Archive for the 'Economy' Category
China Is Reaping Biggest Benefits of Iraq Oil Boom
June 3rd, 2013For to win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill. -Sun Tzu, The Art of War The Chinese had nothing to do with the war, eh? Attention Michael Makovsky: China bought hundreds of billions of dollars worth of […]
SEC Bringing Lowest Number of Corporate Accounting Fraud Cases in a Decade
June 3rd, 2013Post 2008, what’s fraud? Via: New York Times: In April 2003, a New York Times article discussed the push by federal prosecutors to crack down on accounting fraud in which one expert said, “These have become the hot, sexy cases.” What followed were the convictions of chief executives including Jeffrey K. Skilling of Enron, Bernard […]
Fire Kills 119 at Poultry Plant in Northeast China
June 3rd, 2013Via: AP: A fire at a poultry plant in northeastern China trapped workers inside a cluttered slaughterhouse, killing at least 119 in one of China’s worst industrial disasters in years despite recent work safety improvements. Several dozen other people were hurt in Monday’s blaze in Jilin province’s Mishazi township, which appeared to have been sparked […]
Doing the ‘Absolute Opposite’ of So-Called Green Revolution Techniques, Poorest Indian Farmers Growing Record Amounts of Food
June 2nd, 2013Via: Guardian: What happened in Darveshpura has divided scientists and is exciting governments and development experts. Tests on the soil show it is particularly rich in silicon but the reason for the “super yields” is entirely down to a method of growing crops called System of Rice (or root) Intensification (SRI). It has dramatically increased […]
Submersible Structures, Habitats, & Sea-Floor Living Spaces
June 2nd, 2013I have just one question: Is a Big Daddy included? Via: Hardened Structures of America (.pdf): Your H2OME comes complete with push-button fish feeders so that you and your guests can feed the fish as well as underwater lights to light up the sea floor for a limited period of time each evening. Research Credit: […]
bitNZ: New Zealand Dollar Bitcoin Exchange
June 1st, 2013Disclosure: I have no affiliate relationship with bitNZ and I have not been paid anything to mention them. I am a bitNZ customer. I’d had enough of paying large wire fees with Mt.Gox, so I tried bitNZ.com instead. bitNZ worked great! NZD withdrawals to any NZ bank account are free. My only complaint is that […]
In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%
May 31st, 2013In other news: Maine Doctor Stops Accepting All Forms of Insurance, Cuts Prices for Treatments In Half. Via: Forbes: One of the most serious flaws with Obamacare is that its blizzard of regulations and mandates drives up the cost of insurance for people who buy it on their own. This problem will be especially acute […]
Germany Fears Revolution if Europe Scraps Welfare Model
May 31st, 2013This is a battle against the machine and it’s already lost. Via: Reuters: German Finance Minister Wolfgang Schaeuble warned on Tuesday that failure to win the battle against youth unemployment could tear Europe apart, and dropping the continent’s welfare model in favor of tougher U.S. standards would spark a revolution. Germany, along with France, Spain […]
Nikkei 225 Takes Another Dump
May 30th, 2013Via: Forbes: Overnight, it was all about Japan, with the Nikkei 225 tumbling another 5.15% after last Thursday’s drop of more than 7%. Although the Nikkei is still up more than 30% year-to-date, last night’s pullback made it a 14.75% correction from the highs.
Cost to Squid Minion to Avoid Prosecution for Influence Peddling: $100K
May 30th, 2013Via: Reuters: A former Goldman Sachs Group Inc. investment banker has agreed to a five-year securities industry ban and a record fine to settle U.S. Securities and Exchange Commission charges that he broke rules against influence peddling to win bond underwriting business in Massachusetts. Without admitting or denying wrongdoing, Neil Morrison, 38, accepted what the […]
