Archive for the 'Economy' Category
Use of SSRI Antidepressants During Pregnancy Linked to Higher Risk of Autism
July 6th, 2011Via: Time: In a study involving data on more than 1,800 children — fewer than 300 of whom had an autism spectrum disorder (ASD) — and their mothers, the scientists found that women who were prescribed drugs to treat depression in the year before giving birth were twice as likely to have children with an […]
Huge Rare Earth Deposits Found in Pacific
July 4th, 2011Update: Map on Io9 See: A map of future undersea mining facilities. —End Update— Via: Reuters: Vast deposits of rare earth minerals, crucial in making high-tech electronics products, have been found on the floor of the Pacific Ocean and can be readily extracted, Japanese scientists said on Monday. “The deposits have a heavy concentration of […]
Rice May Rally Sharply in Wake of Thai Election
July 4th, 2011Via: Bloomberg: Rice prices in Thailand, the biggest exporter, may rally 56 percent by yearend as the party that won parliamentary elections implements a policy to buy the crop from farmers above current rates, according to a survey. The export price may climb to $810 per metric ton by Dec. 31, according to a median […]
South Korea: Entire Primary Education Curriculum Will Be Delivered Digitally By 2015
July 4th, 2011South Korea, a division of Samsung. Via: MIT Technology Review: By 2014, all of South Korea’s elementary-level educational materials will be digitized, and by 2015, the entire school-age curriculum will be delivered on an array of computers, smart phones and tablets. While the country’s education ministry is yet to announce the make or model of […]
Recovery: Older Interns Signal Gloomy Labor Market
July 2nd, 2011Via: Reuters: Elizabeth Romanaux puts a brave face on working as an intern at the age of 55. A media relations manager until she joined the millions of unemployed Americans two years ago, Romanaux spent the spring building contact lists and fetching lunches as she tried to keep alive her chances of resuming full employment. […]
Director of Australian Reserve Bank: Global Economic Train Wreck Coming
July 2nd, 2011Via: Sydney Morning Herald: THE global economy is facing ”a slow-motion train wreck” with Greece only the first nation to be hit, Reserve Bank director Warwick McKibbin has told a Melbourne conference. Referring to the most recent global economic crisis as a mere ”blip”, he said the coming crisis could undo the mining boom and […]
Toshiso Kosako: Come the Harvest Season in the Fall, There Will Be Chaos
July 2nd, 2011You probably know that rice has semi religious significance throughout Asia, but you may not know that Japanese are particularly weird about their rice. To Japanese, it’s not really rice unless it’s rice from Japan. In order to avoid international trade sanctions, Japan imports rice, but the rice is generally not consumed in Japan. Most […]
South California?
July 2nd, 2011These aren’t the suburbs of the Lane Meyer and Ferris Bueller days. These suburbs are Snowcrash style corporate burbclaves, complete with mercenary armies, shakedowns and worse. —Visions of Teen Angst, Then and Now Via: CBS: Riverside County Supervisor Jeff Stone apparently thinks so, after proposing that the county lead a campaign for as many as […]
Where Will You Go When the Sovereign Debt Volcano Blows?
July 1st, 2011Via: Daily Bell: I do not have a crystal ball or inside political information on a specific imminent threat, only the observation that the sovereign debt crisis from Europe, a debt ceiling misstep from the clowns in Washington or a Middle East event could suddenly trigger the collapse. Actually any major political or economic shock […]
Fannie Mae Silence on Taylor Bean Opened Way to $3 Billion Fraud
July 1st, 2011Via: Bloomberg: The first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else. Fannie Mae, the government-sponsored enterprise which issues almost half of all mortgage-backed securities, determined over the […]
