Archive for the 'Economy' Category
Monsanto Protection Act Left to Expire
September 25th, 2013Via: The Hill: The Senate bill to keep the government funded will drop a controversial provision that food safety advocates warn lets agricultural giants avoid judicial oversight. The provision, dubbed the “Monsanto Protection Act,” was extended under the House’s continuing resolution passed last week. Under the Senate bill, it will expire at the end of […]
Criminal: How Lockup Quotas and “Low-Crime Taxes” Guarantee Profits for Private Prison Corporations
September 25th, 2013Via: In the Public Interest: This report discusses the use of prison bed occupancy guarantee clauses in prison privatization contracts and explores how bed occupancy guarantees undermine criminal justice policy and democratic, accountable government. The report sheds light on the for-profit private prison industry’s reliance on high prison populations, and how these occupancy guarantee provisions […]
Somebody Stole 7 Milliseconds From the Federal Reserve
September 24th, 2013This is interesting, but I’m sure that these news based trades are being set up days in advance with much smaller volumes. Why am I sure? Because I look for insider buying before news on dogshit stocks before news, and if bum level executives/criminals are doing this with their penny stocks it’s not a stretch […]
‘Robots May Revolutionize China’s Electronics Manufacturing’
September 24th, 2013Via: Wall Street Journal: A new worker’s revolution is rising in China and it doesn’t involve humans. With soaring wages and an aging population, electronics factory managers say the day is approaching when robotic workers will replace people on the Chinese factory floor. A new wave of industrial robots is in development, ranging from high-end […]
Huge Cocaine Haul Seized on Air France Plane in Paris
September 22nd, 2013Via: BBC: Police at Paris Charles de Gaulle airport have seized 1.3 tonnes of pure cocaine on board an Air France flight from Venezuela, French officials say. The drugs were found packed inside 30 suitcases on 11 September, but the operation was revealed on Saturday. France’s Interior minister, Manuel Valls, said it was the biggest […]
Venezuela Takes Over Toilet Paper Factory
September 21st, 2013This is where price controls will eventually land a country. All wiped out. Here’s what the crooked Venezuelan regime could do if it wants to provide competition in the market for toilet paper: Build a toilet paper factory and (try to) offer the products at a cheaper price. Via: Reuters: A Venezuelan state agency on […]
‘Glitch Blocked Goldman at Treasury Auction’
September 20th, 2013[???] Via: Wall Street Journal: A glitch in a computer system at the center of the $11.6 trillion market for U.S. government debt last week blocked Goldman Sachs Group Inc.’s multibillion-dollar order at an auction of Treasury bills, leaving the bank empty-handed and altering prices in the U.S. debt market. The Treasury Department on Sept. […]
Billionaire Investor: Fed Robbing Poor to Pay Rich
September 19th, 2013Via: CNBC: The Federal Reserve isn’t just inflating markets but is shifting a massive amount of wealth from the middle class and poor to the rich, according to billionaire hedge fund manager Stanley Druckenmiller. In an interview on “Squawk Box,” the founder of Duquesne Capital said the Fed’s policy of quantitative easing was inflating stocks […]
Shinola Is Bringing Watchmaking to Detroit
September 19th, 2013Google’s Moto X smartphone is made in Texas. And now watches… Made in Detroit? Yep. Via: The Verge: Detroit stories come in two kinds. There’s “the collapse of the Motor City” — the story of a once-great city now abandoned and bankrupt, its people gone or dug in, its once-grand buildings now majestic ruins, its […]
Abandoned NHS IT System Has Cost £10bn So Far
September 18th, 2013Via: Guardian: An abandoned NHS patient record system has so far cost the taxpayer nearly £10bn, with the final bill for what would have been the world’s largest civilian computer system likely to be several hundreds of millions of pounds higher, according a highly critical report from parliament’s public spending watchdog. MPs on the public […]
