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18 Jun

Bloomberg Chinese Reverse Mergers Index down 44% in 2011

18 Jun

The Bloomberg Chinese Reverse Mergers Index consisting of 78 companies listed in the U.S. is down 44% in 2011.


Apple Inc. CEO Steve Jobs presents his proposal for a new Apple Campus

12 Jun

The NLRB wants to tell Boeing how to run its business

12 Jun

How can we grow and create new jobs while the NLRB crushes business competitiveness and increases hiring costs. More madness ensues.

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Foreclosing a Bank of America branch

12 Jun


Quoting The New York Times:

“… a couple in Naples, Fla., have “foreclosed” on a Bank of America branch after the bank managed to foreclose on their home — even though they never had a mortgage on it. According to reports in The Naples News, Time and elsewhere, Warren Nyerges and his wife paid $165,000 in cash to buy the house from the bank, and never borrowed against it. But last February, in an apparent case of mistaken home identity, the bank began foreclosure proceedings against them.

The couple hired a lawyer and the bank action was eventually abandoned, but the couple then went to court and got a judgment for about $2,500 in attorney’s fees. When the bank didn’t pay, their lawyer, Todd Allen, showed up at a local bank branch last week with sheriff’s deputies and a moving truck to begin cleaning out the building. Not long after, the bank paid them more than $5,700, to cover the fees and additional costs. In a statement to The Naples News, the bank apologized and said the letters had gone to a local lawyer whose office had gone out of business.” 

Taiwan tainted food scandal gripping the nation, China tightens crackdown

11 Jun

The China Daily reports:

“The Chinese mainland has suspended imports of 948 Taiwanese products, including beverages, food products and food additives that are produced by 280 companies suspected of using a cancer-causing plastic additive, according to a notice issued by the Food Safety Commission on Friday.

In mid May, Taiwan’s health department announced it had found food addictive supplier Yu Shen Chemical Co. to have illegally added cancerogenic plasticizer DEHP in clouding agents and sold toxic agents to a number of food and beverage producers.

The plasticizer contamination scandal has swept the island’s beverage and food industry, with the toxic substances even found in products sold by high-end restaurants and pharmacies.”

The China Times also reports further on the toxic effects of DEHP:

“DEHP is widely used as a plasticizer in the manufacture of items such as medical tubing and intravenous bags.

Children are especially prone to the harmful effects of high doses of DEHP, which can lead to testicular or kidney damage and fertility problems.”

EMAIL SPAM: 95% of Revenues Through Three Banks (via InfectiousGreed)

11 Jun

Paul Kedrosky notes:

“From a new paper on email spam, 95% of revenues (in the study) cleared through three banks. Remarkable.”


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