June 27th, 2007
Berkshire Hathaway chairman suggests greater taxes for private equity firm managers and super rich to presidential hopeful.
NEW YORK (CNNMoney.com) — Presidential hopeful Hillary Rodham Clinton was all ears at a fundraiser Tuesday evening when famed billionaire investor Warren Buffett suggested ramping up the tax code on big businesses and the super rich.
The Berkshire Hathaway (Charts, Fortune 500) chairman touched on a variety of issues in a question and answer session with Clinton, including his disdain for private equity firm power brokers.
“The people that earn their living doing that should be subject to taxes that reflect their labors,” he said in the gathering at a hotel in midtown Manhattan. Read the rest of this entry »
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June 24th, 2007
WASHINGTON — Grandma stuffing money under the mattress isn’t the only one living outside the banking system.
As many as 28 million people in the United States are forgoing traditional financial institutions because of mistrust, cultural and language barriers or a belief that by the time all the bills are paid there will be nothing left for an account.
That can be expensive and risky. People can run up big fees to cash checks, pay bills and meet their other financial needs. Walking around with large amounts of cash can make them a target for thieves. Read the rest of this entry »
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June 12th, 2007
A health inspector noticed rodent droppings Monday. A contractor laid out glue traps and caught six by Tuesday morning. An employee called the health department to report the mice and says her bosses fired her.
Raleigh, NC — Health inspectors closed a Pizza Hut restaurant in east Raleigh after a worker found live mice inside it. The employee who notified the health department about the mice says she was fired for reporting the problem. Read the rest of this entry »
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June 9th, 2007
It’s called “Piggybacking” and, like the childhood game, it involves getting a lift. Only with this piggyback ride, it’s your credit that’s getting a boost.
Repairing bad credit is only a click away through a service called Credit Piggybacking. Through sites like instantcreditbuilders.com, you can buy established lines of credit with years of payment history. Read the rest of this entry »
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June 3rd, 2007
Illegal immigrants who worked long shifts scrubbing theme restaurants for an indicted janitorial firm have signed their names to a lawsuit seeking unpaid wages.
Some of the plaintiffs were rounded up in federal workplace raids in February and deported before receiving their final paychecks, the suit charges. Others said they worked 80- or 100-hour weeks without earning overtime pay or even the prevailing minimum wage.
“People should be aware of the kinds of exploitative situations that are happening out there, in particular with immigrant workers,” said lawyer Nadia Hewka of Community Legal Services in Philadelphia, who helped file the federal suit. “Someone who worked 80 hours a week should get paid fairly for those hours, no matter their immigration status.” Read the rest of this entry »
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May 23rd, 2007
Birth-Control Pill Meant to Put Stop to Women’s Monthly Periods Indefinitely Wins FDA Approval
WASHINGTON (AP) — The first birth-control pill meant to put a stop to women’s monthly periods indefinitely won federal approval Tuesday. Called Lybrel, it’s the first such pill to receive Food and Drug Administration approval for continuous use. When taken daily, the pill can halt women’s menstrual periods indefinitely and prevent pregnancies. Read the rest of this entry »
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April 21st, 2007
Russian businessmen whose names appeared on the Forbes list say the magazine overestimated their wealth / Image from GettyImages
Businessmen who made the Forbes list of Russia’s 100 richest people are not at all happy that the magazine decided to publish their names and to disclose the size of their personal fortunes. They say that it is now unfashionable and even dangerous to be a “public billionaire”. Read the rest of this entry »
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April 18th, 2007
*Several Kongo Gumi workers, early 20th century.*
What entrepreneurs starting family businesses can learn from the demise of Japanese temple builder Kongo Gumi
The world’s oldest continuously operating family business ended its impressive run last year. Japanese temple builder Kongo Gumi, in operation under the founders’ descendants since 578, succumbed to excess debt and an unfavorable business climate in 2006. Read the rest of this entry »
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April 4th, 2007
A pensioner aged 102 has been granted a 25-year mortgage despite the fact he would have to live until 127 to pay the loan back.
The property investor from East Sussex has taken out an interest-only £200,000 mortgage and hopes to meet the £958 monthly repayments with income from rent as he joins a growing army of retired people hoping to cash in on buy-to-let schemes. Read the rest of this entry »
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April 2nd, 2007
1. Lateness
Everyone has days when the bus breaks down, the washing machine packs up, or the alarm doesn’t go off. The problem is that some people have those days Monday through Friday. But what really cheeses off your boss is your lame excuse. “It shows you don’t care,” says Louis Halpern, CEO at advertising agency Halpern Cowan. “Why they can’t just tell you that they find it hard to get out of bed and be done with it I don’t know. It really makes me furious.” Read the rest of this entry »
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