Archive for July 8th, 2010

Greece Needs Ronald Reagan’s PATCO Play

Posted on July 8th, 2010 in Economy | Comments Off

Greek public unions, upset over austerity measures and benefit reductions, have once again gone on strike (their favorite pastime). This go around, air traffic has been delayed and 89 flights were canceled and another 109 rescheduled, stranding tourists. In response, the Greek government is offering to pay costs incurred by travelers affected by the strikes. The Guardian discusses the situation in detail in Strike-hit Greece vows help for tourists.Greece’s promise to recompense tourists …

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Greece Needs Ronald Reagan’s PATCO Play

Chrysler launches drive for customers

Posted on July 8th, 2010 in Economy | Comments Off

Detroit’s smallest carmaker unleashes a fresh barrage of discounts and other incentives, potentially reigniting a battle among automobile companies for sales in the US market

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Chrysler launches drive for customers

Air Products raises hostile bid for rival

Posted on July 8th, 2010 in Economy | Comments Off

US industrial gases company increases its cash offer for Airgas to $63.50 a share in a move to firm up shareholder support ahead of a key vote

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Air Products raises hostile bid for rival

Google confident of China licence renewal

Posted on July 8th, 2010 in Economy | Comments Off

Eric Schmidt, Google chief executive, has predicted that the Chinese government will renew his company’s licence, a move that would allow it to continue operating in the world’s biggest internet market

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Google confident of China licence renewal

Anecdotes from Germany regarding ‘Kurzarbeit’ (Part-Time for Economic Reasons)

Posted on July 8th, 2010 in Economy | Comments Off

Here is an interesting email from “Klaus” in response to Economists Surprised Again as German Factory Orders Unexpectedly FallHey Mish, I have a German friend visit whose family owns a small manufacturing company that makes the machinery to clean and refurbish commercial concrete forms. This is his story: a few years ago business was steady and they had about 12 employees. They didn’t really see any slowdown in 2008. Moreover, 2009 was a bit of a boom year and they staffed up to …

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Anecdotes from Germany regarding ‘Kurzarbeit’ (Part-Time for Economic Reasons)

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Alleged tree-scammer’s bail now $100000 – Denver Post

Posted on July 8th, 2010 in Fraud, Work From Home Scams | Comments Off

Alleged tree-scammer's bail now $100000 Denver Post His most recent residence is Guthrie, Okla., where records show he has been arrested on home -repair fraud, burglary, domestic abuse and weapons charges. … and more

Hulu eyes launching global pay platform

Posted on July 8th, 2010 in Economy | Comments Off

Hulu, the online video service, plans to launch a subscription service internationally following the recent US release of the service that has attracted thousands of subscribers

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Hulu eyes launching global pay platform

Carlyle buys landmark London properties

Posted on July 8th, 2010 in Economy | Comments Off

Carlyle, the private equity group, has completed a £671m acquisition of central London properties

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Carlyle buys landmark London properties

Patchy spending paints mixed US retail picture

Posted on July 8th, 2010 in Economy | Comments Off

Consumer spending at large department stores in June was relatively strong, but sales at other store chains in the US remained patchy and uncertain

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Patchy spending paints mixed US retail picture

Geithner and Summers: Candidates for the McChrystal Treatment – Before It’s News

Posted on July 8th, 2010 in Wall Street Scams | Comments Off

Geithner and Summers: Candidates for the McChrystal Treatment Before It’s News The Wall Street hustlers were made whole, but not so the people whose home mortgages the banks are foreclosing, or businesses and their customers looking … and more

Following Yesterday’s Hype of Fastest Growth in 4 Years, June Retail Sales a "Mixed Bag"

Posted on July 8th, 2010 in Economy | Comments Off

The Wall Street Journal reports Retailers Turn in a Mixed Bag for June Sales.U.S. retailers reported mixed results for June, with some stores benefiting from aggressive promotions and others hurt by consumers’ continued restrained spending. Retailers from department stores to teen retailers responded to limited demand with increased markdowns. Big sales during June are common as retailers try to clear shelves for fall merchandise, especially back-to-school apparel. But a number of analysts …

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Following Yesterday’s Hype of Fastest Growth in 4 Years, June Retail Sales a "Mixed Bag"

Former NIR Group Analyst Accused of Securities Fraud – Forbes (blog)

