Crave

(Credit: Dong Ngo/CNET)

If you are a college student, you should know you now have a much higher chance of ending up with student loans, than if you graduated 15 years ago. And even if you are one of the lucky few who don't, every American is carrying a burden of about $184,000 in government debt and unfunded obligations.

In short, it's important to learn how to be financially responsible. This is the message that mtvU, MTV's 24-hour college network, wants you get via an online flash game called "DebtSki". The game is is part of mtvU's and the Peter G. Peterson Foundation's Indebted campaign, an ongoing effort to encourage students to help stop the fiscal crisis in the United States.

It's a very simple Mario-like kind of game, where you maneuver the game character Piggy Banks through a series of obstacles, while trying to collect coins and then making decisions to spend those coins on items.

There are things you need to collect to win the game; other items are discretionary, which could bring you happiness but could potentially put you in debt. You are challenged to create a balance among happiness, debt, and responsibilities.

(Credit: BlackBerry Partner's Fund)

So you have a great idea for a BlackBerry application, but like the rest of us in the poor old U. S. of A., you have no money to develop it.

Enter the Jump Start Financing Initiative, which provides entrepreneurs with capital infusions of up to $250,000. The initiative is designed to bring new and innovative ideas into the development process faster, allowing entrepreneurs to focus on building smartphone applications instead of raising capital.

Announced Monday, the initiative is funded by the BlackBerry Partners Fund, a $150 million venture capital fund formed to focus on applications and services for the BlackBerry and other mobile platforms.

Interested entrepreneurs should go here.

(Credit: CNET Networks)

The world of finance is sober, serious business, ever more so in a struggling through economy. Bloomberg's freeware application for the iPhone and iPod Touch gives information-seekers a clear view of the moment with financial headlines, a ticker finder, and a fleshed-out index of world markets.

An appealing dark-themed application, Bloomberg contains a read-only newsfeed and statistics on various exchanges in global markets. Highs, lows, and a graph of yearlong performance are displayed for each exchange--further charts and tables are available for industry and stock movers.

To discover individual stock performance, users simply enter the company name into the stock finder, which also keeps a short-term history of your past queries. Even better, entering stocks and your share holdings into the My Stocks folder creates a personalized portfolio you can watch for daily fluctuation.

Blockbuster sure sounds like it wants to buy Circuit City, but is it able to?

The financial advisers to Circuit City told company officials Wednesday that they think Blockbuster, which has offered $1 billion for the consumer electronics retailer, doesn't have the proper financing to make good on its bid, according to a Reuters report.

In a statement, the company said, "Circuit City awaits a viable financing structure that is predictably executable by Blockbuster given its current constraints of size and capital structure before it would be appropriate to allow further due diligence."

Blockbuster's CEO said earlier this week that his company would proceed with its takeover effort only if conditions are right and that it is loath to go through with a hostile bid. Circuit City has essentially stonewalled Blockbuster since the initial bid was made in February, not allowing easy access to its books.

Also Wednesday, a Circuit City investor who owns 6.5 percent of the company's stock sent a letter to Circuit City urging the company to open its books to its suitor and begin negotiations. The retailer responded quickly to Wattles Capital Management, issuing a statement reiterating its position that Blockbuster hasn't answered its questions regarding how it plans to finance a deal.

Chumby Industries, manufacturer of the eponymous huggable touch-screen Wi-Fi widget gadget, announced Monday that it has raised $12.5 million in Series B venture funding. The lead investor in the round was JK&B Capital, but existing investors Avalon Ventures, Masthead Venture Partners, and O'Reilly AlphaTech Ventures also contributed.

A friendly-looking device that you configure online, the Chumby cycles through a rotation of custom widgets from weather to Google Calendar to cult-hit shopping site Woot.com. Many of these come from the Chumby Network, a platform of user- and partner-created applications that can be added to the little gadgets.

(Credit: Rafe Needleman/CNET Networks)

It's also, aside from the touch screen, soft and squishy.

