Memo to central bankers:
Best not to cite the price of the new iPad as an example of why inflation isn’t a problem when you head into a working-class neighborhood.
In Queens, New York, on Friday, New York Fed President William Dudley did just that. He got an earful.
After being bombarded with questions about food inflation, Dudley attempted to reassure his audience by putting rising commodity prices into a broader economic context — but that only made matters worse.
“When was the last time, sir, that you went grocery shopping?” one audience member asked.
Dudley tried to explain how the Fed sees things: Yes, food and energy prices may be rising, but at the same time, other prices are declining.
He then stretched for a real world example. The only problem was he chose the Apple’s latest tablet computer that hit stores on Friday, which may be more popular at the New York Fed’s headquarters near Wall Street than it is on the gritty streets of Queens.
The television is channeling you.
Data-gathering firms and technology companies are aggressively matching people’s TV-viewing behavior with other personal data—in some cases, prescription-drug records obtained from insurers—and using it to help advertisers buy ads targeted to shows watched by certain kinds of people.
Adrian Chen — What Does Anonymous Have on Bank of America?A member of the activist collective Anonymous is claiming to be have emails and documents which prove “fraud” was committed by Bank of America employees, and the group says it’ll release them on Monday. The member, who goes by the Twitter handle OperationLeakS, has already posted an internal email from the formerly Bank of America-owned Balboa Insurance Company.
Like looking under the cushions of the largest couch ever, unclaimed.org is a way to search for money that you’ve forgotten about or over looked. Pick the state and that will connect you to the unclaimed property search page for that state and you can start looking to see if you have any old checking and savings account, forgotten pay checks, safe deposit boxes, or trust distributions that are due to you. A friend of mine did this recently and found two old checks. Pretty sweet unexpected bonanza in a recession.
A federal magistrate has ruled that prosecutors can demand the Twitter account information of certain users in their criminal probe into the disclosure of classified documents on WikiLeaks.
Three of the account holders targeted by the government had asked the judge to reverse an earlier order she issued requiring Twitter to turn over the information to prosecutors.
A federal law allows prosecutors to obtain certain electronic data without a search warrant. In this case, the Twitter users say the government is abusing the law in a way that harms constitutional protections for free speech and association.
Only two percent of those who attempt to jump off the Golden Gate Bridge in San Francisco survive. A 17-year old high school student is the latest to do so.
A California teen jumped off the Golden Gate Bridge on a school field trip and survived the 220ft (67m) fall into San Francisco Bay.
A statement by the school said the student suffered no major injuries, merely bruising.
A Riverside County drug task force team entered the home Monday night. They seized 2,285 pot plants.
Then they found Wally, a four-foot, 55-pound “watchgator.” It was in a cement pond in the garage.
Conjured by o~ SeMeN SPeRmS ~o on March 12, 2011