Archive for the 'Collapse' Category
GREEK MILITARY CHIEFS REPLACED
November 2nd, 2011Via: Telegraph: As Greek poltics grew ever more chaotic strong political protests erupted as the government moved to replace military chiefs with officers seen as more supportive of George Papandreou, the prime minister. In a surprise development, Panos Beglitis, Defence Minister, a close confidante of Mr Papandreou, summoned the chiefs of the army, navy and […]
MF Global: Hundreds of Millions of Dollars Missing from Customer Accounts
November 1st, 2011Via: New York Times: Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the company’s operations as it filed for bankruptcy on Monday, according to several people briefed on the matter. The revelation of the missing money scuttled […]
MF Global’s Collapse Ripples Through Futures Exchanges
November 1st, 2011Via: Reuters: The fallout from the collapse of MF Global Holdings Ltd rippled through global exchanges on Tuesday, as operators moved to suspend the U.S. futures broker or limit trades of its customers. MF Global filed for bankruptcy protection on Monday following bad bets on euro zone debt. London clearing house LCH.Clearnet declared it a […]
MF Global Going Down
October 31st, 2011Via: Bloomberg: MF Global Holdings Ltd., the futures broker run by Jon Corzine, was suspended from conducting new business with the New York Federal Reserve today after posting a record loss. The firm’s board met through the weekend in New York to consider options, according to a person with direct knowledge of the situation. It […]
Northeast: Snowstorm Leaves Two Million Homes Without Electricity
October 30th, 2011Update: Three Million Homes and Businesses Without Electricity —End Update— Via: Reuters: Transportation in the Northeast was hard-hit on Sunday by a rare October snowstorm that also cut power to more than 2 million homes and killed at least three people. The heaviest snow was recorded in Western Massachusetts, where 27.8 inches/(71 cm) was measured […]
Oakland: Former U.S. Marine and Protestor in Critical Condition After Being Shot in the Head by ‘Police Projectile’
October 27th, 2011Via: AFP: An Iraq war veteran was critically injured after riot police fired tear gas to disperse hundreds of anti-Wall Street protesters near San Francisco, supporters said Wednesday. Officers also fired bean bags but denied using rubber bullets to quell protest on Tuesday in Oakland, California, where unrest erupted after a protest camp was broken […]
Fukushima’s Cesium-137 Fallout Double What Government Claims
October 26th, 2011Via: Slashdot: “A new study posted for open peer-review suggests that the nuclear reactors at Fukushima Daiichi released far more radiation than the Japanese government initially estimated. The study [PDF] uses global radioisotope and meteorological data to calculate the size of the release from the plant. Nature News reports that, contrary to official claims, the […]
Race Against the Machine
October 26th, 2011A few weeks ago, a reader sent me a gift, an ebook from Amazon. I don’t have a physical Kindle reader, so I downloaded the Kindle application for Windows and, in a few seconds, I was able to read the book. I went to look at the Amazon page for the book, A Zombie Prescription […]
German Officials: Bailout Fund Will Top €1 Trillion
October 24th, 2011Via: AP: The eurozone bailout fund will see its firepower increased to more than €1 trillion ($1.39 trillion) to enable it to contain the debt turmoil that threatens to rip apart the 17-nation eurozone, according to German lawmakers briefed Monday by Chancellor Angela Merkel. Eurozone governments hope the €440 billion ($600 billion) European Financial Stability […]
Unpaid Student Loans Top $1 Trillion
October 20th, 2011This whole student loan apocalypse is another confetti currency bubble scam. There are many parallels to the housing bubble, except, of course, that people can’t live inside those useless degrees obtained with borrowed money that can never be repaid. The availability of the loans is driving ludicrous tuition increases, just like the funny money mortgages […]
