Archive for the 'Economy' Category
Retirement As We Know it Is “Dead”
June 23rd, 2011Via: Daily Ticker: An increasing number of Americans are worried about their retirement. In fact, a recent Gallup poll finds retirement is the top financial worry in this country. The poll found that 58% of adults are “very/moderately worried” about maintaining their current lifestyle after they stop working. The number jumps to 77% among 30 […]
China: Central Bank Finds Officials Stole Billions
June 23rd, 2011Via: MarketWatch: Corrupt Chinese officials and employees of state-owned companies have absconded with about 800 billion yuan ($123.7 billion) of public money over 15 years through 2008, much of it making its way to the U.S., Canada, Australia and the Netherlands, according to Chinese news reports citing a central bank study. The 67-page report, completed […]
At New NYC Hotel, a Robot Handles the Luggage
June 22nd, 2011Via: AP: Forget the bellhop. Meet the luggage robot. It’s the first of several high-tech, sleek amenities guests encounter at the Yotel, a new hotel that aims to provide a trendy stay at an affordable price. … The 20-foot-tall robotic arm at the entrance automatically stores bags in lockers for guests who want to wonder […]
Thailand: Corporate-Funded “People’s” Movement
June 22nd, 2011Via: Land Destroyer: So then it is alarming when these nefarious agents of the global corporate-financier elite have now aligned against yet another nation, Thailand. More alarming is how the progressive activists committed to Thaksin and his political party, are seemingly so profoundly ignorant of the nature of the movement they are helping to propel […]
N.C. Man Allegedly Robs Bank of $1 to Get Health Care in Jail
June 21st, 2011Via: ABC News: A 59-year-old man has been jailed in Gastonia, N.C., on charges of larceny after allegedly robbing an RBC Bank for $1 so he could get health care in prison. Richard James Verone handed a female teller a note demanding the money and claiming that he had a gun, according to the police […]
U.S. Treasury Exchange Stabilization Fund
June 20th, 2011There are more parts at the link. (I’m almost out of bandwidth for this billing cycle, so I only watched part one.) It’s helpful to think of U.S. Treasury as Goldman Sachs. Via: Market Skeptics:
Two Million Construction Jobs May be Lost for Good
June 20th, 2011Via: CBS: Some Americans are giving up entirely on the idea of owning a house – choosing instead a condo or renting an apartment. In southern California, CBS News correspondent Bill Whitaker reports more of those homes are being built now – but they don’t create as many construction jobs as single-family houses do. Put […]
Man Mines Precious Metals and Gems on Midtown Manhattan Sidewalks
June 20th, 2011I happen to like stories about weird ways that people make it through this… reality. Wow, I definitely wouldn’t have ever thought of this. He probably should have told people he lost his contact lenses or something. Via: New York Post: There’s gold in them thar sidewalk cracks! A Queens man has discovered enough hidden […]
Bitcoin Flashcrash on Mt.Gox
June 19th, 2011Update: Mt.Gox User Database Stolen, Service Down There’s ugly, there’s fugly and then there’s… Via: Mt.Gox: [Update – 2:06 GMT] What we know and what is being done. It appears that someone who performs audits on our system and had read-only access to our database had their computer compromised. This allowed for someone to pull […]
Greece: Increasing Possibility of ‘Lehman-Style’ Event
June 19th, 2011Via: Telegraph: UK banks have pulled billions of pounds of funding from the eurozone as fears grow about the impact of a “Lehman-style” event connected to a Greek default. Senior sources have revealed that leading banks, including Barclays and Standard Chartered, have radically reduced the amount of unsecured lending they are prepared to make available […]
