Archive for the 'Economy' Category
Soviet Era Gas Drilling Mishap Resulted in Giant Pit That Has Been Burning Since 1971
December 28th, 2009Here’s one for your Cap and Trade file folder: More: Derweze
Arrow Trucking Company Collapses, Shuts Off Fuel Cards, Leaves Truckers Stranded Around U.S.
December 27th, 2009Commercial Farms Emerging from Detroit Ruins
December 27th, 2009I’d love to know how Hantz Farms plans on building soil structure and providing soil nutrients on this scale. Since they’re doing this in decentralized cells, maybe they can designate a property to serve as a composting facility that can generate large amounts of black gold with shorter turn around times and then distribute it, […]
China: Clean Green Apocalypse
December 27th, 2009Via: New York Times: Some of the greenest technologies of the age, from electric cars to efficient light bulbs to very large wind turbines, are made possible by an unusual group of elements called rare earths. The world’s dependence on these substances is rising fast. Just one problem: These elements come almost entirely from China, […]
Australians Rack Up Record Debt
December 27th, 2009Green shoots all around. Via: ABC: Australian households are in record levels of debt, and for the first time have surpassed American levels. Reserve bank figures show household debt – the combination of personal and mortgage debt – is equivalent to Australia’s GDP. That means every adult owes an average of $74,000. Analysts warn that […]
Chinese Economy Overtakes Japan?
December 27th, 2009Also: The World’s Largest Shopping Mall (Is Empty) Via: Telegraph: China has almost certainly overtaken Japan to become the world’s second-biggest economy after state officials dramatically upgraded their estimates for the country’s growth last year. The fast-growing emerging economy had been expected to surpass Japan next year, but the transition looks to have happened in […]
“I don’t understand how he had a valid visa if he was known on the terror watch list.”
December 27th, 2009More: Sharp-dressed man aided terror suspect Umar Farouk Abdul Mutallab onto plane without passport: A Michigan man who was aboard Northwest Airlines Flight 253 says he witnessed Umar Farouk Abdul Mutallab trying to board the plane in Amsterdam without a passport. Kurt Haskell of Newport, Mich., who posted an earlier comment about his experience, talked […]
ShadowStats.com Founder John Williams Explains the Risk of Hyperinflation
December 27th, 2009Via: Fairfield Weekly: What can we do to avoid hyperinflation? What if we just shut down the Fed or something like that? We can’t. The actions have already been taken to put us in it. It’s beyond control. The government does put out financial statements usually in December using generally accepted accounting principles, where unfunded […]
Federal War Spending Exceeds State Government Outlays
December 26th, 2009Via: Public Record: The U.S. spends more for war annually than all state governments combined spend for the health, education, welfare, and safety of 308 million Americans. Joseph Henchman, director of state projects for the Tax Foundation of Washington, D.C. says the states collected a total of $781 billion in taxes in 2008. For a […]
Fannie, Freddie: Unlimited Fail
December 25th, 2009Via: Reuters: The Obama administration pledged on Thursday to back beleaguered mortgage finance giants Fannie Mae and Freddie Mac no matter how big their losses may be in the next three years. It also jettisoned a demand that the two companies cut the size of their mortgage-related investment portfolios next year, allowing them to provide […]
