Here's a headline that hasn't been written in several centuries: an international flotilla of warships is converging to battle piracy.
U.S. warships watched a hijacked vessel laden with tanks while other gunboats patrolled the dangerous waters off Somalia, but pirates still seized another freighter this week — and now hold about a dozen despite the international effort to protect a major shipping lane.
Military vessels from 10 nations are now converging on the world's most dangerous waters, but analysts and a Somali government official say the campaign won't halt piracy unless it also confronts with the quagmire that is Somalia.
trickle-down theory:the economic-political argument that the increases in the earnings of the rich are good for the poor because some of those additional earnings will benefit the middle class and the poor through increased spending, investment, and job creation.
You remember the trickle-down theory that is forever associated with Reagan, don't you? It was only about 18 months ago that the NY Times declared trickle-down theory to be discredited and unable to work in the real world. The article was a devastating indictment to the supply-side crowd.
Yet the moment that Wall Street gets into trouble the economists, the media, and the politicians immediately start robbing the poor and giving to the rich.
Many folks are asking what the hell is going on, how did we get here and who is responsible?
The Washington post has named names on what and who are responsible for this disaster.
The issue at hand was regulation of the derivatives market and Brooksley E. Born wanted to regulate it. This is 1998, the Clinton administration.
It seems Federal Reserve Chairman Alan Greenspan, Treasury Secretary Robert E. Rubin and Securities and Exchange Commission Chairman Arthur Levitt Jr. didn't want any regulation on the growing shadow banking system called derivatives.
Bloomberg reports that industrial production is at it's lowest since 1991.
Manufacturing dropped 2.8% in September.
The Fed Bank of Philadelphia's general economic index plunged to minus 37.5 this month, worse than forecast and the lowest reading since October 1990, from 3.8 in September, the bank said today. Negative readings signal contraction. The index averaged 5.1 last year.
Industrial production fell by much more than expected in the month of September, according to a report released by the Federal Reserve on Thursday, with the report also showing a bigger than expected drop in capacity utilization.
Right now the entire country seems to believe that Democrats will save the day on the economy and we're looking at a super majority for Democrats to gain complete control of the United States Government in this year's election results.
But, is this really true? Between the corporate lobbyists of the left and the corporate lobbyists on the right, will either party truly represent the national interest or working America's interests?
I have a premise that the only way to get the United States moving economically is to start producing, saving, exporting and raising up the middle class. I am not alone in this conclusion:
Now who thinks America is backwards and stuck on stupid? The focus is always on Americans shopping instead of Americans producing. Why doesn't our trade deficit or the shrinking middle class cause such an uproar?
The focus on Americans as simply consumers is part of the problem.
Consumer purchases fell 1.2 percent in September, extending the decline to three straight months, the first time that's happened since comparable records began in 1992, Commerce Department figures showed today. In another sign of weakening demand, prices paid to U.S. producers fell last month on lower fuel costs
He was laid off from his job at NASA, and couldn't find another job as a scientist. In order to support his family, he took a job driving a courtesy van at a Toyota dealership in Huntsville for $10 per hour
From a local story I've heard way too many times, this scientist isolated the gene which caused Jellyfish to glow in the dark.
His grants ran out and he handed over his research to 3 scientists who won the Nobel prize. The prize winners acknowledged they could not have won without his original research.
There are multiple things wrong with this story, the first being that this scientist is driving a bus. The second is why were his grants cut for this raw research and the 3rd is why was he not included in the Nobel Prize winners?
I believe the management we were under was showing favoritism to the oil industry
From CNN, the Minerals Management Service, part of the Department of the Interior, is a cult of corruption. This agency manages oil, gas, minerals on federal lands.
A report, conducted by the Interior Department's inspector general and released earlier this month, found that employees at the agency received improper gifts from energy industry officials and engaged with them in illegal drug use and inappropriate sexual relations. It looked at activities at the agency from 2003 through 2006
A whistle blower lost his job and was told to not investigate why Shell Oil had raised its oil transportation costs in their contract with the Government.
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