Archive for the 'Economy' Category
Unpaid Student Loans Top $1 Trillion
October 20th, 2011This whole student loan apocalypse is another confetti currency bubble scam. There are many parallels to the housing bubble, except, of course, that people can’t live inside those useless degrees obtained with borrowed money that can never be repaid. The availability of the loans is driving ludicrous tuition increases, just like the funny money mortgages […]
Japanese Communities Record Chernobyl-Level Radiation
October 20th, 2011Some of the Geiger counters shown in the video max out. Via: ABC Lateline: Seven months on from Japan’s nuclear meltdown, thousands of people are still unable to return to their homes around the Fukushima nuclear power plant. And for many of them, the terrible realisation is sinking in that they may never go back. […]
‘Rise of the Machines: America’s Jobs Challenge’
October 20th, 2011Via: Reuters: For decades, American workers and their machines advanced in tandem. As companies invested in technology, more workers were needed to operate machines. That relationship is now looking unsteady. Since 1999, business investment in equipment and software has surged 33 percent while the total number of people employed by private firms has changed little. […]
MTV Real World Casting Call for Occupy Wall Street Protestors
October 20th, 2011An individual in a crowd is a grain of sand amid other grains of sand, which the wind stirs up at will. —Gustave Le Bon, The Crowd: A Study of the Popular Mind So, Obombya, the Goldman Sachs’ shill, and MTV are now behind this Occupy Wall Street situation. [Update: Mikhail Gorbachev: Protests leading to […]
A Long, Steep Drop for Americans’ Standard of Living
October 20th, 2011Via: Christian Science Monitor: Think life is not as good as it used to be, at least in terms of your wallet? You’d be right about that. The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government began recording it […]
Egypt’s Top ‘Facebook Revolutionary’ Now Advising Occupy Wall Street
October 19th, 2011Via: Wired: One of the key activists behind Egypt’s “Facebook Revolution” is now giving advice to a new group of protesters: the Occupy Wall Street movement. The protesters in New York’s Zuccotti Park — and their offshoots around the country — often cite the mass demonstrations earlier this year in Cairo’s Tahrir Square as their […]
Federal Reserve Now Backstopping $75 Trillion Of Bank Of America’s Derivatives Trades
October 19th, 2011Via: Daily Bail: This story from Bloomberg just hit the wires this morning. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. This means that the investment bank’s European derivatives exposure is now backstopped […]
Facebook Accused of Violating U.S. Wiretap Law
October 17th, 2011I know. You get it re: Facebook already. Ok, one more: Why Facebook Is After Your Kids. Via: Register: A Mississippi woman has accused Facebook of violating federal wiretap statutes by tracking her internet browsing history even when she wasn’t logged onto the social networking site. In a lawsuit filed on Wednesday in federal court […]
Verizon Wireless Now Handing Over Your Web, Location and App Data to Advertisers by Default
October 17th, 2011Via: PC Magazine: For the last month, Verizon Wireless has been notifying customers through email of a major change to its default privacy setting: it will begin collecting your Web browsing history, cell phone location and app usage, for third-party marketing purposes. You can opt out of such surveillance, although Verizon has promised not to […]
Meet the Guy Who Snitched on Occupy Wall Street to the FBI and NYPD
October 16th, 2011My guess is that we would all be taken aback if we could know the complete list of agencies working that thing. Via: Gawker: The Occupy Wall Street protests have been going on for a month. And it seems the FBI and NYPD have had help tracking protesters’ moves thanks to a conservative computer security […]
