In 18 Years, Messages Beamed Out into Space Will Reach a Distant Star System Known as Gliese 526…

You Can Now Send Personalized Messages Into Space

In 18 years, messages beamed out into space from Earth by a new alien-messaging project Monday (June 17) will reach a distant star system known as Gliese 526.

Officials with the Lone Signal project — a newly launched website designed to send user-written notices to any extraterrestrials who may receive them — hope that their messages might open the first dialogue between Earth and [...]

BofA: Here’s What QE3 Will Look Like And What It Will Mean For Markets

A slew of weak economic data has raised concerns that the U.S. is in a recession. Recent reports suggest that the Fed is ready to act.

 

Bank of America strategist Priya Misra and her team have revised their Fed call and expect that Fed will act when it is “comfortable that the growth slowdown is likely to persist”.

Here’s what BofA expects from the Fed:

An extension of its forward guidance in a manner that would push rate [...]

Excellent Read: “Creative Accounting” Makes Fed Insolvency Impossible

by ZH

To all who thought that the FASB gives leeway only to banks when fudging their numbers, and boosting their equity capital in ways previously unheard of, we have a surprise. The latest entrant in the “accounting gimmickry” club is none other than the Fed. And since the Fed is not auditable by anyone, it gives itself permission to change and bend the rules in [...]

Accounting change prevents a Fed “insolvency” scenario

by zh

The Fed recently announced as part of its January 6 H.4.1 release “an important accounting policy change with the release of its weekly H.4.1 report on January 6 that effectively  prevents it from facing a negative capital position even in the event that it incurs substantial losses.” Here is how Bank of America’s Priya Misra explains this curious, and most certainly politically-motivated development: “The [...]