Archive for the 'Economy' Category
North Korea Implements 100 to 1 Reverse Split on Currency
December 2nd, 2009When a medium of exchange isn’t tied to anything but the whims of psychopaths, this kind of thing is the inevitable result. Thank you, Dear Leader. Via: Telegraph: In an alleged bid to curb inflation and suppress its growing black market, North Korea implemented a currency revaluation on Monday, according to Yonhap, the South Korean […]
State of Texas Saving Newborn DNA Samples
December 2nd, 2009Via: KXAN: When Andrea Beleno was expecting her first child, she never dreamed his blood would become the focus of a federal lawsuit. Neither did the other families who are suing the State of Texas to protect the medical privacy of their children. Each year, more than 400,000 babies are born in Texas. State law […]
Why Bank Of America Fired Me
December 2nd, 2009Bankers Arming Themselves
December 1st, 2009Big deal. These corporations control the U.S. Military. Have a nice day. Via: Bloomberg: “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a […]
Gold: Fresh Record High
December 1st, 2009Via: Bloomberg: Gold prices topped $1,200 an ounce for the first time as the slumping dollar spurred investor demand for an inflation hedge. Silver and palladium futures jumped to 16-month highs.
The Real Unemployment Rate in the U.S. is Now 22%
December 1st, 2009Via: Layoff List: The media and government officials often tout the unemployment rate using the official, or U3 rate, which stands at 10.2% for October. While 10.2% unemployment is certainly bad enough – it’s the highest rate nationally excluding 1983s 10.8% – it pales when compared to the U6 unemployment rate. First let’s discuss the […]
Stealth Starbucks Experiment Flops
December 1st, 2009HA. Via: Reuters: Apparently the experiment isn’t working. A former Starbucks insider said that Seattle’s 15th Ave. Coffee and Tea – the first of the new not Starbucks stores (its website, by the way, is called www.streetlevelcoffee.com) – is doing only a third of the business of the regular green-logoed Starbucks store that used be […]
Morgan Stanley Fears UK Sovereign Debt Crisis in 2010
December 1st, 2009Via: Telegraph: Britain risks becoming the first country in the G10 bloc of major economies to risk capital flight and a full-blown debt crisis over coming months, according to a client note by Morgan Stanley. The US investment bank said there is a danger Britain’s toxic mix of problems will come to a head as […]
U.S. Antitrust Investigation of Monsanto
November 30th, 2009Oh sure. Obama Chooses Monsanto Creature, Tom Vilsack, for Secretary of Agriculture Obama Chooses Former Monsanto Lobbyist for Food Safety Post Has anyone tried to calculate how much public money Monsanto winds up with each year due to corrupt, broken and bat shit insane agricultural subsidies? I’d guess that the answer to that question would […]
U.A.E. Removes Sunday London Times From Newsstands
November 30th, 2009* chortle * Via: Wall Street Journal: The Sunday London Times newspaper was removed by authorities from shelves in the United Arab Emirates on Sunday amid intensive reporting of Dubai’s debt problems, an executive at the paper said. The National Media Council ordered the paper blocked by distributors without providing a reason, an executive at […]
