I AM OFFICIALLY CALLING TODAY THAT THE U. S. ECONOMY HAS COLLAPSED’ like all truths uncle Sam will announce it one year from now, just like the official start of the recession, which has now become a depression’
for those who says employment is good. i say to you. in a capitalist society . one could [...]
Everybody talks the well-publicized woes of the financial, real estate, and automotive industries but publishing industry (in print) form is basically withering and dying as we speak.
Internet (free access) killed Playboy and just about every other traditional publishing media company as the online ad revenues just don’t make up for the print ad revenues and [...]
‘Staycation’ Trends Surface in Products That Consumers Purchase
NEW YORK, November 26 /PRNewswire/ — Retail Decisions (ReD), a payment card issuer and world leader in payment card fraud prevention and payment processing, predicts a bustling Black Friday on November 28 with 10.00 am - 11.00 am being the busiest online shopping hour of the year, with [...]
Let the market do it’s thing. Filing bankruptcy is the way to go, just like every other company. The airlines have done it and they are still operating. GM is no different. The unions won’t reopen their contracts, well guess what in bankruptcy court they have no choice.
Lets give a grossly unprofitable and incompetent and [...]
Swiss banking giant UBS, under investigation by the U.S. government for allegedly helping Americans hide money from the Internal Revenue Service, is closing thousands of accounts, putting clients at greater risk of being exposed, tax lawyers say.
UBS clients have been receiving calls and letters telling them that their Swiss accounts will soon be liquidated. [...]
11/12/2008 04:40:00 PM
Upping the ante on JPMorgan’s CEO Dimon and Merrill’s CEO Thain (see previous post), former Goldman Sachs chairman John Whitehead is quoted as saying the current slump will be worse than the Great Depression!
From Reuters: Whitehead sees slump worse than Depression (hat tip Rex Nutting)
The economy faces a slump deeper [...]
I had few transactions with BestBuy before and I just could not stand their services & their number of open cash registers (2 out of 3, mostly one). Every times I was at Customer services it took me at least 30 minutes or more to have some one to talk to and guess what there [...]
THE EMPLOYEES
It’s what happens to companies that target their number one asset, THE EMPLOYEES!!! terminated all productive (ones paid a livable wage) a couple of years ago and replaced them with no nothings. These types of companies can’t be liquidated fast enough.
Price
I stopped by one of the closing stores, to see what kind of bargains. [...]
Sun Micro’s struggles worsen in downturn
Commentary: CEO needs to do something to avert spiral
By Therese Poletti, MarketWatch
Last Update: 10/23/2008 12:01:00 AM
SAN FRANCISCO (MarketWatch) — Sun Microsystems Inc. has been struggling ever
since the last economic downturn to consistently regain its footing, and things
are grim again.
On Tuesday, the systems and software maker gave Wall Street a nasty [...]
“On day one” of the effort, Sen. George Allen of Virginia had not addressed Hagel’s bill and his legislative aide for housing was not assigned to it, the report said.
“Today,” the report added, “the senator is aware of the issue and … at the moment he is undecided.” Allen’s deputy chief of staff “has said [...]
the great fairy tale:
It was onced beleived that debt was honest and good.
Debt was the way to fortunes and riches.
Looking rich and the thin veneer of having it all together was were it was at.
The fairy tale continued and went as far as every family in america
would live in their own castle…while in fact it [...]
NEW YORK (MarketWatch) — Constellation Energy Group (CEG) CEO Mayo A. Shattuck said the company is receiving $1 billion in cash on Monday as part of its upcoming sale to Berkshire Hathaway’s MidAmerican Energy Holdings. In a conference call, Shattuck said the demise of Lehman Brothers led to speculation about his company’s financial health, despite [...]
TORONTO (Reuters) - Yamana Gold (AUY) is not on the hunt for acquisitions, the company’s chief executive said on Tuesday.
“We’re committed to growth, but it is organic growth for this company for the next year to couple of years, at least,” CEO Peter Marrone said at the Denver Gold Forum.
“I believe that we have better [...]
NEW YORK (AP) — Wall Street is sharply lower after more news of weakness in the housing sector and executive shake-ups at two major banks.
The Commerce Department said construction spending fell in April because of the housing slump. That was offset somewhat by strength in other construction outlays.
Meanwhile, investors were reminded of the ongoing problems [...]
MBIA CEO Buys 62,714 MBIA Shrs For About $530,000 >MBI
Last Update: 4/24/2008 1:36:53 PM
DOW JONES NEWSWIRES
MBIA Inc.’s (MBI) chairman and chief executive Joseph Brown Thursday bought
company shares worth $529,933, according to a regulatory filing.
Brown, who returned to the company in February to lead the beleaguered Armonk,
N.Y., bond insurer, said he bought 62,714 shares for $8.45 [...]
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