The Chief Executive Officer of Abercrombie and Fitch, Mike Jeffries, made some comments concerning the company’s business model which have our friends on the left very, very upset: Abercrombie & Fitch CEO Explains Why He Hates Fat Chicks By Sean Levinson \ May 3, 2013 Anyone who’s been to Abercrombie & Fitch in the last [...]
Archive of posts filed under the Business category.
Why is job creation so slow?
Here’s one reason; from THE WALL STREET JOURNAL: Eateries Fear Health Law’s Bite Franchisees Try to Stay Below Insurance Threshold; White Castle Slows Its Expansion By JULIE JARGON Some restaurant operators are scaling back expansion plans because of uncertainty about the expense of insuring employees under the new federal health-care law. The concerns are especially [...]
Economics 101: Trying to guess the unemployment number Updated! 7.5%
First came the report from ADP, with a hat tip to Patterico: ADP reports 119K private job gains in April By Paul Davidson, USA TODAY3:13 p.m. EDT May 1, 2013 Businesses added 119,000 jobs in March, payroll processor ADP said Wednesday, below economists’ expectations. Job growth picked up from the prior month but remained mired [...]
Giving people a chance, paying off in business
I’m back at work from my doctor’s appointment, and while I don’t want to name my doctor online, I do want to compliment his office. On my last visit, I noticed that his office had hire a woman with a deformed hand; today I saw that another one of the office clerks had lost part [...]
Economics 101: Hostess arises from the ashes, and goes non-union
At THE FIRST STREET JOURNAL, we paid some attention to the demise of Hostess Brands. Now comes this, from Sister Toldjah: New maker of Twinkies: Non-union workers will be used to restart plants Posted by: ST on April 24, 2013 at 7:03 pm Let the OUTRAGE!!!!!!! begin: The company that bought the Twinkie, HoHo and [...]
A Tale of Two Car Companies
From THE WALL STREET JOURNAL: How the Wheels Came Off for Fisker Untested Electric-Car Firm Was Ripe for the Times; U.S. Loans Saddled It With Factory Never Used By Yuliya Chernova and Mike Ramsey | Updated April 24, 2013, 4:09 a.m. ET For a few months in 2012, Bruce Simon, the chief executive of gourmet [...]
Sovereign Bank and it’s terrible phone system
If I were the President of Sovereign Bank, I would immediately rip out the entire fornicating telephone system. I have been trying to call their residential mortgage department and I cannot get a living human being on the telephone! Their computer and voice mail system just won’t give you any options to speak to a [...]
The morning guesstimates Updated
From THE WALL STREET JOURNAL: Jobless Data May Throw Market a Curve Given Opening Day has just passed, the phrase “spring slump” conjures up thoughts of a struggling baseball team. In the context of economics, though, it is the fear a resurgent economy and stock market will follow last year’s disappointing seasonal pattern. Even after [...]
The prognostications of economists
THE FIRST STREET JOURNAL is as much an economics blog as a political one, and your Editor pays a lot more attention to economics than a lot of other political bloggers. From THE WALL STREET JOURNAL: Job Market Remains U.S. Economy’s Wild Card By BEN CASSELMAN As the U.S. economy picks up steam, the job [...]
I told you so
From THE WALL STREET JOURNAL: Health Insurers Warn on Premiums By Anna Wilde Mathews and Louise Radnofsky Health insurers are privately warning brokers that premiums for many individuals and small businesses could increase sharply next year because of the health-care overhaul law, with the nation’s biggest firm projecting that rates could more than double for [...]
