Archive for July 6th, 2010

Vancouver Home Sales Drop 30 Percent , Calgary 42 Percent – First Comes Volume, Then Comes Price; Canada Housing Peak is Finally In

Posted on July 6th, 2010 in Economy | Comments Off

The Globe and Mail reports Vancouver home sales drop sharply.The Real Estate Board of Greater Vancouver reported yesterday that home sales fell 30.2 per cent in June from the inflated levels of a year earlier, and 5.8 per cent from May. New property listings rose 1.2 per cent from May and 32 per cent from a year earlier. The Calgary Real Estate Board, meanwhile, reported sales of single family homes fell 16 per cent in June from May and 42 per cent from June of 2009, while condo sales fell 14 …

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Vancouver Home Sales Drop 30 Percent , Calgary 42 Percent – First Comes Volume, Then Comes Price; Canada Housing Peak is Finally In

An Irish Bernie Madoff – Irish Central

Posted on July 6th, 2010 in Wall Street Scams | Comments Off

An Irish Bernie Madoff Irish Central “The only son of an Irish-American truck driver,” as The Wall Street Journal put it. Quinn attended Catholic grammar schools and eventually moved onto St. …

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An Irish Bernie Madoff – Irish Central

The Craigslist Jobs Indicator

Posted on July 6th, 2010 in Economy | Comments Off

Here is an email from “Taperwood” who has been tracking Craigslist classified ads for the Los Angeles and Seattle areas as a proxy for job openings and business demand. Taperwood writes … Hello Mish The Friday Craigslist Los Angeles and Seattle job listings I track are down considerably over the past month. From the lows of 2009, where they averaged 700-800 in LA and 500′s in Seattle, they spiked to over 1000 in LA and to 800 in Seattle starting around January/February 2010 …

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The Craigslist Jobs Indicator

Services ISM Growth Slows – Jobs, Imports, Export Orders Contract; Manufacturing vs. Services ISM – Which is More Important and Why?

Posted on July 6th, 2010 in Economy | Comments Off

In yet another sign the economy is cooling substantially, three components of the June Services ISM are now in contraction, with the overall index declining much faster than economists expected. From the June 2010 ISM Report On Business

Drug groups boost action on doping

Posted on July 6th, 2010 in Economy | Comments Off

Pharmaceutical companies are to strengthen co-operation with sports authorities to clamp down on the illegal use of medicines to enhance athletes’ performance

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Drug groups boost action on doping

Apple bans apps after iTunes breach

Posted on July 6th, 2010 in Economy | Comments Off

Apple has banned dozens of applications from its iTunes digital store after bogus purchases from hundreds of compromised customer accounts drove the apps to the top of the popularity charts for paid electronic books

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Apple bans apps after iTunes breach

Apple says it pulled fraudulent apps – UPI.com

Posted on July 6th, 2010 in Fraud, Wall Street Scams | Comments Off

Apple says it pulled fraudulent apps UPI.com The number of applications — often called apps — pulled from the store's offerings was not disclosed, The Wall Street Journal reported. … and more

As Economy Jitters Persist, Geithner ‘Confident We’re Going to Continue to Grow’ – NewsHour

Posted on July 6th, 2010 in Economy, Wall Street Scams | Comments Off

As Economy Jitters Persist, Geithner 'Confident We're Going to Continue to Grow' NewsHour Concerns about the economic recovery lingered on Wall Street as the service industry grew at a slower rate than expected last month. … and more

English as spoken by Mickey Mouse

Posted on July 6th, 2010 in Economy | Comments Off

Walt Disney, the US media group, addresses a nascent market need in China for lessons that are both fun and effective with Disney English, a chain of children’s English language schools

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English as spoken by Mickey Mouse

Disney to expand language schools in China

Posted on July 6th, 2010 in Economy | Comments Off

The US media group is set to rapidly expand a schools programme that aims to teach English to 150,000 children a year and deliver earnings of over $100m in the next five years

