Archive for the 'Economy' Category
Trump OKs Wider Syria Oil Mission, Raising Legal Questions
November 6th, 2019Legal questions. That’s hilarious. I just want to remember the good old days, when they felt the need to dazzle us with yellow cake uranium fraud before they stole the oil. Via: Military Times – AP: President Donald Trump has approved an expanded military mission to secure an expanse of oil fields across eastern Syria, […]
A Michigan Man Underpaid His Property Taxes By $8.41, the County Seized His Property, Sold It and Kept the Profits
November 6th, 2019Via: Reason: An 83-year-old retired engineer in Michigan underpaid his property taxes by $8.41. In response, Oakland County seized his property, auctioned it off to settle the debt, and pocketed nearly $24,500 in excess revenue from the sale. Under Michigan law, it was all legal. And hardly uncommon. Uri Rafaeli, who lost his property and […]
Sweden: An Energy Breakthrough Could Store Solar Power for Decades, Works for Heating Applications
November 5th, 2019Via: Bloomberg: For decades, scientists have sought an affordable and effective way of capturing, storing, and releasing solar energy. Researchers in Sweden say they have a solution that would allow the power of the sun’s rays to be used across a range of consumer applications—heating everything from homes to vehicles. … The system starts with […]
Risky Mortgage Bonds Are Back and Delinquencies Are Piling Up
November 5th, 2019Meet the new toxic waste. Same as the old toxic waste. Via: Bloomberg: The subprime mortgage-backed bond may be dead in America a decade after it helped trigger the global financial crisis, but a security with some of the same high-risk characteristics is starting to take off. It’s called the non-qualified mortgage — basically a […]
U.S. Adult Diaper Market Explodes, Topping Baby Diapers
November 5th, 2019Via: ZeroHedge: As the population of the elderly explodes, the need for hygiene products like adults diapers will likely see a commensurate surge (and many of the companies that make these products are publicly-traded consumer staples). The market is already growing, and last year, it expanded by 9%, to hit $9 billion.
How Central Banks Fund Our Age of Endless War
November 4th, 2019Via: Mises Institute: The 20th century was the century of total war. Limitations on the scope of war, built up over many centuries, had already begun to break down in the 19th century, but they were altogether obliterated in the 20th. And of course the sheer amount of resources that centralized states could bring to […]
First Images of U.S. Troops Occupying Syria’s Oil Fields
November 4th, 2019Oil fields over here. Poppy fields over there. Via: ZeroHedge: The reality of American foreign policy all in one stunning image: regional Iraqi Kurdistan24 television has broadcast the first footage of the United States Army seizing and ‘protecting’ a Syrian oil field in the country’s northeast.
French High School Students Will Learn About Bitcoin And Crypto [???]
November 4th, 2019Via: ZeroHedge: France is about to introduce an educational module to its high school curriculum that covers Bitcoin (BTC) and cryptocurrencies. In June, the French Ministry of National Education amended its study plan to incorporate the world’s largest cryptocurrency. French educators are expected to teach an introductory course that will assist students in understanding the […]
The Next Shoe In The Farm Crisis Drops: Bankruptcies Soar 24%
November 4th, 2019Via: ZeroHedge: The American Farm Bureau (AFB) warned Wednesday that farm bankruptcies are entering a parabolic move. The farm crisis, as we’ve pointed out, is only accelerating and will likely be on par with the farm disaster that was seen in the early 1980s. President Trump’s farm bailouts, given to farmers earlier this year, appears […]
China To Establish $10 Trillion Economic Zone In Space [???]
November 4th, 2019Via: ZeroHedge: According to the Global Times, China plans to establish an Earth-moon space economic zone by 2050, which is expected to generate $10 trillion worth of services per year. The zone will cover areas of space near Earth, the moon and in between. … In other words, while the US contemplates a Green New […]
