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Category Archives: Business / Economics
Winner Takes All: The Super-Priority Status of Derivatives
Derivatives Managed by Mega-Banks Threaten Your Bank Account. All Depositors, Secured and Unsecured, May Be at Risk Guest post by Ellen Brown, http://www.WebofDebt.com. Cyprus-style confiscation of depositor funds has been called the “new normal.” Bail-in policies are appearing in multiple … Continue reading
Nuclear Plant Operator’s Recklessness Leads to Massive New Leaks
Massive New Water Leaks at Fukushima An official Japanese Parliamentary inquiry found that recklessness by the operator of the Fukushima nuclear reactors caused the Fukushima disaster. Tepco subsequently admitted as much. Tepco’s recklessness – and nickel-and-diming cheapness – in dealing … Continue reading
Former U.S. Nuclear Chief: American Nuclear Plants Should Be Phased Out — “Can’t Guarantee Against Accident Causing Widespread Land Contamination”
Nuclear Regulators Just “Rolling the Dice” Energy intelligence reports: Former Nuclear Regulatory Commission (NRC) Chairman Gregory Jaczko says that the current fleet of operating plants in the US should be phased out because regulators can’t guarantee against an accident causing … Continue reading
Big Banks and D.C. Politicians Doing the EXACT SAME THINGS Which Caused the Financial Crisis In the First Place
Instead of Changing their Behavior to Prevent Another Crisis, the Powers-That-Be Double Down On the Strategies that Caused the Financial Crisis In the First Place Liberals blame deregulation and reckless Wall Street greed for the economic crisis. Conservatives blame bad … Continue reading
Inequality – Both Economic and In Access to Liberty And Justice – Skyrockets to Historic Levels
Poverty Spikes In America … While the Government Throws Money at the Super-Elite AP reports that the U.S. is seeing the highest spike in poverty since the 1960s, and notes: According to a report by the non-partisan Congressional Research Service … Continue reading
Overwhelming Majority of Americans Want to Break Up Big Banks
50% In Favor of Directly Breaking Them Up … Many More In Favor of Stopping Artificial Support and Letting them Shrink On Their Own A new Huffington Post/YouGov poll finds: Sixty-one percent of respondents said that banks and other financial … Continue reading
(Updated) Ending Nuclear Power DECREASED Carbon Dioxide Output In Germany
Nuclear Power INCREASES Carbon Dioxide There has been a tremendous amount of voodoo science pushing the claim that radiation isn’t harmful. (It is.) Similarly, a new report published by Environmental Science & Technology claims that nuclear power saves more … Continue reading
Fake Science Alert: Fukushima Radiation Can’t Be Compared to Bananas or X-Rays
Nuclear Energy Apologists Are Going Bananas Nuclear apologists pretend that people are exposed to more radiation from bananas than from Fukushima. But the EPA explains: The human body is born with potassium-40 [the type of radiation found in bananas] in … Continue reading
Is Fukushima Radiation Causing the Epidemic of Dead and Starving Sea Lions In California?
Painting by Jonathan Raddatz What’s Causing the Mass Die-Off and Starvation of California Sea Lions? Associated Press reports: At island rookeries off the Southern California coast, 45 percent of the pups born in June have died, said Sharon Melin, a … Continue reading
World’s Top Sovereign Debt Expert: Cyprus May Need a Second Bailout
And the Taboo Against Grabbing Depositors’ Money Has Now Been Broken Lee Buchheit – the world’s leading expert on sovereign debt – explains the Cyprus fiasco, says that a second bailout may be needed, and explains that the deposit grab … Continue reading