The latest unemployment numbers are astonishingly bad as over 500,000 people have stopped looking for jobs, 88,000 have only been added to the employment rolls and unemployment is up to 7.6% nationwide.
Although the employment figures were expected to be much better than those unfortunately what actually happened is something that could affect the US economy in a very bad way as many people have just plain given up looking for work.
President Obama’s plan to increase the amount of available Continue reading 500,000 Stop Looking For Jobs and Unemployment Rate Worsens
Lots of movement and activity in the sports world and with Robinson Cano of the New York Yankees canning Scott Boras and replacing him with Jay-z, the music icon and sports agent. The news surprised many and comes with Cano about to negotiate a new multi-year contract with the Yankees that should top 100 Million Dollars.
Darrius Heyward-Bey, the underachieving receiver, signed a one year deal that could max out at 3 Million Dollars with the Indianapolis Colts. The deal only guarantees about half that Continue reading Robinson Cano Hires Jay Z; Plaxico Burris More Troubles
Dell, the most prolific manufacturers of computers in the USA, is kicking around how to go private in a 274 page filing with the Securities and Exchange Commission (SEC). The acquisition would be a whopping 24.4 Billion Dollar Deal and is the largest of it’s kind just ahead of Berkshire Hathaway’s acquisition of Heinz.
With sales in the computer industry slowing and the trend for computer sales not expected to pick up, Dell has been fighting tooth and nail for an ever decreasing market share. The offer to go private, financed by Chief Executive and Founder Michael Dell along with Silver Lake Partners is actually Continue reading Computer Giant Dell to Go Private?
Home ownership restrictions are now in place in China to help curb what could be a property market bubble situation. Fearing a problem with home prices increasing too quickly, Beijing put a limit on single people to only own one home in their local areas as well as increasing the required down payment for second homes for all people. Shanghai is also planning on raising interest rates for second home buyers in addition to Continue reading China Fears Property Market Bubble
The tale of two conglomerates going in different directions showed up in drastic salary adjustments for 2 CEOs. While Larry Merlo, the CEO of CVS Drug Stores, got a 44% increase to 20.3 million dollars a year, the beleaguered CEO of Sears, Louis D’Ambrosio took a hit to the tune of a 90% pay cut down to $1.3 Million per filings with the Security and Exchange Commission (SEC). Sears lost close to 500 Million Dollars Continue reading CVS and Sears Both Adjust Chief Executive Officers Pay
Starbucks is not officially in the agriculture business. A recent purchase in Costa Rica has Starbucks, The Seattle based Mega coffee company, now the owner of 600 beautiful acres of farmland they can use to test coffee growing methods.
Sitting as high as 5,500 feet above sea level and as low as 3,600 feet, the elevation variations in the land will give Starbucks some research to see how the different elevations would affect the growth of various coffee varieties. Starbucks also plans to share the research with other farmers so as to improve the entire coffee industry which is part of the solid business model of Starbucks.
Typically properties of that size, in that region, would sell in Continue reading Starbucks Buys Coffee Farm in Costa Rica
The Social Network Giant, Facebook, is changing so quickly that face booking with friends could require that one get some kind of daily newsletter outlining the “do’s and don’ts”, the “used to’s” and the “now cans”.
What once was an App makers playground is now becoming an Continue reading Facebooking Apps Dealing with Changing Times
Things are flipping back the other way it the housing market as sales of homes are on the up tick as well as housing pricing. After a six plus year down market, the real estate industry is now reversing course and prices of homes are going up, up, up.
Real Estate markets such as Atlanta, Orlando, and Phoenix are setting the pace with housing values looking very strong as well as cities such as Dallas, Oakland and even Detroit. Detroit housing prices have been depressed for a significant time and down serious numbers but the home of the Auto Industry is now beginning Continue reading The Real Estate Market and Housing Prices are Making a Strong Rebound