Archive for the 'Economy' Category
H.R. 4133: The United States-Israel Enhanced Security Cooperation Act of 2012
May 24th, 2012Via: Antiwar.com: Go to Google and type in “H.R. 4133.” You will discover that, apart from a handful of blogs and alternative news sites, not a single mainstream medium has reported the story of a congressional bill that might well have major impact on the conduct of United States foreign policy. H.R. 4133, the United […]
Former J.P. Morgan Lobbyist Manages Banking Committee Expected To Investigate J.P. Morgan’s Trading Loss
May 24th, 2012Via: Republic Report: The Senate Banking Committee is responding to outrage over the news that J.P. Morgan lost some $3 billion in customer money because of a risky trading strategy. The committee is preparing for two hearings with regulators, and Senator Tim Johnson (D-SD), chair of the committee, is hoping that Jamie Dimon will testify […]
Facebook Banks Said to Make $100 Million on ‘Stabilizing’ Stock
May 24th, 2012*chortle* Here’s one for your Invisible-Hand-with-Corporate-Logos file folder. Via: Bloomberg: Facebook Inc. (FB)’s underwriters for its initial public offering made gains of about $100 million through their work to stabilize the shares in public trading, said a person familiar with the matter. Related: Facebook IPO
DELL DOWN 17%
May 23rd, 2012Dell Inc. (DELL) 12.51 Down 2.57(17.04%) 10:49AM EDT Splat. Via: Reuters: Shares of Dell Inc (DELL.O) fell 15 percent on Wednesday after a weak revenue forecast and disappointing quarterly results triggered stock price target cuts by a slew of brokerages on the world’s No. 3 personal computer maker.
And Now… Software Will Allow a Single Professor to Deliver, ‘Meaningful Education to Hundreds of Thousands of Students at Once’
May 23rd, 2012In ten or twenty years, I wouldn’t be surprised to see the majority of paid work in companies, that is, work that isn’t done by machines, being done by these “certificate” holders. They’ll live in ever expanding slums, autonomously policed by RoboCops and drones. They’ll have fast Internet and there will be Superbowl commercials about […]
‘The Pentagon has a manual. Basically, it will only provide full cooperation to propaganda pieces.’
May 23rd, 2012Via: Vice: …the past few years have seen an explosion of high-profile cooperation between the armed forces and the movie industry. If the most powerful armed force in history isn’t winning in reality, it certainly is on the big screen. And like so many problematic aspects of late capitalism, the military-Hollywood complex has a grimly […]
More Facebook IPO Antics
May 23rd, 2012“There is often VERY strong voodoo at work…” —Facebook IPO I don’t want to bore people with too many posts about this, but the stories are getting pretty interesting for being only a few days out from the IPO. Here’s The Inside Story Of What Happened On The Facebook IPO: The analysts cut their estimates […]
Iraqi Military to Buy U.S. Drones to Monitor Oil Fields
May 22nd, 2012Via: The Hill: American military drones are returning to the skies above Iraq more than five months after U.S. troops withdrew from the country. But this time, the drones will be operated by members of the Iraqi navy and will provide overwatch for the country’s oil platforms off its southern coast, U.S. officials in Baghdad […]
Secret, Emergency European Central Bank Aid Props Up Greek Banks
May 22nd, 2012Via: Financial Times: There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100 billion or so of emergency liquidity provided by the country’s central bank — approved secretly by the European Central Bank in Frankfurt. If Greece were to leave […]
U.S. Lets China Bypass Wall Street Primary Dealers for Treasury Orders
May 22nd, 2012This is very interesting. Via: Reuters: China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship with a foreign government, according to documents viewed by Reuters. The relationship means the People’s Bank of China buys U.S. debt using a […]
