(November 29th, 2006 under Fun Stuff )
In this day of “truthiness” as described by Stephen Cobert, here is a tale about a woman who pretends to be a member of the United States Congress. She has references on the web so that if one “googles” her, it will appear that she is legitimate, but she is not. “The tales [...]
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(November 27th, 2006 under Automobile Industry )
GM exec’s are on the move to cut costs in as many ways as possible. Some of those are obvious, such as their recent decision to leave the mini-van market. [Here is a link to that article: http://www.detnews.com/apps/pbcs.dll/article?AID=/20061122/AUTO01/611220416/1148 ] Other decisions are less obvious, like one recently announced to consolidate its shrinking [...]
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(November 21st, 2006 under Economic News )
A California state appellate court reversed a ruling that Bank of America illegally raided customers’ Social Security benefits to pay fees. The original ruling could have cost Bank of America $1.6B.
In 2004, a jury awarded class action plaintiffs $296.7 million in compensatory damages and restitution and a potential $1.3 billion of further damages.
The plaintiffs [...]
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(November 16th, 2006 under Economic News )
Tarrant County reports over 12,000 home foreclosures this year. This is a 17 percent increase over the same time period in 2005. This is the fourth month in a row that the number of foreclosures has been over 1,000.
“In all, there were 12,155 homes foreclosed on during the past 12 months, a 17 [...]
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(November 15th, 2006 under Economic News )
US Airways announced today that it would make a cash and stock offer of $8 billion to buy Delta Airlines. Delta is currently in bankruptcy protection. This offer would give unsecured creditors approximately $4 billion in cash and 78.5 million in stock. This offer would require approval by the U.S. Bankruptcy [...]
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(November 13th, 2006 under Fun Stuff )
In a recent decision, a Massachusetts state court judge ruled that a burrito is not a sandwich.
The Panera Bread Co., a national bakery and caf? chain with over 900 locations, operated a caf? in the White City Shopping Center in Shrewsbury, Mass. Panera had a clause in its lease that prevented the [...]
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(November 8th, 2006 under Fun Stuff )
It appears that it is now unsafe even to enter into the most natural of current day American pastime, the drunken bar dance. Megan Zacher is now suing Calico Jack’s Cantina, at 42nd St. and Second Ave. for injuries suffered when she fell off of the bar while dancing in the “Shake it Like [...]
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(November 8th, 2006 under Economic News )
This month China will have $1 trillion in foreign exchange reserves. This is a result of “China’s success as an exporter to the world.” China has invested most of its reserves in long-term US Treasury bonds. This investment ties the U.S. economy to China.
“China’s trade surplus, the difference between the amount it [...]
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