Archive for the 'Economy' Category
2009 Airline Revenue: Worst Drop Ever
January 21st, 2010Via: CNN: The airline industry suffered its largest drop ever in passenger revenue last year as a weak economy grounded many would-be travelers, an industry group said Wednesday. The Air Transport Association of America said total passenger revenue for the major U.S. carriers fell 18% in 2009 versus the year before. It was the largest […]
Democrats Propose $1.9 Trillion Increase in Debt Limit
January 21st, 2010Must See: In 2009, the Federal Reserve Bought 80% of U.S. Debt?! Via: AP: Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion. The unpopular legislation is needed to allow the federal […]
FBI Sting Nets 22 Executives Charged with Paying Bribes Abroad
January 20th, 2010When arms companies do this inside the U.S., it’s called lobbying. In other news: Bribes Represent Almost One Quarter of Afghanistan’s GDP. Will the FBI arrest the people responsible for installing the crooked Afghan regime? Via: Christian Science Monitor: Twenty-two executives at military and law-enforcement supply companies have been arrested in a sting operation by […]
Google Postpones Release of Android Phones in China
January 20th, 2010Via: BBC: Google says it has postponed the launch of two Android based mobile phones in China following a dispute with the government over censorship. The formal launch was due to take place on Wednesday, a spokesperson said. The announcement came as the Chinese government said Google and other foreign firms must obey the country’s […]
Can You Do This With Your Tap Water?
January 19th, 2010Via: GaslandMovie: CAN YOU DO THIS WITH YOUR TAP WATER? from JOSHFOX on Vimeo. When filmmaker Josh Fox discovers that Natural Gas drilling is coming to his area—the Catskillls/Poconos region of Upstate New York and Pennsylvania, he sets off on a 24 state journey to uncover the deep consequences of the United States’ natural gas […]
Haiti: Dubya and Clinton to the Rescue?
January 19th, 2010Japan Airlines Files for Bankruptcy Protection
January 19th, 2010Via: AP: Japan Airlines filed for bankruptcy Tuesday in one of the nation’s biggest corporate failures ever, entering a restructuring that will shrink Asia’s top carrier and its presence around the world. Staggering under a $25.6 billion debt mountain, the carrier applied for protection from creditors under the Corporate Rehabilitation Law — Japan’s version of […]
One in Seven U.S. Mortgages In Foreclosure or Delinquent
January 19th, 2010Green shoots. Recovery. Via: Reuters: A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best. U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure […]
Former Morgan Stanley Infrastructure and Energy Specialist, Who Was Also Director of Private-Equity Firm EQT Partners, Found Dead in Back of Delivery Van in Munich
January 18th, 2010Via: Bloomberg / Business Week: A director of private-equity firm EQT Partners AB who previously worked for Morgan Stanley may have been murdered as he was trying to sell his Audi A8 luxury sedan, Munich police said. Dirk von Poschinger-Camphausen, 36, was killed by 10 to 13 gunshots, detective Markus Kraus said at a press […]
Companies Building Credit Profiles Based on Twitbook Traffic?
January 17th, 2010Not The Onion. Via: creditcard.com: You probably don’t analyze the chatter or quality of your social media connections, but creditors may be doing just that. In their quest to identify creditworthy customers, some are tapping into the information you and your friends reveal in the virtual stratosphere. Before calling the privacy police, though, understand how […]
