Archive for the 'Economy' Category
Gold: New Record High; Up and Out of Previous Range
June 18th, 2010Spot: $1257.76.
Cracks Show BP Battled Well Two Months Before Blast
June 18th, 2010Via: Bloomberg: BP Plc was struggling to seal cracks in its Macondo well as far back as February, more than two months before an explosion killed 11 and spewed oil into the Gulf of Mexico. It took 10 days to plug the first cracks, according to reports BP filed with the Minerals Management Service that […]
Afghan Mineral Deposits Actually Worth $3 Trillion, Not $1 Trillion
June 18th, 2010Mmm hmm. Via: Guardian: Afghanistan’s untapped mineral wealth is worth at least $3tn – triple a US estimate made this week – according to the government’s top mining official. Geologists have known for decades that Afghanistan has vast deposits of iron, copper, cobalt, gold and other prized minerals, but a US briefing this week put […]
More Than 90 Banks Miss TARP Payments
June 18th, 2010Via: Reuters: More than 90 U.S. banks and thrifts missed making a May 17 payment to the U.S. government under its main bank bailout program, signaling a rising number of lenders are struggling to meet their obligations. The statistics, compiled by SNL Financial LC from U.S. Treasury data, showed 91 banks and thrifts skipped the […]
Southwest Airlines Employee Finds Human Heads on Their Way to Fort Worth
June 18th, 2010The company that shipped the heads had its business license revoked. Is this strange? Via: NBC: A Southwest Airlines employee called police after finding human heads in a package set to be transported to a Fort Worth medical research company, the airline said. “It wasn’t labeled or packaged properly,” said Ashley Rogers, a Southwest spokeswoman. […]
New Claims for Unemployment Benefits Rise Sharply
June 17th, 2010Via: AP: The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed. Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month […]
Bank of America Ordered Traders: No Oil Deals with BP Beyond June 2011
June 16th, 2010Via: Reuters: Bank of America Merrill Lynch has ordered its traders not to enter into oil trades with BP Plc that extend beyond June 2011, a market source familiar with the directive told Reuters. The order to the bank’s traders came from a high-level executive and was made on Monday, according to a source familiar […]
Trillions in Resources & Funding Our Enemies
June 16th, 2010Via: David Degraw: Wherever there is a war, look for CIA/IMF/private military war profiteers covertly funding and supporting BOTH sides in order to keep the wars raging and the profits rolling in. As former CIA Station Chief John Stockwell explained: “Enemies are necessary for the wheels of the US military machine to turn.”
Euro Turmoil Sends Borrowers to Loonies, Francs
June 15th, 2010Via: Bloomberg: A drop in the euro to near its lowest level in four years means Canadian dollars and Swiss francs are accounting for record shares of global bond sales as investors flee turmoil in Europe’s government debt market. General Electric Co.’s financing arm has led C$5.66 billion ($5.5 billion) of bond sales this month, […]
Americans Get the Most Medical Radiation in the World
June 15th, 2010Via: AP: We fret about airport scanners, power lines, cell phones and even microwaves. It’s true that we get too much radiation. But it’s not from those sources — it’s from too many medical tests. Americans get the most medical radiation in the world, even more than folks in other rich countries. The U.S. accounts […]
