8 Jan 2014 | 3:10 PM ET

John McAfee's 2014 resolutions: No bath salts

Posted By: Jane Wells | CNBC Reporter

Finally.

Intel announced at the Consumer Electronics Show in Las Vegas that it will be rebranding its McAfee Security software products as "Intel Security." Even though the McAfee brand is almost 30 years old, the name is now most often associated with the escapades of the company's founder, John McAfee.

However, while the name is gone, Intel is keeping the red shield.

»Read more
  Wednesday, 8 Jan 2014 | 10:46 AM ET

Admit it, cool high-tech guy: You still own a VCR

Posted By: Jane Wells
You can't see it in this photo, but this baby's still flashing "12:00" every two seconds.
Getty Images
You can't see it in this photo, but this baby's still flashing "12:00" every two seconds.

This week the Consumer Electronics Show is all the rage. Tech-this, and smart-that—all the cool kids have converged on Las Vegas to find out what products will make our lives better in 2014.

Meantime, most of us haven't gotten rid of the old VCR.

According to a Gallup survey, 58 percent of Americans still have their VCRs. That's a larger percentage than those owning a desktop computer, an iPod or MP3 player, a videogame console, a tablet computer, satellite TV, or an e-reader. In fact, only a few more of us—62 percent—own a smartphone.

All just a bunch of old fogies? Uh, no. According to Gallup, 41 percent of people ages 18 to 29 still own a VCR.

Here's the most amazing part of that survey—people admit they have one.


»Read more
  Monday, 30 Dec 2013 | 3:54 PM ET

Ready, set, toke! Colo. pot shops prepped for biz

Posted By: Jane Wells
Rating Colorado's pot sellers
CNBC's Jane Wells reads reviews for some of Colorado's pot sellers. The reviews come from a website called WeedMaps, which rates pot sellers in the state.

The great experiment in legalized marijuana kicks off in earnest Wednesday, as Colorado edges out Washington as the first state to open licensed retail outlets selling pot to anyone over 21.

The "adult use" cannabis will be sold with a 25 percent tax—three times as much as Colorado's medical marijuana tax. Will recreational users pay more for legal pot? That is the $240-an-ounce question.

Weedmaps, the Yelp of medical pot, is getting a jump on events. It's rating and reviewing medical dispensaries in Colorado that also will sell recreational pot.

(Read more: High Times aiming for $100M marijuana fund)

»Read more
  Tuesday, 24 Dec 2013 | 8:57 AM ET

Helping troops overseas, one golf ball at a time

Posted By: Jane Wells

While it seems like war has ended after a dozen years, the truth is, we still have thousands of troops overseas in harm's way.

Some haven't forgotten. Here are two men trying to make the holiday less stressful—and a lot more fun—for troops who cannot be home with family.

First, there's Bunkers in Baghdad. Joe Hanna, a sports entertainment attorney from Buffalo, N.Y., started the charity after learning that troops in Iraq were creating makeshift driving ranges and golf courses to relieve stress. He thought, "Why not send them balls and clubs?"

»Read more
  Friday, 20 Dec 2013 | 4:16 PM ET

It turns out a lot of us are shopping naked

Posted By: Jane Wells

If you're putting off going to the mall, put off by the holiday crowds, I'm afraid it's not going to get any better.

Better to stay home and shop online naked.

This is a thing now, apparently.

»Read more
  Wednesday, 11 Dec 2013 | 8:00 AM ET

The surprise star of 2013: The 'Prancercise' lady

Posted By: Jane Wells
Prancercise Founder Joanna Rohrback
Larry Marano | Getty Images
Prancercise Founder Joanna Rohrback

It's been quite a year for Joanna Rohrback. One year ago this Christmas, she posted an exercise video that showed her working off calories by mimicking the movements of a horse.

She called it "Prancercise."

For months, the video sat unnoticed on the Web. In May, however, somebody, somewhere—I don't really know how it all started—discovered the video, and the rest galloped into history.

»Read more

About Funny Business with Jane Wells

  • If it was up to Jane Wells, she’d spend her entire day combing Mother Earth for stories and observations just for this blog. She has more fun writing Funny Business than anything else she does... professionally, that is. Funny business is whatever Jane considers hilarious, strange, fishy, or ridiculous, which pretty much covers everything on Wall Street. It is her hope this blog makes you smile, even when the news is grim. After all, it's only money.

 

  • Based in Los Angeles, Jane Wells is a CNBC business news reporter and also writes the Funny Business blog for CNBC.com.

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