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Latest Articles: Business
Small-dollar donors flock to Trump, help power his campaign
Post Date: 2015-10-18 18:07:15 by Justified
1 Comments
WASHINGTON (AP) — Donald Trump likes to boast about his enormous wealth and how he doesn't need anyone else's money to pay for his presidential campaign. That hasn't stopped tens of thousands of people from chipping in with checks as small as $10 to let the Republican candidate know they're behind him. Trump has taken in 73,942 contributions, a total that surpasses several of GOP rivals, despite the billionaire businessman's early pledge to finance his own campaign. Financial reports filed last week also show that more than 70 percent of the $3.9 million he raised from July through September came from people giving $200 or less. That rate of small-donor ...
Woman Arrested In Walmart For Trying On Tampons In the Feminine Care Aisle
Post Date: 2015-10-16 14:41:01 by Willie Green
10 Comments
News 8 – A 44-year-old Arkansas woman is now behind bars after Walmart employees found her trying on tampons and sanitary pads in the feminine care aisle. Cheryl Woolery, a Springdale, Arkansas resident, was led out of the store in handcuffs after her resisting arrest turned into a bloody mess. Eyewitnesses say Woolery entered the Walmart store on Monday and approached the customer service desk for a return. Woolery complained that the Tampax ‘Lites’ were causing her to “leak” and the cardboard applicator was just too “rough” for her “woowoo” and she wanted to exchange them for something else. “I was stocking the deodorants ...
The Creative Destruction of Nudity in Playboy Magazine
Post Date: 2015-10-16 10:33:00 by Deckard
8 Comments
Playboy has finally found a new way to shock and titillate America. The magazine has announced that it will no longer feature full nudity. Instead, it will be moving toward a partially clad, cheesecake pin-up style. The desire for pictures of fresh-faced girls next door — filled by Playboy in ersatz and airbrushed fashion — is, presumably, easily filled by the actual girls next door on Snapchat and Tinder. When I heard the news, I immediately wondered what the great economist Joseph Schumpeter would have made of it. Schumpeter, who famously sought to become the world’s greatest economist, lover, and horseman — and admitted to failure only when it came to horses — ...
Beer giants agree to merge, create world's biggest brewer
Post Date: 2015-10-13 10:46:18 by Willie Green
4 Comments
BRUSSELS -- Anheuser-Busch InBev (BUD) has announced an agreement in principle with SABMiller to take over the brewer at 44 pounds ($67.63) a share. That would result in a company that is the world's biggest beer giant.The brewer of Budweiser and Stella Artois said Tuesday it had increased its offer overnight for the world's second-largest brewer and that both boards "reached agreement in principle on the key terms of a possible recommended offer."AB InBev has been trying for nearly a month to get its hands on SABMiller but its previous offers have met with resistance. On Monday, it was hoping that its latest offer, which valued SABMiller at 43.50 pounds a share - 14 ...
Dell to buy EMC in deal worth about $67 billion
Post Date: 2015-10-12 10:10:04 by cranky
3 Comments
Dell announced a deal Monday with MSD Partners and Silver Lake to buy cloud computing company EMC for roughly $67 billion in cash and stock. "We're creating an unbelievable powerhouse of an enterprise company," Dell Chairman and CEO Michael Dell told CNBC's "Squawk Box." "This is really all about bringing together complementary technologies and helping our customers address the challenges and opportunities that this digital future is creating." EMC stockholders will receive about $33.15 per share in cash and a type of stock that is linked to "a portion of EMC's economic interest" in its VMware business, which will remain an ...
Donald Trump and Eminent Domain
Post Date: 2015-10-07 09:21:48 by cranky
9 Comments
A brief history In a free market, there’s a pretty simple process for dealing with the situation that arises when one person covets another’s belongings: The coveter makes an offer to purchase them. If the offer is rebuffed, the coveter can make a new proposal, but he cannot simply take what he wants. It’s an effective way of recognizing the impracticality of the Tenth Commandment while enforcing the Eighth. Donald Trump’s covetous nature is not in dispute, but what many may forget is that he’s no great respecter of the admonition not to steal, either: The man has a track record of using the government as a hired thug to take other people’s property. This is ...
