(Links open in a new browser window/tab) Wouldn't It Be Cool if US CEOs Were Like This? Here's a story of how the CEO of one of the world's top 10 airlines, Haruka Nishimatsu of Japan Airlines, deal with hard economic times. When JAL sliced jobs and asked older employees to retire early, Nishimatsu cut every single one of his corporate perks and for three years running slashed his own pay. In 2007, he made US$ 90,000, less than what his pilots earned. Kyung Lah of CNN reports: Link This Reptile is Pimpin' Mother Nature, it turns out, is...
Photograph of the Taj Hotel, one of the buildings attacked, continuing to burn in Mumbai, India by Gautam Singh/AP Yesterday, a series of coordinated terror attacks in India's financial capital Mumbai left over 100 dead and hundreds injured. Indian Prime Minister Manmohan Singh said the attacks probably had "external linkages," which the NY Times reports is the "first official indication that the authorities were likely to blame outsiders." The attackers have taken hostages, many of them foreign tourists; some have been released. The terrorists used automatic machine guns and grenades at two luxury hotels, a train station, the Jewish...
The Dow and the S&P 500 both closed down about 5% today in a day of heavy losses. The Dow was down 443 points and closed below 9,000 amidst fears of a prolonged recession that even superhero President-elect Obama may be not be able to turn around. "Everything is so dismal right now, it's just an endless flow of bad news and no one wants to buy," despaired equity trader Dave Rovelli, who could really benefit by reading today's heartwarming good news about the Starbucks wedding proposal! CNN reports that investors are fearful about tomorrow's big monthly jobs report. Also,...
CNN reports that General Electric has created a giant OLED panel printer to be specifically used for lighting. The "semi-trailer" sized machine prints out thin layers of flexible plastic, covers them with chemicals, and seals them with foil, so they'll glow a frosty blue-white if an electrical current is applied. But these OLED sheets aren't exactly lightbulb substitutes. Our current incandescent and CFL bulbs are super bright and super small, which is why we have to artfully cover them with lampshades or, in my case, a purple silk scarf, because I know what the ladies like. These new OLEDs are...
A hoax heard around the world traveled through the Mac community fast enough on Friday to have an immediate effect on Apple's already battered stock, causing as much as a 5.4 percent drop after a false story was posted on CNN's iReport website. The iReport in question claimed insider information that Steve Jobs was taken to the emergency room by paramedics after suffering a major heart attack. News that caused Wall Street to flinch first. (see iReport screen capture above) Apple's stock quickly rebounded into positive territory after Katie Cotton, Apple's Vice President of Worldwide Communications, replied to the...
CNN reports on a growing trend: daylighting. Kind of like moonlighting during the day, it’s the practice of working jobs on the side while you are at another. They give examples of a cocktail waitress who works on her graphic design business when sales are slow, and a salesman who’s brokering mortgage deals in his office bathroom. People’s reasons for daylighting vary, from trying to live a lavish lifestyle to just trying to get by. As you could imagine, the HR department is not too happy about all this bonus work going on. CNN: “Sneaky ‘daylighters’ risk firing by...