Archive for July, 2009
Peak Swiss Gold Vault Space
July 17th, 2009Via: Mineweb: In a note entitled No more space for Gold Bars, Swiss news website 20 Minuten Online reports that Swiss banks are running out of secure storage space for gold bullion held by investors and institutions. Fears of hyperinflation, the economic downturn and the success of gold index funds (ETFs), which are supported by […]
Detroit Might Stop Prosecuting “Low Priority” Crimes
July 17th, 2009Via: Detroit Free Press: Low-priority crimes like breaking and entering might not be prosecuted and the conviction rates will continue to decline if the proposed budget for the Wayne County Prosecutor’s Office is approved, Prosecutor Kym Worthy told commissioners this morning. Advertisement “We can’t even cover our courtrooms anymore,” Worthy said in vehemently disagreeing with […]
Joe Biden: “We Have to Go Spend Money to Keep From Going Bankrupt”
July 17th, 2009Via: CNS News: Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money. “And folks look, AARP knows and the people with […]
Huge Blob of Arctic Goo
July 17th, 2009Update: Algae Via: Anchorage Daily News: A sample of the giant black mystery blob that Wainwright hunters discovered this month floating in the Chukchi Sea has been identified. … It looks to be a stringy batch of algae. Not bunker oil seeping from an aging, sunken ship. Not a sea monster. “We got the results […]
Foreign Demand for Long-Term U.S. Debt Fell Sharply in May
July 16th, 2009Via: AP: Foreign demand for long-term U.S. financial assets dropped by the largest amount in four months in May, as Japan and Russia trimmed their holdings of Treasury securities. The Treasury Department said Thursday that foreigners actually sold $19.8 billion more long-term U.S. securities than they purchased in May. That compared with net purchases of […]
South Africa: ATMs Armed with Pepper Spray; Thieves Using Explosives
July 16th, 2009The video below isn’t real, but give it another ten years. Via: Guardian: Cash machines offer an ever-growing menu of services beyond merely dispensing money. For tampering criminals, this now includes a squirt of pepper spray in the face . The extreme measure is the latest in South Africa’s escalating war against armed robbers who […]
BofA Operating Under Secret Regulatory Sanction
July 16th, 2009Tick tock tick tock… I like to maintain my B of A balance at around $80. *grin* Via: Reuters: Bank of America Corp is operating under a secret U.S. regulatory sanction that requires it to overhaul its board and address perceived problems with risk and liquidity management, The Wall Street Journal reported, citing people familiar […]
Canada: Buy-Local Push Prompts Ontario Grocers to Go Independent
July 16th, 2009Via: CBC News: Dale Kropf calls it Independence Day: On July 3, his five grocery stores in southwestern Ontario ceased to be Sobeys franchises. Corporate policies prevented him from buying local products, he says, so he joined forces with four other former Sobeys franchisees and formed the independent Hometown Grocers Co-Op. “We feel that local […]
Health Care Bill Will Fund State Vaccine Teams to Conduct ‘Interventions’ in Private Homes
July 16th, 2009Via: CNSNews: There is a knock at the front door. Peeking through the window, a mother sees a man and a woman, both in uniform. They are agents of health-care reform. “Excuse me, ma’am,” says the man. “Our records show that your eleven-year-old daughter has not been immunized for genital warts.” “And your four-year-old still […]
British Health Minister Quits
July 16th, 2009I wouldn’t want to be associated with the upcoming H1N1 vaccine debacle either. (Of course, it doesn’t say anything about the upcoming H1N1 vaccine debacle.) Via: BBC: Top surgeon Lord Darzi, one of several non-political figures brought into Gordon Brown’s government, is to resign as health minister. Downing Street confirmed he will remain as a […]
