Archive for the 'Economy' Category
Financial Giants Put New York City Cops On Their Payroll
October 12th, 2011Via: CounterPunch: If you’re a Wall Street behemoth, there are endless opportunities to privatize profits and socialize losses beyond collecting trillions of dollars in bailouts from taxpayers. One of the ingenious methods that has remained below the public’s radar was started by the Rudy Giuliani administration in New York City in 1998. It’s called the […]
Afghan Opium Production Rises by 61% Compared with 2010
October 11th, 2011Via: BBC: Opium production in Afghanistan rose by 61% this year compared with 2010, according to a UN report. The increase has been attributed to rising opium prices that have driven farmers to expand cultivation of the illicit opium poppy by 7% in 2011. Last year opium production halved largely due to a plant infection […]
With Ongoing Nuclear Disaster Hurting Tourism, Japan Will Offer 10,000 Foreigners Free Airfares to Visit the Country
October 11th, 2011Via: Telegraph: The Japan Tourism Agency plans to ask would-be travellers to submit online applications for the free flights, detailing which areas of the country they would like to visit, the Yomiuri Shimbun newspaper said. The agency will select the successful entrants and ask them to write a report about their trip which will be […]
German Push for Greek Default Risks EMU-Wide Snowball
October 11th, 2011Must read: Germany Must Hit the Eject Button. Via: Telegraph: Germany is pushing behind the scenes for a “hard” default in Greece with losses of up to 60pc for banks and pension funds, risking a chain-reaction across southern Europe unless credible defences are established first.
Millions Could Lose Unemployment Benefits in 2012
October 11th, 2011Via: CNN: Millions of unemployed Americans are waiting for Congress to do something other than trade barbs over their job creation plans. If lawmakers don’t act soon, the jobless see their unemployment checks start to disappear come January. More than 6 million Americans are set to lose federal unemployment benefits in 2012, with 1.8 million […]
Japan: Plutonium Discovered 28 Miles from Damaged Fukushima Nuclear Plant
October 11th, 2011Via: Wall Street Journal: Trace amounts of plutonium were found as far as 28 miles from the damaged Fukushima Daiichi nuclear-power plant, the first time that the dangerous element released from the accident was found outside of the immediate area of the plant. The science ministry report issued Friday comes just as the government lifted […]
Rabobank: Meat Supply’s ‘Precipitous’ Drop to Spur Prices to Records
October 10th, 2011Via: Bloomberg: U.S. meat and poultry production may drop as much as 5 percent next year, sending beef and pork prices to a record amid climbing feed costs and shrinking herds, according to Rabobank International. Producers are curbing output as tighter feed supplies boost costs, which will lead to a “precipitous fall” in available meat […]
Dozens of Fast and Furious Weapons Found in Mexico Cartel Enforcer’s Home
October 9th, 2011Via: Los Angeles Times: High-powered assault weapons illegally purchased under the ATF’s Fast and Furious program in Phoenix ended up in a home belonging to the purported top Sinaloa cartel enforcer in Ciudad Juarez, Mexico, whose organization was terrorizing that city with the worst violence in the Mexican drug wars. In all, 100 assault weapons […]
‘Steve Jobs, The Pioneer Of The Computer As A Jail’
October 8th, 2011Via: Stallman: Steve Jobs, the pioneer of the computer as a jail made cool, designed to sever fools from their freedom, has died. As Chicago Mayor Harold Washington said of the corrupt former Mayor Daley, “I’m not glad he’s dead, but I’m glad he’s gone.” Nobody deserves to have to die – not Jobs, not […]
Finland: 79 Children Will Require Lifetime Medical Care After Receiving Swine Flu Vaccine
October 7th, 2011Via: AFP: The Finnish government and major insurance companies announced Wednesday they will pay for lifetime medical care for children diagnosed with narcolepsy after receiving the swine flu vaccine. “The compensation will provide much-needed financial assistance for the families, although it cannot take away the emotional distress caused by this condition,” Social Services and Health […]
