Archive for the 'Economy' Category
Blackwater in Iraq: Lots of Steroids, Black Market Weapons and Ammo and “Large Amounts of Cocaine and Blocks of Hashish”
September 24th, 2010Cocaine? But of course, see Blackwater Worldwide Changes Its Name to Xe; Same Mercenaries, but Now with More “Aviation Support”: West Africa is an unlikely center for the international cocaine trade. It is not a producer of the drug nor is it a consumer, as the vast majority of its people are very poor. Yet […]
CIA Used Defective Software to Task Drones on Assassination Missions
September 24th, 2010Via: Register: The CIA is implicated in a court case in which it’s claimed it used an illegal, inaccurate software “hack” to direct secret assassination drones in central Asia. The target of the court action is Netezza, the data warehousing firm that IBM bid $1.7bn for on Monday. The case raises serious questions about the […]
Bank of America Forecloses on Homeowner Who Paid Cash for Property
September 24th, 2010Via: Sun Sentinel: When Jason Grodensky bought his modest Fort Lauderdale home in December, he paid cash. But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage. Grodensky knew nothing about the foreclosure until July, when he learned that […]
Precious Metals and the Dollar
September 24th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The U.S. Dollar Index breach of 79.507 sets up the downside possibility of 77 to 76.5. On the weekly chart, the DX could be grinding out the mother of all descending triangles, but this pattern goes back to mid 2008 and […]
Lurking in the Shadows of Obama’s Grassroots Campaign, and Lending a Big Hand, Were Wall Street Banks
September 24th, 2010Via: Larry Flynt: When it comes to doing the bidding of Wall Street, it doesn’t matter much whether the Republicans or Democrats are in charge. After the banking meltdown there was no difference in the policy pursued by Barack Obama over that of George W. Bush. Both had nothing else to offer except throwing money […]
Court Dismisses Shell Human Rights Abuse Case
September 24th, 2010Via: TCE Today: A US appeals court has dismissed a case against Shell in which it was accused of assisting the Nigerian government to commit human rights abuses in its attempts to suppress local groups protesting against oil activities in the 1990s. In a written ruling, the three-judge panel of the US Court of Appeals […]
And Now… China Detains Four Japanese Citizens
September 24th, 2010Via: Bloomberg: Japan said four of its citizens are being held in China for allegedly videotaping military targets as tensions heightened over a territorial dispute that has damaged ties between Asia’s two biggest economies. The four are employees of Fujita Corp., Chief Cabinet Secretary Yoshito Sengoku said today in Tokyo. They were visiting Hebei, China […]
CHINA HALTS SHIPMENTS OF ALL RARE EARTH METALS TO JAPAN
September 23rd, 2010Update: No Ban on Rare Earth Shipments? Via: China Daily: A Chinese trade official on Thursday denied a New York Times report that China had banned exports of rare earths to Japan following the detention of a Chinese trawler captain near the Diaoyu Islands. The report, which was sourced to unnamed industry experts, said an […]
Gulf Oil Stories
September 22nd, 2010Here are a few stories near the top of Florida Oil Spill Law right now. They just go on, and on and on: “Entire food web at risk” say researchers just back from Gulf: OIL “may be HIDDEN in LARGE MARINE MAMMALS” — “Discolored” zooplankton found Gulf Biologist: “Stunned” if oil product isn’t washing up […]
Gold Futures Top $1,290 an Ounce on Globex
September 22nd, 2010Via: MarketWatch: Gold futures climbed to new heights above $1,290 an ounce on Globex during Asia’s morning trading Wednesday with investment demand on the rise after the U.S. Federal Reserve said it was worried about deflation and was prepared to consider more action to boost the economy. Gold for December delivery touched a high of […]
