Archive for the 'Economy' Category
Former Senior Analyst at Moody’s: Agency Rotten to Core with Conflicts, Corruption, and Greed
August 20th, 2011Via: Business Insider: A former senior analyst at Moody’s has gone public with his story of how one of the country’s most important rating agencies is corrupted to the core. The analyst, William J. Harrington, worked for Moody’s for 11 years, from 1999 until his resignation last year. From 2006 to 2010, Harrington was a […]
Bank of America to Cut 10,000 or More Jobs
August 19th, 2011Via: AP: Bank of America Corp. is cutting 3,500 employees this quarter and working on restructuring plans that will ax several thousand more jobs, The Wall Street Journal and The New York Times reported citing people familiar with the situation. The reports Friday said that the job cuts at the biggest U.S. bank by assets […]
Pre-Market: There’s Another Wreck Shaping Up for U.S. Stocks
August 19th, 2011Warning: This is not a recommendation to buy, sell of hold any financial instrument. Europe is red across the board again, and ESU11 is down about 2% right now. Gold continues to ramp higher, with the latest record high at $1877.88. I’ll be monitoring…
Solving the Mystery of WTC 7
August 19th, 2011Via: Architects & Engineers for 9/11 Truth:
Goldman Sachs VP Changed Name, Now a Top Congressional Staffer
August 19th, 2011Via: Think Progress: Has Rep. Darrell Issa (R-CA) turned the House Oversight Committee into a bank lobbying firm with the power to subpoena and pressure government regulators? ThinkProgress has found that a Goldman Sachs vice president changed his name, then later went to work for Issa to coordinate his effort to thwart regulations that affect […]
Fake Facebook Identity Used By Military Contractors Plotting To Hack Progressive Organizations
August 19th, 2011Via: ThinkProgress: Earlier this year, ThinkProgress obtained 75,000 private emails from the defense contractor HBGary Federal via the hacktivist group called Anonymous. The emails led to two shocking revelations. First, that an assortment of private military firms collectively called “Team Themis” had been tapped by Bank of America to conduct a cyber war against reporters […]
Stagflation Signs Surface in Bonds, Stocks, Gold
August 18th, 2011Via: CNN: Is that a disco ball I see? Stocks plunged Thursday after several economic reports in the United States raised more worries about stagnant growth and higher inflation. I wish there was a word to describe such a scenario. Oh yeah. There is! Stagflation.
Recovery: Americans’ Satisfaction With National Conditions Dips to 11%
August 18th, 2011Via: Gallup: Americans’ satisfaction with the way things are going in the United States has fallen back to 11%, the lowest level since December 2008 and just four percentage points above the all-time low recorded in October 2008.
NASDAQ DOWN MORE THAN 5%
August 18th, 2011DJIA -4.57% Nasdaq -5.21% S&P 500 -4.76%
Spot Gold Bullish Engulfing 10 and 15 Minute
August 18th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Melt up.
