Archive for October, 2008
Roubini Says ‘Panic’ May Force Market Shutdown
October 24th, 2008Via: Bloomberg: Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University Professor Nouriel Roubini said. “We’ve reached a situation of sheer panic,” Roubini, who predicted the financial crisis in 2006, told a conference […]
Scientists Erase Specific Memories In Mice
October 23rd, 2008Via: Yahoo / Health Day: It sounds like science fiction, by scientists say it might one day be possible to erase undesirable memories from the brain, selectively and safely. Using a complex genetic approach, U.S. and Chinese researchers believe they have done just that in mice, but the feat is far from being tested on […]
Confusion Reigns: A Crisis-Driven Global Rush to Dollar Liquidity Is Not Deflation
October 23rd, 2008Highly recommended reading. Via: iTulip: In the crisis stage of a debt deflation, defined by Fisher and Minsky as a reduction in debt financing, credit and money market panic causes banks to stop lending and borrowing from each other, pay off existing loans to shore up their balance sheets, and build reserves against expected future […]
Adolf Hitler ‘Planned Propaganda Cable TV’
October 23rd, 2008Via: Telegraph: Plans for the system were first found when Soviet soldiers entered Berlin but have recently been reexamined by researchers for a new Russian documentary. The Orwellian screens would have been set up in public places and would show “people’s television”, depicting how the Aryan race should live, with the Nazis focusing on news, […]
Treasury Blacks Out Parts of Private Bailout Contracts Dealing with Compensation to Firms
October 23rd, 2008Via: BailoutSleuth: When the Treasury Department’s bailout czar provided an update this week on the government’s $700 billion plan to rescue troubled financial institutions, he vowed that it would be an “open and transparent program with appropriate oversight.” The next day, the Treasury Department put out an announcement about a major bailout-related contract with Bank […]
Gold Slaughter
October 23rd, 2008Via: MarketWatch: Gold futures fell 5% Thursday to below $700 an ounce for the first time in 13 months, as fund liquidation and the U.S. dollar’s rise continued to pound commodity markets for a second day. Copper slumped more than 6%. Gold for December delivery dropped $36.70 to $698.50 an ounce on the Comex division […]
U.S Foreclosure Filings Up 71 Percent in Third Quarter
October 23rd, 2008Via: AP: The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, according to data released Thursday. Nationwide, nearly 766,000 homes received at least one foreclosure-related notice from July through September, up 71 percent from a […]
Have You Checked the Prices of Technocrack Lately?
October 23rd, 2008My six-year-old Dell Inspiron 4150 laptop is experiencing some sort of heat management issue. The fan is running fast most of the time now. I’ve fooled around with all the settings, trying to underclock the CPU, etc. No luck. There are no rogue processes to blame either. Additionally, the graphics card is sometimes failing to […]
Bill Gates Funds Research Into ‘Flying Syringe’ Mosquitoes to Deliver Vaccines
October 23rd, 2008Madness. Via: AFP: The Bill and Melinda Gates Foundation awarded 100,000 dollars each on Wednesday to scientists in 22 countries including funding for a Japanese proposal to turn mosquitos into “flying syringes” delivering vaccines. The charitable foundation created by the founder of software giant Microsoft said in a statement that the grants were designed to […]
Organic Farming ‘Could Feed Africa’
October 22nd, 2008Via: Independent: Organic farming offers Africa the best chance of breaking the cycle of poverty and malnutrition it has been locked in for decades, according to a major study from the United Nations to be presented today. New evidence suggests that organic practices – derided by some as a Western lifestyle fad – are delivering […]
