Conservative radio host Glenn Beck on Wednesday reacted to Pope Francis being named Time‘s 2013 Person of the Year by naming Sen. Ted Cruz (R-TX) as his “Man of the Year.” “It makes me nervous about the pope, quite honestly,” Beck said, drawing a comparison between the head of the Catholic Church and President Barack […]
US banking giant JPMorgan Chase expects to spend $2 billion in annual compliance costs starting in 2014, chief executive Jamie Dimon said Wednesday. The spending is double what the bank previously projected and comes on the heels of several major settlements over alleged law and banking rules violations with regulators. “The $2 billion for the […]
Citizens of Planet Earth are being invited to make a “video shout-out” to wake up a deep-space probe, Rosetta, that has been in hibernation since June 2011. The European Space Agency (ESA) is offering prizes for the best video clip of people shouting “Wake up, Rosetta!” to help end its scout’s long sleep next month. […]
S&P futures dumped their most in almost 4 months on marginal volume today as a budget deal (moar fiscal means less moar monetary policy) and a potentially hawkish Stan Fischer on the Fed spread taper fears across all assets with gold lower, Treasury yields higher, and USD rising. New 52-week-lows spiked to 4 month highs […]
Former OMB director David Stockman rages to none other than Rick Santelli that the budget deal is a “betrayal and a joke” and “the final surrender of the House Republican leadership to beltway politics.” The dismal reality – that little to no one in the mainstream media will dare utter – the budget adds $70 […]
Derek Murphy writes at Holy Blasphemy: I went to Skepticon 5 expecting a group of heretics that would get a kick out of my inversed reading of Milton’s Paradise Lost, which claims that Satan is the hero of the story (which was actually the mainstream reading before it became the “mistaken reading”, and is now […]
Death by overwhelming and inescapable consumerism? Via Gawker: A man who was fed up with his girlfriend’s incessant Christmas shopping responded to her request for one more look around a mall shoe store by leaping seven floors to his death. The 38-year-old, identified as Tao Hsiao, had been shopping with his girlfriend at the Golden […]
As tensions escalate in Ukraine, risk indicators flash redder than red, and the US is now considering “sanctions” against the divided nation, parliamentarians in Georgia (ironically Stalin’s birthplace) have a different way to solve their differences… as the following fight suggests… (Read more…) Via The Telegraph, Deputies from majority and opposition parties fought […]
Submitted by Charles Hugh-Smith via Peak Prosperity, We’ve recently been treated to two mutually exclusive forecasts: that the Great Bull Market will run until 2016 or 2018, so no worries; and that markets are exhibiting bubble-like characteristics that presage another crash. So which forecast is more likely the correct one? (Read more…) Analysts of every […]
Police in Naugatuck, Connecticut arrested the 40-year-old father of a 12-year-old boy with autism when the father allegedly threatened a pair of boys who he believed had been tormenting his son. According to WFSB Channel 3, police opened an investigation into the incident not long after Carlos Stuart confronted the two boys on Oct. 28. […]
A regular reader writes: It would be interesting to explore the business strategy decision that’s had the Daily Mail regularly making stuff up to feed to Fox and the rest of U.S. right-wing nutjob media, but more and more often the freakouts seem to originate with them. (Read more…) Huh. That would be an interesting […]
Curious how much the various banks who stood to be impacted by or, otherwise, benefit from either a concentration or dilution of the Volcker rule? According to OpenSecrets, which crunched the numbers, here is how much being able to continue prop trading meant to some of the largest US banks and lobby groups: American Bankers […]
Rep. John Shimkus (R-IL) became so frustrated with Health and Human Services Secretary Kathleen Sebelius on Wednesday that he made a botched attempt to compare her to North Korea. While debating whether health services were really free to the consumer under the Affordable Care Act, Shimkus eventually interrupted the secretary and refused to let her […]
Despite hope (and talk) that Greece is on the path back to recovery, our recent discussion of the record deflation the nation is undergoing (and record unemployment) suggests Stournaras propaganda is just that. As Bloomberg’s David Powell writes, the embattled nation continues to push further into depression and a state of insolvency and appears highly […]
To protect themselves, some animals rapidly change color when their environments change, but chameleons change colors in unusual ways when they interact with other chameleons. Researchers have discovered that these color changes don’t happen “out-of-the-blue” — instead, they convey different types of information during important social interactions.
Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan (R-Wis.) were noticeably pleased with themselves when they announced their new budget deal at a press conference Tuesday evening. (Read more…) The 15-minute session was filled with compliments and bipartisan kumbayas for reaching such a sensible accord. “From the the outset,” Ryan said, “we knew that if […]
Air flows mostly in a one-way loop through the lungs of monitor lizards — a breathing method shared by birds, alligators and presumably dinosaurs, according to a new study that may push the evolution of this trait back to 270 million years ago.
The main thing you need to know about today’s budget agreement is that it’s very modest. It repeals a little bit of the sequester cuts, and pays for it with a few small cuts in entitlements and some even smaller increases in user fees. Overall, the numbers are tiny enough that it’s hard to see how […]
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A long-proboscid fly with an extra-long, tongue-like proboscis might seem to take extra-long to feed on a flower, but it actually has an advantage over its counterparts with average sized nectar-sipping mouth parts. It can suck up almost all nectar available in a flower in one go, because it has more efficient suction pumps in […]
While Bernanke may be about to leave; none other than his mentor and thesis adviser – former Bank of Israel chief Stanley Fischer is rumored to be in line for a new role: FISCHER STEPPED DOWN AS BANK OF ISRAEL GOVERNOR IN JUNE FISCHER LEADING CANDIDATE TO BE DEPUTY FED CHIEF: ISRAEL CH. 2 […]