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  • Gap increases its minimum hourly wage [View news story]
    Yes, GAP probably don't own them directly but that doesn't mean it doesn't exercise significant influence over how much the workers are paid.
    Feb 21, 2014. 10:02 AM | Likes Like |Link to Comment
  • Gap increases its minimum hourly wage [View news story]
    I wonder how much Gap pays the people in developing countries who make many of the clothes?
    Feb 20, 2014. 08:54 AM | Likes Like |Link to Comment
  • Obamacare's got an age problem [View news story]
    I would think it's to be expected that those most in need of cheaper insurance [the older and the sick] would be the first to sign up for the new plans. We'll have to wait a few months to see if the those signing up going forward skew younger.
    Jan 14, 2014. 07:47 AM | Likes Like |Link to Comment
  • Budget passes key Senate procedural vote [View news story]
    "I'll gladly pay you next Tuesday for a hamburger today" - Wimpy
    Dec 18, 2013. 06:58 AM | Likes Like |Link to Comment
  • Costco's FQ1 sales rise 5% [View news story]
    They mention the impact of gasoline price deflation, but what about the impact on comparable sales of the prices they've raised on some of their other products ;-)
    Dec 5, 2013. 05:15 AM | Likes Like |Link to Comment
  • Bernanke less certain of taper this year [View news story]
    My off-the-cuff guess is that this week's taper interruptus has little to do with the idea that "chairman may not be interested in seeing another bond market blow-up." It wouldn't surprise me that when the FOMC minutes are released in five years, this week's decision is seen as something of a rebuke to Bernanke. In June the chairman wandered off the reservation with his comments about what the FOMC would do. That was quickly followed, you will remember, with the unusual spectacle of just about every FOMC member trying to reel the chairman’s comments back in. This week's vote merely confirms that the majority of FOMC members were not following his lead regarding the taper.
    Sep 18, 2013. 04:11 PM | Likes Like |Link to Comment
  • EU stocks down as markets wait on the FOMC [View news story]
    Ultimately it's the bond market (and not the FOMC) in setting longer-term interest rates, that will determine whether tapering contributes to a tightening.
    Aug 21, 2013. 06:10 AM | Likes Like |Link to Comment
  • Moody's upgrades outlook on U.S. states [View news story]
    And yes, there is often a delay before rising property values are reflected in tax assessments, but you would think generally rising house prices would still be reflected in the cities' "Outlook."
    Aug 21, 2013. 05:29 AM | Likes Like |Link to Comment
  • Banks' hiring of well-connected relatives in China widespread [View news story]
    This from yesterday's WSJ: "To get ahead in China, you need the right daddy.So says a recent online survey showing that nearly 84% of respondents believe the young people around them would prefer to play a game of pin die rather than work hard. Meaning something like “powerful daddy,” the phrase refers to competing on the basis of family background. By that, they mean in terms of jobs – more than 80% said they believe many young people have relied on pin die to get ahead at work. The survey was conducted by the Social Survey Center of the China Youth Daily, a state-run newspaper, and web portal"
    Aug 21, 2013. 05:22 AM | 1 Like Like |Link to Comment
  • Moody's upgrades outlook on U.S. states [View news story]
    This summary begs the question of why the state outlook improved but the cities' outlook has remained negative. Moody's apparently cites the improved housing market as a primary factor, yet property taxes in general go to localities, not to the states.
    Aug 21, 2013. 05:14 AM | Likes Like |Link to Comment
  • SEC probes JPMorgan over hiring practises in China [View news story]
    It's a pretty good bet that here in the U.S. a number of the top-bracket investment banking firms disproportionately hire sons and daughters of well-connected people. Maybe in a few weeks or months one of more news outlets will look into that side of the story.
    Aug 18, 2013. 03:13 PM | 2 Likes Like |Link to Comment
  • Jeff Bezos buying Washington Post newspaper ops for $250M [View news story]
    Just an off the cuff thought but let's not forget that Amazon has recently gone through major political battles regarding the online sales tax issue. Perhaps that further impressed upon Bezos the importance of influencing the political arena and, despite the Post's current situation, it is still the dominant print media outlet in the nation's capital.
    Aug 5, 2013. 10:30 PM | 2 Likes Like |Link to Comment
  • Get ready for a turbulent earnings season for gold producers, as Stifel Nicolaus warns that miners it follows will report an average 20% Q/Q drop in EBITDA. Kinross Gold (KGC +0.4%), Barrick Gold (ABX +2.4%) and Newmont Mining (NEM +0.4%) are seen as losing well over 30% of their production from mine closures; Goldcorp (GG +3.1%) would lose only 7% because of its low-cost asset base. (also[View news story]
    Dear Ed: your capsule should have mentioned that the "30% of their production from mine closures..etc." was based on a model assuming a gold price of $1,000.
    Jul 9, 2013. 12:33 PM | Likes Like |Link to Comment
  • New York Times (NYT) has several bids for The Boston Globe in its hands, according to Reuters. The auction for the business closed yesterday at 5:00 PM EST. The final acquisition price and how pension obligations factor into the deal will be of interest to Tribune Co. which is considering a sale of The Los Angeles Times and Chicago Tribune[View news story]
    Selling a media property is not always just about dollars and cents. If the seller has had a particular ideological bias that was reflected in the media property's news coverage, the seller is likely to want to award the property to a bidder with a similar ideological bias. That certainly seems to have been the case, in past instances, in the TV industry.
    Jun 28, 2013. 07:41 AM | Likes Like |Link to Comment
  • Market preview: Like parents try to calm an irrationally screaming child, central bankers have smothered markets with soothing words about how they'll continue to keep the liquidity flowing, Fed tapering and PBOC tightening notwithstanding. It seems to have done the trick and the child is comforted, with U.S stock futures and European shares higher. Decent durable goods data have made things even cozier, although watch out for a data dump at 10 ET. The S&P Mini is +0.6%, the Dow +0.45% and Nasdaq futures are +0.6%. Later: Consumer Confidence, State Street Investor Confidence Index, New Home Sales, Richmond Fed Mfg. [View news story]
    "Like parents try to calm an irrationally screaming child"..this is the second time I've heard the parent/child metaphor applied this the Fed. Not at all apropos. Perhaps the FOMC is more like an athletic trainer administering performance enhancing drugs.
    Jun 25, 2013. 09:39 AM | Likes Like |Link to Comment