Archive for the 'Economy' Category
50 Economic Numbers From 2011
December 19th, 2011Via: Economic Collapse Blog: #1 A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty. #2 Approximately 57 percent of all children in the United States are living in homes that are either considered to be “low income” or impoverished. #3 If the number of Americans […]
Former Mexican Govrnment Officials Work for U.S. Intelligence
December 19th, 2011Via: AFP: At least 80 former Mexican government officials are currently working as informants for US intelligence agencies, the daily La Jornada reported, citing senior Mexican officials. Most of them are gathering information for the US Drug Enforcement Agency, the prestigious daily reported. Senior officials in the attorney general’s office and the interior ministry said […]
Homeland Security: Paying with Cash?:
December 19th, 2011Via: YouTube:
Google Wallet Stores Some Payment Card Data In Plain Text
December 17th, 2011Via: Dark Reading: Google’s much-anticipated mobile payment application locally stores some sensitive user information unencrypted, such as a cardholder’s name, transaction dates, email address, and account balance, new research released today reveals. Researchers from viaForensics tested the security of Google Wallet — which lets consumers transact credit-card charges, redeem gift cards, and use loyalty membership […]
UMG Claims “Right to Block or Remove” YouTube Videos it Doesn’t Own
December 17th, 2011Via: Ars Technica: Universal Music Group has responded to Megaupload’s request for a temporary restraining order barring the music giant from further interference with the distribution of its “Mega Song.” UMG insists that it had a right to take down the video—not under the Digital Millennium Copyright Act, as Megaupload had assumed, but under a […]
SEC Charges Ex-Fannie, Freddie CEOs with Fraud
December 17th, 2011Ya think? Via: AP: Two former CEOs at mortgage giants Fannie Mae and Freddie Mac on Friday became the highest-profile individuals to be charged in connection with the 2008 financial crisis. In a lawsuit filed in New York, the Securities and Exchange Commission brought civil fraud charges against six former executives at the two firms, […]
Six Waltons Have More Wealth Than the Bottom 30% of Americans
December 15th, 2011Via: Bloomberg: The brand-new Crystal Bridges Museum of American Art in the small northwest Arkansas city of Bentonville is the creation of Alice Walton, the daughter of the late Sam Walton, who founded Wal-Mart Stores Inc. (WMT), the largest retailer in the world. Alice Walton, who is worth about $21 billion, has achieved her dream […]
Half of Americans Poor or Near Poor
December 15th, 2011Via: CBS: Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income. The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net frays. The […]
9/11: A Conspiracy Theory
December 15th, 2011Via: The Corbett Report:
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. […]
