Jul 19

Russian Sanctions Retaliation Escalates: Dumps Intel/AMD And Now Foreign Cars (ZeroHedge, July 18, 2014):

Ignoring for one second yesterday disastrous air crash in Ukraine, the ‘boomerang’ of sanctions continues to be thrown back and forth between the US and Russia. Having restricted Russian firm’s access to USD funding, Putin has come out swinging. His first act was to demand that state departments and state-run companies will no longer purchase PCs built around Intel or AMD processors (which might explain AMD’s slashing their outlook); but now he has hit out at the heart of what has made America great (in the eyes of some) – banning the use of foreign cars for officials in favour of home-produced cars. Continue reading »

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Jun 22

NSA111
Image: The NSA is not an independent agency nor does it merely answer to those in Washington. It is a manifestation of an overreaching corporatocracy that will stop at nothing to expand its various monopolies.
The key to defeating the NSA is not attacking it directly but by undermining and replacing the corporate interests that created it and direct it in the first place.

Russia to Swap Intel-AMD Processors For Local Technology  (Activist Post, June 22, 2014):

Russia’s ITAR-TASS News Agency reported in an article titled, “Russia wants to replace US computer chips with local processors,” that:

Russia’s Industry and Trade Ministry plans to replace US microchips Intel and AMD, used in government’s computers, with domestically-produced micro processor Baikal in a project worth dozens of millions of dollars, business daily Kommersant reported Thursday.

It also stated:

The Baikal chips will be installed on computers of government bodies and in state-run firms, which purchase some 700,000 personal computers annually worth $500 million and 300,000 servers worth $800 million. The total volume of the market amounts to about 5 million devices worth $3.5 billion.

In addition to the obvious financial benefits for Russia of locally manufacturing processors, there are several other dimensions within which the move will be beneficial, including in terms of national security. Continue reading »

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Oct 26

Flashback:

Welcome to the Recovery (New York Times, by Timothy Geithner, August 2, 2010)

‘Recovery’ is the ‘Greatest Depression’.

Don’t miss:

COLLAPSE: 37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families


Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing (Economic Collapse, Oct 25, 2012):

If you still have a good job, you might want to hold on to it very tightly because there are a whole bunch of signs that unemployment in the United States is about to start getting worse again.  Over the past several weeks, a substantial number of large corporations have announced disappointing earnings for the third quarter.  Many of those large corporations are also loaded up with huge amounts of debt.  So what is the solution?  Well, the favorite solution on Wall Street these days seems to be to lay off workers.  In fact, it is almost turning into a feeding frenzy.  Since September 1st, we have seen more job cuts announced than during any other two month period since the start of 2010.  These announcements represent future layoffs and job losses which are not even showing up in the unemployment numbers yet.  So needless to say, things don’t look very promising for the end of 2012 or for the beginning of 2013.  If this race to eliminate jobs becomes a stampede, will we see the bottom fall out of the employment market?If you are concerned about whether or not you will still have a job 12 months from now, you might find the numbers posted below to be quite alarming.  We have not seen layoff announcements come this fast and this furious since the gloomy days of the last recession.

According to Bloomberg, job cuts are well ahead of the pace set last year…

North American companies have announced plans to eliminate more than 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011.

So what happens if the economy really starts sliding rapidly and this loss of jobs becomes an avalanche?

Can the U.S. economy and the American people handle another major economic downturn?

Some of the biggest names in the business world have announced job cuts in recent weeks. 

The following are 15 signs that layoffs and job losses are skyrocketing… Continue reading »

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