Archive for the 'Economy' Category
The Heavy Cost of the Bush-Obama Murder Rampage
June 1st, 2011Via: Lew Rokwell: In every election cycle, the politicians love to pretend there is a difference among them on the foreign policy questions. Yet on these issues of unsurpassed importance, we see the Democrats and Republicans are all part of the same bloodthirsty gang. On the superficial level of presidential politics, Obama and Bush appeared […]
Local Food Makes Strange Dining Companions
June 1st, 2011Via: The Freeman: The litany of abuses by centralized power against the individual is long and predictable. But centralization in agriculture, that hazy realm from which our food spontaneously appears, poses its own set of dangers to individual aspirations. Now that fewer than 2 percent of the population is directly engaged in food production (down […]
CONGRESS MULLS CUTS TO FOOD STAMPS PROGRAM AMID RECORD NUMBER OF RECIPIENTS
May 31st, 2011Millions of broke, hungry, armed people? What could possibly go wrong? Besides, there are robotic, long range nuclear bombers to be built. Via: ABC News: Congress is under pressure to cut the rapidly rising costs of the federal government’s food stamps program at a time when a record number of Americans are relying on it. […]
Mobius Says Fresh Financial Crisis Around Corner
May 31st, 2011Via: Bloomberg: Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous one haven’t been resolved. “There is definitely going to be another financial crisis around the corner because we haven’t solved any of the things that caused the previous crisis,” Mobius […]
Libya Lost $1.3 Billion on Options Trades Done with Goldman Sachs
May 31st, 2011But first, remember this one? The Long and Short of It at Goldman Sachs: The point to bear in mind, as Mr. Sloan brilliantly makes clear, is that as Goldman was peddling C.M.O.’s, it was also shorting the junk on a titanic scale through index sales — showing, at least to me, how horrible a […]
Eurozone Crisis Risks ‘Systemic’ Fallout
May 31st, 2011Via: AFP: The debt crisis in Greece, Ireland and Portugal could have “significant systemic effects” in the eurozone, Italy’s central bank chief Mario Draghi, who is set to head up the European Central Bank, said on Tuesday. “In the eurozone, the sovereign debt crisis in three countries, which together represent six percent of the area’s […]
Greece: Massive Outside Intervention Over Bailout
May 30th, 2011Via: Financial Times: European leaders are negotiating a deal that would lead to unprecedented outside intervention in the Greek economy, including international involvement in tax collection and privatisation of state assets, in exchange for new bail-out loans for Athens. People involved in the talks said the package would also include incentives for private holders of […]
Lockheed Network Hit by Major Disruption
May 29th, 2011Via: Reuters: Lockheed Martin, the Pentagon’s No. 1 supplier, is experiencing a major disruption to its computer systems that could be related to a problem with network security, a defense official and two sources familiar with the issue said on Thursday. Lockheed, the biggest provider of information technology to the U.S. government, is grappling with […]
Facebook Hires Former Bush Aides as Washington Lobbyists
May 28th, 2011Via: Los Angeles Times: Facebook just made two more friends in D.C. It’s hiring two aides of former President George W. Bush as lobbyists. Joel Kaplan, previously deputy chief of staff in the Bush White House, is joining Facebook as vice president of U.S. public policy, a new position in which he will oversee the […]
Top Lobbying Banks Got Biggest Bailouts
May 28th, 2011Mmm hmm. Via: Reuters: The more aggressively a bank lobbied before the financial crisis, the worse its loans performed during the economic downturn — and the more bailout dollars it received, according to a study published by the National Bureau of Economic Research this week. The report, titled “A Fistful of Dollars: Lobbying and the […]
