Archive for February, 2010
Walmart Suffers First U.S. Sales Decline
February 19th, 2010Via: Financial Times: Walmart has suffered its first fall in quarterly sales at its US discount stores, underlining the challenges facing future growth in its home market as the economy recovers. In the important holiday quarter ending on January 31, net sales at Walmart’s 3,400-plus US stores fell 0.5 per cent year-on-year to $71bn (€52bn). […]
Cyber ShockWave
February 19th, 2010I’m quietly looking into the Joe Stack situation, and in the process, I came across the story below, which I had somehow missed. Via: AFP: Former top US officials staged a digital doomsday simulation on Tuesday in which a huge cyberattack crashes cellphone networks, slows Web traffic to a crawl and plunges major cities into […]
Dollar Up and Out of Previous Daily Range on Fed Rate Hike, But Resistance is Just Overhead
February 19th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument. The USDX is moving higher on the Fed rate news, but be aware that a technical pullback is likely over the next week or two. There are two resistance levels just overhead. The first is a pivot high from June 2009. […]
School Used Student Laptop Webcams to Spy on Them at School and Home
February 18th, 2010Via: BoingBoing: According to the filings in Blake J Robbins v Lower Merion School District (PA) et al, the laptops issued to high-school students in the well-heeled Philly suburb have webcams that can be covertly activated by the schools’ administrators, who have used this facility to spy on students and even their families. The issue […]
U.S. CITIZEN CRASHES PLANE INTO BUILDING IN APPARENT SUICIDE ATTACK ON IRS
February 18th, 2010UPDATE: Original Tenant of Building Allegedly Attacked by Joe Stack was Microelectronics and Computer Technology Corporation The Chairman and Chief Executive Officer of the Microelectronics and Computer Technology Corporation just happened to be Bobby Ray Inman, former Director of the National Security Agency and former Deputy Director of the Central Intelligence Agency. The former Director […]
Coming Home: Appliance Maker Drops China to Produce in Texas
February 18th, 2010Maybe it’ll be the hip new gimmick. Made in USA. Via: Wall Street Journal: Farouk Shami, a Palestinian-born hairdresser who built a $1 billion manufacturing company around a popular line of hair irons, is moving all of his production of hand-held appliances from China to a sprawling new factory here. The move flies in the […]
Invest in Absurd Construction Project, Get Green Card?
February 18th, 2010Via: Seattle Times: Overseas investors are being pitched a chance to buy into a 45-story condo project in Federal Way, with the added lure of getting a green card for U.S. residency. A 45-story condo tower — in Federal Way? That’s the plan longtime Seattle developer Steve Smith and two Korean-American partners unveiled Wednesday. The […]
Three Tesla Motors Employees Killed in Plane Crash
February 18th, 2010Update: Tesla Plane-Crash Victims Identified Via: San Francisco Chronicle: Musk said the victims were plane owner and pilot Doug Bourn, 56, a senior electrical engineer from Santa Clara; Brian Finn, a 42-year-old senior interactive electronics manager from East Palo Alto; and electrical engineer Andrew Ingram, who lived in Palo Alto and turned 31 on Monday. […]
Drowning in Debt: What the Nation’s Budget Woes Mean for You
February 18th, 2010Three pages of ABC neWz about the snowballing debt crisis and not one word about the WarBama regime’s absurd military spending increases and adventures. Pentagon Black Budget Sees Year Over Year Record Funding; Tops $56 Billion Obama Budget Seeks More Money for Nuclear Weapons Cost of Keeping One U.S. Soldier in Afghanistan Per Year: One […]
South Carolina Lawmaker Seeks to Ban Federal Currency
February 18th, 2010One for your Don’t-Hold-Your-Breath-File folder. Via: CBS News: South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state. As the Palmetto Scoop first reported, Pitts, a Republican, introduced legislation this month banning “the unconstitutional substitution of Federal Reserve Notes for […]
