Wednesday, January 13, 2016

Globe Grindr For Lunch

Job postings rise 1.5 percent in November

Smells like $hit.

"One of China’s newly-minted technology billionaires signed a deal to buy a controlling stake in Grindr, the gay social-networking app. Beijing Kunlun Tech Co., an Internet games company that helped introduce Angry Birds to China, offered $93 million in cash for 60 percent of New Grindr LLC, the company said in a statement to the Shenzhen stock exchange. Beijing Kunlun chairman Zhou Yahui, worth $1.7 billion according to the Bloomberg Billionaires Index, has overseen seven deals for Kunlun since April — including Grindr and a minority stake in British mortgage lender LendInvest Ltd. Grindr, which calls itself the world’s largest gay social network, hosts 2 million visitors daily across 196 countries, according to a company fact sheet. The Los Angeles-based mobile app was released in 2009 and matches users based on personal photos and location. China’s attitude toward homosexuality has undergone a radical transformation in the past decade. Recently, the gay scene has seen a resurgence. Blued, a domestic gay social-networking app founded by a former police officer, has attracted more than 3 million daily users and secured funding from venture capitalists DCM Ventures."

That's a mouthful, huh? 

China promoting gay lifestyle isn't hard to understand when you consider their population control problems and the controversial abortion alternative they have been using.

BP to eliminate 4,000 more jobs

OSHA tells Amazon to improve N.J. warehouse

What could be wrong there? 

Be better off without you.

Price of cocoa takes a tumble

Complaint hits McDonald’s treatment of franchisees 

Not supposed to talk with my mouth full, but.... I gotta go to China to get a cup of coffee?

It guess it's all the war talk (and threats over an unconfirmed and doubtful test) that is making me gag.

I saved the other half for breakfast:

‘‘While there is widespread skepticism over the H-bomb claim, whatever the North detonated underground last week will likely [be] capable of wiping out the whole territory of the U.S. all at once.’’ 

Chew on that one for a while.

Stocks slide as worries persist

I keep telling you it's the slowing economy (which is also behind the drop in oil prices):

"CSX Corp. fell to its lowest price in almost three years as demand for rail cargo is expected to drop this year in what chief executive Mike Ward called a ‘‘freight recession.’’ Coal carloads will decrease and demand for international freight will be hurt by the strong dollar, CSX executives said on a conference call with analysts Wednesday. The only bright spots this year will be shipments of autos and housing. Railroads have cut costs and raised prices to make up for the cargo weakness that began last year. Freight fell 2.5 percent for all large US rail companies after the declines accelerated to 6.5 percent in the fourth quarter, according to the Association of American Railroads."

Railroads have a ripple effect, folks. 

If there are less goods being delivered.... you do the math.

"Burlington Stores, the parent company of Burlington Coat Factory, on Tuesday said comparable-store sales were expected to be up 4 percent in the fourth quarter — but only if you don’t count the coats. The warm winter has wreaked havoc on clothing sellers unable to get rid of the jackets, sweaters, gloves, hats, and boots languishing on store racks and shelves. Businesses in the United States stand to lose about $572 million because of the oddly warm conditions, according to weather intelligence firm Planalytics. Outerwear, such as coats and parkas, was particularly hard-hit, with demand dipping 10 percent in December." 


“The future path . . . will be highly dependent on our evolving outlook.” 

Says who?