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BRIC – Four Horses of the Apocalypse shifting global power
By Alan Beattie at ft.com
Put a jaguar, a bear, a tiger and a panda together and you might get a good show but you won’t get a quiet life.
The Bric grouping – Brazil, Russia, India and China – has become a shorthand for the rise of emerging markets in the global economy. And after a rather stellar decade, the Brics mainly had a good crisis from which they are now rapidly exiting.
Goldman Sachs,...
Google China war Continue – What Next?
Google is releasing information about a “highly sophisticated and targeted attack” on their corporate infrastructure that occurred last month. The attack originated in China and resulted in the “theft of intellectual property from Google.” In light of the attack Google is making sweeping changes to its Chinese operations.
Google is releasing some information about these attacks to the public....
Google wants to buy, sell electricity in US – What else?
NGE: A Monster is in making
Internet search giant Google is seeking government authority to buy and sell electricity in the United States, a further expansion of its operations aimed at boosting renewable energy.
In a document filed last month with the Federal Energy Regulatory Commission and obtained by AFP, Google indicated that its Google Energy unit asked for “market-based rate authority.”
Under...
The next economic perfect storm – should start mid February.
it may crush the existing structure of Fannie and Freddy and drag the economy further down, no matter how many dollars the fed throws at it
here are the events:
each individual event will have no visible effect, but combined will crash the economy:
these are all pending events, many listed on MW as individual events, but no one looks at them all together – but that is how we will feel them in...
2010 MORTGAGE RESETS ARE DOUBLE 2008′S RESETS – The US housing market is on implosion alert!
Massive mortgage resets for 2010 & 2011 are near!
Okay, 2008’s biggest month of mortgage resets were in Sept 2008; $64 billion in mortgages reset that month, and the monthly average was $40 billion for 2008. For 2010, August is the biggest month with $97 billion in mortgage resets, and the 2010 monthly reset average is $83 billion – DOUBLE THE AMOUNT OF MORTGAGE RESETS FOR 2008!!!
FRIGHTENING...
Tags: World News
What Happens When The Giant Falls? – California to be default by 2010
The California Legislative Analyst’s Office recently reported that the State faces a $21 billion shortfall in the current as well as the next fiscal year. That’s a problem, a really big problem. My young son would say it was a ginormous problem. In fact, it may be an insurmountable problem.
Our governor and legislature used every trick in their books when they created the most recent budget....
The Economy Keeps Collapsing, Slowly but Surely
I point out to people that this is a Service Sector Economy, considerably different from the industrial economy of ages past.
Manufacturing makes up about ten percent of the US economy. If Manufacturing goes up two percent it has a net effect on the overall economy of 0.2 percent. In the past few months, we have seen the New York sector collapse in manufacturing and the Chicago sector increase...
USD collapse 2012 and the end of the world as we know it
Devolution of the USD 2012?
As the first public article for me just before 2010, it seems appropriate for me to comment on one of the biggest stories we will be all facing – that is an end game of events leading to the end of the USD. The implications for the world are no less than Armageddon – like. I mean it.
Before we get into some details, I have been working on forecasts for 2010, and my...
AT&T wants out of landline business
AT&T, the oldest US telephone company, made the request in a filing last week with the Federal Communications Commission in which it also asked the FCC to set a “firm deadline” for phasing out wireline service.
“The business model for legacy phone services is in a death spiral,” AT&T said. “With an outdated product, falling revenues, and rising costs, the...
Tags: Global Economy, US News
