Electronic Arts Cuts Jobs At Montreal Studio Less Than Two Weeks After CEO’s Resignation
Catherine Shu Techcrunch Electronic Arts is laying off staffers at its Montreal office in another round of job cuts. The news comes less than two weeks after CEO John Riccitiello resigned, citing the company’s financial underperformance. EA declined to tell…
Foreigners are flooding the Japanese stock market
Sam Ro, Business Insider Japan’s efforts to stimulate the economy with aggressive monetary policy has sent the Japanese stock market surging as investors see it as a way to ride inflation. Below is a chart from Bloomberg BRIEF economist Michael…
Ron Johnson failed at JCPenney because he misplayed the expectations game
Tim Calkins, Kellogg School of Management at Northwestern, Business Insider Ron Johnson is out at JC Penney. His seventeen month stint at the retail giant will go down in history as one of the great leadership fiascos of the decade….
Thatcher insisted on facing hard, uncomfortable truths
A Commentary by Michael Barone, Rasmussen Reports “Divisive.” That’s a word that appeared, often prominently, in many news stories reporting the death of former British Prime Minister Margaret Thatcher. One senses the writers’ disapproval. You’re not likely to find “divisive”…
Congressional trips abroad [to Cayman Islands] continue despite sequester
By Elizabeth Flock US News Members of Congress and their staff have gone on multiple trips since House Speaker John Boehner announced last month congressional travel would be curbed as part of the sequester. Rep. Rob Bishop, R-Utah, and Rep….
Cash-strapped governments take aim at tax havens
Paul Waldie, The Globe and Mail Tax havens seem to have multiplied as thousands of people sock away billions of dollars in exotic locations and infuriate tax collectors. To find the origin of these tax shelters don’t look to Switzerland,…
‘Wrong data led to death’ of British soldier Mark Smith
London Evening Standard A British soldier was killed in a friendly fire incident when a shell fell short of its target after the latest weather conditions were not taken into consideration, an inquest has heard. Sapper Mark Smith, 26, from…
Economist Dean Baker: Wall Street is too optimistic
By Michael Kling Moneynews Wall Street is far too optimistic about prospects for an economic recovery, cautions Dean Baker, co-director of the Center for Economic and Policy Research in Washington, D.C. Look for the unemployment rate to remain essentially unchanged…
Investor George Soros: Germany will be in recession by September elections
From Moneynews Germany’s economy will probably be in a recession by elections scheduled for the end of September because monetary policy officials in the euro area aren’t providing the necessary stimulus, said billionaire investor George Soros. “Germany itself remains relatively…
Big government budget solution hiding in the Caymans
By Alec Sprague, South Bend Tribune The budget fights in both Washington, D.C., and Indianapolis are looking predictably ugly this year, and are shaping up along familiar lines: Do we raise taxes? Do we sink deeper in debt? Which programs…
