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Business/Economy (Bloggers & Personal)

Brevity: Headers | « Text »
  • The Reality of Economic Decline Surfaces After Obama's Reelection

    11/15/2012 1:31:29 PM PST · by whitedog57 · 9 replies
    Confounded Interest ^ | 11/15/2012 | Anthony B. Sanders
    Initial jobless claims rose to 439,000, their highest level since May 2011. And no, it isn't due to SuperStorm Sandy. Rather, it was increases in Ohio and Pennsylvania that led the surge. Continuing jobless claims spiked as well, their highest point since March 2012. Meanwhile, the Empire State Manufacturing Survey of General Businesss Conditions improved from -6.16 in October to -5.22 in November. The Philadelphia Fed Business Outlook of General Conditions fell to -10.7 from an October reading of +5.7. Meanwhile, The Dow Jones Industrials continue their post election slide. Oogh!
  • Now Hiring Bachelor’s?

    11/15/2012 12:58:53 PM PST · by eagleye85 · 11 replies
    Eagleye Blog ^ | November 15, 2012 | Bethany Stotts
    As recently reported by USA Today, one third of millennials have earned four-year degrees. In my previous blog entry I discussed the financial perils facing these students, who often graduate unable to find a job in their major (unemployed or underemployed) and saddled heavily with debt. However, it looks like the job market for those with Bachelor’s degrees is creeping upward somewhat, according to a new report issued by Michigan State University (pdf). “The new college labor market inches ahead with a 3 percent gain over last year across all degrees,” it states. “Strong demand for marketing, finance, human resources,...
  • Census: U.S. Poverty Rate Spikes, Nearly 50 Million Americans Affected

    11/15/2012 12:21:38 PM PST · by Academiadotorg · 8 replies
    CBSDC/AP ^ | November 15, 2012
    WASHINGTON (CBSDC/AP) – As President Barack Obama is set to begin his second term, new statistics on America’s poverty rate indicate that nearly 50 million Americans, more than 16 percent of the population, are struggling to survive. New figures released by the Census Bureau this week found a spike in poverty numbers last year, going from 49 million in 2010 to 49.7 million last year. The numbers may come as a surprise to Congress, which estimated in September that the poverty rate would drop to 46.2 million. One of the most startling findings showed that almost 20 percent of American...
  • Psychiatrists Becoming Doctor Joke

    11/15/2012 11:59:32 AM PST · by Academiadotorg · 42 replies
    Accuracy in Academia ^ | November 14, 2012 | Malcolm A. Kline
    There may actually be some good news coming out of academia. “This really is a profession that has run amok,” Robert Whitaker, author of Anatomy of an Epidemic said of psychiatrists in a recent interview with Celeste McGovern which appeared in Citizen magazine. “People are beginning to question its legitimacy and they are beginning to mistrust its values, its diagnoses and its treatments.” McGovern writes that, “Even medical students are avoiding it, he adds, as the average age of psychiatrists is now 57.” Citizen is published by Focus on the Family. McGovern is based in the United Kingdom. “Every day...
  • The FHA is Blowing Up: Bad News for the Housing Market

    11/15/2012 11:18:09 AM PST · by RobertClark · 18 replies
    libertyblitzkrieg.com ^ | 11/15/2012 | Michael Krieger
    A very important article came out from the Wall Street Journal yesterday titled “FHA Nears Need for Taxpayer Funds,” and it outlines the serious financial problems facing the Federal Housing Administration. For those that are unaware or need a refresher, the FHA has been the key element to the phony “housing recovery” the government has been trying to create. In the wake of the collapse of 2008, Fannie Mae and Freddie Mac blew up and what was left to pick up the pieces was the FHA. No private player would issue loans with down payments of 3%, but this was...
  • New Book Highlights Dangers of Government Employee Unions (Good article on unions)

    11/15/2012 11:17:14 AM PST · by jazusamo · 6 replies
    National Legal & Policy Center ^ | November 15, 2012 | Carl Horowitz
    "The unbridled growth of crony unionism and government corruption will destroy the United States as we know it." This statement may strike many as sheer hyperbole. But its author, Mallory Factor, a political scientist at The Citadel, knows whereof he writes. His new book, "Shadowbosses: Government Unions Control America and Rob Taxpayers Blind" (New York: Center Street), makes a credible case, and a well-sourced one, that our country may be in the early stages of a ruinous dystopia, courtesy of public-sector unions. In pursuing their interests, argues the author, these labor organizations hold taxpaying citizens hostage to unsustainable wage/salary, pension,...
  • Samsung Begins Production of 64GB eMMC Storage Solutions Using 10nm-Class Process Technology.

