Archive for the 'Economy' Category
Credit Suisse Faces Money Laundering Charges in Bulgarian Cocaine Traffickers Trial
February 7th, 2022Via: Reuters: Credit Suisse faced charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases.
Corona Investigative Committee: Peoples’ Court of Public Opinion
February 6th, 2022Note: This is a public presentation, not a legal proceeding in any court, as stated in the press release: This investigation is of the people, by the people and for the people and will be referred to as the ‘Peoples’ Court of Public Opinion. Having been unable to find a court to hear the actual […]
Coming Soon: Climate Lockdowns?
February 4th, 2022I’ll leave this here, just in case… Via: The Hill: The past two years have been a checklist for the worst impulses of government and public sentiment. COVID allowed for supposedly temporary measures to morph into two years of “emergency” restrictions. But what if COVID was only the opening act, and another proclaimed crisis is […]
Facebook Stock Tanks
February 3rd, 2022Via: Daily Mail: Facebook lost daily users for the first time in its 18-year history in the final quarter of 2021, which CEO Mark Zuckerberg believes was caused by the TikTok boom. The social media giant’s devastating earnings report on Wednesday sent Facebook shares plunging more than 20 percent, wiping more than $200 billion off […]
Lockdowns Did Not Reduce COVID Mortality, But Did Impose, “Enormous Economic and Social Costs Where They Have Been Adopted”
February 2nd, 2022Via: Johns Hopkins University: More specifically, stringency index studies find that lockdowns in Europe and the United States only reduced COVID-19 mortality by 0.2% on average. SIPOs were also ineffective, only reducing COVID-19 mortality by 2.9% on average. Specific NPI studies also find no broad-based evidence of noticeable effects on COVID-19 mortality. While this meta-analysis […]
U.S. National Debt Hits $30 Trillion for First Time
February 1st, 2022Via: National Review: The U.S. national debt hit and exceeded $30 trillion for the first time in the country’s history Tuesday, Treasury Department data confirmed. The ballooning debt is largely attributed to the massive social spending prompted by the Covid-19 pandemic. Since the end of 2019, the national debt grew by an astonishing $7 trillion. […]
From Ukraine to Yemen, U.S. Arms Industry Reaps the Spoils of War
January 30th, 2022Via: The Grayzone: The US is pouring more weapons into Ukraine amid bellicose threats against Russia and the US-backed Saudi war on Yemen continues to massacre civilians. But not everyone sees a downside: “I fully expect we’re going to see some benefit from it,” Raytheon CEO Greg Hayes said this week of these and other […]
Fed Study on Digital Currency
January 21st, 2022The real motivation for a state issued digital currency is the desire to link it to a social credit system. Look at China. If the U.S. does a digital dollar, and it becomes required, that would be the final nail in the coffin. Via: ABC: The Federal Reserve on Thursday released a highly anticipated report […]
Union Pacific Bashes LA’s Social Justice Reform, Threatens To Leave City Amid Soaring Train Thefts
January 17th, 2022Via: ZeroHedge: A top Union Pacific Railroad official threatened to leave Los Angeles over the District Attorney’s progressive measures to lower criminal theft offenses amid a wave of criminal gangs looting rail cars. Adrian Guerrero, Union Pacific’s director of public affairs, wrote a letter to LA County District Attorney George Gascón, denouncing the local government’s […]
Google and Facebook’s Top Execs Allegedly Approved Dividing Ad Market Among Themselves
January 15th, 2022Via: Register: The alleged 2017 deal between Google and Facebook to kill header bidding, a way for multiple ad exchanges to compete fairly in automated ad auctions, was negotiated by Facebook COO Sheryl Sandberg, and endorsed by both Facebook CEO Mark Zuckerberg (now with Meta) and Google CEO Sundar Pichai, according to an updated complaint […]
