Archive for the 'Economy' Category
Shortage of Japanese Parts Affecting Variety of Companies
March 22nd, 2011Via: Reuters: Sony Corp cut output at five more plants and Toyota Motor delayed restarting assembly lines, as the global supply of parts and products began to feel the full impact of Japan’s catastrophic earthquake. Global electronics and autos companies have been hardest hit by the turmoil, but in an illustration of how the ripples […]
U.S. Dollar Could Break Down to Test All Time Low
March 22nd, 2011WARNING: This is not a recommendation to buy, sell or hold any financial instrument. My guess is that the failure of this giant bearish triangle is going to result in the breakdown of the support at 74.170. If 74.170 gets taken out, there’s a good chance that it will make a try for the all […]
Fed Must Release Loan Data as High Court Rejects Appeal
March 21st, 2011Via: Bloomberg: The Federal Reserve will disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view. The justices today left intact a court order that gives the Fed five days to release the records, sought by […]
Home Sales Dive, Prices Near 9-Year Low
March 21st, 2011Via: Reuters: Sales of previously owned U.S. homes plunged in February and prices hit their lowest level in nearly nine years, implying a housing market recovery was still a long way off. The National Association of Realtors said on Monday sales fell 9.6 percent month over month to an annual rate of 4.88 million units, […]
Of Arms and the Man: War-Profiteers and Progressives Make Common Cause for Obama
March 21st, 2011Via: Empire Burlesque: Yet even now, the “progressive blogosphere” is ablaze with partisan fervor bent toward a single goal: the re-election of Barack Obama in 2012. Because if Obama is not re-elected, we might get a president who … kowtows to Wall Street, tortures Americans, kills innocent people — that is, who actually, literally, physically […]
IBM Bribes in Asia
March 21st, 2011Via: Wall Street Journal: U.S. regulators accused International Business Machines Corp. of a decade-long campaign of bribery in Asia, saying employees handed over shopping bags stuffed with cash in South Korea and arranged junkets for government officials in China in exchange for millions of dollars in contracts. The Armonk, N.Y., technology giant agreed to pay […]
Large German Fund Freezes Accounts Because Tokyo Real Estate ‘Now Impossible to Value’
March 21st, 2011Via: eFinancial News / Dow Jones: Fears of a nuclear crisis in Japan have spilled into the commercial property sector with a large German institution suspending a €2.2bn fund as it said its holdings in Tokyo were now impossible to value. Union Investment, one of the largest German fund managers with €177bn under management, said […]
As U.S. Regime Fights Three Wars, Obama Pushes F-18 Fighter Jets on Brazil
March 20th, 2011Hope. Flashback: Obama Awarded 2009 Nobel Peace Prize Via: Reuters: President Barack Obama made a strong pitch for the Boeing F-18 jet fighter in a meeting with Brazilian President Dilma Rousseff, but she did not indicate if her government had decided to buy the U.S.-made plane, the White House said on Sunday. “The F-18 issue […]
Oil Spill Reported Near Deepwater Drilling Site in Gulf of Mexico
March 20th, 2011Via: Huffington Post: The Coast Guard is investigating reports of a potentially large oil slick in the Gulf of Mexico not far from the Deepwater Horizon site. According to a knowledgeable source, the slick was sighted by a helicopter pilot on Friday and is about 100 miles long. A fishing boat captain said he went […]
Attempts to Replace Confetti Currency Federal Reserve Notes with Precious Metals Are, ‘A Unique Form of Domestic Terrorism’
March 20th, 2011The source for all the quotes in this post is a U.S. Department of Justice Press Release that appears on the web site of the Charlotte field office of the Federal Bureau of Investigation. http://charlotte.fbi.gov/dojpressrel/pressrel11/ce031811.htm I didn’t link directly to this because my guess is that you wouldn’t be doing yourself any favors by clicking […]
