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  Friday, 31 Dec 2010 | 4:20 PM ET

Done Forever: The Estonian Kroon

Posted By: Ash Bennington

Done Forever: The Estonian Kroon (Reuters) In a few hours, Estonia will bid goodbye to their old currency: The Estonian kroon.

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  Friday, 31 Dec 2010 | 3:14 PM ET

Words We Ought to Bid Adieu in the New Year

Posted By: Ash Bennington
Woman biting lip
Max Oppenheim | Digital Vision | Getty Images
Woman biting lip

NetNet is always pleased to engage in guerilla action in the war against cliché.

In furtherance of this end, we submit the 2011 List of Banished Words, from Lake Superior State University.

A few samples:

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  Friday, 31 Dec 2010 | 12:19 PM ET

Getting Schooled in Law Loans

Posted By: Stephanie Landsman

The American Bar Association has officially issued a warning on itswebsite .

The ABA is now making the case to persuade college students not to go to law school.

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  Friday, 31 Dec 2010 | 11:43 AM ET

Ex-Goldman Exec Tackles Goldman Sachs Over NFL Negotiations

Posted By: Ash Bennington
David Madison | Photographer's Choice | Getty Images

A former Goldman Sachs executive, now working with the NFL Players Association, is crying foul against his former employer's negotiating tactics .

As a labor dispute between NFL owners and players drags on — and the viability of the 2011 season grows questionable — the rhetoric between the two sides is becoming more heated.

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  Friday, 31 Dec 2010 | 11:05 AM ET

Nicole Lapin's Short & Long List

Posted By: Nicole Lapin

Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.

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  Friday, 31 Dec 2010 | 8:59 AM ET

MBIA Shares up After JPMorgan Drops Insurance Split Suit

Posted By: Ash Bennington

"Stock indexes headed lower on last day of year" (Yahoo Finance via AP) "Investors are taking profits after a strong year in the stock market. The Standard & Poor's 500 index and the Dow Jones industrial average are both up 14 percent for the year, including dividends, as a result of solid corporate earnings. The Nasdaq composite index, meanwhile, is up about 18 percent for the year after dividends."

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  Thursday, 30 Dec 2010 | 4:54 PM ET

Rich New Yorkers: 'Why Buy When You Can Rent'?

Posted By: Ash Bennington


Unexpectedly Strong Manufacturing and Labor Numbers Surprise Investors (Financial Times) "Hopes of an acceleration in the US economic recovery in 2011 received a boost as fresh data on the health of the manufacturing sector and the labour market were strikingly better than forecasters had predicted. The Chicago purchasing manager’s index, — a measure of manufacturing activity in the Midwest — soared from 62.5 to 68.6, the highest level since the late 1980s and way above economists’ expectations. Meanwhile, the outlook for the jobs market brightened as the number of Americans filing to receive jobless claims unexpectedly dropped below the 400,000 mark for the first time in more than two years." And yet all major U.S. indices close down for the day. Interesting.

"Who's Afraid of Rising Rates? Pros Get Ready For Move" \(CNBC\) CNBC's Jeff Cox talks interest rates and market impact: "Though historically low interest rates have been at the core of much of the rally across asset classes in 2010, that doesn't mean anticipated higher rates in 2011 will stop investors from making money. Strategists remain bullish on the stock market, with forecasts of 10 to 20 percent gains abounding. But market pros remain mostly sanguine about bonds as well, even though rising rates and accompanying inflation usually eat away at the value of fixed-income instruments."

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  Thursday, 30 Dec 2010 | 4:07 PM ET

Cuomo Cuts an 11th Hour Deal with Rattner

Posted By: Ash Bennington
Steven Rattner
Getty Images
Steven Rattner

Forty-eight hours before his swearing in as governor, attorney general Andrew Cuomo has cut a deal with Steve Rattner .

And the terms are favorable — for Rattner.

The upshot is this: Rattner pays $10 million in restitution, and agrees to a ban preventing him from appearing before any public pension fund in New York for five years.

Cuomo's office had originally sought a $26 million fine — and a lifetime ban from financial dealings with New York pension funds.

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  Thursday, 30 Dec 2010 | 3:02 PM ET

How to Get Your Company to Be The Most Popular Twitter Brand in The World

Posted By: James Altucher

Various members of the NetNet crew are in and out this vacation and snow-filled week, so we've asked a few friends to fill in. The following is from hedge fund manager and financial columnist James Altucher ...

Loic Venance | AFP | Getty Images

Whatthetrend.com has an interesting list of the non-tech companies that appeared most on twitter over the past year. Basically, they looked for companies appearing the most in tweets and eliminated Apple, Google, Microsoft, etc. The funny thing about the list is that I've barely heard about some of these companies:

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  Thursday, 30 Dec 2010 | 1:33 PM ET

States of Pain: Chapter 8 Bankruptcy Bandage?

Posted By: Nicole Lapin

We’ve all seen the deficit numbers. Twenty-five billion for California. Fifteen billion for Illinois. Ten billion dollars for New Jersey.

Gov. Bredesen interview, former HealthAmerica CEO
Courtesy CNBC
Gov. Bredesen interview, former HealthAmerica CEO

Meredith Whitney says we will all feel the states' pain in the spring when federal stimulus money dries up.

Some set the D-Day date for states even earlier, possibly even next month. CEO turned Tennessee Governor Phil Bredesen predicted that , in January, some states would have, "A cliff they’ve got to navigate. There’s going to be some dislocation. You’re going to see some problems."

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