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Business/Economy (Bloggers & Personal)

Brevity: Headers | « Text »
  • It's a Bear Market: FANG Stocks Plunging & Facebook Investors Lost 39 % Of Their Wealth

    11/20/2018 5:24:41 PM PST · by The Olive · 22 replies
    The Olive Branch Report ^ | 11/20/2018 | Michael Snyder
    These large stock market declines are starting to become a regular thing, and tech stocks are getting hit particularly hard. But we have been in a bull market for such a long time that many investors are having a difficult time comprehending what is happening. Many just keep believing that their beloved tech stocks will eventually bounce back because they just can’t accept the fact that the party is over. At this point, all of the “FANG stocks” have officially entered bear market territory. Facebook is down 39.5 percent from their 52 week high, Amazon is down 25.4 percent, Netflix...
  • Iran: U.S. Has Failed To Stop Oil Exports

    11/20/2018 9:24:55 AM PST · by bananaman22 · 14 replies
    Oilprice.com ^ | 11-19-2018 | Tim
    Iran’s president Hassan Rouhani said on Monday that the country will continue to export oil despite fresh U.S. sanctions, which he described as “psychological war doomed to failure.” “We will not yield to this pressure which is part of the psychological war launched against Iran,” he said on state TV. “They have failed to stop our oil exports. We will keep exporting it ... Your regional policies have failed and you blame Iran for that failure from Afghanistan to Yemen and Syria,” he added, to chants of “Death to America!”. Rouhani also said that the U.S. lacked international support for...
  • New Kansas Gov Ready to Abuse Authority [semi-satire]

    11/20/2018 9:04:11 AM PST · by John Semmens · 2 replies
    Semi-News/Semi-Satire ^ | 18 Nov 2018 | John Semmens
    Under the mistaken notion that she has been elected dictator, Gov-Elect Laura Kelly (D) has announced her intention to “stick it to the social conservatives who opposed my election.” Items high on her agenda for her first days as Governor include ignoring a newly passed state law that bans state officials from harassing faith-based adoption agencies. Under the law these private organizations would be permitted to pursue placing orphans with married opposite sex parents. “In my view, orphans ought to be placed in a non-discriminatory fashion,” Kelly maintained. “No private adoption agency has a right to deviate from a random...
  • Surviving The Woke Workplace

    11/20/2018 6:12:38 AM PST · by C19fan · 57 replies
    American Conservative ^ | November 19, 2018 | Rod Dreher
    A reader sent me the following e-mail, which I have edited a bit to protect her privacy, and the privacy of others mentioned here: I wanted to bring this to your attention. My husband had a conversation with a young friend of ours who is a recent college grad. He has been working at [a major retailer] for the last year. I’m not sure what his title is, but we have encountered him at the store. He is a great worker and has earned a number of company awards for his performance. He related to my husband that he had...
  • How A Mysterious Tech Billionaire Created Two Fortunes—And A Global Software Sweatshop

    11/19/2018 10:13:59 PM PST · by 2ndDivisionVet · 24 replies
    Forbes ^ | November 19, 2018 | Nathan Vardi
    From an office suite on the 26th floor of the iconic Frost Bank Tower in Austin, Texas, a little-known recruiting firm called Crossover is searching the globe for software engineers. Crossover is looking for anyone who can commit to a 40- or 50-hour workweek, but it has no interest in full-time employees. It wants contract workers who are willing to toil from their homes or even in local cafes. “The best people in the world aren’t in your Zip code,” says Andy Tryba, chief executive of Crossover, in a promotional YouTube video. Which, Tryba emphasizes, also means you don’t have...
  • Mississippi Factory Moves, Investing $9.5M and Hiring 250

    11/19/2018 5:38:58 PM PST · by 2ndDivisionVet · 8 replies
    US News & World Report ^ | August 24, 2018 | The Associated Press
    FLOWERS, Miss. (AP) — A commercial kitchen equipment company will relocate a factory in Mississippi, investing $9.5 million and creating 250 jobs. Unified Brands, a unit of Dover Corp. of Downers Grove, Illinois, made the announcement Friday. The company says it will rent an industrial park building near Vicksburg, relocating 175 employees now in Byram and increasing total employment to 425. It will make refrigerated preparation tables, steam kettles, steamers and commercial dishwashing sinks there....
  • Chipotle manager fired for refusing to serve a group of black customers may be rehired

    11/19/2018 4:48:14 PM PST · by 2ndDivisionVet · 27 replies
    AOL News ^ | November 19, 2018 | Lauren Holter, Yahoo! News
    A Chipotle manager was fired from a Saint Paul, Minnesota branch after a video of her refusing to serve black customers went viral. But social media users pointed to old tweets from the man who posted the video that suggested he had a history of dining and dashing. In the video, posted to Twitter last week, the white manager is seen laughing and telling the group of men, “You gotta pay cause you never have money when you come in here.” As one of the men is filming, a white customer was allegedly given their meal for free, according to...
  • Outlook For Global Economy Has Deteriorated: The Next Economic Downturn Is Here

