Archive for the 'Elite' Category
U.S. Diplomat Calls African Dictator a Good Guy
February 14th, 2011Via: AP: A U.S. diplomat called Equatorial Guinea’s dictator of 31 years one of “the good guys” in leaked diplomatic cables and urged Washington to engage with its third largest oil supplier or risk endangering energy security. In 2009 cables published by WikiLeaks, Anton K. Smith, the ranking U.S. diplomat at the time, described a […]
France Wants New Global Finance System
February 14th, 2011Via: RTE: France will help the transition to a global financial system based on ‘several international currencies’, the French Economy Minister said today. France, as current head of the Group of 20 countries, will help the transition to a global financial system based on ‘several international currencies’, French Economy Minister Christine Lagarde said today. Lagarde, […]
IMF Calls for Dollar Alternative
February 11th, 2011Mix the big confetti currencies together and what do you get? Confetti. Via: CNN: The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency. The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system. SDRs represent potential claims on the […]
Deutsche Boerse-NYSE Euronext Merger
February 10th, 2011Via: Reuters: Deutsche Boerse is in advanced talks to buy NYSE Euronext in a deal that would create the world’s largest trading powerhouse and put a bastion of American capitalism into foreign hands. The discussions, announced on Wednesday, came only hours after the London Stock Exchange said it had agreed to buy Canadian market operator […]
When Wal-Mart Metastasizes, Neighborhoods Get Poorer
February 10th, 2011Old news, but worth repeating. Via: Reuters: Wal-Mart’s lengthy struggle to open in New York City has hit fresh problems — a controversial report that said America’s biggest discounter does not just sell cheap, it makes neighborhoods poorer. The report concludes that Wal-Mart, the biggest U.S. private employer, kills jobs rather than creates them, drives […]
Jet Loaded with Millions in Gold and Cash Seized by Congolese Authorities Linked to Texas Philanthropist
February 9th, 2011Via: Dallas News: A Gulfstream jet seized by Congolese authorities suspected of being used to smuggle gold from rebel-controlled strongholds is apparently owned by a North Texas aviation firm owned by Southlake philanthropist David Disiere, records show. Dow Jones reported today that the tail number on the jet is N886DT, which FAA records shows to […]
JPMorgan Allowing Gold to Be Used as Collateral for Some Types of Trading
February 8th, 2011Is JPM trying to get its tentacles around enough metal to cover physical withdrawals from clients? Via: Bloomberg: Gold may get a boost as JPMorgan Chase & Co. joins exchanges in allowing the metal to be used as collateral for trading, according to MF Global Holdings Ltd. JPMorgan yesterday said it will accept bullion “to […]
Hillary Clinton: We Can’t Legalize Drugs Because ‘There Is Just Too Much Money in It’
February 8th, 2011Mmm hmm. Via: Reason: Last week, while visiting Mexico, Secretary of State Hillary Clinton was interviewed by Denise Maerker of Televisa, who asked her opinion of proposals to address black-market violence by repealing drug prohibition. Clinton’s response illustrates not only the intellectual bankruptcy of the prohibitionist position but the economic ignorance of a woman who […]
Mafia Holds Compromising Silvio Berlusconi Photos
February 8th, 2011Via: Telegraph: A leading Italian photographer has alleged that mafia gangsters claim to possess compromising photos of Silvio Berlusconi at wild “bunga bunga” sex parties. Fabrizio Corona, who runs a celebrity photography agency, claimed that members of the Camorra mafia in Naples are trying to sell the alleged images to gossip magazines. “Representatives from a […]
New Zealand: Rural Broadband Light at the End of the Tunnel is the Train
February 7th, 2011You’ve heard of putting a wolf in charge of guarding a hen house. In rural New Zealand, we’ll get two wolves on the job. The final announcement has not yet been made, so I suppose there’s a chance that it might not be as bad as it looks now. However, my money is on the […]
