Archive for the ‘Business’ Category
Sign petition to keep wall street bailout debts off our plates!
Wednesday, September 24th, 2008
Much like the Patriot act, one of the most unjust and and insidious pieces of legislation is about to get railroaded through congress right under the noses of the American people. The proposed Wall Street bailout tailored by Treasury secretary Henry Paulson and the Bush administration is good for “Wall Street” but devastating for “Main Street”.
In the latest Rasmussen poll, only 7% of the America supports a bailout of Wall Street, and when there are already financial experts and professors stating that this bailout is unnecessary, this attempted robbery of the American people cannot go unchecked. Please sign the petition over at Public Citizen. Take 3 minutes out of your day to have your voice heard.
If this bailout act passes it is tantamount to making almost every American citizen a slave. Here’s an idea… Why don’t we try what Sweden did in the early 1990s to save their insolvent banking system?
Tags: Bailout, Bush administration, Capitalism, Financial Crisis, Henry Paulson, Patriot Act, Rasmussen Poll, Sweden, Treasury secretary, Tyranny, Wall Street
Posted in Business, Crime, Finance, Government, Law, Liberty, Politics |
Posted in Business, Crime, Finance, Government, Law, Liberty, Politics |
CEO is beaten to death by dismissed employees
Monday, September 22nd, 2008
The Chief Executive Officer of a company in India was beaten to death by a group of dismissed employees inside the offices after a company meeting was adjourned. From NDTV.com:
L K Chaudhury, the CEO of Gradiano in Udyog Vihar of Greater Noida, was killed when the agitating workers turned violent and beat him up, Senior Superintendent of Police (Noida) R K Chaturvedi told a news agency.
As the clash erupted, Chaturvedi said, a security guard opened fire in air.
About 20 people were injured in the clashes. Chaudhury was rushed to Kailash hospital where he was declared brought dead.
No golden parachutes there. Looks like India is handing out golden gloves instead…
Tags: beaten, CEO, golden gloves, golden parachute, India, Nioda
Posted in Bizarre, Business, World |
Posted in Bizarre, Business, World |
No payouts for the CEOs of Fannie and Freddy
Monday, September 15th, 2008
weee!
In so many corporate failures the CEOs “jump ship” with bulging moneybags leaving the rest of the people to deal with sinking ship. Well in a twist of shocking great news, the federal government is deciding to apply some semblance of justice to the colossal failure of the CEOs of Fannie Mae and Freddie Mac. From the Washington Post:
The Federal Housing Finance Agency (FHFA), the regulator that seized control of the mortgage giants last weekend and removed their chief executives, declined yesterday to specify what the executives would lose. Former Fannie Mae chief executive Daniel Mudd and former Freddie Mac chief executive Richard Syron together were eligible to receive as much as $25 million, according to outside compensation consultants who last week reviewed the companies’ financial disclosures.
“The Federal Housing Finance Agency notified [Mudd and Syron] that ‘golden parachute’ payments contemplated under their contracts would not be paid,” the agency said in a statement.
A spokesman for Syron declined to comment, and the Washington lawyer representing Mudd, Robert B. Barnett, did not return a phone call or e-mail.
The disgraced executives will still walk away with millions in severance but not nearly the amount that was in their contracts.
Tags: Daniel Mudd, Fannie Mae, FHFA, Freddie Mac, golden parachute, Richard Syron
Posted in Business, Finance, Law |
Posted in Business, Finance, Law |
Jim Cramer predicted the financial collapse a year ago!
Monday, September 15th, 2008All heed the words from the maniacal Jim Cramer (of CNBC fame)!! This prophetic broadcast from one year ago where he lost his ever lovin mind screaming that Ben Bernanke had no idea what was happening in the markets and foretold the impending financial collapse that is unfolding in front of our eyes.
In addition to calling Bernanke out, he screeches at the top of his lungs about Bear and Stearns and Washington Mutual, with B&S having gone the way of the dodo and WaMu sinking fast. Anohter interesting prediction, “7 million people will lose their homes!”
Maybe we should put this guy in charge of some stuff… seems to be better than the people running things now.
Tags: Ben Bernanke, CNBC, Financial collapse. Bear and Stearns, Jim Cramer, Washington Mutual
Posted in Business, Finance, Law, TV |
Posted in Business, Finance, Law, TV |
What the???
Friday, August 22nd, 2008
I can only provide the link, there is no introduction or preface to this site you are about to see…
Can you Digg it?
Saturday, July 26th, 2008
Surprisingly, it seems like the Google and Digg merger is abruptly over. Inside sources say it was the “personality mismatch” and walked away from the table leaving Digg with no deal.
From Techcrunch:
“Two sources close to the companies suggested that some issue that came up during technical due diligence was to blame. One source said that the issue was more personality driven, and that Google decided after spending more time with Digg’s top team that there just wasn’t a fit.
Either way the deal appears to dead and can be added to the long list of failed Digg acquisition deals. And when a company is “left at the altar” other buyers are usually hesitant to step in.”
Accusations of censoring and questionable behavior have plagued Digg.com as of late.
Hero bank clerk exposes rich tax evaders
Thursday, July 17th, 2008
From ABC:
“Hundreds of super-rich American tax cheats have, in effect, turned themselves in to the IRS after a bank computer technician in the tiny European country of Liechtenstein came forward with the names of US citizens who had set up secret accounts there, according to Washington lawyers investigating the scheme.”
Allegedly, bank clerk named Heinrich Kieber sold CD ROMs containing names and data to tax authorities to 12 countries including Germany, Great Britain, France, Italy and the United States.
This Buds NOT for you!
Monday, July 14th, 2008
AMERICA FOR SALE!
Anheuser-Busch (NYSE: BUD), the last remaining U.S. owned major brewery has been sold to InBev (Euronext: INB), a group out of Belgium. This agreement to combine the two companies, will form the world’s leading global brewer.
With the weakening U.S. dollar, this may just be the first of many foreign aquisitions of american corporations.
