Archive for the 'Economy' Category
GM Plans 1-for-100 Reverse Stock Split
May 6th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Shorts drool and autoflagellate with anticipation. Via: AP: General Motors Corp. notified shareholders Tuesday it is planning a reverse stock split that would give them one share of new stock for every 100 shares they currently own. The automaker said in […]
N.Y. Times to File Notice It Will Close Boston Globe
May 4th, 2009Via: Washington Post: The New York Times Co. said last night that it is notifying federal authorities of its plans to shut down the Boston Globe, raising the possibility that New England’s most storied newspaper could cease to exist within weeks. After down-to-the-wire negotiations did not produce millions of dollars in union concessions, the Times […]
Merck Makes Phony Peer-Review Journal
May 4th, 2009Via: Bioethics.net: It’s a safe guess that somewhere at Merck today someone is going through the meeting minutes of the day that the hair-brained scheme for the Australasian Journal of Bone and Joint Medicine was launched, and that everyone who was in the room is now going to be fired. The Scientist has reported that, […]
China Has ‘Canceled U.S. Credit Card’
May 4th, 2009Via: AFP: China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday. China has the world’s largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars in US Treasury bonds, more than any other country. But […]
Bond Insurer Can’t Pay
May 2nd, 2009Via: Reuters: Sellers of protection on debt issued by bond insurer Syncora Holdings will need to make payments to counterparties after the company suspended claims payments, the International Swaps and Derivatives Association said on Friday. Syncora, formerly known as SCA, suspended payments at the direction of the New York Insurance Department to allow it to […]
Senator Proposes Free Flu Shots for All Americans
May 2nd, 2009Via: Reuters: A Democratic U.S. senator proposed on Friday setting up a free nationwide voluntary flu vaccination program to fend off future outbreaks of dangerous strains. With the United States on alert for more cases of the new H1N1 swine flu virus, Iowa Senator Tom Harkin said the government should include funding for free vaccines […]
Initial Oil Target
May 2nd, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. DISCLOSURE: I’m long oil. West Texas Intermediate Crude Oil, weekly interval
Flying Pigs, Tamiflu and Factory Farms
May 2nd, 2009Via: Global Research: Flying Pigs, Tamiflu and Factory Farms by F. William Engdahl If we are to believe what our trusted international media report, the world is on the brink of a global pandemic outbreak of a new deadly strain of flu, H1N1 as it has been labelled, or more popularly, Swine Flu. As the […]
Swine Flu Alert Clears Old Stock of Tamiflu
May 1st, 2009Via: What Doctors Don’t Tell You: It is almost three years since we faced the hysteria of an avian flu epidemic, when governments bought billions of dollars of Tamiflu – the same anti-viral now being promoted to combat a supposed swine flu pandemic. The shelf life of Tamiflu also happens to be three years. The […]
U.S. Will Target Opium Production in Afghanistan
May 1st, 2009What I think is happening here is that the USUK smack industrial complex has decided to drive up the street price of heroin. My theory will be confirmed if we hear that Obama’s escalation of the war in Afghanistan includes counter-narcotics operations… If heroin money is going to be used to buy U.S. Treasuries, it […]
