Archive for the 'Economy' Category
Dear Class of ’13: You’ve Been Scammed
May 18th, 2013Via: MarketWatch: You sit here today, $30,000 or $40,000 in debt, as the latest victims of what may well be the biggest conspiracy in U.S. history. It is a conspiracy so big and powerful that Dan Brown won’t even touch it. It’s a conspiracy so insidious that you will rarely hear its name. Move over, […]
Captain Obvious: Gen X On Track To Be Worse Off Than Boomers In Retirement
May 17th, 2013Via: CNN: Boomers lost a significant chunk of their retirement nest eggs in the recession, but it was members of Generation X who were really hit the hardest, according to a report released Thursday. If they don’t start paying off debt and saving more, Gen Xers (those between the ages of 38 and 47) and […]
U.S. Congress Restricts Government Purchase of Chinese Computer Equipment, Citing Cyber-Espionage Concerns
May 17th, 2013haha. Good luck with that. Via: The Verge: The latest US appropriations bill, signed into law just this week, includes a provision that is likely to further raise tensions between the country and China. The provision requires the Department of Justice, Department of Commerce, NASA, and the NSF to perform a formal assessment of risk […]
‘Pentagon Spec Ops Chief Sees ’10 to 20? More Years of War Against al-Qaida’
May 16th, 2013Via: Wired: The war in Afghanistan may be winding down. But the Pentagon’s chief of irregular warfare still sees a war against al-Qaida that will last decades, all over the world — a prospect that prompted astonishment and constitutional debate in the Senate. Asked at a Senate hearing today how long the war on terrorism […]
U.S. Government Lobbies Worldwide for Monsanto and Other GMO Firms
May 16th, 2013Via: Guardian: If you have a feeling that genetically modified (GM) foods are being forced upon the population by a handful of business interests and vociferously defended by the scientists that work in the agriculture industry or at the research institutions it funds, you might be onto something. The zeal with which GM proponents evangelize […]
The Too Big to Fail Gravy Train
May 16th, 2013Via: Bloomberg: These six banks — Bank of America Corp. (BAC), Citigroup Inc. (C), Goldman Sachs Group Inc., (GS) JPMorgan Chase & Co. (JPM), Morgan Stanley and Wells Fargo & Co (WFC). — have also benefited from tax breaks and Federal Reserve largesse since the end of 2008 in the form of additional income from […]
Baseworld
May 16th, 2013Via: Tom Dispatch: Outside the United States, the Pentagon controls a collection of military bases unprecedented in history. With U.S. troops gone from Iraq and the withdrawal from Afghanistan underway, it’s easy to forget that we probably still have about 1,000 military bases in other peoples’ lands. This giant collection of bases receives remarkably little […]
Florida Tweaks Traffic Lights to Rob Citizens of Millions of Dollars
May 15th, 2013Via: WTSP: A subtle, but significant tweak to Florida’s rules regarding traffic signals has allowed local cities and counties to shorten yellow light intervals, resulting in millions of dollars in additional red light camera fines. The 10 News Investigators discovered the Florida Department of Transportation (FDOT) quietly changed the state’s policy on yellow intervals in […]
‘Petrol Price Rigged for a Decade’
May 15th, 2013Via: Telegraph: MPs and energy experts tonight raised fears motorists have been “taken for a very expensive ride”, after officials searched the offices of BP and Shell for evidence of price-rigging. The companies are suspected of distorting the oil price since 2002, meaning drivers have potentially been ripped off for more than 10 years. Over […]
TEPCO Seeks Permission to Dump Groundwater from Fukushima Plant Into Ocean
May 14th, 2013Via: Japan Today: Officials from Tokyo Electric Power Co (TEPCO) on Monday met with a Fukushima fisheries cooperative to seek its members’ permission to dump groundwater from the stricken Fukushima Daiichi nuclear power plant into the ocean. The contaminated water storage has been a problem since early in the accident. TEPCO officials acknowledged last month […]
