Archive for the 'Economy' Category
Gold Climbs to Record for Second Day on Inflation; Silver at 31-Year Peak
April 6th, 2011Via: Bloomberg: Gold gained to a record for a second day in New York and London as rising inflation spurred demand for an investment haven and the dollar slumped against the euro. Silver advanced to a 31-year high.
Fukushima: TEPCO Claims to Have Stopped Leak of Highly Radioactive Water, For Now
April 6th, 2011Your mileage may vary. Via: Bloomberg: Tokyo Electric Power Co. said it stopped highly radioactive water leaking into the sea from a pit near one of the reactors at its stricken nuclear station north of Tokyo, after five days of trying to stem the flow. Related: Fishing Halted in Japan’s Ibaraki After Radioactive Water Contaminates […]
‘U.S. Sees Array of New Threats at Japan’s Nuclear Plant’; But It Might Be Worse Than That
April 6th, 2011The New York Times piece below states: …the engineers who prepared the document do not believe that a resumption of criticality is an immediate likelihood, Neil Wilmshurst, vice president of the nuclear sector at the Electric Power Research Institute, said when contacted about the document. “I have seen no data to suggest that there is […]
Saudis Switch to Solar, Nuclear at Home, Saving Oil for Export
April 5th, 2011Via: Forbes: Sunny Saudi Arabia plans to shift most of its domestic energy use to solar and nuclear power, diverting more oil to exports, a Saudi official said yesterday at the Third Saudi Solar Energy Forum in Riyadh. “The use of alternative sustainable and reliable resources reduces dependency on hydrocarbons and keeps them as a […]
Google Said to Be Possible Target of U.S. FTC Antitrust Probe
April 5th, 2011Via: Bloomberg: The U.S. Federal Trade Commission is considering a broad antitrust investigation into Google Inc.’s dominance of the Internet-search industry, two people familiar with the matter said. Before proceeding with any probe, the FTC is awaiting a decision by the Justice Department on whether it will challenge Google’s planned acquisition of ITA Software Inc. […]
‘It’s very hard to spend $20 million a year, even $10 million’
April 5th, 2011Via: AP: While most of the country is still dealing with the daily realities of a struggling economy, University of California, Berkeley professor Robert Reich said the super-rich are richer today than they have ever been. “It’s very hard to spend $20 million a year, even $10 million,” said Reich, former Secretary of Labor during […]
Physicians for Social Responsibility Deeply Concerned About Reports of Increased Radioactivity in Food Supply
April 4th, 2011Via: Physicians for Social Responsibility: Physicians for Social Responsibility (PSR) expressed concern over recent reports that radioactivity from the ongoing Fukushima accident is present in the Japanese food supply. While all food contains radionuclides, whether from natural sources, nuclear testing or otherwise, the increased levels found in Japanese spinach and milk pose health risks to […]
McDonald’s Wants to Fill 50K Jobs on Hiring Day
April 4th, 2011Recovery. Via: AP: McDonald’s Corp. plans to hold its first national hiring day April 19 to fill 50,000 openings at its restaurants nationwide. The company says it is making a concerted effort to add staff as its business improves and as more of its restaurants stay open 24 hours a day.
How a Big U.S. Bank Laundered Billions from Mexico’s Murderous Drug Gangs
April 4th, 2011Bloomberg ran a great piece about this back in June 2010. What has happened since then? Of course, there was some wrist-slapping, but, “Now that the year’s ‘deferred prosecution’ has expired, the bank is in effect in the clear.” Via: Guardian: On 10 April 2006, a DC-9 jet landed in the port city of Ciudad […]
Genetically Modified Cows Produce ‘Human-Milk-Like Products’
April 3rd, 2011When I saw this story in the Telegraph, I thought that it had to be the tail end of some April Fool’s antics. Nope. Apparently, this is actually happening. The article below is from March. Via: Good: Earlier this month, China held an exhibition to showcase major technical achievements during its 11th Five-Year Plan (2006-2010). […]
