Saturday, November 26, 2011

Today's Teamster News 11.25.11

Opening Day for Shoppers Shows Divide  New York Times   ...The low-end and midrange retailers are risking low margins as they cut prices to attract shoppers, while executives at luxury stores say that they are actually able to sell more at full price than in recent boom years...
Bank of America's billion dollar spin   Salon   ...In misleading TV ads, the bank casts itself as a champion of the working class and small business. Reality check!...
Debunking the conservative argument about the rich and taxes, in three easy charts  Washington Post   ...the percentage change of the overall average income of the top one percent has risen by 119 percent. That’s more than twice the amount of the change in their income tax, which grew by 54 percent in that time...
Egypt Military and Protesters Dig In for a Long Standoff  New York Times   ...the protesters, emboldened by the end of the fighting, said they were as determined as ever to stay in the square until the military council and its chief, Field Marshal Mohamed Hussein Tantawi, left power...
Eurozone Fears Hit London Market  Press Association   ... Doubts over the future of the currency bloc were compounded as Italy was forced to pay more than 7% on the bond markets, a level that is widely seen as unsustainable...
Europe's Economic Implosion Heats Up  Economic Populist   ...Right before Thanksgiving, there were more events pointing to a tsunami from the Eurozone...