Archive for the 'Economy' Category
SpaceX Rocket Blasts Off for Space Station
May 22nd, 2012Via: AP: A commercial rocket blasted off early Tuesday with a load of supplies for the International Space Station, opening a new era of dollar-driven spaceflight. The SpaceX company made history as its Falcon 9 rocket rose from its seaside launch pad and pierced the pre-dawn sky, aiming for a rendezvous later this week with […]
Harvard Medical School Facing Trial Over Massive Alzheimer’s Disease Research Fraud
May 21st, 2012Via: Alliance for Human Research Protection: The US Court of Appeals, 1st Circuit overturned a summary judgement by a lower court ordering a whistleblower lawsuit filed by Dr. Kenneth Jones against Harvard Medical School, its teaching hospitals, Brigham and Women’s and Massachusetts General Hospital, and Dr. Marilyn Albert (Principal Investigator) and Dr. Ronald Killiany to […]
Student Loan Bubble Putting Hundreds of Colleges at Risk
May 21st, 2012Via: Business Insider: The size, scope, and impact of this problem is an enormous anchor weighing down our next generation and our nation’s economy. Make no mistake, this anchor is not only impacting thousands of students and families but is also having an equally burdensome impact on colleges and universities nationwide. … 1. Using this […]
Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: Low of Day Opening Minutes: $33.05 Man, bust out the calliope music for this one. —End Update— It looks like they’re trying to defend $35 now.
The Future of Sustainable Agriculture at Disney EPCOT: GMO and Styrofoam
May 21st, 2012Sponsors of “Living With The Land” at Disney EPCOT: Kraft: The Sierra Club has launched a campaign against genetically engineered foods. We’re targeting Kraft Foods, which is the largest packaged food producer in America. We’re asking Kraft to remove all genetically engineered products from their foods. This includes not using milk from rBGH-treated cows (the […]
JP Morgan Trade Losses Could Reach $5 Billion… Or More
May 21st, 2012Via: Business Insider: When JPMorgan first announced that its CIO office had blundered into a huge trading loss, the number was pegged at $2 billion, though the company said it could go higher. Then the loss was reported to be $3 billion. And now… $5 billion or more? From WSJ: The nation’s largest bank has […]
Robert Reich to New College Graduates: ‘You’re F*cked’
May 20th, 2012I’ve excerpted what I think are the key sentences. Via: Robert Reich: So much of what was once considered “knowledge work” – the kind that college graduates specialize in – can now be done more cheaply by software. Or by workers with college degrees in India or East Asia, linked up by Internet. Related: The […]
Ireland May Need Second Bailout
May 19th, 2012Via: Bloomberg: Ireland may be forced into a second bailout by mounting loan losses in its banking system, according to Deutsche Bank AG. Ireland’s bailed-out banks may need capital to cover as much as 4 billion euros ($5.1 billion) more bad-loan provisions than assumed in stress tests last year, Deutsche Bank analysts David Lock and […]
U.S. Military Provides Healthcare to Rural Alabama
May 19th, 2012Maybe they could get corporate sponsorship for attractive triage tents. “Brought to you by Brawndo – The Thirst Mutilator.” How about handing out pHoods that make people obese, give them high blood pressure and rot their teeth, along with the goody bags of drugs? You know, get your Pepsi, Poptarts and Plavix all at the […]
Facebook IPO
May 19th, 2012Warning: This is not a recommendation to buy, sell or hold any financial instrument. Some emails have been coming in about the Facebook IPO. I don’t ever trade IPOs. As a 100% technical trader, there’s nothing to go on with an IPO. The values associated with the IPO are arbitrary and there is often VERY […]
