Showing posts with label markets. Show all posts
Showing posts with label markets. Show all posts

McDonald’s employee fired for paying for customers’ meals. I would have fired her too.

Heather Levia, a 23-year-old employee of a McDonald’s in Olean, NY used $83 of her own money to purchase breakfast for firefighters that had placed a breakfast order at the restaurant. The firefighters were fighting a house fire in the area. A little while later another fire department placed a $70 breakfast order at the same McDonald’s. Levia asked her boss if McDonald’s would pick up the tab for these firefighters.  Her boss said no.  She then called McDonald’s corporate office who also denied her request that McDonald’s pay for the fire fighters’ meals. Levia and her coworkers pinched in to pay the $70 for the second fire department’s meals.

The next day she was fired. Based on the information in the story, I would have fired her too.

Does Google Glass have a chance?

Does Google Glass have a chance?  I don't think so.

Several articles have appeared recently stating Google Glass will be the wave of the future.  I'm not so sure.  Google Glass is an indication to me that Google is ran by engineers instead of a product designer who understands the desire for attractive products.  Engineers are typically terrible at product design since they place very heavy emphasis of function over form.  When making a purchase a typical engineer will construct a spreadsheet comparing all the features of different models of a product in an attempt to determine which model provides the most "bang for the buck".  The engineer rarely takes into consideration the form or attractiveness of the product.  I have quite a few spreadsheets as proof of this behavior.

Most people want to look nice.  See the substantial size of the fashion, makeup and plastic surgery industries as proof of this.  In fact, people are willing to shoot lasers into their eye balls in an effort to rid them self of unsightly glasses.

Google glasses are not attractive and I believe this will be a major hindrance to their adoption.  I was skeptical of 3D TVs that also required glasses.  Who wants to put on glasses to watch TV?  Google Glass could meet the same fate as 3D glasses.

How are short sales tracked?

If an investor believes the price of a stock is heading down, that investor can short the stock.

The European sovereign debt crisis has turned into a European bank run


The bailout of the Greek government in 2010 started Europe down the path of bailing out insolvent European institutions.  The focus has been on government finances but may shift quickly to bank finances.  Ireland was the first country to need help with saving its banks.  Others may soon follow.

Why?

Free market justice in Vancouver

After the Vancouver hockey team lost the final game of the Stanley Cup playoffs there were riots in downtown Vancouver. It often seems that justice escapes those that damage property and person during the riot. Not in Vancouver, however.

Who did Warren Buffet and Bill Gates wrong?

It seems like every week there is at least one article where Bill Gates and Warren Buffet once again announce to the world how they are giving away their fortunes (here is the latest).

Why are they constantly making such pronouncements?

In the US there is no such thing as a free market

This article caught my attention: "Authorities crack down on flea market fakes."

The article discusses how the government is cracking down on knock off items at flea markets.