Archive for the 'Elite' Category
Broken Securities Industry Still Has $20 Billion to Pay Bonuses
October 27th, 2008Via: Bloomberg: Five straight quarters of losses and a 70 percent slide in its stock this year haven’t stopped Merrill Lynch & Co. from allocating about $6.7 billion to pay bonuses. Goldman Sachs Group Inc. and Morgan Stanley, both still on track for profitable years, have set aside about $13 billion for bonuses after three […]
‘Out of Control’ CEOs Spurned Davos Warnings on Risk
October 27th, 2008Via: Bloomberg: Once upon a time, the World Economic Forum was the ultimate Wall Street jamboree. Now, in the riptide of the worst financial crisis since the Great Depression, WEF officials and delegates say many of the chief executive officers who gathered in Davos, Switzerland, over the last five years didn’t listen to warnings from […]
Top International Military Officials Meet in Adirondacks?
October 24th, 2008I haven’t been able to find any confirmation of the information presented in this story at all. Maybe someone out there knows more. Via: Adirondack Daily Enterprise: SARANAC LAKE – Powerful generals and admirals from some of the most powerful nations on Earth are reportedly meeting somewhere in the local area this weekend after flying […]
Bill Gates Funds Research Into ‘Flying Syringe’ Mosquitoes to Deliver Vaccines
October 23rd, 2008Madness. Via: AFP: The Bill and Melinda Gates Foundation awarded 100,000 dollars each on Wednesday to scientists in 22 countries including funding for a Japanese proposal to turn mosquitos into “flying syringes” delivering vaccines. The charitable foundation created by the founder of software giant Microsoft said in a statement that the grants were designed to […]
Mutant Seeds for Mesopotamia
October 22nd, 2008Via: Uruknet: One would think that Iraqi farmers, now prospering under “freedom” and “democracy,” would be able to plant the seeds of their choosing, but that choice, under little-known Order 81, would be illegal. … What makes this Order 81 even more outrageous is that Iraqi farmers have been saving wheat and barley seeds since […]
Colin Powell: “There’s going to be a crisis come along on the 21st or 22nd of January that we don’t even know about right now.”
October 21st, 2008What do you make of this one? Additionally, Joe Biden mentioned a “generated crisis”: “Mark my words,” the Democratic vice presidential nominee warned at the second of his two Seattle fundraisers Sunday. “It will not be six months before the world tests Barack Obama like they did John Kennedy. The world is looking. We’re about […]
American Taxpayers Buying Bank Stocks
October 11th, 2008The eye atop the pyramid seems to be glowing a bit brighter than usual. Via: Bloomberg: U.S. Treasury Secretary Henry Paulson said the U.S. will buy equity “as soon as we can” in banks and other financial institutions to restore market stability and revive economic growth. The Treasury is “working to develop a standardized program […]
BERLUSCONI: LEADERS MAY CLOSE WORLD’S MARKETS
October 10th, 2008Via: Bloomberg: Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world’s financial markets while they “rewrite the rules of international finance.” “The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,” Berlusconi said today after a Cabinet meeting in Naples, […]
AIG, Castigated for Resort Event, Plans Another One
October 9th, 2008Via: Bloomberg: American International Group Inc., castigated by the White House, Congress and Barack Obama for hosting a $440,000 conference days after an $85 billion federal bailout, plans to hold another gathering for brokers next week. The event, at the Ritz-Carlton in California’s Half Moon Bay, aims to “motivate and educate” about 150 independent agents […]
AIG Executives Pampered at California Spa After Bankruptcy
October 8th, 2008Via: Los Angeles Times: When the going gets tough, the tough get pedicures. Just days after the federal government committed $85 billion of taxpayers’ money to a bailout of insurance giant AIG last month, senior execs from the troubled company headed to Southern California’s ultra-swanky St. Regis Resort in Monarch Beach for a week of […]
