Archive for the 'Economy' Category
Kucinich: The Truth About Afghanistan
December 11th, 2009Australian Senator: Contingency Plan Needed for Possible “Economic Armageddon”
December 11th, 2009They’re talking about him like he’s some sort of conspiracy theorist blogger. *snort* Via: Brisbane Times: THE OPPOSITION finance spokesman, Barnaby Joyce, believes the United States government could default on its debt, triggering an ”economic Armageddon” which will make the recent global financial crisis pale into insignificance. Senator Joyce said yesterday he did not mean […]
The $700 Billion Man: Paulson’s Creature Bugs Out to Wilderness Cabin
December 10th, 2009Via: Washington Post: He wears no coat though it’s freezing, shines no light though it’s near midnight, carries no shotgun though he’s tramping on the pine-needled tracks of black bears. He wants to be lost in these woods. “Come on, you bums,” Neel Kashkari calls to his dogs, two giant Newfoundlands. “Boys, let’s go.” He […]
South African Gold Output Continues to Decline
December 10th, 2009Via: Mineweb: South African gold output fell 5.8 percent in volume terms and total mineral production dropped 8.5 percent in October compared with the same month in the previous year, official data showed on Thursday. Production of non-gold minerals declined 8.9 percent, Statistics South Africa said on its website www.statssa.gov.za (Reporting by Muchena Zigomo)
The Devil and Mr. Obama
December 10th, 2009My dismissive contempt for anyone who buys into the “political process” in the U.S. has drained my bile on this issue. I just can’t get worked up over it anymore. I try to huff and puff and grit my teeth, but then all that comes out is, “Forget it. Hell is dealing with true believers.” […]
China’s Empty City
December 10th, 2009Related: The World’s Largest Shopping Mall — Is Empty
22 Stories Underground: Iron Mountain’s Experimental Room 48
December 9th, 2009Definitely DO NOT miss the image gallery that goes along with this story. Via: Computerworld: Down a road that winds through the rolling hills of western Pennsylvania, just across from a cow pasture, the bucolic scenery of Butler County is interrupted by a high chain-link fence topped with razor wire. Cars entering the compound are […]
Downgrade for Rabobank
December 9th, 2009Via: New Zealand Herald: Ratings agency Standard and Poor’s has downgraded its outlook for Rabobank’s AAA credit rating to negative from stable because of the group’s lower earnings in the first half of 2009, partly due to loan losses in Ireland and the Netherlands. The downgrade in the outlook also affects the Dutch bank’s Australian […]
U.S. Already $292 Billion in the Red This Year
December 9th, 2009Via: Reuters: The U.S. government racked up a gaping shortfall in the first two months of this fiscal year after posting a record budget deficit last year, congressional analysts said on Friday. In October and November, the government spent $292 billion more than it took in, the nonpartisan Congressional Budget Office said. That was even […]
Collapse In Tax Withholdings Refutes Improvements In Either Unemployment Or Corporate Profitability
December 9th, 2009Via: Zero Hedge: Even as the BLS and the administration are trying to cover up the real state of unemployment affairs using assorted semantic gimmicks of just what it means to be unemployed, and as companies provide adjusted EPS numbers, while actual earnings continue to collapse, the true barometer of spending, provided by the Financial […]
