Archive for the 'Economy' Category
Fukushima Residents’ Urine Now Radioactive
November 4th, 2011Via: Japan Times / Kyodo: More than 3 millisieverts of radiation has been measured in the urine of 15 Fukushima residents of the village of Iitate and the town of Kawamata, confirming internal radiation exposure, it was learned Sunday. Both are about 30 to 40 km from the Fukushima No. 1 power plant, which has […]
Greek PM Scraps Bailout Referendum
November 3rd, 2011Via: MSNBC: Two officials close to the Greek prime minister say he has scrapped his plan to hold a referendum on the latest European debt deal for Greece after the main opposition leader said he would back it. The two officials said George Papandreou made the comments during an emergency Cabinet meeting Thursday. One also […]
Big Picture Gallery: Thailand Flood Reaches Bangkok
November 3rd, 2011Via: Boston Globe: Flood waters inundating Thailand north of Bangkok since July have made the journey south and reached the capital. The disaster is responsible for 400 deaths in Thailand and neighboring Cambodia and Vietnam. Thailand is the world’s biggest rice exporter, but the floods have wiped out over a quarter of the country’s crop. […]
System D: The Shadow Superpower
November 3rd, 2011Via: Foreign Policy: Forget China: the $10 trillion global black market is the world’s fastest growing economy — and its future. … You probably have never heard of System D. Neither had I until I started visiting street markets and unlicensed bazaars around the globe. System D is a slang phrase pirated from French-speaking Africa […]
Scale Of MF Global Bankruptcy Remains To Be Seen
November 3rd, 2011Via: AgWeb: How deep this goes and the pending ripple effect to farm country, are still unknown. MF Global is a major clearing house for many agriculture traders and brokerage firms, and that could have severe effects on farmers who are actively trading.
GlaxoSmithKline Will Pay $3 Billion to Resolve U.S. Criminal and Civil Investigations
November 3rd, 2011Via: Bloomberg: GlaxoSmithKline Plc (GSK) agreed to pay $3 billion to resolve U.S. criminal and civil investigations into whether the U.K. company marketed drugs for unapproved uses and other matters, its biggest legal settlement. Negotiations over the terms are ongoing and will be completed next year, the London-based company said in a statement today. The […]
Fresh Record High for U.S. Food-Stamp Use; 45.8 Million
November 2nd, 2011Via: Bloomberg: The number of Americans receiving food stamps reached a record 45.8 million in August, the government said. … The number of Americans receiving food stamps under the Supplemental Nutrition Assistance Program has set records every month but one since December 2008.
GREEK MILITARY CHIEFS REPLACED
November 2nd, 2011Via: Telegraph: As Greek poltics grew ever more chaotic strong political protests erupted as the government moved to replace military chiefs with officers seen as more supportive of George Papandreou, the prime minister. In a surprise development, Panos Beglitis, Defence Minister, a close confidante of Mr Papandreou, summoned the chiefs of the army, navy and […]
Markets Dive on Greek Referendum
November 1st, 2011Via: BBC: US and European markets have fallen following Monday’s announcement of a Greek referendum on the latest aid package to solve its debt crisis. Eurozone leaders agreed a 50% debt write-off for Greece last week as well as strengthening Europe’s bailout fund. But the Greek move has cast doubt on whether the deal can […]
Will Be Monitoring Stock Market Sell Off
November 1st, 2011S&P500 futures are down 3% premarket. The dollar is ramping higher. FTSE 100 -3.67 DAX -6% CAC 40 -5.18 Buckle up.
