Archive for the 'Economy' Category
Higher Education Conformity
May 3rd, 2007Via: Alternet: My theory is that employers prefer college grads because they see a college degree chiefly as mark of one’s ability to obey and conform. Whatever else you learn in college, you learn to sit still for long periods while appearing to be awake. And whatever else you do in a white collar job, […]
China: America’s Banker
May 3rd, 2007Via: CNN: China, Long recognized as the world’s factory, is earning a new distinction: America’s banker. As it continues to suck in foreign investment and crank out exports, the world’s fastest-growing economy is piling up foreign currency, mostly dollars, at an astonishing rate. In April, China’s central bank stunned economists with the disclosure that, in […]
Hedging Disaster
May 3rd, 2007Via: Boston Globe: As hedge fund and private-equity operators try ever harder in the face of more competition to produce exorbitant returns, they do ever-riskier and more conflict-laden deals. This trend increases the damage to the economy, the extremes of inequality, and the risks to the system. When Long Term Capital Management — a hedge […]
The War in Afghanistan is Simply a Big Money Heroin Racket
May 1st, 2007Via: Global Research: The United Nations has announced that opium poppy cultivation in Afghanistan has soared. There was a 59% increase in areas under opium cultivation in 2006. Production of opium is estimated to have increased by 49% in relation to 2005. The Western media in chorus blame the Taliban and the warlords. Western officials […]
TANKER CRASH COLLAPSES SECTION OF HIGHWAY NEAR SAN FRANCISCO-OAKLAND BAY BRIDGE
April 30th, 2007UPDATE: Schwarzenegger Delares State of Emergency Any guesses on the indirect costs of this one? Via: CBS News: A stretch of highway near the San Francisco-Oakland Bay Bridge collapsed Sunday after a gasoline tanker crashed and burst into flames, a loss that officials said could leave freeways leading to one of the nation’s busiest spans […]
U.S. GOVERNMENT SEIZES E-GOLD ACCOUNTS, OWNERS INDICTED
April 29th, 2007It begins. Via: Florida Today: Two Brevard County men and two digital currency businesses they operated in Melbourne have been indicted by a federal grand jury in Washington, accused of running an unregulated financial network that catered to criminals moving money. Tuesday’s four-count indictment, made public Friday, charged e-gold Ltd., Gold & Silver Reserve Inc. […]
Wal-Mart Seeks Former Intelligence Officers for Security
April 29th, 2007Via: AP / Houston Chronicle: Wal-Mart Stores has been recruiting former military and government intelligence officers for a branch of its global security office aimed at identifying threats to the world’s largest retailer, including from “suspect individuals and groups.” Wal-Mart’s interest in intelligence operatives comes at a time when the retailer is defending itself against […]
Jeremy Grantham: All the World’s a Bubble
April 28th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. In Money: Going Tactical, I wrote, “We’re looking at this situation and all we see are bubbles. Real estate bubbles. Currency bubbles. Equity bubbles.” What’s the difference between me writing something like that, and someone like Jeremy Grantham saying the same […]
Private Gold Storage “Increasingly Difficult” in the U.S. Says World-Leading Gold Ownership Service
April 28th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. BullionVault makes it too easy for individuals to take their fiat funny money out of circulation, and that has obviously caused discomfort somewhere in the nether realms. Why would Brinks drop a client as large as BullionVault without providing any reason […]
Euro Hits All-Time High Against Dollar
April 27th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I keep going back to U.S. Dollar Index Breaches Significant Weekly Supports: 80.85 on the U.S. Dollar Index is the critical support. We’re at 81.16 now. We’re approaching The make or break moment. Via: Yahoo / AP: The euro reached an […]
