Archive for the 'Economy' Category
Ireland: Safe Sales Soar as Worried Bank Customers Keep Money at Home
December 14th, 2010Via: Independent: SAFE sales are soaring as more and more worried bank customers stash their cash at home. AIB said last month that the amount of money on deposit at the bank has fallen by €13bn since the start of the year — although it blamed most of the reduction on withdrawals by companies and […]
British Household Debts Reach Record High
December 14th, 2010Via: Independent: More than half of households are struggling to repay credit cards and loans, a Bank of England survey suggested today. A total of 51% of respondents reported that their unsecured debts were a “burden” – a record high for the annual study. Illustrating the financial pressures faced by millions, one in two households […]
Next House Finance Chairman Declares: Regulators Exist to Serve the Banks
December 14th, 2010Via: Raw Story: Alabama Republican Spencer Bachus, the incoming chairman of the House banking committee, suggested Congress and federal regulators should play a subservient role with banks. “In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks,” Bachus […]
Grand Compromise or Great Conspiracy?
December 14th, 2010Via: Money and Markets: When Americans went to the polls last month, many thought they were voting for a return of fiscal sanity in Washington. And with fiscal sanity, we’d have far better assurance of bond-market stability. Instead, three houses of ill repute — two on Capitol Hill and one on Pennsylvania Avenue — are […]
Scientist Warns of Dire Consequences with Widespread Use of Glyphosate (RoundUp)
December 14th, 2010Grim. Via: Organic Consumers: In a paper published in the European Journal of Agronomy in October 2009, Huber and co-author G.S. Johal, from Purdue’s department of botany and plant pathology, state that the widespread use of glyphosate that we see today in agriculture in the United States can “significantly increase the severity of various plant […]
Federal Judge Strikes Down Obama Administration’s Requirement that All Americans Buy Health Insurance
December 14th, 2010Via: USA Today: A federal judge in Virginia has struck down the Obama administration’s requirement that all Americans buy health insurance, a key provision in the landmark health care bill that the president signed in March. Today’s ruling, if upheld, could undercut the entire health care plan, though U.S. District Judge Henry Hudson wrote that […]
Detroit Halting Garbage Pickup, Police Patrols In 20% Of City
December 14th, 2010Via: Business Insider: Detroit has been bankrupt for years. It simply refuses to admit it. Detroit’s schools are bankrupt as well. A mere 25% of students graduate from high school. Yet, in spite of hints and threats from mayors and budget commissions, and in spite of common sense talk of bankruptcy, Detroit has not pulled […]
Quantitative Easing Explained
December 13th, 2010Yes, it helped the Goldman Sachs.
$52 Billion of American Aid and Still Afghans are Dying of Starvation
December 13th, 2010Failure? Someone wound up with a whole lot of opium and heroin, and a bunch of corporations made a killing from a gusher of absurd and lucrative contracts. That sounds more like just another day at the office than failure to me—considering the criminal organizations involved and their blood soaked gravy train. —Top U.S. Commander […]
Investigators Suspect Vatican Bank Used Clergy to Act ‘As Fronts for Corrupt Businessmen and Mafia’
December 13th, 2010Via: Independent: The Vatican Bank is under new scrutiny in a case involving money-laundering allegations that led police to seize €23m (£19.25m) in September. The Vatican calls the seizure of assets a “misunderstanding” and expresses optimism it will be quickly cleared up. But fresh court documents show that prosecutors say the Vatican Bank deliberately flouted […]
