Archive for the 'Economy' Category
Ally’s GMAC Mortgage Halts Home Foreclosures in 23 States
September 20th, 2010Via: Bloomberg: Ally Financial Inc.’s GMAC Mortgage unit told brokers and agents to halt foreclosures on homeowners in 23 states including Florida, Connecticut and New York. GMAC Mortgage may “need to take corrective action in connection with some foreclosures” in the affected states, according to a two-page memo dated Sept. 17 and obtained by Bloomberg […]
FDA Rules Won’t Require Labeling of Genetically Modified Salmon
September 20th, 2010Via: Washington Post: As the Food and Drug Administration considers whether to approve genetically modified salmon, one thing seems certain: Shoppers staring at fillets in the seafood department will find it tough to pick out the conventional fish from the one created with genes from another species. Despite a growing public demand for more information […]
End the Misery of PMS With… (Wait for it)
September 20th, 2010Via: University of Birmingham: Neuroscientists at the University of Birmingham are working on a novel approach to ending the scourge of premenstrual syndrome (PMS) after identifying, for the first time, an organic cause for the condition. Researchers led by Dr Thelma Lovick have shown that premenstrual-like symptoms can be triggered in female rats by a […]
U.S. Debt Actually $200 Trillion?
September 20th, 2010Via: NewsCore: THE actual figure of the US’ national debt is much higher than the official sum of $US13.4 trillion ($14.3 trillion) given by the Congressional Budget Office, according to analysts cited on Sunday by the New York Post. “The Government is lying about the amount of debt. It is engaging in Enron accounting,” said […]
China Cuts Some High Level Talks with Japan Over Detained Trawler Captain
September 19th, 2010Via: Bloomberg: China has pledged to take “strong” action to force Japan to release the captain of a fishing boat held since Sept. 7 as state television reported relations between the countries have been “seriously damaged.” China’s government is demanding that Japan unconditionally release the captain, whose detention was extended to Sept. 29, the Ministry […]
Just Manic Enough: Seeking Perfect Entrepreneurs
September 19th, 2010Via: New York Times: IMAGINE you are a venture capitalist. One day a man comes to you and says, “I want to build the game layer on top of the world.” You don’t know what “the game layer” is, let alone whether it should be built atop the world. But he has a passionate speech […]
Dollar ReDe$ign Project
September 19th, 2010Look at all the new, NEW! confetti colors! Which one is backed by something besides debt on top of debt? Oh… That’s a common design feature. Ok. Via: Huffington Post: The American dollar is in bad need of a makeover. Thanks to the Dollar ReDe$ign Project, we may now have some options. Organized by creative […]
Antibacterial Soaps Contain Endocrine-Disruptors Capable of Interfering with Hormones Critical for Normal Development and Reproduction
September 18th, 2010Via: Natural Resources Defense Council: The Natural Resources Defense Council filed a lawsuit today against the Food and Drug Administration for failing to issue a final rule regulating the chemicals triclosan and triclocarban, which are commonly found in antibacterial soaps. These chemicals are suspected endocrine disruptors linked to reproductive and developmental harm in laboratory studies. […]
Chinese “Body Fishers”: The Business of Selling Corpses Pulled from the Yellow River
September 17th, 2010Via: McClatchy: From his perch on an overhang above the Yellow River, Wei Jinpeng pointed to a fisherman’s cove below and began counting his latest catch. He stopped after six, and guessed that perhaps a dozen human corpses were bobbing in the murky waters. The bodies were floating facedown and tethered by ropes to the […]
Timeline of Shame: Decades of DeCoster Egg Factory Violations
September 17th, 2010Via: The Atlantic: Salmonella, mounds of excrement, and hefty citations are nothing new to Jack DeCoster, whose Iowa henhouses were blamed for last month’s nationwide egg recall. DeCoster has done business in Turner, Maine, his hometown, for over 60 years—and has incurred a decades-long list of violations there. DeCoster’s history of legal cases in Maine […]
