Category: Business
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Jim Rogers: Worry About 2013, Panic About 2014
If you don’t know Jim Rogers you should. I first heard about him maybe 15 or so years ago. I was riding my Harley around and someone gave me Jim’s book, Investment Biker. It’s a great read and for several months I wanted to grow-up to be Jim Rogers. Also interesting, from Wikipedia: In December…
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You’d Be A Fool To Hold Anything But Cash Now
David Stockman was Reagan’s budget director and quit because he thought there was too much deficit spending. Then he went to Blackstone and really learned the pro’s and con’s of using debt to make things happen. Q: How do investors protect themselves? What about the stock market? A: I wouldn’t touch the stock market with…
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High Gas Prices Raise Airline Ticket Costs
“[R]ising jet fuel costs put significant cost pressure on the airline industry,” Steve Lott, vice present of communications for Airlines for America told CBSDC. “Regarding fuel, it was the airline industry’s largest expense in 2011, representing 35 percent of total costs. In 2011, the price of jet fuel reached a record high of $3.00 per…
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GM (Temporarily) Laying off 1300 Due to Low Volt Sales
General Motors Co. announced the temporary suspension of Chevrolet Volt production and the layoffs of 1300 employees, as the company is cutting Volt manufacturing to meet lower-than-expected demand for the electric cars. “Even with sales up in February over January, we are still seeking to align our production with demand,” GM spokesman Chris Lee said.…
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Businesses Get the Old Yes No on the G-8/NATO Summits
Well which is it? Mayor Rahm Emanuel was asked Thursday whether businesses located within the inner-most security perimeter will have a process to recover lost profits incurred during the May 19-21 events at McCormick Place. “The [NATO and G-8] Host Committee is working on it. They’ll have a process for that,” he answered. ……
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Workers Occupy Goose Island Plant
A group of about 65 workers who occupied a Goose Island window factory in 2008 have once again locked themselves inside the plant in a desperate move to save their jobs. California-based Serious Energy said Thursday it is closing the plant’s doors and consolidating operations in Colorado and Pennsylvania. via Chicago Tribune. This is not good…
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It’s Not All Bad
It’s important that every once in awhile we remind ourselves that aside from all the corruption, the parking tickets, the traffic, and the weather (generally but what happened to winter this year?) and the massive debt that the Machine has thrust upon us and our children that Chicago totally rocks for business. [LevelUp founder Seth]…
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American And Canadian Homeowners
We’re alike and yet we’re different. What I would like to see is this information from 2003 and 2007. The Difference Between American And Canadian Homeowners.
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New Ward Map Confusing? Try Getting a Garbage Can
Excellent points raised by Greg Hinz over at Crain’s. Ask folks at City Hall whether new or old wards apply for purposes of voting, zoning and distribution of services and the like and, after a couple of shrugs, you’ll get a multipart answer fit for an SAT test. … “We’re dealing with the old aldermen,”…
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Athens Burns
[B]uildings burned across central Athens and violence spread around the country. Cinemas, cafes, shops and banks were set ablaze in central Athens as black-masked protesters fought riot police outside parliament. State television reported the violence spread to the tourist islands of Corfu and Crete, the northern city of Thessaloniki and towns in central Greece. Shops…