Archive for the 'Economy' Category
Feds Charge 91 in $430 Million Medicare Fraud
October 9th, 2012Via: Reuters: Ninety-one people including doctors, nurses and other medical professionals were charged criminally in a new sweep of Medicare fraud involving seven U.S. cities and $430 million in alleged false billing, officials said on Thursday. It was the government’s second big raid in recent months after a similar effort in May alleged $452 million […]
The Term ‘Food Unrest’ Will Become Part of Our Daily Vocabulary
October 9th, 2012Via: Daily Ticker: “The term ‘food unrest’ will become part of our daily vocabulary,” Brown tells The Daily Ticker. It reflects the imbalance between the supply of food and demand for food globally. On the demand side, says Brown, is a growing global population — 80 million more people born each year — and more […]
Workers at Multiple Wal-Mart Stores On Strike for First Time
October 5th, 2012Via: Salon: Today, for the first time in Wal-Mart’s 50-year history, workers at multiple stores are out on strike. Minutes ago, dozens of workers at Southern California stores launched a one-day work stoppage in protest of alleged retaliation against their attempts to organize. In a few hours, they’ll join supporters for a mass rally outside […]
FTC Releases Redacted Google Privacy Report
October 5th, 2012Via: The Security Ledger: Google could tell you about its privacy practices except, well….they’re private. That’s the conclusion privacy advocates are drawing after the Federal Trade Commission took a black marker to an independent audit of the company’s privacy practices before releasing it to the group EPIC in response to a Freedom of Information Act […]
SOME CALIFORNIA GAS STATIONS SHUT AS OIL REFINERS RATION SUPPLIES
October 5th, 2012Via: Bloomberg: Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. (COST) are beginning to shut pumps as the state’s oil refiners started rationing supplies and spot prices surged to a record. Valero Energy Corp. (VLO) stopped selling gasoline on the spot, or wholesale, market in Southern California and is allocating deliveries […]
Valero: Suspending Gasoline Sales in California Spot Markets
October 5th, 2012Via: NASDAQ: Valero Energy Corp. (VLO) said Thursday it temporarily stopped selling gasoline in California’s wholesale market as a string of refinery outages resulted in a regional gasoline shortage. Analysts fear the scramble for the motor fuel will send prices in the state close to $5 a gallon and force some gas stations to close. […]
The CIA and Jeff Bezos Bet on Quantum Computing
October 5th, 2012Via: MIT Technology Review: Inside a blocky building in a Vancouver suburb, across the street from a dowdy McDonald’s, is a place chilled colder than anywhere in the known universe. Inside that is a computer processor that Amazon founder Jeff Bezos and the CIA’s investment arm, In-Q-Tel, believe can tap the quirks of quantum mechanics […]
California Cities in Fiscal Trouble ‘Conga Line’
October 4th, 2012Via: CNBC: Vallejo started it. Then came Stockton. Mammoth Lakes. San Bernardino. Which California city will go bankrupt next? “There’s a lot of them lined up in the conga line,” said Marilyn Cohen, CEO of Envision Capital Management. Up next could be the city of Atwater, where civic leaders will vote Wednesday night on declaring […]
Britain: National ‘Virtual ID Card’ Scheme
October 4th, 2012Via: Independent: The Government will announce details this month of a controversial national identity scheme which will allow people to use their mobile phones and social media profiles as official identification documents for accessing public services. People wishing to apply for services ranging from tax credits to fishing licences and passports will be asked to […]
‘So, who does gain from the drugs trade?’
October 3rd, 2012The private prison scam is a key component of this as well. Via: Al Jazeera: Clearly a small number of criminals make significant sums from the trade. But most people are working for little more than subsistence wages, from the peasants growing coca plants in the Andes or opium poppies in Afghanistan to the dealers […]
