THE MELTDOWN OF ALL MELTDOWNS
Disclose.tv – THE MELTDOWN OF ALL MELTDOWNS
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At 77 He Prepares Burgers Earning in Week His Former Hourly Wage
It seems like another life. At the height of his corporate career, Tom Palome was pulling in a salary in the low six-figures and flying first class on business trips to Europe. Today, the 77-year-old former vice president of marketing for Oral-B juggles two part-time jobs: one as a $10-an-hour food demonstrator at Sam’s Club, […]
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Bakken – Hype Versus Reality
As Wall Street, CNBC, and feckless politicians tout American energy independence from the miracle of shale oil, reality is already rearing its ugly head. Production grew by 24% over the first six months of 2012. Production has grown by only 7% over the first six months of 2013. That is a dramatic slowdown. The fact […]
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A River of American Money Flows to D.C.
Jeffrey H. Anderson September 23, 2013 12:50 PM The question at the core of most of today’s debates in American politics is whether all people have an unalienable right to keep the fruits of their own labor—as the Founders believed and the Declaration of Independence (properly understood) asserts—or whether the government should funnel vast sums […]
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Global Intel Hub relies on users like you to support our cause and to build infrastructure. The founders contribute their time, content, and analysis; but in order to build a private members-only internet, we will require funding. If you feel that what we provide in the hub is valuable, please consider making a donation that […]
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Summary of the Spy Scandal
Revelations about the breathtaking scope of government spying are coming so fast that it’s time for an updated roundup: The government is spying on essentially everything we do. It is not just “metadata” … although that is enough to destroy your privacy The government has adopted a secret interpretation of the Patriot Act which allows […]
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The roots of shadow banking
CEPR: THE ROOTS OF SHADOW BANKING Enrico Perotti Univ of Amsterdam, DSF and DNB Download PDF
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The sky is not falling – it’s already fallen
It’s no fun being a cynic, thinking that everything is bad and getting worse. It’s easy–especially in the security community–but it’s not fun. But, in light of the latest in the interminable string of revelations about the NSA’s efforts to eat away at the foundation of the security industry, the only alternative available is the […]
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RSA warns over NSA link to encryption algorithm
RSA believes one of its algorithms may be compromised RSA, the internet security firm, has warned customers not to use one of its own encryption algorithms after fears it can be unlocked by the US National Security Agency (NSA). In an advisory note to its developer customers, RSA said that a default algorithm in one […]
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Chart Of The Day: The Fed’s “Renormalization” Shock (All 600 bps Of It)
As we noted earlier, Bernanke’s actions this week make it very clear that between “financial conditions” and the fragility of growth, the US is incapable of surviving without ZIRP and QE (for now). As Barclays notes, ultimately, normalisation should proceed according to a timeline that does not threaten recovery, yet will result in a neutral […]
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