Archive for the 'Elite' Category
Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO
May 11th, 2012Via: Bloomberg: Eduardo Saverin, the billionaire co- founder of Facebook Inc. (FB), renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill. Facebook plans to raise as much as $11.8 billion through the IPO, the biggest in […]
JPMorgan Loses $2 Billion
May 11th, 2012Update: Fitch Downgrades JPMorgan Chase Via: CNN: The closing bell brought no relief for JPMorgan Chase on Friday, as a major credit rating agency moved to downgrade its debt almost exactly 24 hours after the bank revealed a $2 billion trading loss. Fitch Ratings downgraded both JPMorgan’s short-term and long-term debt, with the latter falling […]
Fed Clears China’s First U.S. Bank Takeover
May 10th, 2012Via: AFP: The United States on Wednesday opened its banking market to ICBC, China’s biggest bank, for the first time clearing a takeover of a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to […]
Lehman E-Mails
May 9th, 2012Via: Bloomberg: If one wants to understand the full complicity of Wall Street in the Great Recession, look no further than the voluminous package of pre-collapse Lehman Brothers documents that have been made available by the law firm Jenner & Block LLP, which has acted as the coroner in the Lehman post-mortem. Most important, the […]
‘Iceland Holds the World Record in Household Debt Relief’
May 7th, 2012This story has been circulating for weeks in the form of this Spanish language video clip. I was not able to find any confirmation of the story when it first appeared. I just tried to confirm it again and found this Bloomberg piece. Via: Bloomberg: Icelanders who pelted parliament with rocks in 2009 demanding their […]
U.S. Department of Energy Claims ‘Unprecedented’ Success in Test for New Fuel Source
May 6th, 2012Via: MSNBC: Could the future of cleaner fossil fuel really be frozen crystals now trapped in ocean sediments and under permafrost? Backed by an oil industry giant, the Obama administration recently tested a drilling technique in Alaska’s Arctic that it says might eventually unlock “a vast, entirely untapped resource that holds enormous potential for U.S. […]
Minneapolis: Cops Offer Illegal Drugs to People for “Impairment” Study
May 6th, 2012There are a couple of good lessons here. First, of course, is that the cops are filth and flagrantly carry out felonies with impunity. Second, there seems to be no shortage of zombies who are content to get wasted on whatever substances the cops are handing out. Who knows what the “study” participants were actually […]
Beijing Is Planning to Avoid U.S. Financial Sanctions on Iran by Paying for Oil with Gold
May 6th, 2012Via: Forbes: So how can Beijing keep both Iran’s ayatollahs and President Obama happy at the same time? Simple, the Chinese can avoid the U.S. sanctions through barter. China has already been trading its produce for Iran’s petroleum, but there is only so much gai lan and bok choy the Iranians can eat. That’s why […]
KBR on Shortlist to Run UK Police Services
May 3rd, 2012Via: Guardian: A US Pentagon contractor that was involved in building Guantánamo Bay is on a shortlist of seven private consortiums bidding for a £1.5bn contract to run key policing services in the West Midlands and Surrey. The Texas-based, Kellogg Brown & Root, which was sold off by the controversial Halliburton corporation in 2007, is […]
Secrets in Plain Sight
May 2nd, 2012Via: Secrets in Plain Sight: Secrets In Plain Sight is an awe inspiring exploration of great art, architecture, and urban design which skillfully unveils an unlikely intersection of geometry, politics, numerical philosophy, religious mysticism, new physics, music, astronomy, and world history. Exploring key monuments and their positions in Egypt, Stonehenge, Jerusalem, Rome, Paris, London, Edinburgh, […]
