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Business/Economy (Bloggers & Personal)

Brevity: Headers | « Text »
  • Hostess says it has over 100 interested buyers

    11/29/2012 8:18:43 PM PST · by 2ndDivisionVet · 40 replies
    New York - Hostess Brands got final approval for its wind-down plans in bankruptcy court Thursday, setting the stage for its roster of snack cakes to find a second life with new owners - even as 18,000 jobs will be wiped out. The company said in court that it's in talks with 110 potential buyers for its iconic brands, which also include Ding Dongs and Ho Hos. The suitors include at least five national retailers, such as supermarkets, according to a financial adviser for the company. The process has been "so fast and furious," Hostess hasn't been able to make...
  • Obama's Continued Demand for $1.6 Trillion Tax on the Wealthy and His Cross of Debt

    11/29/2012 4:11:44 PM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 11/29/2012 | Anthony B. Sanders
    The time is drawing near for a deal to avoid the fiscal cliff. Here is the White House proposal (courtesy of Zach Goldfarb at the Washington Post). ACCORDING TO REPUBLICAN AIDES. THIS IS A SUMMARY ONLY AND NOT AN OFFICIAL DOCUMENT. White House Proposal November 29, 2012 STAGE ONE: Taxes Immediate increase in both top marginal rates, as well as capital gains and dividends: +$960 Billion Additional taxes: +$600 Billion 2009-level estate tax AMT and business tax extenders: -$236 Billion Payroll tax extension or alternative policy: -$110B Bonus depreciation extension Spending/Extras $50 billion stimulus package in FY13 Mass refi mortgage...
  • (Video) My Ongoing Debate with Pro-Disney Homosexuals

    11/29/2012 3:05:56 PM PST · by publius321 · 13 replies
    My Nov 28th video calling out Disney for causing millions of children and families to view homosexual activity by catching them completely off guard - has caught the attention of some militants who are on an acrimonious campaign against me. This video is my first response to some profane feedback I received: (Video)
  • Is your 401K safe from the Democrats?

    11/29/2012 12:07:28 PM PST · by prplhze2000 · 61 replies
    jackson jambalaya ^ | November 29, 2012 | Kingfish
    Suddenly within 24 hours three articles appeared in the NYT, Atlantic Monthly, and Time discussing a Danish "study" about the tax breaks for the 401K plan. Naturally they all discussed whether the government should abolish the tax break for them. What was it they said about never wasting a crisis?
  • Housing, Employment, GDP and CNBC with Rick Santelli

    11/29/2012 12:06:05 PM PST · by whitedog57 · 1 replies
    Confounded Interest ^ | 11/29/2012 | Anthony B. Sanders
    I was interviewed this morning by CNBC’s Rick Santelli on the FHA. Here is my interview. So little time, so much to discuss. So, if real Personal Consumption Expenditures only rose 1.4%, what drove the 2.7% increase in real GDP? Residential construction and Federal government spending. Real federal government consumption expenditures and gross investment increased 9.5 percent in the third quarter, in contrast to a decrease of 0.2 percent in the second. National defense increased 12.9 percent, in contrast to a decrease of 0.2 percent. But real residential fixed investment increased 14.2 percent, compared with an increase of 8.5 percent....
  • Question on Trade Unions (Vanity)

    11/29/2012 10:23:24 AM PST · by nitzy · 45 replies
    11/29/12 | me
    Me and a hunting buddy were discussing unions the other day and it raised some questions that I would like help with. He is a member of a skilled trade union here in Ohio and said he voted for Obama because Romney was for "Right to Work" and he said that would hurt his paycheck. He said that he is against factory unions, and public sector unions but that skilled trade unions work differently and don't deprive anyone of their rights. He basically describes a skilled trade union hall as an exclusive "club" that only accepts members that have certain...
  • Truth On Fiscal Cliff Negotiations

