Archive for November, 2008
The Summers Conundrum
November 13th, 2008Maybe I need to add a Change and Hope category. Via: The Nation: We all know in the backs of our minds that Barack Obama’s incredible victory will eventually be followed by disappointment. But does it have to come so soon, and hit so hard? The answer will be yes, if Lawrence Summers is named […]
The New Narcocultura
November 13th, 2008Via: New Yorker: On the first day of every month, at the Tepito metro stop in downtown Mexico City, a new breed of pilgrim can be observed inching his way on his knees out of the stop and down a filthy market street, and cradling in his arms, babylike, a plastic figure of Death—or Holy […]
The Hidden Cost of Petroleum: The National Picture
November 13th, 2008Racket. Shakedown. Scam. Swindle. Via: National Priorities Project: In 2009 alone, U.S. taxpayers will spend $103.5 billion on military resources used to secure access to petroleum, while investing only $1.26 billion in renewable energy sources. Including Iraq War-related costs doubles this figure to $215.4 billion dollars. Research Credit: bozomind
COMEX Commercials Least Net Short Gold In Years
November 13th, 2008But is gold a four letter word yet? Oh. Via: Resource Investor: Regardless of whether or not the world is near the end of the giant financial “Charlie Foxtrot” we have all endured up to now, the largest of the largest traders of gold futures now have the fewest bets that the U.S. dollar price […]
California 7-Eleven Store Received Over 100 Applicants for Position That Pays $8.50 Per Hour
November 13th, 2008Grim. Via: AP: The odds of landing a part-time job at department store operator Bealls Outlet Stores Inc. this holiday season are slimmer than getting into Harvard: It’s one out of every 45. Don’t think the chances are any better at 7-Eleven. One California store received more than 100 applicants in a week and a […]
Firms Scan Brain Waves to Improve Ads in Japan
November 13th, 2008Via: Physorg: US research firm Nielsen and its partner NeuroFocus said Wednesday they would offer a new service in Japan to scan the brain waves of potential customers to help companies improve their marketing. The service will review brain waves, eye movements and other physical features of potential customers to precisely study the impact of […]
Genetically Modified Maize Lowers Fertility in Mice
November 13th, 2008Via: Earth Times: Feeding mice with genetically engineered maize developed by the US-based Monsanto corporation led to lower fertility and body weight, according to a study conducted by the University of Veterinary Medicine in Vienna presented Tuesday. In the study, mice fed with the NK603 x MON810 sweetcorn variety over a period of 20 weeks […]
Obama’s Bailout Bunch Brings Us More of the Same
November 13th, 2008Via: Bloomberg: It’s hard to believe Barack Obama would even think of calling this change. Take a good look at some of the 17 people our nation’s president-elect chose last week for his Transition Economic Advisory Board. And then try saying with a straight face that these are the leaders who should be advising him […]
Dow Jones Industrial Average Facing Make or Break Situation
November 13th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The Dow is facing a strategic price level at around 8200. Right up front, I want to state that I have no idea which way it’s going to break. What I can say, though, is that a violent move is probably […]
NOW U.S. WON’T BUY TOXIC WASTE LOANS
November 12th, 2008I’m confused. Could this have something to do with “Bretton Woods 2” in a few days? Via: Reuters: U.S. Treasury Secretary Henry Paulson on Wednesday said he was backing away from buying troubled mortgage assets using a $700 billion bailout fund, instead favoring a second round of capital injections into financial institutions that would match […]
