Wednesday, April 02, 2008

Bashing the Oil Companies
Barack Obama and Hillary Clinton are both bashing the oil companies for “gouging the public.” And they’re promising to punish them, as soon as they finish crisscrossing the country in their gas guzzling limousines and private jets.

Wal-Mart Rethinks
Wal-Mart is dropping a controversial effort to collect over $400,000 in health-care reimbursement from a former employee who lost her son in Iraq and is confined to a nursing home since she suffered brain damage in a traffic accident. The company realized it was just easier to have her killed instead.

Bernanke on the Hill
Fed Chairman Ben Bernanke will appear before the Joint Economic Committee on Capitol Hill today. The Congressmen and Senators will ask Bernanke about the housing crisis, the Bear Stearns collapse, and whether their next pay raise can be in euros.

Auto Sales Fall
American and Japanese automakers reported double-digit U.S. sales declines in March. It’s not because the cars aren’t good, it’s just that most Americans can’t afford the gas to drive to the dealership.

Bank Layoffs
According to a new survey, U.S. banks are set to cut up to 200,000 jobs in the next year… which means the average wait for a real live teller at your bank branch will be about 3-to-5 business days.

Pfizer Pulls Drug
Pfizer is pulling an advanced melanoma drug from the testing process after a review of interim data showed it was ineffective... which is a shame, since the company had such funny commercials for the drug all ready to go in time for the next Super Bowl.


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