Up up and away….

Image courtesy of xedos4/FreeDigitalPhotos.net

Image courtesy of xedos4/FreeDigitalPhotos.net

We had another good month, at least according to the Labor Department anyways, which graciously just informed us that 214,000 jobs were added in October. But it gets even more exciting because the unemployment rate dropped. Yes you read that correctly, my fiscal minded friend. Instead of the unemployment rate hovering in the 5.9% range, that rate now hovers around (drum roll please) 5.8%. Yep that .1% drop actually means super huge things. Unfortunately those smug analysts estimated that about 16,000 more jobs would be added. But oh well, what’re you gonna do? The government happened to have added 5,000 of those jobs, by the way. And speaking of more labor, it would seem that the average amount of time Americans work per week has gone up as well. By ten minutes, that is, if my math is correct. So now we collectively work, on average, 34.6 hours per week. No matter how you personally feel about the amount of time you work. Just know that an increase like that is also a good sign. But if you prefer to work less, hey, far be it from me to stop you.

Gone phishing…

Image courtesy of Mister GC/FreeDigitalPhotos.net

Image courtesy of Mister GC/FreeDigitalPhotos.net

It wasn’t enough that Home Depot now holds the dubious distinction of having suffered the LARGEST data breach. Ever. I’m sure Target’s pretty stoked not to be rocking that honor anymore. But now, it seems that in addition to the 56 million debit and credit cards that were compromised, 53 million email accounts were also stolen. So what do these hackers intend to do with all those email accounts? Well, phishing attacks are definitely on their to do list.  The unfortunately resourceful hackers entered Home Depot’s system through vendor accounts using usernames and passwords. The breach happened between April and September. Apparently, that was how Targets data breached was executed as well.

Fitched out…

Image courtesy of ddpavumba/FreeDigitalPhotos.net

Image courtesy of ddpavumba/FreeDigitalPhotos.net

It’s no coincidence that you’ve been noticing a lot less of Abercrombie and Fitch logos flitting about. But maybe you never noticed them to begin with. In any case, the company just released its earnings and they were way untrendy. The company’s target demographic, teenagers, and by that I do mean that portion of the human population that changes its mind quicker than you can say…well anything…may be flocking to the mall but they’re not flocking to A&F. That goes even more so for its Hollister brand. Our tres tres trendy pals across the pond also have seem to moved on to other brands as well. In fact the retailer hit a two-year low. Analysts expected revenues over $982 million. But instead the retailer took a 12% hit getting just past the $911 million mark.  Last year at this time the company pulled in over a billion dollars.


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