Business News

THE BATTLE OF THE MULTIMILLIONAIRES

March 3 2011
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Personally, I don’t get it, yet I know hundreds of thousands of sports fans are deeply concerned about the ongoing dispute between the players and the team owners in the National Football League. At stake is how to divide up $9 billion. Are there good guys in this fight? I say, “A plague on both…

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WHAT IS FUNNIER THAN ANOTHER OIL SPILL IN THE GULF OF MEXICO?

September 2 2010
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Now, it may be that I have a lugubrious sense of humor, but I was bursting with laughter when I read about the latest fiasco. Oil spills will be with us until hell freezes over, Because the administration (and the next one, and the next one) haven’t the moxie to say ENOUGH ALL READY. A…

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NO TAXATION WITHOUT REPRESENTATION?

August 8 2010
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Taking a tip from the American colonists of 1776, Mike Bloomberg doesn’t want to pay taxes in Russia, claiming his company does not have a regular representative office in the country. For the first time, a U.S. company working in Russia has been accused of tax evasion by taking advantage of an intergovernmental agreement on…

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GOLDMAN SACHS DEFRAUDS THE PUBLIC

July 19 2010
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Law.com……This post is an abbreviation of an article by Sue Reisinger. The lawyers at the Securities and Exchange Commission went into negotiations seeking a record penalty, perhaps as high as $1 billion, according to Wall Street reports. It also wanted Goldman to plead guilty to at least one count of failure to disclose material information…

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IT’S CALLED CAPITALISM, DUMMY!

July 13 2010
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Walmart CEO Michael Duke’s $35 million annual salary constitutes an hourly wage equal to the annual salary of the average Walmart employee. New Walmart employees are paid $8.75 an hour — a gross salary of $13,650 a year. Thus, over a single lunch, Duke makes the yearly salary of one of his workers. Walmart director…

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TOYOTA’S GROWING PROBLEMS

June 7 2010
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from National Law Journal……………..Dozens of lawsuits against Toyota Motor Corp. claiming unintended acceleration of its vehicles are moving along in state courts. Lobbyists for Toyota are scrambling to rebuild its image with lawmakers……………Since 2003, the National Highway Traffic Safety Administration opened — and closed — five investigations of sudden unintended acceleration in Toyota and Lexus…

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SOMETHING FISHY IN THE STATE OF U.S./IRAN RELATIONSHIPS

May 12 2010
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Make of this what you will. The complete report, naming names and facts and figures may be found by CLICKING HERE. This report IS NOT CLASSIFIED and, like most government documents can be distributed at will. United States Government Accountability Office Washington, DC 20548 May 4, 2010 The Honorable Joseph I. Lieberman Chairman The Honorable…

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CASHING IN ON PAYOLA

April 5 2010
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From USA Today………………………..Six months after Marine Lt. Gen. Gary McKissock retired in 2002, he did what many other ex-military leaders do: He joined the board of directors of a defense contractor, a company doing business with his former service. McKissock also had a second job. The Marines brought him back as an adviser, at double…

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GOD BLESS AMERICA

March 16 2010
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USA Today – After announcing plans to leave the House of Representatives, Florida Democrat Robert Wexler went on to spend more than $340,000 of his campaign funds on staff bonuses, airline tickets and other expenses. If you think that is bad, consider what genteel idiot Sheila Krumholt of the non-partisan Center for Responsive Politics has…

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IF ONLY YOU HAD….

January 22 2010
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Why do you whine over the fact that the capitalist swines are cheating you left and right? I don’t get it. Are you an American or what? Christian Science Monitor – Goldman Sachs’ bonus pool was announced Thursday, with an average payout of $500,000. After taxes, what could that buy? Besides chest-thumping fourth-quarter earnings, Goldman…

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FOR LUNATICS ONLY

January 22 2010
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If you have nothing better to do with your life, there are three good possibilities: (1) kill yourself; (2) take a vacation in Tunisia; (3) spend the next 10 years trying to figure out the difference. AllAfrica.com – Thanks to its strategic position and its proximity to Europe as a Mediterranean country, Tunisia remains an…

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NOW FOR SOMETHING REALLY IMPORTANT

