Archive for the 'Economy' Category
QE3?
January 13th, 2012Via: CNBC: Federal Reserve officials are seriously considering giving the US economy—and especially the housing market—an added jolt with more quantitative easing.
U.S. Debt Limit Will Increase by $1.2 Trillion
January 12th, 2012Via: Washington Post: President Obama formally notified Congress on Thursday of his intent to raise the nation’s debt ceiling by $1.2 trillion, two weeks after he had postponed the request to give lawmakers more time to consider the action. Congress will have had 15 days to say no before the nation’s debt ceiling automatically is […]
MF Global: Account Holders Sue Jon Corzine Over Missing Millions
January 11th, 2012Via: ABC: Montana farmers have filed a class action suit against former New Jersey governor Jon Corzine, charging that the failed financial firm run by Corzine stole millions from their accounts to pay off its spiraling debts, and that Corzine’s “single-minded obsession” with making MF Global a big player on Wall Street led to the […]
Lehman Still Doing Deals in a Second Life on Wall Street
January 11th, 2012Via: New York Times: Things that refuse to die include Dracula, fungus, Jason from the “Friday the 13th” movies, zombies — and Lehman Brothers. You would probably like to forget Lehman in the wake of its collapse in 2008, an event that set off a near Armageddon in the financial world. Lehman filed for bankruptcy […]
Mass Suicide Threats at Foxconn Xbox 360 Plant
January 11th, 2012Foxconn has a plan to deal with these pesky meatsacks, and I don’t mean suicide prevention nets. Foxconn Wants to Build “Intelligent Robotics Kingdom” to Replace Human Workers with Robots Foxconn: 1 Million Robots in 3 Years Via: Kotaku: On Jan. 2, over 300 employees at a Foxconn plant in Wuhan, China threatened to throw […]
More of Greek’s Poor Abandoning Their Children
January 10th, 2012Via: BBC: Greece’s financial crisis has made some families so desperate they are giving up the most precious thing of all – their children. One morning a few weeks before Christmas a kindergarten teacher in Athens found a note about one of her four-year-old pupils. “I will not be coming to pick up Anna today […]
Safety Premium: Germany Sells Six-Month Bonds at Negative Yields for First Time
January 10th, 2012Via: BBC: Investors are flocking to havens to store their cash, amid continuing worries about the eurozone debt crisis. Germany sold 3.9bn euros (£3.2bn) of six-month bonds at an average yield of -0.0122%, the first auction with a negative yield. That means investors are effectively willing to pay Germany for the privilege of lending to […]
Over Half of Germany’s Renewable Energy Owned By Citizens & Farmers, Not Utility Companies
January 10th, 2012Via: Treehugger: Germany’s promotion of renewable energy rightly gets singled out for its effectiveness, most often by me as an example of how to do things well versus the fits and starts method of promotion common in the US. Over at Wind-Works, Paul Gipe points out another interesting facet of the German renewable energy saga: […]
Arnold Gundersen: Fukushima Update
January 9th, 2012This is Dr. Helen Caldicott interviewing Arnold Gundersen. The audio is from Fairwinds Associates on December 26, 2011. Hint: This is very grim. Related: Dr. Helen Caldicott
West Readies Oil Plan in Case of Iran Crisis
January 9th, 2012Via: Reuters: Western powers this week readied a contingency plan to tap a record volume from emergency stockpiles to replace nearly all the Gulf oil that would be lost if Iran blocks the Strait of Hormuz, industry sources and diplomats told Reuters. They said senior executives of the International Energy Agency (IEA), which advises 28 […]
