Archive for the 'Economy' Category
Morgan Stanley’s 3-Alarm Sell Signal
June 7th, 2007HA! A “full house” triple Magic-8 Ball alarm! I wonder if this announcement was accompanied by a loud klaxon and flashing red lights? I need my old Quake 2 sound board: “IMPRESSIVE.” Via: Business Week: There have been a number of bearish analyst calls on stocks amid the recent global stock rally, but it took […]
Syria Drops U.S. Dollar Peg, United Arab Emirates Might Follow
June 6th, 2007Via: Gulf Times: The UAE may be the next Middle Eastern country to stop pegging its exchange rate to the US dollar, according to trading in currency forwards. The second-largest Arab economy may follow Syria and Kuwait, which both said in the past two weeks that they would dump the dollar peg to curb rising […]
Chinese Markets: Panic Selling
June 5th, 2007Via: Reuters / Yahoo: China stocks tumbled 8.3 percent on Monday in their second biggest drop this decade, erasing $340 billion in market value and extending big losses from last week after the government hiked the share trading tax to cool a feverish bull run. In an apparent attempt by authorities to restore confidence, front-page […]
The Corporate Takeover of U.S. Intelligence
June 3rd, 2007We’re solidly into the post-mortem phase of the analysis now. Via: Salon: More than five years into the global “war on terror,” spying has become one of the fastest-growing private industries in the United States. The federal government relies more than ever on outsourcing for some of its most sensitive work, though it has kept […]
Big Brother, Big Business
June 3rd, 2007Here’s a two hour CNBC piece about privacy, surveillance and the emerging biometric lockdown. Even though the situation presented here is grim, we know that it’s much worse. If, however, you or someone you know is looking for a general, easy to understand presentation on these issues, and have about two hours to spare, this […]
Volkswagen’s 282MPG Car
May 29th, 2007This story is five years old. Do you get it yet? Via: Canadian Driver: A few years ago, Volkswagen took on a task that many people thought was impossible: they decided to develop a fuel-efficient, road-going compact car that could achieve an average fuel consumption of just 3 litres per 100 km (94 mpg). Not […]
U.S. Legislation Would Bring Wind Power to ‘Grinding Halt’
May 29th, 2007Power crisis? The only power crisis we have involves the people in power. Isn’t it interesting how this affects individuals who use wind turbines?! Will the government’s service to the criminal mining and drilling interests be worth touching off armed standoffs over wind turbines? Hmm. Even I can’t believe the U.S. Government would be that […]
U.S., Iran End 27-Year Diplomatic Freeze
May 29th, 2007Incredible. Which “Diplomatic Freeze” are we talking about, precisely? Halliburton has no problem with doing business with Iran. If you think that’s illegal under U.S. law, think again: It’s just another Halliburton oil and gas operation. The company name is emblazoned everywhere: On trucks, equipment, large storage silos and workers’ uniforms. But this isn’t Texas. […]
Making Less Than Dad Did
May 28th, 2007Via: CNN: American men in their 30s are earning less than their father’s generation did, challenging a long-held belief that each generation will be better off than the one that preceded it, according to a new study published Friday. The report, the first in an ongoing 18-month study on economic mobility in the United States, […]
Iran Interest Rate Cut Sparks Panic Selling
May 25th, 2007I have no idea what this means, but with two U.S. carrier groups just off the coats of Iran… Let’s just hope nobody makes any sudden moves. Maybe it’s related to the CIA ratf*cking that Bush recently authorized. Via: Guardian: Iran’s financial system suffered a fresh jolt yesterday with panic selling on the stock market […]
