Bizzy’s AM Coffee Biz-Econ Links (020606)
Free Links:
- E-mail will cost? — There was an urban-legend e-mail years ago about how the US Postal Service was going to impose a tiny fee on each and every e-mail sent. It wasn’t true, but this plan is: ” America Online and Yahoo, two of the world’s largest providers of e-mail accounts, are about to start using a system that gives preferential treatment to messages from companies that pay from 1/4 of a cent to a penny each to have them delivered. The senders must promise to contact only people who have agreed to receive their messages, or risk being blocked entirely.” Stay tuned, this one will get interesting.
- Up or down? — The Consumer confidence and sentiment surveys disagree. On Tuesday, the Conferece Board said consumer confidence was at a 3-year high. On Friday, the University of Michigan consumer sentiment survey went slightly lower.
- Dinsosaurs congregate — It gives me no pleasure to report this: The United Auto Workers is having a 4-day meeting this week to discuss, according to the AP link, how to “strengthen (the) manufacturing base.” The suggestions (universal health care, restricting trade, and tax gimmicks) have nothing to do with what they’re trying to accomplish. If the labor half of GM’s and Ford’s twin dilemmas doesn’t get serious, the companies and their shareholders are in for agony.
- January Retail Sales were strong — Up 5.1% on the whole vs. 3.8% a year ago, even after a strong Christmas season. Wal-Mart had its best month since May 2004. The article mentions gift-card redemption as a factor; I also think a relatively mild weather month was an influence.
- One-sided African Aid Story — The Free Market Project catches ABC promoting more foreign aid to Africa, while totally ignoring its sorry, corrupt history. This BizzyBlog blast from the past notes that some Africans have wised up to the idea that foreign aid has been counterproductive.
- The David Souter eminent-domain gambit suffered a major setback — At what appears to have been a town meeting, and after some debate and modifications to a petition submitted by residents, “they approved substituting a request that town officials not seize Souter’s home by eminent domain; and urging Gov. John Lynch and the Legislature take action to make sure property can’t be taken through eminent domain and handed over to private developers for economic development purposes.” Proponents of the idea of putting the seizure of Souter’s 8-acre property say the idea isn’t dead, but it looks to be barely breathing.
- Upheld as “not excessive” — A $79.5 million punitive damages award to the family of one smoker who died at age 67. Uh-huh.
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- Hmm — Per Biz Weak, more than 300,000 Chinese have a net worth of over $1 million, excluding real estate.














