Today, ebusinesses that utilize video assets are at an advantage, since Google is structuring its search engine results to reward sites that include video.
Tag: economy
‘Anonymous’ Allegedly Demands Resignation Of Fed Chair Bernanke
In the video, uploaded on Saturday, the anonymous group, self-described as loosely connected and Internet based, allegedly claims that the Federal Reserve is guilty of “crimes against humanity” and calls for the resignation of Ben Bernanke. In addition, the group would seem to demand the break up of the Federal Reserve and other major banking institutions
Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
- Profile of the Economic Recovery—To Date
- The Fed’s Beige Book June 8, 2011: Economy “Generally Continued to Expand”
- Consumer Credit in April
- U.S. Trade Deficit Narrows in April as Exports Reach Record High
- California Exports Continue to Impress
- April California Imports
- Events of Interest
- July 20, 2011: Mid-year Economic Forecast
UPDATE 2-China official says US could pursue weak dollar policy | Reuters
China should guard against risks from “excessive” holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior currency regulator said in comments published on a website that briefly pushed the dollar lower.
However, the comments by Guan Tao of the State Administration of Foreign Exchange were quickly removed from the website at his request.
Bitcoin miners busted? Police confuse bitcoin power usage for pot farm – Computerworld Blogs
Bitcoin, one of the world’s newest currencies, is an open source, peer-to-peer currency that does not exist in physical form. It’s owned and traded by means of an anonymous P2P network, without any third-party intermediary like a payment processor, without any government issuing or tracking the virtual currency. While there is a limit of only 21 million bitcoins to be generated by the year 2140, bitcoin is “free” to generate and is created by “bitcoin miners.”
The implication is that a completely untraceable underground economy will emerge using bitcoin.
Read Article and This Article.
Weekly Economic Update | LADEC
THIS WEEK’S HEADLINES:
- April State/Local Area Employment Reports
- U.S. Building Permits
- U.S. Housing Starts
- Mortgage Foreclosures
- Events of Interest
- May 26, 2011: The 4th U.S. Azerbaijan ICT Business Forum
- June 7, 2011: Japan’s Positive Impact on the Southern California Economy
- July 20, 2011: Mid-year Economic Forecast
The Obama Deception: Why Cornel West Went Ballistic – Chris Hedges | Truthdig
“He makes a bee line to me right after the talk, in front of everybody,” West says. “He just lets me have it. He says, ‘You ought to be ashamed of yourself, saying I’m not a progressive. Is that the best you can do? Who do you think you are?’ I smiled. I shook his hand. And a sister hollered in the back, ‘You can’t talk to professor West. That’s Dr. Cornel West. Who do you think you are?’
Politicians Won’t Stay Bought | Peter Mehit
In a casual conversation someone quipped, “You know the real problem with politicians…they just won’t stay bought.” There was muted laughter. It’s too true to be funny.
Politician. The word has precise sound to it, as if your mayor had been called by God to run. As if people go into public service like it’s a ministry. For the good of all with pure, honorable intentions. But the job is nothing like that. It’s a lot of arm twisting and ear bending by people all wanting you to do conflicting things. And in 
the end, nobody’s really happy with you. As Parker and Stone pointed out, the public sees you either as a ‘Giant Douche’ or a ‘Turd Sandwich’. Why would anyone want a such a shitty job?
Power.
Continue reading “Politicians Won’t Stay Bought | Peter Mehit”
Weekly Economic Update | LADEC
THIS WEEK’S HEADLINES:
- SoCal Home Sales and Prices Declined in April
- Consumer Sentiment Index
- U.S. Trade Deficit Widens in March
- California Exports Continue to Shine
- March California Imports
- April Port Figures – Seventeen Consecutive Months of Growth
- Events of Interest
- May 18, 2011: International Trade Outlook
- June 7, 2011: Japan’s Positive Impact on the Southern California Economy
Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers | Huffington Post
The audits accuse the five major lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government…
The audits conclude that the banks effectively cheated taxpayers by presenting the Federal Housing Administration with false claims: They filed for federal reimbursement on foreclosed homes that sold for less than the outstanding loan balance using defective and faulty documents.
Dispatches From The Front 