Network Archives

Object of Intrigue: Mickey Mouse Gas Mask

"About 1,000 of them were made by the Sun Rubber Company, each with glass eyes staring out from the cartoonish face connected to an air filter. Since chemical warfare never made it to the United States in World War II, they weren't used, but in England there was a British version that used bright red and blue colors to attract children. It was also called a 'Mickey Mouse' gas mask, although had nothing to do with the character. Instead the name was supposed to be part of the 'game' to get children to wear them." Continue reading →

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Juan Cole: Top Ten Ways US TV News are Screwing us Again on NSA Surveillance Story (Iraq Redux)

"US television news is a danger to the security of the United States. First, it is so oriented to ratings that it cannot afford to do unpopular reports. Second, it is so oriented toward the halls of power inside the Beltway that it is unable to examine government allegations critically. US television news was an unrelieved cheering section for the launching of the illegal and disastrous Iraq War. Now, corporate television news is repeating this shameful performance with regard to the revelations by Edward Snowden of massive, unconstitutional government surveillance of Americans’ electronic communications. The full failure to do proper journalism was on display on Sunday." Continue reading →

Continue ReadingJuan Cole: Top Ten Ways US TV News are Screwing us Again on NSA Surveillance Story (Iraq Redux)

Gold: Dead Cat Or Raging Bull?

"Gold prices are falling, but gold sales are going through the roof – what is the real truth behind these puzzling developments? Is the gold bull market dead, or is the best yet to come? And what are the implications for investors today? TheStreet has partnered with Casey Research to answer these questions – and more – in an exclusive video event focused on the gold debate that's raging across investment communities worldwide." Continue reading →

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NBC: ‘Bitcoin losing shine after hitting the spotlight’

"The old, informal methods of using Bitcoin are dying out: Of the two largest 'exchanges' where Bitcoins are bought and sold, one, Bitfloor, shut down in April following a major theft, and the other, Mt. Gox, is facing potential criminal charges after failing to properly disclose its financial practices to FinCEN, a U.S. regulatory body. FinCEN recently acknowledged 'decentralized virtual currencies' like Bitcoin as being real money, prompting scrutiny. New firms are learning from predecessors, working with regulators and established financial players from the get-go, and structuring themselves in order to handle large amounts of money without meltdowns." Continue reading →

Continue ReadingNBC: ‘Bitcoin losing shine after hitting the spotlight’

Is Central Banking Scientific?

"The portrayal of central banking in these sorts of articles is sterile and scientific. You wouldn't know, for instance, that the men who created the plan for the Federal Reserve dressed up in costumes so they wouldn't be found out when traveling down to Jekyll Island for the confab that led to the final proposal. And you certainly wouldn't know of the relationships between them and others in Europe that were backing this sort of plan. The idea that the framers of the Federal Reserve Act would be shocked at the way it turned out is specious. It didn't take but a decade and those empowered by the Act were conspiring with the British to devalue the dollar and prop up the pound." Continue reading →

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Ontario slashes Samsung green energy deal by $3.7 billion

"The cuts will hit a controversial sole-source deal with a consortium led by South Korea-based Samsung Group that offered special financial incentives in a bid to attract investment in renewable energy. The province’s change of heart is partly a response to the backlash over that arrangement – which made electricity bills more expensive – as well as an acknowledgment that Samsung was having trouble holding up its end of the bargain. It is also the latest sign of turbulence in the green-energy industry after the global recession reduced the need for power and an uncertain economy made less costly conventional electricity more attractive than pricey renewables." Continue reading →

Continue ReadingOntario slashes Samsung green energy deal by $3.7 billion

The Rush to Tap Myanmar’s Energy Promise

"Myanmar, also known as Burma, has largely been shunned by the West for most of five decades of military rule that ended last year. Now open for business and shedding sanctions, the cash economy badly needs a working banking system. The population of more than 60 million wants mobile phones, newer cars, and Coca-Colas. But no one sector is as critical to Myanmar’s growth prospects as energy. The country has 7.8 trillion cubic feet of proven natural gas reserves, worth about $75 billion at current U.K. benchmark prices. It now has 16 energy multinationals working on 17 onshore exploration blocks and 15 exploring or producing in 20 offshore blocks." Continue reading →

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Jim Rogers on investing in Malaysia, the century of Asia, & frontier markets

"Malaysia has a few things going for it now. It has a government that understands how the world is supposed to work and it is trying to open up so that if people accomplish something they can see the fruits of their labor. They have lots of natural resources, are right in the middle of the region, and speak multiple languages, so Malaysia has a lot going for it. I have had criticisms of Malaysia in the past, but at the moment, I have investments in Malaysia for the first time in a long time. This is a government that understands economics better than some governments, has big reserves, and has a very large agricultural component of their economy." Continue reading →

Continue ReadingJim Rogers on investing in Malaysia, the century of Asia, & frontier markets

Starbucks Pays $15.4 Million Corporation Tax, Closes Stores Amid British Backlash

"Starbucks Corp., (SBUX) the world’s biggest coffee chain, said it will pay 10 million pounds ($15.4 million) of U.K. corporation tax this year and in 2014 in response to criticism of its money-losing British business. The company has paid 5 million pounds already and will pay the same amount later this year after forgoing unspecified tax deductions, according to an e-mailed statement. Starbucks, based in Seattle, will also pay 10 million pounds of tax next year. Starbucks said it will close or relocate unprofitable stores, and rely more on franchised or licensed stores rather than company-owned locations to become profitable in the U.K." Continue reading →

Continue ReadingStarbucks Pays $15.4 Million Corporation Tax, Closes Stores Amid British Backlash

Glenn Greenwald: Snowden’s Files Are Out There if ‘Anything Happens’ to Him

"As the U.S. government presses Moscow to extradite former National Security Agency contractor Edward Snowden, America’s most wanted leaker has a plan B. The former NSA systems administrator has already given encoded files containing an archive of the secrets he lifted from his old employer to several people. If anything happens to Snowden, the files will be unlocked. The fact that Snowden has made digital copies of the documents he accessed while working at the NSA poses a new challenge to the U.S. intelligence community that has scrambled in recent days to recover them and assess the full damage of the breach." Continue reading →

Continue ReadingGlenn Greenwald: Snowden’s Files Are Out There if ‘Anything Happens’ to Him