Archive for the 'Economy' Category
‘New Democracy’ Pro Bailout Party Wins Greek Election
June 17th, 2012See the Greek Interior Ministry website for the latest election results. Update Via: BBC: With 40% of the vote counted, New Democracy has 30.45%, Syriza – 26.04%, Pasok – 12.85%. —End Update— Via: BBC Liveblog: Greece: Official Projection of Result: New Democracy – 29.5%, Syriza – 27.1%. That is from the Greek interior ministry, quoted […]
Living Large in a Tiny House
June 17th, 2012Via: Yahoo Finance: Imagine living in a space that measures a mere 168 square feet, more than 14 times smaller than the average American home. That’s the reality for one family of four who, for the past year, has been living in their “Tiny House” tucked away in the rural mountains of Virginia. It’s here, […]
Financial Firms Ready ‘Special Teams’
June 16th, 2012Via: New York Times: The banks are on high alert. Hundreds of employees at big firms, some part of special teams, will be on standby this Sunday, awaiting the results of Greece’s pivotal election. They are preparing for the worst case. The fear is that the vote will heighten the chances of Greece exiting the […]
Chinese Buy London Metal Exchange in £1.4bn Takeover
June 16th, 2012Via: Independent: One of Britain’s last great independent financial markets has agreed to sell itself to China. The 137-year-old London Metal Exchange has agreed a £1.4bn takeover from Hong Kong Exchanges and Clearing (HKEx) after a nine-month auction process which saw bids from InterContinental Exchange, CME Group and NYSE Nasdaq. The deal will mean massive […]
Saudi, Japan Deals Drive Record U.S. Arms Sales
June 16th, 2012Via: AFP: Boosted by massive fighter jet deals with Saudi Arabia and Japan, US foreign military sales have shot past $50 billion in a record-breaking year, a senior US official said Thursday. Andrew Shapiro, assistant secretary of state for political-military affairs, underlined that the United States also hopes to boost sales with India, which is […]
Several Pentagon Contractors Recruiting for Offensive Cyberwarfare Jobs
June 16th, 2012Via: Forbes: Over the past few months, Hypponen has been periodically visiting the “careers” section of defense contractors’ websites and online job listings, particularly those targeted at candidates with secret clearances, and searching for words like “exploit,” “offensive,” and “vulnerability.” And the positions he’s been seeing show a new recruiting focus–or newly explicit focus–among the […]
Moody’s Cuts 11 European Banks’ Ratings
June 15th, 2012Via: Reuters: Moody’s has cut the ratings of 11 European banks and said it would cut again if Greece ditched the euro, kicking off a long-awaited round of downgrades for major European institutions. Moody’s Investors Service said on Friday it had taken action against five Dutch banking groups, three French banks and one each from […]
Central Banks Locked and Loaded
June 15th, 2012Warning: This is not a recommendation to buy, sell or hold any financial instrument. People are emailing me about other sites that are going full freakout with advice to empty bank accounts and activate doomsteads, etc. and why am I not freaking out, running for the hills, etc. Ok, first of all, I “ran for […]
Apple’s Siri to Ride Shotgun in Cars From Nine Major Auto Manufacturers
June 14th, 2012Via: Gizmag: As part of its keynote speech on the opening day of this year’s WWDC, Apple mentioned that Siri will be featured in vehicles from no less than nine major global automakers. Not only will Siri be making her much anticipated iPad debut, but she’ll also be joining you on your daily commute. Apple […]
What Facebook Knows
June 14th, 2012Via: MIT / Technology Review: If Facebook were a country, a conceit that founder Mark Zuckerberg has entertained in public, its 900 million members would make it the third largest in the world. It would far outstrip any regime past or present in how intimately it records the lives of its citizens. Private conversations, family […]
