Business - - Page 44

THE CEO OF A CHEMICAL PLANT OUTSIDE OF HOUSTON HAS WARNED THE PLANT WILL EXPLODE

Winchester, VA - The Huffington Post reports that Richard Rowe, CEO of the Arkema Inc. chemical factory in Crosby, TX, has affirmed that they are expecting the chemical plant to explode in the next six days. The plant manufactures chemicals which require constant cooling, but the plant lost power on Sunday morning. With the volatile chemicals warming up by the minute, company officials say that there is no way to prevent […]

08/31/2017 12

NEW HOME SALES HAVE PLUNGED

Winchester, VA - Fox Business reported yesterday that new U.S. single-family home sales plunged 9.4% in July. Sales are now at their lowest point in the last seven months. This spells potential trouble when combined with a market where there is a lack of homes for sale, and in which housing prices are rising, it is difficult for new home buyers to break into the market. Brandywine Global Sr. Research Analyst […]

08/24/2017 8

PRESIDENT TRUMP ANNOUNCED THAT FOXCONN WILL BE BRINGING THOUSANDS OF JOBS TO WISCONSIN, BUT WILL IT PAN OUT?

Winchester, VA - Yesterday, President Trump announced that an over $10 billion investment by Foxconn into the state of Wisconsin to build a factory that will manufacture LCD panels will put over 3,000 people to work. But did he? The Huffington Post reports that Foxconn, a Taiwanese company, has a poor track record of promising to invest in the United States, and then failing to follow through on that promise. In […]

07/27/2017 26

A WISCONSIN-BASED COMPANY IS SET TO IMPLANT MICROCHIPS INTO ITS EMPLOYEES

Winchester, VA - KSTP-TV reports that Wisconsin based vending machine company Three Square Market is going to be implanting microchips into its employees. Starting next week, those who wish to have the $300 chip, which is about the size of a grain of rice, will have them implanted between their thumb and forefinger. The company is covering the cost of the chips. The chips will enable people to buy things at […]

07/25/2017 9

WHAT DID A STUDY REVEAL ABOUT THE EFFECTS OF $15 MINIMUM WAGE IN SEATTLE?

Winchester, VA - The Associated Press is reporting on the results of a new study examining the the $15/hour minimum wage law increase on the food service industry in Seattle. Opponents of the minimum wage increase, which will be fully phased in by 2021, argued that the industry could not bear the cost, and that restaurant workers would see their hours cut, thereby experiencing no increase in wages. The report, released […]

06/21/2017 8

Square Roots: Finding Solutions to Urban Demand for Local Food

Winchester, VA - Reuters yesterday highlighted a company called Square Roots, which is training 10 “entrepreneurial farmers” to grow produce indoors in shippng containers in New York City in an attempt to create urban farms. After six months, farmers like Erik Groszyk, a Harvard grad who left his successful, but unfulfilling, investment banking career, are harvesting 15-20 pounds of produce per week. Talk about creating solutions!

06/08/2017 15

If You Can’t Beat’Em…Compete With’Em!

Winchester, VA - In this Celestial Musings, there is little that frustration and an entrepreneurial spirit cannot accomplish. The Huffington Post shared the story of Abu Masa, a Bostonian and former 7-11 franchise owner, became frustrated at the way he was being told to run his franchise. He was being forced to sell hot food that his customers weren't buying and he was throwing out an unacceptable amount of food. His […]

06/05/2017 6

May Jobs Report: Ups and Downs

Winchester, VA - The May jobs report was released on Friday. By all appearances unemployment seems to be decreasing. The Wall Street Journal reports that a net 138,000 jobs were added to the economy. The unemployment rate dropped to its lowest percentage since May 2001, settling out at 4.3%, which sounds good, but with a combination of a .2% drop in the labor force--that would be 429,000 people--, this indicates that […]

06/05/2017 9

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