Archive for the 'Economy' Category
Cyprus Prepares Money Controls Before Banks Reopen
March 27th, 2013Via: AP: Cypriot authorities are preparing limits on how much money depositors can take out of their accounts a day before banks are set to reopen. A banking official said Wednesday — on condition of anonymity because the measures have yet to be officially announced — that they include restrictions on large-scale money transfers from […]
The Robot Reality: Service Jobs Are Next to Go
March 27th, 2013Via: CNBC: If you meet Baxter, the latest humanoid robot from Rethink Robotics – you should get comfortable with him, because you’ll likely be seeing more of him soon. Rethink Robotics released Baxter last fall and received an overwhelming response from the manufacturing industry, selling out of their production capacity through April. He’s cheap to […]
Student Loan Write-Offs Hit $3 Billion in First Two Months of Year
March 26th, 2013Via: Reuters: Banks wrote off $3 billion of student loan debt in the first two months of 2013, up more than 36 percent from the year-ago period, as many graduates remain jobless, underemployed or cash-strapped in a slow U.S. economic recovery, an Equifax study showed. The credit reporting agency also said Monday that student lending […]
EU to Bank Depositors in Other Member States: You Could Be Next
March 26th, 2013The fascist Borg collective is through effing around. Via: Telegraph: Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced. The new policy will alarm hundreds of thousands of British expatriates who live and have […]
Britain: Boy Sells Phone App to Yahoo for $30 Million
March 26th, 2013Maybe someone will make an app that turns Cryptogon posts into Haiku and sell it for big bucks! 🙂 Paper money doom Spooks monitor internets Best go milk the goat Eh? Eh? Get those checkbooks out. Via: Reuters: Got a tech idea and want to make a fortune before you’re out of your teens? Just […]
‘Kerry, Karzai Bury Hatchet in Kabul Meeting’
March 26th, 2013Sequence of events: 1) 10 March 2013, Karzai Says Taliban ‘In Service to America’: “My guess is that Karzai probably perceives that he’s not getting a big enough cut of the opium pie.” 2) 12 March 2013, Over 20 Tons of Heroin Seized in Afghanistan: “Can you hear me now?” 3) 25 March 2013: John […]
CYPRUS: UP TO 40% THEFT FROM BANK ACCOUNTS
March 25th, 2013Update: No Levies on Accounts with Balances Below €100,000 Via: Guardian / Liveblog: Jeroen Dijsselbloem: “I would l like to emphasis that none of these measures will affect desposits below €100,000.” — Confirmation and details are not out. BBC is going with the following right now. Via: BBC: Eurozone finance ministers have agreed a deal […]
Putin Foe, Exiled Russian Oligarch Found Dead in UK Home
March 24th, 2013Via: CNN: Investigators are searching the London area home where the body of former Russian oligarch Boris Berezovsky was found for possible chemical, radiological or biological evidence, police said in a statement released early Sunday. Circumstances surrounding the death of Berezovsky, one of the most politically influential of Russia’s oligarchs until a bitter falling out […]
More People Have Access To Cellphones Than Toilets
March 24th, 2013The failure to see human waste as anything less than a valuable resource is THE most maddening nonsense that I’m aware of. The media would have you believe that this is some sort of expensive, complicated, pretty much unsolvable issue when the most basic solution is a 20 liter bucket (or what Americans refer to […]
Academia Is Eating Its Young
March 24th, 2013Don’t forget the fraud: Doubts About Johns Hopkins Research Have Gone Unanswered Scientific Fraud: ‘Nobody Had Noticed the Whole Thing Was Rotten’ American Society for Microbiology: ‘Has Modern Science Become Dysfunctional?’ Via: Press Button, Go Boink: It’s a difficult time for anyone in Academia. From teaching, to funding, to publishing, to translating research, to intellectual […]
