Archive for the 'Economy' Category
Dangerous Debris, Evidence, Left in Abandoned Detroit Police Crime Lab
May 28th, 2011Via: Detroit Free Press: Thousands of rounds of live ammunition, sealed evidence kits and case files — some containing Social Security numbers of rape and assault victims — lay amid rubble in a crime lab abandoned by Detroit police two years ago. The Free Press discovered the ruins this week. Judicial experts expressed shock that […]
PayPal Co-Founder Hands Out $100,000 Fellowships for Students to Drop Out of College and Start Businesses
May 26th, 2011Oh man. I can hear the squealing from the Student Loan Industrial Complex already. Via: NPR: Peter Thiel, the PayPal co-founder and one of the first investors in Facebook, is proposing a controversial path toward more rapid innovation. Today his Thiel Foundation announced that it was giving 24 people under 20 $100,000 fellowships to drop […]
Fed’s Secret Loans to Big Banks
May 26th, 2011Via: Bloomberg: Credit Suisse Group AG (CS), Goldman Sachs Group Inc. (GS) and Royal Bank of Scotland Group Plc (RBS) each borrowed at least $30 billion in 2008 from a Federal Reserve emergency lending program whose details weren’t revealed to shareholders, members of Congress or the public. The $80 billion initiative, called single-tranche open- market […]
Groups Sue FDA to Stop Addition of Antibiotics in Livestock Feed
May 26th, 2011Via: Washington Post: Several environmental and public health groups filed suit against the Food and Drug Administration on Wednesday to try to force the government to stop farmers from routinely adding antibiotics to livestock feed to help animals grow faster. The groups say widespread agricultural antibiotic use and the FDA’s allowance of the practice are […]
Food Inflation to Quicken; Nestle, McDonald’s, WholeFoods Lift Prices
May 26th, 2011Via: Bloomberg: U.S. food-price inflation may top the government’s forecast as higher crop, meat, dairy and energy costs lead companies including Nestle SA, McDonald’s Corp. (MCD) and Whole Foods Market Inc. (WFMI) to boost prices. Retail-food prices will jump more than the U.S. Department of Agriculture’s estimate of 3 percent to 4 percent this year, […]
For Any Obama Zombies That Remain
May 26th, 2011Via: TruthDig: The liberal class, which attempted last week to discredit the words my friend Cornel West spoke about Barack Obama and the Democratic Party, prefers comfort and privilege to justice, truth and confrontation. Its guiding ideological stance is determined by what is most expedient to the careers of its members. It refuses to challenge, […]
USDA Fines Missouri Family $90k for Selling Rabbits Without a License
May 26th, 2011Three Felonies a Day: How the Feds Target the Innocent by Harvey A. Silverglate Via: Yahoo News: It started out as a hobby, a way for the Dollarhite family in Dixa, Mo., to teach a teenage son responsibility. Like a lemonade stand. But now, selling a few hundred rabbits over two years has provoked the […]
A Fifth of Russia’s State Defence Spending Is Stolen Every Year
May 25th, 2011Putin the Apostle? Via: Calgary Sun: A fifth of Russia’s state defence spending is stolen every year by corrupt officials, dishonest generals and crooked contractors, Russia’s chief military prosecutor said in an interview published on Tuesday. President Dmitry Medvedev says endemic corruption is holding back Russia’s development, but anti-bribery groups say the problem has become […]
And Now… Indian Companies Outsourcing Jobs to U.S.
May 25th, 2011Via: Washington Post: India’s outsourcing giants — faced with rising wages at home — have looked for growth opportunities in the United States. But with Washington crimping visas for visiting Indian workers, some companies such as Aegis are slowly hiring workers in North America, where their largest corporate customers are based. In this evolution, outsourcing […]
Pentagon Wants 80 to 100 Long Range, Nuclear-Capable Bombers That Can Operate With or Without a Pilot in the Cockpit
May 24th, 2011Via: Los Angeles Times: Deep in the Mojave Desert, surrounded by tiers of barbed-wire fence, the nation’s largest defense contractors work in secrecy designing and building the latest military aircraft at Air Force Plant 42. The military’s top weapons buyer quietly visited the Palmdale facility this month to talk with leading aerospace executives about plans […]
