Archive for December, 2014
Oil Still Dropping
December 16th, 2014$53.80. Via: Reuters: U.S. stock index futures fell on Tuesday as a slide in the Russian rouble and crude oil prices sent traders fleeing risky assets. The rouble (RUB=) lost more than 17 percent against the U.S. dollar even after Moscow’s central bank hiked its main interest rate to 17 percent from 10.5 percent. Brent […]
Massacre: Taliban Storms Pakistan School, Killing 126, Mostly Children
December 16th, 2014Via: USA Today: Taliban gunmen stormed a school in Pakistan on Tuesday, killing at least 126 people, mostly children, that country’s government said. Hours after the attack, it was still not clear if hostages were being held or whether the militants were killed by Pakistan’s military. The attack began in the early morning, with the […]
New Zealand: “Are Electricity Prices Rising Too Quickly?”
December 16th, 2014Disclosure: I sell solar power systems in New Zealand. There are multiple retailers, so a functional market must exist! Right? Cartel. Cartel. Cartel. This is a word that crooks on both the left and right hope you’ll never understand. Cartel: In economics, a cartel is an agreement between competing firms to control prices or exclude […]
Iraq War Veteran Suspected in 6 Fatal Pennsylvania Shootings Still at Large
December 15th, 2014Via: Los Angeles Times: An Iraq war veteran suspected in a shooting rampage that left six of his estranged family members dead remained at large late Monday as the manhunt continued north of Philadelphia. The victims included his ex-wife, her mother, her grandmother, her sister, her brother-in-law and a niece. A nephew was wounded. Former […]
Reposit Power
December 15th, 2014Disclosure: I sell solar power systems in New Zealand. Via: REneweconomy: A Canberra-based company is to introduce new technology that it says could help turn electricity markets on their head – by allowing households to buy and sell electricity on the market. The buying and selling of electricity has hitherto been the province of large […]
Russia Defends Ruble With Biggest Rate Rise Since 1998
December 15th, 2014Via: Bloomberg: Russia took its biggest step yet to shore up the ruble and defuse the currency crisis threatening its stricken economy. In a surprise announcement just before 1 a.m. in Moscow, the Russian central bank said it would raise its key interest rate to 17 percent from 10.5 percent, effective today. The move was […]
The Devalued American Worker
December 15th, 2014Via: Washington Post: The American economy has stopped delivering the broadly shared prosperity that the nation grew accustomed to after World War II. The explanation for why that is begins with the millions of middle-class jobs that vanished over the past 25 years, and with what happened to the men and women who once held […]
Strikes Across Belgium Cause Transport Chaos
December 15th, 2014Via: BBC: A nationwide strike in Belgium has brought air, rail and road transport to a standstill and forced many businesses to close. Hundreds of flights to and from Belgium have been cancelled, as well as Eurostar services to Brussels. The widespread industrial action is the latest in a series of strikes protesting against the […]
Australia: Hostage Situation in Sydney
December 14th, 2014Update: Hostage-Taker Was Dropped From Watch List Via: Reuters: A gunman responsible for a deadly siege in a Sydney cafe was once on the national security agency’s watch list — but was dropped off it years ago for reasons that remain unclear, Australia’s prime minister said Wednesday. — Update: Gunbattle, Three People Confirmed Dead Including […]
Afghanistan War: One Trillion Dollars
December 14th, 2014Hope + Change we can believe in = Priceless Via: Financial Times: The Afghanistan war, the longest overseas conflict in American history, has cost the US taxpayer nearly $1tn and will require spending several hundred billion dollars more after it officially ends this month, according to FT calculations and independent researchers. Around 80 per cent […]
