Goldman Sachs is teaming up with billionaire Warren Buffet to aid 10,000 small businesses around the nation setting up a fund, which is worth $500 million dollars. It intends to support the small businesses to create jobs and provide economic advice to aid the U.S. economy. However, critics ask why now?
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Floods that caused massive expanses of land and roads to be submerged under water in September are still having an effect on businesses like Kellogg's. Their largest bakery in Atlanta experienced supply constraints on Eggo products caused by flood damage. Many stores across the US are posting signs about the Eggo shortage to inform customers who are in search of the frozen waffles.
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Stimulated or not stimulated, according to a close scrutinization of the government's website, recovery.gov, not only has the stimulus created new jobs but also new congressional districts and possible a state... or two.
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Paul Allen, who co-founded Microsoft with Bill Gates in the mid-1970s, has been diagnosed with non-Hodgkin's lymphoma, more than 25 years after he was treated for Hodgkin's disease. Vulcan CEO Jody Allen, who is also Paul Allen's sister. sent a memo about his cancer to his employees as well as to the media.
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Grow old with me, the best is yet to be; that's a famous quote from Robert Browning. Nouriel Roubini is professor of Economics at the Stern School of Business at New York University and Chairman of Roubini Global Economics would say to job seekers, "the worse it yet to come."
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Learning from Leaders takes the role of advising global leaders in Asia on eight specific agenda items. These issues were identified and researched by Kellogg-HKUST EMBA students and addressed by different business, political and community leaders invited as guest lecturers.
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A report by the Government Accountability Office concludes that many work place related injuries are not reported to the Occupational Safety and Health Administration.
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A Saturday auction of some of the belongings of Bernard and Ruth Madoff pulled in about double what auctioneers had hoped, and far more than the estimated value of the goods, auctioneers said. The total was about $1 million.
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A larger number of workers are feeling over stressed at work according to the recent Employee Outlook survey conducted by the Chartered Institute of Personnel and Development (CIPD).
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When the Federal Housing Authority (FHA) was set up during the depression era, it was designed to help the poorest segment of the population gain admittance to the housing market. Today, with the economy in its fragile state, that agency of last resort has become the lender of first resort. Close to 30% of all homes sold this year have been purchased with FHA loans.
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Although statistically, at least for one quarter, the United States is officially out of recession, there are some who doubt it. Thus, the wait is on to see feedback on this news: the European Union says it is now out of recession as well.
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For the second time this year, Burger King is being sued by their own franchisees. In the most recent lawsuit, the franchisees are suing over the $1 double cheeseburger.
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