PATH: BS | Insatiable Greed

Exxon Squeezes Every Penny Of Profit From Franchises

Posted by Pile (14058 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


Every time Sohaila Rezazadeh rings up a sale at her Exxon station on Chain Bridge Road in Oakton, her cash register sends the information to Exxon Mobil's central computers. If she raises the price of gasoline a couple of pennies, chances are that Exxon will raise the wholesale price she pays by the same amount.

Through a password-protected Web portal, Exxon notifies Rezazadeh of wholesale price changes daily. That way the oil giant, which is earning about $3.3 billion a month, fine-tunes the pump prices at the franchise Rezazadeh has owned for 12 years.

READ MORE | No comments | Comment on this Article

Your Bank May Collapse But Lenders Still Get Big Bonuses

Posted by Pile (10366 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


As mortgage holders face foreclosure and shareholders take a bath, troubled Washington Mutual takes action -- to protect executive bonuses. It could be a trend. Get the board of directors to change the rules to make it look like you're doing a good job and collect millions in bonuses.

READ MORE

Day Trader Meltdown As Wizards Try To Cast Anti-Recession Spell

Posted by Pile (13080 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


Yesterday was an interesting day in the world of financial markets, if you think seeing a huge storm heading your way "interesting," and today it gets even more "interesting."

Hoping to halt a market meltdown and prevent a recession, the Federal Reserve lowered its overnight lending rate by three quarters of a percentage point to 3.50% on Tuesday in a rare move between formal meetings.

Nobody watches NASCAR to see cars go around in circles. We know what makes the highlights... watch the video we have as this day trader suddenly realizes the market has raped him hard...

READ MORE | No comments | Comment on this Article

The Tom Cruise Indoctrination Video

Posted by thingy (12760 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


Didn't get a chance to watch the terrifyingly creepy Tom Cruise video yesterday before Scientologists pulled it off YouTube? Well, Defamer.com managed to get their hands on a copy and now they'd like to invite you to watch in all its technicolor glory. Nevermind the orgs, nevermind the SPs and nevermind David Miscaviage, Defamer won't hesitate to put their ethics on ANYONE! Don't miss out, over one billion earth humans have been served. KSW and KFC forever (or something). This is must-see. Do not pass go without watching this video.

READ MORE | No comments | Comment on this Article

Lead Found In Lipstick

Posted by Pile (11894 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


Toys made in China aren’t the only products laced with dangerous heavy metals: lipstick manufactured in the United States and used daily by millions of American women also contains surprisingly high levels of lead, according to new product tests released today by the Campaign for Safe Cosmetics. The lead tests were conducted by an independent laboratory over the month of September on red lipsticks bought in Boston, Hartford, Conn., San Francisco and Minneapolis. Top findings include:

More than half of 33 brand-name lipsticks tested (61 percent) contained detectable levels of lead, with levels ranging from 0.03 to 0.65 parts per million (ppm). None of these lipsticks listed lead as an ingredient.

READ MORE | No comments | Comment on this Article

Time-Warner Rewrites USPS Postal Rules and Rates

Posted by Pile (12348 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


For the first time ever in the history of the US, The Postal Regulatory Commission ignored a plan by the US Postal Service in favor of a rate-increase plan submitted by an outside corporation: Time-Warner, which involves a super-complicated scheme to allow their own publications to avoid paying higher postage, while sticking it to smaller publishers.

Go democracy!

READ MORE

Court Confirms Katrina Damage Was Not "An Act Of God"

Posted by Pile (11599 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


Hurricane Katrina victims whose homes and businesses were destroyed when floodwaters breached levees in the 2005 storm cannot recover money from their insurance companies for the damages, a federal appeals court ruled Thursday.

While insurance may cover some "acts of God," the insurance industry had enough fine print to invalidate claims of flooding due to negligence on the part of the Army Corps of Engineers, which led to the majority of the city's destruction, and therefore, victims were not qualified to be covered under their insurance policies.

READ MORE

Symantec: Our Software Screwed Up Your PC? Here's Another Copy!

Posted by Pile (11539 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


One month after tens of thousands of PCs in China were disabled by a bug in its Norton antivirus software, Symantec has offered to compensate the owners. However, the compensation – more copies of the software that caused the problem – has sparked outrage.

Imagine that.

At this point, even if you reject the local Geek Squad's invitation to watch the Star Wars Trilogy at their parents' house, they still wouldn't recommend using Symantec security products.

READ MORE | 5 comments since 2008-08-19 01:59:44 | Comment on this Article

Louisiana Congressman Bill Jefferson Indicted

Posted by Pile (12558 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


Rep. William Jefferson, D-La., was indicted Monday on federal charges of racketeering, money-laundering and soliciting more than $400,000 in bribes in connection with years of trying to broker business deals in Africa.

The charges came almost two years after investigators raided Jefferson's home in Washington and found $90,000 in cash stuffed in a box in his freezer.

READ MORE | 1 comment since 2007-06-05 08:32:20 | Comment on this Article

The Nightmare Of Cancelling Subscription Accounts

Posted by Pile (12716 views) Add this story to MyYahoo Add this article to del.icio.us Submit article to Reddit Add story to Furl Add story to StumbleUpon [E-Mail link]


PC World Senior Editor Tom Spring signed up for 32 online accounts. Then tried to cancel all of them. The most difficult to cancel: NetZero. The easiest to cancel: Consumer Reports Online and The New York Times TimesSelect. Read on to hear about his customer service nightmare.

READ MORE | 1 comment since 2009-08-07 16:03:52 | Comment on this Article

10 Articles displayed. Show More Articles.

Pursuant to Section 230 of Title 47 of the United States Code (47 USC § 230), BSAlert is a user-contributed editorial web site and does not endorse any specific content, but merely acts as a "sounding board" for the online community. Any and all quoted material is referenced pursuant to "Fair Use" (17 U.S.C. § 107). Like any information resource, use your own judgement and seek out the facts and research and make informed choices.

Powered by Percleus (c) 2005-2047 - Content Management System

[Percleus 0.9.5] (c) 2005, PCS