Archive for the 'Elite' Category
Insiders Sell Like There’s No Tomorrow
September 11th, 2009Just put some more lipstick on Maria Bartiromo and everything will be fine. Via: CNN: Can hundreds of stock-selling insiders be wrong? The stock market has mounted an historic rally since it hit a low in March. The S&P 500 is up 55%, as U.S. job losses have slowed and credit markets have stabilized. But […]
Brazil’s Armored Car Culture
September 11th, 2009This is absurd on many levels, but I couldn’t look away. Interestingly, the Brazilian government doesn’t allow vehicles to be outfitted with Level 3 and Level 4 armor. In other words, any assault rifle would cut through the armor on these vehicles like a hot knife through butter. Via: Wall Street Journal: Everywhere 19-year-old Kareen […]
Millions More Thrust Into Poverty: Decade of Headway in Household Income Erased
September 11th, 2009Via: Washington Post: A new comprehensive economic survey shows that the recession has plunged 2.6 million more Americans into poverty, wiped out the household income gains of an entire decade and pushed the number of people without health insurance up to 46.3 million. The grim economic statistics unveiled Thursday in the Census Bureau’s annual report […]
Kucinich Responds to Obama’s Address to Congress: Windfall for Insurance and Pharmaceutical Companies
September 10th, 2009Dr Pepper’s Wet Dream: Water, Government Subsidies and Transfer of Wealth in the Middle of the Desert
September 10th, 2009Via: Alternet: On a sun-baked afternoon in October 2008, a group of soft-drink executives and city officials gathered for a groundbreaking ceremony at an old Air Force base on the outskirts of the city, 100 miles east of Los Angeles. They were standing on the edge of the Mojave Desert, one of the driest, most […]
Britain: Question a Doctor and Lose Your Child
September 10th, 2009Via: Sunday Times: PARENTS are being threatened with having their children taken into care after questioning doctors’ diagnoses or objecting to their medical care. John Hemming, a Liberal Democrat MP, who campaigns to stop injustices in the family court, said: “Very often care proceedings are used as retaliation by local authorities against ‘uppity’ people who […]
Family Values: California Republican Assemblyman Has Sex with Utility Company Lobbyist, Brags About It—Woops, the Mic is On
September 10th, 2009Via: AP: Mike Duvall’s second term as a member of the California Assembly was progressing pretty much like his first — in relative obscurity, with few notable legislative accomplishments. The Orange County Republican is now a YouTube hit after his racy comments about his sexual conquests were caught on an open microphone in a Capitol […]
Good Billions After Bad
September 9th, 2009Via: Vanity Fair: Last October, Congress passed the Emergency Economic Stabilization Act of 2008, putting $700 billion into the hands of the Treasury Department to bail out the nation’s banks at a moment of vanishing credit and peak financial panic. Over the next three months, Treasury poured nearly $239 billion into 296 of the nation’s […]
Cayman Islands Heads for Bankruptcy
September 8th, 2009How about if they just tax the money related to the drug trade? *wink* Via: Guardian: The white sands of Seven Mile Beach on Grand Cayman have long caressed the toes of the world’s wealthiest financiers, who flock to this balmy spit to avoid the taxman’s prying eyes. But the world’s biggest hedge-fund venue and […]
UN Wants New Global Currency to Replace Dollar
September 8th, 2009Around 70.79, two doors emerge: Behind Door #1: The dollar will stage a massive rally/dead cat bounce/short squeeze from Hell. (Don’t ask me how this would happen.) Behind Door #2: A wildcard event; a system transformation. System transformation is lingo from International Relations. It means paradigm change; a break from past normative assumptions about the […]
