Archive for January, 2013
Larger Student Loan Debts, Less Ability to Repay
January 31st, 2013So it goes… Via: CNBC: Americans now owe an average of $27,253 in student loans as the delinquency rate has increased by more than 47 percent since 2005, according to a new report. Some 27 million borrowers, or slightly more than 13 percent of the country, have two or more outstanding student loans, according the […]
Hackers in China Attacked The New York Times for Last 4 Months
January 31st, 2013Via: New York Times: For the last four months, Chinese hackers have persistently attacked The New York Times, infiltrating its computer systems and getting passwords for its reporters and other employees. After surreptitiously tracking the intruders to study their movements and help erect better defenses to block them, The Times and computer security experts have […]
The Rise of the Permanent Temp Economy
January 31st, 2013Via: New York Times: Politicians across the political spectrum herald “job creation,” but frightfully few of them talk about what kinds of jobs are being created. Yet this clearly matters: According to the Census Bureau, one-third of adults who live in poverty are working but do not earn enough to support themselves and their families. […]
Cryptogon Reader Sends Contribution
January 31st, 2013Eileen sent $75. Thank you.
The Hugo Chavez ‘Socialist Revolution’ Nets Goldman Sachs et al. About 15% a Year
January 31st, 2013Same as it ever was: Wall Street and the Bolshevik Revolution: The Remarkable True Story of the American Capitalists Who Financed the Russian Communists by Anthony C. Sutton Via: Bloomberg: Since taking office in 1999, Hugo Chavez has spread his socialist revolution in Venezuela by seizing more than 1,000 companies. For bondholders that stuck by […]
What to Do with Thousands of Tons of Radioactive Scrap Metal? Recycle It Into Consumer Goods
January 31st, 2013Via: Wall Street Journal: The Department of Energy is proposing to allow the sale of tons of scrap metal from government nuclear sites—an attempt to reduce waste that critics say could lead to radiation-tainted belt buckles, surgical implants and other consumer products. The department, in a document released last month, said the recycling proposal is […]
Disclosure: I’m Long PowerShares DB Agriculture (DBA)
January 31st, 2013Warning: This is not a recommendation to buy, sell or hold any financial instrument. I bought some DBA.
China’s Filthy Air Prompts Mask Rush and Sale of Fresh Air in Cans
January 30th, 2013Via: ABC: For the fourth time this year, a murky haze has descended over north China, leaving residents of Beijing choking on toxic smog. China’s air hasn’t been this bad since 1954, according to the state-run People’s Daily newspaper. In a remarkable record of dirty air, 24 out of January’s first 29 days this year […]
For 40 Years, This Russian Family Was Cut Off From All Human Contact
January 30th, 2013Via: Smithsonian: In 1978, Soviet geologists prospecting in the wilds of Siberia discovered a family of six, lost in the taiga.
Arkansas Town Enacts Martial Law
January 30th, 2013Via: Salon: Following a rise in violent crime in Paragould, an Arkansas town of around 26,000 residents, the mayor and police chief announced that starting this month police in SWAT gear carrying AR-15s would patrol the streets. “If you’re out walking, we’re going to stop you, ask why you’re out walking, and check for your […]
