With everything that’s happening in the world today, from Iraq to Syria to Ukraine, Saudi Arabia and Iran, this has to be the most exciting and volatile period in the history of mankind. (more…)
A bill filed in the Utah state house yesterday would deny critical resources – like water – to the massive NSA data center there should it pass.
House Bill 150 (HB150), introduced by Rep. Marc Roberts, would require that the water being supplied to the NSA’s data center in Bluffdale be shut off as soon as the city’s $3 million bond is paid off. (more…)
Billionaire Jeff Greene, who amassed a multibillion dollar fortune betting against subprime mortgage securities, says the U.S. faces a jobs crisis that will cause social unrest and radical politics.
“America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence,” Greene said in an interview today at the World Economic Forum in Davos, Switzerland. “We need to reinvent our whole system of life.” (more…)
By Joe Carroll
Oil drillers will begin collapsing under the weight of lower crude prices during the second quarter and energy explorers who employ them will shortly follow, according to Conway Mackenzie Inc., the largest U.S. restructuring firm.
Companies that drill wells and manage fields on behalf of oil producers will be the first to fall after the benchmark American crude, West Texas Intermediate, lost 57 percent of its value in seven months, said John T. Young, whose firm led the city of Detroit through its 2013 bankruptcy. (more…)
Proof oil and energy giants ARE ripping us off – as prices tumble we pay 40% too much for power and 18% extra for petrol=
By Victoria Bischoff and Holly Black
This Is Money
A Money Mail investigation can reveal how households are paying up to 40 per cent extra for power and 18 per cent for petrol, despite recent price falls.
Analysis of official data shows how major suppliers have managed to open a huge gulf as they raised and then lowered consumer prices in line with energy costs. (more…)
By Cory Doctorow
Zimbabwe’s dictator Robert Mugabe unleashed a storm of brutal, genocidal violence after losing the 2008 elections — and now we know that it was funded by western hedge-funds and banks, led by Och-Ziff Capital Management, the largest publicly traded fund, with assistance from Blackrock, GLG Partners, and Credit Suisse, who raised $100M for Mugabe’s weapons and torture-chambers in exchange for a sweetheart deal on the country’s platinum mines. (more…)