From Venture Beat: Presidential candidates like to treat Silicon Valley like an ATM, simply a money machine to support their massive national campaign expenses. They tour company headquarters with stump speeches, praising the tech industry as an engine of growth,
Marissa Mayer appears to be gaining traction in a turnaround of an Internet pioneer that most of Wall Street thought would be impossible.
In the wake of yet another flop and hundreds of layoffs, DreamWorks Animation CEO Jeffrey Katzenberg announced a dramatic restructuring and refocus of his teetering company (and legacy). Seeking to reassure Wall Street, Katzenberg said DWA will reduce its annual
An intern at a prestigious Wall Street asset management firm reportedly left her position to pursue a career in porn, because she “can’t stop masturbating at work.”
Elizabeth Warren’s latest victory over Wall Street arrived in the form of a letter. Over the weekend, Antonio Weiss, a top investment banker at Lazard, sent President Obama a note withdrawing from consideration to be under secretary of domestic finance, the third-ranking position in the Treasury.
On Wednesday, 44 House Democrats surprised Republicans by flipping their votes to upend a fast-track vote on a Wall Street deregulation bill that was similar to one those same Democrats voted for as recently as September.
In his weekly investors newsletter, investment guru John P. Hussman says that he’s in the camp that believes that “the likelihood of a market loss on the order of 40%, 50% or even 60% in the next few years is quite high.”
Anyone old enough to recall the Bush presidency might remember that the media used to be very, very concerned about “burger-flipper jobs,” median wages, and career quality. Bush’s fantastic unemployment rates were supposed to be marred with a big fat asterisk because too much job growth was occurring in low-wage, dead-end service industry jobs.
