Archive for the 'Elite' Category
Approved: HSBC Setttlement for Drug Money Laundering
July 3rd, 2013Via: Reuters: A federal judge has approved HSBC Holdings Plc’s (HSBA.L)(HBC) record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under U.S. sanctions. While noting “heavy public criticism” of the settlement, which enabled HSBC to escape criminal prosecution, U.S. […]
Absurd Giveaway to Corporate Fascists Delayed Until 2015
July 3rd, 2013Via: New York Times: In a significant setback for President Obama’s signature domestic initiative, the administration on Tuesday abruptly announced a one-year delay, until 2015, in his health care law’s mandate that larger employers provide coverage for their workers or pay penalties. The decision postpones the effective date beyond next year’s midterm elections.
Companies Switch to Prepaid Cards for Payroll, Employees Pay Ridiculous Fees
July 1st, 2013Via: New York Times: A growing number of American workers are confronting a frustrating predicament on payday: to get their wages, they must first pay a fee. For these largely hourly workers, paper paychecks and even direct deposit have been replaced by prepaid cards issued by their employers. Employees can use these cards, which work […]
Student Loan Rates Set To Double On July 1
June 29th, 2013Via: NPR: The interest rate on government-backed student loans is going to jump from 3.4 percent to 6.8 percent Monday. Republicans, Democrats and the Obama administration could not agree on a plan to keep it from happening. Lawmakers say a deal is still possible after the July 4 recess. But if they don’t agree on […]
Foxconn to Speed Up ‘Robot Army’ Deployment
June 27th, 2013Via: IT World: Manufacturing giant Foxconn Technology Group is on track with its goal to a create a “million robot army”, and already has 20,000 robotic machines in its factories, said the company’s CEO Terry Gou on Wednesday. Workers’ wages in China are rising, and so the company’s research in robots and automation has to […]
Genetically Engineered Sugar Beets Destroyed in Southern Oregon
June 27th, 2013Via: Oregon Live: Federal investigators are asking the public to help solve middle-of-the-night crimes that left ruined fields of genetically engineered sugar beets in rural Jackson County. The crop destruction took place over the course of two separate nights in early June, when an unknown individual or group destroyed about 6,500 sugar beet plants genetically […]
San Diego Man Facing 13 Years in Prison for Writing Anti Bank Slogans on Sidewalks Outside Banks
June 27th, 2013Update: Acquitted Via: AP: The mayor called the case “stupid” and a jury swiftly said it shouldn’t stick, taking the eraser to vandalism charges for a man who wrote anti-bank slogans on San Diego sidewalks. A Superior Court jury deliberated for five hours after a four-day trial before acquitting Jeff Olson Monday of the 13 […]
BP Thinks It Overpaid Damages for Gulf of Mexico Oil Spill Disaster
June 27th, 2013Via: AP: BP oil spill settlement payments are being aggressively contested by London-based BP. The company may seek to recover what BP calls ‘overpayments’ that businesses received from the court-supervised settlement program for the BP oil spill in the Gulf of Mexico. Research Credit: almaverdad2
80% of Pre-Packaged Foods in America Are Banned in Other Countries
June 25th, 2013Via: Yahoo: If you or your kids enjoy pre-packaged convenience foods commonly found in grocery stores across the U.S. such as Froot Loops, Swanson dinners, Mountain Dew, and frozen potato and bread products, you may think twice before purchasing them after hearing what they contain: dangerous chemicals that other countries around the globe have deemed […]
Digital Dementia
June 25th, 2013Digital crackpipes for the children! The younger the better. Via: Digital Journal: South Korean doctors have found that increasing use of smartphones among young Koreans has led to a surge in incidence of “digital dementia” characterized by deterioration of cognitive abilities and symptoms found in people who have suffered head injury. In Other News: Some […]
