December 2011
49 posts
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Your bank wants to be your friend
exhibita:
“A new wave of startups is working on algorithms gathering data for banks from the web of associations on the internet known as “the social graph,” in which people are “nodes” connected to each other by “edges.” Banks are already using social media to befriend their customers, and increasingly, their customers’ friends. The specifics are still shaking out, but the gist is that...
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Why don't American job seekers learn to sew? →
Double-digit unemployment? These firms can’t find workers
Arezou Rezvani December 24, 2011
LOS ANGELES—When local fashion firm Pinup Girl Clothing tried to ramp up production of its vintage-inspired apparel recently it hit a snag: It couldn’t find anyone to do the work.
The company spent a year trying to add 12 people to its 32-person manufacturing team in downtown Los Angeles....
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What if beer were a commodity at the bar? →
by Rebecca Sheir December 21, 2011
There are all kinds of places in this country where you can trade stocks. We have the New York Stock Exchange and the blue chips; the Nasdaq for tech stocks; the Chicago Mercantile Exchange for commodities. And now, a place in Washington D.C. where your investment is truly liquid.
Read story and listen to podcast »
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THE LAST LEMMING →
by Craig Ballantyne for Sovereign Man December 22, 2011
Listen, even if the world is becoming unglued, there’s nothing you personally can do about global economic problems. Just like there’s nothing the last lemming at the end of the line can do about all the other lemmings in front of it.
However, that last lemming still has a choice. It can take action… because action is the only thing...
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YOUR BANK IS NOT SAFE →
by SIMON BLACK December 21, 2011
Let’s speak plainly. If you are in the United States or Western Europe, chances are incredibly high that your bank is simply not safe. In other words, your money is at risk. Big time. Let’s review some of the chief concerns:
Read more »
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Beware the Coming Bailouts of Europe
Tuesday, December 20, 2011 – by Ron Paul
The economic establishment in this country has come to the conclusion that it is not a matter of “if” the United States must intervene in the bailout of the euro, but simply a question of “when” and “how.” Newspaper articles and editorials are full of assertions that the breakup...
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Watchpolyslime:
America: Freedom to Fascism - Director’s Authorized Version
larger screen version here »
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The Iraq War is officially over.
. . . but only officially.
noordinarymuslim:
Over 1 trillion dollars spent.
4,486 US troops killed.
Over 1 million Iraqis killed in or as a result of the war.
Over 3 million displaced by the war.
Iraq, once one of the wealthiest and best educated countries in the Arab world is now in shambles. This is the cost of “freedom.” Are we at the part where they thank us yet?
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American CEO Pay Up 27% to 40% in 2011, Average... →
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Hunger up in U.S. cities, more to come →
fuckyeahmarxismleninism:
(Reuters) - A survey of 29 U.S. cities shows hunger has risen in most of them in the last year and is largely expected to increase in 2012, the U.S. Conference of Mayors said on Thursday.
Eighty-six percent of the survey cities reported requests for emergency food aid had increased in the last year, the study by the mayors’ group said. Two cities said they had...
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When Governments Get Desperate, Pension Funds are... →
by Sean Hyman December 7, 2011
What happened when Ireland and Hungary’s debts got to large? They raided pension funds…and since “they are the law”, there was nothing anyone could do about it. It was “legal theft”.
Think that was a “one off” event or that those types of things have stopped? Think again! Just this week, Portugal raided their countries pension funds to pay their bills. You can...
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450 Reasons Gold Prices Will Continue to Rise →
by Andy Hecht December 12, 2011
True Value of Paper Money Exposed
The value of a fiat currency – money that gets its value from government laws or regulations; i.e. money without intrinsic value – depends on the full faith and credit of the country that prints it.
Today, given the enormous levels of debt, the US and the European Union are printing more and more paper currency. The process of...
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Another story on how federal regulations screw... →
baseballlibertarian:
News Flash…we don’t live in a free market.
Read the whole article.
