Falling oil’s next victim: banks
“If you’re a small bank in Texas or North Dakota, the risk goes well beyond drilling for oil or gas. You funded the mobile homes that workers live in, the…
Tag: rights
Opinion: EU must end austerity and restructure debt
The current strategy is clearly not working. The lower and middle classes are carrying the burden. We’ve regained competitiveness only by depressing domestic demand and increasing unemployment. Austerity has exacerbated…
Meet the vigilante who hacks jihadists
“You are hosting fajer.info… which provides material support (inc mobile apps) to #ISIS terrorists,” he warned, identifying a specific computer server. At 9:19 p.m., Jester followed up with his signature…
Charlie Hebdo co-founder: Prophet cartoons went too far
The magazine’s so-called “survivors’ issue,” published Wednesday, expressed appreciation for the outpouring of public support after the January 7 attack. The support continues, with sellouts at newsstands across Paris on…
In year of ‘Selma,’ critics blast Oscars for all-white Best Actor field
Backlash from fans and critics was fervent. “It’s a movie about blacks being shut out of society. … And now we’re shut out of Hollywood,” Al Sharpton told the New…
Lashings, beheadings: Saudi’s ‘cherished’ justice system
Twenty-five year old Lujain al-Hathloula Saudi holding a valid UAE driver’s licensedrives from Abu Dhabi to Saudi Arabia’s border and attempts to cross on November 30 as a form of…
Most Americans feel they are falling behind
Even though the unemployment rate has dropped to its lowest level since mid-2008, Americans are still finding it challenging to land a job. That’s particularly true among those age 50…
Holiday hangover: Best Buy dives 15%
Related: Target shuts down in Canada Fleeting holiday cheer: Some investors are hopping off that treadmill. Best Buy’s shares plummeted 15% Thursday morning, knocking them into the red for the…
Will Bitcoin ever rebound?
But is it fair to focus on Bitcoin’s price as a measure of failure or success? This is a currency after all. Related: Bitcoin was one of the tech failures…
Why the new Cold War matters
Related: Russia is buying weapons – a lot of them So too is cutting off ties, refusing to engage, reaching for sticks and forgetting the carrots, and writing into law…
Texas: The boom-and-bust oil capital of America
Walker, now co-owner of oilfield services company Frontier Services, learned to keep cash on hand and avoid loading up on debt to pay for equipment. “I may have to get…
Despite condemnations, brisk sales for Charlie Hebdo
Related: Charlie Hebdo sells for hundreds of dollars on eBay The cover of this week’s issue, a depiction of a tearful Prophet Mohammed holding a “Je Suis Charlie” sign, has…
Xiaomi’s new phone wants to be an iPhone killer
Other products launched Thursday included headphones, and a tiny set top box. The privately-owned company is known in China for its cheap phones and ardent fans. The devices — which…
Blockbuster ‘Lego Movie’ snubbed by Oscars
The films that were nominated over “Lego Movie” were “Big Hero 6,” “The Boxtrolls,” “How to Train Your Dragon 2,” “Song of the Sea,” and “The Tale of The Princess…
Warning: Bond rates are going negative
Switzerland isn’t alone in going negative. The yield on short-term government bonds of Belgium, Denmark, France, Germany, Japan, and the Netherlands are all sub-zero. Even short duration U.S. bond rates…
Uniqlo owner promises to clean up its factories
“Respecting human rights and ensuring appropriate working conditions for the workers of our production partners are top priorities for Fast Retailing, and in this we are completely aligned with SACOM,”…
Woe Canada! Many U.S. retailers fail up north
Antony Karabus, CEO of HRC Advisory, a retail consulting firm in Toronto, said some of these American retail chains expanded too aggressively. In some cases, there just simply wasn’t a…
The new Charlie Hebdo is on sale in Paris
The initial plan called for 3 million copies to be distributed in France and other countries, a fifty-fold increase from Charlie Hebdo’s typical weekly circulation of 60,000. But the new…
Stop this stock market ride! I want to get off!
Oil prices actually stabilized on Wednesday. But the large drop in crude that started last fall and has continued into 2015 has definitely been one reason why traders have been…
3 red flags causing the market to panic
2. Keep an eye on copper’s dramatic fall: One growing global worry is the steep decline in copper, which is used in many products and is often viewed as good…
25-year-old Doritos contestant could earn $1 million from $80 ad
Spoiler Alert: In the ad, a dancer is so revved up on Doritos chips that he picks up his partner for a beautiful aerial dance move. That’s when he slips…
Cheap oil can be good for stock market
The stock market shrugged off the turmoil in oil as well. The S&P 500 rose nearly 15% in 1986 and the Dow gained about 23%even though crude prices plummeted more…
ECJ on OMT clears ECB for QE. WTF?
Related: Europe will print money, it’s just a matter of time Assuming a new Greek government doesn’t turn back time later this month, the challenge now is how to save…
The best blood test you’ll ever take
But Inside Tracker found some other issues in my blood test. For instance, I had no idea that I have very low testosterone (insert joke here). Related: Aetna raises its…
Why India has the cheapest flights on Earth
Yet as with many sectors in India, optimism is creeping in around the edges. Funds from foreign investors have provided a boost, and analysts hope that newly-elected Prime Minister Narendra…
Wall Street weakness: JPMorgan Chase disappoints
It was not all bad news though. Dimon touted strong results from JPMorgan Chase’s consumer and community banking, mortgage banking and credit card units. During a conference call with reporters,…
RadioShack may be preparing for bankruptcy
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved.
America has about 5 million job openings. We’re ‘near normal’
Buzz about new jobs: There’s also anecdotal evidence that more Americans are getting jobs. A popular trend on photo-sharing site Instagram is to take a photo of yourself on your…
Apple’s new security feature not good enough
“It is amazing how much access one can get,” she said, pointing out what happens if someone breaks into a person’s iMessage. “Imagine that a hacker gained credentials of someone…
‘Devastating erosion’ of taxpayer services at IRS
End result: the IRS is unlikely to answer even half the calls it receives and those callers who do get through will experience long waits, Olson said. What’s more, the…