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The Almighty Buck

Submission + - Tesla CEO Musk is Car-Rich, Cash-Poor

theodp writes: He's got 99 Problems, and a soon-to-be ex-wife is one. Tesla Motors CEO Elon Musk seems to have it all. The electric-car entrepreneur is the toast of Silicon Valley, Sacramento, and Tokyo after unveiling a plan to revive Toyota’s shuttered NUMMI plant. Deal-hungry Wall Street bankers are angling to take his company public. He’s even got a cameo in Iron Man 2. The one thing he doesn’t have, by his own admission, is money. 'About four months ago, I ran out of cash,' he wrote in a Feb. 23rd court filing reviewed by VentureBeat. According to the filing, Musk has been living off personal loans from friends since Oct. 2009 and spending $200K a month while making far less. Tesla Motors, likewise, is dealing with its cash flow problems by borrowing money from a friendly source — the U.S. government, which made $465MM available to the cleantech startup.
It's funny.  Laugh.

University Fails to Find Man Who Hasn't Seen Porn 32

Scientists at the University of Montreal would love to compare the views of men in their 20s who had never been exposed to pornography with regular porn watchers. The problem is, they can't find a man in that age category who has never seen it. “We started our research seeking men in their 20s who had never consumed pornography,” said Professor Simon Louis Lajeunesse. “We couldn't find any.”

Time Warner Shutting Off Austin Accounts For Heavy Usage 591

mariushm writes "After deciding to shelve metered broadband plans, it looks like Time Warner is cutting off, with no warning, the accounts of customers whom they deem to have used too much bandwidth. 'Austin Stop The Cap reader Ryan Howard reports that his Road Runner service was cut off yesterday without warning. According to Ryan, it took four calls to technical support, two visits to the cable store to try two new cable modems (all to no avail), before someone at Time Warner finally told him to call the company's "Security and Abuse" center. "I called the number and had to leave a voice mail, and about an hour later a Time Warner technician called me back and lectured me for using 44 gigabytes in one week," Howard wrote. Howard was then "educated" about his usage. "According to her, that is more than most people use in a year," Howard said.'"

All power corrupts, but we need electricity.