Geoff Garbacz

78 Added | 5 Magazines | 192 Followers | @bullet86 | Keep up with Geoff Garbacz on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Geoff Garbacz”

ObamaCare will hasten income inequality, union report says

A new report from a major U.S. union says ObamaCare will hasten income inequality.<p>Although it defends the intent behind the Affordable Care Act, the report, entitled “The Irony of ObamaCare: Making inequality worse,” concludes that the law will transfer a billion dollars in wealth to insurance …

Stocks End Week Lower As Govt. Shutdown Deadline Approaches

(Updates with Saturday developments in Washington) U.S. stock indexes fell on Friday as the September 30 deadline for an emergency budget deal in Washington to avoid a Government shutdown loomed ever closer.<p>While most Wall Street analysts still expect the usual last-minute deal to avoid the …

How Converse went from bankruptcy to a $1.4 billion business

As its parent company commands, Converse is just doing it.<p>The 105-year-old brand has grown at breakneck pace since Nike rescued the company in 2003, two years after it filed for bankruptcy. Since its cultural heyday in the ’80s, the hip sneaker has experienced a rebirth.<p>On Thursday, Converse posted …

Shoes

Coca-Cola CEO Muhtar Kent on water, obesity

By David Brancaccio and Janelle Bitker<p>September 27, 2013 | 10:35 AM<p>Listen to this story<p>DownloadEmbed<p>Embed Code<iframe src="https://www.marketplace.org/2013/09/27/business/coca-cola-ceo-muhtar-kent-water-obesity/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Listen To The Story<p>…

Advertising

Associated Press News

China’s plans to cut coal pollution will unleash another environmental catastrophe instead

Think China’s coal-fired power plants are dirty? You haven’t seen anything yet.<p>The country plans to build up to 40 massive projects to convert coal to synthetic natural gas (SNG), a process that would dramatically increase China’s greenhouse emissions, and emit huge volumes of toxins while …

Fossil Fuels

The iPhone Is a Bigger Business Than Coca-Cola and McDonald's Combined

And Google. And Microsoft. And Home Depot.<p>Eric Chemi, head of research for <i>Bloomberg Businessweek</i>, pulls an amazing stat. iPhone sales in the last year exceed <i>all revenue</i> to Microsoft, Amazon, Comcast, or Google. The iPhone alone outsells Coca-Cola and McDonald's, perhaps the world's two most famous …

FAA committee thinks smartphone and tablet use should be allowed during takeoff and landing

Recall that silent rage you get when you're told to switch of your Kindle, iPod or laptop for take-off and landing, even when there's <i>nothing</i> wireless going on. Well, the FAA could be approaching a change in the rules. A 28-member committee, created by the Federal Aviation Administration itself, has …

India and Pakistan 'will work together over Kashmir'

<b>The leaders of India and Pakistan have pledged to work together to halt a recent upsurge of violence in Kashmir, according to senior officials.</b><p>Both sides were upbeat about the pair's first meeting since the May election of Pakistan Prime Minister Nawaz Sharif.<p>On Saturday, India's Manmohan Singh …

Pakistan

Déjà Vu: Deep Divides Delay a Deal in Congress

Taxes and spending: Two political hot button issues in Washington that become hotter by the day as Congress continues to edge closer to its debt limit deadline with no negotiation, or agreement, in sight.<p>The U.S. is set to hit its debt limit by mid-October, according to the Treasury Department, and …

The Week Ahead: Stress Index Says Don't Worry Yet...

Stocks put in a fine performance last week ahead of the much anticipated FOMC meeting this week. Basically, stocks only corrected a month from the August highs before, again, turning higher. Though quite a few stocks did undergo double-digit declines from their recent highs, the major averages did …

A Discussion On Reddit Contains Two Extraordinary Insights On How Hedge Funds Operate And Beat The Market

These are questions everyone wants answers to. And most people would like those answers to not be too technical.<p>Reddit user gadela08 who claims to be a hedge fund insider provides a brief, crystal clear explanation of how hedge funds operate.<p><b>1)</b><b>On securities research and analysis</b><p>Here are the …

Investing

Futures Explode Higher After Summers Bows Out

Summers was long considered one of the top two or three candidates to fill the seat that's expected to be vacated in January by current Chairman Ben Bernanke.<p>Summers was considered more hawkish than the favorite, current Fed Vice Chairwoman Janet Yellen.<p>"Stocks should do very well," tweeted PIMCO's …

S&P 500

REPORT: Tim Geithner Will Not Seek Fed Chair

Now, the Wall Street Journal's Damian Paletta reports Treasury Secretary Tim Geithner, who'd previously expressed reluctance to take the position, is holding firm and will not seek the nomination.<p>That leaves current Vice Chair Janet Yellen and Yellen's immediate predecessor, Don Kohn, as the lone, …

Democrats

Harry Reid Proclaims: "The Anarchists Have Taken Over"

<i>Submitted by Mike Krieger of Liberty Blitzkrieg blog,</i><p><b>We’re diverted totally from what this bill is about. Why? Because the anarchists have taken</b> …

Gold futures suffer a weekly loss of almost 6%

SAN FRANCISCO (MarketWatch) — Gold futures closed lower on Friday, suffering a loss of almost 6% for the week as investors mulled the likely nominees …

Stock Markets

A 5-Point Plan to Keep Apple Great

NEW YORK ( TheStreet) -- With the option of replacing Tim Cook with an entrepreneurial and innovative CEO like Jack Dorsey off the table, here are …

Tablet Sales in Fourth Quarter Could Surpass PCs, With Annual Tablet Sales Set to Eclipse Computers by 2015

It looks like Steve Jobs was right to predict that the PC would become the “truck” to the tablet’s “car.”<p>“When we were an agrarian nation, all cars …

What Putin Understands That Most Americans Don't

The highlighting in his message is by him in the original. If I were boiling what he says down to a sentence it would be: Americans who are on a high horse about Putin's hypocrisy or effrontery should try to imagine how this episode looks in the rest of the world's eyes. And (a second sentence) …

Russia

Twitter Confirms IPO -- Or Maybe Not

Twitter has finally, possibly, confirmed that it’s moving forward with a 2014 initial public offering.<p>The notoriously tight-lipped social networking site has remained even more tight-lipped with the press amid speculation that the company is planning to go public sometime next year. But today, the …