INITIAL ESTIMATE FOR JAPAN QUAKE MAGNITUDE IS 6.7, JMA SAYS
EARTHQUAKE REPORTED IN JAPAN’S HARIMA-NADA, JMA SAYS
Japanese 6.0 magnitude quake has epicenter 24m northwest from Wakayama, Honshu
2013-04-12 20:33:17 UTC
2013-04-13 05:33:17 UTC+09:00 at epicenter
2013-04-12 16:33:17 UTC-04:00 system time
34.369°N 134.831°E depth=14.0km (8.7mi)
6km (4mi) WNW of Sumoto, Japan
16km (10mi) NE of Fukura, Japan
28km (17mi) NE of Naruto, Japan
32km (20mi) SSW of Akashi, Japan
467km (290mi) WSW of Tokyo, Japan
M 6.0 - NEAR S. COAST OF WESTERN HONSHU – [...]
DOW Nears All Time High Despite US Economy Barely Growing
Dow nears all-time high
By the close, the Dow Jones Industrial Average DJIA -.00% was 89 points from its record high finish of 14,164.53 on Oct. 9, 2007, while the S&P 500 SPX +0.12% was less than 50 points from its loftiest close of 1,565.15, reached the same day.
Slow Going: GDP Growth Inches Up
The U.S. economy barely grew [...]
Following public outrage and a lengthy political battle, Canadians have finally said thanks but no thanks to America’s F-35 Joint Strike Fighter.
The 5th-generation plane had become a source of controversy after costs soared far beyond the initial estimate from Lockheed Martin and the Pentagon.
Then last spring Auditor General Michael Ferguson called out a bunch of party conservatives who’d been low-balling the jets costs.
Last spring, Ferguson ignited a political firestorm when he [...]
WASHINGTON (AP) — Foreign demand for U.S. Treasury securities rose to a record high in April. China, the largest buyer of Treasury debt, increased its holdings slightly after trimming them for two straight months.
The Treasury Department says total foreign holdings rose 0.4 percent to $5.16 trillion. It was the fourth consecutive monthly increase.
Demand for U.S. debt is rising largely because investors are worried about Europe’s worsening debt crisis. U.S. government [...]
The amount of radioactive materials released in the first days of the Fukushima nuclear disaster was almost two and a half times the initial estimate by Japanese safety regulators, the operator of the crippled plant said in a report released on Thursday.
The operator, the Tokyo Electric Power Company, said the meltdowns it believes took place at three reactors at the Fukushima Daiichi plant released about 900,000 terabecquerels of radioactive [...]
Friday, May 25, 2012
Fukushima plant operators are now admitting that the Fukushima radiation levels emitted from the disaster exceeds almost two and a half times the initial ‘estimate’ produced by Japanese safety regulators. The announcement comes after independent researchers exposed the true amount of radiation leaked from the plant back in October of 2011. The study revealed that significantly more radioactive caesium was released into the atmosphere as a result of the Fukushima explosion than many nuclear [...]
The UK economy shrank by 0.3% in the first three months of the year, more than previously thought, revised figures have shown.
Last month’s initial estimate from the Office for National Statistics (ONS) showed a contraction of 0.2%.
The downward revision was due to a bigger contraction in construction output than previously estimated.
Over the last year and a half, the economy has fluctuated between quarters of growth and contraction.
In the [...]
The eurozone’s private sector contracted sharply in April and by more than initially thought, a survey says.
The Markit eurozone composite purchasing managers’ index (PMI) fell to 46.7 in April from March’s 49.2. Any figure below 50 suggests contraction.
This is the sharpest fall since October last year, and one of the steepest contractions in almost three years.
“Marked declines in new business” and weak manufacturing exports were largely to blame for [...]
In cities such as New York and San Francisco $500 might cover your monthly rent whereas in Detroit the same amount can buy you a detached three bedroom house.
New research has revealed the drastic differences in costs of buying property in different cities in the country – and shown that Michigan’s largest city has the most affordable homes by a considerable margin.
Detroit, famed as a one-time industrial city, has the lowest real [...]
An ‘Obamacare’ Cost Explosion? Hardly — GOP Distorts CBO Report
SAHIL KAPUR MARCH 15, 2012, 2:09 PM 3804 31
Republicans and conservative media are cherry-picking a figure in a new Congressional Budget Office spending estimate (PDF) to assert that the cost of “Obamacare” has nearly doubled to $1.76 trillion. But the claim ignores the corresponding savings during the additional period of the spending projection, thus distorting the actual cost estimates of [...]
In a new note out, SocGen’s famous bear Albert Edwrads says it’s: “Time to stiffen the sinews, summon up the blood and gird the loins.”
What’s he talking about?
Basically, margins are about to come down, bringing earnings down with it, and thus brining stocks lower overall.
He specifcally draws his focus to the dramatic turn in productivity that was announced earlier last month:
Not many people paid attention to the US [...]
State’s new eligibility rules to save $75M; more students got aid than thought
Paul Egan/ Detroit News Lansing Bureau
Lansing — Michigan has removed about 30,000 college students from its food stamp program — close to double the initial estimate — saving about $75 million a year, says Human Services Director Maura Corrigan.
Federal rules don’t allow most college students to collect food stamps, but Michigan had created its [...]
By Jeffry Bartash, MarketWatch
WASHINGTON (MarketWatch) â€” The U.S. economy grew at 2.8% pace in the final three months of 2010 â€” slower than the government initially projected â€” based on new data showing that consumers and state and local governments spent less than first estimated.
Last month, the Commerce Department said gross domestic product climbed at a 3.2% annual rate in the fourth quarter. The revised [...]
Following a surprising confirmation of a double dip in the UK a few weeks ago, after GDP was reported to have dropped by 0.5%, today the economic growth number was revised even lower, coming in at -0.6%. Per Bloomberg: “Gross domestic product fell 0.6 percent from the previous three months, compared with an initial estimate for a 0.5 percent drop, the Office for National [...]
Betting on interest rate direction by buying “Interest rate swaps” the nature and risk, which neither the seller or borrower beside the rating agency were CLUELESS. Remember the Derivative trades done in DARK/OPAQUE without any regulation, intentionally by Banksters!
Matt Taibbi also recently noted that JP Morgan used interest rate swaps to decimate a small Alabama town:
T”he initial estimate for this project was $250 million. They ended up spending about $3 [...]