Archive for the 'Economy' Category
Stockton to File for Bankruptcy, Will be Largest U.S. City to Fail
June 27th, 2012Via: Los Angeles Times: This Gold Rush-era port city, an epicenter of California’s agricultural exports, will become the nation’s largest city to seek protection under the U.S. bankruptcy code after its City Council on Tuesday stopped bond payments, slashed employee health and retirement benefits and adopted a day-to-day survival budget. City Manager Bob Deis likened […]
China Downplays Risk to Children from Lead Poisoning
June 27th, 2012Via: Reuters: Chinese children suffering lead poisoning from polluting smelters and factories have been denied testing, effective treatment and even basic information by officials who downplayed health threats, a human rights advocacy group said on Wednesday. The report from Human Rights Watch comes after China’s latest lead pollution outbreak, when 103 children and scores of […]
Louisiana: Creationists Get Public School Vouchers
June 27th, 2012I’m seeing a lot of outrage about this, but I actually don’t think it’s any worse than the sludge that’s pumped into the minds of children who are subjected to regular public school. The nuts are running the nuthouses in both camps, if you ask me. Via: Washington Post: This would be funny if it […]
U.S. Supreme Court Nixes State’s Ban on Corporate Campaign Spending
June 27th, 2012Via: Missoulian: The U.S. Supreme Court, in a 5-4 decision Monday, summarily reversed a Montana Supreme Court ruling and struck down the state’s century-old ban on corporate donations to political candidates. The ruling opens the door for corporations and unions to spend directly from their treasury on advertising and other independent expenditures promoting or opposing […]
Injection Wells: The Poison Beneath Us
June 26th, 2012Via: Pro Publica: Over the past several decades, U.S. industries have injected more than 30 trillion gallons of toxic liquid deep into the earth, using broad expanses of the nation’s geology as an invisible dumping ground. No company would be allowed to pour such dangerous chemicals into the rivers or onto the soil. But until […]
Mexico City Airport Shooting Suspects Are Police
June 26th, 2012Via: MSNBC: Three policemen died in a shootout with two other officers suspected of drug trafficking at Mexico City’s airport on Monday, as panicked travelers scrambled for cover in the busy facility. The shootout occurred when three federal officers approached the two suspects in the airport’s Terminal 2, which handles international and domestic flights. Two […]
The American War Racket
June 26th, 2012Via: Daily Reckoning: Our president is a portrait of failure and homicide… According to The New York Times he personally approves the list of unfortunates his drones will assassinate. And for what? Philip Giraldi does the “Terrorism Arithmetic”: Only three American citizens were kidnapped by overseas terrorists in 2011 (in Somalia, Afghanistan, and Iraq, all […]
CNBC: We’re All Slaves to Central Banks
June 26th, 2012Via: CNBC Reposted on YouTube:
Spain Requests Bailout
June 25th, 2012Via: Reuters: Spain formally requested euro zone rescue loans on Monday to recapitalize banks that are laden with bad debts as the euro and shares fell due to investors’ skepticism that a European Union summit this week will act decisively on the bloc’s debt crisis. Spanish Economy Minister Luis de Guindos asked for up to […]
RBS Still Facing Crisis After ‘Software Upgrade’
June 25th, 2012Via: Guardian: Royal Bank of Scotland is facing calls to make payments as soon as possible to customers affected by its long-running computer crisis, as it admitted NatWest branches would again be opened for extended hours on Monday. The bank, whose NatWest, Royal Bank of Scotland and Ulster branches have all been hit by the […]
