Archive for the 'Economy' Category
Britain: Financial Crime Hit Record Levels in 2010
January 12th, 2011Via: Telegraph: Financial crime hit record levels in 2010, with the Government overtaking the financial services industry as the main victim, according to the KPMG Fraud Barometer. Fraud committed by company managers was the fastest growing area, up 30pc in value to £441m against the previous year. Tax fraud, money laundering and complex cases involving […]
The Chinese Eco-Disaster
January 12th, 2011Via: Slate: When Jonathan Watts was a child, he was warned: “If everyone in China jumps at exactly the same time, it will shake the earth off its axis and kill us all.” Three decades later, he stood in the gray sickly smog of Beijing, wheezing and hacking uncontrollably after a short run, and thought: […]
Bucket Wheel Excavators
January 12th, 2011I’ve seen many still pictures of these, but never video. Terrifying video. Via: YouTube:
Virginia: House Joint Resolution 557: ‘Establishing a joint subcommittee to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System.’
January 12th, 2011Via: Virginia Legislative Information System: HOUSE JOINT RESOLUTION NO. 557 Offered January 12, 2011 Prefiled January 5, 2011 Establishing a joint subcommittee to study whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal […]
The Fed’s QE2 Traders Are Buying Hundreds of Billions of Dollars Worth of U.S. Debt
January 11th, 2011Via: New York Times: Deep inside the Federal Reserve Bank of New York, the $600 billion man is fast at work. In a spare, government-issue office in Lower Manhattan, behind a bank of cubicles and a scruffy copy machine, Josh Frost and a band of market specialists are making the Fed’s ultimate Wall Street trade. […]
Portugal Might Be Next
January 10th, 2011Via: AP: Europe’s debt crisis flared up once again Monday, as Portugal’s borrowing rates briefly spiked to euro-era highs amid reports Germany and France are pushing it to accept outside help to avoid contagion to other countries. The yield on Portuguese 10-year bonds — a key gauge of investor sentiment — touched a potentially unsustainable […]
China Leads List of Biggest U.S. Creditors
January 10th, 2011Via: Reuters: President Barack Obama will host Chinese President Hu Jintao for a state visit on January 19, and the leaders of the two economic powerhouses are expected to discuss thorny issues such as China’s trade surplus and its currency policies. The United States will tread carefully as Beijing is the country’s largest creditor, holding […]
The Uncomfortable Truth About Mind Control: Is Free Will Simply a Myth?
January 10th, 2011Decades old, basic information, but just in case… Via: Independent: We have vain brains; we see ourselves as better than we really are. We like to think that we exercise free will, that put into a situation where we were challenged to do something we thought unacceptable then we’d refuse. But, if you believe that, […]
Georgia Man Fined for Growing Vegetables
January 10th, 2011Via: Eat Drink Better: An Atlanta-area man is facing fines of up to $5000 for growing too many vegetables on his land. Steve Miller (not Steve Miller of classic rock fame), has had an organic vegetable garden on his property for years. He grows food for himself and has even sold some of his bounty […]
White House Calls for ‘Trusted’ Internet Identities for Americans
January 8th, 2011At this point, with things as far gone as they are, this hardly should come as a surprise to anyone. Compared to what’s already in place, this hardly rates as sinister. They’re saying that it’s not a national ID card and it’s voluntary, etc. So, here are some guesses as to what voluntary will mean: […]
