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Business/Economy (General/Chat)

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  • America's poorest county: Proud Appalachians ... in region where 40% fall below poverty line

    04/24/2012 6:36:46 AM PDT · by Daffynition · 64 replies
    DailyMail ^ | 23 April 2012 | Daily Mail Reporter
    It was a county formed 19 years before the Civil War. But in the towns lying between borders in Owsley, in the coal fields of eastern Kentucky, a portrait of Americans shows a community that appears frozen in time, where many still live without water or electricity. According to the 2010 U.S. Census, the Appalachian county has the lowest median household income in the states - a staggering 41.5 per cent of residents falling below the poverty line.
  • Mexicans Living in U.S. Illegally Drops for First Time: Study

    04/23/2012 9:15:57 PM PDT · by nickcarraway · 15 replies
    NBC San Diego ^ | Monday, Apr 23, 2012
    Apprehensions of Mexicans trying to cross the border illegally have plummeted by more than 70% in recent years The number of Mexican immigrants living illegally in the U.S. has dropped significantly for the first time in decades a new study suggests. The figures represent a dramatic shift as many illegal workers, already in the U.S. and seeing few job opportunities, are returning to Mexico. The analysis of census data from the U.S. and Mexican governments finds that roughly 6.1 million unauthorized Mexican immigrants were living in the U.S. last year. That's down from a peak of nearly 7 million in...
  • Driver sues NASCAR, claims he was excluded from diversity program for being ‘too Caucasian’

    04/23/2012 5:33:55 PM PDT · by Olog-hai · 15 replies
    SportingNews ^ | 04/19/2012 | Bob Pockrass
    An aspiring stock-car driver is suing NASCAR, claiming he was denied the opportunity to compete in NASCAR’s diversity program because he looks “too Caucasian.” NASCAR argues that in trying to change the “face” of the sport, it has the right to select drivers for its diversity program based on skin color, attorneys for the sanctioning body and its former diversity program administrators have told a U.S. District court. Michael Rodriguez, a driver from Pennsylvania, says in his complaint filed in U.S. District Court that he was denied the opportunity to compete in the 2005 and 2006 Drive For Diversity combines....
  • Where to watch the SpaceX launch to the International Space Station

    04/23/2012 5:14:32 PM PDT · by KevinDavis · 42 replies
    Orlando Sentinel ^ | 04/23/12 | Richard Tribou
    It's not a trip to the moon. It's not even manned spaceflight. But it is a rocket launch from Cape Canaveral, and it's not insignificant. So if you want a front-row seat to witness one giant leap for private business, then you'll want to make your way over to Cape Canaveral for the launch of the SpaceX Falcon 9 rocket and its Dragon spacecraft.
  • Private space mogul wants to skip the moon and go right to Mars

    04/23/2012 5:00:08 PM PDT · by KevinDavis · 12 replies ^ | 04/23/12 | Matthew Jackson
    SpaceX CEO Elon Musk is an ambitious guy. He's the one who said he can get commercial flights to Mars up and running a decade or so from now, but what about humanity's return to the moon? Well, if you ask Musk, the moon's little more than old news. Musk has been making the rounds to talk up his company a lot these days as part of the lead-up to a (hopefully) historic SpaceX launch next week. On April 30 the company will launch an unmanned Dragon capsule to dock with the International Space Station. If it succeeds, the mission...
  • Freep a Poll! (Do you favor the "Buffet Rule", adding tax surcharge to millionaires?)

    04/23/2012 3:19:22 PM PDT · by dynachrome · 18 replies ^ | 4-23-12 | Kipplinger
    President Obama favors the so-called Buffet Rule, which would impose a tax surcharge on people with gross adjusted income over $1 million, eventually reaching 30 percent..What do you think? Agree Disagree Not sure
  • Europe's woes spilling over to U.S.

    04/23/2012 3:03:06 PM PDT · by Signalman · 7 replies
    CNNMoney ^ | 4/23/2012 | Paul La Monica
    NEW YORK (CNNMoney) -- Referring to the European debt crisis with the cutesy shorthand acronym of the PIIGS just doesn't seem right anymore. The problems on the continent now go far beyond the southern peripheral nations of Portugal, Italy, Greece and Spain (with Ireland up north tossed in for good measure.) Political instability in France and The Netherlands are making investors even more nervous. And they should be -- especially since Europe's woes are starting to spill across the Atlantic. Several U.S. firms that reported their latest quarterly results Monday morning specifically cited weakness in Europe as a major problem....
  • Chinese company names sunglasses line after Helen Keller