Fossil fuel investors will lose money and wreck the market, Bank of England warn
Post Date: 2015-09-30 11:26:46 by Willie Green
4 Comments
Carbon emitting companies need to make some big changes now to avoid destabilising the market, he saidInvestors’ money could be at risk due to climate change, the governor of the Bank of England has warned.In a speech at the Lloyd’s of London dinner, Mark Carney said those who invest in fossil fuels could lose out because of action taken to prevent climate change in the future.In the blunt warning, he said oil, coal and gas would be “literally unburnable” and the assets of fossil fuel companies left “stranded” by strict rules brought in by governments to halt climate change.“The exposure of UK investors, including insurance companies, to these shifts is ...
This is what a $350,000 house in San Francisco looks like
Post Date: 2015-09-26 09:29:06 by no gnu taxes
2 Comments
According to the broker, it’s the cheapest home on the market in San Francisco, and it’s an unlivable shack. It is a worn-down, decomposing wooden shack that was built in 1906, and the interior is unlivable in its current condition. The San Francisco house is also selling for $350,000. Located at 16 De Long Street in the (slightly) more affordable Outer Mission district, the house’s price is a reflection of the skyrocketing real estate market in San Francisco. Since 2012, the city has seen a 103% increase in median housing prices; this month, that figure stands at $1.35 million. According to realtors Brian Tran and Alexander Han, the shack is “the cheapest home ...
Fiorina’s Politically Poisonous HP Stint ALSO Showed Business Ineptitude
Post Date: 2015-09-21 14:18:19 by nativist nationalist
3 Comments
As I noted in Fiorina’s HP Outsourcing Record Cost GOP CA Senate Race In 2010.Why Do This Again? Carly Fiorina’s behavior as CEO of Hewlett Packard enabled the Democrats to fashion a series of devastating TV spots. These asserted (accurately) that she laid off 30,000 workers while engaging in unseemly personal enrichment. In short, her Hewlett Packard record is 100 Proof political poison. Comparatively, Mitt Romney’s business record political liabilities of which the Democrats made so much is like a sip of beer. But a CEO could theoretically make himself politically lethal while doing a good job for his shareholders. Did Fiorina? NO! , according to Yale professor on ...
Efficiency up, turnover down: Sweden experiments with six-hour working day
Post Date: 2015-09-17 16:14:06 by A Pole
18 Comments
A Swedish retirement home may seem an unlikely setting for an experiment about the future of work, but a small group of elderly-care nurses in Sweden have made radical changes to their daily lives in an effort to improve quality and efficiency. In February the nurses switched from an eight-hour to a six-hour working day for the same wage – the first controlled trial of shorter hours since a rightward political shift in Sweden a decade ago snuffed out earlier efforts to explore alternatives to the traditional working week. “I used to be exhausted all the time, I would come home from work and pass out on the sofa,” says Lise-Lotte Pettersson, 41, an assistant nurse at ...
Appeals court strikes a blow for fair use in long-awaited copyright ruling
Post Date: 2015-09-15 08:58:07 by cranky
1 Comments
Copyright owners must consider fair use, and Universal now faces a trial over it. The US Court of Appeals for the 9th Circuit today issued a ruling that could change the contours of fair use and copyright takedown notices. In an opinion (PDF) published this morning, the three-judge panel found that Universal Music Group's view of fair use is flawed. The record label must face a trial over whether it wrongfully sent a copyright takedown notice over a 2007 YouTube video of a toddler dancing to a Prince song. That toddler's mother, Stephanie Lenz, acquired pro bono counsel from the Electronic Frontier Foundation. The EFF in turn sued Universal in 2007, saying that its takedown ...
Shaq's Starbucks misstep: ‘Black people don’t drink coffee'
Post Date: 2015-09-14 20:13:01 by cranky
4 Comments
Shaquille O'Neal continues to make millions off the court.Basketball great Shaquille O’Neal made millions on the court, and he continues to make millions off the court in endorsement deals for fast food, clothing, nightclubs and more. But there was one deal that he passed on which he now considers to be one of the biggest financial mistakes of his life. Sports reporter Graham Bensinger sat down with O’Neal in a recent interview to discuss his various businesses ventures. During the segment for “In Depth with Graham Bensinger," he asks the retired NBA All-Star one of his biggest business regrets and without hesitation, O’Neal talked about why he declined to work ...
