That seemed fishy to me.
Forbes reports today that Best Buy has announced today that it is closing 50 stores.
There was a report on Morning Edition (NPR) that I wanted to highlight. I can't find it. I'll ask C.I. and include it tomorrow. But it's about grocery workers getting less hours and being replaced with "robots" (self-check out).
It ties in with this but I can't find it.
Joseph Kishore (WSWS) explains the jobs bill was more con artistry from the White House:
The name of the Jump-Start Our Business Startup Act was chosen to yield the acronym “JOBS Act,” but this awkward terminological concession was the only nod the framers gave toward actual job creation. In reality, it is simply another corporate handout.
The JOBS Act is ostensibly targeted at small businesses, but it will in fact eliminate Securities and Exchange Commission reporting requirements for new companies with up to $1 billion in annual revenues. Consumer advocacy groups and some investor organizations warned that the main impact of the bill will be to facilitate financial fraud.
Democrats and Republicans overwhelmingly supported the bill, which was passed 380-41 in the House and 73-26 in the Senate earlier this week.
The Obama administration issued a statement saying it was “heartened” by the agreement. “We applaud Republicans and Democrats for working together, but there is still much more work to be done to create jobs and strengthen the recovery,” said White House spokeswoman Amy Brundage. The act is in fact modeled off of proposals from Obama’s equally misnamed “jobs council,” and follows lines laid out in the president’s State of the Union address earlier this year.
In addition to removing SEC filing requirements, the bill would also make it much easier for start-up companies to raise money from large numbers of investors online, with limited or no oversight (known as “crowdfunding”). It increases the limit on the number of investors a company can have (from 500 to 1,000) before it must report financial data to the SEC.
This is C.I.'s "Iraq snapshot" for Thursday:
Meanwhile, former Prime Minister Ayad Alawi's Iraqiya bloc threatened to walk out of parliament in opposition to PM Maliki's dominance. But Sultan believes these threats only prove the Iraqiya bloc's failure in its politics.
"I think that Iraqiya bloc lacks unity in the political discourse in dealing with crisis," he said. "It withdrew its ministers from the government after the issue of al-Hashimi, and later sent them back. Now it wants to withdraw them again. What will they get from all this?"
This is not the first time the Iraqi Communist Party has been targeted by the U.S.-backed government that replaced the old dictatorship. In 2007, Najim Abed Jassem, the party workers' trade union leader and member of the executive committee of the Mechanics Union, was abducted and tortured by militias in Baghdad, and subsequently murdered.
Nouri's heavy-handed and rules through fear. He thought he could apply the same scare tactics in dealing with foreign ministers of other countries -- none of those present face the level of violence Iraq does. So not only was the topic a 'downer' but they really didn't see the need to be lectured to on the topic of violence from the person over the most violent country in the region. Nouri's so out of touch that he honestly believes other leaders in the region would be impressed with him. His calling for cooperation on positive projects and issues would have surprised them and would have impressed them. Instead, he's the crazy troll under the bridge and he's got no one to blame but himself (and his advisors who thought his speech would go over well).