    04/23/2012 1:42:08 PM PDT · by Responsibility2nd · 18 replies
    San Antonio Express News ^ | 04/23/2012 | Chris Quinn
      In what’s becoming the norm, another foreign company has blundered to new lows in a branding  campaign that defies logic.Fashion company, Xiamen Jinzhi Industry Development Co. Ltd., has launched a new line of sunglasses called Helen Keller.The story reports that the company intended to honor her “philanthropist spirit,” but it just comes across as crass.And the slogan, “You see the world, the world sees you,” is another gem of marketing genius.
  • Calxeda gears up for server ARM race--( EnergyCore Processors )

    04/23/2012 12:29:41 PM PDT · by Ernest_at_the_Beach · 5 replies
    The Register ^ | 16th November 2010 05:00 GMT | Timothy Prickett Morgan
    SC10 The secretive ARM server startup formerly known as Smooth-Stone and now called Calxeda is coming out a bit today at the SC10 supercomputer trade show in New Orleans. But don't get too excited. The company is not talking about specific chip or server designs based on the ARM RISC architecture, but rather giving potential customers in the HPC world and in the general purpose server racket the design goals it has set for its initial products. Calxeda is a fake name, and one that Barry Evans, the founder of Smooth-Stone had to change because someone else owns that name....
  • Stocks drop 1% on China, Europe fears (DJIA down 140)

    04/23/2012 9:53:49 AM PDT · by Signalman · 7 replies
    CNNMoney ^ | 4/23/2012 | Maureen Farrell
    NEW YORK (CNNMoney) -- U.S. stocks fell 1% Monday as investors grew concerned about European political uncertainty and another sign of a slowdown in the Chinese economy. France's prime minister Nicolas Sarkozy came in second place in the first round of presidential elections Sunday, and on Monday, Dutch Prime Minister Mark Rutte resigned. That combined with a slowdown in China's manufacturing was enough to unnerve investors at the start of what will be a busy week on the economic and earnings front. "The events over the weekend re-ignited concerns that the European community is going to have trouble working out...
  • Upholding the Rule of Law in Season and out of Season

    04/22/2012 6:17:17 AM PDT · by Lonesome in Massachussets
    Library of Law and Liberty ^ | April 20, 2012 | Todd Zywicki
    One common assertion arising from the onset and resolution of the 2008 financial crisis is the belief that it proves the purported need and propriety of the government acting in a swift and discretionary manner and not have its hands tied by the constraints of the rule of law. Yet a close examination of the most recent crisis as well as those of the past reveals the exact opposite truth: adherence to the rule of law is actually more important during periods of economic crisis, both to restore short-term economic prosperity during the crisis as well as for the long-term...
  • World's most expensive coffee is processed through a cat (Yes, you read that correctly)

    04/21/2012 8:22:39 PM PDT · by Stoat · 82 replies
    KOMO / KATU ^ | April 21, 2012 | Kerry Tomlinson
    PORTLAND, Ore. - This coffee can cost as much as $700 a pound and $80 a cup, and it is processed through the digestive system of a cat. It's said to be the most expensive coffee in the world and it was served up Friday at the International Coffee Expo in Northeast Portland. An Indonesian company brews it here as it is done in cafes in Jakarta.  "It is very delicious, very smooth and so luxurious," said Valerie Sindal, director of sales and marketing for ValBeMar Specialty Coffee. Coffee cherries are eaten by Civet cats, processed through their digestive...
  • Aviva Sacks More Than 1,300 Workers by Mistake

    04/21/2012 4:24:34 PM PDT · by nickcarraway · 15 replies
    The Telegraph ^ | 20 Apr 2012 | Anna White
    The latest board shake-up at Aviva is radical, but not as radical as sacking its entire workforce by email. More than 1,300 workers at Aviva Investors, the insurer's asset management arm, were shocked on Friday to receive an exit email from the HR department. There was a stunned silence at the London headquarters as staff across the division read the unsympathetic memo - intended for just one employee. It instructed all Aviva Investor workers to hand over company property and security passes on their way out of the building, and submit all electronic passwords. The terse communication reminded staff not...
  • "You are required by U.S. Law to respond to this survey"

    04/21/2012 10:54:33 AM PDT · by pabianice · 76 replies
    US Government Department of Thuggery | 4/21/12
    Several weeks ago I received a letter addressed to "Resident." Inside was a 28-page American Community Survey form in which I was supposed to reveal to the government every detail about my life. Today, "Resident" received it again along with a threatening letter requiring me to complete the survey. I intend to chuck this one, too. Has anyone else had this experience?
  • Leaked Oreo Ad Shows Breastfeeding Baby Holding Cookie (Libtards wetting their pants alert)

