Archive for the 'Economy' Category
U.S. Dollar
April 10th, 2011WARNING: This is not a recommendation to buy, sell or hold any financial instrument. My U.S. Dollar Index analysis from 22 March remains in play. Here’s an update. I expect a sucker bounce to occur sometime between the current level and 74.170, but that should be pretty short lived; days, not weeks. Tactical longside plays […]
The Budget Pie Illustrated
April 10th, 2011I didn’t post a single story about the absurd Kabuki theater, brain rot, nonsense that came to a head last week, but this cartoon sums up the whole thing very succinctly. Via: IBD:
Sony, Canon Plants Knocked Out by Aftershock
April 8th, 2011Via: Bloomberg: Sony Corp. and Canon Inc. were among manufacturers that shut plants in Japan following a 7.1- magnitude earthquake yesterday, delaying their recovery from last month’s record temblor. Sony, Japan’s largest exporter of consumer electronics, said it suspended operations at two plants in Miyagi prefecture because of power outages caused by last night’s aftershock […]
Shortage of Japanese Parts Puts U.S. Economy at Risk
April 7th, 2011Via: Yahoo – Daily Ticker: The devastating earthquake and tsunami that hit Japan last month is slowly starting to have a bigger impact on U.S. manufacturing. Toyota announced Monday that its North American plants would likely have to close later this month due to supply disruptions in Japan. Honda, Nissan and Ford have already announced […]
Israel: Oil Shale
April 7th, 2011Via: Energy Tribune: Harold Vinegar, the former chief scientist of Royal Dutch Shell, has devised an ambitious plan that would, if successful, turn Israel into one of the world’s leading oil producers. Now chief scientist for Israel Energy Initiatives (IEI), Vinegar maintains that the 238 sq km Shefla Basin holds the world’s second largest shale […]
PORTUGAL NEEDS EMERGENCY BAILOUT
April 7th, 2011Via: Washington Post: Portugal asked for a bailout from Europe’s trillion-dollar rescue fund Wednesday, becoming the third European nation in a year to need outside financial help to overcome a crisis driven by high public debt, weak banks and slow growth. The request to the European Commission came as Portuguese officials acknowledged that escalating borrowing […]
Screen Based Public Education
April 7th, 2011Public education in the U.S. is a weapon of mass mental destruction that has resulted in a sort of national lobotomy. Increasingly, the screens are being used to deliver the payload with greater efficiency. Via: Los Angeles Times: Jack London was the subject in Daterrius Hamilton’s online English 3 course. In a high school classroom […]
Fukushima: Dealing with Highly Radioactive Water Could Take Decades, Cost Tens of Billions of Dollars
April 7th, 2011Via: Los Angeles Times: For nearly four weeks, Japanese emergency crews have been spraying water on the damaged Fukushima Daiichi nuclear reactors, a desperate attempt to avert the calamity of a full meltdown. Now, that improvised solution to one nuclear nightmare is spawning another: what to do with the millions of gallons of water that […]
Interpol Chief Calls for Global Electronic Identity Card System
April 6th, 2011Papelles. Via: Help Net Security: The head of INTERPOL has emphasized the need for a globally verifiable electronic identity card (e-ID) system for migrant workers at an international forum on citizen ID projects, e-passports, and border control management. Speaking at the fourth Annual EMEA ID WORLD summit, INTERPOL Secretary General Ronald K. Noble said that […]
Solar Costs May Already Rival Coal, Spurring Installation
April 6th, 2011Barring a major wildcard event (global nuclear war, massive asteroid impact, etc.), the horror show will grind on, now with even more Clean and Green. Via: Bloomberg: Solar panel installations may surge in the next two years as the cost of generating electricity from the sun rivals coal-fueled plants, industry executives and analysts said. Large […]
