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31 Oct 2010 10:41

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Biz, Politics: Prop. 23-pushing Valero claims they’re not so eco-evil

Just because we’re pushing for Prop. 23 to pass means we hate the environment! Look! Here’s a worker of ours RIDING A BIKE AT OUR PLANT! SEE? source

30 Oct 2010 20:00

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Biz: Cablevision, Fox finally settle whiny baby dispute – after two weeks

  • 14 number of days the cable network stalemate went on
  • 3M number of customers affected by the cable stalemate
  • eight MLB playoff games (and two weeks of football) went off the air source
  • » Why did the stalemate last so long? Well, Cablevision wanted regulatory intervention from the government, who wanted the two companies to decide things for themselves. Usually, these things last two days, tops. And it’s possible that the long stalemate has hurt Fox’s overall ratings, which are down 17 percent from a year ago. To both of these companies: Who benefits from this?

30 Oct 2010 12:27

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Biz, Tech: Does the U.S. think companies should patent genes?

  • NO they think that genes are part of nature and shouldn’t be source
  • » Why this is a big deal: Well, among other things, this is a change of policy for them, one that could make it harder for the biotechnology and medicine industries to keep innovations unique. We wish that the government would make this distinction on software patents over trivial things. See, that’s where a change in decision is necessary.

29 Oct 2010 16:36

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Biz, U.S.: Here comes the denial: Halliburton sez they didn’t cause oil spill

  • Halliburton does not believe that the foam cement design used on the Macondo well was the cause of the incident.
  • A statement from Halliburton • Responding to the Senate committee report that suggested that their handiwork was a cause of the Gulf Oil Spill. Their take? While Halliburton admits that they didn’t do a key stability test, BP was to blame for a poor design process (an angle they’ve held onto since the spill first happened). And, worse, BP didn’t perform a critical cement bond log test. Also, both BP and Transocean misinterpreted the results of a negative pressure test – a misinterpretation that proved deadly for the workers on the rig. There are a lot of complicated details here, but the point you should take from this is that everyone is blaming everyone else. Which is understandable. Have you seen the rage caused by this oil spill? source

28 Oct 2010 22:23

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Biz: Get rich quick scheme: Suing McDonald’s for making you fat

  • 12 x 65 = the number of years a Brazilian McDonald’s employee worked at the restaurant, and the number of pounds he gained while working there
  • $17,500 the size of the judgment for the Brazilian, who should have a Marie Claire article written about how ugly he is any day now source

28 Oct 2010 21:23

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Biz, U.S.: BP and Halliburton make stupid mistake, punish the entire Gulf

  • The fact that BP and Halliburton knew this cement job could fail only solidifies their liability and responsibility for this disaster. We now know what BP and Halliburton knew, and when they knew it. And now we know they did absolutely nothing about it.
  • Rep. Edward J. Markey • Sounding incredibly pissed (for understandable reasons) about the whole situation with the Gulf Oil Spill. Why, you ask? Well, it seems our friends at both BP and Halliburton knew weeks before that the cement mixture they were using to seal the well was unstable and didn’t work particularly well. But, in a brilliant decision which had amazing effects on the Gulf region, they used it anyway. And by “brilliant” we mean awful. And by “amazing” we me disastrous. Heckuva job, BP and Halliburton. Heckuva job. source

28 Oct 2010 10:36

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Biz: In this post, we try to find silver lining in mediocre jobless numbers

  • good New jobless claims this week are at their lowest number in about three months. Not great, but a definite improvement!
  • better Continuing jobless claims fell to their lowest level since late 2008. Hopefully that keeps up so we can stop complaining. source
 

26 Oct 2010 22:00

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Biz: GlaxoSmithKline makes a whistleblower incredibly rich

  • $750 million GlaxoSmithKline will no longer have after this
  • $150M the amount in fines and forfeiture the company will have to pay to the U.S. government
  • $600M the amount of the settlement that GlaxoSmithKline will have to pay out
  • $94M the amount of the settlement the whistleblower, Cheryl D. Eckard, gets source
  • » The lesson of the day, guys? It pays to be a lawyer. Or a whistleblower. One thing that doesn’t pay is selling products on the market that don’t do what they purport to do, or are tainted during the manufacturing process.

26 Oct 2010 10:23

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Biz: Ford, in blatant display of showing-off, posts record profits

  • $1.7B Ford’s profits in the third quarter of 2010 – a new record for the company
  • 1997 the year Ford set the quarterly record they broke this quarter
  • 69% the increase in profits from a year ago; not bad, auto industry source

25 Oct 2010 10:51

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Biz: Good news hard to come by in housing market, but here’s some

  • 10% boost in existing home sales in September source