    04/21/2012 7:04:12 AM PDT · by Zakeet · 57 replies
    CBS News ^ | April 20, 2012
    Kraft Foods is attempting to clean up the mess made by the accidental release of a controversial Oreo advertisement that features a breastfeeding baby. The ad shows a baby feeding from an uncensored breast and holding an Oreo cookie in its hand. “Milk’s favorite cookie,” it reads at the bottom. A spokesperson from Kraft told CBS St. Louis that the ad was not intended for mass public consumption. “We’d like to clarify that Kraft Foods did not create this visual,” a spokesperson said in a statement via e-mail. ... “It was never intended for public distribution or use with...
  • What exactly is 'Hand Shredded A$$ Meat'? A new dictionary for Chinese restaurants may tell you

    04/21/2012 6:17:31 AM PDT · by Ready4Freddy · 41 replies
    NBC News ^ | 4/21/2012 | Bo Gu
    BEIJING – Overseas tourists often find the menus here befuddling, for good reason. After all, what Westerner has experience with foods like these? “Cowboy leg,” “Hand-shredded ass meat,” “Red-burned lion head,” “Strange flavor noodles,” “Blow-up flatfish with no result,” or “Tofu made by woman with freckles.” As proud as the Chinese people are of their thousands of years of gastronomic culture, even a Chinese native can feel disoriented when going to another province, given all the different styles of cooking. Many of the food names, often unique to different provinces, get lost in translation, especially in booming cities starting to...
  • Rarest Penny Auction Tops $1 Million

    04/20/2012 9:34:25 PM PDT · by nickcarraway · 5 replies
    ABC News ^ | Apr 19, 2012 | Jennifer Abbey
    A 1792 Silver Center penny is being auctioned off Thursday night and online bidding is already at $1.15 million, according to Heritage Auctions. The penny is one of the first coins struck at the U.S. Mint, according to Todd Imhof of Heritage Auctions. It is one of only 14 known surviving silver-center cent pieces. It is made of copper with a small silver plug in the center. The Silver Center pieces were an experiment made in 1792 when the newly created U.S. Mint had specific requirements for the size and weight of pennies, Imhof said. Silver was placed in the...
  • “Math Education: An Inconvenient Truth” Reaches 1,000,000 Views

    04/20/2012 4:27:02 PM PDT · by BruceDeitrickPrice · 56 replies ^ | April 20, 2012 | Bruce Deitrick Price
    Here’s some good news. M. J. McDermott’s wonderful video about why Americans don’t know math has exceeded 1,000,000 views. This is one of the best videos about education on the web. If you haven’t viewed it, please do. Running time is about 15 minutes. In this video, McDermott explains the flaws in so-called Reform Math, which was introduced to the country around 1985. Reform Math actually consists of more than a dozen separate but basically identical curricula. As fast as a community figures out that one of these things is bad, the so-called experts introduce another. These experts are diabolically...
  • Is anyone else really enjoying the Lowes' TV Commercials? Good art!! (chat)

    04/20/2012 12:57:43 PM PDT · by Mamzelle · 12 replies
    tv | 4 20 12 | Mamzelle
    I was dazzled with the first CGI commercial that showed a wife and husband drawing lines on their walls and the lines turning (with CGI magic) into fabulous home improvements. I just saw a CGI with Mr. and Mrs. Cardinal fixing up their bird house, then one with Family Squirrel solving their overflow acorn storage problem. Hey. Everything doesn't have to be doom and gloom. Seems like there's better art in commercials than on the shows themselves.
  • AMD Piledriver Chips to Conquer 4GHz Milestone Thanks to Resonant Clock Mesh Tech.,( Coming soon)

    04/20/2012 10:56:17 AM PDT · by Ernest_at_the_Beach · 9 replies ^ | 02/22/2012 08:54 PM | Anton Shilov
    AMD Implements Resonant Clocking Tech to Boost Piledriver's Clock-Speed to Over 4GHzAdvanced Micro Devices disclosed at the International Solid-State Circuits Conference (ISSCC) that in order to increase clock-speeds of its forthcoming microprocessors based on Piledriver micro-architecture, it will use a new resonant clock mesh technology developed by Cyclos Semiconductor. The new tech allows to cut power consumption by 10%, or boost clock-speed by 10% without inrease of TDP. AMD’s x86-64 core code-named “Piledriver” with 4GHz and higher clock-speeds employs resonant clocking to reduce clock distribution power up to 24% while maintaining the low clock-skew target required by high-performance processors. Fabricated...