Archive for the 'Economy' Category
Russian Authorities Sue Bank of New York for $22.5 Billion
May 18th, 2007How many corpses will be hitting the deck over this? Via: International Herald Tribune: The Russian Federal Customs Service is seeking $22.5 billion in damages from the Bank of New York, which it accuses of money laundering in the 1990s. The bank “committed violations of Russian law that resulted in damages of $22.5 billion to […]
Housing Glut: From Bad to Worse
May 18th, 2007Nice! Via: CNN: The number of homes for sale in major markets ballooned in April, according to a new industry report, adding further evidence that the U.S. housing slump is still trying to find a bottom. In April, there were 743,367 existing house and condo properties listed for sale in the 18 major metro areas […]
I’m Nibbling at Some Gold in Here
May 18th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Gold got slammed. Why? Let me consult my Magic 8-Ball… Sure, there’s dollar rebound news, but my guess is that guys needed to buy oil, and since it gapped up, they had to swap some paper gold for black gold. I […]
Buy Companies with High Customer Satisfaction Scores?
May 18th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. As you know, I don’t hold any stocks or paper based investments of any kind (outside of cash, which is a gamble). I realize, however, that many of you feel as though you must continue to play these paper games for […]
The Poverty Business
May 17th, 2007This reads like another evil-corporations-fleecing-ignorant-poor-people article, and it is, but it’s a huge mistake to think that the poor mindset only affects poor people. I know people who make a quarter of a million dollars per year who live week to week and are always struggling for more. I also know people who have declared […]
National ID: Biometrics Pinned to Social Security Cards
May 15th, 2007Via: Wired: The Social Security card faces its first major upgrade in 70 years under two immigration-reform proposals slated for debate this week that would add biometric information to the card and finally complete its slow metamorphosis into a national ID. The leading immigration proposal with traction in Congress would force employers to accept only […]
U.S. Government Forces E-gold Redemptions — Seizes Gold
May 15th, 2007I don’t have any reason to believe that this isn’t the case, I just can’t confirm it. If you have additional information, please share it with all of us here. Via: Moneynetnews: In an unprecedented move on or just before Wednesday May 9th, 2007, the United States of America has forced Omnipay et al E-gold […]
Billions in Oil Missing in Iraq
May 13th, 2007If the “newspaper of record” in the U.S. can parrot the GAO theory that the insurgents might have stolen it *chuckle: that’s a good one, har har*, can I make absurd and ridiculous statements too? Piles of corpses, billions of dollars worth of dodgy deals, mercenaries by the thousands and 100,000 to 300,000 barrels of […]
UK: Factory Milk Production Doomed, but Wait, There’s More
May 13th, 2007I love the description of the robotic milking production line, complete with RFID trackers and pedometers. This isn’t that different from the nine-to-five reality of most people. As you read this, think about the drive time commutes and that office. With both the cows and the people, The Machine is taking everything it can, and […]
Wal-Mart Posts Worst Sales Ever as U.S. Retail Figures Slump
May 11th, 2007What’s the matter? America’s Re-Fi ATM is closed, that’s what’s the matter. Have a nice day! Via: Guardian: Wal-Mart, the world’s largest retailer, yesterday posted its worst monthly sales figures since its records began in 1980. The company said same store sales fell 3.5% in April on the same month a year ago. Same store […]
