Archive for the 'Economy' Category
Obombya Regime Wants Changes to Arms Export Licensing Process… To Export More Arms
August 1st, 2011Via: Aviation Week: The Obama administration is proposing to shift tanks, trucks and other military vehicles currently controlled on the U.S. Munitions List (USML) to the less-restrictive U.S. Commerce Control List (CCL) by year’s end as part of a broader effort to reform the U.S. arms export licensing process. The licensing process governs foreign sales […]
TEPCO: HIGHEST RADIATION YET DETECTED AT FUKUSHIMA DAI-ICHI
August 1st, 2011Via: Bloomberg: Tokyo Electric Power Co., operator of Japan’s crippled Fukushima Dai-Ichi nuclear plant, said it detected the highest radiation to date at the site. Geiger counters, used to detect radioactivity, registered more than 10 sieverts an hour, the highest reading the devices are able to record, Junichi Matsumoto, a general manager at the utility, […]
Useless Studies, Real Harm
August 1st, 2011Via: New York Times: In an age of for-profit clinical research, this is the new face of scandal. Pharmaceutical companies promote their drugs with pseudo-studies that have little if any scientific merit, and patients naïvely sign up, unaware of the ways in which they are being used. Nobody really knows how often companies conduct such […]
Japanese Monitor Radiation On Their Own
August 1st, 2011Via: Times Union: Kiyoko Okoshi had a simple goal when she spent about $625 for a dosimeter: She missed her daughter and grandsons and wanted them to come home. Local officials kept telling her that their remote village was safe, even though it was less than 20 miles from the crippled Fukushima Daiichi nuclear power […]
Foxconn: 1 Million Robots in 3 Years
July 31st, 2011Via: Xinhua: Taiwanese technology giant Foxconn will replace some of its workers with 1 million robots in three years to cut rising labor expenses and improve efficiency, said Terry Gou, founder and chairman of the company, late Friday. The robots will be used to do simple and routine work such as spraying, welding and assembling […]
Tentative Debt Deal Might Happen; $2.4 Trillion Debt Ceiling Increase Supposedly Tied to $2.4 Trillion in Cuts
July 31st, 2011Deal Almost Complete; No Vote Today Forex is underway. So far, it mostly just looks like the usual noise. NZD/USD broke higher again, however, and hit a new record high of .8842 intraday. Gold is selling off a bit, down 1% right now. Major Asian equity markets are all green; Nikkei up 1.65%. I’ll be […]
Goldman Sachs Manipulating Aluminum Prices with Warehouse Scam
July 31st, 2011If the left hand isn’t sharing information with the right hand, with hundreds of millions of dollars in potential trading profits hanging in the balance, I’m Santa Claus. —Usual Suspects Now Heavily Involved with Commodity Warehousing Via: Reuters: In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable […]
Japan’s Largest Supermarket Chain Tests Beef for Radiation
July 30th, 2011Via: International Supermarket News: Aeon, Japan’s largest supermarket chain, has carried out independent tests to ensure the safety of the beef products it sells. The move comes as the Japanese government requested a ban on shipments of cattle from a second prefecture, after detecting caesium levels as high as twice government-set limits in beef from […]
Primary Bond Dealers Said to Meet With Treasury on Debt Ceiling
July 29th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. I’m sticking with my initial guess on this: No default. The U.S. is dealing with a $14 trillion clusterfuck. No way that thing hits the wall. Not like this. There’s way too much potential for something to go super-critical. I have […]
Gold Breaks Higher Again, Another New Record High
July 29th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. $1632.79, new high intraday.
