Archive for the 'Economy' Category
California: ‘Friends and neighbors talk incessantly about where they are planning to move in pursuit of a lower cost of living and better economic opportunities.’
May 17th, 2012Via: Bloomberg: California is at the top of “most hated” states, according to a recent national poll. It’s easy to see why a lot of Californians themselves agree with this assessment, after Governor Jerry Brown’s latest scary description of the deepening hole the state is in. The state’s budget deficit has grown to $15.7 billion […]
High-Fructose Corn Syrup Can Make You Dumb, U.S. Scientists Warn
May 16th, 2012Via: AFP: Eating too much sugar can eat away at your brainpower, according to US scientists who published a study Tuesday showing how a steady diet of high-fructose corn syrup sapped lab rats’ memories. Researchers at the University of California Los Angeles (UCLA) fed two groups of rats a solution containing high-fructose corn syrup — […]
Coke Reveals Its Secret: It May Need to Carry a Cancer Warning
May 16th, 2012Via: Independent: Nightmares about the backlash they suffered the last time they dared to change the secret recipe for their drink still most likely haunt Coca-Cola executives. But 27 years after the ill-fated launch of New Coke, the threat of having a cancer warning placed on their famous red bottles is forcing them to revise […]
Accidentally Released Documents Show How Goldman et al Engaged in ‘Naked Short Selling’
May 16th, 2012Via: Rolling Stone: It doesn’t happen often, but sometimes God smiles on us. Last week, he smiled on investigative reporters everywhere, when the lawyers for Goldman, Sachs slipped on one whopper of a legal banana peel, inadvertently delivering some of the bank’s darker secrets into the hands of the public. The lawyers for Goldman and […]
Greece: Concern About Bank Runs
May 16th, 2012Via: Bloomberg: Greek President Karolos Papoulias was told by the central bank chief this week that financial institutions are becoming anxious about their prospects as Greeks pull out cash after the inconclusive May 6 elections. Central bank head George Provopoulos told Papoulias that Greeks have withdrawn as much as 700 million euros ($891 million) and […]
Greece to Hold New Elections After Talks to Form Government Fail
May 15th, 2012Via: National Post / Reuters: Greece will hold a new election after politicians failed to form a government on Tuesday, nine days following an inconclusive vote, prolonging a political crisis that pushes it closer to bankruptcy and exit from the euro. After a third day of failed talks with political leaders, a spokesman for President […]
Moody’s Downgrades Italian Banks, Outlook Negative
May 15th, 2012Via: Reuters: Moody’s Investors Service downgraded the long-term debt and deposit ratings for 26 Italian banks on Monday, citing the country’s recession and rising bad debt levels. The banks were all downgraded by at least one notch, and for some, by as many as four notches, Moody’s said, adding all of the banks affected have […]
NBC: Revolution
May 15th, 2012Via: YouTube: Semi-Related: The E-bomb: Defence Secretary Warns Of EMP Weapons Threat
Canon: Fully Automated Digital Camera Manufacturing by 2015
May 15th, 2012Via: AP: Canon Inc. is moving toward fully automating digital camera production in an effort to cut costs — a key change being played out across Japan, a world leader in robotics. If successful, counting on machines can help preserve this nation’s technological power — not the stereotype of machines snatching assembly line jobs from […]
Kodak Park Had a Nuclear Reactor
May 14th, 2012Via: Democrat and Chronicle: For more than 30 years, Kodak Park was home to a little-known underground labyrinth containing a small nuclear research reactor, one of the few of its kind in the world. It wasn’t a power plant, and carried no risk of explosion. Nothing ever leaked. Eastman Kodak Co. officials say the research […]