    11/15/2012 9:33:26 AM PST · by Ernest_at_the_Beach · 7 replies
    Xbitlabs ^ | 11/14/2012 10:52 PM | Anton Shilov
    Samsung Introduces 10nm 64GB eMMC Memory Storage Solution for Slim Smartphones and TabletsSamsung Electronics said this week that its new 64Gb eMMC NAND flash memory storage chip for smartphones and tablets memory went into production late last month using 10nm-class process technology.Samsung is applying eight 64Gb high-performance NAND memory layers produced using its 10nm-class technology to the new 64GB eMMC Pro class 2000 memory solution. The new embedded memory solution exceeds the performance levels of the conventional 64GB eMMC Pro class 1500 based on an eMMC 4.5 interface by 30%. The 64GB eMMC Pro class 2000 measures 11.5mm by 13mm,...
  • Did you travel to Alaska since August 2008?

    11/15/2012 7:30:56 AM PST · by Josh Painter · 14 replies
    Survey Monkey ^ | November 13. 2012 | Ron Devito
    Did you travel to Alaska since August 2008? Please tell us about your trip(s) and Sarah Palin's influence on them This unscientific survey is one tool to help determine the impact of Sarah Palin and her policies on Alaska tourism through the use of anecdotal evidence. The survey consists of 10 questions. No personal or contact information is requested on this survey.
  • Obama Donor's Corporation Lays Off Employees Due to ObamaCare

    11/14/2012 10:37:56 PM PST · by 2ndDivisionVet · 13 replies
    Breitbart's Big Government ^ | November 13, 2012 | Dr. Susan Berry
    Stryker Corporation has announced that it will close its facility in Orchard Park, New York, eliminating 96 jobs next month. It will also counter the medical device tax in Obamacare by eliminating 5% of their global workforce, an estimated 1,170 positions. Jon Stryker is heir to the Stryker Corporation, one of the largest medical device and equipment manufacturers in the world. Stryker’s grandfather was the surgeon who invented the mobile hospital bed. The company now sells $8.3 billion worth of hospital beds, artificial joints, medical cameras, and medical software every year. Stryker, a member of the Forbes 400 list, was...
  • Update: Wake Forest Baptist Medical Center to cut 950 jobs

    11/14/2012 4:09:32 PM PST · by 2ndDivisionVet · 10 replies
    WINSTON-SALEM — Wake Forest Baptist Medical Center will lay off 76 employees this week and cut a total of 950 jobs by the end of next June, the center's chief executive said today. Dr. John McConnell said most of the cuts are administrative positions, but some faculty members could lose their jobs due to cuts in federal research funding. He also said 2012-13 revenue is being affected by "deep cuts in Medicare and Medicaid payments, which constitute nearly half of our health-care reimbursements."(continued)
  • Texas Instruments to lay off 1,700

    11/14/2012 4:00:19 PM PST · by 2ndDivisionVet · 3 replies
    CNN Money ^ | November 14, 2012 | David Goldman
    Chipmaker Texas Instruments said Wednesday that it will lay off 1,700 workers in an effort to shift focus away from its struggling mobile business. The job cuts represent about 5% of TI's staff, and they are part of a previously announced restructuring initiative aimed at cutting costs and increasing its presence in the burgeoning embedded device market. Shares of Texas Instruments rose about 1% in afterhours trading. The Dallas-based company had made some headway in the smartphone market a few years ago. But recently the biggest mobile phone makers, including Samsung and Apple have opted to design their own chips...
  • Microsoft has failed

    11/14/2012 11:54:11 AM PST · by Renfield · 18 replies
    Semiaccurate.com ^ | 11-14-2012 | Charlie Demerjian
    <p>Microsoft is in deep trouble, their two main product lines are failing, and the blame game is intensifying. Steve Sinofsky gets the blame this time for the failure of Windows 8, but the real problem is the patterns that are so clearly illustrated by these actions.</p>
  • The Coming Financial Disaster

    11/14/2012 11:51:04 AM PST · by Starman417 · 4 replies
    Flopping Aces ^ | 11-14-12 | johngalt
    We, the people of the US, are heading for a disaster of epic proportions. And when it hits, due to the US influence abroad, the world will feel the hurt at the same magnitude. Why? Fiat currency, that’s why. Combined with rapidly increasing national debt, and interest rates kept artificially low, with massive infusions of "cash" into the market place, the foundation holding up the confidence in the US dollar is starting to crumble. Given more credit ratings downgrades by the various international credit foundations and agencies, the point of irreversible damage is quickly approaching. When that happens, hyper-inflation will...
  • Louis Peters: The Cadillac Dealer Who Busted Mob Boss Joe Bonanno