Black Employee Wins $1.6 Million in Racial Discrimination Suit From Black-Owned Restaurant
Post Date: 2015-09-13 08:40:11 by cranky
14 Comments
Legendary restaurant Roscoe’s House of Chicken ‘n Waffles has to cough up $1.6 million in an unlawful termination suit to an African American man who claimed he was discriminated against because he was black.The claim proves to be somewhat ironic given that the owner of the eatery, where President Barack Obama once dined when visiting Compton, is African American.CBS Los Angeles reported that Daniel Beasley sued Roscoe’s for firing him after he complained to human resources that the managers harassed him for being black and gave preferential treatment, such as better work hours, to the Hispanic employees. “It’s owned by an African American owner, but he gives full ...
The Fed’s Policy Mechanics Retool for a Rise in Interest Rates
Post Date: 2015-09-12 14:10:01 by buckeroo
3 Comments
It’s easy to take for granted the Federal Reserve’s ability to raise interest rates. Even among the legions who doubt that Fed officials will pick the ideal moment to start increasing rates for the first time since 2008, few question the Fed’s technical competence. The central bank has a long history. The engine is known to work. So it may come as a surprise to learn that the old engine is broken. When the Fed decides that it’s time to “lift off” — perhaps this week, but more likely later this year — it will be relying on a new system, assembled from spare parts, to make interest rates rise. There is a general agreement among economists and market ...
The Elite Have Prepared For The Coming Collapse – Have You
Post Date: 2015-09-07 16:05:26 by tpaine
2 Comments
www.zerohedge.com The Elite Have Prepared For The Coming Collapse – Have You? Username: * Password: * Tyler Durden's picture Submitted by Michael Snyder via The Economic Collapse blog, Why are the global elite buying extremely remote compounds that come with their own private airstrips in the middle of nowhere on the other side of the planet? And why did they start dumping stocks like crazy earlier this year? Do they know something that the rest of us don’t? The things that I am about to share with you are quite alarming. It appears that the global elite have a really good idea of what is coming, and they have already taken substantial steps to prepare for it. Sadly, most ...
New York's Taxi Cartel Is Collapsing. Now They Want a Bailout.
Post Date: 2015-09-07 08:57:43 by Tooconservative
13 Comments
An age-old rap against free markets is that they give rise to monopolies that use their power to exploit consumers, crush upstarts, and stifle innovation. It was this perception that led to “trust busting” a century ago, and continues to drive the monopoly-hunting policy at the Federal Trade Commission and the Justice Department. But if you look around at the real world, you find something different. The actually existing monopolies that do these bad things are created not by markets but by government policy. Think of sectors like education, mail, courts, money, or municipal taxis, and you find a reality that is the opposite of the caricature: public policy creates monopolies ...
Muslim flight attendant: I was suspended for not serving alcohol [Full Thread]
Post Date: 2015-09-06 09:37:11 by cranky
251 Comments
A Muslim flight attendant filed a complaint with the U.S. Equal Employment Opportunity Commission claiming she was suspended from her job for not serving alcohol, which is against her religious beliefs, CBS Detroit station WWJ-AM reports.Lena Masri, an attorney for the Council on American-Islamic Relations Michigan, said Charee Stanley followed management's directions, working out an arrangement with her coworkers to accommodate passenger requests for alcohol.However, Masri said, ExpressJet Airlines put Stanley on administrative leave after another attendant filed "an Islamophobic complaint" that referenced Stanley's head scarf."We notified ExpressJet Airlines of its ...
Gov’t Accuses Company Of Discrimination Over Employees Having To Prove Citizenship Status
Post Date: 2015-09-05 19:54:52 by cranky
1 Comments
Nebraska BeefThe Department of Justice has accused a business of discrimination due to the company requiring employees to show proof of citizenship for employment. The DOJ claims that Nebraska Beef Ltd., a Nebraska-based meat packing company, “required non-U.S. citizens, but not similarly-situated U.S. citizens, to present specific documentary proof of their immigration status to verify their employment eligibility.” After receiving pressure from the government, Nebraska Beef agreed to pay $200,000 in a civil penalty settlement and said they will establish an uncapped back pay fund for people who lost wages because they could not prove they are in the country legally. The ...
Why the oil industry is doomed
Post Date: 2015-08-27 19:29:42 by Willie Green
4 Comments
Canada's oil sands are having a tough go of it.Also known as tar sands, they're particularly difficult to extract because they're mixed up with sandstone, creating an unusually viscous and dirty form of crude oil. But technological breakthroughs like horizontal drilling and steam injection have rendered them accessible, and what oil sands can't be acquired that way are dug up through massive strip-mining operations.So there's been a boom in the remote regions of the Canadian province of Alberta. Oil sands production there grew 30 percent in the last five years — part of the general boom in North American fossil fuels.Then the bottom dropped out of the oil market, ...
