Archive for the 'Economy' Category
The Winner: Los Angeles
January 29th, 2007Of the ten least affordable areas in the U.S., California has seven of them! And then there’s good ‘ole Los Angeles, festering away at the very top. My sister, Heather, happens to be a real estate agent. If you’re looking to get off the sinking ship in Southern California, and want to work with a […]
China’s Energy Sinkhole
January 29th, 2007Via: Economist: Now there really is a giant sucking sound—not one made by the flight of jobs, but by China ferociously hoovering up commodities and raw materials. Although it accounts for roughly 4% of global GDP (measured at market exchange rates), China consumes 30% of the world’s supply of minerals and other raw materials. This […]
Raw Milk and Lifting the Veil that has Been Pulled Over Our Eyes
January 28th, 2007As all of you know, I find the “expert” opinions on medicine, energy, economics and several other areas to be riddled with bullshit. I have found that experimentation always trumps theory. No number of people with PhDs, paid trolls or “peer reviewed” journals are going to convince me that something that works for me isn’t […]
Countries by Current Account Balance
January 26th, 2007Cryptogon reader David submitted a comment that contained an interesting link to a map that depicts each country of the world in terms of current account balance. See the data in a table to get a feel for the numbers! Everyone knows who’s at the bottom of that list, right? You know, the country that’s […]
Germans Get by Without the Euro
January 26th, 2007Via: Telegraph: If you live in the Bavarian region of Chiemgau, you can exist for months at a time in a euro-free zone of hills and lakes with a population of half a million people. Restaurants, bakeries, hairdressers and a network of supermarkets will accept the local currency: the Chiemgauer. Notes are exchanged freely like […]
Amero: “Now Is the Time” to Discuss a North American Dollar
January 26th, 2007Via: The Star: If Canadians are going to debate the idea of a single North American currency, “now is the time it should be on the table,” according to the chief economist at Toronto Dominion Bank.
Ford: Biggest Loss Ever
January 25th, 2007Via: CNN: Ford Motor Co. reported the largest annual loss in company history Thursday, as the embattled automaker posted a fourth-quarter loss that was worse than analysts’ expectations and the company warned of worse showings ahead. Weak sales of its key pickup trucks in the quarter and $9.9 billion in after-tax charges resulted in $12.7 […]
DID THE U.S. JUST FORCE IRAN TO STOP ACCEPTING DOLLARS FOR OIL?
January 24th, 2007Remember all the endless talk about the Iranian Oil Bourse and the shift to the eruo? It appears that the U.S. just forced the issue and sent Iran down that road! It’s hard to know if the White House has completely lost it, or if there is actually a forward looking plan. Because, right now, […]
U.S. TO DOUBLE SIZE OF STRATEGIC PETROLEUM RESERVE
January 23rd, 2007Well, well, well… The U.S. spends more on the war in Iraq in one day (about $300 million) than it does on the ANNUAL BUDGET for the primary government laboratory that is tasked with renewable energy and energy efficiency research and development. And this is the energy plan for the future… Via: Bloomberg: Crude oil […]
China Will Use Cash Reserves to Buy “Strategic Resources”
January 23rd, 2007Via: Bloomberg: China, the world’s biggest consumer of coal and metals, will use its foreign exchange reserves to buy “strategic” resources, Vice Premier Zeng Peiyan said. The government will increase the nation’s purchases of resources for strategic stockpiling when there are “plentiful” reserves, Zeng said in a speech carried on the Ministry of Land and […]
