Going Places - Fun Facts About American Business
Posted by admin / Under Business And Economy
Our video of the day is "Gong Places - Fun Facts About American Business," please share this with your kids because I guarantee they are not learning this in school.
Published on Thursday 2nd of September 2010 09:43:36 PM
Intel CEO: Things Need to Change in the U.S.
Posted by admin / Under Business And Economy
Intel's Paul Otellini predicts that the "next big thing" won't happen in the States unless government policies change. ZoomMonday night Intel CEO Paul Otellini warned government officials that the U.S. will face a huge tech decline if government policies are not altered. In fact, the "next big thing" won't be invented here in the States, and jobs will be created outside our borders. The warning was part of his observations about the Obama administration and the nation's economy during dinner at the Technology Policy Institute's Aspen Forum. He took aim at the U.S. legal environment, claiming that its become so...
Published on Thursday 2nd of September 2010 09:43:36 PM
Why Wall St. Is Deserting Obama
Posted by admin / Under Business And Economy
A registered Democrat, Mr. Loeb has given and raised hundreds of thousands of dollars for Democrats. So it came as quite a surprise on Friday, when Mr. Loeb sent a letter to his investors that sounded as if he were preparing to join Glenn Beck in Washington over the weekend. ...some of the president's biggest supporters have so publicly derided his policies, even at the risk of hurting their ability to influence the party in the future
Published on Thursday 2nd of September 2010 09:43:36 PM
Follow the Money: Could Mayor Bloomberg’s Media Business Interests in the Middle East Have ..
Posted by admin / Under Business And Economy
Call us cynical but we wonder whether Mayor Michael Bloomberg’s passionate backing of the building of a controversial mosque near Ground Zero stems as much from Bloomberg’s belief in America’s “freedom of faith” as it might from the Mayor’s belief in the “virtues of Islamic finance?” Does the Mayor’s unshakable support have anything to do with The Bloomberg (company) becoming a ‘single provider of information that caters to the Islamic business market’? A Bloomberg five-year business plan for an Islamic finance portal via a Bloomberg hub at the Dubai International Financial Centre (DIFC) is already a reality.
Published on Thursday 2nd of September 2010 09:43:36 PM
Jobless Claims 8/26
Posted by admin / Under Business And Economy
So says the DOL: In the week ending Aug. 21, the advance figure for seasonally adjusted initial claims was 473,000, a decrease of 31,000 from the previous week's revised figure of 504,000. The 4-week moving average was 486,750, an increase of 3,250 from the previous week's revised average of 483,500. Notice the revision - revised up 4,000. So yeah, it was down, but not as much. But again, I'm interested in everyone on these programs, and here the trend is decidedly the wrong way:
Published on Thursday 2nd of September 2010 09:43:36 PM
The Real Policy Mistake
Posted by admin / Under Business And Economy
This morning I wanted to puke up my coffee while listening to CNBS, which was going on about "policy mistakes" and the Jackson Hole symposium that is opening today. In short, the premise they're running (along with the rest of the media) is that we're "trying" to have a recovery, and only a policy mistake by the Central Banks can destroy it. This is a damned lie. The policy mistake was already made, 10 and 20 years ago, and it was both governments and central banks that made it. The policy mistake was to allow leverage to masquerade as growth....
Published on Thursday 2nd of September 2010 09:43:36 PM
Tickerguy's Economic Repair Plan
Posted by admin / Under Business And Economy
I've taken a hell of a lot of shots at policy over the last three years, and have on occasion gone after specific policy mandates and recommendations. This will be an attempt to back the lens out and take a wider view. That is, we're going to look at first principles, not the fine details. If we want to fix America's economy, we have to address the distortions that have been exploited by those in American business, and especially those in foreign businesses. This means, broadly, two things: •Economic (wage) arbitrage •Environmental arbitrage
Published on Thursday 2nd of September 2010 09:43:36 PM
Success despite government
Posted by admin / Under Business And Economy
No less than 93% of Chinese businessmen say the main reason for their spectacular success is network connections (guangxi), especially with government officials. Indian businessmen, however, have succeeded despite the government: 81% say the main reason for their success is jugaad, the ability to find innovative way round prohibitive rules and institutions. This is the key finding of a survey of 4,000 businessmen in the two countries by YouGov, a top online survey organisation, and the Legatum Institute, an independent think tank. The survey represents the subjective view of Indian and Chinese entrepreneurs, but has a ring of truth. China...
Published on Thursday 2nd of September 2010 09:43:36 PM
Ebay, Adobe, EA Games, Many Others Leaving California For Utah Over Confiscatory Tax Rate
Posted by admin / Under Business And Economy
Computer software giant Adobe, computer game monster EA Games, and Internet auction king ebay are abandoning California to set up shop in Utah. Why? California's horrid business climate and high taxes. Adobe Systems, maker of a suite of graphics programs such as Adobe PDF, Illustrator, Photoshop, and InDesign, have announced that they are building a $100 million facility in either Salt Lake City or in nearby Utah County, Utah. The facility will bring thousands of jobs to Utah over the next few decades. In May the Internet auction company ebay also announced a major new facility to be built in...
Published on Thursday 2nd of September 2010 09:43:36 PM
Company wants to soldier on
Posted by admin / Under Business And Economy
A Walpole firm that sells seafood and other food products to military commissaries around the world has been caught up in the bureaucratic nets at the Pentagon. Alder Foods Inc., which has sold its frozen Rainbow Seafood Company shrimp and other food items to military personnel for 45 years, says it will probably have to close up shop by the end of the year unless the Pentagon reverses a recent rule change that the firm says will sink its operations. “I can seriously say we will not be a business anymore,” said Michelle Keating, chief executive of the 30-employee Alder...
Published on Thursday 2nd of September 2010 09:43:36 PM
Cash-Strapped Philly: Bloggers Must Pay For Business License
Posted by admin / Under Business And Economy
How does a financially strapped city with a shrinking manufacturing base and rising unemployment attempt to make a little extra cash? Tax the bloggers. Philadelphia is demanding that bloggers pay $300 for a business license, whether or not the blog brings in a fraction of that amount in profit, according to the Philadelphia City Paper. Marilyn Bess blogs about eco-friendly living in Philadelphia and the surrounding areas. She occasionally contributes to the DIY site eHow.com. Her profit in the last few years - $50. She told the City Paper that she received a letter from the city in May, demanding...
Published on Thursday 2nd of September 2010 09:43:36 PM
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