Archive for the 'Economy' Category
Britain: Council to Force Family Living On Their Own Land and Growing Their Own Food to Live in State Housing and Become Dole Recipients
June 30th, 2011Madness. Via: This is Devon: A COUPLE living an “off-grid” lifestyle say they face prison unless they move from their own land in Willand and return to an existence in the benefits trap. Stig and Dinah Mason bought Muxbeare Orchard after a sudden windfall allowed them to quit their impoverished lives on a Hertfordshire council […]
Methane Contamination of Drinking Water Accompanying Gas-Well Drilling and Hydraulic Fracturing
June 29th, 2011Via: Proceedings of the National Academy of Sciences: Directional drilling and hydraulic-fracturing technologies are dramatically increasing natural-gas extraction. In aquifers overlying the Marcellus and Utica shale formations of northeastern Pennsylvania and upstate New York, we document systematic evidence for methane contamination of drinking water associated with shale-gas extraction. In active gas-extraction areas (one or more […]
Greece Approve Austerity Measures as Protesters Clash with Police
June 29th, 2011This stream was showing some pretty hairy rioting as I posted this: LIVE STREAMING: Πεδ?ο μ?χης το Σ?νταγμα by News247 Via: Telegraph: The vote taken amid violent protests and a sense of growing social conflict, will this weekend unlock a £10.7 billion transfer to Greece, the fifth instalment in a £98billion EU-IMF bailout agreed 13 […]
Congress May Allow Oversight of Investment Advisers by FINRA, a Financial Industry Corporation
June 29th, 2011Via: Bloomberg: Congress may hand oversight of almost 12,000 investment advisers to Wall Street’s self-funded regulator as a cost-saving measure. The price could be paid by investors. The Financial Industry Regulatory Authority, deputized by the government to oversee brokers, is lobbying to replace the U.S. Securities and Exchange Commission as a regulator of registered investment […]
Japan’s Newest Popstar Outed as CGI Creation
June 29th, 2011Via: Vigilant Citizen: Aimi Eguchi, the latest star of the popular girl band AKB 48, told fans on her website that she was a normal 16-year-old from Saitama Prefecture, north of Tokyo who enjoyed track and field sports. Her cute features made her a fan favorite and quickly created a buzz. … Miss Eguchi blogged […]
Greece: Possibility of a Military Coup?
June 28th, 2011Via: CityWire: While the IMF stalls on its rescue package for Greece, many in the market are beginning to question whether the country would not in fact be better off out of the euro altogether. But for Steven Cordell, manager of Cazenove’s Pan Europe fund, that is a scenario that should be avoided at all […]
Greece: ‘A Sovereign Debt Crisis of Sophoclean Dimensions’
June 27th, 2011Via: Telegraph: The essence of ancient Greek tragedy is that the audience knows it will end in disaster, but feels compelled to watch the horror unfold. And so it is with the modern version, a sovereign debt crisis of Sophoclean dimensions. Themes of the great dramatist’s finer works are all there: how arrogance, pride and […]
Threat of $100 Billion Hit if U.S. Top Rating Lost
June 27th, 2011I definitely wouldn’t assume that the impact of a credit rating cut would be limited to $100 billion. I doubt there is any way to know what the impact will be because so many derivatives have been struck off the underlying debt. In other words, this $100 billion number may be just the tip of […]
U.S. Government Launching Antitrust Investigation of Google
June 24th, 2011Oh sure. I bet Google is quivering with fear. Via: Wall Street Journal: Federal regulators are poised to hit Google Inc. with subpoenas, launching a broad, formal investigation into whether the Internet giant has abused its dominance in Web-search advertising, people familiar with the matter said. The civil probe, which has the potential to reshape […]
U.S. to Release Oil from Strategic Petroleum Reserve
June 23rd, 2011Spit balls. Noise level. Clown antics. Via: CNBC: But enough on oil, because that’s not what this is really about anyway. It’s about the White House finally recognizing what millions of American families already know: the economy is still too weak, the recovery too slow, and they need to try something new. That’s bad news, […]
