Author: vissentim

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When I speak to college students, I always push two messages: If you work hard, take risks, leave your comfort zone and never give up, you can do anything you want to in life; and part of life is competition, because no matter what you want, you can bet that someone else wants it too.

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The good news for merchants is that more Americans this year turned out to bag Thanksgiving weekend deals than last year. The bad news, however, is that shoppers on average spent less on their purchases compared to a year ago.

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Ever since its creation in 1913, the Federal Reserve has grappled with a daunting political contradiction. The Fed is charged with preventing the collapse of the banking and financial system, whose health is essential for the “real economy” of production and jobs. But financial bailouts usually occur when mistakes or misdeeds by bankers and investment professionals make them public pariahs. To do its job, then, the Fed protects — or seems to protect — an unpopular, disgraced and undeserving group. We are now witnessing this contradiction in full bloom.

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There’s an intriguing idea floating around the media: Microsoft Corp. wants to undercut Google so badly in Internet search that it might pay newspapers to withhold their content from Google.

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CARACAS (Reuters) - Venezuelan President Hugo Chavez said on Sunday he could nationalize private banks for refusing to lend to the poor and for failing to sufficiently aid in the country’s development.

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Britain’s battered mortgage market is slowly recovering but consumer lending remains low as banks and building societies are still reluctant to hand out overdrafts and loans, according to figures released Monday.

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African authorities raided shops, intercepted vehicles at checkpoints and used sniffer dogs to detect and seize over 3,800 pounds (1,768 kilograms) of illegal elephant ivory in a six-nation operation, Interpol and the Kenya Wildlife Service said Monday.

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NEW YORK — Stock futures were modestly higher Monday as investors try to balance concern about fallout from Dubai’s debt crisis against encouraging signs from U.S. consumers.

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A decade ago, they were considered the New Face of Washington Business, a group of nine up-and-coming entrepreneurs shaking up the establishment.

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