PATH: BS | Insatiable Greed

One Company Controls Almost The Entire Eyeglass Market

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When you see all those brands, all those different stores, outlets and eyecare companies, you think, "competition" right? Not exactly. What if I told you there was one company that pretty much had a monopoly on the entire market? If you don't wear glasses or sunglasses, then I guess this won't apply to you...

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A Modern Version Of SchoolHouse Rock: How America Collapsed

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Ed Asner does voiceover for a clever animated video that talks about how American society has changed over the years and how taxation and corporations have sucked dry, the economy. In the style of the old "Schoolhouse Rock" cartoons...

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American Food That Is Banned Elsewhere

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Every day, millions of Americans enjoy food products that other countries have deemed unsafe for consumption. Let's take a look at some examples..

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eBay Caught Selling Useless Insurance Policies To Customers

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EBay sells insurance that excludes from coverage the exact items it ships, rendering the policy useless, a class action claims in Federal Court.

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OnStar's New Plan To Collect/Sell Your Personal Info

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Jonathan Zdziarski writes, "I canceled the OnStar subscription on my new GMC vehicle today after receiving an email from the company about their new terms and conditions. While most people, I imagine, would hit the delete button when receiving something as exciting as new terms and conditions, being the nerd sort, I decided to have a personal drooling session and read it instead. I’m glad I did. OnStar’s latest T&C has some very unsettling updates to it, which include the ability to sell your personal GPS location information, speed, safety belt usage, and other information to third parties, including law enforcement. To add insult to a slap in the face, the company insists they will continue collecting and selling this personal information even after you cancel your service, unless you specifically shut down the data connection to the vehicle after canceling."

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Economists Show True Reason For Deficit Increase

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This week marks the 10th anniversary of the first of President George W. Bush's two tax cuts, which have played a disproportionate role in blowing up the deficit and debt. As the Center for American Progress' Michael Ettlinger and Michael Linden found, the federal debt would be at a sustainable level today ? even with the wars and the financial crisis ? were it not for the Bush tax cuts. ThinkProgress has assembled this short animation showing how the Bush tax cuts drove the deficit and debt up and are still ruining the budget picture today.

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Businessmen Caught With $134B of US Bonds at Italy/Swiss Border

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Italy's financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.

So far, no American mainstream media has picked up on this pretty scandalous story. Is some government trying to liquidate their shares of T-bills? Or are they fake and this is the largest counterfeit operation ever?

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Cribs: The 21st Century Edition

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[Humor]
Seth Green shows us how to "live large" in the current economic climate and still come with the bling, yo!

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Moore: The Rich Got Their Welfare Check This Morning

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Michael Moore has penned a poignant diatribe on the financial bailout. Irresponsibility and greed are being rewarded by American taxpayers to the richest people in the financial community.

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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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