Archive for the 'Economy' Category
Wave Power Attracts Investors
November 10th, 2007BIG investors. And it’s fascinating, the shit-for-brains level of context that Business Week manages here: “…if wave power becomes commercially viable.” A far more fascinating question is why and how it didn’t become viable over forty years ago?! Who died, and who made a killing? Think of it another way: The U.S. landed guys on […]
Like it or Not, $100 Oil Forces New Energy Policy on U.S.
November 10th, 2007“The reality is that the oil companies are going to lift our wallets and then flip us upside down to shake loose any change that may have remained in our pockets.” —From an upcoming Cryptogon essay Meet the new boss, same as the old boss. BP solar panels, Chevron wave power, etc… Who knows? Cheney’s […]
Arraignment and Federal Indictments for Bernard Kerik, Close Giuliani Associate and Botched Nominee to Head Department of Homeland Security
November 9th, 2007Tax evasion, corruption, mafia connected construction businesses: Fuggetaboutit. Windfall stock options payout on taser related swindling: $6 million. A filthy, sycophantic crook like this almost becoming the head of the U.S. Department of Homeland Security: Priceless. Via: AP: Bernard Kerik, the police commissioner under former Mayor Rudy Giuliani who nearly became head of the Homeland […]
Merrill Lynch Economist on Dollar Collapse: Not “Armageddon,” but Part of a “Global Rebalancing Process”
November 7th, 2007Well, I’m glad we’ve got that cleared up. I’m also glad that I “rebalanced” my assets out of the U.S. a long time ago. Via: Bloomberg: The falling dollar is part of a “global rebalancing process” and isn’t cause for alarm, according to David Rosenberg, chief North American economist at Merrill Lynch & Co. The […]
U.S. GMO Rice Caused $1.2 Billion in Damages
November 7th, 2007Madness x Greed = U.S. Agribusiness Via: Reuters: Trace amounts of genetically modified varieties of rice that were found commingled in the U.S. rice supply in 2006 caused more than $1.2 billion in damages and additional costs, the environmental group Greenpeace International said on Monday. U.S. rice exports fell sharply after Bayer CropScience, a division […]
Dollar: Top China Official Suggests Currency Shift
November 7th, 2007Via: MarketWatch: The U.S. dollar stumbled to new lows on Wednesday after a top Chinese official called for the country to shift more of its huge foreign exchange stockpiles out of the beleaguered greenback. Cheng Siwei, vice chairman of the Standing Committee of the National People’s Congress, was quoted by wire services as saying China […]
GM Quarterly Loss One of the Biggest in Corporate History
November 7th, 2007Via: Yahoo / AP: General Motors Corp. posted a company record $39 billion loss in the third quarter, as a charge involving unused tax credits brought an abrupt end to string of three profitable quarters for the nation’s largest automaker. The loss reported Wednesday was one of the biggest quarterly corporate deficits ever and it […]
Soybean Futures Soar on Inflationary Buys
November 7th, 2007Via: FXStreet: Chicago Board of Trade soybean futures ended sharply higher Tuesday, rallying to 3-year highs on speculative led buying tied to inflationary fears. November soybeans settled 23 3/4 cents higher at $10.29 1/2 and January soybeans ended 23 1/2 cents higher at $10.44 1/2. December soymeal settled $7.70 higher at $284.60 per short ton. […]
EMERGENCY: DOLLAR EXTENDING VERY STRONG DECLINE, OIL $98
November 7th, 2007Via: Bloomberg: Crude oil rose above $98 a barrel for the first time in New York as the dollar tumbled to a record low against the euro and a storm disrupted output in the North Sea. BP Plc and ConocoPhillips evacuated oilrig workers, adding to concern that supplies may be insufficient. The U.S. Energy Department […]
Gold New High: $830
November 7th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The shorts are being decapitated right here. I’ve got the chart open right now. No stories yet. If the shorts tap the mat and start to cover… Well, the chart will be suitable for framing. Even more suitable for framing, I […]
