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"ABN AMRO, the biggest Dutch bank, has sent a letter to its clients stating that they will no longer be able to take physical deliveries of the gold they have bought through ABN. Instead they are offered money at the current market rate for gold. Basically,...
"Even those running the system are reluctantly beginning to conclude that some kind of mass debt cancellation—some kind of jubilee—is inevitable. The real political struggle is going to be over the form that it takes. Why not a planetary debt cancellation,...
"...there is only one way to stop the BS that goes on these markets, and that’s by forcing all derivative contracts onto public exchanges where bid, offer and trade prices are independently posted as the transaction takes place, visible to everyone, and...
"These stray dogs live in the outskirts of Moscow Russia and commute on the underground trains to the city centre in search of food scraps. After a hard day scavenging and begging on the streets, they hop back on the train and return to the suburbs where...
“On January 14, 2013 President Obama met with Saudi Minister of Interior,” Glenn said. “Two days later Janet Napolitano signed agreement with Saudi minister allowing ‘trusted traveler’ status on Saudi student visitors, meaning greatly reduced security...
"I (Dr. George Clinton) want to be known as the man who brought to the attention of America the copyright issues. You have to fight the copyright companies, like BMI. You have to fight these record companies because they really want to take it all. Right...
"It’s curious, historically speaking, that Margaret Thatcher died on the same day that forensic specialists, in Chile, exhumed the remains of the late, great Chilean poet Pablo Neruda. Neruda died at the age of sixty-nine, supposedly of prostate cancer,...
"Tucked away in President Barack Obama’s financial plan for the upcoming year is a tribute to former president George H.W. Bush. Obama proposed to designate $10 million toward a national volunteer fund that would reflect the 41st president’s lifetime...
"I don't have a single American friend, I don't understand them." If he wins enough fights... Tamerlan says he could be selected for the US Olympic team and be naturalized American. Unless his native Chechnya becomes independent, Tamerlan says he would...
to make reservations, support Shel's kickstarter first: "Detroit Collision Works is a 36-room hotel under development that will be built out of shipping containers adjacent to the Eastern Market—America’s oldest continuously operating farmer’s market...
news.stanford.edu There was a time and place – medieval Europe – where open greed was unacceptable to the community, and could even lead to murder.
"Last month, the Italian newspaper La Repubblica discovered that the Vatican had paid $35 million for an apartment block housing the Europa Multiclub, which calls itself the “number-one gay sauna in Italy.” The media used the story as another example...
"The ECB has finally published the all-country report—and it’s far worse than feared. Italian median household wealth was indeed over three times larger than Germany’s. But that wasn’t the problem. The problem was Cyprus. Cypriot households (CY), as measured...
"“What passes as Islamic finance is anything but interest-free,” said Timur Kuran, a professor of economics and political science at Duke University. Egypt’s long-winded negotiations with the International Monetary Fund for a $4.8 billion loan have shown...
"In the mid-1800s, there were thousands of unique varieties of apples in the United States, some of the most astounding diversity ever developed in a food crop. Then industrial agriculture crushed that world. The apple industry settled on a handful of...
"M-Shwari is a new banking platform that allows subscribers of Kenya’s biggest mobile network, Safaricom, to operate savings accounts, earn interest on deposits, and borrow money using their mobile phones. It expands on Kenya’s revolutionary use of sending...
“Uncle Ruslan” Tsarni of Montgomery Village Md., whose name was the top trending topic worldwide on Twitter last Friday for his plain-spoken condemnation of his two nephews, has had a checkered business career, that began well before he graduated (as...
"He was crying as he told them an incredible story about being recruited by the Defense Intelligence Agency to participate in a secret operation testing the security of Washington-area banks. He said he’d been assigned to rob a half-dozen banks over four...
"On one of the remotest islands on our planet, tens of thousands of baby albatrosses lie dead on the ground, their bodies filled with plastic from the Pacific Garbage Patch."
White = “None” (Map by the U.S. Census Bureau)
japan's crowded
William Burroughs: Advice for Young People
"Although few depositors realize it, legally the bank owns the depositor’s funds as soon as they are put in the bank. Our money becomes the bank’s, and we become unsecured creditors holding IOUs or promises to pay. (See here and here.) But until now the...
"European finance ministers have agreed an £8.7bn bailout for Cyprus which includes all Cypriot bank customers handing over up to 10% of their savings. Cypriots with savings of under €100,000 will pay a one-off levy of 6.75%, which rises to 9.9% for those...
"...that he had no qualms about his own pioneering work on discovering what industry insiders now regularly refer to as “the bliss point”... "Moskowitz’s path to mastering the bliss point began in earnest not at Harvard but a few months after graduation,...
