Author Archive
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U.S. Job Seekers Exceed Openings by Record Ratio
The New York Times, The New York Times | September 27th, 2009 at 7:14 am
Despite signs that the economy has resumed growing, unemployed Americans now confront a job market that is bleaker than ever in the current recession, and employment prospects are still getting worse.
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Can Amazon Be Wal-Mart of the Web?
The New York Times, The New York Times | September 20th, 2009 at 10:14 am THE hum of 102 rooftop air conditioners and a chorus of beeping electric carts provide the acoustic backdrop in Amazon.com’s 605,000-square-foot distribution facility on this city’s west side. But the center’s employees can almost always hear Terry Jones.
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Big Spenders? They Wish
The New York Times, The New York Times | September 13th, 2009 at 3:45 am ONE afternoon in November 2006, a policeman spotted an expired license plate on Dorothy Thomas’s 10-year-old Toyota Corolla as she drove through San Jose, Calif. He ordered her to pull over.
Struggling under the weight of thousands of dollars in credit card bills, Ms. Thomas was perpetually short of cash. She had not bought a $10 auto registration sticker. The officer checked his database and recognized that she had already been ticketed once before for the same thing. He arranged to have her car towed away.
“I got down on my knees and begged that officer,” Ms. Thomas recalled.
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What the Stress Tests Didn’t Predict
The New York Times, The New York Times | August 22nd, 2009 at 10:17 am FINANCIAL stocks have more than doubled from their March 2009 lows. And with autumn — generally a rocky season for the markets — fast approaching, it’s a good time for a reality check on the banking sector. The goal: to determine whether fundamentals in the industry support the rocket-fueled surge in bank shares.
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Wal-Mart’s Revenue Falls 1.4%
The New York Times, The New York Times | August 13th, 2009 at 7:37 am Wal-Mart, the nation’s largest retailer and one of the best performing chains during the recession, reported a profit on Thursday that was essentially the same as last year.
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Paulson’s Calls to Goldman Tested Ethics During Crisis
The New York Times, The New York Times | August 8th, 2009 at 11:17 am Before he became President George W. Bush’s Treasury secretary in 2006, Henry M. Paulson Jr. agreed to hold himself to a higher ethical standard than his predecessors. He not only sold all his holdings in Goldman Sachs, the investment bank he had run, but also specifically said that he would avoid any substantive interaction with Goldman executives for his entire term unless he first obtained an ethics waiver from the government.
