Archive for the 'Economy' Category
NSA Links to St Petersburg Florida Drug Ring
November 17th, 2013Via: Mad Cow Morning News: Skyway Global LLC, the St. Petersburg, FL company that owned the DC-9 airline busted in Mexico carrying 5.5 tons of cocaine, made its headquarters in a 79,000 sq ft building owned by Verint Systems (NASDAQ: VRNT), a foreign tele-communications company with a contract to wiretap the U.S. for the NSA […]
The Wall Street Code
November 16th, 2013Via: Backlight: Research Credit: JF
Apple Spending $10.5 Billion on Automated Manufacturing Equipment
November 16th, 2013Via: Bloomberg: Apple Inc. is putting a record $10.5 billion to work in new technology — from assembly robots to milling machines — that consumers will never see. To get a jump on rivals like Samsung Electronics Co. and lay the groundwork for new products, Apple is spending more on the machines that do the […]
Timothy Geithner Heads to Private Equity Firm Warburg Pincus
November 16th, 2013Via: Politico: Former Treasury Secretary Timothy Geithner, a trusted lieutenant to President Barack Obama who played a leading role in the government’s response to the financial crisis, will join private-equity firm Warburg Pincus LLC in March. On Saturday, the firm, which is headquartered in New York, announced Geithner will hold the titles of president and […]
Ubiquity Eyes Turning Sears Auto Centers into Data Centers
November 16th, 2013Via: Data Center Knowledge: One of America’s retail pioneers may build a brand for the new economy, housing servers where it once changed your oil. Ubiquity Critical Environments, the data center unit of Sears Holdings, is considering a concept to convert some of its Sears Auto Center stores into data centers. It is working with […]
TSA SPOT Program: Billion Dollar Magic 8 Ball
November 16th, 2013Via: GAO: Available evidence does not support whether behavioral indicators, which are used in the Transportation Security Administration’s (TSA) Screening of Passengers by Observation Techniques (SPOT) program, can be used to identify persons who may pose a risk to aviation security. GAO reviewed four meta-analyses (reviews that analyze other studies and synthesize their findings) that […]
Sentenced to Die Behind Bars for What?
November 16th, 2013Profits. Via: ACLU: For 3,278 people, it was nonviolent offenses like stealing a $159 jacket or serving as a middleman in the sale of $10 of marijuana. An estimated 65% of them are Black. Many of them were struggling with mental illness, drug dependency or financial desperation when they committed their crimes. None of them […]
CIA Collecting Data on International Money Transfers
November 14th, 2013Via: New York Times: The Central Intelligence Agency is secretly collecting bulk records of international money transfers handled by companies like Western Union — including transactions into and out of the United States — under the same law that the National Security Agency uses for its huge database of Americans’ phone records, according to current […]
Obamacare Wreck
November 14th, 2013Wow. Via: Reuters: President Barack Obama on Thursday tried to ease the biggest crisis of his presidency, acknowledging missteps with his signature healthcare law and announcing a plan to help those seeing their current health plans canceled because of it. Obama, trying to limit the political damage to his presidency and fellow Democrats, said health […]
Secret Trans-Pacific Partnership Agreement
November 13th, 2013Via: WikiLeaks: Today, 13 November 2013, WikiLeaks released the secret negotiated draft text for the entire TPP (Trans-Pacific Partnership) Intellectual Property Rights Chapter. The TPP is the largest-ever economic treaty, encompassing nations representing more than 40 per cent of the world’s GDP. The WikiLeaks release of the text comes ahead of the decisive TPP Chief […]
