Archive for the 'Economy' Category
Foodstamps Surge By Most In One Year To New All Time Record, In Delayed Release
November 11th, 2012Via: Zerohedge: There was, however, another closely tracked number which perhaps is far more indicative of the economic “growth” in the past 4 years, which certainly had a delayed release. The number of course is that showing how many Americans are on foodstamps, and usually is released at the end of the month, or the […]
‘Incident’ on NZ’s Only International Internet Link
November 10th, 2012Everyone knows that you don’t put all of your eggs in one basket. In New Zealand, however, the whole damn show is A) dependent on a single submarine cable operator that is B) majority owned by Telecom New Zealand, a company that has been slapped with the largest ever fine for anti-competitive conduct in New […]
Apple Rejects App That Tracks U.S. Drone Strikes
November 9th, 2012Via: Wired: It seemed like a simple enough idea for an iPhone app: Send users a pop-up notice whenever a flying robots kills someone in one of America’s many undeclared wars. But Apple keeps blocking the Drones+ program from its App Store — and therefore, from iPhones everywhere. The Cupertino company says the content is […]
Microsoft’s Big Hidden Windows 8 Feature: Built-In Advertising
November 9th, 2012Via: Hot Hardware: Despite the fact that I’ve been using Windows 8 for the past three weeks, I somehow managed to overlook a rather stark feature in the OS: ads. No, we’re not talking about ads cluttering up the desktop or login screen (thankfully), but rather ads that can be found inside of some Modern […]
Cisco VP to Memo leaker: Finding You Is Now ‘My Hobby’
November 9th, 2012In case the leaker happens to be reading: Be aware of canary traps. They might use the technique to try to identify you. Via: Network World: Cisco vice president of services Mike Quinn, a former CIA operations officer, believes that whoever recently leaked an internal company memo to a blogger committed corporate treason and violated […]
Foxconn Sees New Source Of Cheap Labor: The United States
November 9th, 2012Since MIT did it with Open Courseware years ago, I suspected that the point of the “free education” offerings was to create a pool of relatively skilled workers in some of the poorest countries in the world. You know, places with open sewers where people sleep on dirt floors… and where lots of these people […]
U.S. Crashes Out Of The Top 10 In World Prosperity Index
November 7th, 2012Via: Business Insider: The United States is no longer one of the world’s ten most “prosperous” countries for the first time according to the Legatum Institute. The Legatum Prosperity Index assessed and ranked the prosperity of 142 countries based on eight sub-categories: economy, entrepreneurship and opportunity, health, governance, education, safety and security, personal freedom, and […]
HSBC Could Be Facing More than $1.5 Billion in Money Laundering Fines
November 5th, 2012Via: Reuters: A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe’s biggest bank said on Monday. HSBC said the U.S. investigation had damaged the bank’s reputation and forced it to set aside a further $800 million to cover a […]
‘Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage’
November 4th, 2012[???] Via: CNN: Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have suffered water damage from Superstorm Sandy. The Depository Trust & Clearing Corp., an industry-run clearing house for Wall Street, said the contents of its vault “are likely damaged,” after its […]
Panic to Sell Businesses Before Tax Increase
November 2nd, 2012Via: Wall Street Journal: A looming increase in the capital-gains tax rate next year is fueling sales of some privately-held businesses. Many business owners—mostly founders who could gain a lot from a sale—are looking to close deals before next year, when the maximum tax on investment income is scheduled to rise from 15% currently to […]
