Category Archives: Economy
Not Just First Woman of Color Anymore
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Before she was the first woman of color at Harvard Law School, Elizabeth Warren was a school teacher. But then she got pregnant and the principal “showed her the door.” At least that’s how she tells it. But that’s not what happened. She quit. Her contract was extended that spring but Elizabeth decided to go another way. And the board accepted her resignation with regret.
Much More Than First Woman of Color
She went back to school, earned a law degree, became a bankruptcy expert, helped found the Consumer Financial Protection Bureau and went on to regulate big banks.
Gillette’s Real Target Audience
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Here’s the Gillette ad directed at customers who may be underachieving in the best a man can be category. But ADWEEK says the ad was a hit with Gillette’s real target audience – women.
Sears New Year Liquidation Sale
Sears chairman Eddie Lampert stepped in with a last minute $4.4 billion offer to buy the bankrupt company. CNBC says Sears advisers have until Jan 4 to decide if he’s a “qualified buyer.” “Only then could ESL take part in an auction against liquidation bids on Jan. 14.”
Stock Market December to Remember
Your 401 (k) Goes Bungee Jumping
It was the night before Christmas and the Dow Jones Industrial Average plunged 653 points. But the day after Christmas the bull bounced back for a record 1,000 point gain. Alas, the stock market December to remember continued as the Dow dropped 600 points the following morning. But not to worry. Late in the day the Dow made a record 850 point u-turn to finish with a 260 point gain.
Fed Grinch Steals Trump Christmas
You’re a Mean One, Chairman Powell
President Trump overheated his Twitter account trying to pressure the fed chairman. But it didn’t work. Jerome Powell was more than ready to to stand up to Trump by playing the Grinch and raising rates. Not only that he said he’d do the same thing two more times next year.
Fed Grinch
The Dow swooned and the president sputtered. But Bloomberg says the Fed did the right thing. Vox, however, not so much.
Meanwhile the stock market crater continues.
