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Dec 06 17:18

GM, Chrysler Literally Can't Afford Bankruptcy

This would be funny if it weren't so sad. It seems bankruptcy is not an option for GM or Chrysler, but not because they're "too big to fail", as we've been told, but rather it's because they can't even finance a bankruptcy.

Dec 06 16:49

Peter Schiff Analogies

Peter Schiff uses analogies to describe our current economic crisis. Topics include debt-financed consumption, business cycles, the Federal Reserve, the cronies in Washington, and the modern American service economy.

Dec 06 16:28

France abuzz over alcoholic 'cure'

An eminent French cardiologist has triggered an impassioned debate in the medical world over his claim to have discovered a cure for alcoholism.

Dr Olivier Ameisen, 55, one of France's top heart specialists, says he overcame his own addiction to alcohol by self-administering doses of a muscle-relaxant called baclofen.

Dec 06 16:12

A "Second Earth" has been found 20 light years away. Do you think there is life over there?

Scientists have discovered a warm and rocky "second Earth" circling a star, a find they believe dramatically boosts the prospects that we are not alone.

The planet is the most Earth-like ever spotted and is thought to have perfect conditions for water, an essential ingredient for life. Researchers detected the planet orbiting one of Earth's nearest stars, a cool red dwarf called Gliese 581, 20 light years away in the constellation of Libra.

Dec 06 11:19

Why Are PCs and Gadgets So Slow? (Who's Breaking Moore's Law?)

If Moore's Law holds, which it will, the speed of processors will double over the next two years. Which would you rather have: Bloated new features that gobble up all those clock cycles before they get to you? Or would you rather have all your stuff run twice as fast?

Industry: It's time to put the feature bloat and spaghetti code on hold for two years, and get to work optimizing, minimizing and streamlining everything. We want speed. And we want it yesterday.

Dec 06 07:32

Robbers in drag steal €80 million from Paris diamond store in biggest French heist

At first sight, the man and three women who entered the Harry Winston store in Paris resembled the sophisticated international clientele who frequent this most exclusive of jewellers. But staff soon realised something was amiss – the women were really men in wigs and dresses and all four were holding guns.

Dec 06 06:01

Obama's Familiar Orbit

By Michael Winship

SNIP

The Bush administration made the economic disaster worse, but both Barack Obama’s designated Secretary of the Treasury -- Tim Geithner -- and his choice to direct the National Economic Council, Larry Summers (a former Treasury secretary), are pals of Bill Clinton’s Treasury Secretary Robert Rubin, who left Treasury to join Citigroup, where he’s now a director and senior advisor. Yes, folks, Citigroup -- the bank the government now has agreed to insure against projected losses of $306 billion -- on top of bailouts totaling $45 billion.

Dec 06 04:49

YouTube is Dead

2/05/08 As of yesterday YouTube has replaced its list of 'Most Viewed' videos on the site's 'Videos' section with a varied selection of sponsor-friendly videos that the site calls 'Most Popular'. Where users normally see videos with high view-counts that have become popular due to viral spreading and community activity, we now see videos like the new MacBook commercial that gets showcased on the 'Most Popular' #1 spot while having very low view-counts and even lower ratings.

Dec 06 04:44

Bush reported to be drinking heavily

by Wayne Madsen

(WMR) -- With less than two months remaining in office, George W. Bush, witnessing a devastating defeat for the Republican Party, worse favorability ratings than those of Richard Nixon at the height of the Watergate scandal, and the most devastating economic situation since the Great Depression, is reported by a number of well-placed sources in Washington as drinking heavily.

After having tried to explain away the collapse of several Wall Street brokerage houses by saying, “Wall Street got drunk,” it appears that it is Bush who is suffering from bouts of drunkenness.

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