Archive for the 'Elite' Category
SpaceX Flight Opens Door for U.S. Military Payloads
June 6th, 2012Via: Reuters: Space Exploration Technologies’ unmanned Dragon capsule arrived in Los Angeles on Tuesday following a test flight for NASA that could open the door to a long-desired and more elusive customer – the U.S. military. The cargo capsule blasted off May on 22 from Cape Canaveral Air Force Base in Florida and three days […]
And Now… Unsourcing
June 6th, 201275.2 million people are on Facebook, pretending to grow vegetables and raise animals in their browser windows? … Has it really come to this? Getting ribbons for bragging rights in Facebook games? —The Future Where Soda Cans Have Screens Via: The Economist: Some of the biggest brands in software, consumer electronics and telecoms have now […]
Australia: Blaming Price Increases on Carbon Tax Could Result in Million Dollar Fine for Businesses
June 4th, 2012Via: The Telegraph: SHOPS and restaurants could face fines up to $1.1 million if waiters or sales staff wrongly blame the carbon tax for price rises or exaggerate the impact. … ACCC deputy chairman Dr Michael Schaper told the Herald Sun companies were entitled to increase their prices and did not have to justify or […]
AIG Chief Sees Retirement Age as High as 80 After Crisis
June 4th, 2012You keep working, and we’ll keep getting bailouts and bonuses. Mmmkay? Via: Bloomberg: American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase. “Retirement ages will have to move to 70, 80 years old,” […]
School Districts Taking More Corporate Advertising
June 4th, 2012This USA Today piece contains easily the most ridiculous lie I’ve read in a long time. “The public isn’t paying for public education anymore.” Oh really? This infographic is from USC: U.S. Education Spending and Performance vs. The World: Via: MAT@USC | Master’s of Arts in Teaching Americans are paying more money for public education […]
Increasing Use of Robots in China’s Factories
June 4th, 2012Via: Reuters: The giant orange robotic arms that swiftly weld together car frames at the Great Wall Motors factory in Baoding might seem like the perfect answer to China’s fast-rising labor costs – they don’t ask for a raise, get injured or go on strike. For Great Wall, a private sector Chinese car maker that […]
Banks Pressured to Buy Government Debt
June 1st, 2012Remember this? In 2011, the Federal Reserve Purchased a Stunning 61% of U.S. Debt: The recently released Federal Reserve Flow of Funds report for all of 2011 reveals that Federal Reserve purchases of Treasury debt mask reduced demand for U.S. sovereign obligations. Last year the Fed purchased a stunning 61% of the total net Treasury […]
‘The Last Days of Cash’
May 31st, 2012IEEE: A Special Report on the Future of Money – The Last Days of Cash – How E-Money Technology is Plugging Us into the Digital Economy
Paleo Diet Blogger vs. North Carolina
May 31st, 2012Via: Institute for Justice: Can the government throw you in jail for offering advice on the Internet about what food people should buy at the grocery store? That is exactly the claim made by the North Carolina Board of Dietetics/Nutrition. In December 2011, diabetic blogger Steve Cooksey started a Dear Abby-style advice column on his […]
Rothschild’s RIT Capital Partners Buys 37% of Rockefeller Financial Services, Inc.
May 30th, 2012Via: Reuters: Two of the most glamorous names in global finance are linking up, with the Rothschild banking dynasty agreeing to buy a stake in the Rockefeller group’s wealth and asset management business to get a long-sought foothold in the United States. Rothschild’s London-listed RIT Capital Partners (RCP.L) said on Wednesday it was buying the […]
