Posts in category "Business"

Barnes & Noble: Going out of business?

UPDATE: Here is a story from the Wall Street Journal on the company’s financial situation: Barnes & Noble Inc. BKS +0.37% ’s net loss shrank sharply in its first fiscal quarter, as cost cutting helped offset lower revenue both at the Nook digital unit and at the core retail stores. Meanwhile the company said it was making progress on plans to... Read more »

Jobless rate increases in Illinois; dips in other states

The  jobless rate increases in Illinois while 16 other states were enjoying their lowest unemployment since  the start of the Great Recession. The Bureau of Labor Statistics reported today that Illinois’ seasonally adjusted jobless rate in October, 2013 was 8.9 percent, a rate exceeded only by Michigan, Rhode Island and Nevada.  That 8.9 percent was... Read more »

Time Out Chicago's new owners are idiots for letting Rob Feder go

…for jettisoning (or letting go) columnist Rob Feder.  Time Out Group has purchased Time Out Chicago and one of the casualties is the popular and outstanding media reporter/critic Robert Feder. Reported the Tribune: The deal, valued at a reported $4 million, was struck with Time Out Chicago owner Joe Mansueto, who launched the publication in 2005.... Read more »
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Illinois gun debate's funniest, most insulting or ridiculous 'analogy.' Vote

  Is there a more apt phallic symbol than a gun? Maybe Illinois State Rep. Jim Sacia (R-Freeport) didn’t have that in mind when he said said in House debate that depriving him of his gun is like castrating him. I first thought it was funny, but when you add the rest of the quote, it’s one... Read more »

Illinois rings some GONs and goes deeper in debt

It is amazing that while Illinois is approaching financial disintegration, politicians are devising ever-new ways to borrow and spend. Thus: GONs. GONs (government-owned networks) furnish high-speed Internet connections to schools, offices, research labs, coffee shops, hotels, libraries, homes and so forth in competition with existing, private sector providers like AT&T and Comcast. GONs depend on... Read more »

Barack Obama wins; Illinois company loses $1 million order

There’s one small businessman who had ordered $1 million in earth-moving equipment from Illinois-based Caterpillar Inc., in the hope and expectation that perhaps the economy will turn around. This is a Republican contractor I know who had put aside his dislike of President Barack Obama’s punitive small business policies to place a bet on the... Read more »
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Jack Welch on the Obama administration cooking the job numbers

Is it possible to cook the unemployment numbers to make them look good for President Barack Obama or any other  White House incumbent? Yes. Is it likely? Dunno. But Jack Welch, former GE CEO and business icon has some thoughts in the Wall Street Journal.

Welfare for Hollywood

The studios that want higher taxes also want a special tax credit

Democratic delegates in favor of banning corporate profits

This is a video of delegates to the Democratic National Convention that agreed with the suggestion that corporate profits should be banned or eliminated. This is an astonishing position, even in the Democratic Party, but there it is. The video was made by  Peter Schiff, posing as a anti-corporate activist. So, let’s concede some things: We... Read more »
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The Federal Reserve don't know squat

We keep hearing about the Federal Reserve Bank’s effort to try to end the recession by squeezing interest rates and and other schemes. The latest news about the bank came from Jackson Hole, Wyo., Order my historical novel, “Madness: The War of 1812″ here. where  Fed Chairman Ben Bernanke said  it will do more to boost... Read more »
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