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January 18, 2012
How long does the average share holding last? Just 22 seconds
Investors are advised to invest for the long-term, yet in the US the average share holding lasts just 22 seconds.
Read article in the Daily Telegraph (UK)
January 11, 2012
Doomsday Clock moves one minute closer to midnight
The Doomsday Clock, a symbolic gauge of nuclear danger, has moved one minute closer to midnight because of “inadequate progress” on nuclear and climate issues. The Bulletin of the Atomic Scientists (BAS) announced the move - to five minutes before midnight - on Tuesday. The clock last moved one minute back in 2010. BAS said the failure of multiple nations to control the spread of nuclear weapons was a cause for worry.
Read article on the BBC News website (UK)
January 4, 2012
Money Power Runs America
Wall Street does it by controlling money, credit and debt, as well as manipulating markets for private enrichment. House and Senate millionaires do it their way for greater wealth, privilege, power and status. New Center for Responsive Politics (CRP) figures show it.
Read article on the Centre for Research on Globalization website
January 4, 2012
Why oil companies don't fret over earthquakes
Are Chinese, French, Canadian, U.S. and other oil companies truly eager to work in earthquake-prone, middle-class American residential neighborhoods? Probably not. Yet such is the incongruity on the U.S. shale gas patch -- a simultaneous rash of earthquakes near drilling sites, and a rush of multi-billion-dollar investments from around the world. The allure of shale gas and oil -- a bonanza under way in the U.S., with the promise of similar discoveries elsewhere -- is outweighing mortal and public relations risks. The latest temblor, registering 4.0 on the Richter scale, was Saturday in Youngstown, Ohio. Though no one recalls prior earthquakes in the area, it is the 11th there since last March, and may be the result of the disposal of some 14.8 million gallons of drilling wastewater over the last year, reports Bloomberg's Mark Niquette.
Read article at foreignpolicy.com (USA)