Archive for the 'Economy' Category
F-35 Joint Strike Fighter: Trillion Dollar Boondoggle
December 14th, 2011Via: Wired: The most expensive weapons program in U.S. history is about to get a lot pricier. The F-35 Joint Strike Fighter, meant to replace nearly every tactical warplane in the Air Force, Navy and Marine Corps, was already expected to cost $1 trillion dollars for development, production and maintenance over the next 50 years. […]
Patent for Amazon Big Brother Tracking System That Tries to Guess Where You’re Going
December 14th, 2011We must assume that They are using the full spectrum of surveillance information to try to PREDICT HOW EACH OF US IS LIKELY TO BEHAVE ON A DAY TO DAY BASIS. Where we go. Which routes we take. What we buy. Etc. —Synthetic Environments for Analysis and Simulation Via: CBS: Location tracking has become a […]
Real Estate Market Worse Than Reported: Sales Figures Since 2007 Are Bogus Due to “Double Counting”
December 14th, 2011Via: Reuters: Data on sales of previously owned homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought. The National Association of Realtors said a benchmarking exercise had revealed that some properties were listed more than once and in […]
Disclosure: Long DBA
December 14th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. I’m long DBA.
U.S. Dollar Index: Breakout
December 14th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. The dollar has clawed its way up and out of the recent range on the European chaos. Look for some resistance in the vicinity of 81.444. Update: Gold Breakdown The spot gold weekly candle is down through the 50EMA just now. […]
Austrian Makes Formal Request for All Personal Information Facebook Keeps on Him
December 14th, 2011Via: ThreatPost: Be careful of what you ask for. That’s a lesson that Max Schrems of Vienna, Austria, learned the hard way when he sent a formal request to Facebook citing European law and asking for a copy of every piece of personal information that the world’s largest social network had collected on him. After […]
The Neil Keenan / “Dragon Family” Trillion-Dollar Lawsuit Is Real
December 14th, 2011The full text of the lawsuit (Case 1:11-cv-08500-JFK, Filed 11/23/11, downloaded from pacer.gov) has been posted at the Divine Cosmos website: This is a civil claim arising out of the concerted, knowing, malicious scheme and international conspiracy engaged in by the Defendants for the designed purpose of defrauding plaintiff KEENAN, the designated Agent of his […]
Butter Shortage in Norway: Bids to Roughly $465 Per Pound
December 12th, 2011Via: AFP: An acute butter shortage in Norway, one of the world’s richest countries, has left people worrying how to bake their Christmas goodies with store shelves emptied and prices through the roof. The shortfall, expected to last into January, amounts to between 500 and 1,000 tonnes, said Tine, Norway’s main dairy company, while online […]
Internet Piracy Bill: A Free Speech ‘Kill Switch’
December 12th, 2011Via: The Hill: What began as an attempt to restrain foreign piracy on the Internet has morphed into a domestic “kill switch” on First Amendment freedom in the fastest-growing corner of the marketplace of ideas. Proposed federal legislation purporting to protect online intellectual property would also impose sweeping new government mandates on internet service providers […]
Iran to Practice Ability to Close Strait of Hormuz [???]
December 12th, 2011Via: Reuters: A member of the Iranian parliament’s National Security Committee said on Monday that the military was set to practise its ability to close the Gulf to shipping at the narrow Strait of Hormuz, the most important oil transit channel in the world, but there was no official confirmation. The legislator, Parviz Sarvari, told […]