Posted on July 8th, 2010 in Fraud, Wall Street Scams | Comments Off

Former NIR Group Analyst Accused of Securities Fraud Forbes (blog) The Wall Street Journal reported a few months ago that federal investigators were questioning individuals close to the firm about an alleged kickback scheme … and more

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Paulson’s flagship funds hit by volatility

Posted on July 8th, 2010 in Economy | Comments Off

John Paulson – one of the world’s most prominent hedge fund managers – has suffered a second consecutive month of steep losses for his flagship hedge funds, most of which are heavily geared towards a recovery in the US economy

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Paulson’s flagship funds hit by volatility

EADS offers solo US tanker bid

Posted on July 8th, 2010 in Economy | Comments Off

EADS said that it was moving its 150 strong programme team to Mobile, Alabama where it plans to build the tankers, in order to be ready to work on the contact should it win

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EADS offers solo US tanker bid

Internet scam costs Darien woman over $4000 – Darien Times

Posted on July 8th, 2010 in Work From Home Scams | Comments Off

Internet scam costs Darien woman over $4000 Darien Times A few weeks ago, the 45-year-old resident of Hoyt Street signed up online to work from home for a company called “Secret Shoppers. …

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Internet scam costs Darien woman over $4000 – Darien Times

Goldman Smackdown: Dick Bove Vs. Meredith Whitney – Wall Street Journal (blog)

Posted on July 8th, 2010 in Wall Street Scams | Comments Off

Goldman Smackdown: Dick Bove Vs. Meredith Whitney Wall Street Journal (blog) Both analysts are known for saturating the media with their provocative views on banks and Wall Street . Whitney and Bove frequently move stocks with their … and more

Better Business Bureau Issues Door-to-Door Sales Scam Alert – FOX 40 News WICZ TV

Posted on July 8th, 2010 in Scams, Work From Home Scams | Comments Off

WIVB Better Business Bureau Issues Door-to-Door Sales Scam Alert FOX 40 News WICZ TV “I have contracts to guarantee my work but forgot them …” or “I'm available today for a special price to …” Since there are several versions of the home … Job scams still abound, ready to trap the unwary News Sentinel Guest Essay: Contractors are ready to take advantage of storm victims River Forest Leaves Online Car Dealer Scam : One Scammer Uses Hazard, Kentucky Address LEX18 Lexington KY News all 27 news articles

Scam Contractors – WRGB

Posted on July 8th, 2010 in Work From Home Scams | Comments Off

Scam Contractors WRGB The home itself was so small. The work was just awful. He also buried hazardous materials in my front yard.” says Bullis. While all this was going on, … and more

Rio Tinto confirms Mongolian mine interest

Posted on July 8th, 2010 in Economy | Comments Off

The mining group plans to swap its shares in Ivanhoe Mines for a direct stake in Mongolia’s Oyu Tolgoi copper and gold project, which is 66% owned by the Canadian miner

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Rio Tinto confirms Mongolian mine interest

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Leonardo DiCaprio May Reteam With Ridley Scott On Wall Street Movie – MTV.com

Posted on July 8th, 2010 in Wall Street Scams | Comments Off

MTV.com Leonardo DiCaprio May Reteam With Ridley Scott On Wall Street Movie MTV.com Long in the works 'Wolf of Wall Street ' adaptation would be produced by Martin Scorsese. By Eric Ditzian Leonardo DiCaprio and Martin Scorsese had been … DiCaprio and Scott stalking The Wolf of Wall Street ? Awards Daily (blog) Ridley Scott and Leonardo DiCaprio looking to team on The Wolf of Wall Street Flix 66 (blog) Ridley Scott and Leonardo DiCaprio Could Re-Team for 'The Wolf of Wall Street ' /FILM (blog) Movies.ie

Galleon Group Late to the Party in Financial Sector Scandals – Associated Content

Posted on July 8th, 2010 in Fraud, Wall Street Scams | Comments Off

Swissinfo Galleon Group Late to the Party in Financial Sector Scandals Associated Content Wall Street analyst Danielle Chiesi has been accused of, and is pleading not guilty to, securities fraud and conspiracy charges in the Galleon hedge fund … Dangerous liaisons at IBM: Inside the biggest hedge fund insider-trading ring CNNMoney Sordid tale: The IBM exec and the hedge fund analyst FierceFinance Trading Inside Information was Like an Orgasm for Danielle Chiesi VedicSutra eNews (blog) all 41 news articles

