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  • Taco Bell's New Doritos Taco And Waffle Taco Can Save Yum Brands From Its Chinese Worries [View article]
    I am so conflicted over the Waffle Taco. Do I love it or am I disgusted by it? Possibly both.
    Aug 14 03:33 PM | 1 Like Like |Link to Comment
  • Minimum wage debate rages on [View news story]
    There is so much *face-palm* in this story that it's difficult to figure out where to begin...

    As a nation, we truly get what we deserve.
    Jul 29 02:36 PM | 4 Likes Like |Link to Comment
  • The Fed will trim its asset purchase program to $65B/month from the current $85B pace beginning in September, according to a growing number of economists polled by Bloomberg. "The markets have adjusted," says one respondent. "Investors believe it won't be a strong negative for the markets or the economy." [View news story]
    ah, yes. GDP "growth" has been supported by massive intervention and corporate margins have been compressed...yet, it won't be a "strong negative"?
    Jul 23 09:31 AM | 1 Like Like |Link to Comment
  • Masao Yoshida, the plant manager who led the fight to bring the reactors at Tepco's (TKECY.PK) Fukushima atomic station under control during the 2011 nuclear disaster, has died of cancer. He was 58. The company says the illness was unrelated to radiation exposure after the nuclear accident. Yoshida led a group that became known as the "Fukushima Fifty," who who stayed behind and risked their lives to bring the reactors under control. [View news story]
    "The company says the illness was unrelated to radiation exposure after the nuclear accident."

    Totally believable considering that Tepco seems to have gotten their PR lessons from Baghdad Bob.
    Jul 10 11:07 AM | Likes Like |Link to Comment
  • It's still too early to reduce asset purchases, says San Francisco Fed chief Williams. More evidence is needed of the recovery's momentum and that the drop in inflation is a temporary one. His personal forecast is for unemployment to still be over 7% at year's end and for inflation to remain well under 2% into 2015. [View news story]
    $85 billion a month.
    Jun 28 03:41 PM | Likes Like |Link to Comment
  • More on Personal Income: The 3.6% decline in income was the sharpest in 20 years, but it comes after December's 2.6% spike on the wave of pre-tax hike special dividends and bonuses. [View news story]
    "unexpected"
    Mar 1 08:53 AM | 2 Likes Like |Link to Comment
  • "Fifty-seven percent of the Italian vote went to parties that have vowed to tear up the EU austerity script," writes Ambrose Evans-Pritchard. It's of "seismic importance," says RBS' Andrew Roberts. "The ECB rescue depends on countries doing what they are told." Roll that line around in your mind for a bit. [View news story]
    "unexpected"

    errrrr
    Feb 27 09:33 AM | Likes Like |Link to Comment
  • Bernanke: Monetary and fiscal policies are working at cross purposes, he says, responding to a question. Tighter fiscal policy is dragging growth by 1.5% this year and monetary policy cannot make up for that, he contends. "Fiscal policy decisions being made are mismatched with timing," i.e., no spending cuts this year, please. [View news story]
    Recession is the movement towards fiscal equilibrium. It MUST happen.
    Feb 26 02:54 PM | Likes Like |Link to Comment
  • Bernanke: Monetary and fiscal policies are working at cross purposes, he says, responding to a question. Tighter fiscal policy is dragging growth by 1.5% this year and monetary policy cannot make up for that, he contends. "Fiscal policy decisions being made are mismatched with timing," i.e., no spending cuts this year, please. [View news story]
    I always scratch my head at the idea that property rights (yes, currency is property too) has a sliding scale based on what you "can afford" or what you "need".
    Feb 26 01:39 PM | Likes Like |Link to Comment
  • Bernanke: Monetary and fiscal policies are working at cross purposes, he says, responding to a question. Tighter fiscal policy is dragging growth by 1.5% this year and monetary policy cannot make up for that, he contends. "Fiscal policy decisions being made are mismatched with timing," i.e., no spending cuts this year, please. [View news story]
    I guess pulling forward productivity through massive borrowing, suppressed interest rates and currency devaluation to pay for 1-2% "growth" is not working at 'cross purposes'..

    geez
    Feb 26 11:05 AM | Likes Like |Link to Comment
  • Consumers are clipping coupons at a higher rate than anytime since the 2007 recession, according to tracking from Coupons.com. The biggest amount of activity has been seen in the food categories (CPB, KRFT, CAG, PEP) of soup, cheese, rice, and pasta - although personal care and beauty items (PG, AVP, EL, UL, CL) are also in focus. [View news story]
    Nothing like state sponsored theft to get your fix in, eh?

    No thanks.
    Feb 25 11:38 AM | 1 Like Like |Link to Comment
  • Consumers are clipping coupons at a higher rate than anytime since the 2007 recession, according to tracking from Coupons.com. The biggest amount of activity has been seen in the food categories (CPB, KRFT, CAG, PEP) of soup, cheese, rice, and pasta - although personal care and beauty items (PG, AVP, EL, UL, CL) are also in focus. [View news story]
    Another sign of a healthy economy..
    Feb 25 11:16 AM | 1 Like Like |Link to Comment
  • "There was this mythology that you could get 90 computers, some Harvard PhDs, and you would turn on your machines and make money." High-frequency trading is falling in on itself, with industry profits expected at just $1.25B this year, off 35% from last year and vs. $4.9B in 2009. Informal data suggests firms are cutting staff and HFT now accounts for 51% of trading, down from 61% three years ago. [View news story]
    HFT is not "trading"...It is skimming off the top and, IMHO, should be considered fraud...It provides NO value to anyone expect to the few that become very wealthy by playing outside of the boundaries of ethical behavior.
    Oct 15 11:46 AM | 5 Likes Like |Link to Comment
  • The Troika has rejected as much as €2B in budget cuts and tax reforms proposed by the Greek government, according to a finance ministry official. "The creditors are fed up with empty promises," says an official close to the Troika. "This time around the cost-cutting must be solid and proven." [View news story]
    wash, rinse and repeat...over and over and over again.
    Oct 2 11:06 AM | Likes Like |Link to Comment
  • The U.S. is headed for an industrial revival, a new Boston Consulting Group report says, driven by lower energy costs, higher labor expenses in competitors such as China and the potential to use idle U.S. port capacity for pushing up exports. "As a result, the U.S. has the potential to increase goods exports by up to $130B by 2020, [and] add 5M jobs to the U.S. economy." [View news story]
    Hogwash.
    Sep 21 10:32 AM | 1 Like Like |Link to Comment
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