Archive for November, 2008
The Famine of 2009
November 30th, 2008Believe it or not, the food situation is worse than I thought. This is a long piece, but I highly recommend clicking through and reading all of this. Via: DailyKos: The fall nitrogen fertilizer application has been 10% of the norm. A typical year would see 50% put on in the fall and 50% in […]
Chesapeake Energy, Largest US Natural Gas Producer, Runs Out Of Cash
November 30th, 2008Peak… Credit??? Via: Mish: Chesapeake Energy Corp., the nation’s largest producer of natural gas, seeks to raise up to $1.8 billion through common stock sales in an effort to fund its drilling and exploration activities and mitigate the impact of lower natural gas prices on cash flow. In two filings with the Securities and Exchange […]
Revolutionary Device Can Harness Energy From Slow-Moving Rivers and Ocean Currents; Provide Enough Power for the Entire World
November 30th, 2008“If we could harness 0.1 per cent of the energy in the ocean, we could support the energy needs of 15 billion people. In the English Channel, for example, there is a very strong current, so you produce a lot of power.” There’s plenty of energy out there that’s just waiting to be harassed. As […]
Cryptogon Readers Send Contributions
November 30th, 2008Thank you. TM $15 DJ $50 ManifestNextoMe $20 RR £20 PR €20 BS AU$100 AS £15
Prime Mortgage Delinquencies Soaring
November 29th, 2008Via: CBS News: “The foreclosure crisis began mostly as a problem for lower income households,” says Mark Zandi of Moody’s. “It is now a problem for all households: low, middle income and even higher income households.” More than 2 million prime mortgages, traditional loans for people with good credit, are now delinquent. That’s 624,000 more […]
Fed’s Emergency Loan Amounts Still Increasing
November 29th, 2008$93.6 billion daily? Daily? If anyone out there can explain how the dollar isn’t getting diluted on this, please, be my guest. Also, if you explain that, you might know how long these banks have to repay these loans??? I’m just trying to get at some kind of rough timeline as to how much longer […]
Poverty Spreading in Suburbs
November 29th, 2008Via: Reuters: Poverty in the United States is spreading from rural and inner-city areas to the suburbs, according to a study, a situation that can worsen as the economy confronts what may be a protracted recession. The study by the Federal Reserve’s Community Affairs department and the Brookings Institution Metropolitan Policy Program found that poverty […]
Goose Park Blog
November 29th, 2008Our next door neighbor, Jacqui, is an extremely talented flax weaver. She has put up a site that describes her flax weaving in great detail. She has also made some of her individual pieces available for sale. The site is called Goose Park Blog. She rang me up the other day and said, “I’ve put […]
Two Deaths Result from WalMart Stampede
November 28th, 2008Maybe I need a Zombie Uprising category. Via: Daily News: A worker died after being trampled and a woman miscarried when hundreds of shoppers smashed through the doors of a Long Island Wal-Mart Friday morning, witnesses said. The unidentified worker, employed as an overnight stock clerk, tried to hold back the unruly crowds just after […]
UK: Taxpayer Now Owns Nearly 60% of Royal Bank of Scotland
November 28th, 2008Via: Guardian: Royal Bank of Scotland, Britain’s second biggest bank until the credit crunch struck last year, confirmed today that is now majority-owned by the taxpayer after a £20bn bail-out by the government. The Edinburgh-based bank announced this morning that its existing investors had shunned its £15bn cash call, leaving almost all the new shares […]
