Archive for the 'Economy' Category
PayPal Apologizes to Cryptome
March 16th, 2010Via: Cryptome: From: “Muller, John” jmuller[at]paypal.com To: “cryptome[at]earthlink.net” cryptome[at]earthlink.net Date: Mon, 15 Mar 2010 16:29:17 -0700 Subject: PayPal Dear Mr. Young: I wanted to reach out and apologize for PayPal’s restriction of Cryptome’s account. As the head of PayPal’s legal department, I am responsible for the policies that govern the use of our service. While […]
The Lehman Brothers Swindle
March 15th, 2010Yet Another Bubble: Trade sK0oL Loans
March 15th, 2010Via: New York Times: One fast-growing American industry has become a conspicuous beneficiary of the recession: for-profit colleges and trade schools. At institutions that train students for careers in areas like health care, computers and food service, enrollments are soaring as people anxious about weak job prospects borrow aggressively to pay tuition that can exceed […]
Lehman’s $50 Billion Conjuring Trick
March 15th, 2010Via: Times Online: In May 2008, as the world span towards the worst financial crisis in living memory, Matthew Lee, a senior vice-president at Lehman Brothers, the American investment bank, decided to make a stand. After 14 years with the firm, the New York-based Edinburgh University graduate was convinced the bank was heading for disaster. […]
Social Security to Start Cashing Uncle Sam’s IOUs
March 14th, 2010Via: AP: The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration. It’s time to start cashing them in. For more than two decades, Social Security collected more money in payroll taxes […]
The EverBank Gold Story
March 13th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Disclosure: I have no relationship with EverBank. Dozens of blogs are reporting that EverBank has changed the terms and conditions with regard to their Non-FDIC Insured Metals Select product. The typical way that stories like this work is that one goldbug […]
Five Creepy Ways Video Games Are Trying to Get You Addicted
March 12th, 2010Via: Cracked: Are some games intentionally designed to keep you compulsively playing, even when you’re not enjoying it? Oh, hell yes. And their methods are downright creepy. Related: The Future Where Soda Cans Have Screens Research Credit: ltcolonelnemo
Too Many Women Dying in U.S. While Having Babies
March 12th, 2010Via: Time: Amnesty International may be best known to American audiences for bringing to light horror stories overseas such as the disappearance of political activists in Argentina or the abysmal conditions inside South African prisons under apartheid. But in a new report on pregnancy and childbirth care in the U.S., Amnesty details the maternal health […]
Mass School Closures Approved in Kansas City
March 11th, 2010Via: AP: The Kansas City school board narrowly approved a plan Wednesday night to close nearly half the district’s schools in a desperate bid to avoid a potential bankruptcy. The board voted 5-4 after parents and community leaders made final pleas to spare the schools even as the beleaguered district seeks to erase a projected […]
Another Deficit Record Set in February
March 11th, 2010Via: AP: The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year. The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last […]
