Archive for the 'Economy' Category
Zombies Tapped Out: Subscribers to Pay TV Services Fell for First Time Ever
August 24th, 2010Via: Investors Business Daily: The number of subscribers to cable, satellite and telecom TV services in the U.S. fell for the first time ever in the second quarter, according to research firm SNL Kagan. The U.S. multichannel TV market lost 216,000 customers last quarter, vs. a gain of 378,000 a year ago. The total number […]
States Are Out of Cash, and So Are Their Lending Programs
August 24th, 2010Via: CNN: Many state programs that help small businesses get loans they need to survive or expand are in jeopardy, victims of the economic downturn and state budget gaps. The programs — in dozens of states from Vermont to California — cost relatively little to run, are remarkably successful and create jobs. Massachusetts’ program has […]
Home Sales Plunge 27 Percent to Lowest in 15 Years; Largest Monthly Drop on Record
August 24th, 2010HAHA. The recovery is obviously accelerating! *splat* Via: AP: Sales of previously occupied homes fell to the lowest level in 15 years last month as the economy weakened. The National Association of Realtors says July’s sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million. It was the largest […]
Republican Candidate for New York Governor: Turn Prisons Into “Dormitories” for Welfare Recipients
August 23rd, 2010Via: AP: Republican candidate for governor Carl Paladino said he would transform some New York prisons into dormitories for welfare recipients, where they could work in state-sponsored jobs, get employment training and take lessons in “personal hygiene.” Paladino, a wealthy Buffalo real estate developer popular with many tea party activists, isn’t saying the state should […]
Japanese Firm Builds Small Machine that Converts Plastic Back Into Oil
August 23rd, 2010If there’s electricity around… I know! How about converting U.S. aircraft carriers into massive trash barges to clean up the Pacific Trash Vortex. Those aircraft carriers run on nuclear power so there should be plenty of juice on board for turning that stuff back into oil. Just a bit more comedy on Cryptogon this morning… […]
Philadelphia Requires Bloggers to Pay $300 for Business License (Not The Onion)
August 23rd, 2010Via: NBC: Taking a step closer to an eerie Orwellian state where creativity is crushed in the name of “the greater good,” the city of Philadelphia is demanding that bloggers pay $300 for the privilege of writing on the Internet. This $300 “business privilege license” is for all local bloggers – even the ones that […]
Tony Robbins Issues Financial Collapse Warning
August 23rd, 2010Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: My Commentary Is Off Topic I don’t know what came over me with the commentary below about my absurd attempt to make it as a real estate agent. Robbins’ voice is powerfully associated with my grim End Day experience in […]
Commander’s Guide to Money as a Weapons System
August 23rd, 2010In short, get the target population hooked on money by associating the basics of human existence (which we have destroyed) with money. Sound familiar? Via: U.S. Army Combined Arms Center – Center for Army Lessons Learned / Hosted at Cryptome: Warfighters at brigade, battalion, and company level in a counterinsurgency (COIN) environment employ money as […]
Gene Burnett – Jump You F*#kers (A Song For Wall Street)
August 22nd, 2010Research Credit: Carol
Hardship Withdrawals from 401(k) Retirement Plans Rose to Highest Level in Decade
August 22nd, 2010Via: CNN: Hardship withdrawals from 401(k) retirement saving plans rose to the highest level in 10 years during the second quarter, Fidelity Investments said on Friday, in the latest sign of a dismal economy. Fidelity reported that, as of the second quarter, 2.2% of all 401(k) participants had made a hardship withdrawal at some point […]
