Photo on Facebook page went viral.
One California Taco Bell worker really loves tacos—too much, says the fast-food chain that fired him after a photo of the uniformed employee licking a stack of shells posted on the company’s Facebook page went viral. The photo was taken as part of a contest where employees were instructed to submit pictures of themselves “enjoying their first bite of the product.” In a statement, Taco Bell attempted to allay fears of disgusted diners everywhere saying that the shells were only being used during a training exercise and were on their way to the trash bin—not to customers. Still, ew.
A new report says Obamacare will help boost firm formation. Don't break out the champagne just yet.
Is Obamacare about to unleash a wave of entrepreneurship? A National Journal article, based on a new report from the Robert Woods Johnson suggests that it will. The researchers estimate that as many as 1.5 million new people may enter self-employment now that they can count on getting insurance. If they're right, we could certainly use the boost: young firms are responsible for a disproportionate share of job creation, and they're also the engine of creative destruction in the American economy.
Developed plan for years.
Watch out, Whole Foods and Walmart, Amazon is making a move into one of the last brick-and-mortar retail sectors: groceries. As it looks to maintain its growth rate, the company is planning on expanding AmazonFresh outside its home base of Seattle beginning with Los Angeles and the Bay Area. If the rollout goes as planned, AmazonFresh could be coming to a city near you.
A-Rod, Ryan Braun, others affected.
The biggest performance-enhancing-drug scandal in American sports history could potentially be upon us, as Major League Baseball seeks to suspend about 20 players, including Alex “A-Rod” Rodriguez and Ryan Braun, in connection with an investigation of a Miami clinic that allegedly provided steroids. ESPN reports that Tony Bosch, the founder of the clinic, has reached an agreement to cooperate with the investigation and will begin handing players’ names to officials within a week. Penalties may be 100-game suspensions and could be announced in two weeks. Bosch and several players previously denied any connection to performance-enhancing drugs.
According to investigation by the Daily Mail.
Next time you order a drink, make sure to ask for no ice. A new study by the Daily Mail found that six out of 10 of Britain’s most popular chains serve ice that contains more bacteria than their toilet water. The ice was from McDonalds, Burger King, KFC, Starbucks, Café Rouge, and Nando’s. Four had high enough levels of microbes to be described as a “hygiene risk.” Experts say the results stem from the ice machines being cleaned less often than the toilets or from employees failing to wash their hands.
John Browne, the former CEO of BP who resigned when details of his romantic life became public, now says gay marriage is good for business and of strategic importance.
by Steve LeVine Former BP CEO John Browne was so private about his homosexuality that it emerged only when an estranged lover divulged their relationship to a tabloid. In his attempt to block publication, he lied to a judge about how he had met the man, and ended up being forced to resign. Today, however, Browne, now a member of Britain’s House of Lords, spoke out forcefully in favor of a proposed law making gay marriage legal in the country.
Google Glass may have just lost the teenage-boy demographic. After much fanfare over POV porn apps on Google Glass, Google has moved to change its policies to ban porn.
by Cadie Thompson Google Glass officially got its first porn app, but the thrill may not last for long if Google has its way."We have just learned that Google changed their policy over the weekend to ban our porn app for Google Glass. The website will function as normal, but we are making changes to the app to comply with the new policy," MiKandi CEO Jesse Adams said in a blog post Monday evening.The MiKandi's app, called Tits & Glass, allows users to view and share pornographic content from a point-of-view angle.
In the largest Chinese acquisition of an American company, the Shuanghui Group said it would buy the nation’s largest pork producer for $4.7 billion. But not so fast, says Congress. Josh Rogin reports.
The congressman whose district hosts America’s largest pork producer on Tuesday called for an investigation into a Chinese company’s bid to take it over.Virginia Republican Rep. Randy Forbes represents the district where Smithfield Foods is headquartered and has its largest base of operations. Last week China’s Shuanghui Group announced it was planning to acquire Smithfield for $4.7 billion, which would make the deal the largest ever Chinese acquisition of an American company.
Frosted Mini-Wheats don’t help kids concentrate.
It turns out Frosted Mini-Wheats aren't so good for you, and now Kellogg's will pay $4 million to settle a class-action suit accusing them of falsely implying that the cereal could help kids concentrate. In 2008 and 2009, the company aired commercials that claimed the sugary cereal could improve cognitive function and was “clinically shown to improve kids’ attentiveness by 11 percent” even though there wasn’t scientific evidence to back it up. People who bought Frosted Mini-Wheats will be able to submit a claim to be compensated up to $15 for three boxes of cereal.
Those that pose risk to U.S. financial system.
The Financial Stability Oversight Council voted on Monday to place non-bank companies that are risks to the financial system under supervisions similar to those of banks. The entities in question, hedge funds and private-equity firms, will be placed under the purview of the Federal Reserve and other authorities. The move comes three years after the passage of the Dodd-Frank financial-reform legislation, which called for defining which non-bank companies threatened the financial system. While no companies have been named, AIG, GE Capital, and Prudential have said they were among those singled out.
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With news of potential Fed tapering, Julie Hyman joins In the Loop with Betty Liu on Bloomberg News to give analysis of market reaction.
Labor markets aren't adjusting to the disappearance of certain kinds of work
More U.S. workers means more people paying taxes— and a $197 billion cut in the deficit. By Daniel Gross.