Archive for the 'Economy' Category
TJX DATA THEFT: LARGEST EVER
March 30th, 2007pOwNed on an unimaginable scale. Via: Network World: Detailing the sheer magnitude of a crime first reported earlier this year, TJX yesterday disclosed in financial reports that at least 45.6 million credit and debit card numbers were stolen in 2005 and another 130,000 last year by hackers who have yet to be caught. According to […]
Mortgage Crisis Hits Million-Dollar Homes
March 30th, 2007Pop. Via: Reuters: Sheriff Leo McGuire presides over foreclosure auctions in Bergen County, New Jersey, where the bidding for a home reached $1.2 million last June — a record for one of the wealthiest counties in the nation. Homes sold on the auction block for as much as $852,000 this month — more than quadruple […]
Income Gap Widening, Wealth Concentration at Pre Great Depression Levels
March 30th, 2007Via: New York Times: Income inequality grew significantly in 2005, with the top 1 percent of Americans — those with incomes that year of more than $348,000 — receiving their largest share of national income since 1928, analysis of newly released tax data shows. The top 10 percent, roughly those earning more than $100,000, also […]
47 Large Core Columns, More Than a Dozen of Which Retained Dimensions of 54 x 22 Inches Through the 66th Floor
March 29th, 2007For the most part, I stopped thinking about the demolition of the WTC towers about three years ago. I filed that one away right next to my JFK folder. While it’s not intellectually rigorous to be content with, “The usual suspects did it. I don’t know exactly how. But They did it,” I sleep well […]
Oil Jitters
March 28th, 2007Via: Bloomberg: Oil rose for a seventh day in New York, climbing close to $65 a barrel, on concern a dispute over Iran’s capture of British servicemen would escalate, disrupting supplies from the Middle East. Oil surged $5 in seven minutes late yesterday on speculation the U.K. would mount a rescue attempt, and rose today […]
China Shifts to Euros for Iran Oil
March 28th, 2007Via: Intel Daily: China’s state-run Zhuhai Zhenrong Corp, the biggest buyer of Iranian crude worldwide, began paying for its oil in euros late last year as Tehran moves to diversify its foreign reserves away from U.S. dollars.
The Right to Raw Milk
March 27th, 2007Excellent raw milk article. Via: Acres USA: ACRES U.S.A. Fresh or raw milk producers are having problems just about everywhere, such as in Michigan, where they pulled over a guy and destroyed his product and raided his house and took the records — and similar things have happened in state after state. I’d like to […]
34% of Homeowners Don’t Know What Type of Mortgage They Have
March 27th, 2007WOW! Via: Yahoo: In the survey conducted by Gfk Roper, homeowners with mortgages were asked what type of mortgage they had. A stunning 34 percent of the homeowners had no idea.
A Kirkland Cafe with No Prices
March 24th, 2007This is so interesting to me. It’s an issue that hits very close to home… The article calls this an experimental business model. It’s more of a test of the consciousness index of a community, if you ask me. Can the tragedy of the commons be avoided? Cryptogon and Farmlet readers are demonstrating that it […]
BullionVault
March 23rd, 2007WARNING: This is not a recommendation to buy sell or hold any financial instrument. PLEASE NOTE: BullionVault is also mentioned heavily on Money: Going Tactical. UPDATE 2: 28 April 2007: BullionVault Moving Vaulting Operations to Viamat All BullionVault clients received this email today: Dear BullionVault user, There is an important change concerning your gold. BullionVault […]
