Archive for the 'Economy' Category
U.S. House to Explore Financial Crisis Prosecutions
March 12th, 2009No, it’s not comedy hour here on Cryptogon… Somewhere, however, Hank Paulson is laughing his ass off. Via: Reuters: The U.S. House Financial Services Committee will hold a hearing next week to ask key justice officials and regulators what they need to prosecute wrongdoers in the financial crisis, the chairman of the committee said on […]
Chicago Area Foreclosures Skyrocket 72 Percent
March 12th, 2009Via: CBS2Chicago: New measures by the federal government to help struggling homeowners start soon, but not fast enough for a growing number of families in the Chicago area. New figures indicate that 290,000 properties around the country were hit with foreclosure notices in February, up 6 percent from January and 30 percent from the same […]
Foreclosures Up 30 Percent in February
March 12th, 2009The crescendo is nowhere in sight because the layoffs are still accelerating. Via: Reuters: Despite halts on new foreclosures by several major lenders, the number of households threatened with losing their homes rose 30 percent in February from last year’s levels, RealtyTrac reported Thursday. Nationwide, nearly 291,000 homes received at least one foreclosure-related notice last […]
‘Very Real Probability’ that Britain Will be Bankrupted
March 12th, 2009Via: Telegraph: House prices may fall by a further 55 percent and there is a “very real probability” that Britain will be bankrupted, a leading investment bank has warned in a private note to clients. People who bought buy-to-let flats are expected to “begin panic selling” and the average home value could drop below £100,000. […]
China’s Trade Surplus Shrinks as Exports Plunge
March 11th, 2009Via: The Age: China’s exports tumbled in February as the world’s third-largest economy felt the full force of the global financial crisis, but capital spending accelerated with the help of the government’s massive stimulus package. With the world experiencing its deepest recession in decades, pessimists said the slump in exports was unlikely to end soon. […]
Indiana: Thousands of Families Line Up at Mall to Get Food Handouts
March 11th, 2009Via: MSNBC: In this job-starved city where President Barack Obama last month made a public appeal for his economic stimulus plan, hundreds of volunteers — and an agency that specializes in handing out food — worked together Tuesday to feed 5,200 hungry families. Roughly 300 local volunteers worked with Feed the Children to distribute more […]
California Raw Almonds Must be Treated, Judge Rules
March 10th, 2009Mmm hmm. Oh, just wait for HR 875. Your clone burger with genetically engineered freedom fries and synthetic pHood perfumes—to hide the rancid smells—will be A-OK. But raw, whole foods that haven’t been saturated in carcinogens, cooked or irradiated… to render them “safe”… This is enemy combatant stuff. Via: McClatchy: A federal judge Monday upheld […]
Treasury Official Who Let AIG Cook Books Is Allowed to Retire
March 10th, 2009Via: ABC News: The man at the center of a fraud scandal at the Treasury Department has been allowed to quietly quit and retire from his job as a government regulator, despite allegations that he allowed a bank to falsify financial records and amidst outcries from investigators who say the case shows how cozy government […]
Obama Looking at Military Options in Mexico
March 10th, 2009Translation: The upstarts need to be taken out so that sanctioned “Agency” narcotics can flow into the U.S. in a more orderly manner. The current arrangement is too messy. If they were really interested in stopping this, they would look at legalization or decriminalization, but increased militarization serves two main purposes. First, it will drive […]
Change We Can Believe In: How About the End of Farmers Markets? Say Hello to H.R. 875: Food Safety Modernization Act of 2009
March 9th, 2009Update: The Husband of the Bill’s Sponsor Does Work for Monsanto Reader CW tipped me off to this. It checks out. Rosa DeLauro is married to Stanley B. Greenberg. Here’s a bio on Greenberg: Stanley B. Greenberg is Chairman and CEO of Greenberg Quinlan Rosner Research. He has served as polling advisor to President Bill […]
