Archive for the 'Economy' Category
PRICE CONTROLS ON FOOD IN CHINA
November 17th, 2010Via: BBC: China’s premier Wen Jiabao has said the government is preparing new measures to stem double-digit food price inflation. “The state council is formulating measures to curb the overly fast rises of prices,” he said in a statement on the government’s website. He gave no details, but they are said to include price caps, […]
Britain Now Offering Support to Ireland as Banking Wreck Continues
November 17th, 2010Via: AP: As EU and Irish officials sought a way out of the country’s debt storm, Britain on Wednesday offered support on top of any that might come from the 16-country eurozone. Britain, not part of the eurozone, “stands ready to support Ireland” in whatever the debt-stricken country needs to do to stabilize its troubled […]
One in Seven U.S. Households Hit by Hunger Issues in 2009
November 16th, 2010Via: Reuters: The number of U.S. households that reported getting emergency food from a food pantry almost doubled between 2007 and 2009, at the height of the recession, a government report said on Monday. The U.S. Department of Agriculture said the number of households jumped to 5.6 from 3.9 million. “Households also accessed additional assistance […]
Euro Under Siege After Portugal Hits Panic Button
November 16th, 2010Via: Telegraph: The euro is facing an unprecedented crisis after another country indicated that it was at a “high risk” of requiring an international bail-out. Portugal became the latest European nation to suggest it was on the brink of seeking help from Brussels after Ireland confirmed it had begun preliminary talks over its debt problems. […]
Man Made Half Million Dollars from Sale of Virtual Space Station in Video Game
November 15th, 2010Via: Forbes: Many people might balk at the idea of paying even a dollar for virtual cow in a game like Farmville. But Jon Jacobs has just sold a virtual space station he’s spent the past five years managing for a whopping $635,000 in total, making over half a million dollars. … In virtual life, […]
McDonald’s and PepsiCo to Help Write UK Health Policy
November 14th, 2010Via: Guardian: The Department of Health is putting the fast food companies McDonald’s and KFC and processed food and drink manufacturers such as PepsiCo, Kellogg’s, Unilever, Mars and Diageo at the heart of writing government policy on obesity, alcohol and diet-related disease, the Guardian has learned. In an overhaul of public health, said by campaign […]
Courts Helping Banks Screw Over Homeowners
November 12th, 2010Via: Rolling Stone: The foreclosure lawyers down in Jacksonville had warned me, but I was skeptical. They told me the state of Florida had created a special super-high-speed housing court with a specific mandate to rubber-stamp the legally dicey foreclosures by corporate mortgage pushers like Deutsche Bank and JP Morgan Chase. This “rocket docket,” as […]
Dollar Soars on Ireland Wreckage; Might Be Hammer Time
November 11th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument. There’s still another trading day to go, but the dollar will likely print a weekly hammer-like candle off the support: Is this really a hammer? Not really. But the proximity to the support is causing me to squint really hard at […]
Multiple Independent Lab Tests Confirm Oil in Gulf Shrimp
November 10th, 2010Via: Raw Story: The federal government is going out of its way to assure the public that seafood pulled from recently reopened Gulf of Mexico waters is safe to consume, in spite of the largest accidental release of crude oil in America’s history. However, testing methodologies used by the government to deem areas of water […]
Judges Dismissing Foreclosure Cases Due to Banks’ Fraudulent or Sloppy Paperwork
November 10th, 2010Via: Washington Post: A year ago, Long Island Judge Jeffrey Spinner concluded that a mortgage company’s paperwork in a foreclosure case was so flawed and its behavior in negotiations with the borrower so “repugnant” that he erased the family’s $292,500 debt and gave the house back for free. The judgment in favor of the homeowner, […]
