Aug 24, 2011 Posted by admin

Obama protects big banks

A power play is underway in the foreclosure arena, according to the New York Times. On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into the era of securitizations – the practice of chopping up assets like mortgages and converting them into saleable securities – that led up to the financial crisis of 2007-2008. On the other side is the Obama... read more

Aug 24, 2011 Posted by admin

Wind power cheaper than natural gas

The Brazilian authorities have this week confirmed that wind power in the country currently costs less than natural gas, after a series of energy auctions saw wind farm operators undercut other forms of energy generation. Seventy-eight wind power projects won contracts in last week’s energy auctions held by Brazil’s National Electric Power Agency, totalling 1,928MW and priced at approximately... read more

Jun 22, 2011 Posted by admin

British Police Arrest Man in Hacking Case

The police in Britain have arrested a 19-year-old man in connection with digital attacks on businesses and government agencies “by a single hacking group,” the Metropolitan Police said Tuesday in a statement. The police did not identify the man or the hacking organization. Suspicion immediately fell on two groups: Anonymous, a shadowy international network of computer hackers, and Lulz Security, a... read more

May 23, 2011 Posted by admin

The Manufacturing Rebound Is a Myth

Talk of a manufacturing revival is in the air. America has, in fact, gained a quarter-million industrial jobs (source) since the start of 2010. Unfortunately, this is less than 15 percent of the number lost during the recession. Furthermore, after this teasing uptick, U.S. manufacturing output seems to be stalling again. So it worth revisiting a much denied fact I have written about before here and here:... read more

May 21, 2011 Posted by admin

YouTube – Syria Mass Protests 20 May 2011. Homs – Hawla Town Part 1/2. The People want freedom

Bashar Al-Assad’s official Mafia (secret police) is using snipers and tanks to target peaceful protesters in Syria The people of Syria want to end the illegitimate rule of Bashar Al-Assad and his Mafia via YouTube – Syria Mass Protests 20 May 2011. Homs – Hawla Town Part 1/2. The People want... read more