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Jackson999

Jackson999
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  • Embattled Yahoo (YHOO) CEO Scott Thompson will reportedly step down to be replaced temporarily by global media head Ross Levinsohn while Yahoo once again looks for a leader. And Yahoo's five directors, who were set to step down in the summer, will leave the board immediately to make room for Dan Loeb's Third Point nominees, with recently added director Fred Amoroso moving to board chair.  [View news story]
    He was on SNL this week. :)
    May 14, 2012. 12:16 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Did Wall Street Breakfast RSS feed end as of Dec 30th? This was the last one I received and I am having a problem finding an RSS link here.
    Jan 24, 2012. 01:10 PM | Likes Like |Link to Comment
  • As widely expected, Brazil's central bank cuts its key rate to 10.5% from 11% in an effort to spur economic growth in the region. The real is up just slightly following the announcement.  [View news story]
    Meanwhile the USA lumbers on, stuck with a 0.25% key interest rate, unable to spur economic growth.
    Jan 18, 2012. 08:11 PM | Likes Like |Link to Comment
  • The average age of cars and light trucks rises to a record 10.8 years, research firm Polk says. "The increasing age of the vehicle fleet, together with the increasing length of ownership, offers significant business growth opportunity for the automotive aftermarket."  [View news story]
    If everyone is holding onto their existing cars, who brought the 12.8 million new cars sold in 2011?
    Jan 17, 2012. 01:52 PM | Likes Like |Link to Comment
  • In an attempt to promote "insourcing," President Obama yesterday said he'll make tax proposals that will reward companies for bringing jobs home and investing in America, while he also reiterated his pledge to end breaks for companies that move jobs overseas. (video)  [View news story]
    There are no easy solutions, but there are solutions.
    ---------
    So what are the solutions????
    Jan 16, 2012. 04:03 AM | 1 Like Like |Link to Comment
  • Spanish unemployment hit the "astronomical" level of 5.4M at 2011's end, says PM Rajoy. With the official figures not yet out, a bit of math suggests the unemployment rate jumped from 21.5% to about 23.2% - an astounding move in just 3 months. One wonders what's ahead as the government is set to unleash a new wave of austerity measures.  [View news story]
    A lot of people are working off the book and don't pay taxes. That explains why what you see in the street doesn't reflect the unemployment #'s. I visited Spain last Summer, and all bars and restaurants were full. And they were full with locals, not tourists. Spain didn't look at all like a country in crisis! In a lot of household, the women provide for the family with her regular income and the man gets some freelance work once in a while when he's lucky to find something.
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    If Spain is like the USA, then working under the table means that you won't be eligible to collect unemployment if you lose your under the table job and you also won't be eligible to collect the equivalent of SS.

    As to the woman becoming the main providers, the same exact thing is happening here. The Amazonian woman are taking over. Men will only be valuable for their sperm. :)
    Jan 16, 2012. 02:50 AM | Likes Like |Link to Comment
  • In an attempt to promote "insourcing," President Obama yesterday said he'll make tax proposals that will reward companies for bringing jobs home and investing in America, while he also reiterated his pledge to end breaks for companies that move jobs overseas. (video)  [View news story]
    "A lot of jobs are gone and are not coming back - nor do you want them back. They are low paying and dead ends. What you need is a way to prepare people for the future. Not the past."
    ------------
    So WHEN do you think our country will get around to preparing people for the future?

    Does this preparation apply to older people (say over 40) or will it only be for those in their teens to early 20's?

    And what do we do with all the current displaced workers, some of whom have been unemployed for years now and some who are now living on the streets?
    Jan 15, 2012. 10:51 PM | 1 Like Like |Link to Comment
  • Spanish unemployment hit the "astronomical" level of 5.4M at 2011's end, says PM Rajoy. With the official figures not yet out, a bit of math suggests the unemployment rate jumped from 21.5% to about 23.2% - an astounding move in just 3 months. One wonders what's ahead as the government is set to unleash a new wave of austerity measures.  [View news story]
    It might be worth a lot more if we learned from history.....
    Jan 15, 2012. 12:46 PM | 3 Likes Like |Link to Comment
  • The GOP debate about whether P-E creates more jobs than it destroys is "fruitless," says the WSJ, "because voters and politicians don't believe jobs should ever be destroyed." But one thing that Mitt Romney didn't learn at Bain was to be afraid of taking action because it would upset people. "That's not the worst qualification to bring to the Oval Office right now."  [View news story]
    Romney will suffer the same fate as McCain - LOSE to Obama.
    Jan 15, 2012. 12:42 PM | 1 Like Like |Link to Comment
  • In an attempt to promote "insourcing," President Obama yesterday said he'll make tax proposals that will reward companies for bringing jobs home and investing in America, while he also reiterated his pledge to end breaks for companies that move jobs overseas. (video)  [View news story]
    Additionally, go straight to the source and impose significant tax penalties for offshoring or outsourcing!
    Jan 15, 2012. 12:37 PM | 2 Likes Like |Link to Comment
  • S&P strips France of its AAA, cutting the country's credit rating one notch to AA+ with negative outlook.  [View news story]
    That doesn't sound very good...
    Jan 13, 2012. 10:33 PM | 2 Likes Like |Link to Comment
  • The five-year slide in U.S. home prices will end this year, according to a Reuters poll, followed by the start of a weak recovery in 2013. However, a stagnant 2012 and the meager 1.5% gain expected in 2013 will offer little comfort to the millions of Americans trapped in negative equity — owing more to their mortgage lender, in some cases much more, than their houses are worth.  [View news story]
    Wasn't Congress talking about eliminating some or all of the home mortgage deduction? That should help further reduce home prices! [roflol]
    Jan 13, 2012. 10:25 PM | Likes Like |Link to Comment
  • More angst at Allstate (ALL), as a system that shows agents how much they've earned in monthly commissions under-reported payments this week, touching off a new uproar among the insurer's sales force. The reaction shows ill will existing among some agents already on edge about impending changes in the way their commissions are calculated.  [View news story]
    "You are in good hands with Allstate" [lol]
    Jan 12, 2012. 04:37 PM | Likes Like |Link to Comment
  • An aide to North Dakota's John Hoeven tells Reuters Senate Republicans are drafting a bill to circumvent the President's authority and approve TransCanada's (TRP) Keystone XL pipeline under Congress' authority to regulate commerce with foreign nations.  [View news story]
    Obama's probably made a back room deal with the Republicans to back them on this by not challenging if they pull it off.

    He and some other Dem Congress people want the pipeline but they are afraid to go up against the green power in the Dem party during an election year.
    Jan 11, 2012. 06:35 PM | 2 Likes Like |Link to Comment
  • In response to the possible presence of a prohibited fungicide, U.S. regulators have halted shipments of imported orange juice from all countries, and plan to destroy or ban products if tests find even low levels present. Orange juice futures surged higher yesterday on the initial contamination report.  [View news story]
    Imported juice that tests at concentrations of 10 parts per billion or higher will be refused or destroyed, DeLancey said.

    For products on the market, the benchmark is below 80 parts per billion because the Environmental Protection Agency's risk assessment says they don't have safety concerns at that level, said Dale Kemery, a spokesman for the agency. This level is 1,000 to 3,000 times lower that the levels that would indicate a health concern, he said in an e-mail.
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    Say what? If a product is on the market, then 80 parts is good enough but for imported juice, the standard is 10 parts or greater is too much? Why the 70 part difference?
    Jan 11, 2012. 06:31 PM | 1 Like Like |Link to Comment
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