Archive for the 'Economy' Category
The Next Leg Of The Housing Crisis In Five Simple Charts
February 2nd, 2010Via: ZeroHedge: Below are 5 simple charts the highlight just how precarious the housing situation in the U.S. is, and how likely the second, and probably much more fierce, leg down in the markets is going to be. A bearish report by CIBC 1captures precisely the highly unstable system that U.S. housing has become, and […]
City of L.A. Wants Construction of New Buildings to Include Catchment Systems to Handle Toxic Runoff During Rain Storms
February 2nd, 2010What is happening to the millions of people who are breathing the air that’s carrying all the pollutants that are winding up in the toxic runoff? This is the Los Angeles Times from 2002: A report by a Washington, D.C., environmental group says that children in California are at greater risk of contracting cancer from […]
Pentagon Black Budget Sees Year Over Year Record Funding; Tops $56 Billion
February 2nd, 2010More Change. Via: Wired: The Defense Department just released its king-sized, $708 billion budget for the next fiscal year. Much of the proposed spending is fairly detailed — noting exactly how many helicopters the Pentagon plans to buy and how many troops it plans on playing. But about $56 billion goes simply to “classified programs,” […]
Obama Budget Seeks More Money for Nuclear Weapons
February 2nd, 2010Even I never thought Change we can believe in would include the biggest increase in nuclear weapons related activities since the, “Early years of Ronald Reagan.” Via: Canadian Press: President Barack Obama is seeking increased funding for nuclear weapons research and security next year, even as his administration has pledged to reduce the world’s stockpile […]
The Fed as Giant Counterfeiter
February 2nd, 2010Via: Ludwig von Mises Institute: San Jose State economics professor Jeffrey Rogers Hummel tells all his students that the easiest way to understand the Federal Reserve is to think of it as a giant, legalized counterfeiter. I had always known that the Fed and other central banks were like counterfeiters, but I still thought that […]
CIA Officers Working for Private Corporations
February 2nd, 2010Related: They Made a Killing: The Use of Knowledge of Covert Operations in the Stock Market Via: Politico: In the midst of two wars and the fight against Al Qaeda, the CIA is offering operatives a chance to peddle their expertise to private companies on the side — a policy that gives financial firms and […]
Deficit Balloons Into National Security Threat
February 1st, 2010Via: Wall Street Journal: The federal budget deficit has long since graduated from nuisance to headache to pressing national concern. Now, however, it has become so large and persistent that it is time to start thinking of it as something else entirely: a national-security threat. The budget plan released Monday by the Obama administration illustrates […]
Jim Cramer: Illuminati Not That Bad
February 1st, 2010It’s the usual nonsense for the first couple of minutes, but then, “And you know what, the Bavarian Illuminati, the Trilateral Commission, Goldman Sachs and the Queen of England are not all bad.”
Genetically Modified Forest Planned for U.S. Southeast
February 1st, 2010Via: Scientific American: Genetic engineering is coming to the forests. While the practice of splicing foreign DNA into food crops has become common in corn and soy, few companies or researchers have dared to apply genetic engineering to plants that provide an essential strut of the U.S. economy, trees. But that will soon change. Two […]
Airstrip Built at Zimbabwe Diamond Field
February 1st, 2010Via: Telegraph: A secret airstrip is being built in a diamond field illegally seized by the Zimbabwean army 14 months ago which would enable clandestine weapons shipments. Diplomats and analysts believe that the mile-long runway is intended for arms shipments, probably from China, for which troops loyal to President Robert Mugabe would pay on the […]
