Archive for the 'Economy' Category
Bitcoin Ramping Up Again
April 19th, 2013Just crossed $135.
They’re Still Talking About the Gold Wreck
April 17th, 2013Via: Daily Ticker: The speed and depth of gold’s decline drew comparisons to the 1987 stock market crash and prompted veteran trader Dennis Gartman to declare: “We’ve never… ever… ever… seen anything like what we’ve witnessed in the past two trading sessions.”
Cyprus: Government Plans to Sell Part of Its Gold Reserves
April 17th, 2013Via: Bloomberg: The Cypriot government plans to sell part of its gold reserves within the next months, a decision that needs to be approved by the country’s central bank, Finance Minister Haris Georgiades said. … Central bank chief Panicos Demetriades said last week that the Cypriot government didn’t have the right to sell gold without […]
FDA Let Drugs Approved on Fraudulent Research Stay on the Market
April 16th, 2013Via: ProPublica: On the morning of May 3, 2010, three agents of the Food and Drug Administration descended upon the Houston office of Cetero Research, a firm that conducted research for drug companies worldwide. Lead agent Patrick Stone, now retired from the FDA, had visited the Houston lab many times over the previous decade for […]
The Terrifying Reality of Long-Term Unemployment
April 15th, 2013Via: The Atlantic: As long as you’ve been out of work for less than six months, you can get called back even if you don’t have experience. But after you’ve been out of work for six months, it doesn’t matter what experience you have.
GOLD GAP DOWN
April 15th, 2013Warning: This is not a recommendation to buy, sell or hold any financial instrument. Gold Set for Worst Two-Day Loss Since 1983 Via: Reuters: Gold headed for its biggest two-day drop in 30 years on Monday as funds accelerated their exits from the market, and investors also cut exposure to oil, copper and grain after […]
‘News Is Bad for You – And Giving up Reading it Will Make You Happier’
April 15th, 2013“I hear from people who had read Cryptogon for years, and report to me how their quality of life improved dramatically since shutting out this type of information.” —Comment to Cryptogon reader Via: Guardian: News is bad for your health. It leads to fear and aggression, and hinders your creativity and ability to think deeply. […]
Shocker: Solar Panels Could Destroy U.S. Utilities, According to U.S. Utilities
April 14th, 2013Via: Grist: Solar power and other distributed renewable energy technologies could lay waste to U.S. power utilities and burn the utility business model, which has remained virtually unchanged for a century, to the ground. That is not wild-eyed hippie talk. It is the assessment of the utilities themselves. Back in January, the Edison Electric Institute […]
Guess At Satoshi’s Fortune: USD$100 Million
April 14th, 2013This reminds me of the proles debating aspects of the lottery in 1984. *chortle* But I went on to read both pages of the thread anyway. Via: Bitcoin Talk: I’ve estimated a lower bound of current Satoshi’s fortune. My estimation is that he owns more than 1M BTC, or 100M USD at current change. [sic]
Cliodynamics
April 14th, 2013Via: Wired: In Isaac Asimov’s classic science fiction saga Foundation, mathematics professor Hari Seldon predicts the future using what he calls psychohistory. Drawing on mathematical models that describe what happened in the past, he anticipates what will happen next, including the fall of the Galactic Empire. That may seem like fanciful stuff. But Peter Turchin […]
