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Posts Tagged ‘worse’

Inequality In America Is Worse Than In Egypt, Tunisia Or Yemen

Egyptian, Tunisian and Yemeni protesters all say that inequality is one of the main reasons they’re protesting. However, the U.S. actually has much greater inequality than in any of those countries.Specifically, the “Gini Coefficient” – the figure econ…

Housing Slump Worse than the Great Depression

Zillow’s reports:The Zillow Home Value Index has now fallen 26% since its peak in June 2006. That’s more than the 25.9% decline in the Depression-era years between 1928 and 1933. November marked the 53rd consecutive month of home value declines, …

China: U.S. In Worse Shape than Europe | Rogers: “Britain is totally insolvent”

Reuters notes:Li Daokui, an academic member of the central bank’s monetary policy committee, said that U.S. bond prices and the dollar would fall when the European economic situation stabilized.”For now, market attention is still on Europe and for t…

Is America Today In Worse Shape Than Japan During Its Lost Decade?

As I noted last year:Our savings is … dramatically lower than Japan’s when that country entered into its Lost Decade. So the Japanese were much better prepared than we are.(I also noted that we’re in worse shape than America was going into the Gre…

Cryptography, Iran and America: Worse than useless

An American government attempt to help Iranian dissidents backfires

FOR Iran’s beleaguered opposition, the internet is a potent weapon and a big hope. During the Green movement’s protests in 2009, activists used Twitter and Facebook, often from mobile phones, to upload videos of police brutality and spread messages of support and news of new demonstrations. The authorities responded not only by cracking heads, but cracking computers: trying to trace users, block services and close websites.

Outsiders found the struggle inspirational. Austin Heap, a 26-year-old hacker born in Ohio, decided to develop anticensorship software to foil the authorities’ efforts. He named the product Haystack, and began earlier this year to distribute it to Iranian opposition leaders. The publicity was excellent: he was named “Innovator of the Year” by the Guardian, a British newspaper, and gained a plaudit from Hillary Clinton, America’s secretary of state. The Treasury, State Department and Commerce Department hastened to grant Mr Heap a licence to export the software to Iran—not normally a favoured destination for American sales efforts, especially cryptographical ones. …

In Trying To Cover It’s Own Behind, BP Has Lowballed the Amount of Oil … Which Has Made Everything Worse

The head of the government’s flow study group – Ira Leifer – told Dan Froomkin: The lack of accurate information has taken its toll, he said. If BP had properly understood what was going on 5,000 feet below the surface, it never would have attempte…

Oil Gusher Worse Than Ever

(BP’s underwater cams periodically go offline, and the angle may change so that you can’t see the plume. When I posted this, there was a straight-on shot showing huge amounts of oil gushing out. Click here to see all of the underwater video feeds)

The Responses to the Gulf Oil Spill and to the Financial Crisis Are Remarkably Similar … And Have Made Both Crises Much Worse

The Gulf oil spill and the financial crisis were both caused by excessive risk-taking by industry giants and the “capture” of politicians and regulators by the corporate behemoths.Moreover, the response to the Gulf oil spill and the financial crisis ar…

Oil Spill Much Worse Than We’ve Been Told: “Official Estimates for the Flow of Oil … May be Just a Drop in the Bucket”

As a story in the Christian Science Monitor shows, the Gulf oil spill is much worse than we’ve been told: It’s now likely that the actual amount of the oil spill dwarfs the Coast Guard’s figure of 5,000 barrels, or 210,000 gallons, a day.Independent sc…

Back into the clouds

The threat to air travel from Icelandic volcanos is still troubling

EUROPEAN airports have reopened for business. Eurocontrol, which co-ordinates national air-traffic controllers, expects around 75% of flights to operate in Europe on Wednesday April 21st. It will take far longer to sort out a backlog of cancelled flights; to move planes and crew in the wrong places to where they should be; and to return supply chains to normal.

Iceland has a lot of volcanoes, and it’s a rare decade where one of them doesn’t erupt. So why has the eruption of Eyjafjallajokull caused such chaos, and what does that mean for the future? The answer to the first question is that the Eyjafjallajokull eruption is peculiarly well attuned to messing with air travel; most eruptions of a similar size would do a lot less long-distance harm. The answer to the second is that less well attuned but considerably larger eruptions are all but certain in decades to come. …

Unemployment: Better, Worse or Less Bad?

Unemployment rates worsened in 30 states in January:In other words, unemployment increased in the majority of states.However, CNN is seeing the glass as half full, noting in a report entitled “State unemployment picture brightens”:A total of 30 states …

Afghanistan no worse than Iraq in 2007: US general

The US general who masterminded a troop surge in Iraq said Wednesday that Afghanistan was “no more hopeless” than Iraq before the 2007 campaign there. General David Petraeus, head of US Central Command, drew the comparison days after President Barack Obama ordered 30,000 additional troops to

Former Managing Director of Goldman Sachs: Accounting Fraud of the Too Big to Fails May Be Worse Than Enron

Nomi Prins – former managing director of Goldman Sachs and head of the international analytics group at Bear Stearns in London – is saying the same thing that financial bloggers have been saying: The giant banks are manipulating their books to make the…

10 Reasons Why Mac OS X Security Could Get Worse

News Analysis: Mac OS X might be considered far more secure than Windows today, but that might be changing over time. Apple’s operating system is now a bigger target than ever. It will present an ever more inviting target to malware makers as more people jump on the Mac bandwagon.

Apple has released another major Mac OS X security
update this week. The update,
dubbed Mac OS X 10.6.2, installs
several fixes for Snow Leopard, including an issue that logs out users from the system unexpectedly. But it was the security side of the update that might cause the most


Ronan Keating says losing Stephen Gately worse than losing mum

Ronan Keating has confessed that the sudden death of fellow Boyzone member Stephen Gately has hit him harder than the loss of his mother11 years ago.
The singer revealed he was finding it very hard to come to terms with Gately’s passing away, which he said was even worse than the time his mother died of [...]

Conservatives and Liberals Agree: Proposed Bank Oversight Bill Will Make Things Worse

When a liberal labor leader and a conservative financial policy analyst unite against something, you know that something is really bad (actually, I don’t believe in the whole false left-right dichotomy; I think its Americans versus those trying to ste…

Bank Charge Off Rate Is Worse Than During the Great Depression

In May, analyst Mike Mayo predicted that the bank loan loss rate would be higher than during the Great Depression.In a new report, Moody’s has just confirmed (as summarized by Zero Hedge):The most recent rate of bank charge offs, which hit $45 billion …

Krugman: Collapse in Trade Worse than the Great Depression

Paul Krugman told the New York Times:“When it comes to international trade, actually it’s not the Great Depression, it’s worse,” he said, presenting charts showing the decline in global trade activity falling much more steeply in the current do…

“Media law worse than one from 1998″

Aleksandar Vučić believes that the draft changes to the Law on Information are much more restrictive than the legislation passed in 1998. “I have no problem with that law being mentioned, since I’ve already admitted what was wrong about it and where I went wrong,” the opposition Serb Progressive Party (SNS) deputy leader said.

Taleb: Our Leadership Is “Literally Incompetent”. They Are Making Things Worse and “Rewarding The People Who Got Us Here”

Nassim Nicholas Taleb told it straight on CNBC today, saying:”We still have leadership that’s literally incompetent”The government doesn’t see the problem. They are just applying patchesThe risks to the economy that were there before are still there. …