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From Forbes: Just a few weeks have passed since most parents of high school seniors plunked down their tuition deposits locking in their teen’s spot at the college of their choice. What few realize is that for hundreds of schools, the May 1st deadline isn’t the end, but the beginning of a scramble to fill up freshman classes that could have empty seats come September. According to the National Association of College Admissions [...] Bernanke is giving us the worst of both worlds, a huge inflationary overhang with a simultaneous “whiff of deflation.” “Bernanke has hurt the economy and given us future inflation,” said Forbes Eight months ago, Cody Wilson set out to create the world’s first entirely 3D-printable handgun. Now he has. Early next week, Wilson, a 25-year-old University of Texas law student and founder of the non-profit group Defense Distributed, plans to release the 3D-printable CAD files for a gun he calls “the Liberator,” pictured in its initial form above. He’s agreed to let me document the process of the gun’s creation, so long as I [...] Markets spike because of heavily massaged, Fudged and tweaked Jobs report and they fell for it again
Here’s The ‘Whisper Number’ For The Jobs Report When the Bureau of Labor Statistics publishes the April jobs report at 8:30AM ET, economists expect to learn that the economy added 140,000 nonfarm payrolls during the month.
That number is based on a Bloomberg survey. However, according to TD Securities’ Millan Mulraine, the market is pricing in a lower number thanks to Wednesday’s bad ADP jobs number. From Mulraine’s note: Even though the current market consensus is for 140K, the post-ADP price action [...] Paul Hsieh Recently, the CVS Caremark Corporation began requiring employees to disclose personal health information (including weight, blood pressure, and body fat levels) or else pay an annual $600 fine. Workers must make this information available to the company’s employee “Wellness Program” and sign a form stating that they’re doing so voluntarily. CVS argues this will help workers “take more responsibility for improving their health.” At one level, this makes [...] From Forbes: I don’t generally publish end-of-year predictions, mainly because I usually am wrong (a failing that does not seem to prevent any number of others from doing so, however). But last year I made an exception when I predicted that the biggest economic story of 2013 would be the death of the full-time job in the American retail service sector. From Forbes: The biggest political problem faced by so-called “liberals” and so-called “progressives” in President Obama’s second term is how to prevent voters from holding them politically responsible as the public comes to realize how badly they were lied to during the first Obama term to win passage of Obamacare. Ten years after the invasion of Baghdad, major American oil companies are staying away from investing in Iraq’s oil resources, McClatchy’s Sean Cockerham reports.
Instead, many of Iraq’s newest oil fields are now controlled by Chinese. Iraq possesses the second-largest oil deposit in the world, in the West Qurna region. Forbes says the country could easily become the second-largest oil producer in the world after Saudi Arabia. Read more: http://www.businessinsider.com/chinese-iraq-oil-production-2013-3#ixzz2P2HSS9c8 From Dr. David Eifrig in Retirement Millionaire: Don’t die in Maryland or New Jersey if you want to avoid paying heavy estate and inheritance taxes. Forbes recently published its “Where Not to Die” list for 2013. Maryland and New Jersey are the two states that levy both an inheritance tax and an estate tax. This can quickly eat away at the money you plan to leave your heirs. Read more: http://www.thedailycrux.com/Post/42483/doc-eifrig-whatever-you-do-don-t-die-in-these-states The headline downplays the money amount. Read the article and do the second grade math that the author couldn’t. Gold has been on a definite downtrend since last October, with bullion falling a dramatic 5.1% in February alone. As prices have dropped and investors lost faith, central banks have been on the opposite side of the trade, gobbling up bullion at a rate of 27-metric tons a month, according to UBS’ gold [...] from Forbes: …As a member of the “keep the Fed” camp in prior years, it seems to me now that we will most likely come to that point, in not too many years, where replacing the Fed will be the best and even the easiest path. We are not there yet. First, the Federal Reserve, and similar institutions worldwide, will have to make enough egregious mistakes that the public’s desire to expel [...] Editor’s note: This post is a developing story first reported by The Smoking Gun andRT. The author will be reaching out to Clinton’s and Blumenthal’s offices for comment and will update the post as necessary. Confidential emails purportedly from former political adviser Sidney Blumenthal to Secretary of State Hillary Clinton have been hacked and widely distributed to politicians and news sources. Included in the hacker “Guccifer’s” distribution list are Russian news services such as Pravda, Moscow [...] - “Trust towards Cyprus as a safe place for placing money will be reduced to zero,” he told the Interfax agency Anatoly Axanof, MP and president of the Association of Regional Banks of Russia. (…)Forbes also relies on estimates of the financial press upon which the deposits of individuals from Russia to Cyprus ranging from 8 to 35 billion euros. “The Russians lost in a day up to 3.5 billion euros,” the magazine [...] From Forbes: The Denver Post, on February 15th, ran an Associated Press article entitled Homeland Security aims to buy 1.6b rounds of ammo, so far to little notice. It confirmed that the Department of Homeland Security has issued an open purchase order for 1.6 billion rounds of ammunition. As reported elsewhere, some of this purchase order is for hollow-point rounds, forbidden by international law for use in war, along with a frightening amount specialized [...] Dangerous widespread seafood fraud across the United States. These are just a few of the most disturbing highlights from the OCEANA study: - More than half (59%) of the 46 fish types tested had mislabeling. - Only 7 of 120 red snapper samples (6%!) collected nationwide were actually red snapper. - 84% of white tuna samples were actually escolar, “a species that can cause serious digestive [...] An unusual January severe weather system that started Tuesday afternoon continued to barrel its way east Wednesday, stretching from the Deep South to the Mid-Atlantic. The severe threat includes many major cities: Atlanta, Charlotte, Raleigh, Philadelphia, New York City, Washington, D.C., and southern New England could see 60 mph winds Wednesday night, forecasters said. “The storms are pummeling the Atlanta metro right now,” noted The Weather Channel’s severe weather expert Dr. Greg Forbes around [...] Louisiana Governor Bobby Jindal, Nebraska Governor Dave Heineman, and Kansas Governor Sam Brownback have all called for their states to eliminate their income tax and replace it with a sales tax over the past week. They were joined yesterday morning by North Carolina, where the Senate President Pro Tempore, Phil Berger, confirmed the legislature and the Governor, Pat McCrory, would pursue serious tax reform this session. Indeed, a senate proposal [...] Is it any wonder that many small and medium sized businesses are moving out of California? In the recent elections, California Voters Sock It To The Rich. As the Wall Street Journal noted, some are promising businesses a better life elsewhere. Being courted must be refreshing but it is important for a company and its owners to have reasonable expectations and to budget for drilling down into California’s rules. After all, [...] by Phoenix Capital Research Three popular delusions to be aware of for 2013: Popular Delusion #1: The investment world believes China will engage in another massive round of stimulus. This will not be the case. China’s new ruling party has stated point blank that the country will not be engaging in rampant stimulus (for the obvious reasons of rising inflation): This may sound like an oxymoron, but China‘s new Communist government is turning away from financial stimulus [...] from Forbes: ongress is killing medical research. The tragedy is that they don’t want to, but they may do it anyway. While the ridiculous posturing about the U.S. budget deficit drags on, seemingly without end, biomedical research in the U.S. is crumbling. Congress’s chronic inability to pass a budget, and especially the delays this year, are deeply damaging the core of our entire biomedical research enterprise: the National Institutes of Health. Outside the beltway, the [...] dollarvigilante.com The fourth-richest man in the world, worth $41 billion according to Forbes, is not all that savvy when it comes to picking the right nations in which to store wealth. France’s richest man, Bernard Arnault, would have done himself some good by subscribing to The Dollar Vigilante before embarking upon his current fiasco or, for that matter, reading any of the freedom press available on the Internet. In recent weeks, a report from the [...] Apple dramatically cut its component orders for the first quarter of 2013, according to various reports, and this seems to be the biggest reason the stock is tanking today.
Jefferies analyst Peter Misek says iPhone orders were dropped to 25-30 million for the March quarter, down from the 35-40 million range, according to Forbes. UBS analyst Steven Milunovich said the same thing this morning, “supply chain checks indicate the iPhone build rate is falling [...] Supreme Court To Decide If Human Genes Can Be Patented In Myriad Case The U.S. Supreme Court agreed to hear, for a second time, a lawsuit challenging patents held by Myriad Genetics on human genes implicated in breast cancer. The court, in an order today, said it would consider only the question of whether human genes can be patented, meaning it plans to dive straight into one of the most contentious — [...] |
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