|
Latest Articles: Business/Finance
Gerald Celente - National Intel Report - May 21, 2013
Post Date: 2013-05-28 13:47:13 by christine
0 Comments
Head of the IMF Christine Lagarde in court charged with embezzlement and fraud
Post Date: 2013-05-26 06:01:21 by X-15
1 Comments
The head of the International Monetary Fund arrived in the dock of a Paris courtroom today as she braced herself to be formally charged with embezzlement and fraud. Christine Lagarde’s humiliation is not only a massive personal blow which could lead to her resignation, but one which will plunge the world’s banking system into further ignominy. The clearly nervous 57-year-old said nothing to reporters as she entered the Court of Justice of the Republic, a special tribunal set up to judge the conduct of France’s government ministers, shortly after 8.30am. Lagarde faces a maximum sentence of 10 years in jail if found guilty of the very serious charges. It was when she was ...
C2C Saturday night
Post Date: 2013-05-25 04:13:55 by Tatarewicz
0 Comments
Bank Corruption Date: 05-25-13 Host: John B. Wells Guests: Karen Hudes Joining John B. Wells, former Senior Counsel to the World Bank and whistle-blower, Karen Hudes, will discuss what happened when she warned the Treasury Dept. and U.S. Congress that the U.S. would lose its right to appoint the President of the World Bank. She was recently arraigned and arrested by DC police. 6-10pm PT: Art Bell - Somewhere in Time returns to April 8, 1999, when Prof. Brian Greene discussed a scientific theory of everything in the universe, including time and space. Website(s): kahudes.net Poster Comment:Might be interesting
China/s RMB to become one top 3 global trade currencies: HSBC's Flint
Post Date: 2013-05-24 21:56:21 by Tatarewicz
0 Comments
LONDON, May 24 (Xinhua) -- The RMB, or Chinese yuan, would be able to become one of the top three global traded currencies in volumn term by the end of 2015, said Douglas Flint, chairman of HSBC Holdings plc, in London Friday. "The RMB is increasingly the part of nomal day-to-day business for anyone trading or investing in China," said Flint at the Annual General Meeting (AGM). "Every international business with an eye on China should be considering potential benefits for using the RMB, and the RMB investment opportunity has been created around the world, supported by the thriving offshore markets, particularly offshore bond markets," he said. At the same day, ...
China launches major coal price index
Post Date: 2013-05-24 03:23:50 by Tatarewicz
0 Comments
TAIYUAN, May 23 (Xinhua) -- A coal price index offering an alternative gauge for the bulk commodity was launched on Thursday in China, the world's largest coal producer. The China Taiyuan Coal Transaction Price Index is the country's first index to be based on a major coal-producing base, namely Shanxi Province. Jointly released by China Taiyuan Coal Transaction Center (CTCTC) and China Finance Corp., a company owned by state-owned Xinhua News Agency, the index will initially collect samples from 144 monitoring points in the province. The index will become more influential by expanding its price monitoring scope to cover other major coal-producing bases such as Inner Mongolia ...
Dow Theory Says: Game On
Post Date: 2013-05-22 06:21:44 by Tatarewicz
0 Comments
dehaemer-chart-1 I don't know if you've heard about the Dow Theory before, so here's a little background... The idea was dreamed up by Charles H. Dow in the late 1800s. (Charles also happens to be the guy that founded the Dow Jones Industrial Average, as well as a small-town rag called the Wall Street Journal.) Dow's idea was simple: If the industrial companies are doing well, they have to ship stuff. And if the shipping companies are doing well, then they must have something to ship. In other words, if the transports and the industrials confirm each other, then you have a trend — up or down. As you can tell by the chart above, the transports just launched. The ...
Are Japanese Bonds Signaling Trouble?
Post Date: 2013-05-21 14:47:28 by Stephen Lendman
2 Comments
Are Japanese Bonds Signaling Trouble? by Stephen Lendman A previous article discussed the disconnect between soaring markets and troubled economies. Liquidity driven markets only skyrocket so long. What can't go on forever, won't. No one's sure when. Eventually the music stops. When that happens, watch out. Signals provide clues. Fed governors hint at slowing QE. Some analysts think by yearend or sooner. Bond prices affect other markets. Spiking Japanese sovereign yields (JGB) suggest trouble. On May 18, The Japan Times headlined "JGB yield spikes raise alarm bells," saying: "Is it a sign of a full-fledged economic recovery or a looming catastrophe in the ...
