Colin Campbell of the Clayton News-Star and News & Observer reports that the Johnston school board has approved new policies regulating student and teacher use of social media. The board wants principals to be able to crack down on bullying and other harassment.

Campbell reports that principals could discipline students for posted comments as if the student had made the comment at school. Also, teachers can't use social media to communicate with students, parents or co-workers. So a teacher cannot "friend" a student on Facebook. It will be interesting to see if other school systems follow Johnston's lead. --John Drescher

Update: The company has removed the coupon from its Facebook page. But you may want to keep a look out for it to reappear later this summer. Companies frequently reissue these offers.

Just in time for Memorial Day weekend picnics, Bush's has released a rare high-value coupon on its Grillin' Beans.

Combine the $1.50/1 coupon with the sales at Harris Teeter or Food Lion and you'll walk out paying just 17 cents for a can. And remember, you can print two of these coupons.

Looking for some extremely cheap entertainment for the weekend?

How about a free movie rental and some home-popped popcorn.

Head over to the Blockbuster Express Facebook page and get a promo code for a free $1 rental.

If the movie you choose is more than a buck, you'll get $1 off so still incredibly cheap.

What's on your list of movies to watch?

(I just got my code and it's good through May 10.)

In recognition of Take Our Daughters and Sons to Work Day this Thursday, Olive Garden is offering kids a chance to eat free with mom or dad after a hard day on the job.

How about a free pizza for dinner?

Domino's Pizza is giving away thousands of its artisan-style pies this week.

If you weren't able to snare one of Monday's 25,000 given away, you can try again today through Thursday.

Quaker is giving away free sample boxes of its Oatmeal Squares Honey Nut cereal.

Click here to get your free sample.

Looking for a way to do Valentine's Day on the cheap?

Redbox wants to help you woo your Valentine with a FREE movie rental.

Head over here to the Redbox Facebook page and send your sweetie a love note with a code for a free standard movie rental. The code is good all day Tuesday, Feb. 14.

Have more than one Valentine? Send as many as like to all your friends and loved ones who are on Facebook.

In honor of its 29th birthday, Bruegger's is giving its customers FREE bagels today.

Every customer who shows up today, Feb. 9, with a coupon will get three free bagels.

The coupon appeared in The N&O's Jan. 29 Red Plum coupon insert. But no worries if you didn't happen to clip it.

You can also print one here on the Bruegger's Facebook page.

The bagel giveaway lasts until 2 p.m.

Want more free bagels? Sign up here for Bruegger's "Fresh News" email club. You'll get a coupon for a free bagel with cream cheese just for signing up.

I read through Facebook's S-1, the voluminous document that it filed yesterday in preparation for its initial public offering.  Erskine Bowles, former White House chief of staff and former UNC system president, is on Facebook's board.  According to the S-1, Bowles is chairman of  Facebook's audit committee, which is the group responsible for making sure all the company's numbers are on the up and up. This is a particularly important role for new companies that are trying to convince the investing community that its revenues and profits are real, as opposed to Enron-like.

For his service on the board, Bowles has received 20,000 "restricted stock units," or RSUs. Facebook estimates the value of those at around $600,000. But he has to stay on the board for several years before they completely vest. Frankly, that's chump change to Bowles. Being on the board of the world's hottest company is probably something he'd do for nothing.

And frankly, a couple of guys on the board who you might recognize have much sweeter deals, such as Mark Andreessen, who has 5.2 million RSUs, and Don Graham, who has a million RSUs. Andreessen, who also has a bunch of Class B stock, according to the S-1, is the fellow who helped make Netscape the dominant internet browser in the early '90s. And Graham is the chairman of the board of the Washington Post.

Of course RSUs only pay off if Facebook continues to prosper. Andreessen knows from watching Microsoft's Explorer overtake Netscape 15 years ago how an Internet business can get demolished by a competitor with deep pockets.

The question I have is whether Erskine would rather spend the second half of his 60s hanging out with Mark Zuckerberg or being governor of North Carolina.

UPDATE: A reader also reminded me that Bowles is on the board of Morgan Stanley, the investment bank that is the lead underwriter on the IPO. The S-1 notes that Bowles began his career in corporate finance at Morgan Stanley. It is such a small world.

UPDATE #2: Question answered. Bowles just announced he's not running.

Starting this week, you can say goodbye to coupons and promotional blitzes at J.C.Penney.

As of Wednesday, Feb. 1, the department store chain has announced it's doing away with its endless barrage of sales and gimmicks in favor of lower prices across the board.

Interestingly, the chain is using social media and text messaging to promote the revamped strategy, even going so far as to poke fun at its former self:

"ON 2.1.12 THE MADNESS ENDS," its Facebook page declares.

The new strategy, which the company is calling "Fair and Square" pricing, comes after an apparently lackluster holiday season.

What does all this mean for you, the consumer, the next time you wander into a J.C. Penney during a shopping trip to the mall?

Starting Wednesday, shoppers will see: