Archive for the 'Economy' Category
Goldman Sachs Executive to Advise Head of Canada’s Central Bank, a Former Goldman Sachs Executive
July 6th, 2010Mmm hmm. Via: Bloomberg: The chief executive of Goldman Sachs Canada has been named a special adviser to the head of Canada’s central bank. The Bank of Canada said Tuesday that Timothy Hodgson will advise central bank head Mark Carney, a former Goldman Sachs executive, on financial reform. Carney says Hodgson is one of Canada’s […]
“When your teeth are broken you will leave, just as the British left before you”
July 6th, 2010Via: New Statesman: As Washington and London struggle to prop up a puppet government over which Hamid Karzai has no control, they risk repeating the blood-soaked 19th-century history of Britain’s imperial defeat. … nearly ten years on from Nato’s invasion of Afghanistan, there are increasing signs that Britain’s fourth war in the country could end […]
A Market Forecast That Says ‘Take Cover’
July 6th, 2010WARNING: This isn’t a recommendation to buy, sell or hold any financial instrument. I don’t see how anyone making predictions like this can, at the same time, be telling people to buy into confetti paper/promises to pay, but, for whatever it’s worth, here you go. Via: New York Times: WITH the stock market lurching again, […]
Coast Guard Bans Reporters from Oil Cleanup Sites
July 6th, 2010Flashback: U.S. COAST GUARD THREATENED CBS NEWS CREW WITH ARREST FOR FILMING OIL SPILL DISASTER; COAST GUARD SAID THAT THEY WERE ACTING UNDER AUTHORITY OF BRITISH PETROLEUM; “THIS IS BP RULES. IT’S NOT OURS.” Via: Raw Story: Journalists who come too close to oil spill clean-up efforts without permission could find themselves facing a $40,000 […]
Investors Fear Rising Risk of U.S. Regional Defaults
July 6th, 2010There is a lot of creaking and hull popping on the way to Davy Jones’ Locker. Via: Financial Times: Investors are worried that the risk of default for US local governments is growing, amid signs that some regions are facing the same type of difficulty in curbing pension and budget deficits as some eurozone countries. […]
INDU Chicken Entrails
July 6th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I would expect a bit of a sucker bounce (probably not breaking 10K again), followed by the next leg down. Next INDU target 9375. Again, expect a sucker rally first. Via: CNBC: The Dow Jones Industrial Average is repeating a pattern […]
It’s Starting to Feel Like 1932
July 6th, 2010In other news, Mercedes-Benz sales up 13 percent on year in June: Sales of Mercedes-Benz cars were up 13.2 percent in the year to June as strong demand for the premium brand in China and the United States helped drive growth, parent company Daimler AG said Monday. Mercedes-Benz sold 113,300 cars worldwide last month, making […]
Why Morning People Rule the World
July 6th, 2010Via: London Evening Standard: We are all morning or evening people. Scientists have established that our genes dictate around half of what they call our “chronotypes” — our natural preference for certain times of the day. Evolution has produced a range of humans capable of being alert to danger at every hour of the day. […]
BP Remains Key Pentagon Fuel Supplier
July 5th, 2010So it goes… Via: AFP: Despite its role in the Gulf of Mexico oil spill, energy giant BP remains a key supplier of fuel to the Pentagon, The Washington Post reported. Citing data from the Defense Logistics Agency, the newspaper said BP had contracts with the US Defense Department worth at least 980 million dollars […]
Schwarzenegger Orders Minimum Wage for State Workers
July 2nd, 2010Via: Sacramento Bee: The Schwarzenegger administration today ordered State Controller John Chiang to reduce state worker pay for July to the federal minimum allowed by law — $7.25 an hour for most state workers. The instructions from the Department of Personnel Administration exclude roughly 37,000 state workers in six bargaining units that recently came to […]
