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Greek Voters Reject Bailout Deal, Greece Still Largely Screwed

Greek European Union Flags

Greek voters rejected the latest bailout package, but that only seems likely to make things even worse for them.

For June, A Jobs Report That Basically Reads As ‘Meh’

unemployment

The June Jobs Report was okay, but it certainly doesn’t inspire much confidence.

Greek Prime Minister Appears To Concede, But Europe Holds To A Hard Line

Greek European Union Flags

Greece’s Prime Minister seemed to give in to some of Europe’s demands today, but bankers are continuing to hold to the strict conditions they set last week.

Supreme Court To Hear Case Involving Employees Rights And Public Employee Unions

Gavel And Scales Of Justice

The Supreme Court has agreed to hear a major case about public employee unions that could go a long way toward restraining their power.

NBC To Donald Trump: You’re Fired

Trump Apprentice

Following up on the disputes with Univision that arose in the wake of Donald Trump’s derogatory comments toward Mexican immigrants, NBC Universal has cut its ties with Donald Trump: Amid mounting public pressure, NBCUniversal announced Monday that it will cut business ties with Donald Trump due to “recent derogatory statements” the Republican presidential hopeful made […]

Greek Banks To Remain Closed Monday As Debt Negotiations Head To The Wire

Greek European Union Flags

The Greek Government is basically shutting the banking system down tomorrow as negotiations over its debt problems continue.

Univision Breaks Ties With Donald Trump Over His Comments About ‘Mexican Rapists’

Donald Trump Hair

Donald Trump’s comments about Mexicans during his announcement speech last week are having financial repercussions: Univision is canceling its telecast of the Miss USA pageant, an event partially owned by Donald Trump, to protest Trump’s offensive remarks about Mexicans. Furthermore, Univision says it is severing all other business ties to Trump. Univision is the biggest […]

Economy Not As Bad In First Quarter As Initially Feared

Economy Heartbeat

The final revision to Gross Domestic Product for the first three months of the year showed that the economy did indeed shrink, but at a slower rate than reported in earlier reports: While nothing to brag about, the economy’s performance in early 2015 was not quite as bad as the number-crunchers in Washington had thought. […]

Walmart, Kmart, and Sears Remove Confederate Flag From Stores; Amazon, eBay Undecided

money-investing

The Confederate battle flag is suddenly toxic.

Apple Reverses Course On Music Royalties

apple-taxes

Well, that didn’t take long.

Taylor Swift, Apple Music, And The Future Of The Music Business

Taylor Swift

Taylor Swift is taking a stand against Apple’s new streaming music service, and she’s largely right.

The Treasury Department Wants To Put A Woman On The $10 Bill

Ten Dollar Bill

Surely it’s time to put a woman on American currency again, but why go after Alexander Hamilton?

Colorado Supreme Court Rules Employee Can Be Fired For Smoking Pot At Home

Colorado Marijuana

Marijuana is legal in Colorado, but it’s illegal under Federal Law. Because of that, the Colorado Supreme Court dismissed a claim by resident who was fired when he tested positive for pot.

Congress Rebukes Obama On Trade, And Thus The Lame Duck Era Begins

Capitol Building

House Democrats defied President Obama on an important trade deal today, thus arguably marking the official beginning of his lame duck status.

In Case you Want to See What Hyperinflation Looks Like…

travel-suitcase

…take a look over at the BBC:  Zimbabwe dollars phased out. Zimbabwe is phasing out its local currency, the central bank says, formalising a multi-currency system introduced during hyper-inflation. Foreign currencies like the US dollar and South African rand have been used for most transactions since 2009. Local dollars are not used except high-denomination notes […]

Man Complains Airline Made Him Pay to Sit Next to His Kid

airplane-kid

We have unreasonable expectations for airlines.

Too Much PII

money-investing

Dave Schuler proposes a “radical idea” to safeguard individual privacy “in the wake of the hacking of Sony and the multiple credit card exploits over the last year or so.”

The Politics Of Income Inequality

income-inequality

Most Americans think that income inequality is a problem, but they don’t all agree on what to do about it.

A Strong May Jobs Report

Now Hiring Sign

The May Jobs Report seems to suggest that the first quarter dip in the economy was merely temporary: Total nonfarm payroll employment increased by 280,000 in May, and the unemployment rate was essentially unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, leisure and hospitality, and health care. […]

Showtime Becomes Latest Content Provider To Offer A Streaming Service

C

It’s getting easier and easier to cut the cord.

Americans Spend More Than Eight Hours A Day Consuming Media

television-remote

Americans spend a lot of time consuming media: On average, people spend more than 490 minutes of their day with some sort of media, according to a new report by ZenithOptimedia. Television remains dominant, accounting for three hours of daily consumption—an hour more than the internet, in second place. (The report measures media consumed in its […]

Elon Musk Beneficiary of $4.9 Billion in Government Subsidies

elon-musk-tesla

Billionaire wunderkind Elon Musk has had a lot of help from taxpayers.

Supreme Court Sides With Muslim Woman In Religious Discrimination Case

Samantha Elauf Supreme Court

The Supreme Court ruled in favor of a Muslim woman who was refused a job because of her hijab.

