Business, Culture, Writing, and Other Stuff
Why is everyone surprised when the banking bailout turns into a catastrophic failure? The AP is shocked, shocked I tell you that executives are still holding on to their jobs after the bailout (see AP: 9 in 10 execs at bailout banks remain on job). What did the AP think was going to happen to [...]
Businesses fail. Since when do only certain companies get the bailout option (see Future Uncertain for Fannie, Freddie)? Over the past year, homeowners have increasingly defaulted on mortgages, which has led to billions of dollars in losses for the pair of government-sponsored enterprises. That trend has also been one of the leading culprits in the [...]
A new study (like one of those doesn't pop up every day) shows that ten percent of the world's population has actually spent money online. "We wanted to know how far the Internet had gone beyond the simple exchange of information and were extremely surprised," said Bhawani Singh, managing director of consumer research at ACNielsen [...]
It appears that Krispy Kreme's approach to growth still continues to backfire. Krispy Kreme Doughnuts Inc. shares dived as much as 15% Monday after the retailer said that it purchased equity it didn't already own in a Philadelphia franchisee that had filed for bankruptcy protection and owed the company $24.1 million. …. The company has [...]
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