Archive for the 'Economy' Category
IMF Executive Board Approves Ten Fold Expansion of Fund’s Borrowing Arrangements Related to Financial Crisis Management
April 13th, 2010Can you feel the Recovery? Via: IMF: The Executive Board of the International Monetary Fund (IMF) today approved a ten-fold expansion of the Fund’s New Arrangements to Borrow (NAB) and the transformation of the Fund’s premier standing credit arrangement into a more flexible and effective tool of crisis management. The NAB will be increased by […]
Britain Is In A Far Worse Financial Crisis Than Many Realise
April 13th, 2010Via: Independent: In the past week our politicians have put on their most serious faces and addressed the economy. They have got into a wrangle about National Insurance contributions. Labour wants to increase them; the Tories don’t. A lot of heat has been generated, much ink spilt. What it suits none of them to tell […]
Toxic Beef, Rejected by Mexico, Sold in U.S.
April 13th, 2010Via: USA Today: Beef containing harmful pesticides, veterinary antibiotics and heavy metals is being sold to the public because federal agencies have failed to set limits for the contaminants or adequately test for them, a federal audit finds. A program set up to test beef for chemical residues “is not accomplishing its mission of monitoring […]
The World’s Biggest Arms-Makers
April 13th, 2010I guessed that the top spot would be held by Lockheed, and by a large margin. Nope. Via: Economist: BAE Systems, a British firm, took the top spot as the world’s largest arms manufacturer in 2008. This is largely because the company has pursued a strategy of expanding the American side of its business in […]
Washington Mutual Created ‘Mortgage Time Bomb’
April 13th, 2010Perhaps the Racketeer Influenced and Corrupt Organizations Act should be related reading for this story: The Racketeer Influenced and Corrupt Organizations Act (commonly referred to as RICO Act or RICO) is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an […]
Lehman Channeled Risks Through Cutout
April 13th, 2010Some of this, the MO in particular, will seem very familiar to long time Cryptogon readers… Via: New York Times: It was like a hidden passage on Wall Street, a secret channel that enabled billions of dollars to flow through Lehman Brothers, Louise Story and Eric Dash write in The New York Times. In the […]
The Cove
April 12th, 2010I just saw The Cove. It’s worth a look on several levels. On the DVD, the “extra features” are really good too—must see for anyone who eats larger, predatory fish. Hint: You’re poisoning yourself.
Newstralia?
April 11th, 2010You laugh, but: Common Border for Australia and New Zealand. Via: BBC: That subject turns out to be the suicide of New Zealand. No not suicide in New Zealand but a proposal to cash in the country’s independence and become instead, the seventh state of the Australian commonwealth. An opinion poll has suggested that no […]
Occupied Washington DC
April 11th, 2010Via: After Downing Street: As a visitor to our nation’s capital, I cannot tell you how disconcerting it is to step off the metro and find yourself face to face with a F-35 fighter jet. Where you would normally expect to find ads for cell phones or museum exhibitions, Washington’s subway, the second busiest in […]
Hostages Say Chiquita Funded Death Squads
April 10th, 2010Flashback: Lawyer for Chiquita in Colombia Death Squad Case May be Next U.S. Attorney General Via: Courthouse News Service: Three U.S. citizens were held hostage by a Colombian death squad for 5 years, and one was murdered, while Chiquita Brands International gave the terrorists weapons and millions of dollars in “protection payments,” the former hostages […]