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Disney to expand language schools in China

Ad Watch: Gun Control – msnbc.com

Posted on July 6th, 2010 in Work From Home Scams | Comments Off

Ad Watch: Gun Control msnbc.com It was a scam . News 4 in Tucson said the information they were trying to sell was available for free, and that the so-called free seminars often cost … and more

In India, workplace etiquette rounds out the coursework

Posted on July 6th, 2010 in Economy, Unemployment News | Comments Off

(From The Washington Post) — They call her India’s Miss Manners, and she is at the heart of a multimillion-dollar industry to make Indian companies more competitive globally by improving their workers’ social skills. Pria Warrick has become the guru of graces for a new generation of call-center techies, chief executives, animation artists, MBAs and Bollywood film stars, all of whom are helping drive India’s rise as a world economic power but sometimes without a certain polish. “Backs straight! Napkins on lap. Great. Class, cut your burger neatly,” Warrick told a class of young Indian professionals, methodically performing fork-and-knife surgery on a McAloo Tikka patty — a spicy potato burger from McDonald’s — as practice for dining in Europe and the United States. Warrick’s school is part of a fast-growing trend in corporate India to remedy what analysts and recruiters call a serious impediment to India’s global economic goals. Although many skilled Indian workers have degrees from top universities, analysts said they are often jaw-droppingly inept at the basics of international workplace etiquette: dressing properly, hosting a meeting, making inoffensive small talk and even using cutlery. Fearing that such deficiencies are hurting India’s leadership potential, companies are spending millions of dollars on corporate finishing school for tens of thousands of workers. In many cases, those workers are products of India’s burgeoning middle classes who are the first generation in their families to enter the nation’s booming and globally minded economy. Read more.

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In India, workplace etiquette rounds out the coursework

Goldman PR Campaign Gets Boost: Firm Seen As Model Of Risk Management – Wall Street Journal (blog)

Posted on July 6th, 2010 in Wall Street Scams | Comments Off

Goldman PR Campaign Gets Boost: Firm Seen As Model Of Risk Management Wall Street Journal (blog) It only goes to show that Wall Street must have a pretty short attention span. Goldman has been thrashed over its tactics in dodging the mortgage market …

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Goldman PR Campaign Gets Boost: Firm Seen As Model Of Risk Management – Wall Street Journal (blog)

Reston-based company sued on fraud charges |

Posted on July 6th, 2010 in Fraud, Scams | Comments Off

Tags: bank of america, billions, citimortgage, counties, countrywide home loans, deprived, dinsfla, fannie mae, foreclosure fraud, fraud charges, Freddie Mac, ginnie mae, lawsuit, MERS, Mortgage Electronic registration Systems …

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Reston-based company sued on fraud charges |

Global investment bank earnings set for steep dip

Posted on July 6th, 2010 in Economy | Comments Off

Global investment banking earnings are expected to drop sharply for the second quarter after brutally tough market conditions saw trading commissions dry up and the market for takeovers and initial public offerings freeze

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Global investment bank earnings set for steep dip

Are The Elderly More Easily Scammed? – Discovery News

Posted on July 6th, 2010 in Scams, Wall Street Scams | Comments Off

Are The Elderly More Easily Scammed? Discovery News Young adults get swindled and scammed all the time, by everyone from Wall Street Ponzi schemers to work-at-home scams to miracle weight loss pills. …

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Are The Elderly More Easily Scammed? – Discovery News

Something’s Bugging Abercrombie – Motley Fool

Posted on July 6th, 2010 in Wall Street Scams | Comments Off

Something's Bugging Abercrombie Motley Fool Interestingly, jetsetter/CEO Mike Jeffries might have had a hard time figuring out what to do; according to The Wall Street Journal, he sent a letter to New … and more

Dangerous liaisons at IBM: Inside the biggest hedge fund insider-trading ring – CNNMoney

