Last Updated Stories in Tech&Biz

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...

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...

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....

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...

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...

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...

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...

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...

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...

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...

Chanel Cuts 200 Jobs

Chanel announced they will cut 200 jobs, or 10% of its work force, on New Year's Eve day this year.  The layoffs will affect all staff on fixed and temporary term contracts. Many predicted that luxury brands...

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...

Fire Safe Cigarettes Mandated in 5 More US States

As of January 1 2009, 5 US more states put into effect a mandate which requires that stores sell only fire-safe cigarettes from now on. " Delaware, Iowa, Oklahoma, Pennsylvania and Texas on Thursday joined 17...

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