Loren C. Steffy's Blog, page 67
October 5, 2011
Planned job cuts hit two-year high as government pares military
U.S. employers are planning to cut almost 116,000 jobs this month, the deepest planned cuts in two years, according to the latest report by the outplacement firm Challenger, Gray & Christmas. The job cuts for September are more than double than the number announced in August and reflect growing austerity measures in Washington. Government job [...]
October 4, 2011
Another Fannie Mae faux pas
Fannie Mae, the government-owned mortgage basket case, can add complicity to its long list of failings at the advent of the mortgage crisis. The financing firm knew as early as 2003 that law firms it hired to handle foreclosures were engaging in abusive practices such as filing false pleadings in bankruptcy courts, but it did [...]
October 3, 2011
AmeriFam: the middle class solution to a tough economy
Don't get mad, incorporate. The Daily Show with Jon Stewart Get More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook
Survey: Small businesses say regulation isn't the problem
When I talk to small business owners, the most common concern I hear them discuss isn't regulation or taxes, it's a lack of demand. They worry that there simply aren't enough customers buying their products, and they don't see any sign that demand will pick up anytime soon. As I've pointed out before, that's supported [...]
September 30, 2011
Bank of America steps up its fee-for-all (Updated)
Bank of America has fired a new volley in the big banks' war on customers. The country's largest bank said it will begin charging a $5 monthly fee for customers who make purchases with their debit cards. The fees will kick in next year, and they will apply to all cards that are used at [...]
Bank of America steps up its fee-for-all
Bank of America has fired a new volley in the big banks' war on customers. The country's largest bank said it will begin charging a $5 monthly fee for customers who make purchases with their debit cards. The fees will kick in next year, and they will apply to all cards that are used at [...]
September 29, 2011
Southwest CEO: 717s will be phased out because of fuel costs (updated with video)
The 717, which has fewer seats than the 737, works well for short-haul flights, but the higher fuel prices go, the more customers get priced out of short-haul markets, he said.
"Fuel affects the viability of some of the smaller markets," he said, adding that using a smaller plane simply isn't cost effective these days.
"Fuel affects the viability of some of the smaller markets," he said, adding that using a smaller plane simply isn't cost effective these days.
September 28, 2011
Amazon lights Fire, Apple yawns
While the Fire is supposed to change the tablet game, Apple investors don't seem too worried that customers will burn with a desire for the new device.
Bass Pro fishing for taxpayer cash?
Cities who fund these programs often say that stores like Bass Pro aren't simply retail outlets, they're "tourist destinations," as if that justifies ladling taxpayer money on them. It's nothing more than PR spin to make government handouts seem more palpable.
September 26, 2011
More headwinds for United/Continental merger
Pilots for United Airlines have asked a judge in New York to delay the carrier's efforts to revise its operating procedures as it combines with Continental Airlines. The pilots claim that training related to the carrier's application for a certificate from the Federal Aviation Administration to operate the two airlines as one is inadequate. The [...]
