Tag: unemployment

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.