Archive for the 'Economy' Category
Top Email Terms Used by Corporate Fraudsters Published by FBI
January 8th, 2013Via: ComputerWorld: The top fraud words and phrases in email conversations: Cover up Write off Illegal Failed investment Nobody will find out Grey area They owe it to me Do not volunteer information Not ethical Off the books
Tide Detergent Now Used as Ghetto Currency
January 8th, 2013Via: New York Magazine: It turned out the detergent wasn’t being used as an ingredient in some new recipe for getting high, but instead to buy drugs themselves. Tide bottles have become ad hoc street currency, with a 150-ounce bottle going for either $5 cash or $10 worth of weed or crack cocaine. On certain […]
Ten Banks Agree to Pay $8.5 Billion for Foreclosure Abuse
January 7th, 2013Via: AP: Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. The banks, which include JPMorgan Chase, Bank of America and Wells Fargo, will pay billions to homeowners to end a review […]
CombiBar
January 6th, 2013Don’t leave home without it. *chortle* Via: Reuters: Private investors in Switzerland, Austria and Germany are lining up to buy gold bars the size of a credit card that can easily be broken into one gram pieces and used as payment in an emergency. Now Swiss refinery Valcambi, a unit of U.S. mining giant Newmont, […]
Christopher Tolkien on the Evisceration of His Father’s Work
January 6th, 2013Via: WorldCrunch: Christopher Tolkien gave his first ever press interview with Le Monde, shedding light on his father’s vision and sharing his own deep dismay with Hobbit director Peter Jackson. … This commercial galaxy is now worth several billion dollars — most of which does not go to Tolkien’s heirs, and thus complicates the management […]
California Now Officially Tolerates Some Homemade Food Businesses
January 5th, 2013Via: Bloomberg: Granola makers, homemade vinegar producers, and other foodies in California have cause to rejoice today. As of Jan. 1, a new state law allows people who make food at home to sell it to restaurants and grocery stores. Leave it to California to upend decades of public health consensus that food businesses need […]
‘Can a $1 Trillion Coin End Debt Ceiling Crisis?’
January 5th, 2013There’s a lot of laughter about this, but the proposal is not altogether different from what the U.S. is doing already in slow motion. The key difference between simply minting trillion dollar coins and the way the debt scam is currently done is as follows: If the U.S. Government prints x number of trillion dollar […]
How Bankers Help Drug Traffickers and Terrorists
January 5th, 2013Via: New York Times: LAST month, HSBC admitted in court pleadings that it had allowed big Mexican and Colombian drug cartels to launder at least $881 million. The bank also admitted to using various schemes to move hundreds of millions of dollars to nations subject to trade sanctions, including Iran, Cuba and Sudan, in violation […]
Greece: Communities Ditch Euro, Use Local Currencies and Bartering to Beat the Economic Crisis
January 5th, 2013When I first posted about the Tem back in March 2012, there were only an estimated 300 people using it. Now, there are 1,300. Via: Guardian: It’s been a busy day at the market in downtown Volos. Angeliki Ioanitou has sold a decent quantity of olive oil and soap, while her friend Maria has done […]
In Spain, Locksmiths Refuse to Cooperate with Foreclosures and Evictions
January 5th, 2013Via: The World: In Spain, in 2012, more than 50,000 families were evicted from their homes when they failed to pay their rent or mortgage. As the year wound down a handful of people committed suicide after learning they would be evicted. Now, in Pamplona, a group of experts who help carry out the evictions […]
