Archive for the 'Economy' Category
Is the U.S. Economy Headed for a “Sudden Stop” Event?
October 2nd, 2009Must read. (Full text below.) Via: Reuters: October 2nd, 2009 Why gold if deflation is the threat? Posted by: Rolfe Winkler Alice Schroeder wrote a great column for Bloomberg yesterday that I’m just getting to. The best stuff comes at the end, where she describes why some people are buying gold even though inflation doesn’t […]
Back to Bonds; Yields Tank
October 2nd, 2009Via: Los Angeles Times: Money is pouring into Treasury bonds today, driving yields sharply lower as investors start the fourth quarter with another rush into what they perceive to be safe. The yield on the 10-year T-note plummeted to 3.20% by about 12:20 p.m. PDT, down from 3.30% on Wednesday and the lowest since May. […]
Dutch Bank DSB Denies Problems After Head of a Mortgage Foundation Tells Customers to Pull Funds ASAP; Bank’s Site Down, Alledgedly Due to Hackers
October 2nd, 2009Via: Reuters: Dutch bank DSB dismissed calls from a mortgage foundation on Thursday for customers to withdraw their money and denied there was a run on the bank. “There are no mass numbers of people taking away their money,” DSB spokesman Klaas Wilting said following remarks by Pieter Lakeman, chairman of the Stichting Hypotheekleed, in […]
Just Get Your Damn Vaccine
October 1st, 2009U.S. Senate OKs One Month Emergency Extension of Federal Government Funding Levels
October 1st, 2009Via: Dow Jones: Facing a midnight deadline, the U.S. Senate Wednesday approved an emergency one-month extension of current funding levels for the federal government. The extension is necessary because lawmakers have been unable to complete work on the 12-must pass spending bills required to keep the various arms of the federal government running each year. […]
G.M. to Close Down Saturn Division
October 1st, 2009Via: New York Times: General Motors said Wednesday that it would shut down its Saturn division by next year after Roger Penske abruptly cut off talks to acquire the brand. The Penske Automotive Group said it could not proceed with the deal because another auto manufacturer, which it did not identify, said it would not […]
American Police Force Story Getting Stranger
September 30th, 2009I really expected this story to die out and blow away pretty fast. Boy, was I wrong. It’s getting weirder by the day. I’ll start posting interesting information on main American Police Force story.
North Carolina: Panhandling Permits
September 29th, 2009Via: WRAL: During the down economy, panhandling-related offenses are on the rise in Raleigh. So far this year, police have arrested 212 people on charges, such as panhandling without a permit, loitering and pedestrian interference. During the same time last year, 162 people had been arrested. Martin Sansalone said he knows how to panhandle within […]
When Farming Is Just About Money: New Zealand’s Biggest Dairy Farmer Allows Calves to Starve to Death
September 29th, 2009If you’re outside of New Zealand, chances are that this isn’t all over your mainstream media. In New Zealand, this is a very big story. Anytime food production is turned into an industrial process that involves commoditization and absurd commitments to international bankers, there are going to be atrocities. Predictably, much of the outrage is […]
Bank of England Calls Emergency Meeting Over Sterling
September 28th, 2009Via: Telegraph: The Bank of England has summoned the City’s leading economists to an unprecedented meeting in Threadneedle Street, as the pound plunges amid growing confusion over its radical Quantitative Easing (QE) policy. The Bank will host a seminar of all London’s major economists next Tuesday – the first time it has invited them in […]
