header header
Archive for October 23rd, 2005


Sunday, October 23, 2005
Growing New Jersey Bank Employs Old Approach
By Dave Berns
"If your bank is open on Sundays or has removed the bulletproof glass teller windows, you might have Commerce Bank to thank. The Cherry Hill, N.J.-based bank, found only in the Philadelphia area five years ago, is establishing itself up and down the East Coast and has become influential in the banking world," reports The [...]
Comments Off

Sunday, October 23, 2005
U.S. Lawmakers Fight Push To Shift Control Of Internet
By Dave Berns
"U.S. lawmakers are urging the Bush administration to resist a push from other countries to shift control of the Internet to the United Nations, arguing that such a move would stifle innovation and free expression," reports Reuters.
Comments Off

Sunday, October 23, 2005
Cyber Crime Moves To Next Level
By Dave Berns
"As computer hackers move from mere show-offs to skilled, profit-making thieves, experts are beginning to assess the damage," reports Long Island's Newsday. "Hackers who steal and extort money via attacks on computers in homes and businesses have created a multibillion-dollar industry of online thievery, according to experts and recent reports."
Comments Off

Sunday, October 23, 2005
Ad Executive Quits After Ripping Women Executives
By Dave Berns
"One of the world's most flamboyant advertising gurus has left his job after reportedly telling an audience that women made poor executives because motherhood made them 'wimp out,' reports The Associated Press. "Marketing giant WPP Group PLC said Friday it had accepted the resignation of Neil French — a one-time debt collector, trainee matador and rock-band [...]
Comments Off

Sunday, October 23, 2005
Florida Leads Nation in Job Growth For September
By Dave Berns
"Fueled by strong gains in South Florida, the state is leading the nation in job growth. Adding another 277,700 jobs in September, Florida's supercharged economy also posted a 3.5 percent unemployment rate for the month, a record low," reports The Miami Herald. "The state also ranked No. 1 in the nation for the number of new jobs [...]
Comments Off

Sunday, October 23, 2005
California Deals With Troubled Government Bond Ratings
By Dave Berns
"California boasts one of the world's largest economies, but the state's reputation is tarnished by a tax system that is often volatile, by a budget process that tends toward gridlock and by a habit of borrowing when it can't balance the books," reports The San Francisco Chronicle. "All of which helps explain why California has the [...]
Comments Off

Sunday, October 23, 2005
Fed's Greenspan Could Push Interest Rates Higher Before His January Retirement
By Dave Berns
"For investors who worry about rising interest rates, what comes next may well be the tough part. Despite 11 increases in short-term rates in just over 15 months, members of the Federal Reserve are indicating there will be no quick end to their campaign to tighten credit," reports The Chicago Tribune via The Seattle Times. "Don't be [...]
Comments Off

Sunday, October 23, 2005
Phoenix Deals With Vegas-Like Housing Issues
By Dave Berns
"Metropolitan Phoenix's meteoric rise in home prices could come at a high cost. A nearly 50 percent run-up in housing costs during the past year has pushed the area to an economic tipping point. The Valley relies on low home prices to grow, and the recent jump in prices could send buyers and businesses to [...]
Comments Off