Posted on July 6th, 2010 in Wall Street Scams | Comments Off

Dangerous liaisons at IBM: Inside the biggest hedge fund insider-trading ring CNNMoney Then he met Wall Street analyst Danielle Chiesi. Both were consumed by the flames of the Galleon hedge fund scandal. By James Bandler with Doris BurkeJuly 6 … and more

KKR founders sitting on $800m stakes

Posted on July 6th, 2010 in Economy | Comments Off

KKR paid its co-chief executives salaries of $250,000 in 2009. Mr Kravis and Mr Roberts also each received $17.8m for their share of the firm’s profits. Another $4.1m was invested in the firm’s funds on behalf of each of the executives

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KKR founders sitting on $800m stakes

Popular Searches

Mining scam may touch Rs 60000 cr: Cong – Mangalorean.com

Posted on July 6th, 2010 in Work From Home Scams | Comments Off

Mangalorean.com Mining scam may touch Rs 60000 cr: Cong Mangalorean.com Of them, 58 were in 2008, 97 in 2009 and 16 till June 27 this year, Home Minister VS Acharya said in reply to a question from NA Harris (Congress) in the … and more

Republicans Just Screwed Over Millions of Jobless Americans — Why Aren’t They … – AlterNet (blog)

Posted on July 6th, 2010 in Wall Street Scams | Comments Off

Republicans Just Screwed Over Millions of Jobless Americans — Why Aren't They … AlterNet (blog) When it comes to exploiting public anxieties and frustrations, it's about the most cynical scam imaginable, isn't it? The goal is to get the public to throw … and more

Study: 30-something women leave the workplace at an alarming rate

Posted on July 6th, 2010 in Unemployment News | Comments Off

(newsroom.melbourne.edu) Only 38 per cent of Generation X, tertiary qualified women participating in a long-running University of Melbourne study work full-time, compared to 90 per cent of Generation X, tertiary qualified men. The findings are among the latest to emerge from Life Patterns, Australia’s longest running study of the lives of young people. Professor Johanna Wyn, Director of the Melbourne Graduate School of Education’s Youth Research Centre, leads the study. She says Australia’s lack of family-friendly workplace policies is toblame for the low participation rates of highly qualified women in the workforce. “When we started this study in the early 90s, young women who had gained tertiary qualifications were the most likely of any social group to put the highest priority on gaining a career position. “If we fast-forward to 2010, the majority of these same women are no longer participating in the workforce. Indeed, full-time employment for women, 13 years after leaving secondary school, is inversely related to level of educational qualifications. “We have a mis-match between educational and workplace policies. While our young women are encouraged to excel academically, when its time to start a family, there is very little support available from employers and more traditional attitudes to gender roles seem to prevail. So unfortunately, we find our workforce losing huge numbers of talented individuals.” The study shows workplace policies have also taken their toll on the health of Generation X. Comparisons with a similar Canadian study show Australians report much higher levels of poor mental and physical health. Read more.

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Study: 30-something women leave the workplace at an alarming rate

Another UBS Banker Decamps for Moelis – Wall Street Journal (blog)

Posted on July 6th, 2010 in Wall Street Scams | Comments Off

Another UBS Banker Decamps for Moelis Wall Street Journal (blog) … hires has been part of the firm's strategy to lure top names, especially during the financial crisis when bonuses were all but wiped out on Wall Street . … and more

SEC Sues Utah Man in ‘Sandwich in a Can’ Fraud – Wall Street & Technology

Posted on July 6th, 2010 in Fraud, Wall Street Scams | Comments Off

SEC Sues Utah Man in 'Sandwich in a Can' Fraud Wall Street & Technology Sign up for Wall Street & Technology's daily e-mail newsletter to get more news and analysis delivered right to your in-box. and more

Unemployment insurance fraud cost the US $3 billion last year – MLive.com

Posted on July 6th, 2010 in Fraud, Wall Street Scams | Comments Off

MLive.com Unemployment insurance fraud cost the US $3 billion last year MLive.com Unemployment fraud cost the US nearly $3 billion in 2009 according to US Labor Department estimates— double the amount in 2008, reports the Wall Street … and more

