Category Archives: business

OBOMA!

Nonpartisan budget and security monitors report in Government Executive that the “administration’s request for $538 billion for the Defense Department in fiscal 2010 and its stated intention to maintain a high level of funding in the coming years put the president on track to spend more on defense, in real dollars, than any other president has in one term of office since World War II. And that’s not counting the additional $130 billion the administration is requesting to fund the wars in Iraq and Afghanistan next year, with even more war spending slated for future years.”

– Noam Chomsky on Barack Obama, “War, Peace, and Obama’s Nobel”

Full article here http://www.chomsky.info/articles/20091105.htm

Chris

Damn, We’re Screwed

Associated Press
WASHINGTON — The House passed the most ambitious restructuring of federal financial regulations since the New Deal on Friday, aiming to head off any replay of last year’s Wall Street failures that plunged the nation deep into recession.

The sprawling legislation would give the government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions and shine a light into shadow financial markets that have escaped the oversight of regulators.

The vote was a party-line 223-202. No Republicans voted for the bill; 27 Democrats voted against it.

The Boston Globe said in their article that it would “crack down on the types of Wall Street practices that caused last year’s economic meltdown.” You (Michael Kranish), my friend, are retarded. This legislation gives more power to the Federal Reserve, you know the institution that actually caused the mess. Oh and just to vent some more, Rep. John Tierney (Democrat – District 6) voted in favor of it. Stooge.

Times Square Hustler Killed

New York Post
Bullets flew over Broadway yesterday, sending a crush of Times Square tourists and office workers “running for their lives” as cops shot and killed a MAC 10-toting thug.

The broad-daylight gunfire between the CD-hawking scam artist and anti-crime cops in an enclosed passenger-drop-off area at the Marriott Marquis sent shots crashing through store windows and people scrambling for cover.

“The police officers were ducking and diving, trying to get out of the way,” said John Grisewood, 60, of London, who stood about 10 to 15 feet from the fusillade.

$4.1 Billion For Thin-Film Solar

Since its founding in 2002, Nanosolar has raised a lot of money – half a billion dollars to date – and made a lot of noise about upending the solar industry, but the Silicon Valley start-up has been a bit vague on specifics about why it’s the next big green thing.

On Wednesday, Nanosolar pulled back the curtain on its thin-film photovoltaic cell technology — which it claims is more efficient and less expensive than that of industry leader First Solar — and announced that it has secured $4.1 billion in orders for its solar panels.

Martin Roscheisen, Nanosolar’s chief executive, said customers included solar power plant developers like NextLight, AES Solar and Beck Energy of Germany.

The typical Nanosolar farm will be between 2 and 20 megawatts in size, Mr. Roscheisen said in an e-mail message from Germany, where he was attending the opening of Nanosolar’s new factory near Berlin. “This is a sweet spot in terms of ease of permitting and distributed deployment without having to tax the transmission infrastructure.”

Yeah, so I don’t really know much about it, but it sounds interesting.

FTC Mandates Blog Rules

Washington Post
Bloggers who offer endorsements must disclose any payments they have received from the subjects of their reviews or face penalties of up to $11,000 per violation, the Federal Trade Commission said Monday.

The agency, charged with protecting consumer interests, had not updated its policy on endorsements in nearly three decades, well before the Internet became a force in shaping consumer tastes. The new rules attempt to make more transparent corporate payments to bloggers, research firms and celebrities that help promote a product.

“Given that social media has become such a significant player in the advertising area, we thought it was necessary to address social media as well,” said Richard Cleland, assistant director for the division of advertising practices at the FTC.

I wonder if this will play any role for big name music blogs like Pitchfuck who probably haul in thousands just to positively review albums like Album. Contrary to popular belief, KLYAM does not receive any cash as to meet a monthly quota of at least 9,000 Death Cult (Black Lips, King Khan, and Jay Reatard) related posts.

The Nightdancerman

Chart Attack – Kate Harper
Hey, kids. Just for the record, a Harvard degree might not get you employed right away when you’re finished with school.

Tom Morello knows that much, since the Rage Against The Machine guitarist and former Audioslave member says he worked as a male stripper after he graduated from Harvard University with a bachelors of political science degree and moved to Los Angeles in 1986.

“When I graduated from Harvard and moved to Hollywood, I was unemployable,” Morello wrote in a new guest column for NME.com. “I was literally starving, so I had to work menial labour and, at one point, I even worked as an exotic dancer. ‘Brick House’ [by The Commodores] was my jam!

“I did bachelorette parties and I’d go down to my boxer shorts. Would I go further? All I can say is thank god it was in the time before YouTube! You could make decent money doing that job – people do what they have to do.”

Morello also explained how working as late California Democratic Senator Alan Cranston for two years in the 1980s politicized him… but made him never want to go into politics.

“I never had any real desire to work in politics but if there was any ember burning in me, it was extinguished working in that job because of two things: one of them was the fact that 80 per cent of the time I spent with the Senator, he was on the phone asking rich people for money. It just made me understand that the whole business was dirty. He had to compromise his entire being every day.

“The other was the time a woman phoned up to the office and wanted to complain that there were Mexicans moving into her neighborhood. I said to her, ‘Ma’am, you’re a damn racist,’ and she was indignant. I thought I was representing our cause well, but I got yelled at for a week by everyone for saying that! I thought to myself that if I’m in a job where I can’t call a damn racist a damn racist, then it’s not for me.”

You can see Morello perform as The Nightwatchman at a benefit for The Pablove Foundation, an organization that works to improve the lives of children with cancer, at Los Angeles’ Avalon Ballroom on Nov. 21.

That’s right boys and girls, Tom Morello used to be a stripper! Well, it doesn’t change anything, but it sure is hilarious. I wonder if he said “Fuck You, I won’t do what you tell me!” when ladies asked him to get naked haha.

Chris