Archive for the 'Economy' Category
Texas Securities Regulators Found Evidence of Potential Money Laundering Involving Stanford Ten Years Ago
February 21st, 2009The Texas authorities called in the FBI and SEC… which did nothing. What you have here is a long running U.S. Intelligence operation that became so large and sloppy that it finally blew up. Oh yeah, I wonder what went on in the Bogota, Colombia office… Via: Houston Chronicle: The SEC only has the authority […]
Kucinich on Stanford Group Fraud: SEC Told to “Stand Down” by Unknown Federal Agency in 2006
February 21st, 2009Dennis Kucinich is trying to determine which federal agency told the SEC to stand down with regard to Allen Stanford in 2006. Which agency? Well, last Tuesday (17 February 2009), Allen Stanford was unable to charter a private jet to take him from Houston to Antigua. Then, of all the places he could have gone, […]
Czech President Compares EU to Soviet Union
February 21st, 2009Via: AP: The European Union has turned into an undemocratic and elitist project comparable to the Communist dictatorships of eastern Europe that forbade alternative thinking, Czech President Vaclav Klaus told the European Parliament on Thursday. Klaus, whose country now holds the rotating EU presidency, set out a scathing attack on the EU project and its […]
Confidence Destroyed – Capital Flight from the U.S.
February 21st, 2009This small passage doesn’t do the piece justice. It’s worth clicking through to read the whole thing. Via: Market Ticker: What’s “really going on” is that our entire financial system has turned into a gigantic clown car. There hasn’t been any recognition that the fundamental problem over the last two decades has been fraudulent lending […]
Drought to Cut Off Federal Water to California Farms
February 21st, 2009Via: AP: Federal water managers said Friday that they plan to cut off water, at least temporarily, to thousands of California farms as a result of the deepening drought gripping the state. U.S. Bureau of Reclamation officials said parched reservoirs and patchy rainfall this year were forcing them to completely stop surface water deliveries for […]
Feds to Tax Americans by the Mile?
February 20th, 2009Via: AP: Transportation Secretary Ray LaHood says he wants to consider taxing motorists based on how many miles they drive rather than how much gasoline they burn — an idea that has angered drivers in some states where it has been proposed. Gasoline taxes that for nearly half a century have paid for the federal […]
Japan Turns to ‘Work-Sharing’ to Avoid Layoffs
February 20th, 2009Via: AP: Yasuo Igarashi spends a lot of time these days on the jungle gym with his daughter, after his employer joined the growing ranks of Japanese companies adopting “work-sharing” to ride out the global slump. Common in parts of Europe, work-sharing means slashing employees’ pay and hours instead of firing people outright. Two or […]
Robert Allen Stanford, Under Investigation for Laundering Drug Money, Was a Major Political Donor
February 20th, 2009You might need to take an extra hit of Hopenosis after reading this one. Via: Christian Science Monitor: Until 2000, Robert Allen Stanford had no record of giving money to anyone in Washington. But then the Clinton administration introduced legislation to crack down on international money laundering. Suddenly Mr. Stanford, whose company ran a bank […]
GM UNIT SAAB BANKRUPT
February 20th, 2009HA! Socialist Sweden isn’t as socialist as the U.S. when it comes to corporate bailouts. Via: AP: General Motors Corp.’s Swedish-based subsidiary Saab went into bankruptcy protection Friday so the unit can be spun off or sold by its struggling U.S. parent, officials said. The move comes after Sweden turned down GM’s request for government […]
Gold Through Resistance Above $988 Intraday
February 20th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Ok, if $988 holds, $1032 is the next big hurdle.