"It would no doubt come as some surprise to many … that S&P's repeated assurances that its ratings were objective … were entitled to no more weight than an infomercial hawker's claim that his knife will outlast any other,"
Post Date: 2013-05-20 23:51:55 by tom007
0 Comments
10:18 PM "It would no doubt come as some surprise to many … that S&P's repeated assurances that its ratings were objective … were entitled to no more weight than an infomercial hawker's claim that his knife will outlast any other," the Justice Department says, referencing S&P's (MHFI) assertion that because statements about the independence of its ratings were described as "mere puffery" in a previous judgement, they can't form the basis for a lawsuit. The Justice Department asked a federal judge to allow a suit against the ratings agency to move forward Monday, after S&P filed for dismissal last month. Comment!
Keynesian Phrenology
Post Date: 2013-05-20 05:46:40 by Ada
0 Comments
I am getting more and more upset about the future of the economy, especially the part where I will probably still be alive to suffer through it, instead of being safely dead and gone, laughing disdainfully from whatever circle of Dante’s hell that is reserved for us lousy fathers, worthless husbands, lackluster employees and all-around lazy bastards. “Hahaha!” I will bellow. “Now suffer! Suffer, you morons who actually believed that the idiocy of Keynesian economics would NOT end in disaster! From the heart of hell I strike at thee!” As immensely satisfying as that schadenfreude will certainly be, the dismal fact is that I am still alive, and will live to see the ...
Washington Signals Dollar Deep Concerns
Post Date: 2013-05-19 12:46:37 by Ada
0 Comments
Over the past month there has been a statistically improbable concurrence of events that can only be explained as a conspiracy to protect the dollar from the Federal Reserve’s policy of Quantitative Easing (QE). Quantitative Easing is the term given to the Federal Reserve’s policy of printing 1,000 billion new dollars annually in order to finance the US budget deficit by purchasing US Treasury bonds and to keep the prices high of debt-related derivatives on the “banks too big to fail” (BTBF) balance sheets by purchasing mortgage-backed derivatives. Without QE, interest rates would be much higher, and values on the banks’ balance sheets would be much lower. ...
‘Click It or Ticket’ campaign will take place May 20-June 2 (Texas drivers!!)
Post Date: 2013-05-19 12:12:31 by X-15
3 Comments
COLLEGE STATION — This year’s Texas Department of Public Safety Click It or Ticket campaign is scheduled for May 20-June 2, which includes Memorial Day Weekend, said Bev Kellner, Texas A&M AgriLife Extension Service program specialist — passenger safety, College Station. “AgriLife Extension is again actively supporting this important public safety initiative,” Kellner said. “We want to help bring attention to the campaign, as well as ‘inform and transform’ those people who are still not convinced of the importance of seat belt use.” During the campaign, extra law enforcement authorities will be on the roads enforcing the seat belt and child ...
Get a handful of silver with five magic words at the bank
Post Date: 2013-05-19 05:46:51 by Tatarewicz
3 Comments
“Say These 5 ‘Magic’ Words To Your Local Bank Teller— And You Could Walk Away With A Handful Of Silver” What's Dr. David Eifrig's secret magic phrase for getting free silver coins? Also teased as "Retirement Silver" We’re rerunning this piece because it continues to be one of the most asked-for explanations on the Stock Gumshoe website. What follows below was originally published in mid-2012, it has been updated for the change in silver values but otherwise remains unchanged. Dr. David Eifrig over at Stansberry’s Retirement Millionaire newsletter has been teasing us with “five magic words” that he says you can use at your ...
Disconnect: Soaring Markets/Troubled Economies
Post Date: 2013-05-19 03:14:59 by Stephen Lendman
0 Comments
Disconnect: Soaring Markets/Troubled Economies by Stephen Lendman Forget everything you learned about markets, economics and finance. Perhaps Newton, Galileo, Copernicus, Darwin, Freud, Einstein, and other noted figures were wrong. Central banks run today's world. Major ones matter most. Money printing madness controls everything. Love doesn't make the world go round. Liquidity-driven markets reflect the power of bankers to do it. They're more powerful than standing armies. They can levitate markets. They can enrich themselves at the same time. They can do it while economies crater. The power of massive liquidity infusions combined with market manipulation generates huge ...
