Archive for August, 2011
U.S. Equities Selling Off
August 10th, 2011Warning: This is not a recommendation to buy, sell or hold any financial instrument. Spot Gold: $1797.87 Comex Gold Futures: $1801 — Spot Gold: 1785.00 — DJIA -4% Spot Gold: New record high, $1779.79. — DJIA and NASDAQ are both down over 3% at the moment.
School Bans Vonnegut’s Slaughterhouse-5, So Vonnegut Library Gives Copies to Students for Free
August 10th, 2011Via: io9: Most of us regard Kurt Vonnegut’s classic novel Slaughterhouse-Five as a masterpiece of thought-provoking science fiction, but the School Board of Republic High School in Missouri felt differently. They decided to ban the novel. And in response, the Vonnegut Memorial Library offered to provide a free copy to any of the 150 students […]
Dylan Ratigan Rant Over Political and Economic System Designed to “Extract America”
August 10th, 2011I hardly ever see these talking heads shows, so I don’t know if this type of thing happens often. Apologies if this is just standard fare on the TV nowadays. Ratigan’s description of the issue represents a lie by omission, and his prescription would perpetuate the problem. Mainly, I liked how workers in the background […]
Japan Ignored Radiation Forecasts; Used School Downwind of Fallout Plume as Evacuation Center
August 10th, 2011Via: AP: Japan’s system to forecast radiation threats was working from the moment its nuclear crisis began. As officials planned a venting operation certain to release radioactivity into the air, the system predicted Karino Elementary School would be directly in the path of the plume emerging from the tsunami-hit Fukushima Dai-Ichi nuclear plant. But the […]
Dollar Declines The Most Against Swiss Franc In At Least 40 Years
August 10th, 2011Via: Bloomberg: The dollar tumbled the most in at least 40 years against the Swiss franc after the Federal Reserve pledged to keep its key interest rate at a record low at least through mid-2013 to revive the flagging economic recovery. The greenback declined versus the majority of its most- traded peers as the Fed […]
Verizon Reports Sabotage as Workers Continue Strike
August 10th, 2011Via: Boston Herald: Verizon Communications Inc. reported a dozen cases of sabotaged cable lines and warned of delays in repairs and customer service on the second day of a strike involving about 45,000 employees. The telecommunications company said there have been 12 acts of sabotage to telephone lines and to Internet and television services in […]
“Markets Spasm” Rally
August 9th, 2011Via: AP: Stocks are rising at the closing of trading after the Federal Reserve said it has discussed policy moves it can make to spur the economy. The Fed also said growth has been slower than expected. The Dow Jones industrial average is closing up 429 points, or 4 percent, to 11,239.77. Stocks rallied in […]
Britain: Photography in Public Places
August 9th, 2011HA, it’s attack of the reflective vest zombie army. Via: YouTube: Research Credit: JH
Gold Hits $1,778 in Biggest 3-Day Rally Since 2008
August 9th, 2011Via: Reuters: Gold hit a record high on Tuesday in its biggest three-day rally since the depths of the financial crisis in 2008, as investor fears over the threat to the global economy from the European and U.S. debt crises hit assets seen as higher risk. Though spot prices retreated from highs as stock markets […]
S&P Cuts AAA Ratings on Thousands of Municipal Bonds After U.S. Downgrade
August 9th, 2011Via: Bloomberg: Standard & Poor’s lowered the AAA ratings of thousands of municipal bonds tied to the federal government, including housing securities and debt backed by leases, following its Aug. 5 downgrade of the U.S. The rating company assigned AA+ scores to securities in the $2.9 trillion municipal bond market including school- construction bonds in […]
