Category Archives: Business

People try to put us down

I’ve rarely been happier with my generation than after reading this article from The Wall Street Journal. The paper interviewed a cross-section of corporate America’s human resource experts, asking them for their impressions of the rising workforce. The interviewees expressed uniform concern that Generation Y feels an undeserved sense of entitlement. “These outspoken young people […]

Search engine agnosticism

When I first heard that Rupert Murdoch was going to block search engines from indexing his news sites (Wall Street Journal, FOX News, and more) I thought it was an interesting idea. Possibly brilliant. Blocking all search engines could very well destroy most of the traffic to his sites, or it might make fans start […]

Is Apple An A-hole?

News came out over the weekend about a patent Apple filed in regards to technology that “displays advertising on almost anything that has a screen of some kind: computers, phones, televisions, media players, game devices and other consumer electronics.” (NYT) As the NYT states, the technology wouldn’t be an annoying pop up but “the technology […]

Rant of the year: Wall Street’s never had it better

Be warned: This dude drops a lot of F bombs, so it might not be safe for work:

Republicans side with defense contractors over raped women

Read more at the Huffington Post, including Jon Stewart’s take on the controversy. Update: Looks like a Democrat might get in the game of protecting rapists at defense contractors:

You wont be retiring

Growing up I thought I understood the strategy of retirement. I couldn’t count on Social Security benefits getting me through my golden years. So, once I entered the workforce I would need to invest a significant percentage of my income in stocks and bonds through a 401(k) or other kind of tax shelter. Well, Time magazine […]

Five ways banks rip you off

Careless consumers share the blame for forking over $24 billion to banks in overdraft fees last year, but, as the NY Times points out, bank policies encourage these penalties. (If you have over drafted with Wachovia/Wells Fargo, call customer service and ask them to waive your fees.) Since 45% of U.S. banks rely on these […]

Fight Wachovia overdraft fees

Last year, American banks collected $24 billion from their customers in overdraft fees – up 35% from 2007. About 51 million Americans overdrew their accounts, incurring penalties averaging $34 per transaction. Financial analysts expect these numbers to increase for 2009. Without the money they raked in from overdraft penalties, 45% of U.S. banks would not […]

Government insurance for banks but not humans

As I was listening to the NPR this morning, they mentioned that the FDIC (Federal Deposit Insurance Corporation) was basically broke from having to clean up after so many bank failures around the country. The FDIC is a government run insurance company that banks pay fees to each year to insure their customers accounts for […]

Masters of the Universe

I cast one long Marxist gaze at this New York Times article, and I found the universe aligned with Karl’s historical straight edge.

In the opening paragraph, the writers explain that Obama wants the financial industry to accept new government regulations aimed at preventing a repeat crisis. The president’s push follows recent news that the financial Masters of the Universe have changed their ways precious little since last September, when their uber-Capitalist greed deflated the nation’s economy.