The health care industry is one of the most reliable sources of new jobs in the country. And in cities that suffer from high unemployment, the local hospital is often the biggest employer still standing. But the downturn in the economy has left some hospitals in perilous financial shape. In Waterbury, Ct,, the biggest hospitals are going through a painful process of outsourcing and layoffs.
Dramatic. Feel the heart beat. That's music from "Halo 4," the latest installment from Microsoft's blockbuster video game series which pits humans against aliens in the future. Last week, "Halo 4" made more than $220 million in the first day sales.
Michael Hervey will leave effective at the end of the year. The New York utility received harsh criticism over how it handled the aftermath of Hurricane Sandy. Customers have complained about long waits for service to return. Two weeks after the storm tens of thousands of homes and businesses still have no power.
The word nonprofit evokes the image of a charity or a church, an educational institution, public radio station. But David Evans of Bloomberg Markets Magazine took a closer look at the world of nonprofits and discovered something that he considered suspicious. Even though many nonprofits make millions and millions in profits, they pay no taxes.
Originally published on Wed November 21, 2012 8:21 am
I love Thanksgiving. It is the best food holiday on the calendar. However, one thing has always bothered me. Even the most accomplished cooks take unnecessary short cuts when it comes to preparing the Big Meal.
Some time ago, a man wearing jeans, cowboy boots and a hoodie drove a dirty Ford Explorer into a carwash in Fort Worth, Texas. As soon as the car came back clean, he got it filthy again, and drove to the next carwash. He did this with every single full-service carwash in town.
The man wasn't suffering from a strange mental disorder; Patrick Kinkade was a criminologist conducting an experiment.
It was fun to call American sports commissioners czars, but once players started to have unions, a commissioner really became more like a majority leader in a legislature, trying to keep his party — the owners — together in their financial battles against the minority opposition, the athletes.
In less than a month, two instrumental figures at two of the world's biggest tech companies have left their positions. Now industry watchers wonder whether the departures at Microsoft and Apple will mean dramatic changes of direction for the tech giants.