Archive for April, 2010
Mysterious Radio Waves Emitted from Nearby Galaxy
April 14th, 2010Via: New Scientist: There is something strange in the cosmic neighbourhood. An unknown object in the nearby galaxy M82 has started sending out radio waves, and the emission does not look like anything seen anywhere in the universe before. “We don’t know what it is,” says co-discoverer Tom Muxlow of Jodrell Bank Centre for Astrophysics […]
Arizona Passes Strict Immigration Bill; Gives Police the Power to Stop and Verify the Immigration Status of Anyone Suspected of Being Illegal
April 14th, 2010Your papers, please. Via: Wall Street Journal: Arizona lawmakers on Tuesday passed one of the toughest pieces of immigration-enforcement legislation in the country, which would make it a violation of state law to be in the U.S. without proper documentation. It would also grant police the power to stop and verify the immigration status of […]
Nuclear Blast Victims Would Have to Wait for Obamacare
April 14th, 2010Via: USA Today: The White House has warned state and local governments not to expect a “significant federal response” at the scene of a terrorist nuclear attack for 24 to 72 hours after the blast, according to a planning guide. President Obama told delegates from 47 nations at the Nuclear Security Summit on Tuesday that […]
Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court
April 14th, 2010Via: Bloomberg: The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said. Continued legal appeals will delay or block the first public look at details of the central bank’s $2 trillion in emergency lending […]
For Joe Average, It’s Impossible to “Get By” in the U.S.
April 13th, 2010Don’t miss this one. Via: ZeroHedge: While the market cheers on the fantastic job “growth” of March 2010, the more astute of us are concerned with a growing tide of personal bankruptcies. March 2010 saw 158,000 bankruptcy filings. David Rosenberg of Gluskin-Sheff notes that this is an astounding 6,900 filings per day. This latest filing […]
IMF Executive Board Approves Ten Fold Expansion of Fund’s Borrowing Arrangements Related to Financial Crisis Management
April 13th, 2010Can you feel the Recovery? Via: IMF: The Executive Board of the International Monetary Fund (IMF) today approved a ten-fold expansion of the Fund’s New Arrangements to Borrow (NAB) and the transformation of the Fund’s premier standing credit arrangement into a more flexible and effective tool of crisis management. The NAB will be increased by […]
Britain Is In A Far Worse Financial Crisis Than Many Realise
April 13th, 2010Via: Independent: In the past week our politicians have put on their most serious faces and addressed the economy. They have got into a wrangle about National Insurance contributions. Labour wants to increase them; the Tories don’t. A lot of heat has been generated, much ink spilt. What it suits none of them to tell […]
Toxic Beef, Rejected by Mexico, Sold in U.S.
April 13th, 2010Via: USA Today: Beef containing harmful pesticides, veterinary antibiotics and heavy metals is being sold to the public because federal agencies have failed to set limits for the contaminants or adequately test for them, a federal audit finds. A program set up to test beef for chemical residues “is not accomplishing its mission of monitoring […]
The World’s Biggest Arms-Makers
April 13th, 2010I guessed that the top spot would be held by Lockheed, and by a large margin. Nope. Via: Economist: BAE Systems, a British firm, took the top spot as the world’s largest arms manufacturer in 2008. This is largely because the company has pursued a strategy of expanding the American side of its business in […]
Washington Mutual Created ‘Mortgage Time Bomb’
April 13th, 2010Perhaps the Racketeer Influenced and Corrupt Organizations Act should be related reading for this story: The Racketeer Influenced and Corrupt Organizations Act (commonly referred to as RICO Act or RICO) is a United States federal law that provides for extended criminal penalties and a civil cause of action for acts performed as part of an […]
