Archive for the 'Economy' Category
Big Banks Stop Cashing California IOUs
July 13th, 2009Via: CNN: Residents have fewer places to cash in IOUs after large banks stop redeeming them. SEC warns potential buyers and sellers of possible scams. Californians have fewer places to redeem IOUs issued by the cash-strapped state. At least three major banks, Wells Fargo, JPMorgan Chase and Bank of America, stopped accepting the IOUs after […]
Crops, Ponds Destroyed in Quest for Food Safety
July 13th, 2009HAHA. If these fascists knew what we were growing our garlic in this season, their heads would explode. F*&%$#@ idiots. Via: San Francisco Chronicle: Dick Peixoto planted hedges of fennel and flowering cilantro around his organic vegetable fields in the Pajaro Valley near Watsonville to harbor beneficial insects, an alternative to pesticides. He has since […]
French Workers Threaten to Blow Up Factory
July 13th, 2009Via: Reuters: Workers at collapsed French car parts maker New Fabris threatened on Sunday to blow up their factory if they did not receive payouts by July 31 from auto groups Renault and Peugeot to compensate for their lost jobs. New Fabris was declared in liquidation in April, so the workers stand to get no […]
Jane Burgermeister Brings Criminal Charges Against Multiple Participants in the Swine Flu (H1N1) Situation
July 12th, 2009I have been quietly following developments with Jane Burgermeister and her activities in Austria and elsewhere for the last couple of weeks. I think it’s time to mention this information here. Here are some materials to bring you up to speed: Criminal Charges Concerning Bioterrorism Acts and Mass Murder written by Jane Burgermeister. (171 pages, […]
Newsweek: “Cryptogon, a blog I had never heard of with a penchant for conspiracy theories”
July 12th, 2009* snort * Via: Newsweek: GoldmanGate is certainly bringing out the inner spook in people. Over at Cryptogon, a blog I had never heard of with a penchant for conspiracy theories, the author set up a honey trap to lure web surfers trying to find the top-secret trading algorithm stolen from Goldman Sachs. By cleverly […]
Federal Reserve Warns Congress on Audit
July 12th, 2009You can really see how far gone the U.S. is when you look at this issue. Article 1 Section 8 of the U.S. Constitution states: The Congress shall have power… To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures; And look at this slop… Via: […]
Americans Swap Homes for Hotels as Recession Bites
July 12th, 2009Via: Reuters: In many cities, foreclosures are a big part of a spike in homeless and rise in families living in hotels or motels. Nearly 80 percent of homeless services providers and advocacy agencies say at least some clients became homeless as a result of a foreclosure, according to a joint report by four of […]
CIT GROUP IN TROUBLE; HIRES BANKRUPTCY FIRM
July 11th, 2009Via: Bloomberg: CIT Group Inc., the century-old lender to 950,000 businesses that has been unable to persuade the Federal Deposit Insurance Corp. to guarantee its debt sales, hired bankruptcy specialist Skadden, Arps, Slate, Meagher & Flom LLP as an adviser amid a plunge in its stock and bonds. The FDIC is concerned that standing behind […]
Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8
July 10th, 2009Via: Bloomberg: Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.” “Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and […]
After Goldman, Citadel Files Its Own Espionage Suit
July 10th, 2009Via: New York Times: Citadel Investment Group has joined the Goldman Sachs espionage potboiler with a lawsuit of its own. Citadel, one of the world’s most successful hedge fund firms, sued a former top executive in its highly successful quantitative trading unit and two others for setting up their own firm — the same firm […]
