Tag: big business
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econocrash: hack n’ slash
goldman, jpmorgan not affected by executive-salary capsfrom bloomberg: Executives at Goldman Sachs Group Inc., JPMorgan Chase & Co. and hundreds of financial institutions receiving federal aid aren’t likely to be affected by pay restrictions announced yesterday by President Barack Obama. The rules, created in response to growing public anger about the record bonuses the financial…
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phelps unites pot smokers
from raw replay: CNN’s Jeanne Moos reported that the photo of Michael Phelps smoking a bong has united pot smokers on the internet. This video is from CNN’s American Morning, broadcast Feb. 4, 2009. related: phelps takes a hitflashback: a positive drug story update: kellogg drops phelps over pot smoking photofrom ap: Cereal and snack…
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econocrash: execs, tycoons, darker markets & the porn bailout
manufacturing falls to 28yr lowfrom washington post: U.S. manufacturing activity decreased in December at its fastest pace in nearly 30 years, as businesses cut production and slashed product orders in response to the global recession, according to a closely watched survey. The Institute for Supply Management’s index of industrial production slipped from 36.2 percent in…
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econocrash: bailouts, sellouts, jobcuts & war
US jobless rolls climb to 26yr highfrom bloomberg: More Americans are collecting jobless benefits than at any time in the last 26 years as companies rush to cut costs in a sinking economy. The number of people on unemployment benefit rolls rose to 4.09 million in the week ended Nov. 22, the most since December…
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daily dose of terror: financial crisis, pandemic, defense & dhs
US will default in ’09from greg nixon: Some of the articles below are a few weeks old but still timely. I agree with the conclusion of Jesse’s Cafe that the United States will have to default on its debt. I see this possibly before the summer of ’09. How this will play out is of…
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econocrash: unemployment, protests, transparency & theft
unemployed nationfrom abcnews: Carol Steinbrecher is a 55-year-old mother of three who, like many Americans, has spent most of her life working hard to provide the best for her family. But today she is part of another group of Americans, one that is growing larger every day: the unemployed. In the first ten months of…
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shell nets 25yr monopoly on natural gas in southern iraq
from raw story: Royal Dutch Shell oil company and the Iraqi Oil Ministry have struck a secret, as-of-yet non-binding agreement that gives a monopoly over southern Iraq’s natural gas to the energy giant. It marks the first time in over 35 years a Western oil company has played a major role in the country’s most…
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edwin black’s ‘plan,’ much-needed rational roadmap for oil interruption
from cutting edge news: I was expecting a dark tale of gloom and doom, a post-apocalyptic tableau of a born-again, prehistoric oil-free society. After all, Edwin Black is the author of the chillingly revelatory IBM and the Holocaust, a disheartening exposé of America’s disgusting attraction to the racist pseudo-science of eugenics, War Against The Weak,…
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free nationwide wi-fi network to censor political websites
as usual being done under the anti-porn pretext…’won’t somebody please think of the children!’from paul joseph watson: Both individual proposals to roll out free nationwide wi-fi Internet access across the United States contain language indicating that political websites deemed “offensive” will be filtered out and blocked. The implementation of a universal wi-fi network covering the…
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gm & ford ‘on the verge of bankruptcy’
from bloomberg: General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University’s Stern School of Business. “Both are in very serious shape and the markets reflect that,” Altman, the creator of…
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budweiser goes foreign; mom & apple pie next
belgians buy budweiser brewerfrom ap: Anheuser-Busch, the maker of Budweiser and Bud Light, has agreed to a takeover by a giant Belgian brewer, a union that creates a global beer leader and brings to an end one of the most iconic names in American business. The board of directors of Anheuser-Busch Cos. Inc. on Sunday…
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banksters team up to buy weather channel
from dealbook: An investor group led by NBC Universal and two private equity firms clinched a deal for the Weather Channel on Sunday, after three weeks of negotiations over the sale of the weather news giant. Though the parties did not disclose the price, the buyers – NBC and the private equity firms Bain Capital…
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fcc ok’s clear channel buyout
mitt romney & bain capital’s deal will make largest US radio broadcaster privatefrom ap: The Federal Communications Commission has signed off on the $19.5 billion deal that will take the nation’s largest radio broadcaster private, an agency official said Thursday. San Antonio-based Clear Channel Communications Inc. grew into a media giant and punching bag for…
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mitt romney to buy clear channel
from lew rockwell: What would it cost to buy the support of just about every nationally-syndicated neocon talk show host in America? About $19.5 Billion, which is what Mitt Romney’s private equity firm, Bain Capital, and Thomas H. Lee Partners have agreed to pay in a leveraged buyout agreement with Clear Channel Communications, the largest…
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giuliani did business with sheikh tied to 9/11 plot
from huffington post: Giuliani’s bid for the GOP nomination may be on the verge of capsizing amidst a perfect storm of sex, money and terrorists. Links to terrorists, that is. Oy. Ben Smith of Politico.com posted a story of Giuliani’s shady financial records while mayor, but it is Wayne Barrett of The Village Voice with…