Daily Digest 1/28 - Davos OWS Style, Greece Inches Toward Credit Deal, Endangered Wolf Makes Comeback
- 17 Questions To Ask Next Time Someone Tells You The Economy Is Getting Better
- Davos, in the Style of Occupy Wall Street
- Latin America Looks at West’s Fiscal Crises, and Sees Its Own Past
- Don't Be A Wall Street Patsy
- Greece Inches Toward Deal in Talks With Its Creditors
- Everything You Know About Peak Oil Is Wrong
- Energy Tax Breaks Proposed, Despite Waning Support for Subsidies
- Lone Wolf Commands a Following
If the economy is getting better, then why is the average duration of unemployment in this country close to an all-time record high?
“This system is all about maximizing profits — maximizing profits just so you can keep going,” she added, as other members of the Occupy group, part of the global movement that has sprung up under that name, nodded in agreement.
In 2011, Latin America’s unemployment rate fell to a 21-year low of 6.8 percent, compared with 8.5 percent in the United States and nearly 10 percent in Europe. While economic growth has slowed in some countries, it is still booming in others. Panama, whose canal is choked to capacity, registered economic growth of 10.5 percent in the first nine months of 2011. Argentina’s economy expanded 9.3 percent in the third quarter.
Don't Be A Wall Street Patsy (David B.)
Now, it’s the mutual fund manager’s fault. That way the broker can’t be blamed if your account loses money.
Instead, your broker can tell you, “Don’t fire me, let’s fire the mutual fund manager and let’s find you a better fund to invest in. But, no matter what happens, we need to buy and hold and not try and time the market.”
The latest progress comes at a tense time for Greece. Officials from the three institutions that are keeping the near-bankrupt nation financially afloat — the European Commission, the monetary fund and the European Central Bank — are demanding another round of spending cuts and reforms to justify a release of as much as 30 billion euros ($39 billion) in the months ahead.
Everything You Know About Peak Oil Is Wrong (cmartenson)
Over the intervening years, the threat of “peak oil” has stayed with us—the date when global petroleum production was to reach its supposed maximum, afterward and evermore to decline as dwindling reserves were tapped out. And the exhaustion of the world’s oil reserves was just the start. A host of other critical natural resources, from phosphorus to uranium, have been declared peaking or already peaked.
“Most of the folks I think recognize that this is not a Solyndra effort here,” said Representative David G. Reichert, Republican of Washington, who introduced a bill to extend a renewable tax credit last year. Solyndra was financed under a now-expired program, part of the 2009 stimulus package, that provided government loan guarantees for clean-energy projects, some of which administration officials expected to be risky.
Lone Wolf Commands a Following (jdargis)
Once widespread across much of the country, gray wolves were nearly extinct in the contiguous United States by the early 20th century, killed by government trappers, ranchers and hunters. In 1974, the gray wolf was listed as endangered under the newly established Endangered Species Act. Then in 1995 and 1996 wildlife officials released 66 Canadian wolves into Yellowstone National Park and central Idaho, an area that is now home to nearly 1,700 wolves.
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