    11/29/2012 9:29:00 AM PST · by Starman417 · 21 replies
    Flopping Aces ^ | 11-29-12 | James Raider
    We apprehensively advance through this nail biting moment in history as a great Nation floats, uncertain, caught in a holding pattern, hoping its leadership will find wisdom enough to avert the so called Fiscal Cliff, even if most of us don’t fully comprehend what such a cliff entails, or even if such a thing exists. We’re too busy struggling, hanging on to whatever we have, hoping for stability, and hoping that tomorrow brings some relief to our stress.So let’s look for a little insight into what astute and gifted minds are really doing deep in the core of the...
  • Socialist vs Capitalist

    11/29/2012 7:22:06 AM PST · by Reaganite Republican · 11 replies
    Reaganite Republican ^ | 29 November 2012 | Reaganite Republican
    This recalls a brilliant quote by Lady Margaret Thatcher: "People think that at the top there isn't much room. They tend to think of it as an Everest. My message is that there is TONS of room at the top..."
  • (Video) Respecting the Office of the Presidency - Analyzing Beck's "Obama in Pee Pee"

    11/29/2012 5:50:32 AM PST · by publius321 · 31 replies
    The Leftists are angry about Glenn Beck's popular art work titled "Obama in Pee Pee". Suddenly they have revived their platitudes about "respecting the office of the presidency"... (video)
  • The Biggest Economic Story of 2013... [not the fiscal cliff]

    11/29/2012 5:44:14 AM PST · by 1rudeboy · 8 replies
    Coyote Blog (Dispatches from a Small Business) ^ | November 28, 2012 | Warren Meyer
    Sorry, but it is not the fiscal cliff. It is the complete shift in the US labor model, at least in the service sector, due to Obamacare. Here is what I am doing for the rest of the year -- working with every manager in my company so that as of January 1, 2013, none of our employees are working more than 28 hours a week. I think most readers know the reason -- we have got to get our company under 50 full time employees or else I am facing a bill from Obamacare in 2014 that will be...
  • Deny Obama A Participation Trophy (vanity-satire)

    11/28/2012 10:16:38 PM PST · by GeronL · 8 replies
    Associated Posers ^ | 11-30-2012 | geronl
    (Associated Posers) – WASHINGTON DC – The moderate Republicans who look for any excuse, no matter how flimsy to join the Democrats on any issue are “troubled” by the inability of Susan Rice and this administration to offer a reason to forget about Benghazi. This administration does not care to attempt to offer any plausible reasoning for its bald-faced lies to the American people for two weeks after the terrorist strike against the US mission in Benghazi, Egypt. Immediately after the terrorist attack this administration attempted to place the blame on a youtube video for “inflaming” Muslims and said that...
  • Saw this bumper sticker today - RELY!

    11/28/2012 6:52:56 PM PST · by JoeProBono · 75 replies
    (REPRODUCTION - DIDN'T HAVE A CAMERA)
  • (Video) Disney Exposes Children to Lewd Homosexual Activity on Daytime Broadcast TV

    11/28/2012 6:19:38 PM PST · by publius321 · 26 replies
    In a disgraceful breach of fiduciary responsibility to shareholders, Disney Execs allowed their television network to willfully and premeditatedly expose millions of children and families to two men performing homosexual acts with one another. This was in the middle of the afternoon's highly rated college football game coverage on Thanksgiving Weekend. This is a clear example of incompetent executives abusing shareholder assets, undermining the reputation of the brand and the trust that the word Disney used to convey. This was all committed for the selfish desire of advancing their own lascivious agenda...(video)
  • LivingSocial expected to lay off 400 in U.S.

    11/28/2012 2:39:05 PM PST · by 2ndDivisionVet · 9 replies
    The Washington Business Journal ^ | November 28, 2012 | Bill Flook
    LivingSocial Inc. is slated to launch a major round of layoffs Thursday, with as many as 400 job cuts expected across its U.S. workforce, according to sources with knowledge of the daily deal giant’s plans. Those cuts are expected to span a wide range of positions and markets, including in LivingSocial’s home turf of D.C., the sources said. It is not known how many will occur in D.C., where LivingSocial maintains six offices downtown. A LivingSocial spokesman declined to comment. The layoffs raise a host of questions about the future. First and foremost: LivingSocial in July won an up-to $32.5...
  • Drawbridge Inn To Close For Good on Sunday (Fort Mitchell, Kentucky)

