Yale Sounds the Alarm on the Declining Dollar: Dire Straits

If today’s US budget deficit raises concerns, then tomorrow’s projections should sound an alarm, writes economist David Dapice. As the United States descends further and further into debt – by several trillion dollars over the next ten years – the value of US currency will decline. Should a worldwide “run on the dollar” result, shockwaves [...]

Central Bankers Now Admit that Inflation is a HUGE Concern

DAVOS, Switzerland — The president of the European Central Bank gave a full-throated defense Wednesday of the bank’s determination to fight inflation, quashing hopes — at least for now — that it might follow the United States Federal Reserve in cutting interest rates to contain an economic slowdown.
Jean-Claude Trichet, the central bank president, said the [...]

Juicing the economy has a grave cost: Inflation more debt

NEW YORK (CNNMoney.com) — Within weeks, lawmakers hope to pass a package of measures intended to minimize the effects of a recession. While there’s little agreement on how much such moves would boost the economy, one thing is certain: They will come at a cost.
Initially, President Bush and leading Democrats have indicated they envisioned stimulus [...]

Two Diggs One Cup

On January 23, 2008, the Digg servers went down for about an hour. What happened when they came back up has left plenty of people wretching in disbelief.
Digg has pretty much taken a crap in a cup, and asked everyone, including even the top diggers, to partake in the offering. It now takes (barring a [...]

War Breaks Out Between Hackers and Scientology

A loose confederation of online troublemakers who call themselves Anonymous have declared war on the Church of Scientology by flooding its servers with fake data requests, describing the attacks as punishment for the Church’s alleged abuse of copyright laws and alleged brainwashing of its members.
Anonymous congregates on the net at various hangouts such as 711chan.org [...]