Archive for November, 2010
In U.S., 14% Rely on Food Stamps
November 5th, 2010Via: Wall Street Journal: A huge number of American households are still relying on government assistance to buy food as the recession continues to batter families. Food stamp recipients ticked up in August, children consumed millions of free lunches and nearly five million low-income mothers tapped into a government nutrition program for women and young […]
Gold: New Record High; Intraday Break Out of Previous Range
November 5th, 2010New high: $1394.20.
Applications for Jobless Benefits Rise Sharply
November 4th, 2010Via: AP: The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines. The increase undermines hopes that unemployment claims, after falling four times in the previous five weeks, were on a sustained downward trend. That would signal layoffs were slowing and hiring was picking up. Instead, claims remain […]
Nuclear Bunker Houses World’s Toughest Server Farm
November 4th, 2010Via: Wired: Deep inside the Swiss Alps, a former nuclear bunker is now the ultimate hiding place for the world’s most sensitive secrets. Wired gains access to the server farm designed to survive a full-scale military attack. … “Sixteen years ago, nobody took us seriously,” Oschwald says. “They said to us, ‘Storing data under a […]
Fed Will Surpass China As Top Holder Of US Debt By The End Of The Month
November 4th, 2010Via: ZeroHedge: What is certain is that on June 30, the Fed’s balance sheet will have $2.68 trillion (or more) in holdings, of which $1.77 trillion will be in Treasurys, compared to the $840 billion today. What is also certain is that the Fed will not be able to stop there. Which is why we […]
Ireland Effectively Closed Out of Bond Markets
November 4th, 2010Via: Breaking News Ireland: As Ireland’s cost of borrowing continues to soar, an analyst has today warned that the bond markets are now effectively closed to Ireland. The interest being sought on 10-year Irish bonds today is creeping towards 8%. Although the country is not currently borrowing money, analyst Paul Somerville says that the increasing […]
University of Arizona Researchers Develop Moving Holographic Display
November 4th, 2010It’s pretty rough, but give it a decade or two. And R2-D2’s holographic projector worked fine with just the air inside the Millennium Falcon. No special media was required. Via: University of Arizona: Remember the Star Wars scene in which R2D2 projects a three-dimensional image of a troubled Princess Leia delivering a call for help […]
DOLLAR: DOWNSIDE BREACH OF MAJOR SUPPORT
November 4th, 2010WARNING: This is not a recommendation to buy, sell or hold any financial instrument.
Panasonic Invests in Tesla
November 4th, 2010Via: Reuters: Tesla Motors has just picked up a $30 million investment from Japanese electronics giant Panasonic. The two companies announced late on Wednesday that Panasonic — a preferred battery cell supplier for Tesla’s electric vehicles — has bought a $30 million stake in the Palo Alto, Calif.-based car maker. Panasonic made the investment through […]
“Internet of Things” Is On The Way
November 3rd, 2010Via: Technofascism Blog: The latest marketing-speak word from the architects of the “Internet of Things” at IBM is “smart.” So, in the near future, when the CIA can log into any device you own–from your toothbrush to your bookshelf–and determine who’s been using them and when and where, that’s not an invasion of privacy–it’s “smart.” […]
