Archive for the 'Economy' Category
‘Why the Cyprus Bail In Is a Bigger Deal Than You Think’
March 19th, 2013Via: Yahoo Finance: So, assuming Cyprus’s government approves the deal (still pending–with the vote now postponed until Wednesday), depositors will have some of their money seized. Now, half of these depositors are said to be Russian oligarchs and other non-residents. And unless you happen to have the misfortune of having an account in a Cyprus […]
Poor Often Don’t Have Legal Representation in Court
March 18th, 2013Via: New York Times: Today, many states and counties do not offer lawyers to the poor in major civil disputes, and in some criminal ones as well. Those states that do are finding that more people than ever are qualifying for such help, making it impossible to keep up with the need. The result is […]
Lockheed Martin Developing Desalination Method That Uses Much Less Energy Than Reverse Osmosis
March 18th, 2013Via: Reuters: A defense contractor better known for building jet fighters and lethal missiles says it has found a way to slash the amount of energy needed to remove salt from seawater, potentially making it vastly cheaper to produce clean water at a time when scarcity has become a global security issue. The process, officials […]
Cost of America’s Latest War in Iraq Could Grow to More than $6 Trillion
March 18th, 2013Via: Reuters: The U.S. war in Iraq has cost $1.7 trillion with an additional $490 billion in benefits owed to war veterans, expenses that could grow to more than $6 trillion over the next four decades counting interest, a study released on Thursday said. The war has killed at least 134,000 Iraqi civilians and may […]
EU: GOVERNMENT THEFTS FROM BANK ACCOUNTS MAY HAPPEN IN OTHER COUNTRIES
March 17th, 2013The Washington Post took the words right out of my mouth: The best the rest of the world can hope for is that Cyprus’s case is sufficiently unique that it won’t spark panic in Athens and Madrid (or in Lisbon, Dublin and Rome). Via: New York Times: In a move that could set off new […]
The Internet Is a Surveillance State
March 17th, 2013Via: CNN: The Internet is a surveillance state. Whether we admit it to ourselves or not, and whether we like it or not, we’re being tracked all the time. Google tracks us, both on its pages and on other pages it has access to. Facebook does the same; it even tracks non-Facebook users. Apple tracks […]
CYPRUS: GOVERNMENT TAKES UP TO 10% OF INDIVIDUALS’ FUNDS ON DEPOSIT WITH BANKS AS PART OF BAILOUT AGREEMENT
March 16th, 2013Via: BBC: People in Cyprus have reacted with shock to news of a one-off levy of up to 10% on savings as part of a 10bn-euro (£8.7bn; $13bn) bailout agreed in Brussels. Savers could be seen queuing at cash machines amid resentment at the charge. The deal reached with euro partners and the IMF marks […]
This Is Anarcho-Herbalism
March 15th, 2013Via: Alchemy Works: A society of people who are responsible for their own health and able to gather or grow their own medicines is a hard society to rule. These days we are dependent on the power structure of industrial health care – the secret society of the doctors, the white-male-dominated medical schools, the corporate […]
Home Repossessions Lowest Since 2007
March 14th, 2013Via: Bloomberg: Home repossessions in the U.S. plunged 29 percent last month from a year earlier to the lowest level since 2007 amid increased efforts by state lawmakers and courts to delay property seizures, according to RealtyTrac. Banks took 45,038 properties from delinquent borrowers in February, an 11 percent decrease from the previous month and […]
‘Lean Times at the Pentagon’: U.S. Air Force Considering Building Network of Tunnels for Mobile Doomsday Trains
March 14th, 2013The reason why I haven’t been is because it’s a trivial event, either way. Soviet America is so far gone, so dependent on insane state expenditures, that the propaganda outlets lose their mind at the prospect of any budget cuts at all. —Spending: With Sequestration and Without Sequestration And now… Via: Danger Room: The Air […]