    11/14/2012 11:27:23 AM PST · by AtlasStalled · 1 replies
    Friends of Ours ^ | 11/14/12 | Friends of Ours
    Old school mobsters liked their Cadillacs, and boss Joseph Bonnano Sr. liked them so much that in 1977 he offered to buy out a Caddy dealership owned by Lou Peters in Lodi, CA as reported by the FBI. Peters went to the FBI, and the G-men put a wire on him. Peters recorded Bonanno instructing him to destroy any records linking the pair, and Bonanno subsequently "was found guilty of obstructing justice and sentenced to five years in prison -- the first felony conviction in the mob boss' long life of crime." Peters was a former Marine who told the...
  • Papa John’s — From anti-Rush lefty hero to anti-Obamacare lefty zero

    11/14/2012 11:18:34 AM PST · by GSWarrior · 10 replies
    legalinsurrection.com ^ | 11/14/12 | Bryan Jacoutot
    It has been one week since the reelection of Barack Obama and the reality of Obamacare’s permanence in the American landscape is beginning to set in for many business owners. Papa John’s founder and CEO, John Schnatter made headlines last week along with a slew of other companies when he announced some changes that would likely occur as Obamacare continues to be implemented. Schnatter commented that many of his company’s franchise owners will have to cut employees’ hours in order to avoid falling under Obamacare’s coverage requirements, and stay fiscally sound. “That’s probably what’s going to happen,” he said according...
  • Papa John’s — From anti-Rush lefty hero to anti-Obamacare lefty zero

    11/14/2012 11:18:34 AM PST · by GSWarrior
    legalinsurrection.com ^ | 11/14/12 | Bryan Jacoutot
    It has been one week since the reelection of Barack Obama and the reality of Obamacare’s permanence in the American landscape is beginning to set in for many business owners. Papa John’s founder and CEO, John Schnatter made headlines last week along with a slew of other companies when he announced some changes that would likely occur as Obamacare continues to be implemented. Schnatter commented that many of his company’s franchise owners will have to cut employees’ hours in order to avoid falling under Obamacare’s coverage requirements, and stay fiscally sound. “That’s probably what’s going to happen,” he said according...
  • AMD Hires JP Morgan Chase to Explore Options of Company’s Future.

    11/14/2012 10:44:56 AM PST · by Ernest_at_the_Beach · 7 replies
    Xbitlabs ^ | [11/13/2012 09:57 PM] | Anton Shilov
    AMD’s Management Considers Sale of Company, Patent Portfolio Advanced Micro Devices has hired JP Morgan Chase to investigate future strategic options for the company, which has been losing money, market share and talents for many years in a row. AMD officially denied that the plan is to sell the company or to merge with a bigger partner.The options that AMD asked JP Morgan Chase to explore include sale of the whole company as well as a sale of its portfolio of patents, reports Reuters news-agency citing three sources with knowledge of the matter. It is claimed that the primary...
  • Microsoft has failed - Their actions erase any lingering doubt

    11/14/2012 9:22:49 AM PST · by Ernest_at_the_Beach · 71 replies
    Semiaccurate ^ | Nov 14, 2012 | Charlie Demerjian
    Microsoft is largely irrelevant to computing of late, the only markets they still play in are evaporating with stunning rapidity. Their long history of circling the wagons tighter and tighter works decently as long as there is not a credible alternative, and that strategy has been the entirety of the Microsoft playbook for so long that there is nothing else now. It works, and as the walls grow higher, customer enmity builds while the value of an alternative grows. This cycle repeats as long as there is no alternative. If there is, everything unravels with frightening rapidity.A company that plays...
  • Petraeus displays symptoms of Sudden Suicide Syndrome

    11/14/2012 8:12:35 AM PST · by publius321 · 19 replies
    I don't want to be insensitive but depending on what he is willing to share with nothing left to lose - talking about his potential vulnerability to becoming a victim of sudden suicide could help inoculate him....
  • Pierce Manufacturing begins its Bradenton layoffs

    11/14/2012 2:38:20 AM PST · by 2ndDivisionVet · 7 replies
    The Bradenton Herald ^ | November 14, 2012 | Josh Salman
    BRADENTON -- Workers targeted in the area's largest single round of layoffs in more than a decade have begun this month to hit the unemployment rolls. The first wave of job cuts in what will eventually grow to 325 are now underway at Pierce Manufacturing in Bradenton, an Oshkosh subsidiary that earlier this year announced plans to discontinue its ambulance line just 18 months after the operation was moved to Florida. The maker of emergency response vehicles has let go some of its contracted workers in a process that will continue through early next year with many full-time laborers when...