Archive for the 'Economy' Category
Mob Connected New York City Building Officials Taking Bribes at Construction Sites, Dealing Drugs
September 8th, 2009Fuggetaboutit. Via: New York Post: AT LEAST six city building inspectors — some with ties to a powerful crime family — were videotaped taking bribes at construction sites, and some were seen dealing cocaine and prescription pills while on duty, The Post has learned. The corrupt Department of Buildings workers — who lined their pockets […]
U.S. Alone Responsible 68.4% of Global Arms Sales
September 8th, 2009Green shoots… a missile? Via: New York Times: Despite a recession that knocked down global arms sales last year, the United States expanded its role as the world’s leading weapons supplier, increasing its share to more than two-thirds of all foreign armaments deals, according to a new Congressional study. The United States signed weapons agreements […]
Green Shoots: Employers’ Hiring Plans at Lowest Level in the History of Manpower’s Employment Outlook Survey
September 8th, 2009Via: Market Watch: Employers’ hiring plans for the upcoming fourth quarter dropped to their lowest level in the history of Manpower’s Employment Outlook Survey, which started in 1962. A net -3% of employers said they’ll hire in the fourth quarter, down from -2% in the third quarter, on a seasonally adjusted basis, according to the […]
Cayman Islands Heads for Bankruptcy
September 8th, 2009How about if they just tax the money related to the drug trade? *wink* Via: Guardian: The white sands of Seven Mile Beach on Grand Cayman have long caressed the toes of the world’s wealthiest financiers, who flock to this balmy spit to avoid the taxman’s prying eyes. But the world’s biggest hedge-fund venue and […]
UN Wants New Global Currency to Replace Dollar
September 8th, 2009Around 70.79, two doors emerge: Behind Door #1: The dollar will stage a massive rally/dead cat bounce/short squeeze from Hell. (Don’t ask me how this would happen.) Behind Door #2: A wildcard event; a system transformation. System transformation is lingo from International Relations. It means paradigm change; a break from past normative assumptions about the […]
Gold Rallies to 18-Month High on Dollar’s Weakness, Inflation
September 8th, 2009Via: Bloomberg: Gold rose to the highest price since March 2008, passing $1,000 an ounce, while silver climbed to a 13-month high as a weaker dollar and concern that inflation may accelerate boosted the appeal of precious metals. Bullion for immediate delivery surged to $1,007.70 in London, taking this year’s increase to 14 percent. Gold, […]
Quick Note on Gold
September 8th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. UPDATE: USDX Prints 77.22 Intraday *SPLAT* Next leg down. UPDATE: USDX Prints 77.46 Intraday Gold longs, I’d strongly consider some defensive September and/or October puts on GLD with that major resistance overhead at $1032. To those of you who are going […]
The Fall of Lehman Brothers
September 7th, 2009Via: Independent: It is time to “spray foam on the runway”, Tim Geithner told his sleep-deprived officials on Sunday afternoon. Lehman was going to crash. … The best defence of the decision to let Lehman fail is that it shocked Congress into providing funds to recapitalise the banking system – something it might not have […]
U.S. Considering $10 “Tourist Fee” to Pay for Promoting Tourism
September 7th, 2009Via: Gadling: A proposal currently under consideration in the U.S. Congress may soon charge visitors to the United States a $10 entry fee. The fee will go into a fund used to pay for promoting tourism. By now, I can imagine you are laughing about this (unless you don’t live in the U.S.). The concept […]
Go Long the Death Bonds: Wall Street to Securitize Life Insurance Policies That Elderly People Sell for Cash
September 6th, 2009The purpose of expanding the regulatory machinery is to facilitate even vaster amounts of fraud. This is what happens when big organizations fail, but aren’t allowed to die. A small number of people makes off with unthinkable amounts of plundered money—and then the government gets bigger! The people who are left walking funny at the […]
