Word: riche
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...Wall Street Journal reports that the iPhone is so feature rich that "the resulting growth in downloading and Web browsing will strain AT&T's network." AT&T is not alone. Sprint (S) and Verizon Wireless (VZ)(VOD) are up against the same problems...
...While “Harvard is Rich: No Layoffs,” might seem an unconvincing oversimplification, efforts to force the administration to recognize layoffs as ruinous events in individual lives rather than mere statistics have a place in this debate. That those individuals may be recent immigrants with limited education makes it more urgent. A publicly traded company has a fiduciary duty to its shareholders—by law, it must care only about their good; a nonprofit organization has made a commitment to be run for the general social good. As such, the meaning of this goal...
...illusions about the severe problems at the low and middle segments of the market. Real wages are not rising and unemployment may reach 10% this year. Most of the people out of work will be those who earned between $25,000 and $75,000 a year, not the rich. Most homeowners are just that - regular middle class workers. People living on relatively fixed incomes usually do not have the resources to cover their daily expenses for a long time if they lose their jobs or suffer a drop in their earnings. The one thing of value that they had, their...
...rich become poor, the federal budget will fall apart...
...Being too rich for foreclosure, but too poor for derivatives, I had begun to think the government would never craft a bailout for me. However, prodded by crafty old John Dingell of Michigan, dean of the House of Representatives, Uncle Sam has selected me to stimulate the economy by buying a new car. This program will...