Archive for the 'Economy' Category
At Least 11 Cops Shot in 24 Hours
January 25th, 2011There aren’t many national headlines about the nonstop crimes committed by the police around the U.S. But, for our purposes, the number of cops that wind up dead on an annual basis (as a result of shootings and other assaults) is a fairly simple collapse metric to track, and I have been doing that. So […]
‘Wall Street Partying in Davos as Bankers Overcome Crisis’ [SIC]
January 25th, 2011In other news: ‘The unemployment rate rose in 20 states last month as employers in most states shed jobs.’ Via: Bloomberg: As Wall Street chief executive officers flock to the World Economic Forum, they’ll be breathing a sigh of relief along with the Swiss mountain air: There are no panels on compensation or redesigning financial […]
GM Sold More Vehicles in China Than the U.S. in 2010
January 25th, 2011Via: USA Today: General Motors last year sold more cars and trucks in China –now the world’s largest and fastest-growing auto market — than it did in the U.S. GM sold 2,351,610 vehicles in China in 2010, up 28.8% over 2009. By contrast it sold 2.215,227 in the U.S., up 6.3%.
Peter Dale Scott: The Doomsday Project, Deep Events, and the Shrinking of American Democracy
January 24th, 2011Via: Asia Pacific Journal: In recent years I have become more and more concerned with the interactions between three important and alarming trends in recent American history. The first is America’s increasing militarization, and above all its inclination, even obsession, to involve itself in needless and pernicious wars. The second, closely related, is the progressive […]
China Bank Moves to Buy U.S. Branches
January 24th, 2011Via: Wall Street Journal: China’s biggest bank signed an agreement that would make it the first Beijing-controlled financial institution to acquire retail bank branches in the U.S., though regulators could still block the deal. Under the deal, Industrial & Commercial Bank of China Ltd., by some measures the world’s largest bank, agreed to acquire a […]
Federal Reserve Creative Accounting to Avoid Insolvency?
January 23rd, 2011Mmm hmm. Via: Reuters: Concerns that the Federal Reserve could suffer losses on its massive bond holdings may have driven the central bank to adopt a little-noticed accounting change with huge implications: it makes insolvency much less likely. The significant shift was tucked quietly into the Fed’s weekly report on its balance sheet and phrased […]
A Self-Sufficient System of Farming Is Increasing Yields Across Hawaii
January 23rd, 2011“Now my rice growing is simply sowing seed and spreading straw, but it has taken me more than thirty years to reach this simplicity.” —Masanobu Fukuoka Via: Star Advertiser: Farmer Samson Delos Reyes reached into his bluejeans pocket to grab a phone call from a buyer and ended up smiling but shaking his head. The […]
Situation at Cairo Airport Involving Gold and Cash Smuggling to Netherlands
January 23rd, 2011Readers capable of doing high confidence translations from Arabic to English are welcome to submit them. So far, there is no English language source for this. Here’s the Google machine translation to English. Via: Google Translate / egypt.com: Cairo Airport Authority announced today the state of emergency to re-examine the expulsion of 59 gold and […]
Spain Plans Partial Nationalization of Savings Banks
January 22nd, 2011Via: Reuters: Spain plans a partial state takeover of its weakest savings banks as it seeks to reassure investors a rescue will not weigh on its deficit. A source familiar with the matter told Reuters on Friday the government would force debt-laden regional savings banks to become conventional banks and seek stock market listings to […]
Bankruptcy Considered for States
January 21st, 2011How much longer can appearances be maintained? Will people continue to believe the U.S. is solvent if large states start to pack it in? Remember Meredith Whitney in States Will Need Federal Bailout Within a Year? There was a lot of scorn directed at her after that. Well… Via: New York Times: Policy makers are […]
