Entries for December 2008
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Panicked investors send gold demand up 56%
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| By Catherine Boyle | Times Online | Nov. 20, 2008
Demand for gold smashed the previous record in the three months between July and September as fearful investors switched funds from the stock market and savings into ingots and coins, often storing them at home as their trust in banks fell. Read
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Economics ::
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Ford's Viability Plan Outlines Shift Toward "Electrified Vehicles"
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| Huffington Post | Dec. 3, 2008
Joe Romm at ClimateProgress gives Ford's viability plan a good grade:
Assuming we believe they will do what they say, the reports reveal a fair amount about the company's plans for cleaner car. Interestingly, Ford does not use the word "hydrogen" or "fuel cell" at all -- a huge shift from even a year ago when briefings that I received from the car company suggested they were still enamored of "The car of the perpetual future." For Ford, the future now seems to be electrons: Read
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Corporations & Industry ::
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CNN Censors Federal Reserve Rant?
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| By Paul Joseph Watson | Prison Planet.com | Dec. 4, 2008 Technical difficulties or deliberate censorship? CNN does not usually afford a soapbox to Peter Schiff because he’s one of a rare breed of financial analysts, he can actually identify the root of the problem - the Federal Reserve. Read
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Media, Video ::
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Thursday: 2 US Soldiers, 96 Iraqis Killed; 171 Iraqis Wounded
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| By Margaret Griffis | AntiWar.com | Dec. 4, 2008
At least 96 Iraqis were killed or found dead and another 171 were wounded in today's attack. Two U.S. soldiers were killed during a suicide bombing as well. A significant bombing occurred in Fallujah, while mass graves continue to be found in Diyala province. Meanwhile, U.S. President Bush welcomed the news that the Iraqi council gave their final approval to a U.S.-Iraqi security agreemen. Also, Azerbaijani troops formally handed over their operations to Iraqi troops during a ceremony ending their mission in Iraq. Read
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War & The Military ::
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A Look Inside a Facebook for the Filthy Rich
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| By Chris Snyder | Wired | Dec. 3, 2008
Recession — and social network glut — be damned! Frank DeRose, managing partner of Ferrata Capital Management, plans to invest at least $1 million into Total Prestige, an invitation-only networking site for one of the world's most underserved internet demographics: the super- and super-duper rich. Read
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The Elite & Occult ::
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A Textbook Example Of Gold Manipulation
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| By Patrick A. Heller | Numismaster.com | Dec. 2, 2008
Those who really understand what happens in the gold market have long observed the following pattern: If there is some significantly poor economic or financial news that will be released during the day, invariably there is an unexpected decline in the price of gold either before or at the same time that the news is released to the public. Read
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Economics ::
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The Neo-Alchemy of the Federal Reserve
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| By Rep. Ron Paul | House.gov | Dec. 1, 2008
As the printing presses for the bailouts run at full speed, those in power are no longer even pretending that the new giveaways will fix our problems. Now that we are used to rewarding failure with taxpayer-funded bailouts, we are being told that this is “just a start,” more funds will inevitably be needed for more industries, and that things would be much worse had we done nothing. Read
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Economics ::
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