Archive for the 'Economy' Category
Recovery: Bad Economies in States to Worsen
February 22nd, 2010Via: Reuters: The already gloomy conditions of states’ economies are set to worsen, according to preliminary survey findings from the National Governors Association released on Saturday. “The situation is fairly poor for a lot of states around the country. In fact, most states,” Vermont Governor Jim Douglas, who is chairman of the association, said at […]
And Now… Walmart, Champion of the Local* Food Movement?
February 22nd, 2010* In terms of WalMart, local means, “Within a day’s drive of one of its warehouses.” Does that mean two people driving for 24 hours in shifts? I apologize for being so cynical, but this is [expletive deleted] WALMART we’re talking about! What’s happening here? Is “Local” becoming the new “Organic”? Another term ripe for […]
Ousted GM CEO Fritz Henderson Rehired As Consultant, Earns $60K A Month
February 22nd, 2010Via: Car Connection: After having been very publicly ejected from the company late last year, former GM CEO Fritz Henderson has been reinstated with a cushy consulting role less than three months on. In early December, 2009 Henderson was asked by the then Chairman of the Board, Ed Whitacre, to resign just days before he […]
Kerik Is Sentenced in Corruption Case
February 22nd, 2010Fugettaboutit. Via: New York Times: Bernard B. Kerik, a former New York police commissioner who rose to national prominence, was sentenced to four years in prison on Thursday after pleading guilty to eight felony charges, including tax fraud and lying to White House officials. Under the terms of a plea agreement, the prosecution and the […]
The New Poor: Millions of Unemployed Face Years Without Jobs
February 22nd, 2010Economic Recovery, New York Times style: “You basically don’t want workers. You hire less, and you try to find capital equipment to replace them.” Via: New York Times: Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of […]
California City to Charge $300 to Call 911
February 21st, 2010Via: CBS13: Tracy residents will now have to pay every time they call 9-1-1 for a medical emergency. But there are a couple of options. Residents can pay a $48 voluntary fee for the year which allows them to call 9-1-1 as many times as necessary. Or, there’s the option of not signing up for […]
FDIC Friday
February 20th, 2010Via: AP: Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures last year in the worst financial climate in decades. The Federal Deposit Insurance Corp. took over La Jolla Bank, FSB, in La Jolla, Calif. The bank had 10 […]
On 81st Birthday, Oregon Man Gives Company to Employees
February 20th, 2010Via: Seattle Times: Scores of employees gathered to help Bob Moore celebrate his 81st birthday this week at the company that bears his name, Bob’s Red Mill Natural Foods. Moore, whose mutual love of healthful eating and old-world technologies spawned an internationally distributed line of products, responded with a gift of his own — the […]
FDIC to Open Illinois Office with 500 Employees to Handle Midwest Bank Failures
February 20th, 2010Via: Chicago Tribune: The Federal Deposit Insurance Corp. is opening a satellite office in Schaumburg that will accommodate up to 500 temporary staffers and contractors. The banking regulator recently began running recruiting advertisements for the new office, saying it’s looking for people with skills and experience in such areas as loan management, contract oversight and […]
Britain at Risk of Worse Deficit Crisis Than Greece
February 20th, 2010Via: Telegraph: Britain is at risk of a Govenment deficit crisis worse than that of Greece, sparking serious fears over the economic stability of the country. In surprise news which sent the pound sliding on Thursday, official figures showed that the Government borrowed £4.3 billion last month. It was the first time since 1993 that […]
