Archive for the 'Economy' Category
And The Winner Of The World Food Prize Is… The Man From Monsanto
October 8th, 2013Via: NPR: Ever heard of the World Food Prize? It’s sometimes called the “Nobel Prize for food and agriculture,” but it has struggled to get people’s attention. Prize winners tend to be agricultural insiders, and many are scientists. Last year’s laureate, for instance, was , a pioneer of water-saving “micro-irrigation.” This year, though, the World […]
Carter: Middle Class Today Resembles Poor of 1970s
October 8th, 2013Via: AP: Former President Jimmy Carter said Monday that the income gap in the United States has increased to the point where members of the middle class resemble the Americans who lived in poverty when he occupied the White House. Carter offered his assessment of the nation’s economic challenges Monday at a Habitat for Humanity […]
Recovery: Alcatel-Lucent to Cut 10,000 Jobs
October 8th, 2013Via: Dice: Alcatel-Lucent is planning to cut 10,000 workers by 2015 as the telecom equipment maker continues to restructure. Alcatel-Lucent logoBack in June, Alcatel-Lucent announced its Shift Plan, which aims to save 1 billion Euros in fixed costs as it retools its operations. However, at the time, it didn’t give an estimate of how many […]
Social Security Warns Benefits Could Get Cut
October 8th, 2013Via: Wall Street Journal: The Social Security Administration has begun warning the public it cannot guarantee full benefit payments if the debt ceiling isn’t increased. When asked by the public, the agency is notifying beneficiaries that “Unlike a federal shutdown which has no impact on the payment of Social Security benefits, failure to raise the […]
Aerospace Company Develops Drone That Can Fly Continuously For 5 Years
October 8th, 2013Via: CBS: An aerospace company has presented its design “atmospheric satellites” that fly at 65,000 feet and provide drone-like services such as live-mapping and monitoring narcotics trafficking. Titan Aerospace recently offered the Solara series of such drones: which can fly continuously for nearly five years, charging its own battery high above commercial aircraft through the […]
Chinese Jitters Over Absurd $1.3 Trillion Gamble in U.S. Debt
October 7th, 2013Via: Independent: China, the biggest foreign creditor of the United States, has waded into the American budget crisis, warning Congress that it must resolve the political impasse over the debt ceiling without further delay. The Chinese Vice Foreign Minister, Zhu Guangyao, told America’s deadlocked politicians on Monday that “the clock is ticking” and called on […]
Pharmaceutical Firms Paid to Attend Meetings of Panel that Advises FDA
October 7th, 2013Via: Washington Post: A scientific panel that shaped the federal government’s policy for testing the safety and effectiveness of painkillers was funded by major pharmaceutical companies that paid hundreds of thousands of dollars for the chance to affect the thinking of the Food and Drug Administration, according to hundreds of e-mails obtained by a public […]
Recovery: ‘Families Hoard Cash 5 Years After Crisis’
October 6th, 2013Voluntary simplicity, or, living well on very little money, kicks evil people in the nuts and gouges out their eyes… Doing this in the U.S. has a force multiplier effect because the U.S. is the largest source of the funds that keep the global ponzi scheme running. When people in wealthy countries opt out, the […]
Treasury Will Run Out of Borrowed Money by October 17
October 6th, 2013“Or maybe it’s just a date in a video game”: 😉 Via: USA Today: The United States will run out of borrowed money “no later than Oct. 17” unless Congress raises the $16.7 trillion debt limit, Treasury Secretary Jacob Lew said in a letter to Congress Wednesday. Lew’s letter marks the first time he has […]
On the Possibility of Social Security Payments Not Going Out
October 6th, 2013I’m almost sure that they won’t let this situation hit the wall, but beware: If the dole train stops running for any reason, the U.S. will be facing a large scale internal collapse situation very fast. Again, my guess is that the Social Security and Food Stamp band will keep playing on for now. Via: […]
