Archive for the 'Economy' Category
‘What I’ve Been Doing Out Here’
February 8th, 2014Becky and I were into our 30s before we started to execute our exit strategy. Our neighbors, Thomas and Catherine, pulled it off and they are only in their mid 20s. I think that it’s a beautiful coincidence that people with core values that are so similar to ours happen to live across the road […]
Frack the Drought
February 6th, 2014Via: USA Today: The USA’s domestic energy boom is increasing demands on water supplies already under pressure from drought and growing populations, a new report says. The water-intensive process used to extract oil and gas from shale underground — known as hydraulic fracturing or fracking — has required almost 100 billion gallons of water to […]
Professor Tyrone Hayes, Atrazine and Syngenta
February 5th, 2014That atrazine is dangerous is just the opener. The PSYOP that Syngenta is running against Hayes is incredible. Via: The New Yorker: Hayes published his atrazine work in the Proceedings of the National Academy of Sciences a year and a half after quitting the panel. He wrote that what he called “hermaphroditism” was induced in […]
A Rash of Deaths and a Missing Reporter — With Ties to Wall Street Investigations
February 4th, 2014Via: Wall Street on Parade: In a span of four days last week, two current executives and one recently retired top ranking executive of major financial firms were found dead. Both media and police have been quick to label the deaths as likely suicides. Missing from the reports is the salient fact that all three […]
Wall Street Attracts Chop Shops 20 Years After ‘Wolf’
February 3rd, 2014Via: Bloomberg: When Paul Taboada ran Charles Morgan Securities Inc. at 120 Wall St., he set himself apart by wearing suits with the brokerage’s name stitched into the pinstripes. He ran into trouble within a few years. A client was sent to jail in 2010 for a fraud prosecutors alleged Taboada facilitated. Customers complained about […]
“The Economic Picture Is Looking Brighter”: Nearly Half of America Lives Paycheck-to-Paycheck
January 31st, 2014Recovery! Via: Time: But as evidenced by a report out Thursday from the Corporation for Enterprise Development, nearly half of Americans are living in a state of “persistent economic insecurity,” that makes it “difficult to look beyond immediate needs and plan for a more secure future.” In other words, too many of us are living […]
Third Banker Suicided
January 31st, 2014We have Gabriel Magee and William ‘Bill’ Broeksmit from a couple of days ago and now Mike Dueker. Any more? Via: Bloomberg: Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s […]
Google and DeepMind Technologies
January 30th, 2014Via: MIT Technology Review: How much are a dozen deep-learning researchers worth? Apparently, more than $400 million. This week, Google reportedly paid that much to acquire DeepMind Technologies, a startup based in London that had one of the biggest concentrations of researchers anywhere working on deep learning, a relatively new field of artificial intelligence research […]
Two Top American Bankers Commit Suicide in London
January 29th, 2014Oh sure. Via: Daily Mail: Two top ranking American bankers working in senior positions in London have committed suicide in the space of two days. Gabriel Magee, a 39-year-old JP Morgan bank executive, died early this morning after he jumped 500ft from the top of the bank’s European headquarters. His body was discovered on the […]
Iceland Let Banks Fail, Jailed Criminal Bankers and Now Has Only 4% Unemployment
January 29th, 2014Via: Bloomberg: Iceland let its banks fail in 2008 because they proved too big to save. Now, the island is finding crisis-management decisions made half a decade ago have put it on a trajectory that’s turned 2 percent unemployment into a realistic goal. While the euro area grapples with record joblessness, led by more than […]
