Archive for the 'Economy' Category
Cliff Stearns vs. Henry Paulson
July 20th, 2009In a sane world, Paulson would be sitting in a cage and wearing an orange jumpsuit and handcuffs as he gave this testimony before congress.
Billboards Tell America to Cheer Up
July 19th, 2009Via: New Zealand Herald / AP: Some Americans put out of work by the latest recession are driving past billboards with messages like: “Interesting fact about recessions … they end.” Another reads: “Self worth is greater than net worth.” A third says: “This will end long before those who caused it are paroled.” Drivers across […]
Legal Immunity Set for Swine Flu Vaccine Makers
July 18th, 2009Swine Flu 1976 & PropagandaUploaded by Dianequiose-4. – Explore international webcam videos. Via: AP: The last time the government embarked on a major vaccine campaign against a new swine flu, thousands filed claims contending they suffered side effects from the shots. This time, the government has already taken steps to head that off. Vaccine makers […]
Senator Quashes Treasury’s Bid for Humorist
July 18th, 2009Via: The Hill: The chairman of the Senate Democratic Policy Committee quashed an effort by the Treasury Department to hire a cartoonist after the link to the job ad was posted on the Drudge Report. Sen. Byron Dorgan (D-N.D.) contacted the Treasury Department to complain after Matt Drudge’s website linked to a want ad for […]
U.S. Commercial Paper Market Collapsing
July 17th, 2009Via: Bloomberg: The U.S. commercial paper market, the cheapest source of corporate cash, is shrinking at a record pace, raising the cost of capital for borrowers from Consolidated Edison Inc. to Kellogg Co. The market for company debt due within nine months has plunged 28 percent since April 8 to $1.1 trillion, its longest and […]
Public Menace Exxon Sabotaged Oil Wells
July 17th, 2009Via: Bloomberg: Exxon Mobil Corp., the largest U.S. oil company, may be fined more than $1 billion for “malicious” sabotage of wells to prevent other producers from tapping fields it no longer wanted, the Texas General Land Office said. Jerry Patterson, commissioner of the land office that oversees oil leases that help fund Texas schools, […]
Paulson Reveals U.S. Concerns of Breakdown in Law and Order
July 17th, 2009How are those bond auctions going, Hank? Via: Independent: The Bush administration and Congress discussed the possibility of a breakdown in law and order and the logistics of feeding US citizens if commerce and banking collapsed as a result of last autumn’s financial panic, it was disclosed yesterday. Making his first appearance on Capitol Hill […]
Peak Swiss Gold Vault Space
July 17th, 2009Via: Mineweb: In a note entitled No more space for Gold Bars, Swiss news website 20 Minuten Online reports that Swiss banks are running out of secure storage space for gold bullion held by investors and institutions. Fears of hyperinflation, the economic downturn and the success of gold index funds (ETFs), which are supported by […]
Detroit Might Stop Prosecuting “Low Priority” Crimes
July 17th, 2009Via: Detroit Free Press: Low-priority crimes like breaking and entering might not be prosecuted and the conviction rates will continue to decline if the proposed budget for the Wayne County Prosecutor’s Office is approved, Prosecutor Kym Worthy told commissioners this morning. Advertisement “We can’t even cover our courtrooms anymore,” Worthy said in vehemently disagreeing with […]
Joe Biden: “We Have to Go Spend Money to Keep From Going Bankrupt”
July 17th, 2009Via: CNS News: Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money. “And folks look, AARP knows and the people with […]
