Archive for the 'Economy' Category
RBS Traders Suspended in Forex Probe
October 31st, 2013Via: BBC: Royal Bank of Scotland (RBS) has suspended two traders in connection to a growing investigation into the possible manipulation of foreign exchange rates. The news follows reports that London-based executives at three other major banks have been placed on leave. Regulators in the UK, US and Switzerland are looking into whether banks colluded […]
$30,000 Prosthetic Hand vs. One Made with a 3D Printer for $5
October 31st, 2013Via: Mish: What do you do when you cannot afford a $30,000 prosthetic hand that your son needs? Two years ago, Paul McCarthy began searching for an inexpensive yet functional prosthetic hand for his son Leon, who was born without fingers on one of his hands. McCarthy came across a video online with detailed instruction […]
People Who Live Downwind of Alberta’s Oil and Tar Sands Operations Are Getting Blood Cancer
October 30th, 2013Via: Think Progress: A new study has found that levels of air pollution downwind of the largest tar sands, oil and gas producing region in Canada rival levels found in the world’s most polluted cities. And that pollution isn’t just dirtying the air — it also could be tied increased incidence of blood cancers in […]
Another Google Barge Spotted on East Coast
October 29th, 2013If there was a list of Cryptogon axioms, #1 would probably be: No collapse due to energy scarcity. I’ve gone into why for many years, so feel free to look through the archives. Terawatts of untapped energy are just swirling around out there in the oceans, waiting to turn the gears of fascism. It was […]
Shocker: Doctors Motivated by Profit Treat Patients as ATMs
October 29th, 2013Via: Mish: US Healthcare System Explained in Six Succinct Points 1. A constant battle is underway between insurance companies that do not want to pay any claims, even legitimate ones, and doctors and hospitals incentivised to rip off patients, insurers, and taxpayers with unnecessary surgeries and Medicare fraud. 2. Insurance companies demand massive amounts of […]
China: The Making of ‘Gutter Oil’
October 29th, 2013Via: YouTube: Research Credit: RP
Print a 2,500 Square Foot House in 20 Hours
October 28th, 2013Via: IndustryTap: We have seen huge advancements in 3D printing. We’ve even seen oversized wrenches printed that measure 1.2 meters in length. Now, we can print an entire 2,500 sqft house in 20 hours. In the TED Talk video below, Behrokh Khoshnevis, a professor of Industrial & Systems Engineering at the University of Southern California […]
Food Stamp Cut Hits Friday
October 28th, 2013Via: NPR: Poor families across the country will have a harder time stretching their food budgets after Friday, as stimulus funding for the Supplemental Nutrition Assistance Program (SNAP) automatically expires. The 13.6 percent boost in SNAP benefits the American Reinvestment and Recovery Act instituted in April 2009 ends Nov. 1. The Center on Budget and […]
Electric Utility Executives Worry About Solar Panels
October 28th, 2013Via: San Francisco Chronicle: Sitting on a rooftop, soaking up sun, the humble solar panel may not look like a threat to a multibillion-dollar industry. But some electric utility executives say it is. They even have a name for the nightmare scenario solar could create – the “death spiral.” They fear solar’s rapid spread across […]
U.S. Banks Told to be Prepared for 30-Day Crisis
October 28th, 2013Via: Irish Independent: The biggest US banks would be required to hold enough easily sold assets to survive a 30-day credit drought under proposed new Federal Reserve liquidity rules. The Federal Reserve liquidity coverage ratio proposal, approved unanimously at a meeting in Washington, goes further than the Basel III measure adopted in January and calls […]
