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American Universities, Local Police, stock up on 18 ton military armor protected vehicles

Local American forces are becoming militarized with battle tested soldier gear.  The latest is an 18 ton armor protected military fighting vehicle (not a transport vehicle).  Police say this will help better ‘serve and protect’ – but there have already been cases of abuse, with some selling the gear on ebay, and others letting their […]

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The 10 Corporations That Control Almost Everything You Buy – Illusion of Choice

We are presented choices; Coke vs. Pepsi, KitKat vs. Snickers, etc.  Tracing back 99% of products we are offered as choices leads back to 10 main corporations.  While these represent the retail market, the same is true for most components of society, politics, defense, computing, healthcare.  Also interesting is how although even the 10 corporations […]

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Banks warn Fed of possible charges to depositors, negative interest rate

Banks have warned that if the Fed lowers the deposit rate on deposits they hold at the Fed (currently .25%) they would need to pass on the cost to the end user (depositor) to cover costs of Federal Insurance (FDIC) and other overhead costs associated with holding deposits.  Passing on fees to customers would likely […]

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Uncontrolled Global Nuclear Radiation Risk

A risky maneuver of the melted Fukushima Daiichi reactor could cause a significant risk for uncontrolled global nuclear radiation, say experts: After repeated delays since the summer of 2011, the Tokyo Electric Power Company has launched a high-risk operation to empty the spent-fuel pool atop Reactor 4 at the Dai-ichi (No.1) Fukushima Nuclear Power Plant. […]

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The World’s 2170 Billionaires Control $33 Trillion In Net Worth, Double The US GDP

Apparently, 2170 people control more wealth than twice the GDP of the United States, supposedly the most economically strong country in the world.  Their wealth has increased by 60% since 2009.  They largely operate behind the scenes, but considering their economic influence, they should not be disregarded as just benefactors of a good economy.  If […]

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Economics revolution brewing against neoclassical, orthodox economics

The Soviets had an expression about the paradoxes in the Capitalist West, that they would sell each other nooses to kill themselves.  It appears that due to the transformation of the educational system to a market based system, and less so of an abstract academic, intellectual nature (where students pay and expect to get a […]

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Fed may taper if data meet criteria

In typical Fedspeak, the Fed has said absolutely nothing while discussing tapering, saying that they may taper if conditions warrant, with an unknown amount. *FOMC SAW `SEVERAL SIGNIFICANT RISKS’ REMAINING FOR ECONOMY  *FED TAPER LIKELY IN COMING MONTHS ON BETTER DATA, MINUTES SHOW *METLIFE FOUNDATION, SESAME WORKSHOP PARTNER TO PROVIDE FINL *FOMC SAW DOWNSIDE RISKS […]

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America placing bets on online gambling

As the crisis forces local governments to seek new sources of revenue, due to a deteriorating financial situation for many of them, facing bankruptcy or worse; local governments are getting creative.  Some have imposed strange new taxes, but many have fallen back on the age old industry; gambling.  Gambling has had an interesting history in […]

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