Archive for October, 2008

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Australia’s Banking System Nearly Collapsed, Says Prime Minister

October 30th, 2008

Via: Daily Telegraph: PRIME Minister Kevin Rudd, vowing to “level with the Australian people”, last night indicated the Australian banking system was on the brink of collapse two weeks ago. Mr Rudd said confidence in local banks was fading as institutions in other countries were given government guarantees. The Government decided to grant its own […]

They Made a Killing: The Use of Knowledge of Covert Operations in the Stock Market

October 30th, 2008

Let’s first take a quick look at, Insider Crimes, Funny Money and Options Rackets: I had always assumed the entire business of the markets to be a massive criminal enterprise that allowed public participation simply because it made a few people extremely wealthy. But, I wondered, when do the fewest people make the most money […]

Wheat Soars Most in 20 Years on Federal Reserve’s Rate Decrease

October 30th, 2008

Via: Bloomberg: Wheat rose the most in at least 20 years on speculation the Federal Reserve and European Central Bank would cut interest rates, increasing liquidity and freeing up capital that will allow buyers to purchase U.S. supplies. Investors bought baskets of commodities including energy, metal and grain futures on expectations the Fed would cut […]

Container Ships Sitting Empty as Global Trade Slows; Greece Faces Dire Economic Consequences

October 30th, 2008

Via: Telegraph: Freight rates for shipping are crashing at the fastest pace ever recorded as banks shut off credit lines to the industry, precipitating a sudden crunch in world trade. The Baltic Dry Index measuring rates for coal, iron ore, and grains, and other dry goods plummeted below 1000 yesterday, down 92pc since peaking in […]

Copper Fittings ‘All But Eliminate Superbugs’

October 30th, 2008

Via: Telegraph: The study, funded by the copper industry, found copper fittings rapidly killed bugs such as MRSA and C difficile – bugs which claim thousands of lives a year. Trials at Selly Oak hospital, in Birmingham, found copper taps and toilet seats helped significantly reduce the presence of the bug. Copper is a common […]

Argentina Seizes Private Pensions; Aftermath

October 30th, 2008

Via: AP: The Argentine Central Bank spent nearly $1 billion Wednesday to support its precipitously falling currency as fears of a pension funds takeover drove the peso to its lowest level in nearly six years. The peso closed Wednesday at 3.39 to the dollar after plummeting to 3.44 in the early afternoon amid concern that […]

Iran Opens New Naval Base at Mouth of Persian Gulf

October 30th, 2008

Via: Guardian: Iran yesterday signalled its intention to extend its military presence in the world’s most important oil conduit, opening a new naval base at the mouth of the Persian Gulf and adding weight to its threats to choke off oil supplies, if the Islamic Republic came under attack. The inauguration of the new base […]

Japan Announces $275 Billion Stimulus Package

October 30th, 2008

Via: AP: Japan’s Prime Minister Taro Aso announced a 27 trillion yen ($275 billion) stimulus package Thursday for the world’s second-largest economy, including credits and loans to help small businesses, a reduction in highway tolls and a cash payback to households. Aso said the move was intended to shore up Japan’s economy amid the worldwide […]

Microsoft Patents Web Moderator Robots

October 29th, 2008

This is a real time Ministry of Truth tool that can change content as it’s moving over the web. Filters are great, as long as individuals are in control of them. For example, I don’t want to ever see any stories that contain the words McCain, Obama, Biden or Palin on Reddit. These stories waste […]

International Student Loan Fugitives

October 29th, 2008

Via: CNN: When faced with unaffordable monthly payments and relentless creditors, some see leaving the country as their only way out. Carl, a Florida native now living overseas, is afraid to move back to the United States. That’s because he can’t afford to pay his student loans. Carl (who doesn’t want his last name used) […]

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