Monthly Archives: September 2012

iNflation: Americans Spend Less On Food, Movies To Pay For Soaring Cell Phone Obsession | ZeroHedge

That trend is evident in the home of 40-year-old Scott Boedy, a neighborhood service representative for a cable company.

Mr. Boedy said he and his wife now pay $200 a month for cellphone service, up by about $50 from early last year, even as they have managed to cut spending on groceries by shopping at discount chain Aldi and on “fun stuff” by going out to dinner and movies less often.

Looking over the family budget on Sunday night, Mr. Boedy said, his wife marveled at how much of it was going to the phone company.

“It stinks,” Mr. Boedy said. “I guess it’s the cost of modern-day America now.”

No Scott, it isn’t. It’s the consequence of your choices. But as long as one has the ability to do what every other borderline insolvent entity in the world does, namely to “charge it”, sweep it under the rug.

Read Article.

‘Flaming Carrot’ creator Bob Burden turns to crowd-funding | USATODAY.com

Created by Burden in 1979, the Flaming Carrot has no secret identity, no superpowers, and is not particularly intelligent. After reading 5,000 comic books in a single sitting to win a bet, a man was driven quite mad and was permanently transformed into the orange superhero.

Read Article.

Crowdfunding: What’s All The Noise About? | Lydia Mehit

Crowdfunding is the latest buzz to hit the entrepreneur community, but no one really knows how it is going to work.  What we do know is that it will allow people like you and me (non-accredited) investors to use our money to help small businesses to start or grow. The problem is that the funding entrepreneurs need to prove, start and grow their ideas into companies has been at a premium since 2008.  The question now is whether the excitement will translate into a meaningful solution.

The turn of the century already saw a slow down from the tech investing of the 90’s, but when the recession hit, bank funding ground almost to a stop.  Where could the entrepreneur go to seek funding for their idea or startup?

Continue reading

Get ‘em When They’re Young! | OnlineDegrees.org

Guess what?

You can become a debt slave on autopilot as part of your college education. Institutions of higher learning have partnered with banks to dole out Pell grant and student loans through debit cards that double as student identification cards.

Now you can get a degree that you can’t pay off and be nickle and dimed to death doing it.

It up to us to stop this.

Click on image at left to enlarge.

The Next Industrial Revolution « azizonomics

And even if the risks of global trade disruptions do not materialise in the near-term, as the finite supply of oil dwindles in coming years, the costs of constantly shipping so much around and around the world may prove unsustainable.

It is my view that the reality of costlier oil is set over the coming years to spur a new industrial revolution — a very welcome side-effect of which will be increased social and industrial decentralisation. Looming on the horizon are technologies which can decentralise the means of production and the means of energy generation.

Read Article.

Data Centers Waste Vast Amounts of Energy, Belying Industry Image – NYTimes.com

Nationwide, data centers used about 76 billion kilowatt-hours in 2010, or roughly 2 percent of all electricity used in the country that year

Read Article.

Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan | ZeroHedge

The Post has learned as many as 10 fake gold bars — made up mostly of relatively worthless tungsten — were sold recently to unsuspecting dealers in Manhattan’s Midtown Diamond District. The 10-oz. gold bars are hugely popular with Main Street investors, and it is not known how many of the fake gold bars were sold to dealers — or if any fake bars were purchased by the public.

Read Article.

Make sure you read some of the comment thread. Some of it’s hilarious, some if will make you think. Some of it’s offensive and some of it’s NSFW. – Ed.