Archive for the 'Economy' Category
17.5%: A More Realistic Government Unemployment Rate
November 24th, 2009Via: CNBC: As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed. According to the government’s broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number […]
Wave of Debt Payments Facing U.S. Government
November 23rd, 2009This is the New York Times. Yes. The New York Times. I like the U.S.-as-liar-loan-home-buyer theme: “The government is on teaser rates,” said Robert Bixby, executive director of the Concord Coalition, a nonpartisan group that advocates lower deficits. “We’re taking out a huge mortgage right now, but we won’t feel the pain until later.” Via: […]
Hedge Fund Manager Who Made Billions on Real Estate Collapse Now Betting on Gold
November 23rd, 2009Via: Telegraph: Hedge fund manager John Paulson plans to invest as much as $250m (£149m) of his $6bn personal fortune in a new gold fund he is in the process of establishing. Mr Paulson, best known for making $3.7bn from bets on the collapse of the US sub-prime mortgage market, is believed to have told […]
What’s in Your H1N1 Flu Vaccine?
November 23rd, 2009Via: Straight: Chris Shaw wasn’t always skeptical about vaccines. The neuroscientist at the University of British Columbia had his teenage son vaccinated with most of the recommended shots. But then he started studying some of the ingredients commonly found in vaccines. What he discovered caused him to go cold turkey on all shots for his […]
Gold: Fresh Record High
November 23rd, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. $1164. Gold and the U.S. Dollar Index typically describe an inverse relationship. When one goes up the other usually goes down. The charts below show the U.S. Dollar Index and gold as four hour candles. I have applied a 50 period […]
VeriChip Buys Steel Vault, Creating Micro-Implant Health Record/Credit Score Empire
November 22nd, 2009Via: Bnet: VeriChip (CHIP), the company that markets a microchip implant that links to your online health records, has acquired Steel Vault (SVUL), a credit monitoring and anti-identity theft company. The combined company will operate under a new name: PositiveID. The all-stock transaction will leave PositiveID in charge of a burgeoning empire of identity, health […]
Green Shoots in Canada: Bankruptcies Soar 43%
November 21st, 2009Via: CBC: The number of bankruptcies across the country was 43 per cent higher in September than at the same point a year ago, government data shows. The latest figures provided by the Office of the Superintendent of Bankruptcy Canada show the increase is disproportionately slanted towards consumer bankruptcies over business insolvencies. The September figure […]
“The climate conference in Copenhagen is another step towards the global management of our planet.”
November 20th, 2009Global Warming “Tricks” and “Blips”
November 20th, 2009UPDATE: Searchable CRU Email Archive —End Update— Via: WattsUpWithThat: From: Phil Jones To: ray bradley ,mann@xxxxx.xxx, mhughes@xxxx.xxx Subject: Diagram for WMO Statement Date: Tue, 16 Nov 1999 13:31:15 +0000 Cc: k.briffa@xxx.xx.xx,t.osborn@xxxx.xxx Dear Ray, Mike and Malcolm, Once Tim’s got a diagram here we’ll send that either later today or first thing tomorrow. I’ve just completed […]
One in Seven U.S. Mortgages Foreclosing or Delinquent
November 20th, 2009Via: 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 process also jumped […]
