PATH: BS | Business | Corporate Welfare

Former Google Employees Get $33M For Lame Search Engine

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[Faulty Products]
Right now, the big PR buzz is over a new search engine launched by ex-Google employees, called CUIL - oh yea, pronounced "cool", and previously spelled CUILL - I guess they figured dropping one "L" might improve their brand image. Unfortunately, making a search engine that works before they launch a big PR blitz might have been more helpful.

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Stats Indicate "Gas Shortage" May Be Phony

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While various pundits claim accessibility to oil resources is what's driving high gas prices, reports from the United States Department of the Interior indicate otherwise. Apparently the reality is, the oil companies have access to plenty of oil -- they're just not drilling for it. They're letting prices go up in an effort to put pressure on consumers to put pressure on lawmakers to give them even more access to drilling areas. And the clincher is right now, only 17% of the oil leases available are actually being drilled!

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Jimmy Carter's Proposed Energy Policy In 1977

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President Jimmy Carter delivered a televised speech on April 18, 1977. More than 30 years ago Carter addresses important issues regarding the future of energy use and policy in America. Check it out.

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Fear And Loathing In Iraq, Halliburton Style

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[Beating Dead Horses]
Theft, hookers, melting down Iraqi gold to make cowboy spurs—all in a day's work for private military contractors in Iraq?

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Dave Barry Explains The Government Stimulus Check Program

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In case you weren't aware, the government is set to start sending people "stimulus checks" this week. What does it mean? Comedian Dave Barry sums it up nicely...

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At Least One Congressman Has Noticed Rising Oil Prices

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Is there anyone in Congress paying attention regarding oil? Yes, Oregon's Peter DeFazio railed against the Republican special interests that prevent any real progress from being made on getting control over skyrocketing fuel prices and huge profits being realized by oil companies while consumers struggle with high fuel costs. See the video that will never make mainstream news...

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Chomsky: Why Don't We Ask Iraq What's Best For Them?

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American politicians are regularly asked what they think the best option is for Iraq.

During this election cycle, all of the candidates continue to say they will stay in Iraq. Professor Noam Chomsky makes a very rational case outlining the double standard America has on these issues and who's opinion should ultimately matter. Check out the video..

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Can Jim Cramer Be More Of A Laughing Stock? Probably

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He might be the most celebrated stock picker on TV, but many say Jim Cramer got it wrong and some have renewed an older criticism of the television host: Small investors who follow Cramer stand to lose big.

Jim Cramer, host of CNBC's Mad Money is now something of a laughingstock, after telling viewers on March 11th not to "move" their "money" from Bear Stearns.

He told viewers: "Don't move your money from Bear! That's just being silly! Don't be silly!"

Cramer and CNBC have defended his statements, arguing that Cramer's assertions on the bank were in reference to a viewer's question on Bear Stearns' liquidity, not its stock prices.

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Your Bank May Collapse But Lenders Still Get Big Bonuses

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As mortgage holders face foreclosure and shareholders take a bath, troubled Washington Mutual takes action -- to protect executive bonuses. It could be a trend. Get the board of directors to change the rules to make it look like you're doing a good job and collect millions in bonuses.

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2+ Years Later, Louisiana Homeowners Still Waiting To Rebuild

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Two-and-a-half years after Hurricane Katrina, tens of thousands of miserable homeowners are still waiting for their government rebuilding checks, and many complain they can’t even get their calls returned. But the company that holds the big contract to distribute the aid is doing quite well for itself.

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Web Site Revealing Money Laundering Scheme Is Shut Down

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A group people are apparently behind a scheme to shut down the web site Wikileaks, for publicizing documents which appear to show an elaborate tax evasion scheme involving the Cayman Islands, Swiss bankers and a host of powerful American businesspeople. In what's a poignant demonstration of how much people in government know technology, an injunction was granted against the domain registrar for wikileaks.org to make it not resolve (shut the whole web site down instead of ask offending content to be removed) but these people didn't know much about mirrors or IP addresses apparently.

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Citigroup Barrs Investors From Selling Their Hedge Fund Shares

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Citigroup has barred investors in one of its hedge funds from withdrawing their money, and a new leveraged fund lost 52 percent in its first three months, the Wall Street Journal reported Friday.

The largest U.S. bank suspended redemptions in CSO Partners, a fund specializing in corporate debt, after investors tried to pull more than 30 percent of its roughly $500 million of assets, the newspaper said. Citigroup injected $100 million to stabilize the fund, which lost 10.9 percent last year, the newspaper said.

