Archive for the 'Economy' Category
FDIC Friday: Guaranty Bank Goes Down; and a Few Others
August 22nd, 2009Via: Bloomberg: Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest bank, took over Guaranty Financial Group Inc. of Texas, the first foreign company to buy a failed U.S. bank this year as the toll of seized lenders climbed to 81. Branches of Guaranty in Texas and California tomorrow will become offices of Birmingham, Alabama-based BBVA Compass, […]
Chart of S&P 500 P/E Ratios
August 22nd, 2009Must see. Via: Chart of the Day: Today’s chart illustrates how the recent plunge in earnings has impacted the current valuation of the stock market as measured by the price to earnings ratio (PE ratio). Generally speaking, when the PE ratio is high, stocks are considered to be expensive. When the PE ratio is low, […]
Obama to Raise 10-Year Deficit to $9 Trillion
August 22nd, 2009Via: Reuters: The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday. The higher deficit figure, based on updated economic data, brings the White House budget office into line with outside estimates and gives further […]
Senator Moves to Block Medical Ghostwriting
August 21st, 2009Via: New York Times: A growing body of evidence suggests that doctors at some of the nation’s top medical schools have been attaching their names and lending their reputations to scientific papers that were drafted by ghostwriters working for drug companies — articles that were carefully calibrated to help the manufacturers sell more products. Experts […]
Demand Rises for Publicly Funded Burials
August 21st, 2009Via: USA Today: The rough economy is inflicting hardship on people even in death. Coroners and funeral directors in several cities say the number of people seeking government-paid funerals, cremations and burials is spiking. Most counties and states will use public money to cremate or bury people who are too poor to pay for private […]
California spends $216,000 annually on each inmate in the juvenile justice system. It spends $8,000 on each child attending the Oakland public school system.
August 21st, 2009I’m definitely not for the expansion of the public indoctrination and lobotomy system, but this is Batshit insanity of the highest order. Via: New York Times: It’s time for a fundamental re-evaluation of the criminal justice system, as legislation sponsored by Senator Jim Webb has called for, so that we’re no longer squandering money that […]
CIA Hired Blackwater for Assassination Program
August 21st, 2009“Blackwater is a CIA cutout that got so big that it just happened to become a household name.” —Feds Investigating Blackwater USA for Selling Weapons to Iraqi Insurgency I’ve asserted (for years) that Blackwater was a CIA contractor. Now that Blackwater’s involvement with CIA covert assassination programs has been admitted, my guess is that it’s […]
FrankenpHood Seeds Will Cost Up to 42% More
August 19th, 2009Via: Bloomberg: Monsanto Co., the world’s largest seed maker, plans to charge as much as 42 percent more for new genetically modified seeds next year than older offerings because they increase farmers’ output. Roundup Ready 2 Yield soybeans will cost farmers an average of $74 an acre in 2010, and original Roundup Ready soybeans will […]
The Fifty Top U.S. War Criminals Who Need To Be Prosecuted
August 19th, 2009Via: Public Record: Compiled below, in hopes that it may be of some assistance to Eric Holder, John Conyers, Patrick Leahy, active citizens, foreign courts, the International Criminal Court, law firms preparing civil suits, and local or state prosecutors with decency and nerve is a list of 50 top living U.S. war criminals. These are […]
Federal Reserve Running Low on Ammo
August 18th, 2009Via: Reuters: On Monday the Fed announced it had purchased another $7 billion worth of Treasuries under its quantitative easing program. Readers will recall that in last week’s FOMC statement, the Fed said it was extending the Treasury purchase program by a month, to the end of October, while maintaining its total purchase commitment of […]
