Archive for the 'Economy' Category
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: […]
Swiss to Vote on Basic Income for All Adults and Maximum Wage Limits for Executives
October 5th, 2013Via: Reuters: Switzerland will hold a vote on whether to introduce a basic income for all adults, in a further sign of growing public activism over pay inequality since the financial crisis. A grassroots committee is calling for all adults in Switzerland to receive an unconditional income of 2,500 Swiss francs ($2,800) per month from […]
TellSpec
October 3rd, 2013Via: TellSpec: We are raising funds for the development and manufacture of TellSpec, the world’s first reliable and accurate handheld device that scans and analyzes the composition of food so consumers know the real ingredients before they buy or eat the food. TellSpec brings together laser spectroscopy and a unique mathematical algorithm in a revolutionary […]
Millions of Poor Are Left Uncovered by Health Law
October 3rd, 2013Via: New York Times: A sweeping national effort to extend health coverage to millions of Americans will leave out two-thirds of the poor blacks and single mothers and more than half of the low-wage workers who do not have insurance, the very kinds of people that the program was intended to help, according to an […]
Pentagon Spent $5 Billion on Weapons on the Eve of the Shutdown
October 3rd, 2013Via: Foreign Policy: The Pentagon pumped billions of dollars into contractors’ bank accounts on the eve of the U.S. government’s shutdown that saw 400,000 Defense Department employees furloughed. All told, the Pentagon awarded 94 contracts yesterday evening on its annual end-of-the-fiscal-year spending spree, spending more than five billion dollars on everything from robot submarines to […]
