Tag: psychology

Much More Beneath the Surface of the Italian Bank Scandal; How Big Are the Derivative Losses?
January 25, 2013 0

Much More Beneath the Surface of the Italian Bank Scandal; How Big Are the Derivative Losses?

By News Desk

While pondering what Dragi knew or didn’t, let’s turn our focus on actual losses. Reuters reports Monte Paschi Shares Plunge on Derivative Loss Fears Shares in Banca Monte dei Paschi di Siena, Italy’s third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009

Meet "Baxter" the Robot Out to Get Your Minimum-Wage, No Benefits, Part-Time Job, Because He’s Still Much Cheaper; Fed Cannot Win a Fight…
January 22, 2013 0

Meet "Baxter" the Robot Out to Get Your Minimum-Wage, No Benefits, Part-Time Job, Because He’s Still Much Cheaper; Fed Cannot Win a Fight…

By News Desk

MIT Technology Review discusses Baxter in Small Factories Give Baxter the Robot a Cautious Once-Over . Chris Budnick, head of Vanguard Plastics, a small injection-molding operation in Southington, Connecticut is considering the use of Baxter for one process that is not yet automated: stacking and packing textured, plastic cups, which Vanguard sells for 2 cents apiece to a medical company.

Golf star Phil Mickelson may bolt California over taxes; Time to Send Taxifornia a Message
January 21, 2013 0

Golf star Phil Mickelson may bolt California over taxes; Time to Send Taxifornia a Message

By News Desk

Fox News reports Teed off: Golf star Phil Mickelson may bolt California over taxes For golf legend Phil Mickelson, the low 60s makes for a great score on the links — and a lousy tax rate in his home state of California. Mickelson said “drastic changes†are ahead for him due to federal and California state tax increases that have pushed his tax rate to what he figures adds up to “62, 63 percent.†The left-hander will talk more about his plans — possibly moving out of California or even retiring altogether — before his hometown Farmers Insurance Open, the San Diego-area event that begins Thursday at Torrey Pines.