Archive for the 'Economy' Category
Afghanistan War: One Trillion Dollars
December 14th, 2014Hope + Change we can believe in = Priceless Via: Financial Times: The Afghanistan war, the longest overseas conflict in American history, has cost the US taxpayer nearly $1tn and will require spending several hundred billion dollars more after it officially ends this month, according to FT calculations and independent researchers. Around 80 per cent […]
Sony Suspends Filming After Hackers Hit Payments
December 12th, 2014Via: The Times: The Hollywood studio that made the James Bond and Spider-Man films has abandoned shoots after hackers crippled its computer network, and leaked four films and thousands of documents. Agencies filming for Sony Pictures have cancelled shoots because the problems have left it unable to process payments, a source told The Times.
“Could the U.S. Bail Out Its Own Oil Sector?”
December 10th, 2014Warning: This is not a recommendation to buy, sell or hold any financial instrument. “…there’s a part of me, a gut feeling, that thinks that the shale apocalypse will just continue on somehow.” —Oil Down 6.88% On OPEC Strategy to Destroy U.S. Shale Business My long side trigger finger will start to itch if it […]
British Tycoon Impaled on Spikes Following 60ft Fall from Luxury London Penthouse
December 10th, 2014Update: Scot Young Via: Telegraph: A financier at the heart of one of Britain’s biggest divorce battles has died after falling from his £3 million home and impaling himself on iron railings. Scot Young, 52, suffered horrific injuries after plummeting four storeys from a window of his luxury central London penthouse. His death comes almost […]
Retail Neuroscience
December 10th, 2014Via: CBS: Retailers are trying to get into customers’ brains and they now have the technology to do it. It’s called consumer neuroscience and companies are getting valuable shopper intel that can shape the shopping experience.
Greek Stocks Crash
December 9th, 2014Via: CNBC: Greece’s stock market plunged 13 percent on Tuesday and bond yields spiked after the country’s government surprised investors by announcing a snap presidential vote. The election was originally scheduled for the new year, but will now take place next week. The news, announced late Monday, caused the Athens Stock Exchange to fall 13 […]
Stocks: Shanghai Down 5%, Greece Down 6%
December 9th, 2014Via: CNBC: Greek stocks slid 6 percent, with continued political jitters in the country adding to the declines. … China was the main focus for investors as the country’s Shanghai Composite (Shanghai Stock Exchange: .SSEC) benchmark tumbled in the final hour of trade. It finished the session down 5.3 percent after rallying to a three-and-half-year […]
Why Elon Musk’s Batteries Scare the Hell Out of the Electric Company
December 9th, 2014Disclosure: I sell solar power systems in New Zealand. Via: Bloomberg: At a sagebrush-strewn industrial park outside of Reno, Nevada, bulldozers are clearing dirt for Tesla Motors Inc. (TSLA)’s battery factory, projected to be the world’s largest. Tesla’s founder, Elon Musk, sees the $5 billion facility as a key step toward making electric cars more […]
Betting On The ‘Other’ Oil Black Swan
December 9th, 2014Via: ZeroHedge: That said, if oil prices go “too low”, there are some very powerful State actors who could become incentivized to precipitate a geopolitical crisis in order to get oil prices back up. E.g. a Saudi Arabian spring, or an attack on a major pipeline? The ISIS-sponsored attack in November in Saudi Arabia’s oil-rich […]
Slain MassMutual Executive Held Wall Street “Trade Secrets”
December 9th, 2014In other news: “Riddles” Surround 36th Dead Banker Of The Year. Via: Wall Street On Parade: On Thursday, November 20, 2014, the body of 54-year old Melissa Millan, a divorced mother of two school-age children, was found at approximately 8 p.m. along a jogging path running parallel to Iron Horse Boulevard in Simsbury, Connecticut. A […]
