Take That Tsipras! Greece Agrees to Terms. Well, Maybe; Big Retailer Black Friday Smackdown; The New Campaign to Get Young Americans Work

What would Plato do…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Stocks all over the world went back up and all seems right in the universe once again now that the Greeks don’t have to bail on the euro anymore – well, for now anyways. $95 billion in even more aid is headed to the government in Athens. But boy are the Greeks in for it. In exchange for this, dare I say it,  bailout, major reforms are in the works for the country’s pension system. And then there all those taxes they’re going to have to pay. Well, you gotta pay that money back somehow right? Maybe some sort of debt relief will come in the form of reduction, extended payments or even – don’t let the Germans see this one – partial forgiveness. But all of this is still talk, despite some verbal agreements from Greek Prime Minister Alexis Tsipras, since Greece’s Parliament sill needs to give its official thumbs up. In any case, at least the country’s banking system isn’t expected to come crashing down anytime soon. So yay.

Beating the holiday rush…

Image courtesy cooldesign/FreeDigitalPhotos.net

Image courtesy cooldesign/FreeDigitalPhotos.net

Wal-Mart wants in on the Black Friday fun and is making sure Amazon’s Prime Day doesn’t get all the retail glory. The world’s largest retailer will also be slashing prices on thousands of items this week. Except Wal-Mart calls these discounts “rollbacks.” Just sayin’. Unlike Amazon, you don’t have to buy a special membership in order to get its great deals. “We just don’t believe you should pay a fee to get a better price,” Walmart’s Ravi Jariwala graciously explained. As if that wasn’t enough, free shipping comes with a just a $35.00 minimum, as opposed to the $50.00 minimum it usually requires. Wal-Mart has been losing a lot of ground to Amazon’s e-tail dominance in recent years and knows it has to up its “A” game. Which is all good news for consumers who get to reap the rewards here. Wal-Mart does have plans in the future to offer a similar membership program like Amazon’s Prime, but it will be half the price. As for the other big retailers gearing up for some Black Friday fun, Target and Best Buy will be joining in so get ready to whip out your plastic.

Percolating…

Image courtesy of ddpavumba/FreeDigitalPhotos.net

Image courtesy of ddpavumba/FreeDigitalPhotos.net

Howard Schultz found a way to rebound from his last poorly received social campaign. But this time around, people will agree he got it right. Dubbed the 100,000 Opportunities Initiative, the goal is to take 16-24 year olds from low-income areas, who are neither studying nor working, and give them gainful employment opportunities. In fact, there are about 3.5 million jobs up for grabs that don’t require a college degree and Starbucks, along with other more than a dozen other top U.S. companies, including Microsoft and Alaska Airlines, are eager to fill them. Like now. There are approximately 5.6 million young Americans who this initiative is targeting and who are eligible for these opportunities which range from full-time positions to internships and everything in between. Wall Street certainly digs Howard Schultz’s idea as well. Shares of Starbucks hit an all time high today.

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