Wednesday, July 17, 2013

That's the news

Suggestion to McDonald's workers: Don't take financial advice from fast food franchises.
Suggestion to McDonald's (MCD) executives: Instead of spending money trying to show your workers how they can survive on extremely little, give them a raise.

I usually save that sort of commentary of my other blog, but there it is.

Millennials Will Carry Markets, Economy to Next Level: Don Hays

"It's going to be very similar to what happened way back in 1980 when you had another generation taking the controls," Hays says. "They are going to usher us into a new world, just like we ushered an older generation into a new world."
I'm not convinced that millennials will do any such thing.  There are too many issues with milennials.  For example, the article says that this generation has "spent nearly 15 years trying to get a good job, that's equivalent to what their talents are."  That can also mean that they've spent 15 years letting their skills become rusty and outdated.  Another example: "As a group [millennials] are much more globally oriented and comfortable with new technologies."  My observation is they are more dependent on new tech.  There seems to be a relative dearth of actual thought.  But, maybe someone will be able to develop "an app for that."

Wall Street gains after Fed chief cites flexible policy
Stocks rose modestly on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank's plan to start winding down its monetary stimulus later this year depended on the economy's performance.
Is there somebody out there that didn't already know that Fed policy depended on economic performance?  Of course, as of the time of this writing, I wouldn't even say that stock's were up "modestly."  Probably from a statistical point of view, the change is not significantly different from zero.  So, maybe everybody did already know this bit of "news."

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