The GGEM & Euro are showing rainfall totals approaching 10″ to 20″ in some areas. This situation unfolding this week reminds me of May 2009 when the state was deluged with as much as 36″ of rain in Bunnel just north of Daytona.
Close to 20″ of rain along FL’s East coast thru 240hrs on the GGEM.
GGEM precip accum.
AREA FORECAST DISCUSSION
NATIONAL WEATHER SERVICE MELBOURNE FL
330 AM EDT MON APR 29 2013
Marc Faber Warns: Stocks Have ‘Peaked Out’
The stock market has “peaked out” and bonds may be on their way to a rebound, Marc Faber, publisher of the Gloom, Boom & Doom Report, said Thursday on CNBC.
“I think we have made an intermediate top, and it could be a longer-term top,” he said on “Fast Money.”
Fed Members Admit Endless Bond Buying Will Not Fix Economy
Word of dissension at the Fed sent the stock [...]
February 21, 2013
During the January meeting of the Federal Reserve, some members of the central bank admitted the obvious – a tidal wave of nearly worthless paper money will not turn the economy around and the Fed’s bond-buying program will create dangerous inflation and “foster market behavior that could undermine financial stability.”
Fed minutes reveal “a number of participants” in disagreement with the bond-buying scheme. An ongoing review of the practice “might [...]
NBC’s David Gregory has an exclusive interview with President Barack Obama, which will air today at 10:30 AM ET.
Gregory has been tweeting quotes. Here’s what he’s given us so far:
Read more: http://www.businessinsider.com/david-gregorys-interview-with-obama-2012-12#ixzz2GY2BZ4pN
“I was modestly optimistic yesterday, but we don’t see an agreement,” Obama told MTP host David Gregory in the interview, which was taped at the White House Saturday. ”We have been talking to the Republicans ever since the election was over. They have had trouble [...]
here is no Fiscal Cliff deal yet, because there’s too much time until the countdown.
Unlike with the debt ceiling, where it really did look like there was an intractable disagreement between the two sides, in this case, the endgame for both is fairly easy to imagine. Taxes stay low for most people. Some spending cuts are made now, and others are made in the form of entitlement tweaks that kick in way [...]
A top Republican senator is casting aside an anti-tax pledge he signed, saying that solving the country’s looming fiscal crisis is more important than honoring the decades-old pact.
Sen. Saxby Chambliss, R-Ga., broke ranks with other conservatives Wednesday when he made the remarks to a local television station. Chambliss is a member of the Gang of Six, a bipartisan group of senators tasked with finding a solution to the country’s fiscal [...]
What the Spanish rumor of a bailout lite (as a reminder, the full blown Spanish bailout has already been largely priced in, and today’s action is a very confused market pricing in a second, bailout-lite) giveth, Greece taketh away.
From ANA via From Bloomberg:
“A second meeting between the heads of the EU-IMF troika mission in Athens and Greek Labour Minister Yiannis Vroutsis on Tuesday afternoon ended abruptly a few minutes ago, after the [...]
Suddenly yesterday there were some serious troubles in the negotiations between the Greek economics minister and Troika. Mainly there was a disagreement with the representative of IMF, paul tomsen. As far as I heard today on the radio, it seems like IMF is not willed to give money to a program that they think is failed.
To blow up the negotiations on the austerity package of 11.5 billion threaten suddenly [...]
There’s been a victory for sense and science in South Korea, as the government there has rejected calls to drop references to the evolution of birds from the national school curriculum.
As previously reported on Wired.co.uk, pressure group Society for Textbook Revise had managed to persuade textbook publishers to drop sections from their books that discussed the evolution of horses and the Jurassic-era early avian-like dinosaur Archaeopteryx. Now, however, a special panel [...]
As the economic situation in Greece continues to worsen, reports indicate that hospitals and care centersthroughout the nation are running completely out of medicines, and many healthcare workers are now voluntarily providing care services without pay.
A doctor on the scene also expressed his disagreement and stated that there is a critical lack of personnel, causing a crisis in hospitals around the nation. He explained that the government has cut hospital staff by [...]
German newspaper Handelsblatt reports that seven members of the ECB’s Governing Council initially opposed President Mario Draghi’s plan to buy sovereign bonds in the open market, according to Marketwatch.
Draghi outlined the ECB’s intent to step into the bond markets and purchase sovereign bonds in distressed countries like Italy and Spain in a press conference yesterday, although he also suggested an unwillingness to do so until EU leaders came to an agreement on [...]
Draghi vs. Weidmann Round 1
Today’s AM fix was USD 1,604.50, EUR 1,305.53, and GBP 1,031.90 per ounce.
Yesterday’s AM fix was USD 1,614.75, EUR 1,311.95and GBP 1,032.78 per ounce.
Gold fell $14.10 or 0.87% in New York yesterday and closed at $1,599.20/oz. Silver fell to a low of $27.157 then also recovered, but still ended down 2.04%.
Cross Currency Table – (Bloomberg)
Gold was off less than 1% on Wednesday, its biggest drop [...]
July 1, 2012
A group of about 150 Mormons quit their church in a mass resignation ceremony in Salt Lake City on Saturday in a rare display of defiance ending decades of disagreement for some over issues ranging from polygamy to gay marriage.
Participants from Utah, Arizona, Idaho and elsewhere gathered in a public park to sign a “Declaration of Independence from Mormonism.”
“This feels awesome,” said Alison Lucas, from West Jordan, Utah, [...]
**BLOOMBERG EXCLUSIVE: Billionaire investor George Soros spoke to Bloomberg TV’s Francine Lacqua, calling on Europe to start a fund to buy Italian and Spanish bonds.
Soros said, “There is a disagreement on the fiscal side…unless that is resolved in the next three days, then I am afraid the summit could turn out to be a fiasco. That could actually be fatal.”
Soros also said that, “Merkel has emerged as a strong leader,” [...]
June 23, 2012
Leaders of the eurozone’s four largest economies pledged on Friday to back a €130bn growth package and defend the common currency but remained divided over the credit crisis as Germany continued to resist proposals to issue common debt and use bailout funds to stabilise financial markets.
The meeting in Rome was intended to demonstrate a coming together ahead of next week’s EU summit, but ended in disagreement over the [...]
With a wry smile, Justice Ruth Bader Ginsburg laid waste Friday to all those rumors about the fate of the Affordable Care Act in the Supreme Court.
“Those who know don’t talk. And those who talk don’t know,” she quipped Friday night at a conference hosted by the American Constitution Society at the Capital Hilton.
Ginsburg said she was responding to a “steady stream of rumors and fifth-hand accounts” about the court’s deliberations on the [...]
Brothers Vern and Tom McDonnell chose to quietly celebrate their 101st birthday on May 15, with just family and friends at the Philip Nursing Home.
“Tom said that last year pooped him out,” Vern’s daughter-in-law, Terry Jo McDonnell, said of last year’s birthday party at the family ranch north of Quinn.
This year’s birthday party, however, was noteworthy for other reasons.
The online encyclopedia Wikipedia lists the twins as the oldest living set [...]
Trading in shares in Spain’s Bankia has been suspended in Madrid.
It asked for them to be suspended ahead of a board meeting this afternoon to reformulate its accounts for 2011 and submit a plan to shore up its finances.
The bank is reported to be due to ask the government for a bailout of more than 15bn euros ($19bn; £12bn).
Also on Friday, there were appeals for help from another Spanish institution: its [...]
From Peter L. Brandt:
Many novice pedestrian traders focus on the next position. Consistently successful traders focus on the process and care little about the outcome of the next trade. The distinction is enormous.
I made a comment in a recent blog about a trade being a loser yet being a good trade. I received a number of inquiries about how this can be a reality. So I thought I would discuss [...]
What’s wrong with the United States? Simple . . . women voters, that’s what!
At least, according to Reverend Jesse Lee Peterson, a frequent guest on Sean Hannity’s show on Fox News. Hannity also sits on the board of directors of Brotherhood Organization of a New Destiny, which aims to promote a conservative agenda to black Americans.
“A frequent Fox News guest has drawn wide condemnation for saying women should have never [...]
Relationship between Michelle Obama and Oprah Winfrey ‘breaks down’
May 16, 2012
The book, The Amateur, written by Edward Klein, the former editor of the New York Times Magazine, portrays the First Lady as jealous of the access and influence the talk show host had over her husband. It also suggests Mrs Obama criticised Miss Winfrey’s weight.
Mr Klein claims that despite an initially warm relationship, the friendship became fractured shortly after Mr Obama’s election [...]