January 11 2010
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Let’s call this, “Keeping it all in the family.” From Moscow Times – Billionaire Sells Movie Chain to Daughter. LOS ANGELES — Sumner Redstone’s holding company, National Amusements, is selling its Russian theater chain Kinostar to Redstone’s daughter and other investors in a further move to pay down its debts. The 86-year-old billionaire media mogul…

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LET THEM EAT CAKE

December 14 2009
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The Bureau of Labor Statistics tells us that the national unemployment rate is 10.2% but that among the 16-24 year old cohort it is 19.!. Worse yet, is that for African Americans in that age cohort, the rate is 30.5% The Obama Administration is trying to figure out how to create jobs for these poor…

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WORST CHARITIES

November 18 2009
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The leaders of these 10 organizations are taking high salaries at the expense of spending dollars on the charity’s programs. Despite receiving more than $240,000 in annual pay, these CEOs run organizations that devote less than 60% of their budgets to their programs and services. That means that at least 40% of your dollars are…

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MONEY REALLY DOES GROW ON TREES

November 6 2009
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Well, at least it does if you are a CEO at one of the nation’s 29 largest public financial companies. These impudent rascals are not embarrassed to get more, and then MORE. In appreciation for all the bailout money they received, these stalwarts of finance have taken whopping increases in fringe benefits after the bailout.…

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TAKE THE MONEY AND DON’T RUN. WALK

October 21 2009
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Yes, walk away from the limelight, once and for all. At last, a little action from the Obama crowd that we can really cheer about. The Obama administration will order the companies that received the most aid in the federal bailout to deeply slash the compensation to their highest paid executives. The seven companies that…

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LABELS

October 21 2009
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If these things matter to you, and some of them should, go for it. Many tags on products are just industry gimmicks. Solid endorsements on the left………..Meaningless junk on the right. 100% organic………………Cruelty free Certified organic…………..Made with organic ingredients Certified Humane raised….Free range Compostable……………….Biodegradable Certified biodegradable……Dolphin safe tuna Marine stewardship Council…..No additives Forest Stewardship Council……Hypoallergenic…

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LOBBYISTS ARE TAKING A BREAK

September 17 2009
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According to the usual malarky, lobbying serves a legitimate purpose. Of course, we don’t know what it is. We do know it involves putting pressure on congress people to do as industries want. It also has a bribery arm. Still, the good news is that, for whatever reason, money spent on lobbying in the first…

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COLLEGE? WASTE OF TIME AND MONEY

September 16 2009
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According to this weekend’s edition of the Washington Post, good deals are available for those who know how to shop for financial aid. It seems you don’t have to be a genius or poor to get solid low cost loans. I’ve got a much better idea. DON’T GO! There is not a damn college on…

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WHAT’S UNDER YOUR PANTS?

September 11 2009
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Of course, Khalid Sheik Mohammed has been making due with one unwashed pair of underwear for 4 years, in part because the CIA doesn’t want him to be better dressed than they are. Still, the sale of underwear is popular because after 20 washings and stretching or shrinking, what choice do you have? The research…

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SHOW ME THE MONEY!

August 10 2009
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One simple way to decide if somebody is making enough or too much money is to look at what his so-called peers rake in. If you make $20 million/year but all around you others in your racket (oops, I meant profession) make twice that, then you are just the poor little kid on the block.…

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THE MARCH OF CAPITALISM

July 31 2009
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What’s wrong with you? I mean YOU, the person reading this blog. You complain about Wall Street greed when the very essence of the capitalist philosophy is to make as much money as possible in any way you can. Remember, our friend Michael Douglas, in the movie Wall Street, who gave a speech, extolling the…

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SURPRISE, SURPRISE BIG BUSINESS WINS

July 6 2009
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U.S. taxpayers have given 50 billion to rescue General Motors, but the company says it should not have to pay a penny to people harmed by known defects in its vehicles. Obama agrees. It is necessary to preserve this great company even as it breaks up into separate divisions. It will, ahem, “restructure.” Thanks a…

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ECONOMICS 101: A SNEEZE IN TIME SAVES NINE

June 3 2009
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From the journal Health Policy. “How to finance healthcare costs” The study was a cross-sectional study based on a questionnaire administered to 700 Swedish politicians and physicians. A majority of the decision makers (55%) suggested that increasing costs should be financed through higher taxation but more physicians than politicians thought that higher patient fees, private…

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