Detroit decelerates

Posted on July 6th, 2010 in Economy | Comments Off

US car sales are decelerating just as flattering comparisons drop out of the equation

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Detroit decelerates

Beware ‘IT’ cold call scam – Ballymena Times

Posted on July 6th, 2010 in Work From Home Scams | Comments Off

Beware 'IT' cold call scam Ballymena Times By Staff reporter POLICE are urging local residents to be wary of a possible scam in which bogus 'IT specialists' try to acquire access to a home PC or … What is PCI Compliance Software? Boosh News (press release) (blog) all 2 news articles

Accused con man, Guy de Chimay, claims he can prove he’s Belgian royalty – New York Daily News

Posted on July 6th, 2010 in Wall Street Scams | Comments Off

New York Daily News Accused con man, Guy de Chimay, claims he can prove he's Belgian royalty New York Daily News The former financier – who starred in a 2006 TV documentary ” Wall Street Warriors” – is charged with bilking friends, investors and the family of his …

8d00590ca56.jpg Accused con man, Guy de Chimay, claims he can prove hes Belgian royalty   New York Daily News

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Accused con man, Guy de Chimay, claims he can prove he’s Belgian royalty – New York Daily News

Congress fixes Wall Street – and orders up 68 studies – CNNMoney

Posted on July 6th, 2010 in Economy, Wall Street Scams | Comments Off

Congress fixes Wall Street – and orders up 68 studies CNNMoney The Wall Street reform bill may be the most extreme example: The legislation, which could become law later this month, orders government officials to … and more

Illinois Construction Workers Make $50-68 Hour, Strike for 15% more

Posted on July 6th, 2010 in Economy | Comments Off

Illinois construction workers live in fantasy land of business-as-usual. They are demanding 15% pay hikes when everyone of them ought to be fired with their jobs outsourced to the cheapest non-union shop. Please consider Construction Workers Go On Strike. Here in the Chicago area the highway construction workers went on strike….the reason they want a 5% raise each year over the next three year contract…..to cover the cost of increase healthcare cost! The current salary for …

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Illinois Construction Workers Make $50-68 Hour, Strike for 15% more

Former or Current BP Employees Who Have Just Sustained Huge Losses in Their … – Earthtimes (press release)

Posted on July 6th, 2010 in Fraud, Wall Street Scams | Comments Off

Former or Current BP Employees Who Have Just Sustained Huge Losses in Their … Earthtimes (press release) The Wall Street Fraud Watchdog is attempting to assist all current, or former BP employees, who have just seen the value of their 401 K cut in half, … and more

‘Grandparent scam" fleeces Inglewood woman of $40000 – Daily Breeze

Posted on July 6th, 2010 in Scams, Work From Home Scams | Comments Off

'Grandparent scam ” fleeces Inglewood woman of $40000 Daily Breeze These scams work , she said, because the victims tend to be trusting and are targeted at their most vulnerable spot – love for their family. …

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‘Grandparent scam" fleeces Inglewood woman of $40000 – Daily Breeze

PRESS DIGEST – Wall Street Journal – July 6 – London South East

Posted on July 6th, 2010 in Wall Street Scams | Comments Off

PRESS DIGEST – Wall Street Journal – July 6 London South East July 6 (Reuters) – The following were the top stories in The Wall Street Journal on Tuesday. Reuters has not verified these stories and does not vouch for … Wall Street Journal Top Online Stories: Tue 7/06/10 Newsroom America all 2 news articles

Broke author looks on the bright side – Milwaukee Journal Sentinel

Posted on July 6th, 2010 in Work From Home Scams | Comments Off

Broke author looks on the bright side Milwaukee Journal Sentinel The scam , of course, pales in comparison to the multibillion-dollar Ponzi scheme orchestrated by Bernie Madoff. “I'm a plumber's daughter from the west side … and more