Fiat Currency Good or Bad?

The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of...

EarthLink webmail crashes on Earth Day

The webmail service 'EarthLink' suffered a major power outage this morning, and users were unable to access any of their pages; ironic considering today is Earth Day. (At time of publication the site is still down)It is not known what caused the crash, as the site was offline...

Moldova's Twitter Revolution: an inside look

As the uprising in Moldova continues, protesters are using social networking tools such as Twitter, LiveJournal, and Facebook to coordinate their protests and decide what is their next move. It seems as if many in...

Hard Workers Face Cognitive Decline, Dementia Risk

A study led by Finnish researchers analyzed over 2,200 British civil servants, and found that those who worked more than 55 hours per week had poorer mental skills compared to those who worked a standard week....

Gossip Titles Prosper Despite Overall Magazine Declines

Gossip magazines seem to be the only category within the consumer magazine industry in Canada that are seeing increased sales - even as most other titles are posting significant declines in readership and ad...

Liz Claiborne Cuts 725 Jobs

Another major US retailer is resorting to layoffs to address the dire economic market, with the latest round of job cuts implemented at Liz Claiborne.  725 employees, or 8% of its total work force, will be eliminated by the end of the first quarter in an effort to cut...

Bank of England Tells Female Staff How To Dress for Success

The Bank of England had their "Dress for Success" day earlier this week and sent out a memo to female employees outlining precisely what they should and should not be wearing to work.  This includes wearing...

Macy’s Consolidation Results in Layoffs of 7,000

A press release from Macy's today outlined a consolidation plan which call for 7,000 employee layoffs.  About 40% of this figure represents an the elimination of executive positions, with the remainder of the...

Gut Instinct More Accurate than Deliberated Decisions

A new study published in the Journal of Consumer Research has found that people who deliberate are less likely to make consistent and accurate decisions.  Those who make snap judgments based on their gut...

US Department Stores Give Away $175m in Free Makeup

Yes, you read that correctly, and no, there's no catch. Department stores in the US are being forced to give away $175 million worth of free makeup, fragrance and beauty products beginning Tuesday January...

New York Entrepreneurs Open Bar to Save Money on Bar Tabs

Louis Terline and Jeff Madalena, owners of Oak boutique in New York, have decided to expand their entrepreneurial ventures and open up a bar in Greenpoint, Brooklyn - so they can save money on their bar tabs. "And...

Neiman Marcus Lays off 375 Employees

Neiman Marcus is responding to a company-wide efficiency evaluation by laying off 375 employees this week, with more layoffs likely in the near future as the productivity assessment continues. UPDATE: On February...

Safety Council Wants Mobile Phone Driving Bans Across US

First they enforce seatbelt laws, now they want to ban cell phones while driving?  The US National Safety Council is trying yet again to make roads, and the lives of people traveling on them, safer.  Mobile...

UK Store Iceland buys 51 Woolworths stores

The UK food retailer, Iceland has bought 51 Woolworths  stores. The stores are in the south of England. Iceland first made an offer to buy all of Woolworths' 815 stores last August. " Frozen food retailer...

Goody's Family Clothing Goes Out of Business

Goody's Family Clothing will liquidate next week, despite months of attempts to keep the US retail chain alive. "The retailer filed for bankruptcy protection on June 9, saying it had been hurt by high gasoline and food prices that had forced consumers to cut back on...

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