Archive for October, 2007
Gold Futures Close at Highest Level Since 1980
October 28th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. I worry more about Cryptogon readers’ investments than my own. When I see the commissions on BullionVault, before I think, “Wow! That’s great!” I think, “I hope folks are diversified. I hope they know when hedging might be an appropriate option.” […]
OPEC to Study Currency Basket for Pricing
October 28th, 2007More good news for U.S. Dollar holders. —Sarcasm. Via: Yahoo / AP: OPEC is likely to discuss creating a basket of currencies for oil pricing at its next summit due to the steady decline in the dollar, Venezuela’s Energy Minister Rafael Ramirez said on Friday. “The need to establish a basket of currencies … will […]
Much of U.S. Could See a Water Shortage
October 27th, 2007Via: AP: An epic drought in Georgia threatens the water supply for millions. Florida doesn’t have nearly enough water for its expected population boom. The Great Lakes are shrinking. Upstate New York’s reservoirs have dropped to record lows. And in the West, the Sierra Nevada snowpack is melting faster each year. Across America, the picture […]
Army Medics Train at Miami Trauma Center
October 27th, 2007Via: AP: For two weeks, 28 Army medics, nurses, doctors and nurse anesthetists have been learning trauma medicine and teamwork under pressure at the Ryder Trauma Center at downtown Miami’s Jackson Memorial Hospital, a place that sees such carnage it often resembles a war zone. Ryder is one of the busiest trauma centers in the […]
Lengthy SWAT Standoff Over Foreclosure Ends in Suicide
October 27th, 2007Freedom, for an increasing number of Americans, means choosing how they’re going to go down. Falling Down, for real… Via: Houston Chronicle: A 12-hour standoff ended this morning with a north Houston man lobbing Molotov cocktails at Houston Police before taking his own life rather than vacate a home he’d lost to foreclosure. James Hahn, […]
California Home-Loan Default Numbers Set Record
October 27th, 2007Via: San Jose Mercury News: A record number of California homeowners entered the foreclosure process in the third quarter, a real estate information service reported today, showing the effects of loose mortgage lending standards, falling home values and slumping sales. Statewide, mortgage companies sent 72,571 notices of default to borrowers last quarter, according to DataQuick […]
Violent Radicalization and Homegrown Terrorism Prevention Act of 2007
October 27th, 2007This is an effort to devise a coherent legislative package that is geared toward counterinsurgency operations inside the United States. But… Why? Americans, in general, are the most docile and gullible people I have ever encountered. They have proven, time and time again, that they are willing and able to swallow any manner of excrement […]
NYSE ELIMINATES TRADING CURBS DATING BACK TO 1987
October 27th, 2007Via: Bloomberg: The New York Stock Exchange said it will no longer impose curbs on computer-program trading that were put in place after the crash of 1987, claiming they’re no longer as effective in damping swings in prices. The exchange will stop prohibiting brokerages from entering some program trades when the NYSE Composite Index rises […]
“We’re Inching Dangerously Close to the Point Where Consumers Run for the Hills”
October 27th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The reason I’m posting this is because Jim Jubak provides confirmation that my strategy for dealing with this system is viable. Me: In America (and wealthier parts of the West in general), people don’t have to blow up a natural gas […]
The “Journalists” at the FEMA “Press” Conference
October 27th, 2007A FEMA press conference on the California fires didn’t actually involve the press at all. There were no reporters. The entire thing was staged. The people asking the questions were FEMA employees who were pretending to be reporters. (Of course, would be little difference between the reporters working government beats and these shills at the […]
