Archive for June, 2008
Fed Report Shows Americans Have Less Home Equity Than Ever Before
June 18th, 2008Via: HomeGude123: Home equity is defined as the market value of a property minus the amount owed on mortgage debts. Since homes are the biggest asset that most people have, equity is pretty important. Unfortunately for the American people, home equity is a dwindling resource. A Federal Reserve report released Thursday shows the amount of […]
Iran Withdraws $75 Billion from Europe
June 16th, 2008Via: Reuters: Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran’s disputed nuclear ambitions, an Iranian weekly said. Western powers are warning the Islamic Republic of more punitive measures if it rejects an incentives offer and presses on with sensitive nuclear work, but […]
Wikileaks: U.S. Special Forces Counter-Insurgency Manual FM 31-20-3
June 16th, 2008Does the following seem familiar to American and British readers? Most of the counterintelligence measures used will be overt in nature and aimed at protecting installations, units, and information and detecting espionage, sabotage, and subversion. Examples of counterintelligence measures to use are * Background investigations and records checks of persons in sensitive positions and persons […]
Stage Two of the Mortgage Collapse: $500 Billion in Pay Option ARMs Meet the Piper in 2008 with 60 Percent Being in California
June 16th, 2008Via: Dr. Housing Bubble: The next stage of the mortgage debacle is only starting to rear its ugly head and all early signs tell us that this is going to be even worse than the subprime mortgage collapse. We need to remember that the subprime mortgage debacle was only one facet of a global debt […]
500 Year Flood Submerges Iowa
June 16th, 2008Via: ENS Newswire: “Nearly one third of Iowa is already under water and water levels continue to rise,” said U.S. Senator Chuck Grassley of Iowa, urging federal financial assistance for his state. Waters are still rising in many parts of the state and the president responded. On Sunday, after touring some of the worst flooded […]
EvoLux Review
June 16th, 2008UPDATE: May 31, 2009 Both of the EvoLux lights that I purchased are now dead. One of them failed several months ago. The second one just died tonight. Buyer beware. —End Update— When the news about the Advanced Lumonics EvoLux made headlines recently, I wanted to order a couple of the units to test out […]
Oil Surges to Record High Near $140
June 16th, 2008I guess the Saudis should have said that they were going to buy dollars instead. Via: Reuters: Oil surged to a new record high on Monday of nearly $140 a barrel, propelled by weakness in the U.S. dollar which offset the bearish impact of plans by Saudi Arabia to boost output. U.S. light, sweet crude […]
Cryptogon Reader Sent $20
June 16th, 2008JR sent $20. Thank you.
Australia: Bank in Crisis as Shares Collapse
June 15th, 2008Via: The Age: ONE of Australia’s biggest investment banks, Babcock & Brown, is in crisis after a collapse of investor confidence that sent its share price plummeting more than a third in two days. The sell-off sent shockwaves across an already jittery sharemarket, and has raised fresh questions about the long-term viability of the business […]
ITALY DEPLOYING MILITARY FOR DOMESTIC LAW ENFORCEMENT
June 14th, 2008Woh. Via: Reuters / ABC: The Italian government has defended its decision to use soldiers to patrol cities in an effort to curb crime, rejecting criticism that it will “militarise” the streets. “There is a strong call from citizens for better control of the streets, for improved safety,” Defence Minister Ignazio La Russa told Sky […]