Economic Growth Contracts In First Quarter Of 2015

Economy Heartbeat

The economy contracted in the first quarter of 2015, and that suggests the rest of the year isn’t going to be very good either.

Los Angeles Unions Want An Exemption From The Minimum Wage Law They Just Lobbied For

Minimum Wage

A minimum wage for thee, but not for me.

Justice Department Indicts Top FIFA Officials In Corruption And Bribery Scandal

FIFA Headquarters

Several of the top representatives of soccer’s governing body have been indicted by a Federal Grand Jury in New York.

Los Angeles Makes A Risky Bet With Its Minimum Wage Increase

Minimum Wage

Los Angeles became the latest major city to increase its minimum wage. It’s a risky bet that is likely to do more harm than good.

New Jersey May Finally Let You Pump Your Own Gas

Gas Pump

A New Jersey legislator is proposing finally getting rid of an antiquated law that makes it illegal to pump your own gas in the Garden State.

Fixing the Firewalled News Problem

newspaper-paywall-chains

There’s a better way to finance news than hiding it behind paywalls.

Maybe The Economy Won’t Return To Normal

Economy Heartbeat

What if this is the new normal?

Harriet Tubman On The Twenty Dollar Bill?

Harriet Tubman Twenty Dollar Bill

If a new campaign succeeds, Harriet Tubman could replace Andrew Jackson on the $20 bill.

Darrell Issa: America’s Poor Have It Pretty Good, Actually

rich-poor

Congressman Darrell Issa says that America’s poor are generally better off than the poor in the rest of the world. While he’s correct, he’s also incredibly tone deaf.

Uber Sets $50 Billion Valuation Target In New Funding Drive

Uber App

Uber, the mobile phone based car service that has upended the taxi industry across the nation and around the world, is raising another round of funding from private investors, and aiming for a valuation of $50 billion: Uber Technologies Inc., the world’s most highly capitalized startup, plans to raise another large round of funding. The […]

Jobs Growth Bounces Back In April, But Weakness Remains

jobs-want-ads-magnifying-glass

The jobs market bounced back in April, but that’s about all we can say.

40-Hour Week An Anachronism

time-clock-man

Most managers work beyond 9-to-5.

Economy Slows To A Crawl In First Quarter G.D.P. Estimate

Economy Heartbeat

Economic growth slowed significantly in the first three months of 2015, but it’s not clear what that means going forward.

N.F.L. To Give Up Its Tax Exempt Status

nfl-logo

The N.F.L.’s league office is giving up its tax exempt status, but that means far less than the headline implies.

Scott Walker Is Now Apparently Against Legal Immigration Too

2013 Conservative Political Action Conference

Wisconsin Governor Scott Walker is now appealing to the worst aspects of economic populism on the right.

Disney’s Net Worth Increased By $2 Billion After Release Of New Star Wars Trailer

Cheiwie Solo

“Chewie, we’re rich.”

Hillary Clinton Doesn’t Tip at Chipotle! Stop the Presses!

tipping

The scandal that will make everyone forget about Benghazi.

Missouri Republican Wants To Ban Food Stamp Recipients From Buying “Luxury” Food

Food Costs

One Missouri legislator is going on a crusade against a “problem” that may not actually exist.

Job Growth ‘Setback’

jobs-want-ads-magnifying-glass

The US economy added 126,000 jobs, much less than the guess of 244,000.

Everyone Hates The Cable Company, But This One Isn’t Their Fault

tv-remote

A tale of Kafkaesque torture by Comcast Customer Service reveals that the person who really made the mistakes here was the homeowner.

Irish Activist Commits Return Fraud, Gloats About it in Media

money-investing

A Facebook friend posted this Irish Central story (“Irish American buys all of Walmart’s offensive t-shirts, will return them March 18“) on her wall: Kevin Westley has an inventive solution to the annual issue of offensive Irish merchandise leading up to St. Patrick’s Day. Go to your local big box stores, buy all the t-shirts […]

Scott Walker ‘Gutting’ Organized Labor?

Scott Walker

Wisconsin has become the 25th “right to work” state.

February Jobs Report Stronger Than Expected

Now Hiring Sign

February’s jobs report came in stronger than analysts expected, but wage growth remains stubbornly stagnant.

President Obama Vetoes Keystone XL Pipeline Bill

Keystone XL Map

As expected, President Obama has vetoed the bill that would have authorized the Keystone XL Pipeline.

January Jobs Report Shows 2014’s Strong Jobs Market Continuing Into New Year

jobs-want-ads-magnifying-glass

The January Jobs Report showed that the trend of strong jobs growth we saw in 2014 appears to be continuing into the new year.

Super Bowl Sets Another Television Viewership Record

Super Bowl XLIX

Once again, the Super Bowl broke viewership records to become the most watched television broadcast in history: Super Bowl XLIX surged to break multiple records on Sunday night, raking in 114.4 million viewers to become the most-watched telecast in U.S. history. Overnight ratings, based on metered markets, however, suggest that a new record was set […]

Blackberry CEO: The Government Should Force Companies To Make Apps For Blackberry Phones

Blackberry Phones

The head of Blackberry thinks he can save his company by getting the government to force others to make content for Blackberry phones

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