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...plans were grandiose once the leading edge of the recession hit Starbuck's business. The stock was punished and so were the company's employees. Last July Starbucks fired 12,000 people. That action broke an important bond with the employees who worked at the company, at fairly low pay, and the company's customers who viewed Starbucks as a socially responsible firm that would err on the side of people and not profits...
...current group of federal policy makers must think that it is mad to believe housing prices will hit a low enough level that consumers will make purchasing decisions on their own. If a home that was worth $500,000 three years ago can be purchased for $200,000 at the end of this year, it may bring buyers into the market without any aid whatsoever. If nuclear physicists can be hired at the minimum wage, they will probably all find employment. If the year drags on and the economy does not show signs of substantial improvement, the hope that...
...true that only a handful of relatively low-profile state Democrats had formally filed their candidacies, including state representative Bill Kortz and Joe Torsella, the former director of the National Constitution Center in Philadelphia, who issued a statement on Tuesday insisting that he intends to stay in the race. (See Mark Halperin's report card on the Obama Administration...
...Yang says China's nod to let Taiwan in this time was a gesture of goodwill. The WHA is a relatively low-risk international body for China to allow Taiwan to enter, as it is a health body, without strong political implications that could allow Taiwan to be treated as an independent nation. Taiwan has been invited to participate under the agreed upon name "Chinese Taipei" - the same name Taiwan uses for its Olympic team...
...global financial crisis can cause whiplash. A government research center announces that thirty million migrant workers may be unemployed - 50% higher than the previous estimates - but Chinese Premier Wen Jiabao says the economy is doing "better than expected." Exports plummet and GDP growth grinds to a 10-year low, but fixed-asset investments and Shanghai stocks are headed up. It often looks like there are two Chinese economies...