Archive for the 'Economy' Category
And Now… J.P. Morgan’s Hunt for Afghan Gold
May 18th, 2011Ultimately, victory will mean that Afghanistan becomes pacified in a manner that facilities effortless corporate rape. The purpose of the U.S. military is to tie the victim down. Then, the people in the suits step into the room… —The Runaway General J.P. Morgan bankers, who just happen to be former British SAS members, are working […]
NATO in Libya: Besides the Oil, Is It Also a Gold Robbery?
May 17th, 2011Pookie let me know about issue #5 of The Gold Standard (.pdf), which includes an interesting comment from this Wall Street Journal piece about Gaddafi’s vast gold holdings. The comment is no longer posted at the Wall Street Journal: PvC from Belgium comments on Wall Street Journal Blog: “It seems to me that the war […]
Coast Guard Closes Mississippi River Near Natchez
May 17th, 2011Update: Re-Opened, With Restrictions Via: CBS News: Shipping already curtailed because of flooding that is plaguing the Mississippi River was halted for much of Tuesday when officials closed the waterway north of New Orleans in the latest tough decision to try to reduce pressure on levees protecting cities and towns. By late in the day, […]
Was Fukushima a China Syndrome?
May 16th, 2011Via: Time: The China Syndrome refers to a scenario in which a molten nuclear reactor core could could fission its way through its containment vessel, melt through the basement of the power plant and down into the earth. While a molten reactor core wouldn’t burn “all the way through to China” it could enter the […]
‘We are 100% certain that governments will start banning bitcoins in the next 12 to 18 months.’
May 16th, 2011Well, they can’t stop people from transferring bitcoins to each other. As long as the Internet exists, bitcoins can be sent and received around the world. The governments, however, can shut down exchanges that handle national fiat currencies in and out of bitcoins. I wonder if people will continue to be use bitcoin after the […]
U.S. Debt Limit Reached, Government Halts Pension Investments
May 16th, 2011Via: AP: Treasury Secretary Timothy Geithner said Monday that he will immediately halt investments in two big government pension plans so the government can continue to borrow money. Geithner informed Congress of his decision in a letter stating that the government had officially reached its $14.3 trillion borrowing limit. He repeated a warning that if […]
Arcimoto Electric Vehicles: Made in Eugene, Oregon
May 16th, 2011Arcimoto
The U.S.: Where Europe Comes to Slum
May 16th, 2011Via: Los Angeles Times: The newest slumlord in Los Angeles is a pillar of German capitalism. Earlier this month, the city attorney’s office filed suit against Deutsche Bank, the world’s fourth-largest bank, for letting many of the more than 2,000 L.A. homes it has foreclosed on descend into squalor and decay. A yearlong city investigation […]
European McDonald’s Partially Replacing Employees with Touchscreen Terminals
May 16th, 2011Via: Financial Times: McDonald’s is to change the way customers order its meals in Europe, partly replacing cashiers and the use of banknotes at its 7,000 fast-food restaurants in the region with touchscreen terminals and swipe cards. … Mr Easterbrook said that the changes would make life easier for consumers as well as improve efficiency, […]
Thousands of Greeks Seek Cheaper, Rural Lifestyle
May 15th, 2011Mmm hmm. Via: Guardian: High in the hills of Arcadia, in a big stone house on the edge of this village overlooking verdant pastures and a valley beyond, a group of young Athenians are busy rebuilding their lives. Until recently Andritsaina was not much of a prospect for urban Greeks. “But that,” said Yiannis Dikiakos, […]
