Archive for the 'Economy' Category
Fed Set to Downgrade Outlook for U.S.?
August 9th, 2010Additionally, Bloomberg is running some chatter about the Fed possibly having to buy up more debt directly: Gold may climb in London on increased demand for a protector of wealth as the dollar weakens and on speculation that the Federal Reserve will step up buying of bonds to prop up the U.S. economy. Via: Financial […]
TheAntiTerrorist on The Big Business of Being Behind Bars
August 9th, 2010Via: TheAntiTerrorist: Related: Land Of The Free: Never In The Civilized World Have So Many Been Locked Up For So Little
The Ministry of Oil Defense
August 6th, 2010The article opens with: It’s not polite to say so, but if Americans understood just how many trillions their military was really spending on protecting oil, they wouldn’t stand for it. Oh really? How Many Millions are in a Trillion? from Econ4U on Vimeo. Tell us all another one about what “Americans” won’t stand for. […]
Telling Swiss Secrets: A Banker’s Betrayal
August 6th, 2010Via: Global Post: It’s the inner sanctum of Swiss banking — the heavily-guarded nexus between numbered Swiss bank accounts and their owner’s good names — and it’s the rare American that is allowed entry. Bradley Birkenfeld was one of the few Americans who held the keys to the kingdom. A Boston-born, high-flying, cross-border banker at […]
Wheat Heads for Biggest Gain in Half a Century on Export Bans
August 6th, 2010Via: Bloomberg: Wheat headed for the biggest weekly gain in half a century on concern other countries may follow an export ban by Russia, and may reach $10 a bushel, a price not seen since the global food crisis in 2008. Russian Prime Minister Vladimir Putin said Kazakhstan and Belarus should also suspend shipments as […]
Irish Unemployment Reaches 13.7 Percent, 16-Year High
August 6th, 2010Via: Bloomberg: Ireland’s unemployment rate has reached a 16-year high of 13.7 percent as idle university students and laid-off professionals joined the welfare lines, the Central Statistics Office reported Thursday. Economists said July’s rise from the previous monthly rate of 13.4 percent was sharper than expected. The government said it reflected, in part, a surge […]
New Jersey City Prepares to Shut Down Library System
August 6th, 2010Via: Philadelphia Enquirer: Camden is preparing to permanently shut its library system by the end of the year, potentially leaving residents of the impoverished city among the few in the United States unable to borrow a library book free. At an emotional but sparsely attended meeting of the library board Thursday, its president, Martin McKernan, […]
U.S. Government Funding Program to Train Foreign Workers So American Firms Can Outsource Jobs
August 5th, 2010In other news: The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday. Via: Information Week: Federally-backed program aims to help outsourcers in South Asia become more fluent in areas like Java programming—and the English […]
WHEAT HALTED; RUSSIA IMPOSES EXPORT BAN
August 5th, 2010In other news, Speculators Rediscover Agricultural Commodities. Via: Reuters: Chicago wheat markets jumped 8 percent to near two-year highs on Thursday, twice triggering trading curbs to restore order before easing back after Russia said it would temporarily halt grain exports. Russia’s worst drought on record has devastated crops in parts of the country and sent […]
Cisco’s Sub Second Melt Up and Identifying Crop Circles in the High Frequency Market Data
August 5th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Last week, Cisco (CSCO) was halted because the new “circuit breaker” rule kicked in. The price had moved more than 10% in five minutes (ABC/Reuters): Trading in Cisco Systems Inc shares was briefly halted on Thursday after triggering a circuit breaker. […]
