BG,
Economic Reports:
Intial Claims....rose to 406,000, much more than the 380,000 expected.
Existing Home Sales 10:00am(Eastern)
Second Quarter Reports for today:
Ford Motor Co., Dow Chemical Co., Bristol-Myers Squibb Co.,
Eli Lilly & Co. and 3M Corp.
Drunkguy,
Thanks for the article. Several good points.
Clearly, there seems to be a more positive Shift in the Market recently.
Both lower oil prices and on going Legistation to support of Freddie Mac and Fanny Mae are helping.
Today, the Intial Claims number may set a more negative tone.
That could be negated by a good Existing Home Sales report, lower oil prices
and or good Quarterly reports.
Still, the US economy is still growing in positive territory.
The Gloom and Doom may have been over played a bit.
However, we´re not necessarily out of the woods yet.
Going with
DOWN on Thursday,
gl,
baz
.................................................. ...
CAPITALISIM AT IT´S WORST.
(You do all the work
, we keep all the $$$
, thanks)
http://www.nytimes.com/2008/07/24/ny...l?ref=nyregion
Jin Shun -- which also made garments for Banana Republic, Express, Victoria's Secret, The Limited and Coldwater Creek
$250 when they worked their typical 66-hour, six-day weeks, amounting to $3.79 an hour
New York+s law requires a $7.15-an-hour minimum wage.
Two Chinese immigrants who worked at the factory said that during one busy stretch they worked 120 days straight.
one woman worked at the factory for 60 to 70 hours per week and was paid
22 cents per garment or 40 cents for more complicated pieces
Macy´s: Most of their Dresses go from $30 and Up. With many of them $90 and Up.
Dresses - Women's - Macy's
Macy´s, who has probably been using this company for quite some time were very "surprised":
"
Macy’s, which operates headquarters in Manhattan and Cincinnati, said the labor department’s findings,
if true, violate the retailer’s vendor/supplier code of conduct."
I call this the Phil Knight defense, "why, I had no idea this was happening".
Even though, the suppliers had been making his main product for years.
To Phil´s credit, he took steps to insure better conditions.
Banana Rebpublic: Ouch, Dresses $90 and up on this page:
Modern Apparel, Handbags, Shoes, and Accessories | Banana Republic
Victory Secret:Their PantSuits, which are 2 pieced, go for $70 and Up.
Victoria's Secret - All Suits & Separates
Coldwater Creek:They seem to have pretty good prices, starting in the $30 and up on this page:
Coldwater Creek