Archive for the 'Economy' Category
U.S. Navy Conceals Nuclear Weapons Production in California
March 4th, 2010I thought Pantex was the only facility where this type of work was done. If anyone is in a position to call BS on this Indymedia piece, let me know. Via: Indymedia: A U.S. nuclear weapons assembly plant in California is off limits to any kind of photography, information gathering, or reporting. Local residents are […]
Greenhouse Gas Taxes to Push Gasoline to $7 a Gallon?
March 3rd, 2010Via: New York Times: To meet the Obama administration’s targets for cutting greenhouse gas emissions, some researchers say, Americans may have to experience a sobering reality: gas at $7 a gallon. To reduce carbon dioxide emissions in the transportation sector 14 percent from 2005 levels by 2020, the cost of driving must simply increase, according […]
New Ghost Towns: Industrial Communities Teeter On The Edge
March 3rd, 2010Via: USA Today: Whether it’s textiles in the Carolinas, paper in New England or steel in the Midwest, most industrial cities and mill towns “are on pins and needles,” says Donald Schunk, an economist at Coastal Carolina University. “Day to day, week to week, any manufacturing facility seems vulnerable. People don’t know if they’ll be […]
Wall Street Journal Piece Encourages Jingle Mail
March 2nd, 2010Via: Wall Street Journal: Millions of Americans are now deeply underwater on their mortgage. If you’re among them, you need to stop living in a dream world and give serious thought to walking away from the debt. No, you shouldn’t feel bad about it, and you shouldn’t feel guilty. The lenders would do the same […]
GERMAN GOLD FOUNDRY APPARENTLY DISCOVERED A TUNGSTEN FILLED GOLD BAR THAT WAS DUE FOR MELT
March 2nd, 2010Why not name the bank that it came from? The English translation on the ProSieben video is very rough accurate. Cryptogon has many readers in Germany. I think we would all appreciate a high confidence German to English translation of what is being said in the video. Note that this is not a London Good […]
Trading Note: GBP/USD Make or Break
March 2nd, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I’m not seeing enough divergence to convince me that the British Pound is going to bounce off of that support. But, it’s a weekly support. I won’t try to call this. Too blurry. It’s just to let you know that a […]
Half the Members of an “Independent Panel” Appointed to Study the Quadrennial Defense Review Have Financial Ties to Defense Contractors
March 1st, 2010Via: USA Today: More than half of the panel members appointed to review the Pentagon’s latest four-year strategy blueprint have financial ties to defense contractors with a stake in the planning process, a USA TODAY analysis shows. Congress created the 20-member panel in 2006 to analyze the Defense Department’s four-year plan, known as the Quadrennial […]
Out of Work? U.S. Offers Lots of Lousy, Unsafe Jobs for Low Pay
March 1st, 2010Via: Bloomberg: Bend, grab head, cut through stem, unbend, shake head, bag head, put bagged head on platform. Repeat — hundreds of times. In this back-breaking way, a 31-member crew harvested 30,000 heads of Yuma, Arizona, iceberg lettuce one day in early 2008. It’s one of the stints Gabriel Thompson undertakes for “Working in the […]
JP Morgan: California Is a Greater Risk than Greece
March 1st, 2010Via: Telegraph: Jamie Dimon, chairman of JP Morgan Chase, has warned American investors should be more worried about the risk of default of the state of California than of Greece’s current debt woes. Mr Dimon told investors at the Wall Street bank’s annual meeting that “there could be contagion” if a state the size of […]
AIG Still Hemorrhaging
February 28th, 2010Via: Bloomberg: American International Group Inc. posted a wider-than-expected loss after setting aside more reserves for insurance claims and paying down bailout debts. The shares fell 10 percent in New York trading. The fourth-quarter net loss of $8.87 billion, or $65.51 a share, narrowed from $61.7 billion, or $458.99, a year earlier when AIG recorded […]
