Archive for the 'Economy' Category
New National Debt Data: It’s Growing About $3 Million a Minute
August 23rd, 2011Via: Los Angeles Times: Swallow all liquids in your mouth before reading any further. Updated numbers for the national debt are just out: It’s now $14,639,000,000,000. When Barack Obama took the oath of office twice on Jan. 20, 2009, CBS’ amazing number cruncher Mark Knoller reports, the national debt was $10,626,000,000,000. That means the debt […]
Blankfein Lawyers Up
August 23rd, 2011Luxury residence overlooking Central Park: $26 Million U.S. Taxpayer Bailout of Goldman Sachs: $10 Billion Criminal Defense Team Used by the Worst Corporate Scumbags: Priceless. (Or maybe just expensive, given the track record.) Via: Daily Beast: On Monday, Goldman shares took a 6 percent beating during final and extended trading hours on the announcement that […]
Washington DC Martin Luther King Memorial Made in China
August 23rd, 2011Via: Telegraph: The 30ft-tall statue, which forms the centrepiece of a $120 million (£73 million), four-acre memorial to Dr King, opened to the public on Monday on the National Mall in Washington. It is the only memorial on the Mall that does not honour a president or fallen soldiers. Standing in the shadow of the […]
Gold Clears $1900
August 22nd, 2011Fresh record high: $1912.02. I’ll just mention gold at hundred dollar levels now, or if I happen to notice something technically significant.
Large Zone Around Damaged Fukushima Nuclear Plant Will Be Declared Uninhabitable for Decades
August 22nd, 2011Via: New York Times: Broad areas around the stricken Fukushima Daiichi nuclear plant could soon be declared uninhabitable, perhaps for decades, after a government survey found radioactive contamination that far exceeded safe levels, several major media outlets said Monday. The formal announcement, expected from the government in coming days, would be the first official recognition […]
Japanese Researchers Trying to Find Rice Varieties that Absorb Less Cesium from the Soil
August 22nd, 2011Grim. Via: Kyodo: A research agency in Fukushima Prefecture recently began examining some 110 varieties of rice from in and outside Japan in search for strains that absorb less radioactive cesium from soil. The project, which the Fukushima Agricultural Technology Center initiated in the wake of the nuclear disaster at the Fukushima Daiichi power plant, […]
Social Security Disability Fund Swamped by Requests for Benefits; ‘It’s Primarily Economic Desperation’
August 22nd, 2011Broke, desperate, sick people flooding the government for requests for benefits…. Man, sounds like Recovery Double Plus Good and another reason for Obombya to go golfing. Via: AP: Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency. Applications are […]
Wall Street Aristocracy Got $1.2 Trillion in Secret Fed Loans
August 22nd, 2011Via: Bloomberg: Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits. By 2008, the housing market’s collapse forced those companies to take more than […]
The Network of Global Corporate Control
August 22nd, 2011In Fiat Currency Hell, people who have managed to accumulate savings have to become speculators in an attempt to preserve what will otherwise be taken away from them through inflation. They will often hand their savings over to companies that will attempt to do this for them. So, below, here’s a paper that includes a […]
Monsanto and the Mortal Danger to Traditional Agriculture
August 21st, 2011Via: Axis of Logic: The greatest threat to the future of food production in the world is the introduction of genetically engineered foods from the bio-tech industry. Contrary to their mendacious propagandized promises of solving the problem of world hunger through the so-called second green revolution, the bio-tech companies are instead in the process of […]
