Archive for August, 2010
Irish Unemployment Reaches 13.7 Percent, 16-Year High
August 6th, 2010Via: Bloomberg: Ireland’s unemployment rate has reached a 16-year high of 13.7 percent as idle university students and laid-off professionals joined the welfare lines, the Central Statistics Office reported Thursday. Economists said July’s rise from the previous monthly rate of 13.4 percent was sharper than expected. The government said it reflected, in part, a surge […]
Pakistan Floods Affect 12 Million
August 6th, 2010Via: Al Jazeera: About 12 million people have now been affected by Pakistan’s worst floods in 80 years, disaster officials have said, raising previous estimates by three times. Nadeem Ahmed, chairman of the National Disaster Management Authority, said that the figure only applied to the northwestern Khyber Pakhtunkhwa and central Punjab provinces, with figures from […]
New Jersey City Prepares to Shut Down Library System
August 6th, 2010Via: Philadelphia Enquirer: Camden is preparing to permanently shut its library system by the end of the year, potentially leaving residents of the impoverished city among the few in the United States unable to borrow a library book free. At an emotional but sparsely attended meeting of the library board Thursday, its president, Martin McKernan, […]
U.S. Government Funding Program to Train Foreign Workers So American Firms Can Outsource Jobs
August 5th, 2010In other news: The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday. Via: Information Week: Federally-backed program aims to help outsourcers in South Asia become more fluent in areas like Java programming—and the English […]
40 Billionaires Pledge to Give Away Half of Wealth
August 5th, 2010Yep, we can’t get those flying syringes fast enough. Via: MSNBC: A little over a year after Bill Gates and Warren Buffett began hatching a plan over dinner to persuade America’s wealthiest people to give most of their fortunes to charity, more than three-dozen individuals and families have agreed to take part, campaign organizers announced […]
WHEAT HALTED; RUSSIA IMPOSES EXPORT BAN
August 5th, 2010In other news, Speculators Rediscover Agricultural Commodities. Via: Reuters: Chicago wheat markets jumped 8 percent to near two-year highs on Thursday, twice triggering trading curbs to restore order before easing back after Russia said it would temporarily halt grain exports. Russia’s worst drought on record has devastated crops in parts of the country and sent […]
Google’s CEO: Technology Good, Anonymity “Dangerous”
August 5th, 2010Via: Cnet: For those concerned with privacy, Google CEO Eric Schmidt gave them a few more things to start worrying about.
Cisco’s Sub Second Melt Up and Identifying Crop Circles in the High Frequency Market Data
August 5th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Last week, Cisco (CSCO) was halted because the new “circuit breaker” rule kicked in. The price had moved more than 10% in five minutes (ABC/Reuters): Trading in Cisco Systems Inc shares was briefly halted on Thursday after triggering a circuit breaker. […]
The Death of Paper Money
August 5th, 2010Dying of Money: Lessons of the Great German and American Inflations by Jens O. Parsson: Amazon, HTML, PDF. Via: Telegraph: As they prepare for holiday reading in Tuscany, City bankers are buying up rare copies of an obscure book on the mechanics of Weimar inflation published in 1974. Ebay is offering a well-thumbed volume of […]
Cryptogon Reader On Giving Up His American Citizenship: The U.S. Government Is “The Largest Criminal Organization In The World”
August 5th, 2010Mike Gogulski’s site is: nostate.com.
