Archive for the 'Economy' Category
U.S. Federal Debt Has Apparently Exceeded Legal Limit
July 26th, 2013Via: ETF Guide: U.S. federal debt has been stuck at $16,699,396,000,000.00 for 68 straight days, according to the Daily Treasury Statement on July 24. That amount is exactly $25 million less than the legal borrowing limit of $16,699,421,000,000.00 set on May 17, 2013. But that’s only part of the story. A digger deep at the […]
Japan to Mull Pre-Emptive Strike Capabilities
July 25th, 2013Via: Reuters: Japan is likely to start considering acquiring the ability to launch pre-emptive military strikes in a planned update of its basic defense policies, the latest step away from the constraints of its pacifist constitution. The expected proposal, which could sound alarm bells in China, is part of a review of Japan’s defense policies […]
Britain: Lawrence Family Hacks The Matrix
July 24th, 2013Via: Daily Mail: A family sold their four-bedroom house for life on a narrowboat – because they could no longer afford the cost of living. Now, the Lawrences make savings of £8,000 per year on household bills. After their property went under the hammer for £249,000, they moved on to the 65ft boat, worth £80,000, […]
Spain Taps Social Security Reserve Fund to Pay Pensions
July 23rd, 2013Via: Reuters: Spain tapped its social security reserve fund for the second time in a month on Monday, the Labour Ministry said, to help with extra summer pension payments as unemployment and retirement costs deplete government funds. The government turned to the fund for 3.5 billion euros ($4.6 billion) on July 1 then for a […]
Google Responsible for More Internet Traffic Than Facebook, Netflix, and Instagram Combined
July 23rd, 2013Via: Wired: Everyone knows Google is big. But the truth is that it’s huge. On an average day, Google accounts for about 25 percent of all consumer internet traffic running through North American ISPs. That’s a far larger slice of than previously thought, and it means that with so many consumer devices connecting to Google […]
Madness: The Raisin Administrative Committee
July 23rd, 2013Via: Reason: “They want us to pay for our own raisins that we grew,” says Raisin Valley Farms owner Marvin Horne. “We have to buy them back!” Marvin and Laura Horne, fined for the federal crime of selling their own raisins. This is but one absurdity that Marvin and his wife Laura have faced during […]
Microsoft Drove the Bus Off the Cliff, Now it Tries to Speed Up
July 23rd, 2013Via: SemiAccurate: Microsoft has driven off the cliff into the death spiral and rather than change direction they are trying to speed up their ‘momentum’. Endless reorgs, paid analyst reports, and flat-out lying to anyone who will listen won’t help, they can not succeed from their current position. Last fall SemiAccurate was one of the […]
Italy to Ban Monsanto GMO Maize
July 23rd, 2013Via: Reuters: Three Italian ministries have signed a decree banning the cultivation of a type of genetically modified maize, citing environmental concerns, the agriculture ministry said on Friday. The decree, which still needs to be published in the official gazette to become binding, targets Monsanto’s MON810 maize, one of two genetically modified organisms (GMO) allowed […]
America’s Large and Growing “Health Disadvantage”
July 22nd, 2013Via: Slate: Americans die younger and experience more injury and illness than people in other rich nations, despite spending almost twice as much per person on health care. That was the startling conclusion of a major report released earlier this year by the U.S. National Research Council and the Institute of Medicine. It received widespread […]
A Shuffle of Aluminum, but to Banks, Pure Gold
July 21st, 2013If the left hand isn’t sharing information with the right hand, with hundreds of millions of dollars in potential trading profits hanging in the balance, I’m Santa Claus. —Usual Suspects Now Heavily Involved with Commodity Warehousing Via: New York Times: Hundreds of millions of times a day, thirsty Americans open a can of soda, beer […]
