UN. Drug money used to keep ailing banks afloat

The United Nations’ crime and drug watchdog has indications that money made in illicit drug trade has been used to keep banks afloat in the global financial crisis, its head was quoted as saying on Sunday.

So, let’s see if I have this right, organized crime money is being used to keep organized crime [...]

Recycling old-style wind turbines

As wind turbine technology continues, many old turbines are being replaced, or are wearing out. Happily, a cottage industry has emerged to refurb old turbines then sell them at low prices.

Salmonella in peanuts. Mercury in corn syrup. FDA knew, did nothing

Somebody needs to go to prison, both in the FDA and in the companies that manufactured this poison. Now that the federal government is no longer headed by anti-regulation zealots, hopefully there will be prosecutions. Serious ones.

Mercury found in corn syrup.

Quantities of mercury have been found in high fructose corn syrup, the [...]

Ponzi cases proliferate

Talking Points Memo helps us stay updated on the gaggle of mini-Madoff’s who have been getting indicted lately, as does the Wall Street Journal. It’s getting so you need a database to keep track of them.

Y’know, I’ve made snide comments here about the Russian oligarchs and mafia but really, a $50 billion [...]

Nobody Scores

Wood at the John Heron Project alerted us to the wonderful comic Nobody Scores. Here’s the opening panel for one of them. Read the whole thing.

You think Illinois is corrupt? Try Connecticut

So says DemfromCT in DailyKos, and I must concur. I grew up in Connecticut and Sue and I moved back there for 14 months starting Feb. 2007. (We live in the SF Bay area now.)

Um, I was appalled at the obvious level of corruption in Connecticut. It wasn’t even subtle. In California, politicians might [...]

Over 263,000 foreclosures in California in 2008

There were more foreclosures in California in 2008 than in the previous nine years combined. Appalling, isn’t it? That’s a lot of pain and broken dreams.

Foreclosures are now being driven by job loss, not subprime risk-taking.

“The people who are defaulting now are not really people who recklessly got into loans they never [...]

The Madoff web of corruption

More from the Arnaud de Borchgrave article on Madoff

Harry Markopoulos filed a report (PDF) with the SEC in 2005 that accurately claimed that Madoff was running the biggest Ponzi scheme in history. He specifically asked his name not be released because, according to Borchgrave, he was afraid of getting killed. The SEC ignored the [...]

Greek farmers blocking major roads

Protesting farmers in Greece have blocked 70 major roads with tractors and trailers, saying they need higher prices for food. The country is paralyzed, and borders are closed.

This just two months after major riots hit Greek cities.

Some truck drivers have rammed the barricades trying to get through, prompting a newspaper ask, “Is Greece [...]

Solar-powered balloons could generate electricity

Ok, this is definitely a new idea.

[Use] solar energy to fill a balloon with hot air. The rising balloon pulls a tether, which turns a generator on the ground. Once the balloon has floated up to 3 kilometers, air is released and it loses buoyancy. The balloon needs less energy to be pulled [...]