Archive for the 'Economy' Category
Workers Assembling Apple Products Urged to Sign Anti Suicide Pledge
May 1st, 2011So Foxconn’s suicide prevention nets are still up? Via: Guardian: An investigation into the conditions of Chinese workers has revealed the shocking human cost of producing the must-have Apple iPhones and iPads that are now ubiquitous in the west. The research, carried out by two NGOs, has revealed disturbing allegations of excessive working hours and […]
Oil Near 31-Month High on Weak Dollar, Unrest
April 29th, 2011Via: Reuters: Oil prices hovered near 31-month highs as a weak dollar and violence in North Africa and the Middle East outweighed concerns about slowing growth in top consumer the United States. On its last trading day of April, U.S. crude was heading for an eighth consecutive month of gains, the longest run of monthly […]
75,000 Applied for 2,000 McDonald’s Jobs
April 29th, 2011Via: NBC Chicago: A McJob looked mighty appealing to tens of thousands of people in the Chicago area. More than 75,000 job-seekers applied for 2,000 area positions with McDonald’s during the fast food king’s first-ever “National Hiring Day” on April 19. Applicants packed franchises in Illinois, Southern Wisconsin and Northwest Indiana. McDonald’s filled all 2,000 […]
U.S. Dollar Selling Off Again
April 29th, 2011WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Update: 72.882 Trying for next leg down. —End Update— Local support is 72.904; USDX currently at 72.937. Monitoring…
Life in Touchscreen Hell?
April 29th, 2011Related: The Future Where Soda Cans Have Screens Research Credit: BC
A More Militarized CIA for a More Militarized America
April 28th, 2011Adam B. left an important comment on this story: Petraeus had been working for the past several years as overseer of drug production and export in volatile countries. This is perfect job experience for a CIA director, no? Hopefully the knowledge he has gained in Afghanistan will apply in South America and South-East Asia as […]
U.S. Supreme Court Limits Class Action Lawsuits
April 28th, 2011Via: Legal News Line: The U.S. Supreme Court ruled on Wednesday, in a 5-4 vote, that companies can enforce contracts that bar class action lawsuits.
Wal-Mart: Our Shoppers Are ‘Running Out of Money’
April 28th, 2011Via: CNN: Wal-Mart’s core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday. “We’re seeing core consumers under a lot of pressure,” Duke said at an event in New York. “There’s no doubt that rising fuel […]
U.S. Dollar Slammed Lower Again
April 28th, 2011WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Update 72.871 is the new short term low. — 72.904 is a new local low. It is getting down into into the critical support zone established in 2008. The great unknown, as you know, is below 70.792.
Federal Reserve Will Stop Buying Treasury Bonds; Keep Interest Rates Near Zero
April 27th, 2011Warning: this is not a recommendation to buy, sell of hold any financial instrument. In other news, gold hit a fresh record high as the dollar tanked. Spot gold touched $1523.69. Via: Washington Post: The Federal Reserve will end its program of pumping hundreds of billions of dollars into the economy in June but will […]
