PODCAST: A $1.3 billion billboard and LinkedIn’s most popular passwords
Global markets are up — for now — on news this weekend that European leaders agreed to bail out Spain's banks to the tune of $125 billion. With California scheduled to vote on a budget this week, the question is: How did the state’s finances get so bad, so quickly? The Apple Worldwide Developers conference kicks off in San Francisco today where CEO Tim Cook will unveil the company's newest products. And a Syrian doctor in Istanbul set up a free hospital to treat Syrian opposition fighters, but middlemen ripped off his patients.
The markets are up — in a sugar-high kind of way. They’re reacting to a $125 billion European bailout of Spain’s banks. Spain is the fourth-largest economy in the Euro zone and the bailout is kind of sort of a bailout of Spain’s government because the banks are big buyers of government debt.
There’s a story developing this morning in Southern California where the LA County Sheriff’s department says the U.S. Commerce Secretary John Bryson caused two hit and run collisions yesterday. They’re investigating, and so far have said that there’s no indication that alcohol or drugs played a role. The Commerce Department says the Secretary had a seizure. He was hospitalized after the crashes, and he has been released.
In Dubai, there’s a billboard being unveiled today that will cost $1.3 billion a month. It has a nice location near the Burj Khalifa, the tallest building in the world. The ad is for a skydiving center and an energy drink. The billboard features a real guy with a real jet pack who emerges from the ad every now and again and then flies around for a bit.
The social networking site LinkedIn was hacked last week and more than six million passwords were stolen and posted on the web. Turns out the most common password for LinkedIn was ‘link.’ Number two was 1234. Number three was 12345. And number four? You guessed it 123456. That’ll fool ‘em.
What does the middle class look like? We got a bunch of your photos with really great stories about being middle class. Like one from Steve Haupt in Clarksburg, California. Haupt says that’s being middle class means working hard, saving, setting a goal, and getting there. Show us what you think it means to be middle class.