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ECONOMY – BANKRUPTCIES (BY RICK PULITO)

More retail bankruptcies mean more worthless gift cards…

This week’s announcement of bankruptcy by Borders Book Stores is another in an ever-growing list of retailers who have left consumers holding the bag, or more appropriately an empty bag, as their gift cards will be rendered worthless.

What surprised me is the depth and breadth of retail organizations that are either on their way out or likely to fail in the next twelve months. An article on the investment site www.investinganswers.com this month lists more than twenty large, nationwide retail companies that are at an elevated risk of failure. The assortment includes such gift-card staples as Macy’s, Cabela’s, RiteAid, Zales Jewelers, Talbots, and seventeen more. I have reprinted the graphic from their article below. (mais…)

EDUCATION

The Creation—and Consequences—of the Model Minority Myth

Below is an article by Julianne Hing copy & pasted straight from Colorlines:

Asian-Americans face significant challenges to getting their education, says a new report out from the National Commission on Asian-American and Pacific Islander Research in Education. And the study has got everyone from experts to students talking, because the findings fly in the face of conventional wisdom about Asian American students as high-achieving, so-called model minorities. (mais…)

Pakistan’s Terror Connections

Mumbai Attacks Renew Questions About Pakistan’s Crackdown on

Militants

by Sebastian Rotella
ProPublica

.Indian security personnel and investigators gather at a bomb blast site in the Dadar District of Mumbai on July 13, 2011. (Sujit Jaiswal/AFP/Getty Images)

Indian investigators are only beginning to sift through the wreckage of three terrorist bombings in Mumbai today. Suspicions have immediately turned to Pakistan-connected militant groups. Whatever the investigation uncovers—and it’s still very early—one thing is clear: Those groups still operate despite international pressure on Pakistan after the Mumbai attacks of nearly three years ago. (mais…)

AFTER THE PHONE-HACKING SCANDAL

Bancroft Family Members Express Regrets at Selling Wall Street

Journal to Murdoch

by Richard Tofel
ProPublica

.Christopher Bancroft walks through downtown Boston, Mass., on July 23, 2007, following a meeting of Bancroft family members to discuss selling their majority stake in Dow Jones & Co. to Rupert Murdoch’s News Corp. (Neal Hamberg/Bloomberg via Getty Images)

This story was co-published with The Guardian.

A number of key members of the family which controlled The Wall Street Journal say they would not have agreed to sell the prestigious daily to Rupert Murdoch if they had been aware of News International’s conduct in the phone-hacking scandal at the time of the deal. (mais…)

CARDS BLOQUEAN A WIKILEAKS

VISA Y MASTERCARD BLOQUEAN A

WIKILEAKS, PERO ACEPTAN PAGOS PARA EL

KU KLUX KLAN

De RT/ MSK

 

Hace unos seis meses las mayores entidades bancarias estadounidenses bloquearon los pagos a favor del portalWikiLeaks. (mais…)

US EDUCATION SYSTEM IS DESTROYING

Why the United States Is Destroying Its Education System

by: Chris Hedges, Truthdig | Op-Ed

(Photo: fling93)

A nation that destroys its systems of education, degrades its public information, guts its public libraries and turns its airwaves into vehicles for cheap, mindless amusement becomes deaf, dumb and blind. It prizes test scores above critical thinking and literacy. It celebrates rote vocational training and the singular, amoral skill of making money. (mais…)

THE FIGHT CONTINUES (PROPUBLICA)

Bank Lobby Says ‘Fight Continues’ on Debit Card

Fees, Warns of ‘Dire Consequences’

by Marian Wang 

ProPublica

.(iStockphoto)

The banking industry stands to lose billions in debit card transaction fees after losing one of its biggest lobbying battles this year—but for the banks, that was just Round One.  (mais…)

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