Archive for the 'Economy' Category
Las Cruces Threatens to Cut Off Utilities for Residents with Unpaid Red-Light Camera Tickets
May 8th, 2012How long until this is linked to other databases? Unpaid property taxes, unlicensed pets, overdue library books, or who knows what else??? —Britain: CCTV at Petrol Stations Will Prevent Uninsured Cars from Being Fueled Via: ABC News: Residents of Las Cruces, New Mexico with outstanding red-light-camera traffic tickets are in danger of having their utilities […]
U.S. Companies Selling Drones to Undisclosed Foreign Governments
May 8th, 2012Via: The American Independent: A Texas-based defense contractor is selling drones overseas to foreign governments for use in combating narcotics trafficking and terrorism. Which countries are buying them and exactly how they are being used, however, is largely unknown. This uncertainty has led to calls from human rights activists for greater transparency and accountability for […]
France and Greece Want to Print the Confetti
May 8th, 2012I like the picture of Merkel in the story below. She’s doing a good *pffft* Via: Guardian: Europe’s 30-month effort to save the euro by slashing spending and debt levels risks turning into a crisis of political legitimacy after EU leaders’ strategies collided spectacularly with the wishes of voters in Greece and France. The impasse […]
JPMorgan Chase Whistleblower: ‘Essentially Suicide’ to Stand Up to Bank
May 8th, 2012Via: Huffington Post: When Linda Almonte alerted her boss at JPMorgan Chase about potential fraud in a major deal she was helping to close, she expected him to applaud her great catch. Instead, he fired her. “We went down fast,” said Almonte, 41, about her family. She had been making $100,000 a year as a […]
Americans: Too Broke to Go Bankrupt
May 7th, 2012Via: CNN: This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy. The average cost to file for Chapter 7 bankruptcy protection, the most common form of consumer bankruptcy, is more than $1,500, according to recent research submitted to the National Bureau of Economic Research. As a result, […]
‘Iceland Holds the World Record in Household Debt Relief’
May 7th, 2012This story has been circulating for weeks in the form of this Spanish language video clip. I was not able to find any confirmation of the story when it first appeared. I just tried to confirm it again and found this Bloomberg piece. Via: Bloomberg: Icelanders who pelted parliament with rocks in 2009 demanding their […]
Fascism Rises from the Depths of Greece’s Despair
May 6th, 2012Via: Independent: Entering its fourth year in recession, Greece now outstrips even Spain for youth unemployment with the new statistics published yesterday showing joblessness among the under-25s at 51.2 per cent. The headline unemployment rate is 21.7 per cent while the real rate is believed to be closer to 25 per cent. It’s in this […]
U.S. Department of Energy Claims ‘Unprecedented’ Success in Test for New Fuel Source
May 6th, 2012Via: MSNBC: Could the future of cleaner fossil fuel really be frozen crystals now trapped in ocean sediments and under permafrost? Backed by an oil industry giant, the Obama administration recently tested a drilling technique in Alaska’s Arctic that it says might eventually unlock “a vast, entirely untapped resource that holds enormous potential for U.S. […]
Beijing Is Planning to Avoid U.S. Financial Sanctions on Iran by Paying for Oil with Gold
May 6th, 2012Via: Forbes: So how can Beijing keep both Iran’s ayatollahs and President Obama happy at the same time? Simple, the Chinese can avoid the U.S. sanctions through barter. China has already been trading its produce for Iran’s petroleum, but there is only so much gai lan and bok choy the Iranians can eat. That’s why […]
More Americans Stashing Cash in Home Safes
May 4th, 2012My guess is that the chances of people being robbed by the police are much higher than the chances of being robbed by more traditional criminals. Remember: In the eyes of the police, cash is evidence of criminal activity. Via: Smart Money: One thing that isn’t driving the safe boom, apparently, is crime. Indeed, U.S. […]
