Archive for the 'Economy' Category
Malnourished American Children Face Long Term Learning and Developmental Problems
July 28th, 2011Via: Boston Herald: Doctors at a major Boston hospital report they are seeing more hungry and dangerously thin young children in the emergency room than at any time in more than a decade of surveying families. Many families are unable to afford enough healthy food to feed their children, say the Boston Medical Center doctors. […]
GE Healthcare Moves Headquarters of X-Ray Business from Wisconsin to Beijing
July 27th, 2011Via: Bloomberg: General Electric Co. (GE)’s health-care unit, the world’s biggest maker of medical-imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing to tap growth in China. “A handful” of top managers will move to the Chinese capital and there won’t be any job cuts, Anne LeGrand, vice president and general […]
Gold: New Record High
July 27th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Spot gold reached a new record high today of $1624.07. On the dollar: USDX breached the support at 73.506, so a retest of 72.696 is likely.
Jefferson County, Alabama Prepares for Largest Municipal Bankruptcy in U.S. History
July 26th, 2011Via: Forbes / AP: Alabama’s largest county is laying the groundwork for filing what would be the largest municipal bankruptcy in U.S. history, over a more than $3 billion debt for its sewer system. The Jefferson County Commission approved resolutions Tuesday to hire prominent bankruptcy lawyers and to sell bonds later in case money is […]
Hungary Destroys All Monsanto GMO Maize Fields
July 26th, 2011Via: IB Times: In an effort to rid the country of Monsanto’s GMO products, Hungary has stepped up the pace. This looks like its going to be another slap in the face for Monsanto. A new regulation was introduced this March which stipulates that seeds are supposed to be checked for GMO before they are […]
Wealth Gap Between Whites and Minorities Widest in 25 Years
July 26th, 2011Via: AJC / AP: The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new […]
Greece Nearing Default
July 25th, 2011Via: Washington Post: Moody’s Investors Service again downgraded Greece’s credit standing Monday, setting the stage for a likely declaration that the country is in default as a newly approved rescue plan moves forward. In the first review by a ratings agency of the plan approved by European leaders last week, Moody’s cast doubt on the […]
U.S. Taxpayer Money Funneled to the Taliban
July 25th, 2011Flashback: NATO Forces Supplied Food, Water and Arms to Taliban Forces in Southern Afghanistan Via: Washington Post: A year-long military-led investigation has concluded that U.S. taxpayer money has been indirectly funneled to the Taliban under a $2.16 billion transportation contract that the United States has funded in part to promote Afghan businesses. The unreleased investigation […]
Gold Went Vertical for About 45 Minutes In Early Trading
July 25th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Probably nothing, maybe something: There was a very sharp move higher (to a new record) on gold in early trading coming out of the weekend. It went close to vertical for the first 45 minutes of trading and hit a new […]
Fed Audit Reveals $16 Trillion in Secret Loans
July 24th, 2011Via: Bernie Sanders – U.S. Senate: The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to […]
