Archive for the 'Economy' Category
‘A Vast, Global Online Network of Homeless People’
April 27th, 2011Remember Hiro Protagonist’s living arrangement in Snowcrash? He lived in a shipping container, but he also had a fiber optic connection to the Metaverse. Homeless people with broadband: It’s not Sci-FI, it’s the new normal. Via: Parent Dish: Brianna Karp thought she had it all together. At 23, the Orange County, Calif., executive assistant was […]
Soaring Costs Force Some Renters To Choose Between Shelter And Food
April 27th, 2011Via: Huffington Post: Around 10 million American households — or one in every four families that rent their homes — could have to choose between paying rent, buying groceries or keeping current with bills, according to a report released Tuesday. The number of households spending more than 50 percent of their income on rent and […]
High Level Member of Sinaloa Cartel Claims Multi-Ton Cocaine Trafficking Activities Were Sanctioned by DOJ, DEA and DHS/ICE
April 26th, 2011Via: Narco Sphere: A high-level player with one of the most notorious narco-trafficking organizations in Mexico, the Sinaloa “cartel,” claims that he has been working with the U.S. government for years, according to pleadings filed recently in federal court in Chicago. That player, Jesus Vicente Zambada Niebla, is the son of Ismael “El Mayo” Zambada […]
The End of QEII: It’s Time to Make the Donuts
April 26th, 2011Via: PIMCO: Just as Charles Ponzi needed donuts to turn back a suspicious crowd of investors, the Fed needs “donuts” in order to fill the bellies of the literally millions of investors worldwide who worry about the alarmingly large U.S. budget deficit and the impact that the U.S. debt dilemma could have on their Treasury […]
Dollar: All Time Low vs. Swissy
April 26th, 2011Via: AFP: The euro struck a 16-month high against the dollar and the Swiss franc notched a record high versus the US unit Tuesday amid heightened investor nerves over this week’s busy economic calendar. The European single currency hit $1.4653 in morning trade, the highest point since mid-December 2009, as many dealers returned from a […]
Los Alamos National Laboratory Scientists Develop Inexpensive Catalysts for Fuel Cells
April 26th, 2011Read this one within the context of Daniel Nocera’s artificial leaf technology. Via: Science Daily: Los Alamos National Laboratory scientists have developed a way to avoid the use of expensive platinum in hydrogen fuel cells, the environmentally friendly devices that might replace current power sources in everything from personal data devices to automobiles. … Polymer-electrolyte […]
U.S. Dollar: Make or Break
April 26th, 2011WARNING: This is not a recommendation to buy, sell of hold any financial instrument. Update: Next Leg Down 73.562 —End Update— 73.833; trying for the next leg down. Resistance is just ahead at 73.735. Pare it down, lock it in, don’t get greedy, etc. This is a local support, though, and probably not strong. Related: […]
17% of Full-Time Employed Americans Raiding Retirement Funds Early
April 26th, 2011I thought that this was worth mentioning, despite the cringe inducing consumers this, consumers that nonsense. Via: Bankrate: Nearly one-fifth of full-time employed Americans have raided retirement accounts in the past year to cover emergencies, according to a national Bankrate survey. Despite increasing signs of a stabilizing U.S. economy, 19 percent of Americans — including […]
4 Years of Factor e Farm in 4 Minutes
April 25th, 20114 Years of Factor e Farm in 4 Minutes from Open Source Ecology on Vimeo. More: TED: Marcin Jakubowski: Open-Sourced Blueprints for Civilization opensourceecology.org Research Credit: applecidervinegar
Gold and Silver: New Record Highs
April 25th, 2011Via: Bloomberg: Silver climbed to an all-time high as investors sought to protect their wealth against accelerating inflation and a weaker dollar. Gold also rose to a record. Immediate-delivery silver jumped as much as 5.4 percent to $49.79 an ounce, beating the previous peak of $49.45 in 1980, according to research company GFMS Ltd. Gold […]
