Archive for the 'Economy' Category
U.S. Banks Warn Fed Interest Cut Could Force Them to Charge Depositors
November 25th, 2013Via: Financial Times: Leading US banks have warned that they could start charging companies and consumers for deposits if the US Federal Reserve cuts the interest it pays on bank reserves. Depositors already have to cope with near-zero interest rates, but paying just to leave money in the bank would be highly unusual and unwelcome […]
Israelis Secretly Inspect Saudi Bases; Possible Staging Ground for Strikes Against Iran
November 24th, 2013As a response, would Iran blow up Saudi Aramco’s deep water oil terminal at Ras Tanura, or close shipping through the Strait of Hormuz? Decisions, decisions. Via: Klein Online: Israeli personnel in recent days were in Saudi Arabia to inspect bases that could be used as a staging ground to launch attacks against Iran, according […]
Britain: Prisons Privatisation Cancelled Amid Serco Probe
November 22nd, 2013Via: BBC: Plans to privatise three prisons have been cancelled because of an ongoing investigation into the leading bidder. The justice secretary said the prison service would remain in charge at Hatfield, Lindholme and Moorland, all in South Yorkshire, while allegations against Serco remained outstanding. The contractor is accused of over-charging the government for electronically […]
#Let’s Cook: Feds Stop North Korean Meth ‘Floodgate’ Into New York
November 20th, 2013Via: New York Observer: Is Walter White working out of North Korea? According to federal authorities, five men were arrested in New York this week for attempting to bring over 200 pounds of methamphetamine from the dictatorial regime into the Empire State. (Mirroring the quality of “Blue Magic” meth produced in Breaking Bad, the illegal […]
Behind the Pentagon’s Doctored Ledgers, a Running Tally of Epic Waste
November 20th, 2013Never forget: Trillions: I would argue that Chalmers Johnson’s estimate was corroborated on September 10, 2001, on the eve of the worst terrorist attack in US history, when Secretary of Defense Donald Rumsfeld acknowledged during a press conference that the Department of Defense (DoD) could not account for $2.3 trillion of the massive Pentagon budget, […]
The City Addicted to Crystal Meth: The Methamphetamine Zombie Apocalypse in Fresno
November 20th, 2013This is a documentary from 2009. I think that YouTube recommended it to me because I was looking at videos about Breaking Bad. Via: BBC:
U.S. Troops to Remain in Afghanistan, “Perhaps Indefinitely”
November 20th, 2013Via: NBC: While many Americans have been led to believe the war in Afghanistan will soon be over, a draft of a key U.S.-Afghan security deal obtained by NBC News shows the United States is prepared to maintain military outposts in Afghanistan for many years to come, and pay to support hundreds of thousands of […]
Bernankecare
November 19th, 2013Via: Bloomberg: The Federal Reserve’s near-zero interest rate turns five years old next month, the longest period without an increase in history. Coupled with more than $3 trillion of asset purchases, it adds up to “Bernankecare,” said Joshua Brown, chief executive officer of Ritholtz Wealth Management in New York. And it’s causing parts of the […]
Bloomberg News Suspends Reporter Whose Article on China Was Not Published
November 18th, 2013Via: New York Times: A reporter for Bloomberg News who worked on an unpublished article about China, which employees for the company said had been killed for political reasons by top Bloomberg editors, was suspended last week by managers. The reporter, Michael Forsythe, was based in Hong Kong and has written award-winning investigative articles on […]
Screen Time Resulting in Children Turning Up to Doctors with Motor Delays, Decreased Muscle Strength
November 17th, 2013Via: CBS: Tablets and toddlers: A warning for parents of tech-savvy children. The American Academy of Pediatrics says children under two should avoid all screen time. Jessica Kartalija reports doctors and therapists fear too much time on touchscreens could cause long-term damage. Playtime for babies is far different in the 21st century. But parents could […]