Formally, the new Chumby cash will be used to "accelerate growth of the company, and expand and broaden the Chumby Network to other screen-based Internet connected devices." Does that mean they'll make a Chumby kitten or a Chumby penguin?

"We are pleased to receive this financing, which will enable us to execute our vision and grow distribution of the Chumby Network," Stephen Tomlin, founder and CEO of Chumby Industries, said in a statement. "As the next step of our strategy, we will focus on establishing relationships to broaden distribution to other screen-based devices such as digital photo frames and LCD TVs."

Oh. So much for the touch-screen penguins.

Money is boring, unless you're spending it on something like an iPhone or a cute new pair of shoes.

Or unless you make investment cool, which is what a new company called Thrasher Funds is trying to do. It's a new mutual fund that's targeting the under-35 crowd with a bunch of youth-oriented and tech-focused holdings (Apple, Uniqlo, Diageo, American Apparel, Volkswagen, Google, and Garmin), "investment parties," and a Web site that looks like a Good Charlotte album cover.

"Commercials from financial behemoths only implore Baby Boomers to start planning and saving for their retirements, and/or their children's college tuition," a company description explains. "That's fine if you're over 40 with children. But what if you're not? What if you're a child of the 70's, 80's or 90's? What should you be planning for?"

Yeah, it's different. New York magazine's Web site called Thrasher Funds "despicable [and] brilliant, and its young writers attested that "we already have an extreme case of generational embarrassment, one that may or may not be manifesting itself in a full-body rash right now. But then again, that's how we felt about Garden State!"

Thrasher Funds isn't a technology company, really. But they're targeting the social-networking generation, which means that yes, the company has a MySpace page. And they've set up shop in the Silicon Alley boardinghouse known as Sunshine Suites, meaning that they're getting plenty of cooties from local Web 2.0 start-ups also using the space.

They're additionally getting a boost from the city-focused women's newsletter Daily Candy, which not only has proudly touted Thrasher as the first-ever investment company to advertise on the e-mail list but also hosted the finance start-up's launch party last week at the Caravan clothing boutique in Manhattan's NoHo neighborhood. The sparkling rose wine was flowing, the company founders were chatting it up with guests, and everything in the store was priced at 20 percent off. (Now that's what I call a party!)

At this point, it looks like all Thrasher really needs is a celebrity executive, you know, like DanceJam's M.C. Hammer or Ooma's Ashton Kutcher.

Thrasher Funds' Web site, which looks like it took a cue from Good Charlotte.

(Credit: Thrasher Funds)

That said, the company also has to prove itself to some extent before young people (even the ones eager to jump on the trendiness bandwagon) are willing to commit actual cash to it. Word-of-mouth testimonials, when they exist, are going to mean a heck of a lot more than a savvy ad campaign. This is the generation that's reportedly afraid to tackle health insurance head-on; mutual funds still are going to look kind of scary to some, no matter how much hot pink is on the Web site.

John Shepherd-Barron, father of the automated teller machine

(Credit: BBC)

Forty years ago this week, life changed. There's been plenty of hoopla over the 40th anniversary of the "Summer of Love" and the Beatles appearing on American TV, but this event even affects life on Antarctica: the birth of the ATM. Yes, there's an ATM for researchers down at McMurdo Sound.

Before the first ATM was installed by Barclay's Bank near London in 1967, there was a lot of standing in line and writing of checks, though there were probably a lot fewer $20 bills in the United States back then.

More than $25 billion will be withdrawn from bank accounts around the world today from 1.5 million of the ubiquitous dispensers. In keeping with our status as the most indebted nation in history, we Americans have more than a quarter of the world's ATMs.

Despite some security threats and occasional hacks, there seems to be no worry that ATMs will continue to be the teller of choice for most consumers. And for the record, when you're visiting its birthplace, the United Kingdom, don't ask for the nearest ATM. They're called "cash machines."