Archive for the 'Economy' Category
Oil Traders Seek Another 10 Tankers, Frontline Says
January 8th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I’m pre-emptively adding this to Covert Operations and False Flag Operations so I’ll be able to find it in the aftermath phase of whatever these maniacs have planned to turn a profit on this oil. As much of the of the […]
U.S. Debt is Losing Its Appeal in China
January 8th, 2009Via: IHT: China has bought more than $1 trillion in American debt, but as the global downturn has intensified, Beijing is starting to keep more of its money at home – a shift that could pose some challenges to the U.S. government in the near future but eventually may even produce salutary effects on the […]
State Unemployment Claim Systems Overwhelmed, Crash in Three States
January 8th, 2009Also, job cuts in small businesses, where most people are employed, are now soaring. Via: AP: Electronic unemployment filing systems have crashed in at least three states in recent days amid an unprecedented crush of thousands of newly jobless Americans seeking benefits, and other states were adjusting their systems to avoid being next. About 4.5 […]
Oil: Gap Down
January 8th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I was going to buy the United States Oil ETF on Friday, but it was sharply higher. I refuse to chase, though, so I’m going to wait for a pullback (that may or may not come). —Oil Wow. Wow. Wow. This […]
U.S. 2009 Deficit: $1.2 Trillion and DOES NOT INCLUDE Bailouts or Obama’s Stimulus Plan
January 7th, 2009Via: AP: The federal budget deficit will hit an unparalleled $1.2 trillion for the 2009 budget year, according to a Capitol Hill aide briefed on new Congressional Budget office figures. The aide says the CBO also sees a $703 billion deficit for 2010. The dismal figures come a day after President-elect Barack Obama warned of […]
Real-Estate Executive Found Dead in Apparent Suicide
January 7th, 2009Via: Wall Street Journal: Real-estate executive Steven L. Good was found dead of an apparently self-inflicted gunshot wound Monday in his Jaguar in a forest preserve outside Chicago, said the Kane County Sheriff’s Department. Mr. Good, 52 years old, was chief executive of Sheldon Good & Co., one of the nation’s largest real-estate auction firms. […]
German Billionaire Adolf Merckle Commits Suicide
January 6th, 2009Via: Reuters: German billionaire Adolf Merckle, assailed by financial turmoil and struggling to salvage his business empire, has killed himself, his family said on Tuesday. “The desperate situation of his companies caused by the financial crisis, the uncertainties of the last few weeks and his powerlessness to act, have broken the passionate family entrepreneur and […]
China Seen Facing Wave of Unrest in 2009
January 6th, 2009Via: Reuters: China faces surging protests and riots in 2009 as rising unemployment stokes discontent, a state-run magazine said in a blunt warning of the hazards to Communist Party control from a sharp economic downturn. The unusually stark report in this week’s Outlook (Liaowang) Magazine, issued by the official Xinhua news agency, said faltering growth […]
More Americans Getting Multiple Chronic Illnesses
January 6th, 2009Via: Reuters: More Americans are burdened by chronic illnesses such as diabetes and high blood pressure, often having more than three at a time, and this has helped fuel a big rise in out-of-pocket medical expenses, a study released on Tuesday showed. With prescription drugs playing a key role, average annual out-of-pocket medical costs — […]
IT Job Prospects Make Dot Com Crash Seem Like a Cake Walk
January 6th, 2009Via: Register: Compared to the current job market, IT professionals should recall the collapse of the dot-com bubble with a fondness for the good ol’ days. That’s according to the latest bi-annual IT salary survey from management consultant Janco Associates, which has painted a dreary picture for tech workers. The firm called current conditions “a […]
