Archive for the 'Elite' Category
Plutocrats in Drag Joke About Financial Crisis at Private Party
February 18th, 2014Via: New York Magazine: “Good evening, Exalted High Council, former Grand Swipes, Grand Swipes-in-waiting, fellow Wall Street Kappas, Kappas from the Spring Street and Montgomery Street chapters, and worthless neophytes!” It was January 2012, and Ross, wearing a tuxedo and purple velvet moccasins embroidered with the fraternity’s Greek letters, was standing at the dais of […]
‘American Dream Seen as Out of Reach’
February 13th, 2014Any excuse to post this clip… Via: McClatchy: Racing into a new century in which many of the old rules don’t seem to apply anymore, Americans are overwhelmingly pessimistic about their chances of achieving and sustaining the American dream, according to a new Marist-McClatchy Poll. They see an economic system in which they have to […]
Foxconn Working With Google on Robotics
February 11th, 2014Via: Wall Street Journal: People familiar with the matter told The Wall Street Journal that Foxconn has been working with former Android executive Andy Rubin since last year to carry out the U.S. company’s vision for robotics. To speed up robot deployment at its own factories, Foxconn Chairman Terry Gou met with Rubin in Taipei […]
Google to Run and Renovate U.S. Government Airfield
February 11th, 2014Via: AP: The U.S. government has picked a Google subsidiary to run and renovate a federal airfield that is frequently used for the personal flights of the Internet company’s billionaire executives. The decision announced Monday clears the way for Google’s Planetary Ventures LLC to take over management of the 1,000-acre Moffett Federal Airfield, a former […]
Professor Tyrone Hayes, Atrazine and Syngenta
February 5th, 2014That atrazine is dangerous is just the opener. The PSYOP that Syngenta is running against Hayes is incredible. Via: The New Yorker: Hayes published his atrazine work in the Proceedings of the National Academy of Sciences a year and a half after quitting the panel. He wrote that what he called “hermaphroditism” was induced in […]
Iceland Let Banks Fail, Jailed Criminal Bankers and Now Has Only 4% Unemployment
January 29th, 2014Via: Bloomberg: Iceland let its banks fail in 2008 because they proved too big to save. Now, the island is finding crisis-management decisions made half a decade ago have put it on a trajectory that’s turned 2 percent unemployment into a realistic goal. While the euro area grapples with record joblessness, led by more than […]
Dimon Gets 74 Percent Raise After Billions in Fines
January 27th, 2014Via: Bloomberg: After agreeing to pay $23 billion in penalties and settlements in 2013, JPMorgan Chase (JPM) Chief Executive Jamie Dimon was rewarded today by the board he chairs, receiving a 74 percent pay raise to $20 million. Dimon has presided over a series of costly settlements with government investigators, including paying $13 billion for […]
Why Are U.S. Corporate Profits So High? Because Wages Are So Low
January 27th, 2014Automation is the key, but this piece doesn’t mention it. The companies have, “Still managed to boost profits beyond anything ever seen before because they’ve got away with employing as few workers as possible at as low a rate as possible.” I’ve got news for Jamie McGeever at Reuters: Companies only ever employ as few […]
Former Chief of Staff to U.S. Sen. Lamar Alexander, Charged with Possessing and Distributing Child Pornography, Found Dead in His Home
January 25th, 2014Via: Tennessean: Ryan Loskarn, the former chief of staff to U.S. Sen. Lamar Alexander who was charged with possessing and distibuting child pornography last month, was found dead in his home in Maryland of an apparent suicide, law enforcement officials said Friday. “At approximately 12 p.m. yesterday, Carroll County Sheriff’s Deputies responded to a private […]
Success of “The Wolf of Wall Street” a Sell Indicator?
January 24th, 2014Via: CNBC: Could the success of “The Wolf of Wall Street” signal that the market is near a top? Carter Worth, chief market technician at Oppenheimer, argues that the Oscar-nominated movie should indeed give bulls pause. After all, he said, interest in the film shows that interest in the market has gone mainstream—an observation bolstered […]
