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Industry News

• Why Women Are Fleeing Wall Street September 3, 2010
  Economists are struggling to explain an exodus of women from Wall Street, but one is not the least bit surprised by the data: Sylvia Ann Hewlett, founding president and chairman of the Center for Work-Life Policy, a nonprofit think tank based in New York. FINS.com reporter Kyle Stock sat down with Hewlett to discuss how Wall Street's tarnished reputatio […]
• Leo W. Gerard: On Labor Day, Work to Save the Middle Class September 3, 2010
  This Labor Day feels gloomy. It's a celebration of work when there is not enough of it, a day off when too many desperately seek a day on. America has commemorated two Labor Days since this brutal recession began near the end of George Bush's presidency in December of 2007. Now the relentless high unemployment, the ever-rising foreclosures, the unr […]
• Robert Creamer: Another Reason to Break up Big Wall Street Banks September 3, 2010
  Ever wonder how Wall Street bankers manage to make tens -- and sometimes hundreds -- of millions of dollars? How do people who really don't produce anything manage to siphon such gigantic sums from the pockets of the people who produce goods and services -- who actually create the wealth? The answer is that they have managed to gain almost monopolistic […]
• Lee Stranahan: Obama’s Double-Dip Disappointment Is Bad For Business September 3, 2010
  As a small-business owner, I don't need to wait for the government reports of leading indicators and indices to know that there's been a tightening in people's willingness to spend over the long hot summer of 2010. The day-to-day experience of talking to clients and other business owners confirms that something is choking off spending for many […]
• Supertel Hospitality, Inc. Announces Appointment of New Board Member September 3, 2010
  NORFOLK, NE--(Marketwire - September 3, 2010) - Supertel Hospitality, Inc. ( NASDAQ : SPPR ) announced that Richard A. Frandeen has joined the Board of Directors. Richard Frandeen has over 40 years of banking and real estate experience. His experience includes financing a wide variety of commercial real estate including hotel, office, retail, multifamily, se […]
• Chris Hoofnagle: The Facebook Enigma September 3, 2010
  Accidental Billionaires: The Founding of Facebook A Tale of Sex, Money, Genius and Betrayal By Ben Mezrich Anchor Books, 272 pp. The Facebook Effect: The Inside Story of the Company That Is Connecting the World By David Kirkpatrick Simon & Schuster, 384 pp. Imagine receiving a visit from Steve Ballmer, where the Microsoft CEO, hulking and as scary as a g […]
• Robert Reich: How To End The Great Recession September 3, 2010
  THIS promises to be the worst Labor Day in the memory of most Americans. Organized labor is down to about 7 percent of the private work force. Members of non-organized labor -- most of the rest of us -- are unemployed, underemployed or underwater. The Labor Department reported on Friday that just 67,000 new private-sector jobs were created in August, while a […]
• BP: Ban On Drilling Permits Could Halt Oil Spill Claims Payments September 3, 2010
  BP is warning Congress that if lawmakers pass legislation that bars the company from getting new offshore drilling permits, it may not have the money to pay for all the damages caused by its oil spill in the Gulf of Mexico. […]
• Vivian Norris de Montaigu: Restoring Trust Is the First Step Forward to Heal from the Financial Crisis September 3, 2010
  Why did I vote for President Obama? I trusted him, and I still do. Why do so many Americans want Elizabeth Warren in a position of power and financial decision-making? Because they trust her to tell them the truth and do right by them. Why is the Banker to the Poor, Muhammad Yunus (who earns around 400 euros per month) trusted by millions around the world, y […]
• Most Americans Sleep With (Or Near) Their Cell Phones: Study September 3, 2010
  Two-thirds of American adults have slept with their cell phones on or right next to their beds. The number rises to over 90% among people ages 18 to 29. Those are some of the conclusions from the huge Pew Internet & American Life Project called "Cellphones and American Adults." […]