Tom Friedman: “Bonfire of the Assets, with Trump Lighting Matches”
Post Date: 2015-08-27 14:40:44 by nativist nationalist
3 Comments
Above, a picture of NYT columnist Tom Friedman’s house. From the NYT business section: Business Group Assails Donald Trump for Urging Higher Taxes on Some Companies His political platform is based largely on his business acumen, but Donald J. Trump is making a habit of rankling the business world with his ideas on trade and taxes. On Wednesday, the conservative Club for Growth took issue with Mr. Trump’s proposal to increase taxes on companies such as Ford when they source parts or make cars in countries like Mexico. The billionaire real estate developer suggested imposing a 35 percent tax on the carmaker as a penalty for such behavior. “It should thrill liberals and ...
Crashing markets increase the odds of a Trump presidency
Post Date: 2015-08-25 14:54:41 by tpaine
6 Comments
nypost.com Crashing markets increase the odds of a Trump presidency Photo: Reuters Crashing markets and floundering economies amplify voter anxiety — just like they did in 2008, when they helped propel into the White House a one-term US senator and “community organizer.” So, is it really so crazy to think that voters might elect as president in 2016 a real estate developer with little policy experience but lots of experience in land speculation, building casinos and reality TV? After months of believing Donald Trump was a flash in the pan, I’m willing to concede that The Donald could become the GOP nominee — and possibly the next president of the United States. ...
When Rules Multiply, the World Needs Rule Breakers
Post Date: 2015-08-19 09:07:38 by Deckard
1 Comments
Humans need rules. Rules make life more predictable. But when the rules multiply, the world needs some rule-breakers.The creator of the underground website Silk Road, Ross Ulbricht, was sentenced to life in prison for creating an online space that allowed people to use bitcoins to buy and sell things. Some used Silk Road (named after Marco Polo's trading route from China) to sell illegal drugs. People do that anyway, even without Silk Road; since the site's closing, numerous similar websites have taken its place. The prosecution implied (but never really argued) that Ulbricht planned murders. That would certainly be breaking a basic rule of civilization, but Ulbricht claims that ...
GM may import a Buick built in China (Envision - Shanghai)
Post Date: 2015-08-18 22:16:52 by Hondo68
12 Comments
General Motors may be the first U.S. automaker to build a car in China and sell it in the U.S. market. IHS Automotive says its analysis leads it to believe GM is planning to start shipping a small SUV, the Buick Envision, back to the U.S. by next year. The car is built in Shanghai for the China market. GM builds and sells more cars in China than in the U.S. The Buick brand is very popular in China, far more so than in the U.S. GM would neither confirm nor deny plans to export the Envision to the U.S. "It is all speculation at this point," said Buick spokesman Nick Richards. "To this point we haven't disclosed any plans for it outside of China." There is only ...
California: $15 Minimum Wage, $30 Per Pizza, Massive Fail
Post Date: 2015-08-17 19:47:31 by cranky
20 Comments
Small businesses are already struggling to survive the spate of minimum wage increases to $15 per hour in parts of California. Last month, the small Bay Area town of Emeryville, California, (population 10,000) decided to act as flag-bearer for raising the minimum wage in California, hiking its minimum wage to $14.44 per hour. Even though businesses with less than 56 workers are exempt from the $14.44 rate and do not have to raise their wages to $15 until 2018, Vic Gumper, who owns Lanesplitter Pizza, with outlets in Berkeley, Oakland, Albany and Emeryville, decided not only to bite the bullet but swallow it, paying his workers $15 to $25 an hour while eschewing tips or raising prices. He ...
New trolleys can fully recharge in 30 seconds
Post Date: 2015-08-13 08:38:30 by Willie Green
2 Comments
Train equipment maker CRRC Corp is introducing a fast-charge trolley bus system that trades traditional overhead cables for an energy model that can fully charge a trolley in 30 seconds while passengers are getting on and off. The company claims that the flash charge supercapacitor is the only one in the world that allows a trolley bus to run for 8 kilometers with 10 seconds of charging. "The technology is especially suited for buses that make frequent stops over short distances, and greatly reduces the pollution from public transportation," said Zhou Qinghe, the president and general manager of CSR Zhuzhou Electric Locomotive Co. "When they brake or run downhill, more ...
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