    11/28/2012 2:10:22 PM PST · by 2ndDivisionVet · 5 replies
    WKRC-TV ^ | November 28, 2012
    The Fort Mitchell landmark the Drawbridge Hotel and Convention Center is closing for good. Owners announced the closure, which takes effect on Sunday. The Drawbridge has been open on Buttermilk Pike for 42 years and has hosted 4,500 events. Managers say, "The closing of the hotel will allow the new ownership time to clearly focus on future opportunities for the site and weigh the feasibility of remaining in the hospitality industry." The inn was placed under new owners in 2009, and was renovated at that time...
  • American Superconductor Plans to Reduce Workforce by 25%; Slashes Third-Quarter View (Wind turbines)

    11/28/2012 2:02:54 PM PST · by 2ndDivisionVet
    The Wall Street Journal ^ | November 28, 2012 | Tess Stynes
    American Superconductor Corp. (AMSC) unveiled plans to reduce the size of its workforce by 25% as weak demand weighs on the wind-energy sector, leading the turbine-systems maker to reduce its fiscal third-quarter outlook. Shares were down 15% at $2.35 in premarket trading. Through Tuesday's close, the stock is down 25% this year. The company cited financing and cash flow issues among customers, which it anticipates will lead to shipment delays for some of its products. American Superconductor now expects a fiscal third-quarter adjusted per-share loss of 31 cents on revenue of more than $20 million, from its prior estimate for...
  • McGreen Jobs

    11/28/2012 12:48:57 PM PST · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | November 27, 2012 | Malcolm A. Kline
    “Employees at bicycle shops have green jobs,” economist Diana Furchtgott-Roth points out in a Capital Research Center study. “So do workers at antique dealers, at the Salvation Army used clothing recycling centers, and at used record stores, because used items count as recycled goods.” Furchtgott-Roth testified at a congressional hearing in June that examined the definition of “green jobs.” “As a witness at the hearing, I explained that, because the white paper cup placed before me on the table had a ‘Power to Save Energy’ logo, employees who produced it had green jobs,” she recalls. “The product met the BLS...
  • The President is bluffing

    11/28/2012 9:50:22 AM PST · by SeekAndFind · 20 replies
    Keith Hennessey ^ | 11/28/2012 | Keith Hennessey
    I think the President is bluffing on his veto threat. Conventional wisdom: To achieve his desired fiscal policy outcome (big tax rate increases on the rich), the President is willing to risk tax increases on all income tax filers. He is also willing to risk the political blame for middle class Americans paying higher taxes because he thinks he can shift most of the political blame onto Republicans. He is therefore willing to veto a bill he doesn’t like and bear the consequences of having no bill, if that’s what is needed to gain negotiating leverage. His veto threat is...
  • Obama Seeks to Accelerate Access to Health Care -- Now in Uganda

    11/28/2012 3:10:15 AM PST · by Steve Peacock · 3 replies
    U.S. Trade & Aid Monitor ^ | Nov. 28, 2012 | Steve Peacock
    The Obama Administration is continuing its push to expand citizen access to health care--and it now seeks to accomplish that task on behalf of the citizens of Uganda. The U.S. Agency for International Development (USAID) acknowledged this morning that soon it will seek a contractor to run its new Ugandan health program. According to a presolicitation notice released today that U.S. Trade & Aid Monitor located via routine database research, USAID around Dec. 20 will release a Request for Proposals for the endeavor. The stated intermediate goals of the initiative are: 1) Expanded availability of health services by private service...
  • Major players in rare-earth production

    11/27/2012 10:24:03 PM PST · by 2ndDivisionVet · 7 replies
    The San Francisco Chronicle ^ | November 27, 2012
    China China has been involved in rare-earth research and development since its first recovery of the oxides in 1950. Two years later, the General Research Institute for Nonferrous Metals, a major lab in Beijing, was founded. The Baotou Research Institute of Rare Earths in inner Mongolia, the largest rare-earth R&D facility in the world, was established in 1963 under Mao Zedong. This exceptionally long-term outlook resulted in China's leadership in the field. The Bayan Obo iron mine in Baotou Province in inner Mongolia is the center of the nation's rare-earth production. Rare earths have been discovered in 21 of China's...