Archive for the 'Elite' Category
Canon: Fully Automated Digital Camera Manufacturing by 2015
May 15th, 2012Via: AP: Canon Inc. is moving toward fully automating digital camera production in an effort to cut costs — a key change being played out across Japan, a world leader in robotics. If successful, counting on machines can help preserve this nation’s technological power — not the stereotype of machines snatching assembly line jobs from […]
Profits: Louisiana is the World’s Prison Capital
May 14th, 2012Via: Times Picayune: Louisiana is the world’s prison capital. The state imprisons more of its people, per head, than any of its U.S. counterparts. First among Americans means first in the world. Louisiana’s incarceration rate is nearly triple Iran’s, seven times China’s and 10 times Germany’s. The hidden engine behind the state’s well-oiled prison machine […]
Texas Legislature: Video of Vote Fraud
May 13th, 2012Via: KEYE Austin Repost on YouTube:
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 […]
