Archive for the 'Economy' Category
USD Bitcoin Exchange Rate
April 8th, 2013Update: Bitcoin Crash The correct answer was that it hit $100 first, after reaching a high of $266. — Current Bitcoin Rate: Mt. Gox (USD) Related: Bitcoin.org
Biden: “Create a New World Order”
April 7th, 2013Via: CSPAN: Vice President Joe Biden calls for the creation of a “new world order” at the Export Import Bank conference in Washington on April 5, 2013. Flashback: 1992 Biden Speech: “On the Threshold of the New World Order: A Rebirth for the United Nations”
After Cyprus, Is Slovenia Next Euro Zone Domino?
April 7th, 2013Via: Reuters: Successive Slovenian governments have refused to privatize the country’s banks, which made disastrous loans to politically connected business interests and now threaten to drag the country center stage in the euro zone debt crisis. A span of unfinished apartment blocks in the Siska complex on the outskirts of Ljubljana is emblematic of the […]
‘The Labor Market Is in Worse Shape Than You Think’
April 7th, 2013Via: Daily Ticker: Harding says the shift to low-wage jobs from “good, middle-class” jobs such as construction workers, bookkeepers, typists, bank tellers and data entry employees, has led to growing income inequality. These positions have been replaced by modern IT systems that companies are using to cut costs and increase their bottom lines. “Companies are […]
Bank Of Cyprus CEO Hard Drives Sanitized
April 7th, 2013This doesn’t make any sense. What about the servers? Were those drives sanitized too? Well, come to think of it, this might make sense if the bank was a criminal enterprise from the start. Via: ZeroHedge: As the investigation into unusual loan write-downs and the ‘premature’ movement of capital away from Cyprus by the elites […]
‘Bitcoin Really Is an Existential Threat to the Modern Liberal State’
April 6th, 2013Via: Bloomberg: So far, Bitcoin is not a big deal. Its total value in circulation was $1.4 billion as of this week. That’s equivalent to the currency stock of a small nation — somewhere between Iceland and Uruguay — and just one-thousandth of the total value of U.S. dollars in circulation. The volume of transactions […]
Labor Force Participation Rate At 1979 Levels
April 5th, 2013Via: Zero Hedge: Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not […]
Price Increases for U.S. Military Gear Dwarf Most Nations’ Defense Budgets
April 5th, 2013Madness. Via: Wired: Here’s an example of what Defense Secretary Chuck Hagel was talking about in his Wednesday speech on reforming the way the Pentagon buys gear. If you look at just the increases in how much defense gear costs, the bloat dwarfs what nearly every other nation on earth spends on defense annually. I […]
Recovery: Debtors’ Prisons Thrive
April 5th, 2013Via: CBS: Thousands of Americans are sent to jail not for committing a crime, but because they can’t afford to pay for traffic tickets, medical bills and court fees. If that sounds like a debtors’ prison, a legal relic which was abolished in this country in the 1830s, that’s because it is. And courts and […]
Canadian Scientists Charged with Smuggling Dangerous and Highly Contagious Pathogens from China
April 5th, 2013Via: AFP: Canadian federal police on Wednesday charged two former government scientists with allegedly trafficking in dangerous and highly contagious germs. Klaus Nielsen and Wei Ling Yu, former researchers at the Canadian Food Inspection Agency (CFIA), are accused of attempting to export harmful pathogens that could infect humans and livestock to China. Nielsen was apprehended […]