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Farmers Resell Discounted Water Back To Municipality

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[Environment]
With water becoming increasingly precious in California, a rising number of farmers figure they can make more money by selling their water than by actually growing something.

Because farmers get their water at subsidized rates, some of them see financial opportunity this year in selling their allotments to Los Angeles and other desperately thirsty cities across Southern California, as well as to other farms.

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Whole Foods Touts (pictures of) Local Produce

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[Liars]
Whole Foods' local grower campaign hasn't panned out as advertised, according to a lawsuit filed by an Alabama farmer.

Snow's Bend Farm, a family-owned commercial grower near Black Warrior River, AL, said in a suit last week Whole Foods' advertisements list the grower as a fresh and authentic local supplier. But the grocer has never bought a single item from Snow's Bend, says the suit filed in U.S. District Court in Birmingham. Whole Foods had no comment on the matter Monday, saying only that it hopes for a peaceful resolution.

The suit says the saga started in January 2007 when a Whole Foods executive contacted the farm, saying it wanted to buy produce and tout the grower as a "local supplier."

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US Mint Announces New Coinage!

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[Humor]
It turns out there was a method to the government's madness when they raided recently gold coin distributors. The government has plans for a new series of coins. Take a look!

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Top 25 Censored News Stories Of 2008

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Project Censored is a media research group out of Sonoma State University which tracks the news published in independent journals and newsletters. From these, Project Censored compiles an annual list of 25 news stories of social significance that have been overlooked, under-reported or self-censored by the country's major national news media.

Between 700 and 1000 stories are submitted to Project Censored each year from journalists, scholars, librarians, and concerned citizens around the world. With the help of more than 200 Sonoma State University faculty, students, and community members, Project Censored reviews the story submissions for coverage, content, reliability of sources and national significance. The university community selects 25 stories to submit to the Project Censored panel of judges who then rank them in order of importance. Current or previous national judges include: Noam Chomsky, Susan Faludi, George Gerbner, Sut Jhally , Frances Moore Lappe, Norman Solomon, Michael Parenti, Herbert I. Schiller, Barbara Seaman, Erna Smith, Mike Wallace and Howard Zinn. All 25 stories are featured in the yearbook, Censored: The News That Didn't Make the News.

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EPA Says California Cannot Have Cleaner Air Than U.S.

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The Environmental Protection Agency on Wednesday denied California and 16 other states the right to set their own standards for carbon dioxide emissions from automobiles.

The E.P.A. administrator, Stephen L. Johnson, said the proposed California rules were pre-empted by federal authority and made moot by the energy bill signed into law by President Bush on Wednesday. Mr. Johnson said California had failed to make a compelling case that it needed authority to write its own standards for greenhouse gas emissions from cars and trucks to help curb global warming.

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FCC Decides American Media Isn't Screwed Up Enough

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[Newspapers]
The head of the Federal Communications Commission has circulated an ambitious plan to relax the decades-old media ownership rules, including repealing a rule that forbids a company to own both a newspaper and a television or radio station in the same city.

Good f*cking grief! Is anybody paying attention? We've been railing for years about how eradicating The Fairness Doctrine and the passage of the 1996 Telco Act gutted media and created the mess we're in now, and the Bush administration's FCC is again, pandering to corporate interests at the expense of Americans ever having any hope of decent news and other media options.

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The Secret History of the War on Cancer

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Children shouldn't use cellphones. No one should drink diet sodas sweetened with aspartame. And think twice before getting X-rayed with a CAT scan except in a bona fide life-threatening emergency. That's just some of the precautionary advice that epidemiologist Devra Davis, who runs the Center for Environmental Oncology at the University of Pittsburgh Cancer Institute, delivers in her new book, "The Secret History of the War on Cancer."

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BSAlert Show 4 - Dissecting The Libertarian Government Model

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[BSAlert *exclusive*]
With everyone going nuts over Libertarian-in-Republican-clothing, Ron Paul, we thought it might be worthwhile to take a deeper look into what this notion of "Liberty" is all about and whether the Libertarian-style of government has any basis in reality. The result, a two-part, two-hour interview with an outspoken, activist, fundamentalist libertarian where we don't pull any punches and get to the bottom of things.

Subscribe to the BSAlert podcast here.

"There wasn't a movement in the early days of the industrial revolution. You don't really get libertarian movements until there's a certain amount of peace, democracy and prosperity, where the hard task of creating a state and building a nation has been done." - Christopher Hitchens

READ MORE | 52 comments since 2011-02-06 08:15:32 | Comment on this Article

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