Chicago Tribune:
Microsoft Corp. said on Thursday it would cut up to 18,000 jobs, or about 14 percent of its workforce, as it halves the size of its recent Nokia acquisition and trims down other operations.Another data point for Rise of the Machines.
The company said it would take a pre-tax charge of $1.1 billion to $1.6 billion for the costs of the layoffs during the next four quarters.
The restructuring will be the biggest in Microsoft history, topping the 5,800 jobs cut in 2009.
Microsoft shares were up nearly 3 percent in premarket trading, to $45.37 a share.
It takes a special kind of asshole to send you mail to discuss the fact that you asked not to be sent mail.
... by luring children to be smuggled by human traffickers.
Even the palace guard NBC News is reporting it.
What did I tell you people about incentives?
Even the palace guard NBC News is reporting it.
What did I tell you people about incentives?
... on CNBC, on the tax code, corporate welfare, free markets, Main Street vs. Wall Street, and the Fed.
There are signs that some of the victory was due to Democrat crossover voters, whether they responded to his message of freedom or just to mischievously "get Cantor." Hey, democracy's a bitch. And Brat has a populist, anti-corporate welfare message that could appeal to a lot of Democrats and independents.
There are signs that some of the victory was due to Democrat crossover voters, whether they responded to his message of freedom or just to mischievously "get Cantor." Hey, democracy's a bitch. And Brat has a populist, anti-corporate welfare message that could appeal to a lot of Democrats and independents.
A Facebook friend, a socialist American expat living in Switzerland, posted on Facebook:
It was externally-imposed reparation debt that set the stage for the stagnation and inflation that gave rise to the Nazis in the 1930's. When will they ever learn?
I tremble on the eve of WWIII as I watch the ingredients of this terrible recipe mix as if by invisible hand. Alas there is no invisible hand for war - merely ignorance and hatred that spread when vigilance is forgotten in the pursuit of selfish materialism. Or was it the pursuit of tolerance? I am grimly in accordance with the statement that Golden Dawn is using Democracy to end Democracy. How could their rise have been tolerated? How could this be happening in Europe AGAIN?... linking to this story:
In an explosive political climate, where popular rage is at boiling point nearly five years into the country's worst crisis in living memory, the politics of hate so embodied by Golden Dawn is becoming increasingly pervasive. "Who cares if six million Jews were exterminated?" asked the businessman back at the cafe, in a shocking endorsement of that reality. "I don't care if they were turned into soap. What I care about is the salary I have lost, the never-ending taxes I am forced to pay, the criminals who rule this country, the anger I carry inside."In the words of Bob Marley, "A hungry mob is an angry mob." EU debt slavery is choking Greece. They should have defaulted and gone back to the drachma, but their politicians are doing the bidding of the Euro banksters. So you get what we had here last week... which is the way he wants it... well, he gets it.
It was externally-imposed reparation debt that set the stage for the stagnation and inflation that gave rise to the Nazis in the 1930's. When will they ever learn?
Believe it or not, Jim Cramer, the buffoon of CNBC's Mad Money afternoon stock market show for idiots, often carries on intelligent conversations in CNBC's morning hours.
Here's Cramer discussing why this morning's ADP payroll report was so bad despite business being good.
We've known about this phenomenon for years.
Two points:
1) Obamacare creates a strong incentive not to hire (remember incentives?)
2) Rise of the Machines
Here's Cramer discussing why this morning's ADP payroll report was so bad despite business being good.
We've known about this phenomenon for years.
Two points:
1) Obamacare creates a strong incentive not to hire (remember incentives?)
2) Rise of the Machines
Back in 2008-09 we used to regularly observe Bank Failure Friday. Hundreds of banks got themselves in trouble by extending too much credit to questionable borrowers. As soon as the value of the collateral (homes, commercial buildings, etc.) started falling, the banks were toast.
But who could possibly manage a bank so badly in an era of massive money-printing from the Fed and rising asset values? If a borrower defaults on a loan, you just seize the collateral, which is worth a lot more now than it was a few years ago when you made the loan.
Nevertheless, a few bankers are still finding ways to blow up a bank even in the most forgiving imaginable environment. Yesterday brought back Bank Failure Friday for the ninth time this year.
Short clip. Critical issue. Please watch and share.
In the aftermath of the Mt. Gox debacle, Bitcoin spent a month trading remarkably steadily in the low-to-mid $400 range.
Until now. The last few days it has been steadily marching upward to the $540 range. Gotta love a chart like this.
Until now. The last few days it has been steadily marching upward to the $540 range. Gotta love a chart like this.
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| Chart courtesy of bitcoincharts. |
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