free market

Walmart Goodies: retail giant goes gourmet

"'For only $7 a month, including tax and shipping, subscribers receive a gift box at their doorstep filled with five to eight hand-picked taster samples ranging from healthy and organic to artisan and ethnic,' Walmart said in a statement Wednesday. 'The new Goodies Co. box underscores Walmart’s commitment to e-commerce and its use of social innovations to create new offerings for consumers.' Goodies has been in beta testing for a few months, and now has over 3,000 subscribers, according to the company. The more popular products have a good chance at eventually being offered in Walmart stores." Continue reading →

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Oklahoma Doctors vs. Obamacare

"Three years ago, Dr. Keith Smith, co-founder and managing partner of the Surgery Center of Oklahoma, took an initiative that would only be considered radical in the health care industry: He posted online a list of prices for 112 common surgical procedures. The Surgery Center's consumer-driven model could become increasingly common as Americans look for alternatives to the traditional health care market—an unintended consequence of Obamacare. Patients may have no choice but to look outside the traditional health care industry in the face of higher costs and reduced access to doctors and hospitals." Continue reading →

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Swiss middle class real income continues to rise

"Switzerland’s middle class has never enjoyed as much income as it does today, but the richest and poorest groups of the population have seen theirs grow more substantially. Sixty to 80 per cent of the Swiss population are considered middle class. A couple without children with a revenue between SFr67,000 ($70,800) and SFr150,000 belongs to this category, as does a couple with children and income between SFr94,000 and SFr210,000. Over the past 20 years, real income for the Swiss middle class has increased six to eight per cent, better than in most other countries." Continue reading →

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Wal-Mart workers plan Black Friday walkout

"A group of Wal-Mart workers are planning to stage a walkout next week on Black Friday, arguably the biggest holiday shopping day for the world's largest retail store. The walkout builds on an October strike that started at a Wal-Mart in Los Angeles and spread to stores in 12 other cities. More than 100 workers joined in the October actions. According to Anthony Bianco, author of Wal-Mart: The Bully of Bentonville, butchers at a Wal-Mart supercenter in Jacksonville, Texas, voted to form a union in 2000 -- the first time employees had done so. But soon after that, Wal-Mart eliminated butcher departments in its stores across the country." Continue reading →

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1 Million Robots To Replace 1 Million Human Jobs At Foxconn? First Robots Have Arrived.

"While consumers began to complain in response to media coverage over working conditions, prompting Apple to hire an audit of the factories, Foxconn’s President Terry Gou had another idea for dealing with labor concerns: replace people with robots. In fact, last year Gou said that the company would be aiming to replace 1 million Foxconn workers with robots within 3 years. It appears as if Gou has started the ball in motion. Since the announcement, a first batch of 10,000 robots — aptly named Foxbots — appear to have made its way into at least one factory, and by the end of 2012, another 20,000 more will be installed." Continue reading →

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Hostess, maker of Twinkies, to go out of business after nationwide strike

"Hostess Brands Inc., the company that makes Twinkies and Wonder Bread, has asked a judge for permission to go out of business and lay off 18,500. The company is blaming its decision to shut down on a labor strike by members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union, but Americans’ appetite for junk food has been waning in recent years. 'We deeply regret the necessity of today's decision, but we do not have the financial resources to weather an extended nationwide strike,' Gregory F. Rayburn, Hostess' chief executive, said in a statement." Continue reading →

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WordPress.com criticizes PayPal, credit card firms for restrictions, now lets you pay with Bitcoin

"To justify the additional payment method, the company noted that PayPal alone blocks access from over 60 countries, and many credit card companies have similar restrictions, for political reasons, financial reasons, and/or due to higher fraud rates. If you’re already using Bitcoin, Automattic says you’ll find this payment method even easier than paying by credit card. You’ll see the amount due in BTC and the address of a wallet created just for your transaction. As soon as the company receives notification of the transaction, your purchase is complete." Continue reading →

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Berlin Becomes Latest ‘Bitcoin Hotspot’

"While Bitcoin’s traction has primarily occurred online through exchanges and with merchants who sell online, its use as a payment method for purchases at bricks-and-mortar retailers and for in-person trade is not found that widely just yet. There is progress though and it is occurring in geographic areas where clusters of Bitcoin enthusiasts exist. In these areas are the first real-world merchants that are finding commercial success from accepting the cryptocurrency. A growing cluster growing in Berlin is the latest (and potentially the largest) to form." Continue reading →

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