Category: Business News

The ‘World’s Longest Labor Strike’ Ends in a Whimper

The ‘World’s Longest Labor Strike’ Ends in a Whimper

On Fathers Day 2003, all of the 130 workers at the Congress Hotel in Chicago walked out on the  job, protesting management’s decision to cut wages and bring in minimum-wage,  subcontracted workers. Ten years...

Externships: What They Are And Why They’re Important

Externships: What They Are And Why They’re Important

According to Merriam-Webster’s dictionary, the first known use of the term “externship” dates back to 1945. However—until recently—most students were entirely unfamiliar with the concept. And many people still don’t know what they are,...

The Cities That Are Stealing Finance Jobs From Wall Street

The Cities That Are Stealing Finance Jobs From Wall Street

Over the past 60 years, financial services’ share of the economy has exploded from 2.5% to 8.5% of GDP. Even if you believe, as we do, that financialization is not a healthy trend, the...

To The Horror Of Global Warming Alarmists, Global Cooling Is Here

To The Horror Of Global Warming Alarmists, Global Cooling Is Here

Around 1250 A.D., historical records show, ice packs began showing up farther south in the North Atlantic. Glaciers also began expanding on Greenland, soon to threaten Norse settlements on the island. From 1275 to...

Starving Bankers Charge Up China’s LightInTheBox IPO

Starving Bankers Charge Up China’s LightInTheBox IPO

Today I want to give myself the poor timing award for my recent remarks about the upcoming New York IPO for Chinese e-commerce firm LightInTheBox. A day after commenting that the company’s IPO had...

Rising U.S. Rates And A Stronger Dollar: Tectonic Shifts For Investors As Fed Changes The Game Plan

Rising U.S. Rates And A Stronger Dollar: Tectonic Shifts For Investors As Fed Changes The Game Plan

Markets are in disarray after Fed Chairman Ben Bernanke’s magic trick, pulling the tablecloth from the dinner table without moving a single plate. Talk of the Fed tapering its program of quantitative easing has...

America’s New Manufacturing Boomtowns

America’s New Manufacturing Boomtowns

Conventional wisdom for a generation has been that manufacturing in America is dying. Yet over the past five years, the country has experienced something of an industrial renaissance. We may be far from replacing...

Money Talking: Where’s the Economy Headed This Summer?

Money Talking: Where’s the Economy Headed This Summer?

Is the U.S. back? That’s the big question in the global economy right now. Earlier this week, Federal Reserve chairman Ben Bernanke suggested that he’d be tiptoeing away from the Fed’s asset buying program,...

After PBR: Will the Next Great Hipster Beer Please Stand Up

After PBR: Will the Next Great Hipster Beer Please Stand Up

Pabst Blue Ribbon, the so-called “nectar of the hipster gods,” has been hip for longer than anyone could have possibly imagined. Now that PBR’s popularity is mainstream, and the beer has lost some of...

Sorry Paul Tudor Jones: It’s Male — Not Female — Traders We Should Be Worried About

Sorry Paul Tudor Jones: It’s Male — Not Female — Traders We Should Be Worried About

Reading hedge fund giant Paul Tudor Jones’ recent comments that having babies makes women bad traders reminded me of a close friend of mine, a very senior investment banker at a major Wall Street...