North Carolina is as good a place as any and possibly better than most to explore the often contradictory sentiments at the heart of the same-sex marriage debate.
On Tuesday, the voters in this state went to their polling stations and, by a landslide margin, elected to join the voters in 30 other states in enshrining a ban on same-sex marriages in the State Constitution. The next day, President Obama, perhaps [...]
A frequent Fox News guest has drawn wide condemnation for saying women should have never been given the right to vote.
In a sermon that was posted on YouTube in March, Rev Jesse Lee Peterson said women are leading the United States down a path of wickedness because they have too much political power.
Fox News host Sean Hannity has invited Rev Peterson on his show several times, including after the video [...]
The central issue of this year’s Presidential campaign will likely be the crappy economy.
Specifically, the candidates will argue about how best to fix our high unemployment and massive budget deficit.
And one of the biggest points in that argument will be taxes.
Specifically, what should be done with them.
Obviously, no one likes paying higher taxes, and everyone likes paying lower taxes.
But we live in the real world, not fantasy-land. And in the real [...]
Esmatullah Sharifi, 30, targeted the drunk teenager outside a nightclub
Said that coming from Afghanistan meant he didn’t understand what ‘consent’ was
An Afghan man who fled from the Taliban to begin a new life in Australia will spend the next 14 years behind bars after a judge rejected his claim that cultural differences had led to him raping a woman.
Esmatullah Sharifi, 30, was told by Judge Mark Dean in Melbourne that [...]
Oil prices at record levels in euro terms are threatening to rock the euro zone’s economy more than might be expected, with those countries least capable of riding out a shock being the worst hit.
Standard estimates of the impact of oil prices on the euro zone economy are that a 10 percent price hike dents annual growth by some 0.2 percent in the ensuing three years, with disagreement over whether [...]
With Greek citizens angry over more austerity, some eurozone nations want to delay approval of the second rescue package until the April elections. Photo: EPA
Delays could possibly last until after the country holds elections expected in April, they said
While most of the elements of the package, which will total €130bn, are in place, eurozone finance ministers are not satisfied that Greece’s political leaders are sufficiently committed to the deal, which requires [...]
by Matt Rosoff
Google pays outside contractors $14.50 an hour to rate search results for relevance, then feeds this data back into its search algorithms. But to get the job, testers have to pass a couple of difficult exams.
This comes from a Search Engine Land interview with one of the unnamed Search Quality Raters — he sent along screenshots to prove he was legitimate — and it’s an interesting inside glimpse into how Google collects [...]
Click on link and scroll down to see the essential CHARTS.
WED NOV 23, 2011 AT 05:15 PM PST
Income inequality and tax fairness in three charts
Occupy Wall Street has made a difference in the public narrative to the extent that the traditional media is at least now aware of the idea of income inequality. You don’t need more proof of that than this “Reality Check” from the Washington Post.
It’s true [...]
If I get a chance I’m going to vote for Ron Paul, but his ideas on legalizing all drugs are my main disagreement with his platform. I’ll vote for him anyway because our country needs a complete reboot or reset and he’d give us that. All the other candidates including Obama stand for making ADJUSTMENTS to the status quo, promising us their particular little adjustments will be the best. Our [...]
Angela Merkel, the German chancellor, is today expected to tell David Cameron that Britain does not need a referendum on EU treaty changes, despite demands from senior Conservatives for more powers to be repatriated to Britain Photo: AFP
Angela Merkel, the German chancellor, is today expected to tell David Cameron that Britain does not need a referendum on EU treaty changes, despite demands from senior Conservatives for more powers to be [...]
A report leaked at the Brussels summit suggested the terms of the second Greek bail-out would have to be ripped up in order to stabilise the country Photo: EPA
Although the agreement will allow Athens to avoid imminent default, a report leaked at the Brussels summit on Friday night suggested the terms of the second Greek bail-out would have to be ripped up in order to stabilise the country.
The report – prepared [...]
By William L. Watts
FRANKFURT (MarketWatch) — German Chancellor Angela Merkel has cancelled a statement planned for Friday on the upcoming European Union summit in Brussels, news reports said Thursday. A spokesman for Merkel’s Christian Democratic Union said the cancellation was due to a lack of agreement on new guidelines for the euro-zone rescue fund, the European Financial Stability Facility, Dow Jones Newswires reported. The European Union confirmed it plans to [...]