Archive for the 'Economy' Category
General Strike in Spain; Demonstrations Around Europe
September 29th, 2010Via: Bloomberg: Spanish workers disrupted transport and television broadcasts in the first general strike in eight years as demonstrators marched in a dozen European cities against government spending cuts. More than 100,000 protesters descended on Brussels before a meeting between union members and European Commission President Jose Barroso, organizers said. In Athens, rail, communications and […]
How Elon Musk Turned Tesla Into the Car Company of the Future
September 29th, 2010What I found most interesting about this piece was how Toyota and Daimler got on board with Tesla. It seemed like those organizations saw Tesla as a catalyst that could help overcome their own bureaucratic inertia. Toyota’s involvement with Tesla is definitely interesting. Toyota made a big miscalculation with its long insistence that hybrid technology […]
The Left Right Paradigm is Over: Its You vs. Corporations
September 29th, 2010Careful, Barry, you might cause Maria to smear her lipstick. Via: The Big Picture: Every generation or so, a major secular shift takes place that shakes up the existing paradigm. It happens in industry, finance, literature, sports, manufacturing, technology, entertainment, travel, communication, etc. I would like to discuss the paradigm shift that is occurring in […]
Something in the GM Soy Diet Was ‘Wrecking the Ovary and Endometrium’ of the Rats
September 29th, 2010The opening words of the piece below are, “If you’re still eating genetically modified (GM) soybeans…” People might read the article and think, “I don’t eat genetically modified soybeans, so this doesn’t apply to me.” If you’re eating any industrial/feedlot/factory meat, you’re eating genetically modified soybeans. It’s in the feed that the animals are given. […]
New Zealand Government to Place More Restrictions on Foreign Ownership of Large Farms
September 29th, 2010I’m actually amazed by this. I didn’t think anything came “too close to home” for the New Zealand government when it came to China. I fully expected the acquisition of the Crafer farms by China Jin Hui Mining Corporation (later changed to “Natural Dairy” for perception management purposes) to sail through without any problems. Thankfully, […]
World Gripped by ‘International Currency War’
September 28th, 2010Via: Guardian: The world is in the midst of an “international currency war” according to Brazil’s finance minister as governments force down the value of their currencies to boost their struggling economies. The comments are the first public admission made by a senior policymaker about a practice which has become increasingly widespread since the global […]
Britain: Stop Saving Money; Spend, Spend, Spend
September 28th, 2010Via: Guardian: Britons should go out and spend to help invigorate the UK’s economic recovery, the deputy governor of the Bank of England has urged. In unusually unguarded comments for a banker, Charlie Bean yesterday discouraged people from building up cash savings which generate little income due to historically low interest rates. Bean, who sits […]
Japan to Drill for Methane Hydrate
September 28th, 2010Via: Guardian: In a bid to shore up its precarious energy security Japan is to start commercial test drilling for controversial frozen methane gas along its coast next year. The gas is methane hydrate, a sherbet-like substance consisting of methane trapped in water ice – sometimes called “fire ice” or MH – that is locked […]
Churning Swindles on Garbage Stocks
September 27th, 2010Via: Reuters: Some traders are manipulating U.S. stocks that are worth less than $1 by taking both sides of trades in order to earn big rebates, according to an official at Knight Capital Group Inc. … At issue is whether an individual trader is using separate brokerage accounts to trade against himself, something known as […]
U.S. Backs $30 Billion in Bonds to Stabilize Credit Unions
September 26th, 2010Thirty to $35 billion worth of government-guaranteed bonds are going to be issued on what amounts to, “Shaky mortgage-related assets.” Does anyone understand how this, “Won’t cost taxpayers any money”? Via: Wall Street Journal: Two years after the peak of the financial crisis, the federal government swooped in to stabilize a crucial part of the […]
