Archive for the 'Economy' Category
U.S. Credit Crisis Adds to Gloom in Norway
December 3rd, 2007“We Americans Were Very Clever…” Via: New York Times: At this time of year, the sun does not rise at all this far north of the Arctic Circle. But Karen Margrethe Kuvaas says she has not been able to sleep well for days. What is keeping her awake are the far-reaching ripple effects of the […]
Pandora’s Pantry
December 3rd, 2007Via: Celsias: Monsanto’s key selling point for Roundup Ready seeds has been to tell farmers that one or two good dousings with Roundup will solve all their weed problems. The corporation placed print ads telling farmers that Roundup was “the only weed control you’ll ever need,†even while, in the words of University of California […]
U.S. Dollar: The Horror Scenario
December 2nd, 2007Via: Der Spiegel: What if fear of a permanent decline in values spreads in all of those countries that have accumulated vast quantities of the US currency in the past few years, countries like China, Japan and the Asia Tiger states, as well as the oil-exporting countries and Russia? What if panic breaks out and […]
EXXONMOBIL’S NEW BATTERY FOR ELECTRIC VEHICLE APPLICATIONS
December 1st, 2007“I don’t know. I see things like the ‘sustainable’ WalMart and the FedEx hub covered with solar panels and I have to wonder if this Peak Oil thing is actually going to be the kill shot that we think it’s going to be… Maybe They have a much better grip on this thing than we […]
Forget the Green Technology – The Hot Money Is in Guns
December 1st, 2007Naomi Klein gets close, but misses the mark. For those of us who understand clean, green fascism, it’s not a question of clean energy technology OR armaments and surveillance; it’s both. You won’t have viable clean technology without a total, fascist lockdown. I’ve said it from the beginning, and I’m saying it now. The technology […]
FOIA Request for Documents Related to the Plunge Protection Team Yields, “177 Pages of Crap”
November 30th, 2007Via: NY Post: November 29, 2007 — AFTER a year and a half of stalling, the US Treasury finally complied with The Post’s requests for information about The President’s Working Group on Financial Markets – by delivering 177 pages of crap. In essence, the Treasury’s Freedom of Information officials said that the Working Group – […]
U.S. Government, Banks Near a Plan to Freeze Subprime Rates
November 30th, 2007This Wall Street Journal front page story reads like news from some banana republic! You’ve got millions of slobs who took out toxic waste, impossible to pay back loans and the largest banks in the land engaged in a Mexican standoff. Who’s going to pay for all those subprime mortgage lotto winners? U.S. Dollar holders, […]
More than 50,000 Lost Their Homes in October
November 29th, 2007The momentum phase has only just begun. Via: CNN: Foreclosure filings nearly doubled in October and more people could lose their homes in 2008, according to a report released Thursday. In October, 224,451 foreclosure filings were reported nationwide, up 94 percent from October 2006 and up 2 percent from September, according to RealtyTrac. In the […]
Portfolio Ideas
November 28th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Several readers are panicking and emailing me messages that go something like: “How can I protect my assets? I’ll pay you to devise a plan for me.” Guys, I’m not a financial adviser. Financial advisory services are government regulated, like real […]
CHINA FUEL SHORTAGES
November 27th, 2007Via: The Australian: CHINA is running out of fuel. Police are guarding petrol stations in several inland provinces to prevent fights, as shortages of petrol and diesel are causing huge queues of trucks, buses and cars. In Kunming, capital of the southwestern province of Yunnan, 1000 trucks are stranded. A truck driver named Li told […]
