By Delusional Economics, who is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from MacroBusiness .
Not that it should be a surprise to most MB [and NC] readers, but the economic data coming out of nations within the Eurozone is once again “worse than expected”. Last night it sta...
CORRECTED-U.S. House farm bill moves ahead with big cut in food stamps
Written by Reuters: Company NewsNovel Material Shows Promise for Extracting Uranium from Seawater
Written by MIT Technology ReviewA so-called metal-organic framework could offer a better way to get at the vast uranium resource dissolved in the ocean.
A new material could potentially be used to extract uranium from seawater more efficiently, new research suggests.
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UPDATE 1-Australian grain crop puts ADM target GrainCorp under pressure
Written by Reuters: Company NewsWith dozens of new features, Google’s social network is becoming more like a photo service and a news site.
Despite the 190 million people that Google says use its social network every month, Google Plus has always struggled to escape Facebook’s shadow and seem like a hopping social destination.
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International Developments
❖ The Special Inspector General for Afghanistan Reconstruction : ”The Afghan government [with no legal basis] has charged a tax bill of nearly $1bn . . . to foreign firms working for the US military and government over the last five years”.
❖ “ Hundreds of refugees who fled to Turkey to...
U.S. Bancorp Executives Sold 75,367 Shares
Written by Barron's Most Emailed TodayU.S. Bancorp shares approached a multiyear high, and executives cashed in their holdings, selling 75,367 shares for $2,520,615 from May 7 through 14. Michael S. LaFontaine, chief operational risk officer and an executive vice president, conducte
...Scientists produced embryonic stem cells from the DNA of one person combined with a human donor egg.
Scientists from Oregon Health and Science University reported on Wednesday in the scientific journal Cell that they had created embryonic stem cells from a cloned human embryo. This is the first time...
The Stock Market Is Driven by Junk-Bond Boom
Written by Barron's Most Emailed TodayThe prospect of reduced Federal Reserve bond purchases has sent yields on government securities sharply higher around the globe, pushing their prices lower. But equity markets have continued to climb, apparently unconcerned the proverbial punch
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