    11/19/2018 4:30:31 PM PST · by The Olive · 44 replies
    The Olive Branch Report ^ | 11/19/2018 | Michael Snyder
    Oil, copper and lumber are all telling us the exact same thing, and it isn’t good news for the global economy. When economic activity is booming, demand for commodities such as oil, copper and lumber goes up and that generally causes prices to rise. But when economic activity is slowing down, demand for such commodities falls and that generally causes prices to decline. In recent weeks, we have witnessed a decline in commodity prices unlike anything that we have witnessed in years, and many are concerned that this is a very clear indication that hard times are ahead for the...
  • Dem Demands 100% Renewable Energy by 2030 [semi-satire]

    11/19/2018 9:17:26 AM PST · by John Semmens · 7 replies
    Semi-News/Semi-Satire ^ | 18 Nov 2018 | John Semmens
    Impatient to make her mark on US policy, newly elected Congresswoman Alexandria Ocasio-Cortez (D-NY) is demanding a Party commitment to 100% renewable energy by 2030 as the “price” for her support of Rep. Nancy Pelosi (D-Calif) as House Speaker. Apprised that 100% renewable energy would likely price most consumers out of the market, Ocasio-Cortez trotted out her personal catchphrase of “just pay for it” in response. “The government can print as much money as is needed. There’s no reason why cost should any longer be a barrier to the implementation of the policies and programs required to create the workers’...
  • Saturn Petcare could start production in June 2020 (200 jobs at $18.60/hr. in Indiana)

    11/18/2018 11:09:15 PM PST · by 2ndDivisionVet · 4 replies
    The Zionsville Times Sentinel ^ | November 13, 2018 | Howard Greninger
    Saturn Petcare, pending approval of its bid Tuesday before the Vigo County Redevelopment Commission, is slated to begin production of wet dog food in the first quarter of 2020 in the former Pfizer facility at the Vigo County Industrial Park, south of Terre Haute. The company bid on 127 acres in the industrial park, of which the average of two appraisals is $6,183,500. However, as part of an agreement with the Terre Haute Economic Development Corp., the company bid $1 for the land, in exchange for investing $39 million in the former Pfizer facility at the industrial park and creating...
  • "It's super-exciting to be a quant in 2018-2019. Everyone is hiring"

    11/18/2018 3:34:19 PM PST · by 2ndDivisionVet · 12 replies
    eFinancial Careers ^ | November 12, 2018 | Sarah Butcher
    If, in late 2018, you are contemplating going into quantitative finance, then keep contemplating. Panelists at the recent Quant Conference in London say you’re unquestionably on the right track. “It's super-exciting to be a quant in 2018-2019,” said one panelist (a hedge fund researcher who formerly worked for a large U.S. bank). “Everyone is hiring.” Quants’ enthusiasm for being quants might be dismissed as self-love. Except, they're not the only ones in the zone. Goldman Sachs has proclaimed its pursuit of strats (its own personal brand of quant technologists), while at another conference the week before, the head of recruitment...
  • Stop Complaining About Your Rent and Move to Tulsa, Suggests Tulsa (Free stipend & rent!)

    11/18/2018 2:37:32 PM PST · by 2ndDivisionVet · 33 replies
    Citylab ^ | November 16, 2018 | Sarah Holder
    In an effort to beef up the city’s tech workforce, the George Kaiser Family Foundation is offering $10,000, free rent, and other perks to remote workers who move to Tulsa for a year. “I’m a California, New York guy,” Michael Basch tells me. “I figured I’d be really bored here.” “Here” is Tulsa, the second-largest city in Oklahoma, known for its new $465 million public park, the Gathering Place, and its annual Chili Bowl. Since moving there earlier this year, Basch says that he hasn’t been bored at all. The city may be 1,640 miles and a world away from...
  • Employers are so desperate for workers they're making job offers after a single phone call

    11/17/2018 2:14:50 PM PST · by 2ndDivisionVet · 55 replies
    Business Insider ^ | November 16, 2018 | Katie Warren
    In a tight job market, some employers are making job offers after a single phone interview, The Wall Street Journal reported. The tactic is one of many ways companies are trying to attract workers amid a nationwide labor shortage. Some employees who were offered jobs after one phone call wondered if it was a red flag or a scam. Up against a tight job market, some employers are making job offers after a single phone interview, The Wall Street Journal reported. This strategy is being seen mainly for seasonal jobs at retail companies such as Macy's and Bath & Body...
  • News Summary-Intelligence Report Saturday 11/17/2018 Newsdump Edition

