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03.01.14

Finance Update: Bitcoin, the War on the Poor, AstroTurf by the Rich, and More

Posted in Finance at 8:35 am by Dr. Roy Schestowitz

Bitcoin

US

  • Could Wal-Mart Be the Next Giant Failure in Retail?

    What’s worth keeping an eye on is whether the Sam’s Club layoffs are a symptom of much larger problems at Wal-Mart. The company has been a giant of retail for decades, but there are signs that its reign is coming to an end.

  • The Business Plan Of Wal-Mart Revealed

    Wal-Mart (WMT) reported today and by now, most people who follow the stock are aware of the highlights: EPS before special items, at $1.60, beat estimates by a penny; revenues fell short of estimates; same-store sales and traffic fell.

  • New York abandons plan to clear subways of sleeping homeless people

    A plan to clear homeless people from New York City subway trains in a pre-dawn Monday operation by police and transportation officials was abandoned amid pressure from campaigners.

    Dozens of homeless men and women sleeping on the seats of E line trains as they rolled into the World Trade Center terminal in the early hours were left alone, despite warnings that they would be asked to leave so cars could be cleaned.

    “It was postponed,” Kevin Ortiz, a spokesman for the Metropolitan Transportation Authority, told the Guardian. “We decided not to go ahead. I can’t give you a specific reason why it was postponed. But it may well take place in the future”.

  • Angry Residents Wave Pitchforks, Torches In Protest Of Mayor’s Crackdown On Homelessness

    A group of fired-up activists in Portland, Ore., who were tired of seeing homeless people being mistreated staged the kind of protest that will be difficult for the mayor to ignore.

  • Robert Reich: WhatsApp is everything wrong with the U.S. economy

    The instant messaging service connects millions, but its record-breaking sale won’t generate new jobs

  • America’s “We” Problem

    America’s wealthy increasingly inhabit a different country from the one “they” inhabit, and America’s less fortunate seem as foreign as do the needy inhabitants of another country.

    The first step in widening the sphere of “we” is to break down the barriers — not just of race, but also, increasingly, of class, and of geographical segregation by income — that are pushing “we Americans” further and further apart.

UK

Central Europe

AstroTurf

  • A Portrait of Time Warner’s Active Role in ALEC

    Records obtained in 2011 from the office of Ohio Rep. John Adams, the ALEC public sector chair for the state, show how he worked closely with ALEC’s Ohio private sector chair, Time Warner Cable lobbyist Ed Kozelek, to raise funds for the national ALEC meeting held in Cincinnati in April 2011.

  • Simpson-Bowles anti-debt group is—pause to laugh—deeply in debt

    The gig is up for the everyone’s favorite deficit fetishists, Simpson and Bowles. It starts great with the headline: Anti-debt group finds itself in red.

  • Anti-debt group finds itself in red

    A year and a half after launching with much fanfare, a group affiliated with fiscal watchdogs Erskine Bowles and former Sen. Alan Simpson is nearly broke.

Misc.

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