Monthly Archives: August 2013

Fast-Food Strike Means Time to Buy Gold

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“It’s clear from the stories I read that Burger Nation doesn’t realize the predicament it’s in, nor does it understand the law of unintended consequences. Push on a balloon in one spot, a bulge appears elsewhere … which is to say that the status quo with consumer prices today will not be the status quo tomorrow when wages are $15 an hour. Salaries will go up, but so too will consumer prices, and the spending power of $15 will feel exactly like the spending power of $7 to $10 – and workers will have essentially gone nowhere economically, though America could find herself hamstrung by a new financial crisis — runaway inflation.”

http://sovereign-investor.com/2013/08/29/fast-food-strike-means-time-to-buy-gold/

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Fast food workers strike in 50 cities to demand wages of $15/hour, right to unionize

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“The protest movement first began in New York last November with a strike by 200 workers but quickly spread across the country with strikes in July taking place in Chicago, Detroit, Flint, Kansas City, Milwaukee and St Louis. On Thursday organizers said the strike will hit some 1,000 major fast-food restaurants, including Burger King, Wendy’s, Taco Bell, Pizza Hut and KFC. ‘Hold the burgers, hold the fries, make worker wages supersize!’ read a tweet from Fight for 15, a workers organizing committee.  ‘Many of these workers have children and are trying to support a family,’ said Mary Kay Henry of the Service Employees International Union, which is supporting the strike.”

http://www.rawstory.com/rs/2013/08/29/fast-food-workers-strike-in-50-cities-to-demand-wages-of-15hour-right-to-unionize/

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Detroit McDonald’s Forced To Close Amid Protest For Higher Wages

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“A local McDonald’s restaurant was forced to close after its employees walked out and hundreds gathered outside to protest for higher wages.  The restaurant on 8 Mile and Lahser roads along the Detroit/Southfield city line was just one location locally where fast food workers are participating in a nationwide ‘walkout for better wages.’  Over 200 protestors crowded the restaurant, carrying signs that read ‘We are worth more. Strike for 15,’ as in $15 an hour.  The National Restaurant Association says the low wages reflect the fact that most fast-food workers tend to be younger and have little work experience.”

http://detroit.cbslocal.com/2013/08/29/local-mcdonalds-forced-to-close-amid-protest-over-higher-wages/

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Students and parents boycott Chicago schools to protest new city budget

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“WBBM-TV reported that the march was also held to call attention to the city’s planned school budget of $5.58 billion, which includes a cut of about $68 million from classroom services that opponents argue targets schools in communities of color.  According to WGN-TV, the protest, part of a group of demonstrations in 25 cities around the country against school budget cuts, was quickly criticized by Mayor Rahm Emanuel. ‘I do not think it’s appropriate to advocate that children stay out of school,’ he said at a press conference on Tuesday. ‘You wanna make a statement? Go to the courtroom. Don’t take it to the classroom.'”

http://www.rawstory.com/rs/2013/08/28/students-and-parents-boycott-chicago-schools-to-protest-new-city-budget/

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Fraternity investigated over Facebook pics of drugs and underage girls

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“One of the largest university fraternities in the US was under a new police investigation on Tuesday after the suspension of a Florida chapter whose students set up a Facebook page allegedly advertising drugs and featuring photographs of topless or semi-nude underage girls. The Facebook page has since been taken down, but screen grabs leaked to the Miami Herald and Miami New Times last week show posts from students seeking cocaine or selling Adderall, a popular stimulant ‘study drug’ that enables users to stay awake. In addition, a caption below one photograph of a topless girl claims she was 17 when the picture was taken.”

http://www.rawstory.com/rs/2013/08/27/pi-kappa-alpha-fraternity-in-florida-investigated-over-facebook-pics-of-drugs-and-underage-girls/

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Alabama candidate wins by 72 votes after sorority offers voters free drinks

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“An candidate for the Tuscaloosa City School Board in Alabama has appeared to defeat his opponent by just 72 votes after a sorority got behind him by offering free drinks and limo rides to the polls to encourage people to vote. In all, more than 60 percent of the people who signed up to vote during the final week were college-aged women.  In an email obtained by Al.com, University of Alabama sorority members were promised ‘incentives’ to vote for Cason Kirby and Lee Garrison. On Tuesday, stretch SUV limousines, vans and a passenger bus were seen taking students from Sorority Row to the polling place.”

http://www.rawstory.com/rs/2013/08/29/alabama-candidate-wins-by-72-votes-after-sorority-offers-voters-free-drinks/

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Why bitcoin has a firm foothold in the online gambling world

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“What’s interesting in bitcoin-based gambling sites is how many of them are possibly more transparent than traditional casinos or other online sites. That’s because with the block chain being a public ledger, all that an inquisitive gambler would need to do is follow the transactions from a site’s bitcoin address. It’s no wonder, then, that sites like SatoshiDice show the latest plays being transacted on the site and claim to be ‘provably trustworthy’. In addition, some sites even publish how they implement their random number generator. BitSaloon, for example, defines itself as a ‘provably fair casino’ meaning that the site operators cannot modify the outcome of any particular game.”

http://www.coindesk.com/the-wild-world-of-bitcoins-and-gambling/

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CoinTerra, The Evolution of Bitcoin Mining

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CoinTerra, The Evolution of Bitcoin Mining

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Do bitcoins belong in your retirement portfolio?

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“For years, investment firms and professionals have advocated the need to include a small percentage of high risk and potentially high reward assets into your retirement portfolio. The thinking is that including a small percentage of your overall asset allocation (from 5% – 10%) into these assets can provide high potential returns with only a small impact on your portfolio if the risk becomes too great. Robert Powell wrote on this site recently of how defined benefit plan managers often go beyond stocks and bonds to achieve high returns by pursuing more ‘nontraditional strategies’.”

http://www.marketwatch.com/story/do-bitcoins-belong-in-your-retirement-portfolio-2013-08-29/print?guid=4DE2A39D-FD76-4322-87FB-7B44B647E5C0

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