Nathan Vardi is an associate editor at Forbes – Forbes (blog)

Posted on July 8th, 2010 in Fraud, Wall Street Scams | Comments Off

Nathan Vardi is an associate editor at Forbes Forbes (blog) The Wall Street Journal reported a few months ago that federal investigators were questioning individuals close to the firm about an alleged kickback scheme … and more

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Former SEC Lawyer Comes Up With A Genius Excuse For Fraud And Escapes 20 Years – The Business Insider

Posted on July 8th, 2010 in Fraud, Wall Street Scams | Comments Off

The Business Insider Former SEC Lawyer Comes Up With A Genius Excuse For Fraud And Escapes 20 Years The Business Insider … self-loathing suicidal alcoholic,” says the Wall Street Journal. He was just too drunk to realize that he was participating in a fraud . … and more

Total moves into Canada oil sands

Posted on July 8th, 2010 in Economy | Comments Off

France’s Total is further expanding its interests in the Alberta oil sands with an agreed C$1.15bn ($1bn) bid for UTS Energy of Calgary

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Total moves into Canada oil sands

Editorial: Dying to know the truth – Business Mirror

Posted on July 8th, 2010 in Work From Home Scams | Comments Off

Editorial: Dying to know the truth Business Mirror In the case of the fertilizer scam that has festered for six years, it can also kill, given the number of bodies scattered about on the nation's agonizing … and more

Hot Air » Shocker: Yet another Obama “green economy” fail

Posted on July 8th, 2010 in Economy, Scams | Comments Off

Hilarity doesn’t exactly ensue, as the White House discovered when it attempted to exploit Fannie Mae and Freddie Mac to carry paper for its home-energy improvement program, part of Barack Obama’s “green economy” strategy. …. THAT is attorney Obama’s résumé specialty, pinstripe crime that rips off PUBLIC TAX FUNDED programs through legal corruption, à la Obama’s “community organizing” Altgeld Gardens scam that put ALL the tax funds designated for restoring public …

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Hot Air » Shocker: Yet another Obama “green economy” fail

Guest Essay: Contractors are ready to take advantage of storm victims – River Forest Leaves

Posted on July 8th, 2010 in Work From Home Scams | Comments Off

Guest Essay: Contractors are ready to take advantage of storm victims River Forest Leaves State law requires a written contract with all costs enumerated for home repair or remodeling work over $1000. • Prices are often high in the immediate … Online Car Dealer Scam : One Scammer Uses Hazard, Kentucky Address LEX18 Lexington KY News all 14 news articles

They’re still hot now, but now even more convenient – News & Observer

Posted on July 8th, 2010 in Fraud, Wall Street Scams | Comments Off

News & Observer They're still hot now, but now even more convenient News & Observer … including an accounting fraud scandal and other management missteps. Krispy Kreme's stock became a Wall Street darling a decade ago, reaching $50 a … and more

GM to sell steering unit to Chinese group

Posted on July 8th, 2010 in Economy | Comments Off

The US carmaker has agreed to sell Michigan-based Nexteer Automotive to Pacific Century Motors, a joint venture backed by the Beijing government

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GM to sell steering unit to Chinese group

Shared Sacrifice Illinois Style – 40,000 Union Workers Get 14% Pay Raises, Governor Quinn Gives Raises Averaging 11.4% to 35 Staff Members

Posted on July 8th, 2010 in Economy | Comments Off

I am in favor of the concept of shared sacrifice. Unfortunately, Illinois stretches the boundary as to the meaning of the term. For example, please note Illinois Governor Pat Quinn Gave Raises Averaging 11.4% to 35 Staff Members.Illinois Gov. Pat Quinn has handed out raises — some of more than 20 percent — to his staff while proclaiming a message of “shared sacrifice” and planning spending cuts of $1.4 billion because the state is awash in debt. The Democrat has given 43 salary …

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Shared Sacrifice Illinois Style – 40,000 Union Workers Get 14% Pay Raises, Governor Quinn Gives Raises Averaging 11.4% to 35 Staff Members

State stocks up on Wall Street gains – NewsOK.com

Posted on July 8th, 2010 in Wall Street Scams | Comments Off

State stocks up on Wall Street gains NewsOK.com BY AP Leave a comment Stocks of several Oklahoma-based companies got a boost from Wall Street's gains on Wednesday. Free Guide. Free Practice Account. …

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State stocks up on Wall Street gains – NewsOK.com