    11/17/2018 5:32:10 AM PST · by Nextrush · 6 replies
    Nextrush Free ^ | 11/17/2018 | Nextrush/Self
    President Trump will be in fire ravaged California today. At least 71 are dead as a result of the "Camp Fire" with more than 1-thousand missing...... The Central Intelligence Agency believes that Saudi Arabia's Crown Prince Mohammed Bin Salman ordered the murder of Saudi journalist Jamal Khashoggi in Istanbul on October 2nd....... The government of Yemen and Houthi rebels are set to atttend negotiationa aimed at ending the three-year civil war.... In France today one protester was killed when protesters gathered at some 2,000 locations in opposition to RISING GASOLINE PRICES..... The name of Wikileaks founder Julian Assange has been...
  • WI business owner gives employees a very interesting Christmas gift: handguns

    11/16/2018 11:22:09 AM PST · by Diana in Wisconsin · 19 replies
    The Blaze TV ^ | November 14, 2018 | Sarah Taylor
    A glassware manufacturer in Hortonville, Wisconsin, gifted employees handguns for Christmas this year. Ben Wolfgram, who co-owns BenShot — a company that produces glassware embedded with bullets — opted to gift his employees handguns in an attempt at team building and for personal safety. The Appleton Post-Crescent reported Wolfgram’s business has 16 full-time employees — some of whom are U.S. military veterans. Wolfgram told the outlet that most of his employees were gratified by the prospect of a handgun, and only two initially declined the gift. They appeared to reconsider, however, after taking a gun safety course on the company’s...
  • Amazon’s missed opportunity: Failing to put part of HQ2 in a red state

    11/16/2018 1:09:34 AM PST · by 2ndDivisionVet · 52 replies
    The Dallas Morning News ^ | November 15, 2018 | Mitchell Schnurman, Business columnist
    Amazon has been an aggressive advocate for diversity. That includes providing strong support for immigrants, minorities, the LGBTQ community, people with disabilities, the military, women engineers and more. When the company was searching for a second headquarters, it made diversity a key issue. To achieve long-term success, Amazon said last year, the winning city must have a diverse population and a community that supports it. Does that also mean diversity in politics, geography and even home prices? Apparently not, because Amazon chose two locales — New York City and Washington — that have a lot in common with its hometown...
  • Logistics-Focused Company Adding 100+ New Jobs (Indiana)

    11/16/2018 12:26:54 AM PST · by 2ndDivisionVet · 5 replies
    Building Indiana ^ | November 12, 2018 | Press Release
    FreightRover, a provider of supply chain management and payment solutions technology for the logistics and transportation industry, announced plans to scale up its operations in Indiana, creating up to 120 new, high-wage jobs by 2020. The company has already hired 30 new employees toward its goal since planning its job growth in 2017. “With a strong logistics industry and thriving tech sector, Indiana offers companies like FreightRover the perfect location to scale up their operations and provide good career opportunities for Hoosiers,” Governor Eric J. Holcomb said. “As a state, we’re committed to supporting logistics-minded firms like FreightRover by investing...
  • Infosys to open tech hub in Texas, hire 500 American workers

    11/15/2018 11:09:48 PM PST · by 2ndDivisionVet · 13 replies
    The Times of India ^ | November 14, 2018 | The Press Trust of India
    Highlights • Last year, Infosys had announced setting up of four such hubs and hiring about 10,000 locals in the US by 2019 • Infosys has hired over 6,200 American workers since May 2017...
  • Wanted at Chinese Start-Ups: Attractive Women to Ease Coders’ Stress

    11/15/2018 10:47:42 PM PST · by 2ndDivisionVet · 34 replies
    The New York Times ^ | April 24, 2018 | Sui-Lee Wee
    BEIJING — China’s vibrant technology scene is searching for people like Shen Yue. Qualifications: Must be attractive, know how to charm socially awkward programmers and give relaxing massages. Ms. Shen is a “programmer motivator,” as they are known in China. Part psychologist, part cheerleader, the women are hired to chat up and calm stressed-out coders. The jobs are proliferating in a society that largely adheres to gender stereotypes and believes that male programmers are “zhai,” or nerds who have no social lives. “They really need someone to talk to them from time to time and to organize activities for them...
  • Private equity hiring never been hotter, VPs receiving up to 4 job offers a week & bonuses soaring

    11/15/2018 6:23:37 PM PST · by 2ndDivisionVet · 3 replies
    Business Insider ^ | November 15, 2018 | Meghan Morris
    It's never been a better job market for private equity professionals, with the sector seeing the most active hiring market ever, according to a new report. In a survey of 630 North American investment professionals released Tuesday, recruiting firm Heidrick & Struggles found that more than half of respondents saw an increase in base salary this year compared with 2017. More than three-quarters of that group saw their base salary increase up to 20%. Managing partners saw the biggest increase, with base compensation up 13.6%, to $768,000. Bonuses are rising, too: 77% of those surveyed said their bonus increased from...