I don’t like getting pushed around by anybody: the government, corporations, or fat people on buses. Probably you feel the same way. It’s understandable then, that when a large corporation does something exquisitely evil or recklessly stupid, you may feel inclined to try and regulate the problem...
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Northeast states cut heating aid to poor →
Thousands of poor people across the Northeast are bracing for a difficult winter with substantially less home heating aid coming from the federal government.
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'Scared' colleges buying porn domains →
AP | Dec 10, 2011
ST PAUL: The University of Kansas is buying up website names such as www.KUgirls.xxx and www.KUnurses.xxx. But not because it’s planning a Hot Babes of Kansas site.
Instead, the university and countless other schools and businesses are rushing to prevent their good names from falling into the hands of the pornography industry. Over the past two months, they have...
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“All economists—monetarists, Keynesians, whatever—recognize that there is such a...”
– Milton Friedman, Modern Macroeconomics: Its Origins, Development and Current State (2005)
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8 Tips for Turning Your Nest Egg Into Retirement... →
from Forbes.com 11/23/2011
When it comes to retirement planning, we spend most of our financial lives focused on how much to save and where to save it. But when we retire, it’s a whole different ball game. We recently received a question from someone who is planning to retire soon and was wondering about the best way to withdraw that money from his various investment accounts: a 457 deferred...
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The Fed Tries to Confuse the Record in Battle with... →
Yesterday Fed chairman Ben Bernanke attacked Bloomberg claiming that its reporting was misleading. It looks like the Fed missed the mark on just about every issue.
Perhaps the most important issue is the Fed’s claim that it did not lend at a below market rate to banks, thereby effectively giving them a subsidy. In fact, it is almost definitional that the rate did provide a subsidy.
No one...
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We Just Had A "Rerun" Of Bear Stearns: When Is...
by Tyler Durden on 12/07/2011
As the attached chart showing USD liquidity swap line usage by the ECB, or more specifically by European banks, we have now seen a surge to levels last seen in August 2009. However, more importantly this is where the usage was for the first time after the failure of Bear Stearns, and when everyone thought all had been fixed… until Lehman came. We are there now,...
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The Single Tax: Economic and Moral Implications →
Mises Daily: Tuesday, December 06, 2011 by Murray N. Rothbard
According to the single-tax theory, individuals have the natural right to own themselves and the property they create. Hence they have the right to own the capital and consumer goods they produce. Land, however (meaning all original gifts of nature), is a different matter, they say. Land is God-given. Being God-given, none can justly...
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The Risk of Sovereign Debt →
Mises Daily: Wednesday, December 07, 2011 by David Howden
Collateral debt is in almost all cases collateralized by some asset. A mortgage is backed by the value of the house that it is borrowed against. Student loans are backed against the future earnings ability of the student (or their parents’ income and assets if cosigned). In almost all cases debt is collateralized by the asset that...
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Patriotic or Idiotic? →
A VERY SUBTLE FORM OF THEFT
by SIMON BLACK
Say what you want about him, but Bernie Madoff was a guy who knew how to keep the party going. For years, he ran one of the largest private-sector Ponzi schemes in history and always heeded the golden rule of financial scams: make sure your inflows are greater than your outflows.
He was finally done in when redemptions exceeded new investments. He...
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Europe moves closer to 'Eurogeddon' →
By Jérôme E. Roos On December 6, 2011
The beautiful words about “Europe pulling together” are a mere chimera; what we are really witnessing is just a thinly-veiled theater play in which governments are launching an assault on their own people in the hope that the audience, mostly made up of wealthy bankers, will revel at the spectacle and reward the cast with a warm applause in the form of...
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Statement on the Fed's Continued Euro Bailout
by Ron Paul December 01, 2011
The Fed’s latest actions in cooperating with foreign central banks to undertake liquidity swaps of dollars for foreign currencies is another reason why Congress needs enhanced power to oversee and audit the Fed. Under current law Congress cannot...
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