Archive for the 'Economy' Category
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 […]
Rahm Emanuel 2006: “This is not a draft. It’s a universal service.”
January 6th, 2009TOYOTA WILL HALT ALL PRODUCTION IN JAPAN FOR ELEVEN DAYS
January 6th, 2009Via: Reuters: Toyota Motor Corp is to halt production at its Japanese plants for 11 days in February and March as a sharp slide in U.S. sales has left dealers’ lots full of unsold cars. A 37 percent slump in December sales in Toyota’s biggest market was its sharpest fall in more than a quarter […]
Madoff: If Wall Street Knew, The U.S. Government Knew
January 5th, 2009There is a revolving door between the U.S. Government and the Wall Street firms mentioned below. Maybe someone should ask Hank what he knows about Madoff. Via: Financial Times: Large Wall Street firms privately harboured suspicions about Bernard Madoff’s investment business, in some cases steering clients away from dealing with him, but were reluctant to […]
Ron Paul: We’re in for Big Trouble, Big Trouble, Big Trouble
January 4th, 2009Dubai: Another Ponzi Scheme Collapses
January 4th, 2009Via: CBS News: Over the years, booming oil prices helped turn Dubai into a land of opportunity and playground for the ultra rich. But that was then and this is now. And as CBS News correspondent Sheila MacVicar reports, even Dubai is feeling the pinch of the worldwide economic crisis. The gulf city state’s property […]
MADOFF’S ASSETS TO BE KEPT SECRET
January 4th, 2009Via: Bloomberg: THE US Securities and Exchange Commission, which sued Bernard Madoff last month for allegedly directing a $US50 billion ($71 billion) fraud, is to withhold public access to a list of his assets filed on Wednesday. A federal judge ordered Madoff to provide the commission with an account of all investments, loans, lines of […]
Oil
January 4th, 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). I’ve never touched oil before, […]
