Archive for the 'Economy' Category
Comrade Simba on Fox-14
June 20th, 2010Video at the link. Via: Comrade Simba: Too bad it was only a three minute human interest story crammed in between sports and stock market crap but not bad for a brief overview. At least the dig at wal-mart got through which is the main point of what this whole homestead thing is all about. […]
Fannie and Freddie Tab is $146 Billion and Rising
June 20th, 2010Via: New York Times: Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual city with more houses than Seattle. The mortgage finance companies, created by Congress to help Americans buy homes, […]
Bank Failure Rate Double Last Year’s
June 20th, 2010Via: USA Today / AP: Regulators on Friday shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year. The 83 closures so far this year is more than double the pace set in all of 2009, which was itself a brisk year for shutdowns. By this time last year, […]
California on ‘Verge of System Failure’
June 20th, 2010Via: Globe and Mail: Arnella Sims has seen a lot in her 34 years as a Los Angeles County court reporter, but nothing like this. Case files piling up by the thousands, phones ringing off the hook, forced midweek courthouse closings and occasional brawls as frustrated citizens queue for hours to pay parking fines. “People […]
North Korea Lifts Restrictions on Private Markets as Last Resort in Food Crisis
June 20th, 2010Centralized agriculture will result in famine. Whether it’s Dear Leader or Monsanto, it’s doomed. Call it communism (which results in statist plutocracy) or capitalism (which results in corporate plutocracy), it doesn’t matter. Fascism is fascism, regardless of the mask it happens to be wearing. To understand the effects of statist plutocracy on your belly, see: […]
China Signals a Gradual Rise in Value of Its Currency
June 20th, 2010Via: New York Times: China announced on Saturday evening that it would allow greater flexibility in the value of its currency, a move that could deflect growing international criticism of its fiscal policies and defuse one of the greatest sources of tension between Beijing and Washington. The statement, by China’s central bank, was the clearest […]
Medvedev: “New World Economic Order”
June 19th, 2010Via: Bloomberg: Medvedev said he envisages a new economic hierarchy allowing emerging-market giants such as Russia and China to drive the global agenda as the world emerges from the first global recession since the 1930s. “We really live at a unique time, and we should use it to build a modern, prosperous and strong Russia, […]
Call the Politburo, We’re in Trouble
June 18th, 2010Via: Asia Times: As in the Soviet Union before its collapse, the exaltation and feeding of the military at the expense of the rest of society and the economy had by now become the new normal; so much so that hardly a serious word could be said – lest you not “support our troops” – […]
Obama Regime Moves to Finance Development of Brazil’s Tupi Offshore Oil Field
June 18th, 2010Via: Wall Street Journal: You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil. The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. […]
Qataris Raise Bet on London Real Estate
June 18th, 2010Via: Bloomberg: Qatar’s sovereign wealth fund has been buying up some of the highest quality properties in London, as the Persian Gulf country takes advantage of lower prices and the pound’s weakness to invest its gas wealth. Barwa Real Estate Co., controlled by the fund, yesterday agreed to buy Park House for 250 million pounds […]
