Archive for the 'Elite' Category
Bank of England: U.S. Faces Same Problems as Greece
May 14th, 2010Via: Telegraph: Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe. He also believes that European Union must become a federalised fiscal union (in other words with central power to tax and spend) if it is to survive. Just two of the nuggets […]
EU Bids for Power Over National Budgets
May 13th, 2010Via: CBC: Senior administrators of the European Union proposed on Wednesday that they be given unprecedented power to scrutinize the spending plans of countries before national parliaments vote on those budgets. The EU’s executive commission’s bid was a move to crack down on widespread government overspending and to begin to deal with the debt crisis […]
U.S. Probes Morgan Stanley
May 13th, 2010Via: Wall Street Journal: U.S. prosecutors are investigating whether Morgan Stanley misled investors about mortgage-derivatives deals it helped design and sometimes bet against, people familiar with the matter said, in a step that intensifies Washington’s scrutiny of Wall Street in the wake of the financial crisis. Morgan Stanley arranged and marketed to investors pools of […]
Freddie Mac Has a Message for Strategic Defaulters?
May 13th, 2010This is posted mainly its comedic value. It might also serve as a study in apoplexy as applied to economic commentary. Via: ML Implode: This guy may just win my Dick-of-the-Year Award hands down. Did he just say: “simply continuing to pay the bills might be best?” I can’t be sure because there’s no way […]
Home Depot Must Actually Pay Inventor For Invention
May 13th, 2010Via: Consumerist: Home Depot had a problem: their employees kept sawing off their own extremities with the saws they used to cut lumber for customers. Michael Powell invented a gadget which fixed the problem, and offered to sell the device to the chain for $2,000 each. Then, the inventor’s lawsuit alleged, Home Depot simply stole […]
Fungus Hits Afghan Opium Poppies
May 13th, 2010What I think is happening here is that the USUK smack industrial complex has decided to drive up the street price of heroin. —The Invisible Hand of the Market: British Troops Seize £50 Million of Afghan Opium Sure, the article says that the fungus occurs naturally… Maybe that’s what happened. Maybe not. Who benefits from […]
Barrick Gold Moves to Block Mining Book
May 13th, 2010Via: CBC: The threat of legal action from mining giant Barrick Gold has forced Vancouver-based Talonbooks to postpone publication of a book about the Canadian mining industry. Publisher Karl Siegler calls it a clear case of “libel chill” by one of Canada’s largest mining companies. The book, Imperial Canada Inc.: Legal Haven of Choice for […]
Bill Gates Funds Geoengineering Company That Will Make Clouds Out of Sea Water
May 12th, 2010Via: Mother Nature Network: Basically a fleet of ships equipped with screens & vacuums pump up millions of gallons of ocean water and using high-powered water canons introduce the water some 3000 feet in the air, where clouds are formed. The added moisture content would increase the thickness of the water vapor, making the clouds […]
Europe Rewrites its Rule Book in Creating Fund to Contain Financial Crisis
May 12th, 2010Via: Washington Post: The massive emergency fund assembled to defend the value of the euro is backed by a political gamble with an uncertain outcome: that European governments will rewrite a post-World War II social contract that has been generous to workers and retirees but has become increasingly unaffordable for an aging population. The trillion-dollar […]
Senate Votes 96-0 to Audit Federal Reserve
May 12th, 2010Senate Passes Watered Down Sanders Amendment to Audit the Fed 96-0 Via: Los Angeles Times: The Senate voted 96 to 0 on Tuesday to authorize a congressional audit of the secretive Federal Reserve Board’s emergency aid program and full disclosure of who got the money, a plan that could reveal more details about government help […]
