Archive for the 'Economy' Category
What Happened to the Institute for the Study of Globalization and Covert Politics (isgp.eu)
January 17th, 2010Update: Apparently, the Site Was Taken Down Because of a Address Chance isgp.eu: January 18, 2010, To those who were concerned, As many of you noticed, ISGP has been down for a week. Eurid, located in Brussels, had withdrawn the domain because they somehow found out I wasn’t living at the registered address anymore. Don’t […]
2009 Retail Sales: Largest Drop on Record
January 15th, 2010Via: AP: Retail sales fell in December as demand for autos, clothing and appliances all slipped, a disappointing finish to a year in which sales had the largest drop on record. The weakness in consumer demand highlighted the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades. […]
Chinese Operation Against Google Involved Accessing the Firm’s Internal Intercept Systems
January 14th, 2010Via: Computer World: Drummond said that the hackers never got into Gmail accounts via the Google hack, but they did manage to get some “account information (such as the date the account was created) and subject line.” That’s because they apparently were able to access a system used to help Google comply with search warrants […]
Faber on Upcoming Sovereign Debt Crisis
January 14th, 2010Via: Yahoo Finance: After every financial crisis there’s a sovereign debt crisis, Marc Faber says. Countries that borrowed too much during the boom times start struggling to pay their competitors back, and eventually some of them default. The countries most likely to blow up this time around are the “PIIGS”: Portugal, Ireland, Italy, Greece, and […]
Dollar Crisis Looms if U.S. Doesn’t Curb Debt
January 14th, 2010What’s the problem? Can’t the Federal Reserve just keep buying up the debt? Via: Reuters: The United States must soon raise taxes or cut government spending to curb its debt, and failure to act will risk a crippling dollar crisis as investor confidence ebbs, a panel of experts said on Wednesday. “It has got to […]
Obama Regime Wants Record $708 for Defense Department, Plus $33 Billion More for War Escalation
January 14th, 2010Via: AP: President Barack Obama will ask Congress for an additional $33 billion to fight unpopular wars in Afghanistan and Iraq on top of a record $708 billion for the Defense Department next year, The Associated Press has learned – a request that could be an especially hard sell to some of the administration’s Democratic […]
Goldman Pump Fake Sachs
January 13th, 2010Captain Obvious swoops low, smiles and says, “Glad to be of service! Happy trading.” Via: New York Times: For years, Wall Street whispered that Goldman Sachs profited handsomely by trading ahead of — or even against — its own clients. On Tuesday, a Goldman executive made an unusual admission that, in some cases, the rumors […]
Move Your Money (Out of Giant Vampire Squid Banks)
January 13th, 2010Via: Move Your Money: People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions that generally avoided the reckless investments and schemes that helped cause the financial crisis. Fueled by the personal initiatives of thousands, it’s a grassroots effort that has the potential to […]
Google Considers Pulling Out of China and Will Provide Uncensored Search Results in Wake of Chinese Information Warfare Operations
January 13th, 2010Via: GoogleBlog: These attacks and the surveillance they have uncovered–combined with the attempts over the past year to further limit free speech on the web–have led us to conclude that we should review the feasibility of our business operations in China. We have decided we are no longer willing to continue censoring our results on […]
SEC Orders AIG Bailout Details Sealed Until 2018
January 13th, 2010Via: Reuters: It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group (AIG.N) because of an action taken last year by the Securities and Exchange Commission. In May, the SEC approved a request by AIG to keep secret an exhibit to a year-old regulatory […]
