Money Matters - Simplified


Bernanke's Best One-Liners of 2010

Central banking isn't all grim and sober. These are my top one-liners for 2010 from Fed Chairman Ben Bernanke, who really saved the best for last by delivering three of them during a single, exceptional set on CBS' 60 Minutes at the beginning of the month.

Chris Hughes' philanthropy site Jumo debuts

Chris Hughes, who co-founded Facebook with his Harvard buddies in 2004 and left them in 2007 to follow his own separate path, on Tuesday unveiled beta for his highly-anticipated social networking site, Jumo where users can connect with their favorite social causes online.

Fox moving 'American Idol' off Tuesdays

New York -- Fox announced it is moving "American Idol" to Wednesday night and then will shift it again to Thursday starting in January.

"Idol" currently airs Tuesday, but the plan calls for the talent contest to air on both Wednesdays and Thursdays beginning in January.

The Hollywood Reporter said Fox's goal is to use "Idol" as a lead-in to its "Human Target" series on Wednesday and at the same time compete with the new CBS series "Live to Dance," which stars Paula Abdul.

Thursday is generally the highest advertising revenue night in U.S. prime time. "Idol" will also give a boost to the new Fox reality series "Million Dollar Drop." The struggling "Fringe" will be moved to Friday, The Hollywood Reporter said.

COL BKB: Minnesota 72, North Carolina 67

San Huan, Puerto Rico -- Blake Hoffarber scored 20 points Friday and Minnesota took advantage of cold shooting by North Carolina to surprise the No. 8 Tar Heels 72-67.

In the biggest upset to date in the young college basketball season, Minnesota reached the championship game of the 2010 Puerto Rico Tip-Off.

The Golden Gophers (3-0) will meet West Virginia in Sunday's title game.

Ralph Sampson III had 12 points for Minnesota while Trevor Mbakwe delivered 12 points and nine rebounds. The Gophers had as much as a 10-point lead during the final minute.

North Carolina (2-1) was led by Tyler Zeller with 16 points. Prized recruit Harrison Barnes had six points, but the freshman missed all of his 12 shots from the floor.

Steelers boot kicker Reed

Pittsburgh -- The Pittsburgh Steelers cut kicker Jeff Reed Tuesday for missing a third of his field-goal attempts this season and replaced him with Shaun Suisham.

Reed, who had spent all nine of his NFL seasons with Pittsburgh, hit the waiver wire after missing seven of his 22 tries, including a 26-yarder Sunday against New England.

Suisham, who worked for Dallas and Washington last year, signed a one-year contract with the Steelers.

Reed, 28, had been named a franchise player by the Steelers and signed a one-year contract in the off-season after making 27-of-31 attempts last season. He made 79.1 percent (87 of 110) of his field goal attempts in the NFL and ranks second on the Steelers' all-time list with 919 career points.

NHL: Columbus 3, Minnesota 2

St. Paul, Minn. -- R.J. Umberger tallied a short-handed goal in the third period Saturday, allowing the Columbus Blue Jackets to upend Minnesota 3-2.

Umberger's goal came midway through the frame and was reviewed by the officials to determine if it had gone completely over the goal line and under goalie Niklas Backstrom's pads.

The Blue Jackets also got goals from Derek Dorsett and Derek MacKenzie in the road victory -- their first regulation win of the year.

Mathieu Garon stopped 21 Minnesota shots.

The Wild got goals from Brent Burns and Cal Clutterbuck in the setback, their third in four games to start the season.

Backstrom ended with 25 saves in the loss.

Copyright 2010 United Press International, Inc. (UPI).

NHL: Washington 3, Ottawa 2 (OT)

Washington -- Alexander Ovechkin's goal 4:20 into overtime Monday handed the Washington Capitals a 3-2 triumph over Ottawa.

Ovechkin's game-winner came after he skated down the right side of the ice and faked his way past a defender. He got off a shot that bounced along the ice and found its way through the legs of Senators goalie Pascal Leclaire.

It was the Russian superstar's third goal in two games for the Caps.

Eric Fehr contributed goal and an assist. Alexander Semin chipped in with a goal and Michal Neuvirth stopped 29-of-31 shots to earn the victory for Washington.

Ryan Shannon and Jarkko Ruutu found the net in the Senators' third straight loss to start the season.

MLS: FC Dalas 2, Colorado 2 (tie)

Frisco, Texas -- Jeff Larentowicz's second goal of the game Saturday salvaged a 2-2 tie for Colorado Rapids in a Major League Soccer match with FC Dallas.

Larentowicz gave Colorado the early lead in the 13th minute off an assist from Omar Cummings. Milton Rodriguez scored his fifth goal of the season unassisted in the 27th minute and teammate David Ferreira put Dallas up 2-1 with his eighth goal 10 minutes later with assists from Marvin Chavez and Jair Benitez.

Larentowicz then added his second score -- his fourth this season -- 6 minutes after halftime off a Jamie Smith assist.

MLS: New York 0, Real Salt Lake 0 (tie)

Harrison, N.J. -- Real Salt Lake hit Red Bull New York's goal post twice in the first half Saturday only to settle for a 0-0 tie that extended its unbeaten streak to 12 games.

Andy Williams drilled the right upright in the 9th minute and Robbie Russell smacked the left post 3 minutes later.

The draw left RSL four points back of the Los Angeles Galaxy for the top overall record in Major League Soccer's Western Conference with two games to play.

Real Salt Lake (14-4-10) goalkeeper Nick Rimando made just one save for his league-leading 13th shutout. RSL has lost just once in its last 23 games.

NFL: Dallas 27, Miami 25

Arlington, Texas -- David Buehler kicked a 31-yard field goal on the final play of the game Thursday, giving the Dallas Cowboys a 27-25 pre-season victory over Miami.

Third-string quarterback Stephen McGee, who is not assured a spot on the Dallas roster, played the entire game and completed 27-of-42 passes for 304 yards and a touchdown.

McGee drove Dallas 75 yards in nine plays to set up the winning field goal. He also marched his team 49 yards in eight plays in the final seconds of the first half, giving Buehler a chance to kick a 51-yarder that created a 10-10 tie at intermission.

The Cowboys finished the pre-season at 3-2 and will start their campaign in Washington.