Congressmen: Were Conservative Car Dealers Targeted for GM Closures?
Post Date: 2013-05-18 22:57:52 by farmfriend
6 Comments
Congressmen: Were Conservative Car Dealers Targeted for GM Closures? by Alexander Marlow 17 May 2013 Two Congressmen are asking the Treasury Department if it inappropriately scrutinized conservative-owned businesses the same way it targeted Tea Party groups filing for tax-exempt status. Republicans Mike Kelly (PA-03) and Jim Renacci (OH-16) circulated a letter Thursday requesting Treasury Secretary Jack Lew to release documents detailing the process and methodology the Automotive Task Force used to shut down General Motors dealerships in 2009 during the automotive industry crisis. Renacci's Northeast Ohio Chevrolet dealership was closed in 2010 after losing a battle with General ...
What TARP Boss Neil Barofsky Told Me Yesterday Should Shock You
Post Date: 2013-05-17 06:20:50 by Ada
4 Comments
The financial news is getting boring. The Dow goes only one way – up. But gold fell below $1,400 per ounce yesterday. Rather than trying to figure it out, yesterday evening we drove down to Zombietown. A friend in Washington had promised to introduce us to Neil Barofsky, inspector general of the TARP program. You remember TARP? It was the feds' $700 billion program to rescue the US economy from a correction. Neil Barofsky was in charge of it. So we decided to go down and ask him how it turned out... Meanwhile, in yesterday's International Herald Tribune was a small note: "Economists agree that spending cuts and tax increases have slowed the US recovery." Readers ...
Want to Own Wan Oil Well?
Post Date: 2013-05-16 05:33:43 by Tatarewicz
1 Comments
Forward to a Friend Some guy called Coomer says he makes $300,000 a month — from the oil that flows out of his Kentucky backyard. He's part of a new reality TV show called Backyard Oil that features regular folks who are getting rich running their own oil drilling operations on their own land. It's happening all over the country... In Williston, North Dakota, longtime farmers Oscar and Lorene Stohler are now worth over $1 million after Bakken oil was found on their land. And in Texas, a guy named David Brodsky is a millionaire after having leased over 100 acres of his land in the Eagle Ford Shale Basin. What could be more American than “do-it-yourself” oil ...
US seizes top Bitcom exchange as crackdown begins
Post Date: 2013-05-16 02:04:15 by Tatarewicz
8 Comments
Russia Today: The US Department of Homeland Security seized a payment processing account Tuesday belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents. The American government has previously made it clear that officials are watching Bitcoin, a decentralized economic currency that international regulators have not yet been able to control. Many of those who favor Bitcoin use Dwolla, an Iowa-based startup that allows customers to transfer their dollars into Bitcoins. Unfortunately for those consumers, the Department of Homeland Security issued a warrant Tuesday effectively shutting down Dwolla’s ability to ...
We're All Going To Die!
Post Date: 2013-05-15 07:09:42 by Ada
4 Comments
Today, we interrupt our regular coverage of markets, morons and mush-head economics to give you a heads-up: We may all be doomed! Not just you... not just us... but the whole friggin' human race may soon be on the endangered species list. Boohoo! We're going extinct. So says an article in Newsweek. (More below...) Okay... so you don't care, right? After all, we all have to go sometime. But think of the poor voters with no one to lie to them... the poor stockbrokers with no suckers to call... the empty bars... the jails left idle and abandoned after their prisoners have paid for their crimes. It brings a tear to our eye. No illegal aliens to mow our lawns. No lobbyists to ...
Gangster State America
Post Date: 2013-05-14 08:57:56 by Ada
0 Comments
There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver. My explanation that the sudden appearance of an unprecedented 400 ton short sale of gold on the COMEX in April was a manipulation designed to protect the dollar from the Federal Reserve’s quantitative easing policy has found acceptance among gold investors and hedge fund managers. The sale was a naked short. The seller had no gold to sell. COMEX reported having gold only equal to about half of the short sale in its vaults, and not all of that was available for delivery. No one but the Federal Reserve could have ...
