Archive for the 'Economy' Category
Oil Trades Below $30 a Barrel for First Time in 12 Years
January 12th, 2016Via: Reuters: Oil fell briefly below the widely watched $30-per-barrel level on Tuesday, extending a selloff that has sliced almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. Prices settled down 3 percent, a seventh straight daily decline for oil. Traders have all but […]
$1 Trillion Erased from Stocks So Far in 2016
January 12th, 2016Via: CNN: Wall Street’s disastrous start to 2016 has caused roughly $1 trillion to vanish from the stock market. The eye-popping losses highlight the deep fears that has gripped financial markets over China’s economic slowdown and crashing oil prices. That one-two punch caused the Dow and S&P 500 to suffer their worst start to a […]
Father of Koch Brothers Helped Build Nazi Oil Refinery
January 11th, 2016Building a refinery for Hitler? *pfft* How Bush’s Grandfather Helped Hitler’s Rise to Power Also see: Wall Street & the Rise of Hitler by Antony C. Sutton IBM and the Holocaust: The Strategic Alliance Between Nazi Germany and America’s Most Powerful Corporation by Edwin Black Via: New York Times: The father of the billionaires Charles […]
Attacks on Just Nine Substations in U.S. Could Cause Blackout Across Entire Grid
January 11th, 2016Via: Information Week: Turns out free and publicly available information can be used to determine the most critical electric substations in the US, which if attacked, could result in a nationwide blackout. Remember that million-dollar Federal Energy Regulatory Commission (FERC) study in 2013 that found that attacks on just nine electric substations in the US […]
Organic Farmers Win GMO Fight in Jackson County, Oregon
January 11th, 2016Via EcoWatch: Organic farmers are racking up new victories in the fight against “franken-food,” as a growing number of counties line up to bar genetically engineered (GE) crop cultivation throughout the country. A federal judge in Jackson County, Oregon, recently upheld a consent decree that designates the region a “GE-free zone,” a ruling which officially […]
Japan: Researchers Developing Cell Phone Sensor to Detect Cancer, Other Diseases from Breath
January 9th, 2016Via: The Japan Times: A high-precision sensor that can detect the possibility of someone having cancer, diabetes and other ailments just from their breath has been developed in a joint project involving the government, the private sector and a university. The product is expected to be put into practical use as early as 2022, it […]
CHINA: STOCKS HALTED; SHANGHAI DOWN 7%
January 6th, 2016Via: CNBC: China’s stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7 percent in early trade, triggering the market’s circuit breaker for a second time this week. That drop-kicked stock markets across Asia, which were already wallowing after a weaker open amid concerns over China’s economic slowdown and its […]
Most Americans Are One Paycheck Away from the Street
January 6th, 2016Via: MarketWatch: Americans are starting 2016 with more job security, but most are still theoretically only one paycheck away from the street. Approximately 63% of Americans have no emergency savings for things such as a $1,000 emergency room visit or a $500 car repair, according to a survey released Wednesday of 1,000 adults by personal […]
Oil Hits 11-Year Low
January 6th, 2016Via: Reuters: Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more unlikely. Evidence of slowing economic growth in China and India has fueled fears that even strong demand elsewhere may not be […]
Pentagon Prepares to Blow Hundreds of Billions of Dollars on New Nuclear Submarines
January 5th, 2016Via: Fiscal Times: The Defense Department has given the U.S. Navy the green light to begin entertaining proposals for the service’s next ballistic missile submarine, an effort that could cost nearly $350 billion over its lifetime. A Pentagon spokeswoman told Bloomberg on Tuesday that Frank Kendall, the agency’s top weapons buyer, told the Navy it […]
