Archive for January, 2008
City Sues Man for Canceling Trash Service
January 31st, 2008Via: Examiner: A man who claims to have reduced his waste to nearly nothing out of concern for the environment now faces a lawsuit from San Carlos for canceling his garbage-collection service. Eddie House, 53, says he was shocked when he was served with a lawsuit Sunday at his Cedar Street home. The lawsuit, filed […]
S&P Cuts, May Cut Up to $534 Billion of Subprime Bonds
January 31st, 2008Via: Reuters: Standard & Poor’s on Wednesday said it cut or may cut its ratings on $270 billion worth of U.S. mortgage-backed securities while putting $264 billion of collateralized debt obligations on watch for a possible downgrade. The ratings action affects 6,389 classes of U.S. residential mortgage-backed securities backed by first-lien subprime loans and 1,953 […]
Tough Call: Sold DBA
January 31st, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Just a quick FYI: I took profit on my entire DBA position. It could easily go higher (Bullish Fibonacci fans intact no matter how you draw them, and beginnings of a symmetrical triangle?), but we have a lower high on the […]
Cut Fiber: Internet Services in India and Egypt Disrupted
January 30th, 2008Via: Reuters: A breakdown in an international undersea cable network badly disrupted Internet links to India and Egypt on Wednesday. Egypt’s Telecommunications Ministry said a communications cable in the Mediterranean was cut, disrupting 70 percent of the country’s Internet network. The ministry said in a statement it was not known how the cable was cut […]
Former Chief Global Strategist at Morgan Stanley: Head for the Hills
January 30th, 2008Via: Bloomberg: Barton Biggs has some offbeat advice for the rich: Insure yourself against war and disaster by buying a remote farm or ranch and stocking it with “seed, fertilizer, canned food, wine, medicine, clothes, etc.” The “etc.” must mean guns. “A few rounds over the approaching brigands’ heads would probably be a compelling persuader […]
Poor Haitians Resort to Eating Dirt
January 30th, 2008Via: AP: It was lunchtime in one of Haiti’s worst slums, and Charlene Dumas was eating mud. With food prices rising, Haiti’s poorest can’t afford even a daily plate of rice, and some take desperate measures to fill their bellies. Charlene, 16 with a 1-month-old son, has come to rely on a traditional Haitian remedy […]
Washington Post: Identities of Storm Worm Operators Are Known to Authorities
January 30th, 2008This is interesting, but take your pick about what to believe. Via: Washington Post: Dmitri Alperovitch, director of intelligence analysis and hosted security for San Jose, Calif.-based Secure Computing, said federal law enforcement officials who need to know have already learned the identities of those responsible for running the Storm worm network, but that U.S. […]
FBI Investigates Sub-Prime Crisis
January 30th, 2008Things started to get interesting when They sent a memo to all employees on what to say to anyone who presented themselves as auditors or investigators. We were to refer them to some flunkie. I thought, “Oh goodie, we’re going to get raided by a three-letter agency and guys wearing guns and blue wind-breakers are […]
Leaked UK Government Document Reveals Plan to “Coerce” Brits Into National ID Register
January 30th, 2008Via: BoingBoing: “Various forms of coercion, such as designation of the application process for indentity documents issued by UK Ministers (e.g. passports), and and option to stimulate applications in a manageable way. Designation should be considered as part of a managed rollout strategy, specifically in relation to UK documents. There are advantages to designation of […]
Cryptogon Readers Contribute $50 and $20
January 30th, 2008DJ sent $50 and MW sent $20. Thank you.
