today’s news … Thursday, January 26, 2012

today’s news and information gleanings from here and there! 

Quote for todayWe can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by. Or we can restore an economy where everyone gets a fair shot, everyone does their fair share and everyone plays by the same set of rules.” – President Barack Obama, 2012 State of the Union

  • “It is inaccurate to think that all retirees do not work. In fact, as of the end of last year, 7.3% of Americans 75 and older were employed — the highest level since 1966, according to The Wall Street Journal. But as the number of job seekers among retirement-age people has increased, so has the unemployment rate among that age group. It is now twice what it was five years ago. Read more here. – 24/7Wall Street
  • POLICE LOG: “MARIETTA: Michele L. Baillis, 23, of 3 W. Fairview Ave., Marietta, was charged after allegedly creating a disturbance at Kirchner’s Korner, 30 W. Market St., Monday night. – MARIETTA: Matthew M. Fryberger, 19, of 388 E. Front St., Marietta, was charged after allegedly yelling at a woman outside his home Jan. 5. – EAST DONEGAL TWP.: Thomas S. Krzykowski, 29, of 12 Hampshire Court, Marietta, was charged after an alleged physical altercation with a woman at his home on Jan. 14.” – Lancaster Intelligencer Journal/New Era
  • “Everyday low pricing do-over” – “JCPenney aims to draw shoppers with everyday low prices …” – Cleveland Plain Dealer
  • The news on the financial pages of today’s Lancaster Intelligencer Journal/New Era ought to be disturbing for the average wage-earning citizen [NOTE: These are “opinions”]: Bon-Ton’s new president will be paid at least $5,700,000 a year. The new CEO comes from Lord & Taylor; this is probably related to the just announced acquisition of Lord & Taylor by Canadian company, Hudson’s Bay Co. and this announcement in the Vancouver Sun: “Bonnie Brooks has been named president of Hudson’s Bay Co. as part of its purchase Monday of U.S. sister company Lord & Taylor Holdings LLC and will run both The Bay and the department store chain Lord & Taylor.” – “Susquehanna Bancshares on Wednesday posted sharp increases in net profits available to common shareholders for the fourth quarter and full year. The quarter’s net profits surged 96.4 percent to $19.1 million (12 cents a share), up from $9.7 million (8 cents a share) in 2010’s fourth quarter. For the full year, net profits more than tripled to $54.9 million (40 cents a share), up from 2010’s $16.3 million (13 cents a share).” Aren’t you just thrilled that a bank that was the recipient of $300,000,000 in bail-out funds is having a surging profit? And Wells Fargo is crowing about “WELLS FARGO REPORTS RECORD QUARTERLY AND FULL YEAR NET INCOME – Q4 Net Income of $4.1 billion; Q4 Revenue of $20.6 billion” – then again this bank was given $25,000,000,000 bail-out funds in 2008. How do you think you would be doing today if you were given “bail-out bucks” in 2008?

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