Today United States regulators from the "Justice" department gave China based Haier permission to buy General Electric's appliance unit. General Electric's efforts to escape the low margin appliance business have become public knowledge twice before. The first effort failed to find any credible buyers. Following that, last year "Justice" Department regulators refused permission for Swedish firm Electrolux's to unburden General Electric of this line of business by acquiring it for 3.3 billion United States dollars. They expressed concern about the poverty of suppliers for wall mounted ovens and cooktops for commerical use in the United States. Now Haier, which already markets appliances for sale in the United States, has received approval to acquire this business line from General Electric for 5.4 billion United States dollars. Continue reading
Monthly Archives: March 2016
Government Accountability Office Declines To Offer Opinion On Worthless USG Finances
As has happened every year since 1997 during the height of the first1 Clinton presidency the United States Government Accountability Office has declined to offer an opinion on the United States Goverment's consolidated finances (archived). This is due to the impossibility of rendering an opinion with the financial statements from numerous department being so broken as to lack all meaning whatsoever. In other words the finances of the United States Government are in the same shape they have been since Bush I, Clinton I, Bush II, and Obama managed to lose the Cold War years after the Soviet Union collapsed.
At this point BitBet odds presume either Hillary Rodham Clinton or Donald Trump Clinton will usher in a second Clinton presidency. ↩
Anti Music Piracy Advocate Pirates Music Production Software
Kanye West, most famous for his strong stance against music piracy and marrying the hobbit, has outed himself as a software pirate in screen shots he posted to Twitter (archived). This does not materially affect the poverty of sanity in the US driven copyrast regime.
A Miner Problem
As announced in #bitcoin-assets, BitBet was attacked earlier today through a transaction withholding mechanism. The attack unfolded as follows : Continue reading