Archive for the 'Elite' Category
Russia, China Pledge Bigger Role for Yuan, Ruble
November 24th, 2010Via: AFP: Prime Minister Vladimir Putin said on Tuesday the Chinese yuan would soon start trading in Russia as the countries seek to challenge the dollar and promote the use of national currencies. “We agreed to expand the possibilities for application of national currencies during trade and economic contacts,” Putin said after talks with Chinese […]
Insider Trading: Criminal Charges, Fines Against Large Number of Wall Street Executives and Investors
November 22nd, 2010Upstarts get busted in an attempt to maintain appearances while public menaces Goldman Sachs and AIG are allowed to slip from the headlines. Via: Los Angeles Times: Federal investigators in New York are wrapping up an extensive investigation into allegations of insider trading and other stock-trading irregularities that could bring criminal charges or monetary fines […]
Could Millionaires Fleeing the U.S. Cause a Wildcard Economic Event?
November 21st, 2010For years, I’ve received emails from people who want to move to New Zealand. Some young, some old. Some well off, some not so well off. Over the last month or so, three millionaires have emailed me about moving to New Zealand. The three people who emailed me were all going to invest their way […]
McDonald’s and PepsiCo to Help Write UK Health Policy
November 14th, 2010Via: Guardian: The Department of Health is putting the fast food companies McDonald’s and KFC and processed food and drink manufacturers such as PepsiCo, Kellogg’s, Unilever, Mars and Diageo at the heart of writing government policy on obesity, alcohol and diet-related disease, the Guardian has learned. In an overhaul of public health, said by campaign […]
Courts Helping Banks Screw Over Homeowners
November 12th, 2010Via: Rolling Stone: The foreclosure lawyers down in Jacksonville had warned me, but I was skeptical. They told me the state of Florida had created a special super-high-speed housing court with a specific mandate to rubber-stamp the legally dicey foreclosures by corporate mortgage pushers like Deutsche Bank and JP Morgan Chase. This “rocket docket,” as […]
Barack Obama: We Must Embrace Globalism And The Emerging One World Economy
November 10th, 2010Via: Economic Collapse Blog: Although it received very little coverage in the mainstream media, Barack Obama made some comments about globalism during his speech in Mumbai, India that were very eye-opening. As he was discussing the new realities of world trade in 2010, Obama warned against “those who see globalization as a threat” and he […]
Goldman Fined $650,000 for Fraud Disclosure Lapse
November 9th, 2010$650,000. Is that more or less than Blankfein’s annual cufflink budget? Via: AP: Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government.
German Finance Minister: ‘The U.S. Lived on Borrowed Money for Too Long’
November 9th, 2010Demand payment for BMWs in gold. *chortle* Via: Spiegel: Schäuble: The German export successes are not the result of some sort of currency manipulation, but of the increased competitiveness of companies. The American growth model, on the other hand, is in a deep crisis. The United States lived on borrowed money for too long, inflating […]
Financial Manager May Not Face Felony Charges for a Hit-and-Run Because it Could Jeopardize His Job
November 6th, 2010Via: Vail Daily: A financial manager for wealthy clients will not face felony charges for a hit-and-run because it could jeopardize his job, prosecutors said Thursday. Martin Joel Erzinger, 52, faces two misdemeanor traffic charges stemming from a July 3 incident when he allegedly hit bicyclist Dr. Steven Milo from behind then sped away, according […]
Nuclear Bunker Houses World’s Toughest Server Farm
November 4th, 2010Via: Wired: Deep inside the Swiss Alps, a former nuclear bunker is now the ultimate hiding place for the world’s most sensitive secrets. Wired gains access to the server farm designed to survive a full-scale military attack. … “Sixteen years ago, nobody took us seriously,” Oschwald says. “They said to us, ‘Storing data under a […]
