Archive for the 'Economy' Category
SEC Illegally Destroyed Files and Documents Related to Thousands of Early-Stage Investigations
August 18th, 2011You’ll love this one. Via: New York Times: An enforcement lawyer at the Securities and Exchange Commission says that the agency illegally destroyed files and documents related to thousands of early-stage investigations over the last 20 years, according to information released Wednesday by Congressional investigators. The destroyed files comprise records of at least 9,000 preliminary […]
Gold Breaks Higher Out of Previous Range; New Record
August 18th, 2011Spot gold: $1819.99.
BP and Other Companies Asked to Investigate “New Sheen” in Gulf of Mexico
August 18th, 2011I guess sheen is newspeak for oil spill. Via: CBS / AP: Oil giant BP says it is investigating a new sheen in the Gulf of Mexico. A catastrophic explosion at the energy giant’s Macondo well in the Gulf on April 2010 killed 11 men and led to the worst offshore oil spill in U.S. […]
For First Time, More Corn Used for Ethanol Than Livestock
August 18th, 2011Via: The Gazette: For the first time ever, more of the corn crop may go into gas tanks than into the stomachs of cattle and poultry destined for kitchen tables. The prediction drew little response last week when it was released by the USDA in its Crop Production and Supply/Demand Report for the 2011 crop […]
Hugo Chavez Orders $11 Billion of Gold Home From International Vaults
August 18th, 2011Via: Bloomberg: Venezuelan President Hugo Chavez ordered the central bank to repatriate $11 billion of gold reserves held in developed nations’ institutions such as the Bank of England as the metal rises to record levels behind a weakening U.S. dollar. Venezuela, which holds 211 tons of its 365 tons of gold reserves in U.S., European, […]
Who—and What—Are Behind the “Official History” of the Bin Laden Raid?
August 17th, 2011I just included a tiny piece of this. Click through, but be ready to for a lengthy and careful meditation on total absurdity of this fabricated spectacle. Via: Who What Why: The establishment media just keep getting worse. They’re further and further from good, tough investigative journalism, and more prone to be pawns in complicated […]
Sarkozy Calls for Tax on Financial Transactions to Fund Global Development
August 16th, 2011Via: AFP: French President Nicolas Sarkozy on Monday called for a tax on all financial transactions at the UN Millennium Goals summit to pay for global development. “Finance has globalized, so why should we not ask finance to participate in stabilizing the world by taking a tax on each financial transaction,” Sarkozy told the summit. […]
Doubling Down: Germany, France Propose Collective Government for Eurozone Led by EU President
August 16th, 2011HAHA. What could possibly go wrong? Via: CBC: The leaders of Germany and France are proposing collective governance for the euro zone led by the European Union president. Angela Merkel and Nicolas Sarkozy announced the proposal Tuesday after meeting in Paris, as new figures showed economic growth in the region all but stalled even before […]
Swiss Ponder Unthinkable as World’s Chaos Turns Franc Economy Upside Down
August 16th, 2011Infinite dollars. Finite world. Via: Bloomberg: Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency. Swiss National Bank Vice President Thomas Jordan said the central bank is assessing “a whole range of options” […]
As Economy Tanks, “New Normal” Police State Takes Shape
August 15th, 2011Via: Dissident Voice: Forget your rights. As corporate overlords position themselves to seize what little remains of a tattered social net (adieu Medicare and Medicaid! Social Security? Au revoir!), the Obama administration is moving at break-neck speed to expand police state programs first stood-up by the Bush government. After all, with world share prices gyrating […]
