Archive for May, 2008
China Establishes Company to Make its Own Jumbo Jets
May 12th, 2008Via: AP: China has established a homegrown company to make passenger jumbo jets, state media reported Sunday — a step forward in the country’s quest to become less dependent on Boeing and Airbus. China Commercial Aircraft Co. was established in Shanghai with registered capital of 19 billion yuan $2.7 billion, the official Xinhua News Agency […]
EARTHQUAKE KILLS THOUSANDS IN CHINA
May 12th, 2008Intersting Coincidence?, following the cyclone disaster in Burma—that killed some number of people that varies by orders of magnitude from day to day and by news agency. Via: CNN: Up to 5,000 people are feared to have been killed by Monday’s powerful earthquake in just one affected region of central China, the Chinese government said. […]
Bubble: California Man Losing Nine Homes in Mortgage Mess
May 12th, 2008Via: Reuters: A California man who has defaulted on nine homes and expects banks to foreclose on all of them, forcing him into bankruptcy, says he now considers it a mistake to have invested in the real estate market. Shawn Forgaard, a 37-year-old software company project manager, bought one home for his family to live […]
Engdahl: Perhaps 60% of Today’s Oil Price is Pure Speculation
May 12th, 2008Leveraged speculation on tangible goods actually makes a mockery of the market system by distorting prices. —CBOT Resembles Carnival Act as Billion Dollar Black Box Operators Move In Note: Engdahl believes in abiotic oil. Via: Oil Geopolitics: …in January 2006, ICE Futures in London began trading a futures contract for West Texas Intermediate (WTI) crude […]
Babyboomers, Meet the Babylosers
May 12th, 2008Via: Guardian: Across Spain, France and Italy, young middle-class professionals with good degrees and diplomas are facing a lifetime on low salaries with unrewarding jobs, forever poorer than their parents.
FBI Informant Manages to Entrap Three Hapless Twits ‘Ecoterrorists’… Barely
May 9th, 2008
The American Corporate State employs a full time counterinsurgency infrastructure with resources that are unimaginable to most would be insurgents. Quite simply, violent insurgents have no idea of just how powerful the foe actually is. Violent insurgents typically start out as peaceful, idealistic, political activists. Whether or not political activists know it, even with very […]
Citigroup to Shed Nearly $500 Billion in Assets
May 9th, 2008B. Billion. $500 billion. Via: AP: Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets. The plans are the most concrete yet by […]
Drug Pilot, Election Machine Executive Killed on CIA Plane
May 9th, 2008Via: Mad Cow Productions: One week after the crash outside Caracas, Venezuela of a twin-engine Piper Navajo (N6463L), an air of intrigue surrounds almost everything about the flight, including the plane’s ownership, passengers, and pilot. Woven into one small story about a plane crash in Venezuela that killed seven people are visible threads from two […]
Gunmen Kill Chief of Mexico’s Federal Police Force
May 9th, 2008Via: New York Times: Gunmen assassinated the acting chief of Mexico’s federal police early on Thursday morning in the most brazen attack so far in the year-and-a-half-old struggle between the government and organized crime gangs. Edgar Millan Gomez, the acting chief of Mexico’s federal police, in January. The Mexican police have been under constant attack […]
Mideast Reels as Hunger Outgrows Oil Earnings
May 9th, 2008Most of the Middle East oil wealth flows into the bank accounts of just a few thousand people, so, with that in mind… Via: Financial Times: For years, food policy in the Middle East and North Africa was very simple: hydrocarbon exports paid for carbohydrate imports. Rising agricultural commodities prices and a large population increase […]