Supreme Court rules against Indiana farmer in battle over soybean seeds with Monsanto
Post Date: 2013-05-13 17:00:56 by Dakmar
31 Comments
Company claimed farmer violated patentsWASHINGTON - The Supreme Court has sustained Monsanto Co.'s claim that an Indiana farmer violated the company's patents on soybean seeds that are resistant to its weed-killer. The justices, in a unanimous vote Monday, rejected the farmer's argument that cheap soybeans he bought from a grain elevator are not covered by the Monsanto patents, even though most of them also were genetically modified to resist the company's Roundup herbicide. Justice Elena Kagan says a farmer who buys patented seeds must have the patent holder's permission. More than 90 percent of American soybean farms use Monsanto's "Roundup Ready" ...
Symptoms Don't Lie
Post Date: 2013-05-13 08:14:17 by Ada
0 Comments
A good doctor will not simply make a diagnosis based on measurements. The symptoms and complaints expressed by the patient are at least as important in making a determination as the data provided by diagnostic tools. When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments. This would be particularly true if the instruments are furnished by a party with a stake in a favorable diagnosis, say an insurance company on the hook for treatment costs. The same holds true for the U.S. economy. Although our government-supplied data suggests we are experiencing low inflation and modest economic growth, the economy shows ...
China may postpone IPO resumption: report
Post Date: 2013-05-13 01:46:55 by Tatarewicz
0 Comments
BEIJING, May 13 (Xinhua) -- Chinese firms seeking to be listed on the stock market may be disappointed once more, as the much-anticipated resumption of initial public offerings (IPOs) is likely to be further delayed, the China Securities Journal reported on Monday. The resumption of IPOs may be postponed until the third quarter of the year due to gloomy economic prospects and the need to reframe the country's IPO mechanism, the report said. The market had widely expected the China Securities Regulatory Commission (CSRC) to resume the approval of IPOs no later than May. The regulator halted approvals in July 2012 after investors complained that massive offerings had drained liquidity ...
EU green lights Volvo and Dongfeng merger
Post Date: 2013-05-11 22:47:40 by Tatarewicz
0 Comments
The European Commission approved on Wednesday a tie-up between Sweden's Volvo Trucks and China's Dongfeng Motor which will create the world's biggest truck maker ahead of Germany's Daimler. Under the deal, worth $900 million, Volvo Trucks will acquire a 45-percent stake in the Chinese company's Dongfeng Commercial Vehicles (DFCV) unit, giving it effective joint control with Dongfeng Motor. Volvo is currently ranked third behind Dongfeng and Daimler but the tie-up will give the venture top spot. In 2011 Volvo produced 180,000 units, 6,000 fewer than Dongfeng, but a large part of the Chinese firm's production will pass to the new subsidiary. Another Chinese ...
Best Places To Retire Overseas: Ecuador Tops InternationalLiving.com's 2013 Global Retirement Index
Post Date: 2013-05-08 00:30:11 by christine
20 Comments
Retiring overseas has captured the imagination and attention of post 50s looking for adventure and affordability in their next home. The low cost of living and possibility of new experiences and cultures unlike those experienced back in the United States can be a draw for the reported 3.3 million baby boomers in the U.S. planning to retire abroad. InternationalLiving.com -- a website devoted to covering overseas retirement -- has compiled their annual global retirement index of the 22 best places to retire overseas. Using their international network of writers, editors and ex-pats living in these retirement havens, InternationalLiving.com looked at a number of factors ranging from how ...
GM to build billion-dollar Cadillac factory in China
Post Date: 2013-05-07 21:35:05 by Tatarewicz
14 Comments
CHICAGO, May 7 (Xinhua) -- General Motors has been given green light by China to build a 1.3-billion-U.S.-dollar factory in Shanghai, the automaker confirmed Tuesday. The plant will be located in Shanghai's Jinqiao district, GM said in a statement. Construction is to begin in June, according to Chicago Tribune. GM said the planned production capacity for the factory is 150, 000 vehicles. "We want to build where we sell. That is very important to us," said Alan Adler, a GM spokesman in Detroit. GM has a strong presence in China, with a market share of 15.2 percent, according to Daniel Ammann, GM Chief Financial Officer and Senior Vice President. Daniel Francis Akerson, ...
Latest [Newer] 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 [Older]
|