Archive for the 'Economy' Category
Don’t Let Them Pull Out Your Teeth
February 2nd, 2013Via: DailyKos: A few years ago I was diagnosed with an advanced case of gum disease. I was showing pocket depths of 9s and 10s. Many of my teeth were actually loose. And it had become painful to eat certain foods. My periodontist told me that in order to stop it from getting worse, I […]
Gasoline at Highest Price Ever for This Time of Year
February 2nd, 2013Via: CNBC: U.S. drivers are now paying more to fill up their gas tanks than they ever have at this time of year. The national average price of retail gasoline posted its biggest one-day increase in 23 months on Friday, rising four cents to $3.46 a gallon, according to AAA. The average price has risen […]
Larger Student Loan Debts, Less Ability to Repay
January 31st, 2013So it goes… Via: CNBC: Americans now owe an average of $27,253 in student loans as the delinquency rate has increased by more than 47 percent since 2005, according to a new report. Some 27 million borrowers, or slightly more than 13 percent of the country, have two or more outstanding student loans, according the […]
The Rise of the Permanent Temp Economy
January 31st, 2013Via: New York Times: Politicians across the political spectrum herald “job creation,” but frightfully few of them talk about what kinds of jobs are being created. Yet this clearly matters: According to the Census Bureau, one-third of adults who live in poverty are working but do not earn enough to support themselves and their families. […]
The Hugo Chavez ‘Socialist Revolution’ Nets Goldman Sachs et al. About 15% a Year
January 31st, 2013Same as it ever was: Wall Street and the Bolshevik Revolution: The Remarkable True Story of the American Capitalists Who Financed the Russian Communists by Anthony C. Sutton Via: Bloomberg: Since taking office in 1999, Hugo Chavez has spread his socialist revolution in Venezuela by seizing more than 1,000 companies. For bondholders that stuck by […]
Libor: ‘We will never know the amounts of money involved, but it has to be the biggest financial fraud of all time’
January 30th, 2013Via: Bloomberg: Where Libor is set each day affects what families pay on their mortgages, the interest on savings accounts and returns on corporate bonds. Now, banks are facing a reckoning, as prosecutors make arrests, regulators impose fines and lawyers around the world file lawsuits claiming the manipulation pushed homeowners into poverty and deprived brokerage […]
Wal-Mart Accused of Using Mexican Governor to Push Bribes
January 29th, 2013Via: Bloomberg: Wal-Mart Stores Inc.’s (WMT) Mexican unit used a current state governor there to facilitate $156,000 in bribes meant to help open stores, an ex-lawyer for the retailer told company officials in 2005, according to documents released by members of the U.S. Congress. The payments were negotiated by Graco Ramirez Garrido Abreu, who at […]
Canadian Special Forces on Ground in Mali
January 29th, 2013This is from CBC News, What Canada Is Doing in Mali: Canadian bilateral trade with Mali doesn’t amount to much. In 2011, we exported about $26 million worth of goods to Mali, most of that machinery and equipment. Imports from Mali came to less than $1 million. But Canadian investment in Mali amounts to considerably […]
Frontline: The Untouchables
January 29th, 2013I haven’t watched this yet, so I don’t know if it’s any good. Via: PBS: FRONTLINE investigates why Wall Street’s leaders have escaped prosecution for any fraud related to the sale of bad mortgages. Watch The Untouchables on PBS. See more from FRONTLINE.
V3Solar Spin Cell = 8 Cents/kWh?
January 28th, 2013At a minimum, it’s a neat looking design. Whether or not it will amount to anything more, who knows… Via: Clean Technica: “V3Solar has invented, and is now in the process of commercializing, the first major change to flat panel PV technology in over 50 years – the V3 Spin Cell. For too long, the […]
