Archive for the 'Economy' Category
School Districts Taking More Corporate Advertising
June 4th, 2012This USA Today piece contains easily the most ridiculous lie I’ve read in a long time. “The public isn’t paying for public education anymore.” Oh really? This infographic is from USC: U.S. Education Spending and Performance vs. The World: Via: MAT@USC | Master’s of Arts in Teaching Americans are paying more money for public education […]
Increasing Use of Robots in China’s Factories
June 4th, 2012Via: Reuters: The giant orange robotic arms that swiftly weld together car frames at the Great Wall Motors factory in Baoding might seem like the perfect answer to China’s fast-rising labor costs – they don’t ask for a raise, get injured or go on strike. For Great Wall, a private sector Chinese car maker that […]
Banks Pressured to Buy Government Debt
June 1st, 2012Remember this? In 2011, the Federal Reserve Purchased a Stunning 61% of U.S. Debt: The recently released Federal Reserve Flow of Funds report for all of 2011 reveals that Federal Reserve purchases of Treasury debt mask reduced demand for U.S. sovereign obligations. Last year the Fed purchased a stunning 61% of the total net Treasury […]
Money Flies Out of Spain
May 31st, 2012Via: Reuters: Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut. Spain is the next country in the firing line of the euro zone’s debt crisis, with spendthrift regions and shaky […]
‘The Last Days of Cash’
May 31st, 2012IEEE: A Special Report on the Future of Money – The Last Days of Cash – How E-Money Technology is Plugging Us into the Digital Economy
Paleo Diet Blogger vs. North Carolina
May 31st, 2012Via: Institute for Justice: Can the government throw you in jail for offering advice on the Internet about what food people should buy at the grocery store? That is exactly the claim made by the North Carolina Board of Dietetics/Nutrition. In December 2011, diabetic blogger Steve Cooksey started a Dear Abby-style advice column on his […]
Alabama: More Than 20,000 People Applied for 877 Job Openings at Automobile Factory
May 31st, 2012Via: CNBC: It should not come as a surprise with unemployment over 8% that good paying jobs in manufacturing are harder than ever to land. At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings.
Spain’s Former Prime Minister: ‘We’re In a Situation of Total Emergency’
May 31st, 2012Via: Telegraph: Spain is in a state of ‘total emergency’, the country’s former prime minister has warned, with Madrid facing punitive borrowing costs and the prospect of needing a Greek-style bail-out. Felipe González, the country’s elder statesman, said: “We’re in a situation of total emergency, the worst crisis we have ever lived through.” Global financial […]
Rothschild’s RIT Capital Partners Buys 37% of Rockefeller Financial Services, Inc.
May 30th, 2012Via: Reuters: Two of the most glamorous names in global finance are linking up, with the Rothschild banking dynasty agreeing to buy a stake in the Rockefeller group’s wealth and asset management business to get a long-sought foothold in the United States. Rothschild’s London-listed RIT Capital Partners (RCP.L) said on Wednesday it was buying the […]
Japan: Mobile Phone with Geiger Counter
May 30th, 2012I’m surprised that it took so long to appear. Via: Wired: Following Fukushima’s nuclear disaster, Japanese citizens have been especially wary of radiation exposure. SoftBank on Tuesday revealed a new smartphone to answer such concerns. The company’s Pantone 5 107SH is the world’s first phone with a built-in geiger counter, capable of measuring radiation levels […]
